海天国际(01882) - 2022 - 中期财报

Financial Performance - For the six months ended June 30, 2022, the company's revenue was RMB 6,509.6 million, a decrease of 20.9% compared to RMB 8,225.8 million in the same period of 2021[3]. - Gross profit for the same period was RMB 2,000.2 million, down 24.8% from RMB 2,659.2 million year-on-year, resulting in a gross margin of 30.7%, a decline of 1.6 percentage points from 32.3% in the first half of 2021[4]. - The net profit attributable to shareholders was RMB 1,172.3 million, a decrease of 26.0% from RMB 1,583.8 million in the previous year, with a net profit margin of 18.0%, down 1.2 percentage points year-on-year[9]. - Basic earnings per share for the reporting period were RMB 0.73, a decrease of 26.0% compared to RMB 0.99 in the same period of 2021[4]. - Operating profit decreased to RMB 1,354,593, representing a decline of 27.2% from RMB 1,863,677 in 2021[35]. - Total comprehensive income for the period was RMB 1,206,157, compared to RMB 1,561,834 in 2021, reflecting a decrease of 22.7%[36]. - The company reported a profit of RMB 1,172,258,000 for the six months ended June 30, 2022, down from RMB 1,583,757,000 in the same period of the previous year, reflecting a decline of 26.0%[40]. Sales Performance - Domestic sales amounted to RMB 4,213.3 million, representing 64.7% of total sales, a decline of 26.3% year-on-year, while overseas sales were RMB 2,296.3 million, accounting for 35.3%, down 8.3% year-on-year[10]. - The Mars series (energy-saving injection molding machines) achieved sales of RMB 4,005.8 million, down 30.8% year-on-year[12]. - The Jupiter series (two-plate injection molding machines) saw a year-on-year increase of 29.8%, with sales reaching RMB 1,156.6 million[12]. - Sales in mainland China amounted to RMB 4,213,255,000, down 26.3% from RMB 5,720,252,000 in the previous year[47]. Cash Flow and Liquidity - Cash generated from operating activities was RMB 811.0 million, down from RMB 1,478.8 million in the first half of 2021, with net cash (including financial products) at RMB 9,585.2 million as of June 30, 2022[4]. - The net cash flow from operating activities for the six months ended June 30, 2022, was RMB 810,961,000, a decrease of 45.1% compared to RMB 1,478,779,000 for the same period in 2021[41]. - The net cash used in investing activities was RMB 122,998,000 for the six months ended June 30, 2022, compared to RMB 628,151,000 in the previous year, indicating a significant reduction in investment outflows[41]. - The net cash flow from financing activities was RMB (1,168,532,000) for the six months ended June 30, 2022, compared to RMB (1,832,590,000) in 2021, reflecting a decrease in cash outflows related to financing[41]. Dividends and Shareholder Returns - The company decided not to declare an interim dividend for the reporting period, with the board considering dividend distribution after reviewing the full-year results[4]. - The company did not declare any dividends for the period, consistent with the previous year[35]. - The company declared dividends amounting to RMB 1,233,292,000 for the second interim period of 2021, which is a decrease from RMB 1,871,243,000 in the previous year[41]. Operational Challenges - The company faced significant impacts from domestic pandemic control measures, particularly in East China, affecting overall sales performance[10]. - The board emphasized the importance of operational flexibility and high efficiency in managing working capital[4]. Capital Expenditure and Investments - The group's capital expenditure for the first half of 2022 reached RMB 636.3 million, an increase of 39.4% compared to RMB 456.4 million in the same period of 2021[21]. - The company’s capital expenditure for property, plant, and equipment was RMB 615,680,000, an increase from RMB 456,389,000 in the previous year[53]. - The group had no specific future plans for significant investments or capital assets as of June 30, 2022[30]. Assets and Liabilities - Total assets as of June 30, 2022, amounted to RMB 16,487,987, a slight increase from RMB 17,751,039 at the end of 2021[38]. - Total liabilities decreased to RMB 9,004,037 from RMB 10,218,305 at the end of 2021, indicating a reduction of 11.9%[39]. - Cash and cash equivalents were RMB 3,112,053, down from RMB 3,592,622 at the end of 2021, a decrease of 13.4%[38]. - Inventory increased to RMB 3,092,713, up from RMB 3,009,566 in the previous year, reflecting a growth of 2.8%[38]. Employee and Management Information - The group employed approximately 7,100 people as of June 30, 2022, with a focus on competitive compensation and a culture of learning[24]. - The total remuneration for key management personnel for the six months ended June 30, 2022, was 5,864 thousand RMB, an increase from 4,785 thousand RMB in the same period of 2021, representing a growth of approximately 22.6%[66]. Corporate Governance - The group maintained compliance with all applicable corporate governance codes during the reporting period[31]. - The board confirmed adherence to the standards set forth in the code of conduct for securities trading during the reporting period[32].