Financial Performance - The company's operating revenue for the first half of 2024 was RMB 387,690,840.40, a decrease of 8.65% compared to RMB 424,381,947.72 in the same period last year[14]. - The net profit attributable to shareholders of the listed company increased by 17.82% to RMB 29,913,831.03, up from RMB 25,389,271.86 in the previous year[14]. - The gross profit margin improved to 15.80%, compared to 11.91% in the same period last year[14]. - The company achieved operating revenue of 387.69 million yuan, a year-on-year decrease of 8.65%[26]. - The net profit reached 29.91 million yuan, reflecting a year-on-year growth of 17.82%[26]. - The net profit after deducting non-recurring gains and losses was 25.79 million yuan, an increase of 32.13% year-on-year[26]. - The company reported a non-recurring net profit of 4.12 million yuan after tax[19]. - The company reported a total revenue of 301,396,769.83 CNY from sales and services in the first half of 2024, down from 352,131,370.69 CNY in the same period of 2023[85]. - The company achieved a total profit of CNY 32,851,479.47, compared to CNY 28,096,830.65 in the first half of 2023, reflecting a growth of 16.3%[80]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 1,022,998,265.18, reflecting a 4.03% increase from RMB 983,325,707.99 at the end of the previous year[15]. - The total liabilities increased by 19.15% to RMB 145,357,171.62, while the net assets attributable to shareholders rose by 1.89% to RMB 877,641,093.56[15]. - The company's net assets grew by 1.89% to 877.64 million yuan compared to the end of the previous year[26]. - The total current assets as of June 30, 2024, amounted to CNY 794,315,738.45, an increase from CNY 782,514,598.06 as of December 31, 2023, representing a growth of approximately 1.02%[73]. - The company's total assets at the end of the period were 1,000,000,000.00 yuan[92]. - Total liabilities amounted to CNY 95,352,690.28, while total equity was CNY 759,717,806.00, indicating a strong equity position[78]. Cash Flow - The net cash flow from operating activities was -18.33 million yuan, showing a year-on-year improvement of 71.61%[26]. - The net cash flow from operating activities improved by 71.61%, amounting to CNY -18,328,852.46, due to reduced payments for raw materials[40]. - The net cash flow from investing activities increased by 50.44%, totaling CNY -28,867,684.03, mainly due to a decrease in the amount invested in financial products[40]. - The net cash flow from financing activities rose by 202.22%, reaching CNY 12,329,411.83, due to reduced payments for equity distributions[40]. - The net cash flow from operating activities for the first half of 2024 was -9,482,523.83 CNY, an improvement compared to -53,533,866.44 CNY in the same period of 2023[85]. - Cash inflow from investment activities totaled 704,998,266.31 CNY, significantly higher than 387,736,939.75 CNY in the previous year[87]. Research and Development - The company focuses on the R&D, production, and sales of precision nickel-based conductor materials, with applications in various sectors including consumer electronics and new energy vehicles[26]. - The company is focusing on the development of precision nickel-based conductive materials for batteries, with significant investments in R&D to maintain competitive advantages[45]. - Research and development expenses for the first half of 2024 were CNY 14,053,617.33, slightly down from CNY 15,051,628.33 in the previous year[79]. Shareholder Information - The company distributed a cash dividend of RMB 1.00 per 10 shares, totaling RMB 9,900,000.00 to shareholders[3]. - The largest shareholder, Jiangsu Yuanhang Times Holding Group Co., Ltd., holds 37,550,250 shares, representing 37.55% of the total shares[59]. - The total number of shares held by the top ten shareholders is 52,943,404, accounting for 52.95% of the total shares[60]. - The company raised a total of RMB 405 million from the public offering of 25 million shares, with a net amount of RMB 365.48 million after deducting expenses[62]. Corporate Governance - The board of directors consists of 7 members, while the supervisory board has 3 members[64]. - The company has appointed a new management team, including a new chairman and general manager, Zhou Linfeng, effective from August 3, 2023[64]. - The company has not reported any changes in the board of directors or senior management during the reporting period[67]. Risk Management - The company has not faced any delisting risks as per the risk assessment in the report[7]. - The company faced a high supplier concentration risk, with the top five suppliers accounting for 79.18% of total procurement, amounting to 284.82 million yuan[43]. - The company is committed to introducing new qualified suppliers to reduce supplier concentration and enhance procurement bargaining power[44]. Accounting Policies - The financial statements were approved by the board on August 27, 2024, indicating a commitment to transparency and compliance with accounting standards[104]. - The company has not identified any factors affecting its ability to continue as a going concern for the next 12 months[105]. - The company adheres to the accounting standards and ensures that its financial reports accurately reflect its financial position and performance[106]. - The company has no significant changes in accounting policies or estimates during the reporting period[196][197]. Inventory Management - The company uses a perpetual inventory system and conducts at least one inventory count annually, with any discrepancies affecting the current year's profit and loss[13]. - Inventory is valued using the weighted average method, and any inventory write-downs are recognized when the cost exceeds the net realizable value[13]. Employee Information - The number of total employees increased to 559, up from 488, representing a growth of approximately 14.55%[68][69]. - Employee compensation includes short-term salaries, post-employment benefits, severance benefits, and other long-term employee benefits[174].
远航精密(833914) - 2024 Q2 - 季度财报