HAITIAN INT'L(01882)2024-09-26 09:12Financial Performance - For the six months ended June 30, 2024, the company's revenue reached RMB 8,017.8 million, an increase of 25.7% compared to RMB 6,380.2 million in the same period of 2023[3]. - Gross profit for the same period was RMB 2,591.6 million, reflecting a 26.9% increase from RMB 2,042.5 million year-on-year, with a gross margin of 32.3%[4]. - The company's operating profit rose to RMB 1,750.8 million, up 28.5% from RMB 1,362.5 million in the previous year[3]. - Net profit attributable to shareholders increased to RMB 1,520.6 million, a 23.5% rise from RMB 1,231.3 million in the same period last year[4]. - Basic earnings per share for the reporting period were RMB 0.95, compared to RMB 0.77 in the previous year, marking a 23.5% increase[4]. - The net profit margin for the reporting period was 19.0%, slightly down from 19.3% in the same period of the previous year[8]. Sales Performance - Domestic sales amounted to RMB 5,182.5 million, representing a 33.7% increase year-on-year, while overseas sales reached RMB 2,835.3 million, up 13.2%[9]. - In the first half of 2024, the company's injection molding machine sales increased by 26.2% year-on-year to RMB 7,702.5 million, while parts and services sales rose by 14.9% to RMB 315.3 million[10][11]. Cash and Financial Position - The net cash position, including financial products, was RMB 10,650.0 million as of June 30, 2024, compared to RMB 10,835.2 million at the end of 2023[4]. - As of June 30, 2024, the company's cash and cash equivalents totaled RMB 2,379.8 million, down from RMB 5,445.6 million as of December 31, 2023, representing a decrease of approximately 56.4%[16]. - The company's bank borrowings amounted to RMB 2,116.7 million as of June 30, 2024, compared to RMB 2,747.4 million as of December 31, 2023, indicating a reduction of about 22.9%[16]. - The fair value financial assets recorded by the company reached RMB 6,282.9 million as of June 30, 2024, an increase of 52.2% from RMB 4,129.2 million as of December 31, 2023[16]. - The company's capital structure remains robust, with a net cash position of RMB 4,367.1 million as of June 30, 2024, down from RMB 6,706.0 million as of December 31, 2023[16]. Dividends and Future Plans - The board of directors decided not to declare an interim dividend for the reporting period, pending a review of the full-year results[4]. - The company plans to enhance R&D efforts and introduce more differentiated products to meet market demands, following the launch of a new generation of machines in August 2023[12]. - The company aims to define 2024 as the "Quality Service Year," focusing on improving quality control and customer satisfaction[11]. Tax and Expenses - The company's tax expenses rose by 21.4% to RMB 333.3 million in the first half of 2024, with an effective tax rate of 18.0%[15]. - The company recorded a net financing income of RMB 98.9 million in the first half of 2024, down from RMB 134.0 million in the previous year[14]. Related Party Transactions - The company reported a total procurement of goods from related parties amounting to RMB 729,423 thousand for the six months ended June 30, 2024, an increase of 36.6% from RMB 534,090 thousand in the same period of 2023[60]. - The company purchased equipment from related parties totaling RMB 11,614 thousand, up from RMB 9,767 thousand in the previous year, reflecting an increase of 18.9%[60]. - The company provided guarantees totaling RMB 484.3 million for credit facilities granted to customers as of June 30, 2024, up from RMB 388.9 million as of December 31, 2023[18]. Employment and Management - The company employed approximately 7,500 people as of June 30, 2024, with a focus on competitive compensation plans and performance-based bonuses[19]. - Total remuneration for key management personnel was RMB 8,060 thousand for the six months ended June 30, 2024, representing an increase of 12.6% from RMB 7,159 thousand in the same period of 2023[65].