S佳通(600182) - 2025 Q2 - 季度财报

Section I Definitions Definitions of Common Terms This section defines key terms, company entities, tire product types, and quality/safety certifications to ensure clear understanding of the report - The report defines entities such as the company, its subsidiary (Fujian Giti), and controlling shareholder (Giti Investment)[12] - Multiple tire product types are explained, including Passenger Car Radial (PCR), Sport Utility Vehicle (SUV), Light Truck Radial (LTR), and Truck and Bus Radial (TBR) tires[12] - Several important domestic and international quality and safety certification standards are listed, such as IATF16949 (automotive quality management), DOT (US Department of Transportation safety standard), INMETRO (Brazilian national accreditation standard), EMark (European common market regulation), CCC (China Compulsory Product Certification), and TUV (German safety certification mark)[12] - Definitions also include Environmental Management System (ISO14001) and Occupational Health and Safety Management System (ISO45001)[12] Section II Company Profile and Key Financial Indicators 1. Company Information This section provides basic company information, including its Chinese and English names, abbreviations, and legal representative - The company's Chinese name is Giti Tire Corporation, abbreviated as Giti Tire[14] - The company's English name is GITI TIRE CORPORATION, abbreviated as GITI TIRE CORP[14] - The company's legal representative is Li Huaijing[14] 2. Contact Persons and Information This section provides contact details for the Board Secretary and Securities Affairs Representative, facilitating communication with stakeholders - The Board Secretary is Ren Deyuan, with a contact address at No. 280-2 Linhong Road, Changning District, Shanghai[15] - Contact phone is 021-22073132, fax is 021-22073002, and email is giticorp@giti.com[15] 3. Overview of Basic Information Changes This section details the company's registered and office addresses, confirming no changes during the reporting period - The company's registered address is Hualin Town, Mudanjiang City, Heilongjiang Province, and its office address is No. 280-2 Linhong Road, Changning District, Shanghai[16] - There were no historical changes to the company's registered and office addresses during the reporting period[16] 4. Overview of Information Disclosure and Document Custody Location Changes This section outlines the company's information disclosure channels and document custody locations, confirming no changes in the reporting period - The company's designated newspapers for information disclosure are China Securities Journal, Shanghai Securities News, and Securities Times[17] - The website address for publishing semi-annual reports is www.sse.com.cn[17](index=17&type=chunk) - The company's semi-annual report is available at the company's Board Office and Shanghai Stock Exchange[17] - There were no changes in information disclosure and document custody locations during the reporting period[17] 5. Company Stock Profile This section provides basic stock information, including type, listing exchange, abbreviation, code, and previous abbreviation - The company's stock type is A-shares, listed on the Shanghai Stock Exchange[18] - The stock abbreviation is S Giti, stock code is 600182, and the previous abbreviation was S*ST Giti[18] 7. Key Accounting Data and Financial Indicators This section presents key H1 2025 financial data, showing revenue growth but significant declines in profit, net income, and operating cash flow 2025 H1 Key Accounting Data (Consolidated Statements) | Indicator | Current Period (Jan-Jun) Amount (RMB) | Prior Year Period Amount (RMB) | Current Period vs. Prior Year Period Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 2,287,260,118.15 | 2,183,151,929.73 | 4.77 | | Total Profit | 152,069,018.77 | 234,382,870.68 | -35.12 | | Net Profit Attributable to Listed Company Shareholders | 56,768,158.98 | 89,803,218.26 | -36.79 | | Net Profit Attributable to Listed Company Shareholders Excluding Non-recurring Gains and Losses | 56,346,691.59 | 89,603,000.57 | -37.12 | | Net Cash Flow from Operating Activities | 231,540,464.31 | 376,918,887.32 | -38.57 | | Period-end Indicators | Current Period-end Amount (RMB) | Prior Year-end Amount (RMB) | Current Period-end vs. Prior Year-end Change (%) | | Net Assets Attributable to Listed Company Shareholders | 1,062,430,144.87 | 1,206,261,985.89 | -11.92 | | Total Assets | 4,529,736,457.05 | 4,343,578,723.02 | 4.29 | 2025 H1 Key Financial Indicators (Consolidated Statements) | Key Financial Indicator | Current Period (Jan-Jun) | Prior Year Period | Current Period vs. Prior Year Period Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (RMB/share) | 0.1670 | 0.2641 | -36.77 | | Diluted Earnings Per Share (RMB/share) | 0.1670 | 0.2641 | -36.77 | | Basic Earnings Per Share Excluding Non-recurring Gains and Losses (RMB/share) | 0.1657 | 0.2635 | -37.12 | | Weighted Average Return on Net Assets (%) | 4.73 | 7.20 | Decreased by 2.47 percentage points | | Weighted Average Return on Net Assets Excluding Non-recurring Gains and Losses (%) | 4.69 | 7.18 | Decreased by 2.49 percentage points | 2025 H1 Non-recurring Gains and Losses Items and Amounts | Non-recurring Gains and Losses Item | Amount (RMB) | | :--- | :--- | | Gains and losses from disposal of non-current assets | 3,418.80 | | Government grants recognized in current profit or loss | 350,004.10 | | Other non-operating income and expenses apart from the above | 597,472.71 | | Less: Income tax impact | 214,343.41 | | Impact on minority interests (after tax) | 315,084.81 | | Total | 421,467.39 | Section III Management Discussion and Analysis 1. Industry and Main Business Overview During the Reporting Period The company operates in the rubber products industry, producing and selling automotive tires. H1 2025 saw economic growth and increased auto sales, but the tire sector faces intense competition, volatile raw material prices, and trade barriers - The company's main business is the production and sale of automotive tires, covering semi-steel radial and all-steel radial tires, with Fujian Giti Tire Co., Ltd. as its production base[24] - The company adopts a multi-brand development strategy, selling through Giti Group's global sales network, including both original equipment and replacement markets[24] - In H1 2025, China's GDP grew by 5.3%, with automotive sales reaching 15.653 million units, a 11.4% year-on-year increase, and new energy vehicle sales growing by 40.3%[24] - In the first half, China's total rubber tire outer casing output increased by 2.0% year-on-year, with exports accounting for 59% of total output, but export growth significantly slowed[25] - The tire industry faces intense competition, volatile prices for key raw materials like natural rubber, increasing international trade barriers, and weak global economic growth momentum, leading to significant cost pressures for enterprises[25] 2. Discussion and Analysis of Operations H1 2025 saw