/ Aswentong/August 31, 2022 Guangzhou -- Tongding Internet on August 28 evening disclosed the 2022 annual semi-annual report showed that the company's revenue from January to June this year reached 1.519 billion yuan, a year-on-year growth of 5.32%; Net profit attributable to shareholders of listed companies was 33.44 million yuan, which decreased year-on-year, mainly because the company obtained large non-recurring profits in the same period last year, resulting in a high year-on-year base. If the profit data after withholding, Tongding Internet achieved in the first half of this year attributable to shareholders of listed companies after withholding net profit increased by 91.58%, in the second quarter of which attributable to shareholders of listed companies after withholding net profit of 21.5 million yuan, turning a profit, indicating that the company's main business has successfully recovered profitability.
The main profit indicators improved significantly
According to the financial report, the key to return to profitability of Tongding Internet's main business is that the company's key profitability indicators have shown positive changes. The comprehensive gross profit rate increased from 14.51% in the same period of last year to 16.25% in the current reporting period, while the period expense ratio decreased from 25.17% in the same period of last year to 16.13% in the current reporting period.
From the business segment, Tongding interconnection of fiber optic cable, power cable and communication cable and other core businesses have achieved good growth. In the first half of the year, optical fiber and cable contributed 280 million yuan in revenue, up 54.53% year on year, accounting for 18.43% of the overall revenue; Power cable contributed revenue of 531 million yuan in the first half of the year, a year-on-year growth of 31.86%, accounting for 34.99% of the total revenue; Communication cables contributed revenue of 483 million yuan in the first half, up 4.67 percent from a year earlier, accounting for 31.83 percent of revenue.In the case of strong revenue growth, Tongding Interconnection of the major business segments of the gross margin has also been significantly improved. The gross profit margin of optical fiber and cable, communication equipment, communication cable, power cable and Internet security sector respectively increased by 10.05%, 2.27%, 1.76%, 2.37% and 17.02% compared with the same period last year.
< p> The industry recovery helps the company's follow-up development < p>< P > Analysis, Tongding Internet's main business profitability is improved, on the one hand, because the company's internal management ability has been improved, in the aspect of cost reduction and efficiency has achieved certain results, the first half of the period cost rate is the best proof; On the other hand, because the company's downstream fiber optic cable, power cable and other industries began to recover, the company is in a better industry environment.
WIND statistics show that the cumulative output of domestic optical cable from January to July this year is 199 million core kilometers, with a cumulative year-on-year growth of 19%, and the growth rate since 2022 is significantly higher than the same period; In terms of monthly data, the output of optical fiber cable in July 2022 was 32.754 million core kilometers, a year-on-year growth of 25%, and significantly higher than the year-on-year growth of 18% in June, verifying the rising boom of the domestic optical fiber and cable industry.
The view that the fibre-optic cable industry is recovering has also been endorsed by the institutions. Minsheng Securities believes that part of the production expansion of the upstream supply side of the optical fiber and cable industry has stopped, the production capacity of small and medium-sized manufacturers has gradually been eliminated, the domestic construction of 5G+F5G and the calculation of the number of east and west have boosted the demand to pick up, and the aggregate purchasing price of operators has shown a rise in volume and price, and the industry is expected to open a new round of business cycle. < /p>Tongding Interconnection, as a leading enterprise in the field of communication cables in China, is expected to continue to benefit from the recovery of the optical fiber and cable industry in the future; Not only that, according to the view of China Financial Corporation, power cable downstream market prosperity is also continuing to rise, which is tantamount to the development of the following tripod Internet is "like a tiger with wings".
