China High Precision Automation Group Ltd. · HKEX:591
China High Precision Automation — FY2012 interim Earnings Presentation
16 slides from China High Precision Automation's earnings presentation, March 2012
Slide 1: FY 2012 Interim Results Presentation
FY 2012 Interim Results Presentation March 2012
Slide 2: Disclaimer
Disclaimer • The presentation is prepared by China High Precision Automation Group (the “Group” or “CHPAG” ) and is solely for the purpose of FY 2012 interim result announcement only. The presentation is not intended as an offer to sell, or to solicit an offer to buy or to form any basis of investme
Slide 3: Agenda
1 Financial Results 4 2 Segment Analysis 8 3 Other Financial Information 13 4 Q&A 16 3
Slide 4: Income Statement Summary
Income Statement Summary RMB million 600.0 120% 496.8 500.0 100% 423.3 400.0 80% 300.0 60% 233.1 211.4 197.8 197.8 207.9 207.9 200.0 167.1 46.9% 174.7 40% 49.9% 46.7% 41.8% 41.8% 46.7% 39.5% 35.2% 100.0 20% FY 2011 FY 2012 0.0 0% Turnover Gross profit Profit from Profit before Profit for the Turnove
Slide 5: Revenue and Gross Profit
Revenue Gross profit RMB million RMB million 235.0 233.1 60.0% 520.0 496.8 230.0 500.0 49.9% 50.0% 46.9% 480.0 225.0 40.0% 460.0 220.0 30.0% 440.0 215.0 423.3 211.4 20.0% 420.0 210.0 400.0 205.0 10.0% 380.0 200.0 0.0% FY11 1H FY 12 1H FY11 1H FY 12 1H Turnover Gross profit Gross margin Revenue up
Slide 6: Operating Profit and Net Profit
Operating Profit Net Profit RMB million RMB million 230.0 50.0% 176.0 174.7 45.0% 46.7% 45.0% 210.0 39.5% 40.0% 41.8% 174.0 190.0 40.0% 35.2% 35.0% 197.8 207.9 35.0% 172.0 170.0 30.0% 30.0% 150.0 170.0 25.0% 25.0% 130.0 168.0 167.1 20.0% 20.0% 110.0 15.0% 15.0% 166.0 90.0 10.0% 10.0% 70.0 164.0 5.0%
Slide 7: Segment Analysis
1 Financial Results 2 Segment Analysis 3 Other Financial Information 4 Q&A 7
Slide 8: Segment information
Segment information 12.9% 17.3% Detectors Detectors 0.0% Indicators Indicators 43.7% 19.6% Controllers Controllers Others Others 27.1% 60.9% Movements Movements 6.6% 11.9% Much more detectors due to phase 2’s new capacity and stronger demand Indicators and some Controllers were affected by the c
Slide 9: Segment Gross Profit Margin
Segment Gross Profit Margin GP Margin 2011 2012 Remarks Due to price cut of some detectors in early 2011, price Automation 52.5% 48.3% has been stable after the price cut Movements 37.7% 37.4% Relatively stable margin Decrease due to margin shrink in the automation Total 49.9% 46.9% segment 9
Slide 10: Segment Growth
Segment Growth Products Revenue Growth- Remarks YoY Slow down due to the cyclical nature. Movement -12.5% Obvious slow down from Oct to Dec Automation 23.6% Detectors 63.6% Due to increased capacity in Phase 2 Indicators -34.7% Due to SMEs’ credit tightening in China Controllers -15.3% Due to SMEs’
Slide 11: COGS analysis
COGS analysis RMB million In Absolute In Percentage 300.0 100% 4% 6% 7% 8% 2% 2% 90% 4% 4% 21.2 18% 250.0 22% 9.5 80% 12.4 12% 15.3 70% 12% 4.6 200.0 8.6 60% 7.3 150.0 3.3 50% 94% 92% 89% 88% 233.1 40% 100.0 206.7 70% 66% 187.9 30% 156.3 20% 50.0 8.0 8.8 5.3 4.9 10% 2011 31.6 2012 26.4 2011 2012 0.0
Slide 12: Other Financial Information
1 Financial Results 2 Segment Analysis 3 Other Financial Information 4 Q&A 12
Slide 13: Balance Sheet Status
Balance Sheet Status 31-Dec-10 30-Jun-11 31-Dec-11 Property, plant and equipment 206.2 265.4 268.4 Non-current assets 392.2 521.0 593.9 Cash and cash equivalents 1,278.3 1,257.0 1,160.9 Current assets 1,685.2 1,724.7 1,785.7 Bank loans - - - Current liabilities 216.0 214.8 228.1 Non-current liabilit
Slide 14: Capital Expenditure and Cash Conversion Cycle
Capital Expenditure FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 1H Capex 33,355,000 48,234,000 82,582,000 297,366,000 84,129,000 Cumulative 33,355,000 81,589,000 164,171,000 461,537,000 545,666,000 Extended credit terms for distributors of Cash Conversion Cycle automation products FY 2011 FY 2012 Discou
Slide 15: Q&A
1 Financial Results 2 Segment Analysis 3 Other Financial Information 4 Q&A 15
Slide 16: China High Precision Automation Group Limited
Ja) CHINA HIGH PRECISION AUTOMATION GROUP LIMITED i) PRERE AD CREAR Stock Code: 591.HK www.chpag.net 16 |
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