2025-09-12-港交所-天洁环境_2025中期报告页_54页_6mb

Financial Highlights

財務摘要
• 收益：六月三十日止六個月收益約人民幣224.82百萬元，較去年同期下降36.98%。
• 毛利：毛利約人民幣85.53百萬元，較去年同期上升5.61%。
• 母公司擁有人應佔溢利：約人民幣15.84百萬元，較去年同期增長7.21%。
• 指數：基本每股盈利0.12人民幣，增加約5.65%。
• 財務狀況：營運資金約人民幣68.14百萬元，資本負債比率約11.74%。
• 未派中期股息。

Financial Performance

• Revenue: Significantly decreased by 36.98% to RMB224.82 million (May 2025: RMB356.74 million).
這個收益下降主要是由於報告期內多個大型除塵器項目仍處於建設中，尚未達到收入確認階段。消費需求波動及行業內的激烈競爭是主要因素

• Gross Profit: Increased by 5.61% to RMB85.53 million (May 2025: RMB81.16 million).
毛利率上升至38.04%，受益於採用較低成本的原材料及合同總價基於先前鋼材價格，後續鋼材下降提振利潤

• Profit for the Period: Amounting to RMB15.84 million, reflecting growth of 7.21% (May 2025: RMB14.78 million) due to better cost control and improved operational efficiency.

Business Review

• Market Position: Established in the domestic market with strong expertise in particulate emission control, primarily in electricity, metallurgy, steel, and住房和城鄉建設委員會. • Strategy: Enhancing product quality, expanding international markets, and leveraging technological innovations to meet environmental standards. • Growth: Focus on green restructuring and compliance with local and international regulations including dual-carbon goals and CBAM

Management Discussion

• Revenue Decline: Primarily due to ongoing construction projects that have yet to generate full revenue recognition. • Cost Management: Effective by optimizing supplier chain and negotiating better terms to mitigate increased costs. • Future Outlook: Emphasis on R&D to improve product energy efficiency and expand into waste-to-energy and new energy sectors under China's green initiatives.

Financial Ratios

• Gross Profit Margin: 38.04% (increase from 25.40%)
• Gross Profit: +5.61% increase to RMB85.53 million
• Net Profit Margin: 7.06% (unaudited)

Market Dynamics

• Sizable market in China with significant segment of industrial clients.
• Increasing demand for super-large dust collectors driven by strict environmental norms especially in steel, cement, and power sectors.
• Role in addressing climate change through ultra-low emission standards and international carbon border adjustments

Future Plans

• Continue R&D in high-efficiency equipment for compliance with stricter global regulations
• Strategic acquisitions to expand market reach
• Adapt to policy-driven green upgrades in the industrial sector
• Enhance revenue streams through the Belt and Road Initiative

Economic Context

• Global Factors: Impact of climate agreements like COP29 and stricter emissions targets by governments.
• China-specific: Stricter environmental policies, industrial restructuring, and green finance initiatives driver market growth.

Note: Based on unaudited financials. Overall outlook favorable with challenges in demand uncertainty.