Changes in Hong Kong stocks | China Liansu (02128) rose more than 4%, overseas sales of plastic pipes grew steadily in the first half of the year. Currently, the company has set up production bases in many countries

The Zhitong Finance App learned that China Liansu (02128) rose more than 4%. As of press release, it had risen 4.12% to HK$3.285, with a turnover of HK$32.05 million.

According to the news, China Liansu previously disclosed its mid-quarter report. Changjiang Securities pointed out that 26H1's overseas business grew by 36.2%. Overseas is an important source of future growth for the company. Currently, it has established production bases in Southeast Asian countries such as Indonesia, Thailand, Malaysia, Cambodia, Vietnam, and the Philippines, African countries such as Tanzania and Angola, and Central Asian countries such as Uzbekistan, and Texas in the US. 26H1's overseas market revenue contribution increased to 8.6%.

Huatai Securities said that 26H1 accrued a loss of 51 million yuan, an increase of 0.16 million yuan over the previous year. By the end of the period, the company's book accounts receivable was 4.15 billion yuan, -11.2% over the same period, and the size of accounts receivable was effectively controlled. 26H1's capital expenditure was 1,117 billion yuan, +15% over the same period, mainly for the construction of overseas production bases and equipment addition, and the development of several investment properties; with the gradual commissioning of overseas production bases, 26H1's overseas sales of plastic pipes grew steadily, up +18.3% to 1.39 billion yuan, and the revenue share increased to 6.7%; the number of independent and exclusive first-level dealers in domestic market companies increased to 3,186, and distribution channels continued to improve.