Financial Performance - Revenue increased by approximately 33.66% to approximately RMB 41.47 billion[2] - Gross profit increased by approximately 27.49% to approximately RMB 3.03 billion[2] - Profit attributable to owners of the company increased by approximately 20.86% to approximately RMB 918.21 million[6] - Basic earnings per share increased by approximately 20.85% to RMB 81.54[6] - For the six months ended June 30, 2023, total revenue reached RMB 41,471,150 thousand, a significant increase from RMB 31,026,206 thousand in the same period of 2022, representing a growth of approximately 33.7%[18] - The group's profit for the period was RMB 1,007,974 thousand, up from RMB 901,147 thousand, reflecting a growth of 11.8% year-over-year[25] - Other income for the reporting period was approximately RMB 792 million, a year-on-year increase of about 16.87%, mainly due to increased interest income[71] Assets and Liabilities - Total assets less current liabilities amounted to RMB 20.04 billion, compared to RMB 19.76 billion at the end of 2022[9] - Non-current assets increased to RMB 15.59 billion from RMB 13.60 billion[7] - Cash and cash equivalents increased to RMB 11.56 billion from RMB 7.55 billion[8] - Current liabilities increased to RMB 27.21 billion from RMB 20.37 billion[9] - Total assets as of June 30, 2023, were approximately RMB 47.257 billion, an increase of about 17.74% from December 31, 2022[74] - Total liabilities as of June 30, 2023, were approximately RMB 29.617 billion, an increase of about 28.94% from December 31, 2022[74] - The debt-to-asset ratio as of June 30, 2023, was approximately 23.98%, compared to 15.47% on December 31, 2022[76] Revenue Breakdown - Lead-acid battery products generated revenue of RMB 19,305,930 thousand, up from RMB 14,212,873 thousand, reflecting a growth of about 36.8% year-over-year[18] - The revenue from trading activities was RMB 19,829,727 thousand, compared to RMB 13,616,661 thousand in the previous year, marking an increase of approximately 45.5%[18] - Revenue from lithium battery products decreased to RMB 368,962 thousand from RMB 762,997 thousand, indicating a decline of around 51.6%[18] - Revenue from the domestic market in China was RMB 41,367,805 thousand, compared to RMB 30,815,846 thousand in the previous year, representing a growth of about 34.2%[18] - Total sales revenue for the group reached RMB 41,942,830 thousand, a 34.3% increase from RMB 31,293,014 thousand in the previous year[19] Research and Development - Research and development expenses increased to RMB 829.34 million from RMB 708.94 million[3] - The company is committed to technological innovation, having undertaken over 20 key national and provincial projects related to smart manufacturing[45] - The company aims to optimize its service ecosystem by developing cutting-edge battery technologies such as fuel cells, sodium-ion batteries, and solid-state batteries[44] Market Expansion and Operations - The company has established over 130 subsidiaries and its sales network covers nearly 50 countries and regions[45] - The company is actively expanding into new markets, with offices established in countries such as Vietnam and Thailand to enhance local operations[45] - The group has established over 3,000 offline distributors, covering more than 400,000 retail stores, enhancing long-term stable partnerships with downstream manufacturers[48] Dividend and Shareholder Information - The group declared a final dividend of HKD 0.40 per share, equivalent to RMB 35.52 cents, compared to RMB 34.15 cents in the previous year[26] - The company has a total of 33,390,000 share options exercisable as of June 30, 2023, down from 34,344,000 options as of June 30, 2022[40] Environmental and Circular Economy Initiatives - The lead-acid battery recycling sector generated operating revenue of approximately RMB 1.414 billion, with a recycling capacity of about 1 million tons per year[63][64] - The group has established over 600 battery recycling points across more than 10 provinces in China, enhancing its competitive advantage in the lead-acid battery recycling market[64] - The group received the "National Circular Economy Technology Center" certificate from the China Circular Economy Association in May 2023, highlighting its leadership in the circular economy[64] Corporate Governance - The company has maintained high standards of corporate governance and complied with the relevant listing rules[84] - The audit committee reviewed the interim performance and recommended the board to adopt the financial information[84] - The company’s interim financial information has been prepared in accordance with Hong Kong Accounting Standard 34 and reviewed by independent auditors[84]
天能动力(00819) - 2023 - 中期业绩