格林美拟发H股半年报资产负债率66%存货94.31亿元

Core Viewpoint - Greeenmei (002340.SZ) has announced plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global development strategy and improve its international brand image and competitiveness [1]. Financial Performance - For the first half of 2025, the company reported a revenue of 17.561 billion yuan, a year-on-year increase of 1.28% [1]. - The net profit attributable to shareholders was 799 million yuan, reflecting a growth of 13.91% compared to the previous year [1]. - The net profit after deducting non-recurring gains and losses was 709 million yuan, showing a slight increase of 0.92% [1]. - The net cash flow from operating activities was 1.448 billion yuan, up by 9.69% year-on-year [1]. - Basic and diluted earnings per share were both 0.16 yuan, representing a 14.29% increase [1]. - The weighted average return on equity was 4.01%, an increase of 0.38% from the previous year [1]. Assets and Liabilities - As of June 30, 2025, the total assets of the company amounted to 737.11 billion yuan, with total liabilities of 486.54 billion yuan, resulting in a debt-to-asset ratio of 66.01% [1]. - The net assets attributable to shareholders were 201.28 billion yuan, an increase of 3.61% compared to the end of the previous year [1]. Inventory Details - The inventory balance as of June 30, 2025, was 94.88 billion yuan, with a book value of 94.31 billion yuan [2]. - The total inventory value, including raw materials, work in progress, and finished goods, was approximately 9.488 billion yuan [3]. Dividend Policy - The company plans not to distribute cash dividends, issue bonus shares, or increase capital through reserves [3].