事实上，公司一季度业绩已出现下滑，Q1净利润为1.68亿元，同比下降21.51%，据此计算，公司Q2净利润为0.96亿元，同比下降56.5%。In the first half of the year, Inner Mongolia First Machinery Group's performance slowed down, with a year-on-year decrease of nearly 40% in net income in H1. According to company officials, "a significant number of major contracts will be delivered in the second half of the year, both military and civilian products."
On August 21, financial news agency reported that Inner Mongolia First Machinery Group's performance slowed down in the first half of the year, with a year-on-year decrease of nearly 40% in net income in H1. "A significant number of major contracts will be delivered in the second half of the year, both military and civilian products," said company staff to the reporter from financial news agency who consulted them as an investor.
After the market closed today, Inner Mongolia First Machinery Group released its financial report for the first half of 2024. It achieved a total operating revenue of 4.788 billion yuan in H1, a year-on-year decrease of 21.57%; the net income attributable to the parent company was 0.264 billion yuan, a year-on-year decrease of 39.28%.
In fact, the company's performance declined in the first quarter, with a net income of 0.168 billion yuan, a year-on-year decrease of 21.51%. Based on this calculation, the company's net income for Q2 is 0.096 billion yuan, a year-on-year decrease of 56.5%.
It is worth noting that in May of this year, Inner Mongolia First Machinery Group stated in a related announcement that the budgeted indicator for its main operating revenue in 2024 is 10 billion yuan, an increase of 0.187 billion yuan compared to the previous year, representing a growth rate of 1.90%.
Regarding the formulation of the annual main operating revenue target, company staff stated that they generally first look at the orders on hand for the current year, then assess the regular order situation, as well as the delivery situation for foreign trade.
According to statistics from hithink RoyalFlush Information Network, four institutions have made predictions for Inner Mongolia First Machinery Group's net income in 2024, with an average of 0.913 billion yuan, representing a 7.3% increase compared to last year's net income of 0.851 billion yuan.
Regarding the military business in the first half of the year, the company stated in an announcement that they have achieved new achievements in order placement for major products, and production organization is being accelerated. In the civilian sector, the company's wholly-owned subsidiary, Northern Venture, received an order for 1,300 railroad freight cars, reaching a market share of 6.5%. The first batch of 40 Pakistan railroad flat cars has been produced locally and put into operation.
It is reported that Inner Mongolia First Machinery Group, as the main factory of armored equipment for the Chinese army, is the country's only R&D and manufacturing base for main battle tanks and 8x8 wheeled armored vehicles. The company's main products include tracked and wheeled armored vehicles, artillery, rail vehicles, civil-military integration products, and related components. Previously, the company stated on the investor interaction platform that military revenue accounted for about 85% of total revenue.
