Financial Performance - In 1H 2022, the company achieved a total revenue of RMB 1,703 million and a net profit of RMB 56 million[11, 15] - Gross profit increased from RMB 422 million in 1H 2021 to RMB 457 million in 1H 2022, with a stable gross profit margin of 26.8%[15, 33] - Total cost increased from RMB 1,150 million in 1H 2021 to RMB 1,246 million in 1H 2022[35, 37] Business Segment Highlights - Oilfield Equipment Manufacturing & Services segment revenue reached RMB 1,003 million, driven by increased market demand and significant growth in drill pipe and OCTG coating services[18, 19] - Oilfield Services segment achieved stable growth with revenue of RMB 459 million, benefiting from increased capital expenditure in the upstream industry[21, 22] - Line Pipe Technology and Services segment experienced significant revenue growth, reaching RMB 177 million, with more contracts signed in line pipe coating and CWC businesses compared to 1H 2021[24, 25] - Offshore Engineering Services segment revenue declined to RMB 64 million due to the completion of the Bangladesh pipeline laying project[27, 28] Regional Revenue Breakdown - In 1H 2022, China accounted for 58.9% of the company's revenue, while North & South America contributed 10.4%, Russia, Central Asia & Europe 17.0%, Africa 6.2%, Middle East 13.6%, and South & Southeast Asia 25.7%[31] Capital Structure - Cash and cash equivalents decreased from RMB 629 million at the end of 2021 to RMB 519 million as of June 30, 2022[39] - Total assets increased from RMB 7,072 million at the end of 2021 to RMB 7,830 million as of June 30, 2022[39] - Total liabilities increased from RMB 4,029 million at the end of 2021 to RMB 4,410 million as of June 30, 2022[39]
海隆控股(01623) - 2022 H1 - 电话会议演示