China Steel Tianyuan disclosed its interim report on August 22, 2022. The company achieved total operating income of 1.427 billion yuan in the first half of 2022, a year-on-year increase of 25%; a net profit attributable to shareholders of 198 million yuan, a year-on-year increase of 89.4%; and earnings per share was 0.26 yuan.
Note: China Steel Tianyuan completed a major asset restructuring on July 10, 2017.
Operating cash flow increased significantly by 153.9%
The company's operating cost in the 2022 semi-annual period was 1.091 billion yuan, a year-on-year increase of 23.1%, lower than the growth rate of 25% of operating income, resulting in a 1.2% increase in gross profit margin. The period expense ratio was 12.7%, down 0.9 percentage points from last year. Operating cash flow increased from -54.33 million yuan to 29.27 million yuan, an increase of 153.9% year-on-year.
This issue's "production and manufacturing industry" contributed a large amount of revenue
From the perspective of business structure, "production and manufacturing industry" is the main source of enterprise operating income. Specifically, the "production and manufacturing industry" operating income was 1.17 billion yuan, accounting for 82% of revenue and gross profit margin was 16.4%.
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