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翼辰实业(01596) - 股份发行人截至二零二五年九月三十日的证券变动月报表
2025-10-02 08:51
公司名稱: 河北翼辰實業集團股份有限公司 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致:香港交易及結算所有限公司 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01596 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 224,460,000 | RMB | | 0.5 RMB | | 112,230,000 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 224,460,000 | RMB | | 0.5 RMB | | 112,230,000 | | 2. 股份分類 | 普通股 | 股份類別 ...
翼辰实业(01596) - 有关2020年至2024年年报的补充公告
2025-09-30 08:37
河北翼辰實業集團股份有限公司 (於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司) Hebei Yichen Industrial Group Corporation Limited* 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責,對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明,並 明 確 表 示,概 不 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 工 資、 獎 金、 津 貼 和補貼 養老保險 住 房 公積金 其他社會 保險費 合計 人民幣元 人民幣元 人民幣元 人民幣元 人民幣元 張立剛先生 (附 註1) 121,030.02 1,588.29 1,110.00 1,666.90 125,395.21 張力峰先生 (附 註2) 139,871.69 2,949.64 1,337.00 3,310.35 147,468.68 附 註: (股 份 代 號:1596) 有 關2020年 至2024年年報的補充公告 茲 提 述:(1)河北翼辰實業集團股份有限公司(「本公司」,連 同 其 附 ...
翼辰实业(01596) - 2025 - 中期财报
2025-09-25 08:31
HEBEI YICHEN INDUSTRIAL GROUP CORPORATION LIMITED 河北翼辰實業集團股份有限公司 股份代號 : 1596 2025 中期報告 目錄 2 公司資料 4 中期財務資料審閱報告 5 合併資產負債表(未經審核) 9 合併利潤表(未經審核) 11 合併現金流量表(未經審核) 13 合併所有者權益變動表(未經審核) 15 中期簡明合併財務資料附註 34 管理層討論及分析 41 其他資料 河北翼辰實業集團股份有限公司 2025年中期報告 公司資料 董事 執行董事 張海軍先生 (董事長) 吳金玉先生 張力歡先生 張超先生 馬學輝女士 非執行董事 鄭知行女士 獨立非執行董事 葉奇志先生 張立國先生 王福聚先生 監事 管恩先生 (主席) 劉建賓先生 周浩先生 審核委員會 葉奇志先生 (主席) 張立國先生 王福聚先生 薪酬委員會 張立國先生 (主席) 吳金玉先生 葉奇志先生 提名委員會 王福聚先生 (主席) 吳金玉先生 張立國先生 企業管治委員會 葉奇志先生 (主席) 王福聚先生 張超先生 戰略委員會 張海軍先生 (主席) 吳金玉先生 張立國先生 公司秘書 伍偉琴女士(ACG, HK ...
瑞迪智驱(301596.SZ):电磁制动器产品可以应用于风电行业
Ge Long Hui· 2025-09-08 06:16
Core Viewpoint - The company, 瑞迪智驱 (301596.SZ), has indicated that its electromagnetic brake products can be applied in the wind power industry [1] Company Summary - 瑞迪智驱 specializes in electromagnetic brake products [1] - The company's products are positioned to serve the growing demand in the wind power sector [1] Industry Summary - The wind power industry is increasingly integrating advanced technologies such as electromagnetic brakes [1] - The application of these products may enhance operational efficiency and safety in wind energy systems [1]
翼辰实业(01596) - 股份发行人截至二零二五年八月三十一日的证券变动月报表
2025-09-02 08:31
FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致:香港交易及結算所有限公司 公司名稱: 河北翼辰實業集團股份有限公司 呈交日期: 2025年9月2日 | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 内資股 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 673,380,000 RMB | | 0.5 | RMB | | 336,690,000 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 673,380,000 RMB | | 0.5 | RMB | | 336,690,000 | 本月底法定/註冊股本總額: RMB 448,920, ...
翼辰实业(01596)发布中期业绩,归母净利润4861.7万元
Zhi Tong Cai Jing· 2025-08-28 09:21
Group 1 - The core viewpoint of the article is that Yichen Industrial (01596) reported a decline in total revenue for the first half of 2025, with a total revenue of 477 million yuan, representing a year-on-year decrease of 4.3% [1] - The net profit attributable to the parent company was 48.617 million yuan, a significant improvement compared to a loss of 42.177 million yuan in the same period last year [1] - The basic earnings per share for the company stood at 0.05 yuan [1] Group 2 - The decline in revenue was primarily attributed to a decrease in income from welding wire products and railway sleeper products [1]
翼辰实业发布中期业绩,归母净利润4861.7万元
Zhi Tong Cai Jing· 2025-08-28 09:12
Core Insights - The company reported a total revenue of 477 million yuan for the first half of 2025, representing a year-on-year decline of 4.3% [1] - The net profit attributable to the owners of the parent company was 48.6 million yuan, a significant improvement from a loss of 42.2 million yuan in the same period last year [1] - Basic earnings per share stood at 0.05 yuan [1] Revenue Analysis - The decline in revenue was primarily attributed to decreased sales in welding wire products and railway sleeper products [1]
翼辰实业(01596.HK)上半年度扭亏为盈至4860万元
Ge Long Hui· 2025-08-28 09:01
Core Insights - The company reported a revenue decline of approximately 4.3% from about RMB 498.7 million in the first half of 2024 to approximately RMB 477.1 million in the same period of 2025, primarily due to decreased income from welding wire and railway sleeper products [1] - Gross profit for the first half of 2025 was approximately RMB 126.7 million, an increase of about 24.7% compared to RMB 101.6 million in the first half of 2024, driven by increased revenue from railway fastening system products, optimization of customer structure, and a decrease in raw material prices [1] - The company recorded an operating profit of approximately RMB 53.6 million in the first half of 2025, a significant turnaround from an operating loss of approximately RMB 51.6 million in the same period of 2024, reflecting an increase of about RMB 105.2 million [1] - Net profit attributable to the parent company for the first half of 2025 was approximately RMB 48.6 million, compared to a net loss of approximately RMB 42.2 million in the first half of 2024, marking an increase of about RMB 90.8 million [1] - Basic earnings per share for the first half of 2025 were RMB 0.05, a recovery from a basic loss per share of RMB 0.05 in the first half of 2024, indicating a year-on-year increase of RMB 0.1, attributed to improved customer structure and lower raw material prices [1]
翼辰实业(01596) - 2025 - 中期业绩
2025-08-28 08:35
