CAPOL(SZ:002949)2022-11-21 16:18Group 1: Financial Performance - In the first half of 2021, the company achieved a revenue of 1.05 billion CNY, representing a year-on-year growth of 78.9% [2] - The revenue from architectural design business was 630 million CNY, an increase of 30.7% compared to the same period last year [2] - The revenue from cost consulting business reached 80 million CNY, growing by 49.1% year-on-year [2] - The total revenue from engineering contracting and other businesses was 340 million CNY, with a significant year-on-year increase of 566.9% [2] Group 2: Profitability and Margins - The overall gross margin for the first half of 2021 was 21.2%, a decline compared to the same period last year [2] - The decrease in gross margin was primarily due to the rapid growth of engineering contracting business, which increased its revenue share [2] - The gross margin for the core architectural design business improved compared to the previous year [2] Group 3: Accounts Receivable and Cash Flow - Accounts receivable increased in the first half of 2021 due to rapid revenue growth across various segments and extended payment cycles influenced by industry policies [3] - The negative operating cash flow in the first half of 2021 was attributed to seasonal business characteristics and concentrated payment of employee bonuses and salaries [3] Group 4: Business Development and Orders - The proportion of prefabricated building business is gradually increasing, benefiting from the company's technological accumulation and continuous R&D [3] - In the first half of 2021, the company signed new contracts worth 1.07 billion CNY in architectural design, an increase of 18.87% year-on-year [3] - Among the new contracts, prefabricated design contracts accounted for 370 million CNY, representing 34.19% of the architectural design contracts, with a year-on-year growth of 35.94% [3] - The revenue from architectural design business reached 630 million CNY, with prefabricated building design revenue at 210 million CNY, a growth of 61.07% year-on-year [3]