Financial Performance - The company's operating revenue for the first half of 2024 was CNY 539,301,557.36, a decrease of 6.00% compared to CNY 573,727,471.77 in the same period last year[12]. - The net profit attributable to shareholders of the listed company was CNY 24,988,371.32, down 29.97% from CNY 35,681,291.25 in the previous year[12]. - The net cash flow from operating activities was CNY 25,386,322.66, representing a significant decline of 88.36% compared to CNY 218,180,761.29 in the same period last year[12]. - Basic earnings per share decreased by 33.33% to CNY 0.06 from CNY 0.09 in the previous year[12]. - The company reported a decrease of 30.85% in net profit after deducting non-recurring gains and losses, amounting to CNY 24,199,047.56 compared to CNY 34,994,202.16 in the previous year[12]. - The total comprehensive income for the first half of 2024 was CNY 23.37 million, down 36.8% from CNY 36.88 million in the first half of 2023[115]. - The company's total comprehensive income for the period is CNY 41,022,623.28, reflecting a decrease of CNY 41,653,376.72 compared to the previous period[130]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,195,914,257.80, an increase of 0.56% from CNY 2,183,592,717.35 at the end of the previous year[12]. - The company's equity attributable to shareholders reached CNY 1,860,876,498.55, slightly up from CNY 1,858,179,661.72[110]. - Total liabilities as of June 30, 2024, were CNY 335,037,759.25, compared to CNY 325,413,055.63 at the beginning of the period, marking an increase of approximately 2.5%[110]. - The company's cash and cash equivalents at the end of the reporting period amounted to approximately ¥913.18 million, accounting for 41.59% of total assets[38]. - Accounts receivable increased to approximately ¥306.31 million, representing 13.95% of total assets, up from 11.40% in the previous year[38]. - The total assets as of June 30, 2024, amounted to CNY 2,200,291,292.32, a marginal increase from CNY 2,193,881,762.68 in the prior year[112]. Investment and R&D - Research and development investment was approximately ¥41.98 million, down 27.42% from ¥57.84 million in the previous year[34]. - The company plans to focus on new production capabilities, management reform, and technological innovation to drive high-quality development in 2024[17]. - The company emphasizes R&D-driven strategies and operational optimization to enhance its market position[17]. - The company has been recognized as a national intellectual property demonstration enterprise, enhancing its R&D capabilities[30]. - The company held a total of 41 valid authorized invention patents and 135 utility model patents as of June 30, 2024, reflecting its strong R&D capabilities[30]. Cash Flow and Financing - The net cash flow from investment activities was -CNY 33,339,974.86, an improvement from -CNY 46,123,903.40 year-over-year[120]. - The company reported a net cash flow from financing activities of -CNY 23,066,828.06, compared to -CNY 87,942,924.84 in the same period last year, indicating a reduction in cash outflow by 73.8%[120]. - The cash flow from operating activities decreased by 30.8% from CNY 822,071,861.85 to CNY 568,693,915.21[121]. - The company distributed dividends totaling CNY 20,669,000.00, a decrease of 75.0% compared to CNY 82,676,000.00 in the previous year[120]. Shareholder Information - The total number of shares after the recent changes is 413,380,000, with 100% being unrestricted shares[95]. - The largest shareholder, Huizhou Huifengbao Equity Investment Partnership, holds 30.05% of the shares, totaling 124,213,228 shares[98]. - The company has a total of 28,642 shareholders at the end of the reporting period[97]. - The top 10 unrestricted shareholders collectively hold a significant portion of the company's equity, with the largest three shareholders alone accounting for over 56%[102]. Environmental and Social Responsibility - The company is listed as a key pollutant discharge unit by the Huizhou Environmental Protection Bureau and has established an environmental management system[67]. - The company has implemented zero wastewater discharge, recycling and reusing wastewater generated during production[70]. - The company actively participates in community charity and cultural construction, receiving recognition as a "National Advanced Private Enterprise in Employment and Social Security" from various governmental bodies[77]. - The company has established an emergency response plan for environmental pollution incidents, enhancing its ability to handle public crises related to environmental pollution[73]. Risk Management - The company faced various risk factors and has outlined measures to address these risks in the management discussion section[3]. - The company has established a foreign exchange hedging management system to mitigate risks associated with currency fluctuations[61]. - The company is at risk of not meeting the expected outcomes of its fundraising projects due to potential macroeconomic fluctuations[61]. - The company faces risks from international economic fluctuations, particularly due to high overseas revenue exposure[60]. Accounting Policies - The company adheres to the enterprise accounting standards, ensuring that the financial statements accurately reflect its financial position and operating results[136]. - The company recognizes lease liabilities at the present value of unpaid lease payments, using the internal rate of return or incremental borrowing rate as the discount rate[196]. - The company applies impairment provisions for financial assets measured at amortized cost and certain other financial instruments[152]. - The company recognizes provisions for inventory impairment based on the estimated selling price minus estimated costs and related taxes[159].
格林精密(300968) - 2024 Q2 - 季度财报