China's Nanjing Sample H1 net loss widens, partly on input-cost pressure
China's Nanjing Sample H1 net loss widens, partly on input-cost pressure
Overview
China IT solutions provider's H1 operating income more than doubled yr/yr
Net loss attributable to shareholders widened yr/yr
Board does not recommend interim dividend for the period
Outlook
Group will deepen cross-border logistics R&D and demonstration projects to build an end-to-end cargo-tracking information system
Result Drivers
INDUSTRIAL PROPERTY DISPOSAL – Operating income more than doubled, primarily due to about RMB178 mln of income from disposing of industrial-park land and properties
INPUT-COST PRESSURE – Excluding the disposal, gross margin fell to 16.60% from 19.40% as copper volatility and computing-capacity demand lifted cable, storage and core-component costs
ONE-OFF EARNINGS HIT – Higher finance costs for interest on occupied funds and an investment-property disposal loss cut earnings by about RMB10 mln combined
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Net Loss Attributable |
| RMB 22.8 mln |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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