Financial Performance - Revenue for the six months ended June 30, 2024, was approximately RMB 1,115.5 million, an increase of 2.0% compared to the same period last year, primarily due to increased operating service revenue[1] - Gross profit was RMB 544.5 million, slightly down from RMB 544.8 million in the same period last year, with a gross profit margin decreasing by 1 percentage point to 48.8% due to increased operating costs[1] - Profit attributable to equity holders of the parent company was RMB 108.6 million, a significant increase of 32.8% compared to RMB 81.8 million in the same period last year, mainly due to reduced financing costs and administrative expenses[1] - Basic and diluted earnings per share attributable to ordinary equity holders of the parent company were RMB 5.08, a substantial increase of 33.0% from RMB 3.82 in the same period last year[1] - Total revenue for the first half of 2024 reached RMB 1,115,511,000, an increase from RMB 1,093,082,000 in the same period of 2023, representing a growth of approximately 2.05%[13] - The operating profit for the first half of 2024 was RMB 153,297,000, compared to RMB 131,328,000 in the first half of 2023, indicating a year-over-year increase of about 16.7%[15] - The pre-tax profit for the six months ended June 30, 2024, was RMB 108,597,000, compared to RMB 81,801,000 in 2023, reflecting an increase of approximately 32.7%[24] - The income tax expense for the six months ended June 30, 2024, was RMB 47,198,000, slightly up from RMB 46,610,000 in 2023, indicating an increase of about 1.3%[23] - The company reported a total operating cost of RMB 571,040,000 for the six months ended June 30, 2024, compared to RMB 548,257,000 in 2023, which is an increase of approximately 4.1%[22] Cash Flow and Liquidity - Net cash inflow from operating activities reached RMB 160.9 million, an increase from RMB 150.9 million in the same period last year, marking the highest mid-year level since 2017[1] - Operating cash flow recorded a net inflow of RMB 160.9 million, the highest mid-year level since 2017[32] - The group reported a net cash inflow from investment activities of RMB 178.8 million[57] - The net cash inflow from operating activities was RMB 160.9 million, while the net cash outflow from financing activities was RMB 287.6 million[57] - The increase in cash and cash equivalents was primarily due to higher cash inflows from operating and investment activities[56] Assets and Liabilities - As of June 30, 2024, the total value of non-current assets is CNY 12,512,185, a decrease from CNY 12,615,934 as of December 31, 2023, representing a decline of approximately 0.82%[4] - Current assets total CNY 6,700,437, an increase from CNY 6,611,428 as of December 31, 2023, reflecting a growth of about 1.35%[5] - The total liabilities amount to CNY 13,587,384, which is an increase from CNY 13,455,913 as of December 31, 2023, indicating a rise of approximately 0.98%[5] - The total equity attributable to the parent company is CNY 5,831,204, compared to CNY 5,711,789 as of December 31, 2023, marking an increase of about 2.10%[5] - The total assets as of June 30, 2024, amounted to RMB 19,212,622,000, up from RMB 19,227,362,000 as of December 31, 2023, showing a slight decrease of 0.08%[14] - The total liabilities for the company were RMB 13,301,916,000 as of June 30, 2024, compared to RMB 13,377,330,000 at the end of 2023, reflecting a reduction of approximately 0.56%[16] Segment Performance - The group operates through three main business segments: Urban Water Services, Water Environment Integrated Management, and Rural Wastewater Management, each representing a strategic business unit[11] - The company reported a segment profit of RMB 279,804,000 for the first half of 2024, compared to RMB 255,044,000 in the same period of 2023, marking an increase of approximately 9.7%[15] - The total revenue from external customers in the urban water segment was RMB 1,077,593,000 for the first half of 2024, compared to RMB 1,036,083,000 in the same period of 2023, reflecting an increase of approximately 4%[15] - The total operating revenue for urban water services for the six-month period was RMB 621.7 million, a 4% increase from RMB 599.3 million in the same period last year, primarily due to increased wastewater treatment capacity and operational projects[39] Governance and Compliance - The board of directors does not recommend the payment of an interim dividend for the six months ended June 30, 2024[1] - The audit committee reviewed the group's unaudited interim results for the six months ended June 30, 2024[69] - The company has adhered to corporate governance principles and standards, enhancing budget, risk, performance, and accountability controls[67] - The company emphasizes transparency by making financial documents accessible to the public[72] - The announcement reflects the company's ongoing efforts to engage with investors and maintain corporate governance standards[72] Future Outlook - The group plans to enhance profitability through further expansion of the urban water treatment industry chain[36] - The group is committed to improving operational efficiency while controlling operational costs to contribute to the national ecological environment quality[34] - The group will actively seek diverse solutions to strengthen cash flow from operations, particularly focusing on accounts receivable[34] - The group is optimistic about the future profitability and aims to enhance its profitability and efficiency further[35]
康达环保(06136) - 2024 - 中期业绩