SIEYUAN(SZ:002028)2023-07-12 09:20Financial Performance - The company achieved a total revenue of 5.303 billion CNY in the first half of 2023, representing a growth of 22.05% compared to the same period last year, slightly exceeding the annual target of 20% growth [2] - Net profit attributable to shareholders reached 701 million CNY, an increase of 227 million CNY year-on-year [2] - The gross profit margin improved to 96.50% in the first half of the year [2] - The net cash flow from operating activities was -13.77 million CNY, an increase of 380 million CNY compared to the same period last year [2] Order Growth - Domestic and overseas markets are experiencing rapid growth, with order growth slightly exceeding expectations [4] - The transformer product line saw significant growth due to increased investment in renewable energy construction and expansion into overseas markets [4] - Orders from overseas markets are growing faster than those from domestic markets, with the proportion of overseas orders continuously increasing [4] Business Segments - The SVG business showed growth rates exceeding the company average, driven by technological and product innovations [5] - The switchgear business also met growth expectations, with overseas orders performing well [5] - The company is focusing on expanding its overseas market presence, with a positive outlook for export business in the second half of the year [6] Strategic Initiatives - The company has made significant investments in research and development, leading to a notable increase in R&D expenses [2] - The acquisition of GMCC has been completed, with ongoing developments in energy storage applications and participation in domestic and international exhibitions [6] - The company is committed to enhancing its competitiveness through continuous improvement in product quality and customer trust [5]