[Report Overview](index=1&type=section&id=I.%20Report%20Overview) This section provides an overview of the company's interim consolidated results, including company information, reporting period, and currency unit [Company Information and Report Statement](index=1&type=section&id=1.1%20Company%20Information%20and%20Report%20Statement) Hebei Yichen Industrial Group Corporation Limited (Stock Code: 1596) announced its unaudited condensed consolidated interim results for the six months ended June 30, 2025, with amounts stated in RMB thousand - The company name is Hebei Yichen Industrial Group Corporation Limited, with stock code **1596**[2](index=2&type=chunk) - This announcement presents the unaudited condensed consolidated interim results for the six months ended **June 30, 2025**[2](index=2&type=chunk) - All monetary amounts are expressed in **RMB thousand**[2](index=2&type=chunk) [Consolidated Financial Statements](index=2&type=section&id=II.%20Consolidated%20Financial%20Statements) This section presents the company's consolidated income statement and balance sheet, highlighting key financial performance and position metrics [Consolidated Income Statement](index=2&type=section&id=2.1%20Consolidated%20Income%20Statement) For the six months ended June 30, 2025, total operating revenue was RMB477,143 thousand, a 4.3% year-on-year decrease, with operating profit turning to RMB53,612 thousand from a loss, net profit at RMB48,671 thousand, and basic earnings per share at RMB0.05, significantly improving from a loss in the prior period Key Consolidated Income Statement Data (For the six months ended June 30) | Indicator | 2025 (RMB'000) | 2024 (RMB'000) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 477,143 | 498,707 | -4.3% | | Total Operating Costs | 434,715 | 478,062 | -9.07% | | Operating Profit/(Loss) | 53,612 | (51,618) | Significant improvement | | Total Profit/(Loss) | 48,671 | (42,171) | Significant improvement | | Net Profit/(Net Loss) | 48,671 | (42,171) | Significant improvement | | Net Profit/(Net Loss) Attributable to Owners of the Parent | 48,617 | (42,177) | Significant improvement | | Basic Earnings/(Loss) Per Share (RMB) | 0.05 | (0.05) | Significant improvement | [Consolidated Balance Sheet](index=4&type=section&id=2.2%20Consolidated%20Balance%20Sheet) As of June 30, 2025, the company's total assets were RMB3,593,149 thousand, a 2.6% increase from the end of 2024, with total current assets at RMB2,004,360 thousand and total non-current assets at RMB1,588,789 thousand, while total liabilities increased by 5.5% to RMB1,167,767 thousand Key Consolidated Balance Sheet Data (As of June 30) | Indicator | June 30, 2025 (RMB'000) | December 31, 2024 (RMB'000) | Change | | :--- | :--- | :--- | :--- | | **Assets** | | | | | Total Current Assets | 2,004,360 | 1,930,330 | +3.83% | | Total Non-current Assets | 1,588,789 | 1,571,167 | +1.12% | | **Total Assets** | **3,593,149** | **3,501,497** | **+2.62%** | | **Liabilities** | | | | | Total Current Liabilities | 648,182 | 717,680 | -9.68% | | Total Non-current Liabilities | 519,585 | 389,444 | +33.42% | | **Total Liabilities** | **1,167,767** | **1,107,124** | **+5.48%** | | **Equity** | | | | | Total Equity Attributable to Owners of the Parent | 2,412,403 | 2,381,448 | +1.30% | | Non-controlling Interests | 12,979 | 12,925 | +0.42% | | **Total Equity** | **2,425,382** | **2,394,373** | **+1.30%** | [Notes to Financial Statements](index=6&type=section&id=III.%20Notes%20to%20Financial%20Statements) This section provides detailed explanations of the company's general information, accounting policies, segment performance, and key financial account movements [General Information](index=6&type=section&id=3.1%20General%20Information) Hebei Yichen Industrial Group Corporation Limited, incorporated in China in 2001, primarily engages in the R&D, production, and sale of railway fastening system products, welding wire products, and railway sleeper products. Its H-shares were listed on the HKEX in 2016, and these interim results are unaudited but reviewed by the Audit Committee - The company's principal activities include the R&D, production, and sale of **railway fastening system products, welding wire products, and railway sleeper products**[8](index=8&type=chunk) - The consolidated results for the six months ended June 30, 2025, are **unaudited** by the company's auditor but have been **reviewed by the Audit Committee**[8](index=8&type=chunk) [Basis of Preparation and Accounting Policies](index=6&type=section&id=3.2%20Basis%20of%20Preparation%20and%20Accounting%20Policies) The financial statements are prepared on a going concern basis, in accordance with the Accounting Standards for Business Enterprises issued by the Ministry of Finance of China and relevant provisions of the HKEX Listing Rules - The financial statements are prepared on a **going concern basis** and comply with **Chinese Accounting Standards** and the disclosure requirements of the **HKEX Listing Rules**[9](index=9&type=chunk) [Segment Information](index=6&type=section&id=3.3%20Segment%20Information) The Group segments its business into railway fastening system products, welding wire products, and railway sleeper products, assessing segment performance based on gross profit. In H1 2025, railway fastening system products saw significant gross profit growth, while welding wire and railway sleeper products experienced minor changes - The Group's business segments are categorized by product type: **railway