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Midea Group Releases H1 2021 Financial ReportThe income from home appliances and electrical appliances accounts for more than 80%; the proportion of new businesses such as robots has increased. According to the interim performance report for 2021: - The operating revenue increased by 24.98%, reaching CNY 173.8 billion. - The net profit attributable to the parent company increased 7.76%, reaching CNY 15 billion. - The revenue of HVAC was CNY 76.4 billion (up 19.33%), accounting for 43.96% of the revenue. - The revenue of consumer electrical appliances was CNY 64.96 billion (up 22.4%), accounting for 37.38% of the revenue. - The revenue of robots, automation systems, and other manufacturing industries was CNY 12.69 billion (up 33.28%), accounting for the rest 7.3% of the revenue. - The gross profit margins of HVAC and consumer appliances were 20.85% (down 3.35%) and 29.6% (down 2%) respectively; while the that of robots, automation systems, and other manufacturing industries was 22.94%, achieving an increase of 3.94%. - The domestic revenue, which takes 57.45% of the total revenue, was CNY 99.85 billion, showing a year-on-year increase of 29.28%. - The revenue for the foreign market was CNY 73.96 billion, representing an increase of 19.6%, accounting for 42.55% of revenue.
SZSE:000333
by EqualOcean
Kingsoft Office Announces H1 2021 Financial ResultsDuring the six months through June, the company generated CNY 1.6 billion in revenue, with a year-on-year growth of 70.9%. According to Kingsoft Office's H1 2021 financial announcement: - Revenue rose by 70.9%, reaching CNY 1.6 billion. - Net profit hit CNY 549 million, representing a 53.5% increase. - Among the company's major businesses, its software licensing business recorded CNY 640 million in revenue, reporting an increase of 199.8%; the revenue for its office service subscription business was CNY 735 million, which extended 37.9%; its internet advertising promotion and other business generated CNY 190 million, with a growth of 12.2%. - During the reporting period, the cumulative number of paid individual members was 21.9 million, showing an increase of 30.2%. - As of June 30, the monthly active users reached 501 million, representing a growth of 10.4%. - In H1 2021, the firm expanded its personal cloud space from 1GB to 5GB, uploading a total of 108.5 billion files to the cloud through the public cloud, with a growth rate of 57%. - Moreover, the total number of R&D staff exceeded 2,188, accounting for over 60% of the company's total headcount, and its R&D investment was CNY 439 million.
SSE:688111
by EqualOcean
iFLYTEK Announces H1 2021 Financial ResultsDuring the six months through June, the company generated CNY 6.3 billion in revenue, with a year-on-year increase of 45.3%. According to iFLYTEK's H1 2021 financial announcement: - Revenue rose by 45.3%, reaching CNY 6.3 billion. - Net profit hit CNY 419 million, representing a growth of 62.1%. - In H1 2021, the revenue of software and information technology service business was CNY 6.2 billion (up 45.8%), accounting for 98.0% of total revenue; its education and teaching business generated CNY 106 million (up 32.3%), taking up 1.7%; income from other businesses reached CNY 19.4 million (down 8.4%), making up 0.3%. - Among the firm's major businesses, consumer business accounted for the highest proportion of revenue (29.8%), following by education (29.1%). - For its education business, the revenue of education products and services recorded CNY 1.7 billion, showing a growth of 31.5%. - For its smart medical business, the revenue of medical business hit CNY 99.9 million, representing an increase of 34.1%. - For its smart cities business, the revenue of information engineering reached CNY 974 million, with a year-on-year growth of 3.9%; smart political and law industry applications generated CNY 288 million, indicating an increase of 30.5%; revenue from digital government-industry application recorded CNY 267 million, showing a rise of 74.7%. - At the same time, iFLYTEK's operating costs reached CNY 3.6 billion, showing an increase of 53.3%; its sales expenditure hit CNY 996 million, with a rise of 22.1%; the company's administrative expenses were CNY 415 million, indicating a growth of 28.3%; its R&D expenditure was CNY 1.2 billion, representing an increase of 27.4%.
