Iflytek flying high againwish they will open some shops outside of China as consumer electronics products will AI theme will soar in revenue, imo.......
002230 trade ideas
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%.
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.
Ascending TriangleAlthough we've had the recent fake-out of an Ascending Triangle I still remain bullish on this stock
The overall trend for EEM and SHANGHAI COMPOSITE remains active.
Fly high with IflytekRead articles here :
www.prnewswire.com
FInd an opportunity to accumulate this stock, it will fly even higher in years to come.
super resistance for this stock, better sell now. super resistance for this stock, at 37.56 better sell now.
if stay above 37.56, let's buy it back
