Financial Performance - The group's revenue for the six months ended June 30, 2023, was RMB 2.232 billion, a decrease of 27.7% compared to RMB 3.086 billion for the same period in 2022[9]. - Gross profit for the same period was RMB 503.783 million, down 21.2% from RMB 639.493 million in 2022[9]. - Operating profit decreased to RMB 311.577 million, compared to RMB 416.255 million in the previous year, reflecting a decline of 25.1%[9]. - The net profit for the period was RMB 60.730 million, a significant drop of 65.6% from RMB 176.294 million in 2022[9]. - For the six months ended June 30, 2023, total revenue was RMB 2,231,691 thousand, compared to RMB 3,085,905 thousand for the same period in 2022, representing a decrease of approximately 27.7%[45]. - Gross profit for the six months ended June 30, 2023, was RMB 503,783 thousand, down from RMB 639,493 thousand in the same period of 2022, indicating a decline of about 21.2%[45]. - The basic earnings per share for the six months ended June 30, 2023, was RMB 0.009, compared to RMB 0.055 for the same period in 2022, reflecting a decrease of approximately 83.6%[56]. - The company reported a tax expense of RMB 19,262 thousand for the six months ended June 30, 2023, down from RMB 39,635 thousand in the same period of 2022, a reduction of about 51.4%[49]. Assets and Liabilities - Total assets as of June 30, 2023, were RMB 19.343 billion, slightly down from RMB 19.362 billion at the end of 2022[13]. - The company's equity attributable to owners was RMB 4.328 billion, a decrease from RMB 4.358 billion at the end of 2022[13]. - As of June 30, 2023, total liabilities amounted to RMB 13,915,722, a slight increase from RMB 13,900,638 in the previous period[21]. - The total equity and liabilities stood at RMB 19,342,965, compared to RMB 19,362,007 previously[21]. - The group’s current liabilities totaled RMB 8,296,531, an increase from RMB 7,986,369 in the previous period[21]. - The group’s non-current liabilities decreased to RMB 5,619,191 from RMB 5,914,269[21]. - The group’s trade payables and notes payable increased to RMB 3,349,682 from RMB 3,102,262[21]. - The group’s other payables and accrued liabilities decreased to RMB 1,549,595 from RMB 2,013,245[21]. - The group’s deferred income decreased to RMB 160,889 from RMB 167,141[21]. - The group’s lease liabilities decreased to RMB 91,849 from RMB 116,057[21]. Segment Performance - The construction services segment generated revenue of RMB 840,521 thousand for the six months ended June 30, 2023, compared to RMB 2,332,036 thousand in the same period of 2022, a decrease of approximately 64.0%[45]. - The product sales segment reported revenue of RMB 1,362,769 thousand for the six months ended June 30, 2023, compared to RMB 481,003 thousand for the same period in 2022, an increase of approximately 184.6%[45]. - Sales from solar EPC increased 2.4 times, with gross margin rising from 3.8% to 8.9% due to a slight reduction in material costs[71]. - Power sales revenue grew by 13.8%, with a stable gross margin of 58.1% compared to 61.1% in the first half of 2022[72]. - Sales from renewable energy products, including wind and solar, significantly contributed to the increase in product sales revenue, which rose by RMB 631.7 million[68]. - The revenue from curtain wall and green building business decreased by 19.8%, with gross margin dropping from 11.2% to 6.7%[67]. Capital Expenditure and Costs - Capital expenditure for the period was RMB 425 million, primarily for the investment in self-operated solar power plants[76]. - Distribution costs decreased by RMB 10.18 million or 32.2%, aligning with the revenue decline[73]. - Administrative expenses reduced by RMB 13.45 million or 7.9% due to cost-saving measures implemented by the company[75]. Other Information - The company had no significant post-reporting events after the reporting period[2]. - The audit committee has reviewed the interim results announcement for the period[4]. - The company did not recommend the distribution of an interim dividend for the current period, consistent with the previous year[52]. - The company did not recommend any interim dividend for the first half of 2023, consistent with the previous year[87]. - The accounts receivable as of June 30, 2023, totaled RMB 4,377,184 thousand, an increase from RMB 4,106,381 thousand as of December 31, 2022[53]. - The company’s deferred tax assets were RMB 20,705 thousand for the six months ended June 30, 2023, compared to RMB 6,199 thousand for the same period in 2022, indicating an increase of approximately 233.5%[49]. - The company’s total liabilities as of June 30, 2023, were RMB 3,349,682 thousand, compared to RMB 3,102,262 thousand as of December 31, 2022, reflecting an increase of about 8.0%[63]. - Revenue for the first half of 2023 decreased by RMB 854.2 million or 27.7% to RMB 2,231.7 million compared to RMB 3,085.9 million in the same period of 2022[66]. - Gross profit decreased by RMB 135 million or 21.2%, from RMB 639 million in the first half of 2022 to RMB 504 million in the first half of 2023[66].
水发兴业能源(00750) - 2023 - 中期业绩