SZSE:002230
by EqualOcean
SF Holding Announces H1 2021 Financial ResultsDuring the six months up to and ending in June, the company generated CNY 88.34 billion in operating revenue, up by 24.2%. According to SF Holding's financial announcement for the first half of 2021: - Operating revenue rose by 24.2%, reaching CNY 88.34 billion. - The net profit attributable to the shareholders of the listed company was CNY 760 million (drop 79.8% year-on-year), of which the net profit attributable to the parent company in Q1 and Q2 was CNY -989 million and CNY 1.75 billion, respectively. - The express logistics business volume was 5.13 billion tickets, achieving a year-on-year increase of 40.4%. The average increase was 59.5% over the past two years, higher than the industry's average growth rate of 33.4% in the same period. - The reported revenue of SF Express was CNY 61.1 billion. The total revenue of the new business segment increased by 43.77% year-on-year, contributing more than 48% of the revenue increment, and the proportion of revenue increased from 26.69% to 30.89% in the same period of 2020. - The revenue of SF Express business reached CNY 11.51 billion, through the cooperation mode of SF Express direct sales network, Shunxin Jetta Franchise network and other resources. The increasing portion for the overall LCL volume, the direct sales network volume and the franchise network volume was 81.3%, 88.7% and 62.5%, respectively. - SF's local emergency delivery business realized a tax-free operating income of CNY 2.241 billion (up 77.12% year-on-year), which was higher than the average growth rate of the industry. - By the end of the reporting period, the number of one-stop home service orders of SF Express had increased by more than 400% year-on-year, and the service timeliness rate reached 99.29% high, the service category had increased by 45% year-on-year. - SF cold chain business (including food cold transportation and pharmaceutical logistics) achieved an overall tax-free operating revenue of CNY 3.72 billion (up 14.79% year-on-year), while the supply chain business realized an operating income excluding tax of CNY 5.29 billion (up 79.02% year-on-year). - SF International Express's tax-free operating revenue reached CNY 3.28 billion, representing a year-on-year increase of 12.94%, covering 78 overseas countries and regions. During the reporting period, SF International opened 8 new flows and 9 new international all-cargo aircraft routes. - By the end of the reporting period, SF Holding had accumulated total assets of CNY 133.39 billion, increasing by 20% compared with that of the end of 2020. The net assets attributable to shareholders of listed companies were CNY 56.68 billion (up 0.42%). Meanwhile, the liability ratio increased from 48.94% on December 31, 2020, to 57.04% on June 30, 2021.
SZSE:002230
by EqualOcean
JICPT| Kweichow Moutai reached attractive buy level as expectedHello everyone. This is a follow-up post of my published idea titled 'Kweichow Moutai potential buying level of 1550' on July 28th. Back then, price was CNY 1768 per share. I guess a lot of Chinese investors doubted if it can fell to that level. Now it sat at CNY 1550 and a lot of investors started to concern if there is much room to the downside. In my opinion, the valuation became really attractive for me, though I observed huge sell orders from foreign institutions via the HK and Shanghai connect scheme. On the daily chart, definitely it's still downtrend with no sign of reversal yet. On the weekly chart, it sat at a beautiful sweet spot place. I will keep an eye on this level if any reversal pattern formed on the daily. It'll be a really nice place to buy. When everybody is scared and bearish on a particular stock, bullish buyers should wake up and have a further check. Give me a like if you're with me.
SSE:600519Long
by JICPT
JICPT| Kweichow Moutai potential buying level of 1550Kweichow Moutai is the icon of Chinese stocks. With gross margin of 90% plus, It's been served as the deep value investor's must-have holdings. In addition, the share of Moutai is the most expensive one in domestic Chinese market. However, 2021 is not the year of Moutai. The price has dropped by approximately 37% from around 2630 created in Feb. From the valuation perspective, it fell into the reasonable zone which attracted me. I bought Chinese wine ETF and plan to add more in the next future. From the weekly chart, I identified the level of CNY 1550 be attractive with abcd pattern combined with moving average line. I won't save my bullet if it drops to that level. Moutai is a great company. I think it has very high probability to hit CNY 3000 within the next 2 years. So the annual return is close to 50%. What's your opinion? Give me a like if you're with me.
SSE:600519Long
by JICPT