fastening system products, welding wire products, and railway sleeper products**[11](index=11&type=chunk) - Management determines segment performance based on **gross profit**[12](index=12&type=chunk) Segment Gross Profit (For the six months ended June 30) | Business Segment | Jan-Jun 2025 Gross Profit (RMB'000) | Jan-Jun 2024 Gross Profit (RMB'000) | YoY Change | | :--- | :--- | :--- | :--- | | Railway Fastening System | 119,799 | 94,524 | +26.74% | | Welding Wire | (370) | (862) | +57.08% | | Railway Sleeper | 6,261 | 6,657 | -5.95% | | Others | 1,095 | 1,269 | -13.71% | | **Total** | **126,785** | **101,588** | **+24.80%** | [Railway Fastening System Products](index=7&type=section&id=3.3.1%20Railway%20Fastening%20System%20Products) Railway fastening system products generated total revenue of RMB303,537 thousand and gross profit of RMB119,799 thousand in H1 2025, with a gross profit margin of 39.5%, a significant increase from the prior period, driven by higher revenue, optimized customer structure, and lower raw material prices Key Data for Railway Fastening System Products (For the six months ended June 30) | Indicator | Jan-Jun 2025 (RMB'000) | Jan-Jun 2024 (RMB'000) | YoY Change | | :--- | :--- | :--- | :--- | | Total Revenue | 303,537 | 300,433 | +1.03% | | Total Operating Costs | (183,738) | (205,909) | -10.86% | | Segment Gross Profit | 119,799 | 94,524 | +26.74% | - The gross profit margin for railway fastening system products increased from **31.5%** in H1 2024 to **39.5%** in H1 2025, an increase of **8.0 percentage points**[12](index=12&type=chunk) [Welding Wire Products](index=7&type=section&id=3.3.2%20Welding%20Wire%20Products) Welding wire products generated total revenue of RMB141,841 thousand in H1 2025, with a negative gross profit of RMB370 thousand and a gross profit margin of -0.3%, showing minor change compared to the prior period Key Data for Welding Wire Products (For the six months ended June 30) | Indicator | Jan-Jun 2025 (RMB'000) | Jan-Jun 2024 (RMB'000) | YoY Change | | :--- | :--- | :--- | :--- | | Total Revenue | 141,841 | 154,013 | -7.90% | | Total Operating Costs | (142,211) | (154,875) | -8.20% | | Segment Gross Profit | (370) | (862) | +57.08% | - The gross profit margin for welding wire products increased from **-0.6%** in H1 2024 to **-0.3%** in H1 2025, a minor change[12](index=12&type=chunk) [Railway Sleeper Products](index=7&type=section&id=3.3.3%20Railway%20Sleeper%20Products) Railway sleeper products generated total revenue of RMB28,761 thousand and gross profit of RMB6,261 thousand in H1 2025, with a gross profit margin of 21.9%, an increase from the prior period, mainly due to optimized internal management and cost reduction efforts Key Data for Railway Sleeper Products (For the six months ended June 30) | Indicator | Jan-Jun 2025 (RMB'000) | Jan-Jun 2024 (RMB'000) | YoY Change | | :--- | :--- | :--- | :--- | | Total Revenue | 28,761 | 40,556 | -29.10% | | Total Operating Costs | (22,500) | (33,899) | -33.62% | | Segment Gross Profit | 6,261 | 6,657 | -5.95% | - The gross profit margin for railway sleeper products increased from **16.5%** in H1 2024 to **21.9%** in H1 2025, an increase of **5.4 percentage points**[12](index=12&type=chunk) [Notes on Key Financial Items](index=8&type=section&id=3.4%20Key%20Financial%20Items) This section details the movements and analyses of significant financial accounts, including receivables, payables, revenue, costs, and profit components [Bills Receivable](index=8&type=section&id=3.4.1%20Bills%20Receivable) As of June 30, 2025, the carrying value of bills receivable was RMB31,449 thousand, a **42.5% decrease** from RMB54,689 thousand at the end of 2024 Carrying Value of Bills Receivable | Indicator | June 30, 2025 (RMB'000) | December 31, 2024 (RMB'000) | Change | | :--- | :--- | :--- | :--- | | Carrying Value of Bills Receivable | 31,449 | 54,689 | -42.5% | [Accounts Receivable](index=8&type=section&id=3.4.2%20Accounts%20Receivable) As of June 30, 2025, the carrying value of accounts receivable was RMB1,150,169 thousand, a **3.6% decrease** from RMB1,193,124 thousand at the end of 2024, with the highest proportion being current within one year Carrying Value and Aging Analysis of Accounts Receivable | Indicator | June 30, 2025 (RMB'000) | December 31, 2024 (RMB'000) | Change | | :--- | :--- | :--- | :--- | | Carrying Value of Accounts Receivable | 1,150,169 | 1,193,124 | -3.6% | | Within 1 year | 691,591 | 721,712 | -4.17% | | 1 to 2 years | 303,987 | 313,721 | -3.09% | | 2 to 3 years | 192,613 | 213,020 | -9.58% | | Over 3 years | 257,646 | 242,396 | +6.37% | [Bills Payable](index=8&type=section&id=3.4.3%20Bills%20Payable) As of June 30, 2025, bills payable amounted to RMB37,474 thousand, a **29.3% decrease** from RMB53,000 thousand at the end of 2024 Bills Payable | Indicator | June 30, 2025 (RMB'000) | December 31, 2024 (RMB'000) | Change | | :--- | :--- | :--- | :--- | | Bills Payable | 37,474 | 53,000 | -29.3% | [Accounts Payable](index=9&type=section&id=3.4.4%20Accounts%20Payable) As of June 30, 2025, accounts payable amounted to RMB371,016 thousand, a **5.4% decrease** from RMB391,730 thousand at the end of 2024, with **84.5%** of accounts payable due within one year Accounts Payable and Aging Analysis | Indicator | June 30, 2025 (RMB'000) | December 31, 2024 (RMB'000) | Change | | :--- | :--- | :--- | :--- | | Accounts Payable | 371,016 | 391,730 | -5.39% | | Within 1 year | 313,416 | 328,095 | -4.47% | | Over 1 year | 57,600 | 63,635 | -9.49% | [Operating Revenue and Costs](index=9&type=section&id=3.4.5%20Operating%20Revenue%20and%20Costs) In H1 2025, principal business revenue was RMB474,139 thousand, principal business costs were RMB348,449 thousand, and other business revenue was RMB3,004 thousand, with both total revenue and total costs decreasing year-on-year Operating Revenue and Costs (For the six months ended June 30) | Indicator | Jan-Jun 2025 Revenue (RMB'000) | Jan-Jun 2025 Costs (RMB'000) | Jan-Jun 2024 Revenue (RMB'000) | Jan-Jun 2024 Costs (RMB'000) | | :--- | :--- | :--- | :--- | :--- | | Principal Business | 474,139 | 348,449 | 495,002 | 394,683 | | Other Businesses | 3,004 | 1,909 | 3,705 | 2,436 | | **Total** | **477,143** | **350,358** | **498,707** | **397,119** | [Investment Income/(Loss)](index=9&type=section&id=3.4.6%20Investment%20Income%2F%28Loss%29) Investment income in H1 2025 was RMB16,041 thousand, a significant increase from RMB8,273 thousand in H1 2024, primarily due to increased income from long-term equity investments accounted for using the equity method Investment Income/(Loss) (For the six months ended June 30) | Indicator | June 30, 2025 (RMB'000) | June 30, 2024 (RMB'000) | Change | | :--- | :--- | :--- | :--- | | Income from Long-term Equity Investments Accounted for Using Equity Method | 16,041 | 7,600 | +111.07% | | **Total Investment Income** | **16,041** | **8,273** | **+93.90%** | [Fair Value Change Gains/(Losses)](index=10&type=section&id=3.4.7%20Fair%20Value%20Change%20Gains%2F%28Losses%29) Fair value change gains were **RMB0** in H1 2025, a significant improvement from a loss of RMB58,506 thousand in H1 2024, primarily because the company sold all its Hong Kong listed securities in 2024 Fair Value Change Gains/(Losses) (For the six months ended June 30) | Indicator | June 30, 2025 (RMB'000) | June 30, 2024 (RMB'000) | Change | | :--- | :--- | :--- | :--- | | Financial Assets Held for Trading | – | (58,506) | Significant improvement | | **Total** | **–** | **(58,506)** | **Significant improvement** | [Income Tax Expense](index=10&type=section&id=3.4.8%20Income%20Tax%20Expense) Income tax expense in H1 2025 was RMB4,934 thousand, a significant improvement from a loss of RMB9,422 thousand in H1 2024, primarily due to changes in deferred income tax expense Income Tax Expense (For the six months ended June 30) | Indicator | June 30, 2025 (RMB'000) | June 30, 2024 (RMB'000) | Change | | :--- | :--- | :--- | :--- | | Current Income Tax Expense | 5,880 | 3,607 | +63.01% | | Deferred Income Tax Expense | (946) | (13,029) | Significant improvement | | **Total** | **4,934** | **(9,422)** | **Significant improvement** | [Earnings/(Loss) Per Share](index=10&type=section&id=3.4.9%20Earnings%2F%28Loss%29%20Per%20Share) Basic earnings per share in H1 2025 was **RMB0.05**, turning a loss into profit from basic loss per share of RMB0.05 in H1 2024 Earnings/(Loss) Per Share (For the six months ended June 30) | Indicator | June 30, 2025 (RMB) | June 30, 2024 (RMB) | Change | | :--- | :--- | :--- | :--- | | Basic Earnings/(Loss) Per Share | 0.05 | (0.05) | Turned loss into profit | | Diluted Earnings/(Loss) Per Share | 0.05 | (0.05) | Turned loss into profit | - For the six months ended June 30, 2025, and 2024, there were **no potential dilutive ordinary shares**, thus diluted earnings per share equal basic earnings per share[21](index=21&type=chunk) [Dividends](index=10&type=section&id=3.4.10%20Dividends) The Board does not recommend an interim dividend for the six months ended June 30, 2025, while the 2024 final dividend was paid in July 2025 - The Board does **not recommend** the payment of an interim dividend for the six months ended June 30, 2025[22](index=22&type=chunk) - The final dividend for the year ended December 31, 2024 (approximately **RMB0.0168 per share**) was paid in **July 2025**[22](index=22&type=chunk) [Management Discussion and Analysis](index=11&type=section&id=IV.%20Management%20Discussion%20and%20Analysis) This section provides an overview of the industry, business performance, future outlook, detailed financial performance analysis, and financial position [Industry Review](index=11&type=section&id=4.1%20Industry%20Review) In H1 2025, the national economy maintained a stable and improving trend, with GDP growing by **5.3%** year-on-year, and national railway fixed asset investment reaching **RMB355.9 billion**, a **5.5%** increase, accelerating railway infrastructure construction - In H1 2025, China's GDP grew by **5.3%** year-on-year[23](index=23&type=chunk) - National railway fixed asset investment in H1 2025 amounted to **RMB355.9 billion**, a year-on-year increase of **5.5%**[23](index=23&type=chunk) - A total of **301 kilometers of new railway lines** were put into operation, and **220.70 kilometers of new urban rail transit lines** were added in H1 2025[23](index=23&type=chunk) [Business Review](index=11&type=section&id=4.2%20Business%20Review) In H1 2025, the Group's total revenue decreased by **4.3%** year-on-year to **RMB477.1 million**, primarily due to reduced revenue from welding wire and railway sleeper products, though external impacts were effectively managed through proactive operational adjustments - In H1 2025, the Group's total revenue was approximately **RMB477.1 million**, a year-on-year decrease of approximately **4.3%**[24](index=24&type=chunk) - The company actively communicated with customers and suppliers, adjusting production and operation plans based on