亨鑫科技(01085) - 2022 - 中期财报

Financial Highlights Key Financial Indicators The Group achieved significant growth in revenue, gross profit, and net profit for H1 2022 Comparison of Key Financial Data for H1 2022 | Indicator | H1 2022 (RMB million) | H1 2021 (RMB million) | Change (RMB million) | Growth Rate (%) | | :------------- | :-------------------------- | :-------------------------- | :------------------ | :--------- | | Revenue | 1,017.5 | 511.4 | 506.1 | 99.0 | | Gross Profit | 170.4 | 107.1 | 63.3 | 59.1 | | Profit Attributable to Equity Holders | 30.2 | 15.8 | 14.4 | 91.1 | | Basic Earnings Per Share | 0.078 | 0.041 | 0.037 | 90.2 | - No interim dividend is recommended for the six months ended June 30, 2022[2] Consolidated Financial Statements Consolidated Statement of Profit or Loss and Other Comprehensive Income The Group's consolidated statement for H1 2022 reflects significant growth in revenue, gross profit, and overall profitability Key Data from Consolidated Statement of Profit or Loss and Other Comprehensive Income (RMB thousand) | Indicator | H1 2022 | H1 2021 | | :------------------- | :----------- | :----------- | | Revenue | 1,017,542 | 511,401 | | Cost of sales | (847,122) | (404,272) | | Gross profit | 170,420 | 107,129 | | Other operating income | 14,599 | 16,131 | | Selling and distribution expenses | (59,559) | (45,226) | | Administrative expenses | (26,723) | (19,101) | | Research and development costs | (53,665) | (36,599) | | Other operating expenses | (9,079) | (3,984) | | Operating profit | 35,993 | 18,350 | | Interest expenses | (6,743) | (3,965) | | Profit before tax | 29,250 | 14,385 | | Income tax | (5,422) | (1,570) | | Profit for the period | 23,828 | 12,815 | | Profit attributable to equity holders of the Company | 30,214 | 15,844 | | Non-controlling interests | (6,386) | (3,029) | | Total comprehensive income for the period | 24,446 | 12,568 | | Basic earnings per share (RMB) | 0.078 | 0.041 | Consolidated Statement of Financial Position As of June 30, 2022, the Group's total assets and liabilities increased, with a slight rise in total equity attributable to equity holders Key Data from Consolidated Statement of Financial Position (RMB thousand) | Indicator | June 30, 2022 | December 31, 2021 | | :--------------- | :------------ | :------------- | | Assets | | | | Total non-current assets | 193,833 | 186,194 | | Total current assets | 2,383,328 | 2,291,260 | | Total assets | 2,577,161 | 2,477,454 | | Liabilities and Equity | | | | Total current liabilities | 752,700 | 677,528 | | Total non-current liabilities | 12,844 | 12,755 | | Total liabilities | 765,544 | 690,283 | | Total equity attributable to equity holders of the Company | 1,824,254 | 1,793,422 | | Non-controlling interests | (12,637) | (6,251) | | Total equity | 1,811,617 | 1,787,171 | Consolidated Statement of Changes in Equity Total equity attributable to equity holders increased in H1 2022, primarily due to profit for the period and other comprehensive income Changes in Total Equity Attributable to Equity Holders of the Company (RMB thousand) | Indicator | Balance as at January 1, 2022 | Profit for the period | Other comprehensive income for the period | Balance as at June 30, 2022 | | :------------------- | :--------------- | :------- | :--------------- | :---------------- | | Total equity attributable to equity holders of the Company | 1,793,422 | 30,214 | 618 | 1,824,254 | Notes to the Consolidated Financial Statements Corporate Information and Accounting Policies Hengxin Technology Ltd. is a Singapore-registered investment holding company listed on HKEX, specializing in communication technology products - The Company is incorporated in Singapore and listed on the Main Board of the Hong Kong Stock Exchange, with its principal place of business in Yixing City, Jiangsu Province, China[21] - The Group's principal activities include research, design, development, and manufacturing of communication technology products, as well as production of RF coaxial cables and switching equipment for mobile communication systems[21] - The financial statements are prepared in accordance with all applicable International Financial Reporting Standards (IFRS) and presented in RMB[22] Revenue and Segment Reporting The Group's main business involves manufacturing and selling RF coaxial cables, telecom equipment, and accessories, with all product lines showing significant revenue growth in H1 2022, primarily from the China market Revenue Breakdown In H1 2022, revenue from RF coaxial cables, telecom equipment and accessories, antennas, and other products all achieved significant growth, doubling total revenue year-on-year Revenue from Contracts with Customers by Major Product or Service Line (RMB thousand) | Product or Service Line | H1 2022 | H1 2021 | Change (RMB thousand) | Growth Rate (%) | | :------------- | :----------- | :----------- | :---------------- | :--------- | | RF coaxial cables | 484,119 | 281,772 | 202,347 | 71.8 | | Telecom equipment and accessories | 237,578 | 98,426 | 139,152 | 141.4 | | Antennas | 245,269 | 101,065 | 144,204 | 142.7 | | Others | 50,576 | 30,138 | 20,438 | 67.8 | | Total | 1,017,542| 511,401 | 506,141 | 99.0 | Segment Reporting The Group manages its business by product and geographical segments, with all reportable segments showing revenue growth in H1 2022, and the telecom equipment and accessories segment contributing the most to profit - The Group manages its business by business lines (products and services) and geographical segments, with key reportable segments including antennas, RF coaxial cables, and telecom equipment and accessories[26][27][28] Revenue from External Customers and Profit Before Tax by Reportable Segment (RMB thousand) | Segment | H1 2022 Revenue | H1 2022 Profit Before Tax | H1 2021 Revenue | H1 2021 Profit Before Tax | | :--------------- | :--------------- | :--------------------- | :--------------- | :--------------------- | | RF coaxial cables | 484,119