R&T Εξατομικευμένη έκθεση: Το καθαρό κέρδος αυξήθηκε κατά 40.8%. Τα έσοδα από έξυπνες τουαλέτες και καλύμματα αυξήθηκαν από 21.65%

R&T Εξατομικευμένη έκθεση: Το καθαρό κέρδος αυξήθηκε κατά 40.8%. Τα έσοδα από έξυπνες τουαλέτες και καλύμματα αυξήθηκαν από 21.65%

In the evening of August 24, Ξαμιέν R&Τ Sanitary Technology Co., Ε.Π.Ε. released its semi-annual report for 2022. The report shows that R&T achieved revenue of RMB901 million in the first half of 2022, μια αύξηση 12.11% ετησίως. Τα καθαρά κέρδη που αποδόθηκαν στους μετόχους της εισηγμένης εταιρείας ήταν 83,424,400 γιουάν, μια αύξηση 40.8% ετησίως. Ανάμεσά τους, intelligent toilet and cover products achieved revenue of RMB 411 εκατομμύριο, μια αύξηση 21.65% ετησίως.

Smart toilet and cover products achieved revenue of 411 εκατομμύριο

Ετήσια ανάπτυξη του 21.65%

Στο πρώτο μισό του 2022, R&T’s smart toilets and covers business continued to grow strongly. The revenue achieved was RMB 411 εκατομμύριο, μια αύξηση 21.65% ετησίως. The business accounted for 45.64% of the company’s total operating revenue.

Επιπλέον, the financial report shows that R&T specializes in the research and development, production and sales of intelligent sanitary products subsidiary – Xiamen a little intelligent technology Co. Σε 2022, the operating income in the first half of the year reached 275 εκατομμύρια γιουάν, and the operating profit reached 14.48 εκατομμύρια γιουάν.

Τα τελευταία χρόνια, R&T has continued to increase its investment in intelligent sanitary ware. Ήδη 2020, R&T terminated the “Yangming Road bathroom accessories production base renovation and expansion project” and implemented the “annual production capacity of 1.2 million sets of intelligent bathroom products production base construction project” by the company’s wholly-owned subsidiary, Xiamen One Point Intelligent Technology Co. As of the end of the period, the cumulative investment of the project has reached 83.67 εκατομμύρια γιουάν, and the progress of the project is 16.97%. It is expected that R&T’s revenue in the intelligent sanitary ware segment will continue to increase after the project is completed and put into operation.

Unit: Γιουάν

In addition to intelligent sanitary ware, R&T’s main products also include water tanks and accessories products, as well as the same layer drainage system products. Στο πρώτο μισό του 2022, the water tanks and accessories business achieved revenue of $368 εκατομμύριο. This represented a 0.07% year-over-year decrease and accounted for 40.9% των συνολικών εσόδων της εταιρείας. The revenue achieved by the business related to homogeneous drainage system products was $79,943,500, μια αύξηση 19.55% ετησίως.

R&T conducts both domestic and offshore businesses. Στο πρώτο μισό του 2022, the revenues of the two businesses were NT$596 million and NT$305 million, λογοδοσία 66.17% και 33.83%, αντίστοιχα. Both of them increased by more than 10%.

Net profit increased by 40.8% ετησίως

Gross profit margin of the main business increased compared with the previous year

In terms of earnings, στο πρώτο μισό του 2022 R&T achieved an increase in profit and revenue, with net profit attributable to shareholders of the listed company reaching 83,424,400 γιουάν, μια αύξηση 40.8% ετησίως. The net profit attributable to shareholders of the listed company after non-recurring gains and losses was RMB 75,930,200, μια αύξηση 52.26% ετησίως, which was a significant increase.

In terms of gross margin, στο πρώτο μισό του 2022, it achieved an increase in the gross margin of its main business, φθίνον 25.29%, επάνω 2.08% from the same period of the previous year. Ανάμεσά τους, the gross profit margin of water tank and accessories business increased by 2.7% compared with the previous year. The smart toilet and cover business had the largest increase, φθίνον 4.58%.

Unit: Γιουάν

Στο πρώτο μισό του 2022, a number of R&T’s expenses changed significantly. Ανάμεσά τους, finance costs amounted to -25.27 εκατομμύριο, μείωση 812.8% compared to the previous year, mainly due to the impact of exchange rate changes. Income tax expense reached RMB 13,292,100, μια αύξηση 124.66% ετησίως. This was mainly due to the increase in profit. Its R&D expenses amounted to RMB35,581,400, μια αύξηση 55.75% ετησίως, due to the increased investment in R&D of home products. It is worth mentioning that in May this year, R&T added 1 new foreign investment in an enterprise named Xiamen Shui Ai Intelligent Home Co. The investment is 20 εκατομμύρια γιουάν, and its main business is the manufacture, research and development, and sales of household products, είδη υγιεινής, και τα λοιπά.

Unit: Γιουάν

Επιπλέον, R&T revealed that the company is well known in the industry in the water-saving flushing components segment, including ROCA, Ανάρμοστος, Κάλης, Αμερικανικό πρότυπο, Βέλος, Bolina and other well-known domestic and foreign manufacturers of medium and high-end sanitary ware brands have established good and stable cooperative relationships with the company.

R&T’s performance in the first half of 2022 was bright. In terms of revenue, although the 12.1% increase is not too big, it is particularly rare in the context of the rebound of the epidemic and the downward spiral of the property market. Σε αντίθεση, many domestic counterparts saw a decline in revenue in the first half of the year. Some companies even decreased by more than 10%. At the earnings level, R&T’s first-half net profit has recovered and exceeded the level of the same period in 2019 before the epidemic, and the increase has continued to expand. This reflects good corporate profitability.

Τον Αύγουστο 25, a securities company gave R&T a “buy” rating, for the following reasons: Πρώτα, the intelligent toilet performance is beautiful. On-hand orders are sufficient. Δεύτερος, Q2’s profitability improved significantly, and good control of expenses. Προφανώς, this is also the capital market’s objective evaluation of R&T’s performance in the first half of the year.