東方精工(002611.SZ)上半年淨利同比降11.81%經營性現金流大幅提升
格隆匯8月22日丨東方精工(002611.SZ)披露2019年半年度報告，報告期內公司實現營業收入43.91億元，同比增長93.89%；歸屬於上市公司股東的淨利潤1.82億元，同比下降11.81%；經營活動現金淨流入14.19億元，同比增長249.83%；基本每股收益0.10元，加權平均淨資產收益率4.47%。報告期末，公司總資產113.44億元，比年初增長26.22%；歸屬於上市公司股東的淨資產41.60億元，比年初增長3.32%。
報告期內，公司主營業務所處行業的整體情況與2018年下半年相比未發生顯著變化。公司智能包裝業務所處的瓦楞紙印刷包裝產業鏈延續了“行業集中度持續提升、產業升級速度加快”的變化趨勢；公司全資子公司普萊德所處的動力電池行業，也延續着國家補貼持續大幅退坡、市場競爭加劇的變化趨勢，第三方Pack廠商仍然面臨着補貼退坡、行業產能結構性過剩、產業鏈上下游整合加速、毛利率下降等行業整體變化的影響。
受補貼政策調整、動力電池廠商過渡期衝量等因素影響，子公司普萊德在本報告期確認實現的銷售收入較上年同期較大幅度增長；同時“高端智能裝備業務”板塊上半年營收整體穩中有增，進而導致公司集團合併報表層面營業收入實現顯著增長。受銷售收入大幅增長的影響，報告期經營活動產生的現金流量淨額也實現大幅增長。
報告期歸屬於上市公司股東的淨利潤同比出現下降，主要原因如下：(1)在行業補貼大幅退坡、行業市場競爭加劇的背景下，報告期內普萊德毛利率水平出現下滑，同比下降近5%；(2)報告期公司期間費用整體有所增加，主要原因包括：2019年上半年子公司普萊德在業務規模擴大的同時，自身運營費用明顯增長；為落實東方精工“2018-2022五年戰略規劃”，公司從去年2季度起加強了團隊組織能力提升和核心人才的引進的相關工作，上半年普萊德原股東與公司就普萊德2018年業績產生爭議，上述事項產生了相關費用。
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