China High Speed Transmission Equipment Group Co., Ltd. · HKEX:658
China High Speed Transmission Equipment — H1 2015 Earnings Presentation
23 slides from China High Speed Transmission Equipment's earnings presentation, Aug 31, 2015
Slide 1: 2015 Interim Results Announcement
(J oP El eS ee APRA Bl China High Speed Transmission Equipment Group Co., Ltd. (incorporated in the Cayman Islands with limited liability) (Stock Code: 658) 2015 FH BA Se Ae SE tn SB Interim Results Announcement 31 August 2015
Slide 2: Forward-Looking Statements
Forward-Looking Statements The presentation is prepared by China High Speed Transmission Equipment Co., Ltd (the “Company”) and is solely for the purpose of corporate communication and general reference only. The presentation is not intended as an offer to sell, or to solicit an offer to buy or to f
Slide 3: Agenda
Agenda 1 2015 Interim Results Review and Analysis 2 Business Review 3 Development Strategies 4 Q&A 3
Slide 4: 2015 Interim Results Review and Analysis
2015 Interim Results Review 1 and Analysis 4
Slide 5: Financial Highlights
Financial Highlights RMB MM 1H 2015 1H 2014 Change Sales Revenue 4,751.5 3,947.5 20.4% Gross Profit 1,408.4 1,010.4 39.4% EBITDA 1,323.1 881.8 50.0% EBIT 990.5 544.0 82.1% Net Profit (Loss) Attributable 524.2 175.5 198.7% to Equity Holders Gross Profit Margin 29.6% 25.6% 4.0 ppt EBITDA Margin 27.8%
Slide 6: Analysis of Sales Revenue
Analysis of Sales Revenue Revenue Breakdown by Business Segment 1H 2015 1H 2014 (% of total revenue) RMB MM Wind Gear 78.8% 70.6% Industrial Gear 15.3% 20.9% 4,751.5 Gear for construction 2.9% 4.4% 3,947.5 Gear for Bar-rolling, Wire- 2.9% 4.1% rolling and Plate-rolling General purpose gear 0.6% 0.8%
Slide 7: Gross Profit Margin Analysis
Gross Profit Margin Analysis 1H 2015 1H 2014 Consolidated Gross Profit Margin Wind Gear 35.3% 30.1% (%) Industrial Gear 17.5% 17.2% Gear for construction 16.7% 17.1% 29.6% Gear for Bar-rolling, Wire- 1.0% 8.1% rolling and Plate-rolling 25.6% General purpose gear 7.6% 8.5% High speed locomotives 39.0
Slide 8: Cost Analysis
Cost Analysis Cost of Goods Sold (RMB MM) 1H 2014 1H 2015 (1) Other raw materials Cast iron and forged steel Subcontracting & processing Manufacturing fee Direct labor cost Power fee Cost of Goods Sold 2,937.1 Cost of Goods Sold 3,341.1 Note：(1) Including bearing and steel plates 8
Slide 9: Balance Sheet Summary
Balance Sheet Summary RMB MM 1H 2015 FY 2014 1H 2015 Non-current Assets 8,147 7,640 Current Assets 16,678 17,660 • Repayment more than RMB 2 billion bank loans in the 1H2015. Inventories 2,101 2,275 Account Receivables 4,031 3,451 •The net asset per share is approx. RMB 5.7. Bill Receivable 2,239 3,
Slide 10: Business Review
oP Ge ei 3 1 Bh a fi Se PR China High Speed Transmission Equipment Group Co., Ltd. Business Review [2 )
Slide 11: Wind Gear Transmission Equipment
Wind Gear Transmission Equipment Product Mix 1H 2015 1H 2014 1H 2015 1H 2014 Product (Unit) (% of total revenue of wind power) 5 MW Gearbox N.A N.A N.A N.A 3 MW Gearbox 60 82 1.9% 4.6% 2MW Gearbox 1,767 909 41.3% 31.1% 1.5MW Gearbox 2,144 1,861 43.2% 50.2% 750KW Gearbox 31 21 0.2% 0.2% Yaw Motor & D
Slide 12: Strong Client Portfolio for Wind Gear Transmission Equipment
Strong Client Portfolio for Wind Gear Transmission Equipment Domestic Customers Overseas Customers The Group maintains a strong client portfolio, with clients including major wind turbine manufacturers in the PRC, and renowned international wind turbine manufacturers . 12
Slide 13: Industrial Gear Transmission Equipment
Industrial Gear Transmission Equipment Traditional Gear Transmission Products Enhance market competitiveness through changes in production mode and sales strategies •The Group focused on the development of energy-saving and environmentally-friendly products and Formulated strategies to facilitate sa
Slide 14: Industrial Gear Transmission Equipment: High-Speed Locomotive and Urban Light Rails
Industrial Gear Transmission Equipment High-Speed Locomotive and Urban Light Rails Products Remarkable R&D Performance, Product Quality in Compliance with International Standards, Huge Market Potential, Brilliant Market Prospects •During the period under review, the group continue to obtain orders i
Slide 15: Marine Transmission Equipment
Marine Transmission Equipment Seek diversified developments in products and actively expand the domestic and overseas markets • The nine series of marine products have been applied in all equipments of overall ship propulsion system. The propulsion equipment manufactured by the Group, is also applie
Slide 16: CNC and Heavy, High Precision Machine Tools Product
Computer Numerical Controlled (“CNC”) And Heavy, High Precision Machine Tools Product Provide advanced machine tools for equipment industry •The Group possessed the proprietary intellectual property rights of its self-developed CNC system and machine tools and its products include vertical machining
Slide 17: Development Strategies
oP Ge ei 3 1 Bh a fi Se PR China High Speed Transmission Equipment Group Co., Ltd. Development Strategies 3)
Slide 18: Development Strategies
Development Strategies 1. Gear products 2. Marine products 3. LED sapphire products 18
Slide 19: Development Strategies: Gear Products
Development Strategies 【1.Gear Products 】 【Wind Gear Transmission Equipment Business】 •Product quality will be given top priority by the Group. We’ll strive to provide industry leading research and development technology and premium quality products to more domestic and overseas customers. •By lever
Slide 20: Development Strategies: Marine Products
Development Strategies 【2. Marine Products 】 •The Group will continue to increase its innovation capabilities by launching more high-end products, and strive to provide the best quality marine propulsion system, platform gear box and marine transmission equipment for special purposes for more domest
Slide 21: Development Strategies: LED Sapphire Products
Development Strategies 【3. LED Sapphire Products 】 •The Group’s sapphire substrate production technology and its production capacity maintain a leading position within the industry, and the technology is currently widely used in the lighting industry. •For applications in electronic products, the Gr
Slide 22: oP Ge ei Bh a fi Se PR
oP Ge ei 3 1 Bh a fi Se PR China High Speed Transmission Equipment Group Co., Ltd.
Slide 23: Thank you! Investor Relations contacts
Thank you！ Investor Relations contacts ： Website︰www.chste.com Email︰ir@chste.com Tel︰(86) 25 5247 2000 Fax︰(86) 25 5247 2000 23
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