Financial Performance - For the six months ended June 30, 2023, the group's revenue was approximately RMB 4,437.54 million, an increase of 16.03% compared to the same period last year[2]. - For the same period, the net profit attributable to equity shareholders of the group was approximately RMB 1,817.97 million, a decrease of 25.17% year-on-year; the net profit from continuing operations attributable to equity shareholders was approximately RMB 548.70 million, an increase of 1.21%[2]. - Basic earnings per share for the six months ended June 30, 2023, was RMB 1.00[2]. - The group's gross profit for the period was RMB 1,180.80 million, compared to RMB 1,132.22 million in the previous year[4]. - The operating profit for the period was RMB 1,152.79 million, up from RMB 1,072.05 million year-on-year[4]. - The group's total comprehensive income for the period was RMB 1,721.01 million, compared to RMB 14,159.00 million in the previous year[8]. - The profit before tax for the period was RMB 2,065.34 million, down from RMB 2,680.87 million year-on-year[4]. - The company reported a decrease in profit from joint ventures, with a share of profit of RMB 1,269.26 million compared to RMB 1,887.42 million in the previous year[4]. - Total revenue for the six months ended June 30, 2023, was RMB 4,437,539 thousand, compared to RMB 4,152,385 thousand for the same period in 2022, representing an increase of approximately 6.9%[17]. - Revenue from waste disposal services was RMB 3,397,526 thousand for the six months ended June 30, 2023, up from RMB 3,054,303 thousand in the same period of 2022, reflecting a growth of about 11.3%[20]. - Revenue from energy-saving equipment sales reached RMB 848,406 thousand, an increase of 44.2% from RMB 588,811 thousand in the previous year[17]. - The revenue from port logistics services was RMB 109,122 thousand, slightly down from RMB 119,616 thousand in the same period last year, indicating a decrease of approximately 8.3%[17]. Assets and Liabilities - Non-current assets increased to RMB 69,900,967 thousand from RMB 66,016,132 thousand, reflecting a growth of approximately 4.4%[11]. - Current assets rose significantly to RMB 14,030,109 thousand, up from RMB 9,363,745 thousand, marking an increase of about 49.5%[12]. - Current liabilities increased to RMB 11,230,954 thousand from RMB 10,353,664 thousand, representing a rise of approximately 8.4%[13]. - The company's cash and cash equivalents surged to RMB 8,407,577 thousand, compared to RMB 4,361,637 thousand, indicating a growth of around 92.5%[13]. - The total assets minus current liabilities stood at RMB 72,700,122 thousand, up from RMB 65,026,213 thousand, reflecting an increase of about 11.5%[13]. - The company's goodwill increased to RMB 182,361 thousand from RMB 134,927 thousand, showing a growth of approximately 35.1%[11]. - The total equity attributable to shareholders increased to RMB 45,773,649 thousand from RMB 44,862,013 thousand, a rise of about 2%[13]. - The company’s non-current liabilities rose to RMB 24,418,216 thousand from RMB 17,853,809 thousand, indicating an increase of approximately 36.7%[13]. - The company’s total liabilities as of June 30, 2023, were RMB 35,649,170 thousand, compared to RMB 35,649,170 thousand in the previous year, indicating stable financial leverage[22]. Operational Highlights - The company has launched 126 projects across 25 provinces and autonomous regions in China, with an annual waste disposal capacity of approximately 2.1244 million tons (59,190 tons per day)[57]. - The group successfully signed contracts for two waste-to-energy projects in Yunnan Yuan Yang and Hubei Jing Shan, and an additional waste transfer project in Anhui Shi Tai[58]. - The group received approximately 7.558 million tons of municipal waste during the reporting period, representing a year-on-year increase of 35%[59]. - The group processed approximately 6.576 million tons of municipal waste, which is a year-on-year increase of 39%[59]. - The total electricity generated was approximately 2.154 billion kWh, reflecting a year-on-year growth of 33%[59]. - The average electricity generation per ton of waste processed was approximately 328 kWh[59]. - The group has a robust pipeline of waste-to-energy projects with significant processing capacities across various locations[60][61]. - The company is focusing on strategic acquisitions and expansions to strengthen its market position and operational efficiency[63]. - The completion of new facilities is expected to enhance the company's ability to meet growing market demand and improve profitability[64]. Research and Development - Research and development costs for the six months ended June 30, 2023, were RMB 33,706 thousand, compared to RMB 31,904 thousand for the same period in 2022, reflecting an increase of 5.6%[31]. - The company is committed to sustainable development and has been enhancing its operational efficiency through innovative marketing models and collaborations with industry leaders[56]. - The group plans to continue enhancing technology research and development, optimizing processes to improve efficiency and reduce energy consumption and emissions[105]. Corporate Governance - The board of directors confirmed that the company has adhered to the corporate governance code during the reporting period[107]. - The audit committee reviewed the unaudited interim results for the six months ending June 30, 2023, and found no disagreement with the accounting treatment adopted by the company[110]. - The interim results announcement will be available on the Hong Kong Stock Exchange and the company's website, with the interim report to be sent to shareholders later[111].
海螺创业(00586) - 2023 - 中期业绩