Core Viewpoint - The company reported strong financial performance in the first half of the year, with significant growth in revenue and net profit, while maintaining a focus on cost control and innovation [1][2]. Financial Performance - The company achieved a revenue of 27.651 billion yuan, marking a year-on-year increase of 11.22% [1][2]. - Net profit attributable to shareholders reached 919 million yuan, reflecting a substantial year-on-year growth of 93.35% [1][2]. - The company proposed a cash dividend of 0.8161 yuan per 10 shares (including tax) [1]. - Operating costs increased by only 5.36%, indicating improved operational efficiency [2]. - The company reduced advertising and bidding expenses, leading to a 9.61% decrease in sales expenses compared to the previous year [2]. - Financial expenses decreased by 69.62% due to increased interest income and reduced loans [2]. Product Development - The company is a key manufacturer of naval ship power and transmission equipment, supporting various military vessels [3]. - In the military sector, the company maintained stable growth while enhancing service capabilities [3]. - In the civil sector, the company increased its market competitiveness, achieving significant growth in new orders despite a global decline in new ship orders [3]. - Delivery of marine low-speed diesel engines increased by 18%, while new orders surged by 47% [3]. - Other product deliveries also showed strong growth, including medium and high-speed diesel engines (35% increase in delivery, 32% in new orders) and gearboxes (78% increase in delivery, 24% in new orders) [3]. Innovation and R&D - The company accelerated the development of high-end, green, and intelligent products, with R&D expenses reaching 1.379 billion yuan, a year-on-year increase of 41.74% [5]. - New products in the diesel engine sector were successfully delivered, including various dual-fuel engines [5]. - The company launched 118 new products in the chemical power sector to meet overseas market demands [5]. - In the wind power sector, new gearboxes saw a 81% increase in new orders [4].
中国动力:上半年净利增93.35% 主要产品快速增长