Sailun: Record operating income in H1 2022

In the first half of 2022, Sailun Group’s operating income rose 21.28 per cent year-on-year to a record high of CNY 10.493 billion (£1.29 billion). Net profit attributable to the listed company’s shareholders rose 1.6 per cent year-on-year to CNY 715 million (£87.63 million), and net cash flow from operating activities amounted to CNY 457 million (£56.91 million), up 42.15 per cent year-on-year.

At the end of June 2022, the net assets attributable to the listed company’s shareholders were CNY 11.222 billion (£1.38 billion), an increase of 4.58 per cent from the beginning of 2022; total assets were CNY 30.05 billion (£3.69 billion), an increase of 14.81 per cent from the start of the year.

Sailun Group saw strong growth momentum in the second quarter of 2022 where operating income reached CNY 5.63 billion (£689.99 million), up 25.03 per cent year-on-year and a 15.77 per cent increase from the first quarter; net profit attributable to the listed company’s shareholders was CNY 393 million (£48.16 million), a 29.53 per cent increase year-on-year and up 22.12 per cent from the first quarter; net cash flow from operating activities was CNY 404 million (£49.51 million), a 521.05 per cent increase year-on-year and an increase of 658.88 per cent from the first quarter.