demand and market changes to address external uncertainties[24](index=24&type=chunk) [Railway Fastening System Products](index=11&type=section&id=4.2.1%20Railway%20Fastening%20System%20Products) Railway fastening system products revenue increased by **1.0%** to **RMB303.5 million**, accounting for **63.6%** of total revenue, with gross profit margin rising **8.0 percentage points** to **39.5%**, and outstanding contract value of approximately **RMB2,132.1 million** - Revenue from railway fastening system products was approximately **RMB303.5 million**, a year-on-year increase of approximately **1.0%**, accounting for approximately **63.6%** of total revenue[25](index=25&type=chunk) - Operating costs decreased by approximately **RMB22.2 million**, mainly due to optimized customer structure and lower raw material prices[25](index=25&type=chunk) - Gross profit margin increased by **8.0 percentage points** to **39.5%**, with gross profit increasing by **26.8%** to **RMB119.8 million**[26](index=26&type=chunk) - As of June 30, 2025, the outstanding contract value was approximately **RMB2,132.1 million**[27](index=27&type=chunk) [Welding Wire Products](index=12&type=section&id=4.2.2%20Welding%20Wire%20Products) Welding wire products revenue decreased by **7.9%** year-on-year to **RMB141.8 million**, accounting for **29.7%** of total revenue, primarily due to intense market competition and declining selling prices, with plans to expand the customer base - Revenue from welding wire products was approximately **RMB141.8 million**, a year-on-year decrease of approximately **7.9%**, accounting for approximately **29.7%** of total revenue[28](index=28&type=chunk) - The decrease in revenue was mainly due to **intense market competition** and a **decline in the selling price** of welding wire products[28](index=28&type=chunk) - The company plans to further **expand its customer base** while continuing to cooperate with existing major customers[28](index=28&type=chunk) [Railway Sleeper Products](index=12&type=section&id=4.2.3%20Railway%20Sleeper%20Products) Railway sleeper products revenue decreased by **29.1%** year-on-year to **RMB28.8 million**, accounting for **6.0%** of total revenue, primarily due to delays in supply as per customer requirements - Revenue from railway sleeper products was approximately **RMB28.8 million**, a year-on-year decrease of approximately **29.1%**, accounting for approximately **6.0%** of total revenue[29](index=29&type=chunk) - The decrease in revenue was mainly due to **delays in supplying railway sleeper products** to customers as per their requirements[29](index=29&type=chunk) [Future Outlook](index=13&type=section&id=4.3%20Future%20Outlook) China's railway construction investment is expected to remain high, with new-generation smart high-speed rail anticipated by 2027, and the Group will seize opportunities to enhance product quality and service, while exploring vertical industry extension to build diverse product lines - In H1 2025, the national economy showed stable and improving trends, with **railway construction investment remaining high**[30](index=30&type=chunk) - Multiple new lines and stations commenced operation, ongoing construction projects progressed smoothly, and preliminary project work was carried out in an orderly manner[31](index=31&type=chunk)[32](index=32&type=chunk) - China State Railway Group Co., Ltd. will accelerate railway planning and construction, with the **new generation of smart high-speed rail expected to be implemented by 2027**[33](index=33&type=chunk) - The Group will seize opportunities from the 'Transportation Powerhouse' initiative, focusing on high-quality railway fastening system products and railway sleeper products, enhancing product quality and service levels, and exploring **vertical industry extension to build diverse product lines**[33](index=33&type=chunk) [Performance Analysis](index=14&type=section&id=4.4%20Performance%20Analysis) This section provides a detailed breakdown and analysis of the Group's revenue, costs, gross profit, operating expenses, and net profit for the reporting period [Revenue](index=14&type=section&id=4.4.1%20Revenue) The Group's total revenue decreased by **4.3%** from RMB498.7 million in H1 2024 to **RMB477.1 million** in H1 2025, primarily due to reduced revenue from welding wire and railway sleeper products, while railway fastening system products revenue slightly increased by **1.0%** Revenue Composition and Changes (For the six months ended June 30) | Product Type | H1 2025 Revenue (RMB million) | H1 2024 Revenue (RMB million) | YoY Change | | :--- | :--- | :--- | :--- | | Railway Fastening System Products | 303.5 | 300.4 | +1.0% | | Welding Wire Products | 141.8 | 154.0 | -7.9% | | Railway Sleeper Products | 28.8 | 40.6 | -29.1% | | **Total Revenue** | **477.1** | **498.7** | **-4.3%** | - Other business income is derived from the **sale of raw materials, provision of product processing services, and electricity sales**[36](index=36&type=chunk) [Operating Costs](index=15&type=section&id=4.4.2%20Operating%20Costs) The Group's operating costs decreased by **11.8%** to **RMB350.4 million** in H1 2025, primarily due to optimized customer structure and lower raw material prices, with all product lines experiencing varying degrees of cost reduction Operating Costs Changes (For the six months ended June 30) | Product Type | H1 2025 Costs (RMB million) | H1 2024 Costs (RMB million) | YoY Change | | :--- | :--- | :--- | :--- | | Railway