Financial Performance - Total revenue for the first half of 2024 reached RMB 17,260,636,497.03, a 25.3% increase from RMB 13,763,822,101.53 in the same period of 2023[14]. - Net profit attributable to the parent company for the first half of 2024 was RMB 541,073,632.84, compared to RMB 104,400,407.08 in the first half of 2023, reflecting a significant increase[18]. - The company reported an operating profit of RMB 694,868,031.09 for the first half of 2024, significantly higher than RMB 105,346,974.95 in the same period of 2023[17]. - Total comprehensive income attributable to the parent company for the first half of 2024 reached RMB 523.28 million, a significant recovery from a loss of RMB 191.03 million in the same period of 2023[20]. - Basic and diluted earnings per share for the first half of 2024 were both RMB 0.23, compared to RMB 0.05 in the first half of 2023, indicating a substantial improvement[20]. - The company reported a net profit attributable to ordinary shareholders of ¥522,667,422.32 for the current period, compared to ¥84,889,971.05 in the previous period, resulting in earnings per share of ¥0.23, up from ¥0.05[38]. Assets and Liabilities - As of June 30, 2024, the total assets of Harbin Electric Company amounted to RMB 73.31 billion, an increase from RMB 71.30 billion as of December 31, 2023, representing a growth of approximately 2.8%[4]. - The total liabilities of Harbin Electric Company rose to RMB 58.34 billion from RMB 56.71 billion, indicating an increase of about 2.9%[8]. - The company's current assets decreased to RMB 62.44 billion from RMB 60.63 billion, reflecting a decline of about 2.9%[3]. - The company's long-term borrowings decreased to RMB 1.04 billion from RMB 1.75 billion, a reduction of about 40.3%[7]. - The total equity attributable to shareholders increased to RMB 14,257,828,523.06 as of June 30, 2024, from RMB 13,864,702,149.07 at the end of 2023, reflecting a strengthening of shareholder value[12]. Cash Flow - Cash inflow from operating activities for the first half of 2024 was RMB 21.04 billion, up from RMB 17.65 billion in the same period of 2023, reflecting a growth of approximately 19.5%[21]. - Cash outflow from operating activities increased to RMB 22.47 billion in the first half of 2024, compared to RMB 16.32 billion in the same period of 2023, resulting in a net cash flow from operating activities of -RMB 1.43 billion[22]. - The net increase in cash and cash equivalents for the first half of 2024 was -RMB 2.17 billion, compared to an increase of RMB 976.66 million in the same period of 2023[26]. - The ending balance of cash and cash equivalents as of June 30, 2024, was RMB 15.20 billion, down from RMB 17.27 billion at the end of June 2023[26]. Investments and R&D - The company has ongoing investments in new technologies and product development, although specific figures and details are not provided in the documents[1]. - Research and development expenses for the first half of 2024 were RMB 413,244,085.73, up from RMB 350,755,734.82 in the same period of 2023, highlighting the company's commitment to innovation[15]. - The company’s research and development investment intensity in the first half of the year is 3.6%, focusing on key core technology projects and collaborations with national innovation platforms[63]. Market and Operations - The company is focused on expanding its market presence and enhancing its product offerings in the power generation sector[29]. - The company operates through three main business segments: new energy-based power systems, green low-carbon drive systems, and clean efficient industrial systems, each requiring different technologies and market strategies[32]. - The company maintained a good level of market orders for its main products, indicating stable operational development[46]. Corporate Governance and Compliance - The company has complied with the Corporate Governance Code during the period ending June 30, 2024, but the board and supervisory committee's term expired on January 28, 2024, leading to a delay in the re-election process[76]. - The audit committee has reviewed and approved the interim financial report for the six months ending June 30, 2024[77]. - The company's auditor, Deloitte, has conducted a review of the interim financial report for the six months ending June 30, 2024, in accordance with the relevant auditing standards[78]. Employee and Training - As of June 30, 2024, the company had 11,094 employees with a total salary of 959.92 million yuan, and organized 482 training sessions for 21,527 participants in the first half of 2024[65].
哈尔滨电气(01133) - 2024 - 中期业绩