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Huida Sanitary Ware: Revenue For The First Half Of The Year Was 1.743 Billion Yuan, An Increase Of 32.38% Year-On-Year

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Bathroom Business School

On the evening of August 19, 2021, Huida Sanitary Ware (SH:603385) released its “2021 Semi-Annual Report”, which showed that the revenue for the reporting period was about 1.743 billion yuan, an increase of 32.38% year-on-year. The net profit attributable to shareholders of the listed company was approximately RMB 112 million, a decrease of 12.94% year-on-year. Net cash flow from operating activities was about -137 million yuan, a decrease of 143.54% year-on-year.

VII. Major accounting data and financial indicators of the company

(i) Key accounting data

Unit: Yuan Currency: RMB

Key Accounting Data Current reporting period

(January to June)

Same period of previous year Increase or decrease in the current reporting period over the same period of the previous year (%)
Operating income 1,743,438,493.95 1,316,961,738.98 32.38
Net profit attributable to shareholders of the listed company 111,798,507.60 128,413,150.82 -12.94
Attributable to shareholders of the listed company, net of non-recurring profit or loss. 91,179,512.71 117,722,900.25 -22.55
Net cash flow from operating activities -136, 835,760.20 314,271,596.51 -143.54

The announcement shows that during the reporting period, Huida bathroom wholly-owned subsidiary of intelligent home (Chongqing) to achieve an operating income of about 28.8810 million yuan, net profit loss of about 21.9872 million yuan. Huida bathroom said that during the reporting period, intelligent home (Chongqing) was put into trial production. It was put into high investment during the trial production period, forming a loss of operation.

The announcement also shows that the company has always attached importance to technological innovation, to enhance the core competitiveness of high-tech enterprises. During the reporting period, the company invested 77,572,000 yuan in research and development, accounting for 4.45% of the operating revenue, an increase of 45.51% year-on-year. By investing a large number of R&D expenses to carry out research and development of new projects, the company takes customer needs as the starting point, realizes customer value as the ultimate goal, and enhances the competitive ability of the company’s future development.

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