JINHUI(SH:603919)2024-08-30 10:09Group 1: Financial Performance - In the first half of 2024, the company achieved operating revenue of 1.754 billion CNY, a year-on-year increase of 15.17% [2] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was 302 million CNY, up 19.08% compared to the same period last year [2] - Basic earnings per share reached 0.58 CNY, reflecting a growth of 16.00% year-on-year [2] - Contract liabilities amounted to 483 million CNY, an increase of 9.30% from the previous year [2] Group 2: Sales and Market Strategy - The company’s sales volume in the first half of 2024 met expectations, with a strategic focus on expanding sales regions, particularly in the Northwest and East China [3] - The company plans to enhance its market presence by focusing on the Northwest base and actively expanding into the East China market [3] Group 3: Product Structure - The company optimized its product structure, with products priced above 300 CNY generating 313 million CNY in revenue, a significant increase of 44.71% year-on-year [4] - Products priced between 100-300 CNY achieved revenue of 890 million CNY, up 14.97% from the previous year [4] - Revenue from products priced below 100 CNY was 522 million CNY, reflecting a modest growth of 1.77% year-on-year [4] Group 4: Share Buyback and Dividends - The company plans to use 100-200 million CNY of its own funds for a share buyback program, with a maximum price of 27.61 CNY per share [4] - As of July 31, 2024, the company had repurchased 9,714,143 shares, representing 1.9150% of the total share capital, with a total expenditure of 181 million CNY (excluding transaction fees) [4] - The company distributed cash dividends totaling 197,167,099.53 CNY (including tax) in May 2024, with a cash dividend ratio of 60.00% [4] - No dividend distribution is planned for the second half of 2024 based on current operational conditions [4]