R&T хагас жилийн тайлан: Цэвэр ашиг нэмэгдсэн 40.8%. Ухаалаг бие засах газрын орлого, бүрхэвч нэмэгдсэн 21.65%

R&T хагас жилийн тайлан: Цэвэр ашиг нэмэгдсэн 40.8%. Ухаалаг бие засах газрын орлого, бүрхэвч нэмэгдсэн 21.65%

In the evening of August 24, XiaMen R&Т Sanitary Technology Co., Ltd. released its semi-annual report for 2022. The report shows that R&T achieved revenue of RMB901 million in the first half of 2022, өсөлт 12.11% жилээс жилд. Жагсаасан компанийн хувьцаа эзэмшигчдэд хамаарах цэвэр ашиг байсан 83,424,400 юань, өсөлт 40.8% жилээс жилд. Тэдний дунд, intelligent toilet and cover products achieved revenue of RMB 411 сая, өсөлт 21.65% жилээс жилд.

Smart toilet and cover products achieved revenue of 411 сая

Year-on-year growth of 21.65%

Эхний хагаст 2022, R&T’s smart toilets and covers business continued to grow strongly. The revenue achieved was RMB 411 сая, өсөлт 21.65% жилээс жилд. The business accounted for 45.64% of the company’s total operating revenue.

Үүнээс гадна, 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. онд 2022, the operating income in the first half of the year reached 275 сая юань, and the operating profit reached 14.48 сая юань.

Сүүлийн жилүүдэд, R&T has continued to increase its investment in intelligent sanitary ware. Эргэж байгаагаар 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 сая юань, 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.

Нэгж: Юань

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. Эхний хагаст 2022, the water tanks and accessories business achieved revenue of $368 сая. This represented a 0.07% year-over-year decrease and accounted for 40.9% of the company’s total revenue. The revenue achieved by the business related to homogeneous drainage system products was $79,943,500, өсөлт 19.55% жилээс жилд.

R&T conducts both domestic and offshore businesses. Эхний хагаст 2022, the revenues of the two businesses were NT$596 million and NT$305 million, Данцлагауулах 66.17% болон 33.83%, тус тус. Both of them increased by more than 10%.

Net profit increased by 40.8% жилээс жилд

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

In terms of earnings, in the first half of 2022 R&T achieved an increase in profit and revenue, with net profit attributable to shareholders of the listed company reaching 83,424,400 юань, өсөлт 40.8% жилээс жилд. The net profit attributable to shareholders of the listed company after non-recurring gains and losses was RMB 75,930,200, өсөлт 52.26% жилээс жилд, which was a significant increase.

In terms of gross margin, in the first half of 2022, it achieved an increase in the gross margin of its main business, хүрэлт 25.29%, дээш 2.08% from the same period of the previous year. Тэдний дунд, the gross profit margin of water tank and accessories business increased by 2.7% өмнөх жилтэй харьцуулахад. The smart toilet and cover business had the largest increase, хүрэлт 4.58%.

Нэгж: Юань

Эхний хагаст 2022, a number of R&T’s expenses changed significantly. Тэдний дунд, finance costs amounted to -25.27 сая, буурсан 812.8% өмнөх жилтэй харьцуулахад, mainly due to the impact of exchange rate changes. Income tax expense reached RMB 13,292,100, өсөлт 124.66% жилээс жилд. This was mainly due to the increase in profit. Its R&D expenses amounted to RMB35,581,400, өсөлт 55.75% жилээс жилд, 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 сая юань, and its main business is the manufacture, судалгаа ба хөгжүүлэлт, and sales of household products, Өмнөдмийн агуулах, гэх мэт.

Нэгж: Юань

Үүнээс гадна, R&T revealed that the company is well known in the industry in the water-saving flushing components segment, including ROCA, INAX, Колер, Америкийн стандарт, Сум, 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. Эсрэгээрээ, 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.

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