The company reported a strong first half result with improved earnings, revenues and profit margins.First half 2021 results:
- Revenue: CN¥52.5b (up 31% from 1H 2020).
- Net income: CN¥8.14b (up 188% from 1H 2020).
- Profit margin: 16% (up from 7.1% in 1H 2020). The increase in margin was driven by higher revenue.
Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.