Revenue and Profitability - Revenue for the six months ended June 30, 2022, was RMB 1,028,266 thousand, an increase of 8.0% compared to RMB 952,165 thousand for the same period in 2021[8] - Net profit for the six months ended June 30, 2022, was RMB 75,711 thousand, a decrease of 22.7% from RMB 97,943 thousand in 2021[10] - Basic earnings per share for the period was RMB 0.0874, compared to RMB 0.0980 in the previous year[10] - The company reported a decrease in profit before tax of 31.8%, from RMB 121,105 thousand in 2021 to RMB 82,620 thousand in 2022[117] - The company's pre-tax profit before income tax expenses was RMB 70,912,000, a decrease of 11.5% compared to RMB 79,447,000 in the previous year[166] Costs and Expenses - Gross profit for the same period was RMB 230,211 thousand, down 12.0% from RMB 261,745 thousand in 2021[8] - The company reported a financial cost of RMB 76,951 thousand, which increased from RMB 50,143 thousand in 2021[8] - The financial costs increased by 53.5%, rising from RMB 50,143 thousand in 2021 to RMB 76,951 thousand in 2022[117] - Interest expenses on bank loans increased to RMB 73,125,000 from RMB 50,034,000, representing a rise of 46.1%[155] - The cost of goods sold for the period was RMB 798,055,000, up from RMB 690,420,000, reflecting a year-over-year increase of 15.6%[156] Assets and Liabilities - The company’s total assets as of June 30, 2022, were RMB 1,500,000 thousand, reflecting growth from the previous year[12] - Total assets increased to RMB 5,758,976 thousand, up from RMB 5,320,843 thousand, representing a growth of 8.2%[13] - Current assets totaled RMB 5,040,850 thousand, compared to RMB 4,764,663 thousand, reflecting an increase of 5.8%[13] - Current liabilities totaled RMB 3,233,038 thousand, compared to RMB 3,040,656 thousand, indicating an increase of 6.3%[13] - Non-current liabilities amounted to RMB 283,362 thousand, up from RMB 110,759 thousand, representing a significant increase of 155.5%[16] - The total liabilities increased to RMB 3,516,400 thousand as of June 30, 2022, compared to RMB 3,151,415 thousand at the end of 2021, indicating a rise of about 11.6%[134] Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2022, was RMB 194,993 thousand, a significant improvement from a cash outflow of RMB 536,354 thousand in the same period of 2021[117] - The net cash used in investing activities was RMB 131,343 thousand, compared to RMB 20,217 thousand in the previous year, indicating increased investment outflows[119] - The company’s financing activities resulted in a net cash outflow of RMB 89,131 thousand, compared to RMB 25,464 thousand in the same period of 2021[119] Inventory and Receivables - Trade receivables and receivables from guarantees rose to RMB 1,663,166 thousand, a 25.4% increase from RMB 1,326,654 thousand[13] - Inventory increased to RMB 662,601 thousand, up from RMB 602,799 thousand, marking a growth of 9.9%[13] - Trade receivables increased to RMB 1,578,014,000 as of June 30, 2022, from RMB 1,218,915,000 as of December 31, 2021, marking a significant increase of 29.5%[188] Government Grants and Other Income - The company received government grants totaling RMB 4,543 thousand during the first half of 2022[135] - Other comprehensive income for the period included a foreign exchange loss of RMB 2,563 thousand, compared to a loss of RMB 11,059 thousand in 2021[10] Segment Performance - The segment profit before tax for the cable segment was RMB 58,640 thousand, while the prestressed steel segment reported a profit of RMB 51,850 thousand, leading to a total segment profit of RMB 110,490 thousand for the first half of 2022[129] - The company reported a total segment loss of RMB 27,870 thousand in unallocated items for the first half of 2022[129] Share of Associates - The net asset value attributable to the company's share of interests in associates was RMB 185,936,000 as of June 30, 2022, compared to RMB 193,494,000 at the end of the previous year[175] - The group's share of the profit from Shanghai Pushi Medical Technology Co., Ltd. was RMB 1,269,000 for the six months ended June 30, 2022, down 72% from RMB 4,537,000 in the same period of 2021[182] Capital Expenditures - Capital expenditures for property, plant, and equipment were approximately RMB 146,982,000, significantly higher than RMB 31,858,000 in the same period last year[171]
浦江国际(02060) - 2022 - 中期财报