Financial Performance - For the six months ended June 30, 2024, the company's revenue was approximately RMB 1,005.0 million, an increase of about RMB 8.6 million or approximately 0.9% compared to the same period in 2023[1]. - The gross profit for the same period decreased to approximately RMB 145.4 million, a decline of about RMB 30.8 million or approximately 17.5% year-on-year[1]. - The net profit for the six months ended June 30, 2024, was approximately RMB 23.5 million, a decrease of about RMB 19.5 million or approximately 45.3% compared to the previous year[1]. - Basic and diluted earnings per share attributable to ordinary equity holders of the parent were RMB 0.02, a decrease of about RMB 0.01 or approximately 33.3% from the same period in 2023[1]. - The total comprehensive income for the period was RMB 24.7 million, down from RMB 45.9 million in the previous year[2]. - The overall gross margin declined by approximately 3.2 percentage points to about 14.5%, compared to 17.7% for the six months ended June 30, 2023[48]. - The profit attributable to equity holders of the parent company decreased by approximately 52.6% to about RMB 15.6 million, compared to RMB 32.9 million for the six months ended June 30, 2023[49]. Revenue Breakdown - The battery materials segment reported external customer revenue of RMB 281,949,000, up from RMB 217,966,000 in the previous year, reflecting a significant increase of 29.3%[13]. - Revenue from the dye and agricultural chemical intermediates segment decreased by approximately 14.2% to about RMB 502.5 million, compared to RMB 585.4 million for the same period in 2023[51]. - Revenue from the pigment intermediates and new materials segment increased by approximately 14.3% to about RMB 220.6 million, compared to RMB 193.0 million for the same period in 2023[53]. - Revenue from battery materials was RMB 281.9 million, while revenue from agricultural chemical intermediates was RMB 502.5 million, and revenue from pigment intermediates and new materials was RMB 220.6 million[48]. Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2024, was RMB 35,167,000, slightly up from RMB 34,680,000 in the same period last year, representing a 1.4% increase[5]. - The net cash used in investing activities for the first half of 2024 was RMB 10,758,000, a substantial improvement from RMB 80,800,000 in the same period of 2023[5]. - Financing activities resulted in a net cash outflow of RMB 134,311,000 for the first half of 2024, compared to a net inflow of RMB 271,411,000 in the same period last year[5]. - The net cash outflow from investing activities was approximately RMB 10.8 million, a decrease of about RMB 70.0 million from RMB 80.8 million in the same period of 2023[65]. Assets and Liabilities - Non-current assets totaled RMB 1,973.3 million as of June 30, 2024, compared to RMB 1,986.2 million as of December 31, 2023[3]. - Current assets amounted to RMB 1,453.5 million, slightly down from RMB 1,467.5 million at the end of 2023[4]. - Current liabilities totaled RMB 1,139.1 million, showing a slight decrease from RMB 1,140.2 million at the end of the previous year[4]. - The company's total equity was RMB 2,026.8 million, down from RMB 2,054.8 million as of December 31, 2023[4]. - The total assets of the group as of June 30, 2024, were RMB 3,426,755 thousand, an increase from RMB 3,453,696 thousand as of December 31, 2023, reflecting a decrease of approximately 0.8%[14]. - The total liabilities of the group as of June 30, 2024, were RMB 1,399,996 thousand, which is relatively stable compared to RMB 1,398,865 thousand as of December 31, 2023[14]. Dividends and Shareholder Returns - The company declared an interim dividend of RMB 0.005 per share and a special dividend of RMB 0.025 per share for the six months ended June 30, 2024[1]. - The total amount for the interim and special dividends is approximately RMB 4.93 million and RMB 24.64 million, respectively, based on 985,401,000 shares issued[86]. Operational Efficiency - Sales and distribution expenses decreased to approximately RMB 18.9 million, accounting for 1.9% of total revenue, down from 2.4% in the same period last year[60]. - Administrative expenses were approximately RMB 74.7 million, a decrease of about RMB 14.3 million, representing 7.4% of total revenue, down from 8.9% year-on-year[61]. - The company plans to enhance R&D investment and improve safety production management to maintain competitive advantages across its product segments[57]. Employee and Management - The total employee cost was approximately RMB 111.6 million, an increase from RMB 98.7 million for the same period in 2023, primarily due to an increase in employee numbers to enhance production capacity[84]. - The total number of employees increased to 2,117 as of June 30, 2024, compared to 2,031 a year earlier[84]. Compliance and Governance - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited interim financial statements for the six months ending June 30, 2024[92]. - The independent auditor, Ernst & Young, conducted a review of the interim financial information in accordance with Hong Kong Review Standards[92]. - The interim results announcement will be published on the Hong Kong Stock Exchange and the company's website, containing all required information as per listing rules[93].
彩客新能源(01986) - 2024 - 中期业绩