There is a slight slippage in gross profit margins and I do mean slight but the rest looks good:
For the 6 months ended 31 Dec 2012:
Revenue improved 45.7% y-o-y
Gross profit improved 19.9% y-o-y
Gross profit margin is at 33.9%
Net profit margin is at 22.9%
Within a 6 months period, the balance sheet of the company has also strengthened with cash and bank balances increasing by 642.6% from RMB 66.2 million to RMB 491.6 million.
NAV per share improved 9.5% to RMB 7.05.
The improvement in its cash position is directly related to an improvement in cash flow from operations which increased 336.2% for the 6 months ended 31 Dec 2012, year on year.
I am still concerned about the TR which although reduced by 5.5% is still a hefty RMB 913.9 million. Out of this, RMB 158 million are overdue.
Overall, however, the results should please shareholders.
Could another round of re-rating upwards be on the cards?
See presentation slides: here.
Related posts:
1. China Minzhong: Share price to go higher.
2. China Minzhong: Partial divestment at $1.01.
3. China Minzhong: Going higher to $1.22 to $1.46.
PRIVACY POLICY
Featured blog.
1M50 CPF millionaire in 2021!
Ever since the CPFB introduced a colorful pie chart of our CPF savings a few years ago, I would look forward to mine every year like a teena...
Past blog posts now load week by week. The old style created a problem for some as the system would load 50 blog posts each time. Hope the new style is better. Search archives in box below.
Archives
Pageviews since Dec'09
Recent Comments
Get this Recent Comments Widget
ASSI's Guest bloggers
- boon sun (1)
- Elsie (1)
- Elvin H. Liang (1)
- ENZA (3)
- EY (7)
- FunShine (5)
- Invest Apprentice (2)
- Jean (1)
- JK (2)
- Kai Xiang (1)
- Kenji FX (2)
- Klein (2)
- LS (2)
- Matt (3)
- Matthew Seah (18)
- Mike (6)
- Ms. Y (2)
- Raymond Ng (1)
- Ryan (1)
- Serejouir (1)
- skipper (1)
- Solace (13)
- Song StoneCold (2)
- STE (9)
- TheMinimalist (4)
- Vic (1)
Resources & Blogs.
- 5WAVES
- AlpacaInvestments
- Bf Gf Money Blog
- Bully the Bear
- Cheaponana
- Clueless Punter
- Consumer Alerts
- Dividend simpleton
- Financial Freedom
- Forever Financial Freedom
- GH Chua Investments
- Help your own money.
- Ideas on investing in SG.
- Invest Properly Leh
- Investment Moats
- Investopedia
- JK Fund
- MoneySense (MAS)
- Next Insight
- Oddball teen's mind.
- Propwise.sg - Property
- Scg8866t Stockinvesting
- SG Man of Leisure
- SG Young Investment
- Sillyinvestor.
- SimplyJesMe
- Singapore Exchange
- Singapore IPOs
- STE's Investing Journey
- STI - Stocks Info
- T.U.B. Investing
- The Sleepy Devil
- The Tale of Azrael
- TheFinance
- Turtle Investor
- UOB Gold & Silver
- Wealth Buch
- Wealth Journey
- What's behind the numbers?
China Minzhong: 2Q FY2013 stellar results.
Friday, February 15, 2013Posted by AK71 at 10:01 AM
Labels:
China Minzhong,
FA
Subscribe to:
Post Comments (Atom)
Monthly Popular Blog Posts
-
Time flies and it is time for another quarterly update. Before I start on the update proper, I just want to say a few words about Wilmar Int...
-
Stock prices of DBS, OCBC and UOB have been rocketing higher! How do I feel? I have mixed feelings, really. I would like to add to my invest...
-
I have been asked this question in various forms by various people over the years. "How much cash are you holding now?" However, l...
-
I shared a photo of one my favorite ships in World of Warships in a video yesterday. Bismark is a ship I enjoy a lot and I have had many ho...
-
I used to blog about my meals in the early days of blogging. Haven't been doing it for many years. Anyway, I love fish fingers. Specific...
All time ASSI most popular!
-
A reader pointed me to a thread in HWZ Forum which discussed about my CPF savings being more than $800K. He wanted to clarify certain que...
-
The plan was to blog about this together with my quarterly passive income report (4Q 2018) but I decided to take some time off from Neverwin...
-
Reader says... AK sifu.. Wah next year MA up to 57200... Excited siah.. Can top up again to get tax relief. Can I ask u if the i...
-
It has been a pretty long break since my last blog. I have also been spending a lot less time engaging readers both in my blog and on Face...
-
I thought of not blogging about my 2Q 2020 passive income till a couple of weeks later because Mod 19 of Neverwinter, Avernus, just went liv...
2 comments:
CMZ requested trading halt today. There may be a positive surprise outcome.
Vested.
Hi RayNg,
We can only hope. :)
Vested (but not as heavily as before).
Post a Comment