海天国际(01882) - 2025 - 中期业绩

Financial Performance - For the six months ended June 30, 2025, the company's revenue reached RMB 9,018.3 million, an increase of 12.5% compared to RMB 8,017.8 million in the same period of 2024[3] - The gross profit for the same period was RMB 2,960.2 million, with a gross margin of 32.8%, up from 32.3% in the first half of 2024[4] - The profit attributable to shareholders for the six months ended June 30, 2025, increased to RMB 1,711.5 million, a rise of 12.6% from RMB 1,520.6 million in the prior year[4] - Basic earnings per share for the reporting period were RMB 1.07, reflecting a 12.6% increase from RMB 0.95 in the same period last year[4] - The company reported a profit of CNY 1,711,509 thousand for the six months ended June 30, 2025, up from CNY 1,520,630 thousand in 2024, a growth of 12.5%[10] - Net profit attributable to shareholders for the first half of 2025 was RMB 1,711.5 million, up 12.6% from RMB 1,520.6 million in the same period of 2024[31] Cash and Assets - The company reported a net cash position, including financial products, of RMB 10,923 million as of June 30, 2025, compared to RMB 11,090 million as of December 31, 2024[4] - Cash and cash equivalents decreased to CNY 2,528,583 thousand at the end of June 2025 from CNY 2,745,387 thousand at the end of December 2024, a decline of 7.9%[12] - The company held financial assets measured at fair value amounting to approximately RMB 6,979.3 million as of June 30, 2025, slightly up from RMB 6,971.5 million at the end of 2024[27] - Total assets increased to CNY 33,668,216 thousand in 2025 from CNY 31,145,511 thousand in 2024, representing a growth of 8.1%[8] - Non-current assets rose to CNY 19,950,279 thousand in 2025, up from CNY 18,033,796 thousand in 2024, an increase of 10.6%[8] - Current assets reached CNY 13,717,297 thousand in 2025, compared to CNY 13,111,715 thousand in 2024, reflecting a growth of 4.6%[8] Liabilities and Equity - Total liabilities increased to CNY 12,018,685 thousand in 2025 from CNY 10,276,036 thousand in 2024, marking a rise of 17.0%[9] - The total equity attributable to shareholders increased to CNY 21,626,077 thousand in 2025 from CNY 20,845,030 thousand in 2024, reflecting a growth of 3.7%[10] - The company’s retained earnings reached CNY 17,653,970 thousand in 2025, up from CNY 17,017,154 thousand in 2024, an increase of 3.7%[10] Sales and Revenue Breakdown - Revenue from the sales of injection molding machines and related products reached RMB 9,018,279,000 for the six months ended June 30, 2025, compared to RMB 8,017,811,000 for the same period in 2024, representing an increase of approximately 12.5%[18] - Sales from mainland China amounted to RMB 5,200,565,000, while sales from Hong Kong and overseas countries reached RMB 3,817,714,000, indicating a growth of 34.7% in overseas sales compared to RMB 2,835,265,000 in 2024[19] - Domestic sales amounted to RMB 5,200.6 million, accounting for 57.7% of total sales, while overseas sales reached RMB 3,817.7 million, representing a 34.7% increase year-on-year[33] - Approximately 42.3% of the group's sales were generated from overseas markets during the reporting period, with sales denominated in USD or other foreign currencies[50] Operational Efficiency - The company emphasized its focus on operational flexibility and efficiency, which contributed to strong working capital management[4] - Sales and administrative expenses rose by 17.0% to RMB 1,336.1 million in the first half of 2025, primarily due to increased sales commissions, R&D expenses, and labor costs[41] - The company aims to create value for customers through improved product quality and service, while focusing on standardized production of components to become a leader in various fields[38] Dividends and Shareholder Returns - The board of directors decided not to declare an interim dividend for the reporting period, pending a review of the full-year performance[4] - The company decided not to declare an interim dividend for this period, with the board considering dividend distribution based on full-year performance[31] - The company paid dividends of CNY 1,074,693 thousand to shareholders for the second interim period of 2024, compared to CNY 957,735 thousand in 2023, an increase of 12.2%[12] Tax and Financing - The income tax expense for the six months ended June 30, 2025, was RMB 369,521,000, compared to RMB 333,343,000 in 2024, reflecting an increase of approximately 10.8%[22] - The effective tax rate for the first half of 2025 was 17.7%, slightly lower than 18.0% in the same period of 2024[44] - Net financing income for the period was RMB 80,089,000, a decrease from RMB 98,859,000 in the previous year, primarily due to lower interest income from restricted bank deposits and term deposits[22] Capital Expenditure and Investments - Capital expenditure for the first half of 2025 reached RMB 632.6 million, compared to RMB 583.8 million in the first half of 2024[48] - The company plans to enhance its global investment layout and strengthen local supply chains through increased investment in overseas factories, particularly in Japan, Serbia, and India, which are expected to be operational in the second half of 2025[38] Employee and Workforce - The group employed approximately 8,320 employees as of June 30, 2025, primarily located in mainland China[52]