今晚，恒立液压发布2024年半年度报告，公司上半年实现营业收入48.33亿元，同比增长8.56%；归属于上市公司股东的净利润12.88亿元，同比增长0.71%。①The company achieved a year-on-year growth of 8.56% and 0.71% in revenue and net income respectively in the first half of the year. ②Jiangsu Hengli Hydraulic revealed that the construction of the Mexican factory has entered its final stages, laying the foundation for expanding into the Americas market.
When facing thousands of listed company announcements every day, which ones should you read? What are the key points to take away from the dozens or hundreds of pages of material announcements? Are the many professional terms in the announcements bullish or bearish? Check out Caixin's "Quick Read Announcement" column, where our reporters across the country will provide you with accurate, fast and professional interpretations on the night of the announcement.
Financial Associated Press August 26 (Reporter Huang Lu) Domestic downstream excavator demand bottomed out in Q2, coupled with overseas income growth, Jiangsu Hengli Hydraulic (601100.SH) saw a positive growth rate in revenue and net income in the second quarter.
Tonight, Jiangsu Hengli Hydraulic released its 2024 interim report. The company achieved a revenue of 4.833 billion yuan in the first half of the year, an 8.56% year-on-year increase; net income attributable to shareholders of the listed company was 1.288 billion yuan, a 0.71% year-on-year increase.
Looking at each quarter, the company's Q1 single-quarter revenue was approximately 2.362 billion yuan, a decrease of 2.7% year-on-year; it achieved a net income of approximately 0.602 billion yuan, a decrease of 3.77% year-on-year. The company's profitability increased in Q2, with single-quarter revenue of approximately 2.471 billion yuan, a 22.05% year-on-year increase; it achieved a net income of 0.686 billion yuan, a 5.0% year-on-year increase.
In the first half of this year, the company's operating costs increased by 3.89% year-on-year, nearly 5 percentage points lower than the revenue growth rate in H1. The company stated that it continues to carry out cost reduction projects based on 2023, with over 300 cost reduction projects implemented as of the end of June 2024. In addition to multidimensional cost reduction, the company's interim report mentioned two major revenue-generating strategies: implementing a product "diversification" strategy; and expanding global market to advance overseas production capacity layout.
According to the financial report, in the first half of the year, the company sold a total of 0.1389 million non-standard cylinders for heavy equipment, representing a 21.53% year-on-year growth. Among them, the sales revenue of non-standard cylinders for shield machines, crane cylinders, swing cylinders for aerial work platforms, and other non-standard cylinders experienced rapid growth; non-excavation pump valves saw a 24.30% year-on-year increase.
Furthermore, Jiangsu Hengli Hydraulic mentioned that while stabilizing the domestic market, the company is advancing the layout of overseas production capacity. In the first half of this year, the company's overseas revenue achieved a 15.29% year-on-year increase.
According to the financial report, the company's sales expenses in the first half of the year increased by 32.50% year-on-year. The company explained that this was mainly due to the expansion of overseas markets and increased business expenses. In the interim report, jiangsu hengli hydraulic also revealed that the construction of the Mexican factory is nearing completion, laying the foundation for expanding the Americas market.
It is worth mentioning that on August 9th, the company announced that on August 5th, around 15:30 local time in Mexico, a partial fire accident occurred in the under-construction plant of its wholly-owned subsidiary, Hengli Mexico. The plant is currently under construction and has not been completed. This incident may result in a delay in the overall production progress of the Mexican factory.
