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1708 — Nanjing Sample Technology News Story

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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


Reuters Recommended Reads

  • Aug 28 - China's Haina Intelligent half-year revenue falls, profit drops


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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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