Financial Performance
For the six months ended 30 June 2012, building on the growth momentum since the second half of 2011, the Group’s revenue and profit attributable to shareholders for the review period surged 60.9% and 152.0% year-on-year, to approximately RMB6.88 billion and RMB1.04 billion, respectively.
The rise in sales of high-margin deep-processed products during the review period also contributed to improvements in gross margin, which expanded by 2.8 percentage points to 23.4% in the first half of 2012. Driven by strong sales growth in China, the Group’s revenue jumped 51.2% year-on-year to RMB 6.33 billion, while sales volume of aluminium extrusion products rose 51.8% to 286,110 tonnes, achieving more than 50% of the Group’s annual sales target of 500,000 tonnes.
RESULTS
| Year ended 31 December (in RMB'000) | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|
| Revenue | 10,305,694 | 10,521,948 | 13,852,708 | 11,264,429 | 7,521,266 |
| Profit for the year attributable to owners of the Company | 1,105,027 | 2,595,867 | 3,528,815 | 1,910,438 | 852,158 |
ASSETS AND LIABILITIES
| As at 31 December (in RMB'000) | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|
| Total assets | 27,774,599 | 24,639,885 | 24,423,450 | 12,861,075 | 11,012,758 |
| Total Liabilities | 12,097,070 | 9,066,279 | 10,247,677 | 9,655,999 | 7,718,120 |
| Total equity attributable to owners of the Company | 15,677,529 | 15,573,606 | 14,175,773 | 3,205,076 | 3,294,638 |
Read more about this topic: China Zhongwang
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