Revenue and Profitability - Revenue for the six months ended June 30, 2022, amounted to approximately RMB 923.2 million, representing an increase of approximately RMB 169.8 million or 22.5% compared to the same period in 2021[12]. - Gross profit for the same period was approximately RMB 262.3 million, reflecting an increase of approximately RMB 47.9 million or 22.3% compared to the prior year[13]. - Net profit for the six months ended June 30, 2022, was approximately RMB 84.3 million, which is an increase of approximately RMB 1.2 million or 1.4% compared to the same period in 2021[13]. - Profit attributable to owners of the parent for the period was RMB 79.9 million, compared to RMB 83.1 million in the same period of 2021[12]. - Basic and diluted earnings per share attributable to ordinary equity holders of the parent for the six months ended June 30, 2022, remained at RMB 0.08, unchanged from the same period in 2021[14]. - The Group's overall gross profit decreased by approximately 32.8% to approximately RMB 108.7 million, with a gross profit margin of approximately 22.9%[40][41]. - The gross profit margin for the Group was approximately 28.4%, slightly down from approximately 28.5% in the same period of 2021[67]. - The net profit margin of the Group was approximately 9.1%, down from approximately 11.0% in the same period of 2021[67]. Segment Performance - Battery materials accounted for approximately 27.2% of total revenue, significantly up from 3.1% in the same period of 2021, due to rapid growth in market demand for lithium battery products[24]. - The overall gross profit for the Group increased by approximately 22.3% to approximately RMB 262.3 million, driven by significant increases in sales volume and average sales price of iron phosphate, the Group's major battery material product[21]. - The gross profit margin for the battery materials segment increased by 63.5 percentage points to approximately 30.8%, compared to a negative gross profit margin of approximately 32.7% in the same period of 2021[30]. - Revenue from dye and agricultural chemical intermediates decreased by approximately 63.8% to approximately RMB 133.8 million due to prolonged production suspensions among downstream customers[34]. - The total revenue of the dye and agricultural chemical intermediates segment decreased by approximately 17.3% to approximately RMB474.5 million, accounting for about 51.4% of the Group's overall revenue[39][41]. - Revenue from agricultural chemical intermediates increased by approximately 66.6% to approximately RMB340.7 million compared to the same period in 2021[36][37]. - Gross profit for the dye intermediates decreased by approximately 68.2% to approximately RMB35.3 million, with a gross profit margin of approximately 26.4%[40][41]. - Gross profit for agricultural chemical intermediates increased by approximately 44.8% to approximately RMB73.4 million, with a gross profit margin of approximately 21.5%[40][41]. - Revenue from pigment intermediates increased by approximately 27.2% to approximately RMB197.9 million, accounting for approximately 21.4% of total revenue[43][44]. Cash Flow and Financial Position - Net cash inflows from operating activities were approximately RMB 106.6 million, an increase of approximately RMB 40.2 million compared to RMB 66.4 million in the same period in 2021[78]. - Net cash outflows from investing activities increased to approximately RMB 113.9 million from approximately RMB 25.7 million in the same period in 2021, mainly due to payments for the construction of a new production line[79]. - Net cash outflows from financing activities were approximately RMB 97.7 million, an increase of approximately RMB 60.2 million compared to RMB 37.5 million in the same period in 2021, primarily due to dividend payments[82]. - As of June 30, 2022, the Group had cash and cash equivalents of approximately RMB 74.0 million, down from approximately RMB 180.1 million as of December 31, 2021[85]. - Total current assets decreased to approximately RMB709.0 million as of June 30, 2022, from approximately RMB912.5 million as of December 31, 2021[96]. - Total current liabilities amounted to approximately RMB594.7 million as of June 30, 2022, compared to approximately RMB637.1 million as of December 31, 2021[100]. - The Group's liquidity position is monitored closely to ensure it meets funding requirements, maintaining a prudent financial management approach[84]. Administrative and Operational Expenses - Selling and distribution expenses amounted to approximately RMB28.5 million, representing an increase of approximately RMB1.2 million compared to the same period in 2021, and accounted for approximately 3.1% of the Group's revenue[67]. - Administrative expenses increased to approximately RMB102.9 million, up by approximately RMB35.7 million compared to RMB67.2 million in the same period of 2021, primarily due to extended production suspension caused by the COVID-19 pandemic[69]. - For the six months ended June 30, 2022, the total staff costs amounted to approximately RMB 88.4 million, an increase from approximately RMB 63.0 million for the same period in 2021, primarily due to higher employee remuneration and the addition of staff for the iron phosphate production line[117][120]. Corporate Governance and Compliance - The Company has complied with all provisions of the Corporate Governance Code except for the separation of the roles of chairman and CEO, which are held by the same individual[132]. - The company has adopted the Model Code for Directors' securities transactions, confirming compliance by all directors for the six months ended June 30, 2022[139]. - The Audit Committee consists of three independent non-executive directors, ensuring effective oversight of financial reporting[139]. - The company will continue to review and monitor its corporate governance practices to ensure compliance with the Corporate Governance Code[135]. Shareholder Information - As of June 30, 2022, the total number of issued shares was 1,021,227,500[147]. - Director GE Yi holds 133,337,750 shares, representing approximately 13.06% of the total shareholding[147]. - GE Yi is also deemed to be interested in an additional 400,013,250 shares, representing approximately 39.17% of the total shareholding due to a voting right transfer agreement[150]. - The total amount of interim dividend payable is approximately RMB 36,689,000 based on the total number of shares of 1,019,132,500 as of the report date[125][127]. - The company repurchased a total of 2,095,000 shares at a total consideration of HK$2,849,835 during the six months ended June 30, 2022[174].
彩客新能源(01986) - 2022 - 中期财报