SNBC(SZ:002376)2024-08-28 07:56Group 1: Company Overview and Strategic Changes - New Beiyang has undergone significant changes, as highlighted in the 2024 semi-annual report, with "change" being a key theme throughout the document [3][4] - The company has transitioned from a simple presentation of its "one body, two wings" business strategy to a more detailed description of its "one body, two wings, and eight major business segments" strategy [5][7] - The business structure has evolved, eliminating previous growth ceilings, with each segment potentially generating over 1 billion RMB in revenue [8] Group 2: Financial Performance - In the first half of 2024, the company achieved a revenue of 1.031 billion RMB, a year-on-year increase of 7.23%, with domestic revenue at 649 million RMB and overseas revenue at 382 million RMB, accounting for 37.08% of total revenue [10][12] - The net profit attributable to shareholders was 17.36 million RMB, reflecting a 60.66% year-on-year growth [10] - The gross profit margin improved to 32.81%, up by 2.73 percentage points compared to the previous year [13] Group 3: Business Segment Performance - The financial industry solutions segment generated 217 million RMB, a 59.23% increase, with domestic revenue soaring by 174.88% [11] - The service operation segment reported a revenue of 165 million RMB, growing by 19.52%, with the "new retail comprehensive operation" segment achieving a 77% increase [11] - The overseas market revenue increased by 2.2 percentage points compared to the previous year, indicating a strong international presence [12] Group 4: Future Growth and Market Strategy - The company is focusing on a multi-segment strategy to mitigate cyclical performance fluctuations, ensuring sustainable and predictable growth [9] - The service operation business is expected to continue growing, supported by an expanding customer base and product offerings [9] - The company plans to leverage its established market position in financial equipment and logistics automation to capture new opportunities in emerging markets [22][25] Group 5: Investor Engagement and Q&A Highlights - The chairman addressed investor inquiries regarding the financial equipment business, emphasizing its growth potential in both domestic and international markets [13][14] - The company is actively pursuing opportunities in the robotics and automation sectors, aligning with the trend towards "unmanned and less manpower" operations [16][25] - Future strategies include expanding the new retail comprehensive operation business while maintaining a focus on quality growth rather than sheer quantity [20][21]