Fastening System Products | 183.7 | 205.9 | -10.8% | | Welding Wire Products | 142.2 | 154.9 | -8.2% | | Railway Sleeper Products | 22.5 | 33.9 | -33.6% | | **Total Operating Costs** | **350.4** | **397.1** | **-11.8%** | [Gross Profit](index=15&type=section&id=4.4.3%20Gross%20Profit) In H1 2025, the Group's gross profit increased by **24.7%** to **RMB126.7 million**, driven by increased revenue from railway fastening system products, optimized customer structure, and lower raw material prices, with significant gross profit margin improvements for railway fastening system and railway sleeper products Gross Profit and Gross Profit Margin Changes (For the six months ended June 30) | Product Type | H1 2025 Gross Profit (RMB million) | H1 2024 Gross Profit (RMB million) | YoY Change | H1 2025 Gross Profit Margin | H1 2024 Gross Profit Margin | GPM Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Railway Fastening System Products | 119.8 | 94.5 | +26.8% | 39.5% | 31.5% | +8.0% | | Welding Wire Products | -0.4 | -0.9 | +55.6% | -0.3% | -0.6% | +0.3% | | Railway Sleeper Products | 6.3 | 6.7 | -6.0% | 21.9% | 16.5% | +5.4% | | **Total Gross Profit** | **126.7** | **101.6** | **+24.7%** | | | | [Selling Expenses](index=16&type=section&id=4.4.4%20Selling%20Expenses) Selling expenses in H1 2025 were **RMB10.2 million**, a minor change from RMB10.3 million in H1 2024, with both periods representing **2.1%** of total revenue Selling Expenses (For the six months ended June 30) | Indicator | H1 2025 (RMB million) | H1 2024 (RMB million) | YoY Change | % of Total Revenue (2025) | % of Total Revenue (2024) | | :--- | :--- | :--- | :--- | :--- | :--- | | Selling Expenses | 10.2 | 10.3 | -1.0% | 2.1% | 2.1% | [Administrative Expenses](index=16&type=section&id=4.4.5%20Administrative%20Expenses) Administrative expenses in H1 2025 were **RMB44.0 million**, an increase from RMB42.2 million in H1 2024, primarily due to higher depreciation and amortization, with its percentage of total revenue rising from **8.5%** to **9.2%** Administrative Expenses (For the six months ended June 30) | Indicator | H1 2025 (RMB million) | H1 2024 (RMB million) | YoY Change | % of Total Revenue (2025) | % of Total Revenue (2024) | | :--- | :--- | :--- | :--- | :--- | :--- | | Administrative Expenses | 44.0 | 42.2 | +4.3% | 9.2% | 8.5% | - The increase in administrative expenses was mainly due to **higher depreciation and amortization**[42](index=42&type=chunk) [Research and Development Expenses](index=16&type=section&id=4.4.6%20Research%20and%20Development%20Expenses) R&D expenses in H1 2025 were **RMB14.6 million**, an increase from RMB13.0 million in H1 2024, primarily due to the Group's active efforts to enhance its technological capabilities and increased R&D investment, with its percentage of total revenue rising from **2.6%** to **3.1%** Research and Development Expenses (For the six months ended June 30) | Indicator | H1 2025 (RMB million) | H1 2024 (RMB million) | YoY Change | % of Total Revenue (2025) | % of Total Revenue (2024) | | :--- | :--- | :--- | :--- | :--- | :--- | | R&D Expenses | 14.6 | 13.0 | +12.3% | 3.1% | 2.6% | - The increase in R&D expenses was mainly due to the Group's active efforts to **enhance its technological capabilities** and **increased R&D investment**[43](index=43&type=chunk) [Investment Income](index=16&type=section&id=4.4.7%20Investment%20Income) Investment income in H1 2025 was **RMB16.0 million**, a significant increase from RMB8.3 million in H1 2024, primarily due to increased adjusted profits from associates Investment Income (For the six months ended June 30) | Indicator | H1 2025 (RMB million) | H1 2024 (RMB million) | YoY Change | | :--- | :--- | :--- | :--- | | Investment Income | 16.0 | 8.3 | +92.8% | - The increase in investment income was mainly due to **increased adjusted profits from associates**[44](index=44&type=chunk) [Fair Value Change Gains/(Losses)](index=16&type=section&id=4.4.8%20Fair%20Value%20Change%20Gains%2F%28Losses%29) Fair value change gains were **RMB0** in H1 2025, a significant improvement from a loss of RMB58.5 million in H1 2024, as the company sold all its Hong Kong listed securities in 2024 Fair Value Change Gains/(Losses) (For the six months ended June 30) | Indicator | H1 2025 (RMB million) | H1 2024 (RMB million) | YoY Change | | :--- | :--- | :--- | :--- | | Fair Value Change Gains/(Losses) | 0 | (58.5) | Significant improvement | - There were **no fair value change losses** in H1 2025, as the company had sold all its Hong Kong listed securities in 2024[45](index=45&type=chunk) [Finance Costs – Net](index=17&type=section&id=4.4.9%20Finance%20Costs%20%E2%80%93%20Net) Finance costs – net in H1 2025 were **RMB8.6 million**, a decrease from RMB9.1 million in H1 2024, primarily due to increased interest income Finance Costs – Net (For the six months ended June 30) | Indicator | H1 2025 (RMB million) | H1 2024 (RMB million) | YoY Change | | :--- | :--- | :--- | :--- | | Finance Costs – Net | 8.6 | 9.1 | -5.5% | - The decrease in net finance costs was mainly due to **increased interest income**[46](index=46&type=chunk) [Operating Profit/(Loss)](index=17&type=section&id=4.4.10%20Operating%20Profit%2F%28Loss%29) In H1 2025, the Group recorded an operating profit of **RMB53.6 million**, a significant improvement of approximately **RMB105.2 million** from an operating loss of RMB51.6 million in H1 2024 Operating Profit/(Loss) (For the six months ended June 30) | Indicator | H1 