Xiaokang Co., Ltd. announced that the company expects to achieve a net profit loss of 1.6 billion to 1.76 billion yuan attributable to owners of the parent company in the first half of 2022, compared with a loss of 481 million yuan in the same period last year.
Xiaokang Co., Ltd. said that due to the continuous investment in research and development of new energy vehicle products and the large investment in fixed assets in the early stage, production and sales are still in the stage of climbing, and depreciation and amortization expenses have increased; The marketing expenses and labor costs have increased. The above factors affect the net profit attributable to owners of the parent company by approximately -1.439 billion yuan.
At the same time, with the monthly increase in the delivery of new energy vehicles, the company's operating income in the first half of 2022 will reach 12 billion yuan to 12.6 billion yuan, a year-on-year increase of 62.50% to 70.63%; the company's net cash flow from operating activities has been greatly improved. ; The gross profit margin of the company's new energy vehicles also increased compared to the same period last year.
Recently, Xiaokang Co., Ltd. announced that the company's Chinese name will be changed to "Salix Group Co., Ltd."; the stock abbreviation will be changed to "Salix".