东田微(301183) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 reached ¥264,451,936.77, representing an increase of 84.97% compared to ¥142,969,626.94 in the same period last year[11]. - Net profit attributable to shareholders was ¥24,443,120.77, a significant turnaround from a loss of ¥8,057,764.22 in the previous year, marking a growth of 403.35%[11]. - The net profit after deducting non-recurring gains and losses was ¥23,763,337.13, compared to a loss of ¥10,239,122.73 in the same period last year, reflecting an increase of 332.08%[11]. - Basic earnings per share improved to ¥0.31 from a loss of ¥0.10, indicating a growth of 410.00%[11]. - The total operating costs for the first half of 2024 were ¥232,549,592.23, up from ¥155,082,655.91 in the previous year, reflecting a rise of 49.9%[100]. - The operating profit for the first half of 2024 was ¥25,947,890.29, compared to an operating loss of ¥13,465,268.68 in the same period last year[100]. - The company reported a total comprehensive income of ¥7,391,161.13 for the first half of 2024, compared to ¥6,860,571.54 in the same period last year[104]. Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥1,176,294,177.24, up 7.59% from ¥1,093,304,899.85 at the end of the previous year[11]. - The total liabilities amounted to CNY 353,216,140.75, an increase of 19.73% from CNY 294,669,984.13[95]. - The company's equity attributable to shareholders reached CNY 823,078,036.49, up from CNY 798,634,915.72, indicating a growth of approximately 3.06%[95]. - The company's inventory increased to ¥86,672,746.96, representing a 7.37% share of total assets, up from 7.11% in the previous period[42]. - The company's fixed assets rose to ¥250,999,900.77, accounting for 21.34% of total assets, an increase from 19.81%[42]. - Short-term borrowings surged to ¥46,939,485.13, which is 3.99% of total liabilities, compared to 2.11% previously, indicating a significant increase in leverage[42]. Cash Flow - The company reported a net cash flow from operating activities of -¥15,803,354.47, an improvement of 49.29% compared to -¥31,164,052.60 in the same period last year[11]. - The investment activities resulted in a net cash outflow of -¥35,296,192.08, primarily due to increased equipment purchases[39]. - The total cash inflow from financing activities amounted to 12,305,125.36, while cash outflow was 568,463.38, resulting in a net cash flow of 11,736,661.98[108]. Research and Development - Research and development expenses increased to ¥14,871,538.37 in the first half of 2024, up from ¥12,771,841.72 in the previous year, indicating a focus on innovation[100]. - The company has developed 95 patents, including 9 invention patents and 86 utility model patents, emphasizing its focus on technological innovation[25]. - The company is focusing on R&D investment to drive product innovation and capture new market opportunities[32]. Market Trends - The global smartphone market showed signs of recovery with a year-on-year growth of 1.2%, 7.8%, and 6.5% in Q4 2023 to Q2 2024, indicating a positive trend in smartphone shipments[17]. - The sales of new energy vehicles in China reached 1,404.7 million units in the first half of 2024, marking a 32% year-on-year increase, with a market share of 35.20%[20]. - The domestic security camera market is projected to grow, with an expected shipment of 720 million units in 2024, reflecting a year-on-year growth of 16.12%[21]. Corporate Governance and Compliance - The company has received ISO9001 and ISO14001 certifications, ensuring quality management and environmental management standards are met[25]. - The company has established a comprehensive employee rights protection system, ensuring compliance with labor laws and providing social insurance for all employees[69]. - The company has not experienced any environmental penalties during the reporting period and has maintained compliance with environmental regulations[68]. Risk Management - The management has outlined potential risks and corresponding measures in the report, which investors are encouraged to review[2]. - The company faces risks from intensified market competition, particularly in the optical components market, which may lead to increased capacity and reduced average profit levels[60]. - The company's major clients account for over 65% of its annual revenue, indicating a high customer concentration risk[61]. Shareholder Information - Major shareholder Gao Donghua holds 20.16% of shares, totaling 16,125,534 shares[87]. - Major shareholder Xie Yun holds 15.46% of shares, totaling 12,371,832 shares[87]. - The company has a total of 33,912,000 shares with a proportion of 42.39% held under limited sale conditions[85]. Financial Reporting - The financial report for the first half of the year has not been audited[92]. - The company has not issued any preferred shares outstanding during the reporting period[90]. - The financial statements have been approved by the board of directors on August 27, 2024, reflecting the company's financial status and operational results accurately[121].