Within a 6 months period, the balance sheet of the company has also strengthened with cash and bank balances increasing by 642.6% from RMB 66.2 million to RMB 491.6 million.
NAV per share improved 9.5% to RMB 7.05.
The improvement in its cash position is directly related to an improvement in cash flow from operations which increased 336.2% for the 6 months ended 31 Dec 2012, year on year.
I am still concerned about the TR which although reduced by 5.5% is still a hefty RMB 913.9 million. Out of this, ......There is a slight slippage in gross profit margins and I do mean slight but the rest looks good:
For the 6 months ended 31 Dec 2012:
Revenue improved 45.7% y-o-y
Gross profit improved 19.9% y-o-y
Gross profit margin is at 33.9%
Net profit margin is at 22.9%
Within a 6 months period, the balance sheet of the company has also strengthened with cash and bank balances increasing by 642.6% from RMB 66.2 million to RMB 491.6 million.
NAV per share improved 9.5% to RMB 7.05.
The improvement in its cash position is directly related to an improvement in cash flow from operations which increased 336.2% for the 6 months ended 31 Dec 2012, year on year.
I am still concerned about the TR which although reduced by 5.5% is still a hefty RMB 913.9 million. Out of this, ......
Within a 6 months period, the balance sheet of the company has also strengthened with cash and bank balances increasing by 642.6% from RMB 66.2 million to RMB 491.6 million.
NAV per share improved 9.5% to RMB 7.05.
The improvement in its cash position is directly related to an improvement in cash flow from operations which increased 336.2% for the 6 months ended 31 Dec 2012, year on year.
I am still concerned about the TR which although reduced by 5.5% is still a hefty RMB 913.9 million. Out of this, ......