2025 (RMB million) | H1 2024 (RMB million) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Profit/(Loss) | 53.6 | (51.6) | Significant improvement (+RMB105.2 million) | [Net Profit/(Loss)](index=17&type=section&id=4.4.11%20Net%20Profit%2F%28Loss%29) In H1 2025, the Group's net profit was **RMB48.6 million**, a significant improvement of approximately **RMB90.8 million** from a net loss of RMB42.2 million in H1 2024, turning a loss into profit with basic earnings per share of **RMB0.05** Net Profit/(Loss) (For the six months ended June 30) | Indicator | H1 2025 (RMB million) | H1 2024 (RMB million) | YoY Change | | :--- | :--- | :--- | :--- | | Net Profit/(Loss) | 48.6 | (42.2) | Significant improvement (+RMB90.8 million) | | Net Profit/(Loss) Attributable to Owners of the Parent | 48.6 | (42.2) | Significant improvement (+RMB90.8 million) | | Basic Earnings/(Loss) Per Share (RMB) | 0.05 | (0.05) | Turned loss into profit (+RMB0.1) | - The increase in net profit was mainly due to the Group's active efforts in **optimizing customer structure** and **lower raw material prices**, resulting in overall good operating performance[48](index=48&type=chunk) [Financial Position Analysis](index=17&type=section&id=4.5%20Financial%20Position%20Analysis) This section analyzes the Group's total assets, liabilities, equity, and gearing ratio, highlighting key changes and their drivers [Total Assets](index=17&type=section&id=4.5.1%20Total%20Assets) As of June 30, 2025, the Group's total assets were **RMB3,593.1 million**, a **2.6% increase** from the end of 2024, primarily due to increased inventory for railway fastening systems Total Assets (As of June 30) | Indicator | June 30, 2025 (RMB million) | December 31, 2024 (RMB million) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 3,593.1 | 3,501.5 | +2.6% | - The increase in total assets was mainly due to **increased inventory for railway fastening systems**[49](index=49&type=chunk) [Total Liabilities](index=17&type=section&id=4.5.2%20Total%20Liabilities) As of June 30, 2025, the Group's total liabilities were **RMB1,167.8 million**, a **5.5% increase** from the end of 2024, primarily due to increased bank borrowings Total Liabilities (As of June 30) | Indicator | June 30, 2025 (RMB million) | December 31, 2024 (RMB million) | Change | | :--- | :--- | :--- | :--- | | Total Liabilities | 1,167.8 | 1,107.1 | +5.5% | - The increase in total liabilities was mainly due to **increased bank borrowings**[50](index=50&type=chunk) [Total Equity](index=17&type=section&id=4.5.3%20Total%20Equity) As of June 30, 2025, the Group's total equity was **RMB2,425.4 million**, a **1.3% increase** from the end of 2024, primarily due to the net profit generated in H1 2025 Total Equity (As of June 30) | Indicator | June 30, 2025 (RMB million) | December 31, 2024 (RMB million) | Change | | :--- | :--- | :--- | :--- | | Total Equity | 2,425.4 | 2,394.4 | +1.3% | - The increase in total equity was mainly due to the **net profit generated in H1 2025**[51](index=51&type=chunk) [Gearing Ratio](index=18&type=section&id=4.5.4%20Gearing%20Ratio) As of June 30, 2025, the Group's gearing ratio was **16.8%**, a **0.5 percentage point decrease** from **17.3%** at the end of 2024, primarily due to an increase in cash and cash equivalents Gearing Ratio (As of June 30) | Indicator | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Gearing Ratio | 16.8% | 17.3% | -0.5 percentage points | - The decrease in the gearing ratio was mainly due to an **increase in the Group's cash and cash equivalents**[52](index=52&type=chunk) [Employees and Remuneration Policy](index=18&type=section&id=4.6%20Employees%20and%20Remuneration%20Policy) As of June 30, 2025, the Group had **1,274 employees**, with staff costs of approximately **RMB50.5 million**, a minor change from the prior period, and remuneration standards are based on employee qualifications, job responsibilities, and industry averages Employees and Staff Costs (For the six months ended June 30) | Indicator | June 30, 2025 | June 30, 2024 | Change | | :--- | :--- | :--- | :--- | | Number of Employees | 1,274 | 1,277 | -3 | | Staff Costs (RMB million) | 50.5 | 51.0 | -1.0% | - Remuneration standards are determined based on **employee qualifications, job responsibilities, and industry average levels**, with bonuses awarded based on operating performance and individual work performance[53](index=53&type=chunk) [Events After Reporting Period](index=18&type=section&id=4.7%20Events%20After%20Reporting%20Period) No events have occurred after the balance sheet date and up to the date of this announcement that would have a material impact on the Group - No events have occurred after the balance sheet date and up to the date of this announcement that would have a **material impact on the Group**[54](index=54&type=chunk) [Interim Dividends](index=18&type=section&id=4.8%20Interim%20Dividends) The Board does not recommend an interim dividend for the six months ended June 30, 2025, to meet daily operational liquidity needs and support the smooth implementation of long-term development strategies - The Board does **not recommend** the payment of an interim dividend for the six months ended June 30, 2025[55](index=55&type=chunk) - The decision not to distribute dividends aims to meet the company's **daily operational liquidity needs** and support the **smooth implementation of its medium-to-long-term development