中集安瑞科(03899) - 2023 - 中期业绩

Financial Performance - Revenue for the six months ended June 30, 2023, was RMB 10,756,489 thousand, representing a 20.2% increase from RMB 8,948,693 thousand in the same period of 2022[2] - Net profit for the same period was RMB 570,032 thousand, up 25.7% from RMB 453,619 thousand year-on-year[2] - Earnings attributable to equity holders increased by 29.4% to RMB 568,673 thousand compared to RMB 439,315 thousand in the previous year[2] - Core profit reached RMB 625,944 thousand, reflecting a 17.7% growth from RMB 531,831 thousand in the prior period[2] - Basic earnings per share rose to RMB 0.283, a 29.2% increase from RMB 0.219 in the same period last year[2] - Gross profit margin improved to 16.5%, up 0.6 percentage points from 15.9% in the previous year[2] - The company reported a total comprehensive income of RMB 626,288 thousand for the period, compared to RMB 427,412 thousand in the same period of 2022[5] - Adjusted operating profit for the reportable segments was RMB 832,800 thousand, up 26% from RMB 660,527 thousand in the previous year[21] - The consolidated profit before tax for the six months ended June 30, 2023, was RMB 730,318 thousand, an increase of 24.8% from RMB 585,026 thousand in the previous year[22] Assets and Liabilities - Total assets as of June 30, 2023, amounted to RMB 23,584,562 thousand, compared to RMB 22,214,474 thousand at the end of 2022[6] - Total liabilities increased to RMB 13,776,258 thousand from RMB 12,686,967 thousand at the end of 2022[7] - Net assets grew to RMB 9,808,304 thousand, up from RMB 9,527,507 thousand at the end of the previous year[7] - Reportable segment assets increased to RMB 22,270,654 thousand as of June 30, 2023, compared to RMB 20,817,892 thousand as of December 31, 2022, reflecting a growth of 7%[24] - Reportable segment liabilities rose to RMB 11,154,060 thousand as of June 30, 2023, from RMB 10,389,208 thousand at the end of 2022, indicating an increase of 7.4%[25] Revenue Breakdown - Sales of goods amounted to RMB 7,446,467 thousand, up from RMB 6,704,100 thousand, reflecting a growth of 11.1% year-on-year[15] - Revenue from engineering project contracts was RMB 3,310,022 thousand, compared to RMB 2,244,593 thousand, representing a significant increase of 47.4%[15] - The clean energy segment reported a revenue increase of 34.4% to RMB 6,293,551,000, while the chemical environment segment saw a decline of 3.9% to RMB 2,450,832,000[41] - The liquid food segment's revenue rose by 17.3% to RMB 2,012,106,000 in H1 2023, compared to RMB 1,714,941,000 in H1 2022, making up 18.7% of total revenue[45] Costs and Expenses - Research and development costs for the six months ended June 30, 2023, were RMB 318,820 thousand, compared to RMB 217,949 thousand for the same period in 2022, representing a 46.3% increase[27] - Financing costs for the six months ended June 30, 2023, amounted to RMB 38,425 thousand, up from RMB 32,977 thousand in the same period of 2022, reflecting an increase of 16.7%[26] - The income tax expense for the six months ended June 30, 2023, was RMB 160,286 thousand, compared to RMB 131,407 thousand for the same period in 2022, indicating an increase of 22%[28] Market and Strategic Developments - The group is committed to expanding its market presence through strategic investments in clean energy and chemical environments, aligning with global sustainability trends[16] - The clean energy division aims to strengthen its international business and optimize the combination of key energy equipment and product operations[75] - The company is positioned to benefit from the growing demand for LNG and other clean energy equipment due to geopolitical influences and market changes[72] - The company anticipates a 5.5% to 7% year-on-year increase in China's natural gas consumption, projected to reach 385 billion to 390 billion cubic meters in 2023[72] Employee and Operational Metrics - As of June 30, 2023, the total number of employees was approximately 10,600, an increase from about 9,500 in the same period of 2022, with total employee costs reaching RMB 1,189,933,000, up from RMB 1,057,931,000 in 2022[62] - The group recorded cash inflow from operating activities of RMB 568,123,000, down from RMB 1,580,454,000 in the same period last year[56] - The group invested RMB 322,732,000 in capital expenditures in the first half of 2023, up from RMB 231,361,000 in the same period of 2022, aimed at enhancing capacity and new business development[61] Corporate Governance - As of June 30, 2023, the company has adhered to all corporate governance codes as per the Hong Kong Stock Exchange regulations[89] - The company’s audit committee has reviewed and discussed the unaudited financial reports for the period with management[89] - The mid-year report for 2023 will be sent to shareholders and published on the company's and the exchange's websites[90]