Amounts expressed in millions of Renminbi (except for data per share and items specifically stated)
| For the six months ended 30 June 2024 (unaudited) |
For the six months ended 30 June 2023 (unaudited) |
Change | |
| OPERATING RESULTS | |||
| Revenue | 30,153 | 32,300 | -6.6% |
| EBIT | 1,222 | 1,097 | +11.4% |
| EBITDA | 1,532 | 1,412 | +8.5% |
| Profit for the period | 714 | 616 | +15.9% |
| Profit attributable to owners of the Company | 384 | 302 | +27.2% |
| FINANCIAL POSITION | |||
| Net cash (used in) from operating activities | (2,558) | 656 | -489.9% |
| Cash position * | 12,252 | 13,404 | -8.6% |
| Borrowings | 18,957 | 17,306 | +9.5% |
| Equity attributable to owners of the Company | 17,867 | 17,865 | 0.0% |
| Working capital | 11,758 | 11,319 | +3.9% |
| Bills receivables | 1,428 | 1,717 | -16.8% |
| Trade receivables | 10,086 | 9,496 | +6.2% |
| Inventories | 12,073 | 9,460 | +27.6% |
| KEY RATIOS | |||
| Gross profit margin (%) | 14.2% | 13.0% | +1.2pp |
| EBIT margin (%) | 4.1% | 3.4% | +0.7pp |
| EBITDA margin (%) | 5.1% | 4.4% | +0.7pp |
| Profit margin (%) | 2.4% | 1.9% | +0.5pp |
| ROE (%) | 4.3% | 3.4% | +0.9pp |
| Debt to equity (%) ** | 84.2% | 78.5% | +5.7pp |
| Current ratio (times) | 1.3x | 1.3x | - |
| Trade receivables turnover period (days) *** | 69 days | 59 days | +16.9% |
| Inventories turnover period (days) *** | 77 days | 61 days | +26.2% |
| DATA PER SHARE | |||
| Earnings per share – Basic (RMB cents) | 16.31 | 11.95 | +36.5% |
| Earnings per share – Diluted (RMB cents) | 16.31 | 11.95 | +36.5% |
| Dividend per share (HK cents) | - | 3.0 | -100.0% |
| Book value per share (RMB cents) | 964.25 | 887.61 | +8.6% |
| SHARE INFORMATION AT FINANCIAL PERIOD END | |||
| Skyworth Group Limited (shares are listed in Hong Kong, stock code: 00751) | |||
| Number of shares in issue (million) | 2,335 | 2,485 | -6.0% |
| Market capitalisation (HK$ million) | 7,192 | 8,599 | -16.4% |
| Skyworth Digital Co., Limited (shares are listed in Shenzhen, stock code: 000810) | |||
| Number of shares in issue (million) | 1,150 | 1,150 | - |
| Market capitalisation (RMB million) | 9,869 | 18,599 | -46.9% |
| * | Cash position refers to pledged and restricted bank deposits, cash and cash equivalents |
| ** | Borrowings/total equity |
| *** | Calculated based on average inventory; average sum of bills receivables and trade receivables |