strategies**[55](index=55&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=18&type=section&id=4.9%20Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company%27s%20Listed%20Securities) As of June 30, 2025, the trustee of the company's H-share award scheme cumulatively purchased **10,597,000 H-shares** for employee incentive plans at an average price of approximately **RMB2.61 per share**, with no other listed securities purchased, sold, or redeemed by the company or its subsidiaries during the period - As of June 30, 2025, the trustee of the company's H-share award scheme cumulatively purchased **10,597,000 H-shares** at an average price of approximately **RMB2.61 per share**[56](index=56&type=chunk) - The H-shares were purchased for the **employee incentive plan**[56](index=56&type=chunk) - During the period, neither the company nor its subsidiaries purchased, sold, or redeemed any **other listed securities**[56](index=56&type=chunk) [Other Information](index=19&type=section&id=V.%20Other%20Information) This section covers the company's compliance with securities dealing and corporate governance codes, audit committee review, and publication details of the results and report [Compliance with Securities Dealing Code](index=19&type=section&id=5.1%20Compliance%20with%20Securities%20Dealing%20Code) The company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers as set out in Appendix C3 of the Listing Rules, and all directors and supervisors confirmed full compliance during the period - The company has adopted the **Model Code for Securities Transactions by Directors of Listed Issuers**, and directors and supervisors confirmed **full compliance**[57](index=57&type=chunk) [Compliance with Corporate Governance Code](index=19&type=section&id=5.2%20Compliance%20with%20Corporate%20Governance%20Code) The company is committed to maintaining high standards of corporate governance and complied with all code provisions of the Corporate Governance Code as set out in Appendix C1 of the Listing Rules for the six months ended June 30, 2025 - The company complied with **all code provisions of the Corporate Governance Code** as set out in Appendix C1 of the Listing Rules during the period[58](index=58&type=chunk) [Audit Committee](index=19&type=section&id=5.3%20Audit%20Committee) The condensed consolidated interim financial information was unaudited by the company's auditor but reviewed by the Audit Committee, which concurred with the accounting principles, treatments, and practices adopted - The condensed consolidated interim financial information was **unaudited by the company's auditor**[59](index=59&type=chunk) - The company's Audit Committee has **reviewed and concurred** with the accounting principles, accounting treatments, and practices adopted by the company[59](index=59&type=chunk) [Publication of Results and Report](index=19&type=section&id=5.4%20Publication%20of%20Results%20and%20Report) This results announcement has been published on the HKEX 'Disclosure of Interests' website and the company's website, with the 2025 interim report containing all required information to be published on both websites, and Board members as of the announcement date are listed - This results announcement has been published on the **HKEX 'Disclosure of Interests' website** (http://www.hkexnews.hk) and the **company's website** (http://www.hbyc.com.cn)[60](index=60&type=chunk) - The 2025 interim report, containing all information required by the Listing Rules, will be published on the **company's website and the HKEX website**[60](index=60&type=chunk) - As of the announcement date, the Board members include Executive Directors Zhang Haijun, Wu Jinyu, Zhang Lihuan, Zhang Chao, and Ma Xuehui; Non-executive Director Zheng Zhixing; and Independent Non-executive Directors Ye Qizhi, Wang Fuji, and Zhang Liguo[61](index=61&type=chunk)
瑞迪智驱(301596.SZ):2025年中报净利润为5100.91万元、较去年同期上涨1.07%
Xin Lang Cai Jing· 2025-08-27 01:24
Group 1 - The company's total revenue for the first half of 2025 is 317 million yuan, an increase of 21.69 million yuan compared to the same period last year, representing a year-on-year growth of 7.34% [1] - The net profit attributable to shareholders is 51.01 million yuan, an increase of 5.39 million yuan compared to the same period last year, with a year-on-year growth of 1.07% [1] - The net cash inflow from operating activities is 64.36 million yuan, an increase of 13.56 million yuan compared to the same period last year, achieving a three-year consecutive increase and a year-on-year growth of 26.69% [1] Group 2 - The company's latest debt-to-asset ratio is 24.29%, a decrease of 1.49 percentage points compared to the same period last year [3] - The latest gross profit margin is 30.03%, an increase of 0.31 percentage points compared to the previous quarter [3] - The latest return on equity (ROE) is 5.99%, ranking 29th among disclosed peers [3] Group 3 - The diluted earnings per share are 0.93 yuan, ranking 6th among disclosed peers [4] - The latest total asset turnover ratio is 0.28 times, ranking 49th among disclosed peers [4] - The latest inventory turnover ratio is 1.56 times, an increase of 0.19 times compared to the same period last year, achieving a two-year consecutive increase and a year-on-year growth of 14.05% [4] Group 4 - The number of shareholders is 10,100, with the top ten shareholders holding 59.12 million shares, accounting for 76.61% of the total share capital [4] - The largest shareholder is Chengdu Ridi Machinery Industry Co., Ltd., holding 32.39% of the shares [4]