鼎胜新材(603876) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 reached ¥11,483,812,882.51, representing a 24.57% increase compared to ¥9,218,600,075.75 in the same period last year[15]. - Net profit attributable to shareholders decreased by 47.60% to ¥183,607,091.26 from ¥350,408,172.78 year-on-year[15]. - The net cash flow from operating activities dropped significantly by 84.00%, amounting to ¥185,133,529.41 compared to ¥1,157,053,455.71 in the previous year[15]. - Basic earnings per share fell by 47.50% to ¥0.21 from ¥0.40 in the same period last year[16]. - Total assets increased by 28.78% to ¥26,063,571,979.30 from ¥20,239,346,472.95 at the end of the previous year[15]. - Operating costs increased by 29.47% to ¥10,348,796,920.05, up from ¥7,992,950,816.92, primarily due to increased sales volume and rising raw material prices[30]. - Research and development expenses rose by 5.76% to ¥512,278,055.03, compared to ¥484,392,096.01 in the previous year, reflecting increased investment in R&D[30]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of RMB 0.04 per share, totaling approximately RMB 35.61 million based on the total share capital of 890,186,810 shares as of July 2, 2024[4]. - The company has not indicated any plans for capital reserve transfers or stock bonuses in the current dividend proposal[4]. - The total number of shares increased to 890,186,810 after the issuance of new shares and the conversion of convertible bonds[77]. - The largest shareholder, Hangzhou Dingsheng Industrial Group Co., Ltd., holds 28.05% of the shares, amounting to 249,667,740 shares[81]. Risk Management - The company has outlined potential risks in the management discussion and analysis section, advising investors to be cautious[5]. - The company faces risks from fluctuations in raw material prices, particularly aluminum ingots, which can significantly impact short-term profit levels[38]. - The company is exposed to exchange rate risks due to its export transactions primarily settled in USD, despite using financial instruments to mitigate these risks[38]. Environmental Compliance - The company’s environmental protection facilities are operating normally, ensuring that waste gas emissions and hazardous waste disposal comply with environmental requirements[46]. - In the first half of 2024, the company reported nitrogen oxide emissions at 8.389 mg/m³, which is below the standard limit of 180 mg/m³, with a total emission of 17.51 tons[46]. - The company’s sulfur dioxide emissions were recorded at 1.442 mg/m³, significantly below the standard limit of 80 mg/m³, with a total emission of 2.223 tons[46]. - The company has implemented measures to prevent soil and groundwater contamination, including regular monitoring[53]. Strategic Initiatives - The company focuses on the research, production, and sales of aluminum foil products, which are widely used in various industries including green packaging and home appliances[18]. - The company has established strategic partnerships with major battery manufacturers, including CATL and BYD, enhancing its market position in the lithium battery aluminum foil sector[22]. - The company aims to strengthen global strategic cooperation to further consolidate its competitive advantages in the international market[24]. - The company is committed to developing a green circular economy, focusing on resource recycling and the establishment of a closed-loop recycling system for aluminum waste[61]. Financial Instruments and Capital Management - The company raised a total of 1.254 billion RMB from convertible bonds, with a net amount of 1.244 billion RMB after deducting issuance costs[70]. - The total amount of guarantees provided during the reporting period is 30 million RMB, with no overdue guarantees reported[68]. - The company utilized temporarily idle raised funds to supplement working capital, amounting to 50 million RMB, which has been fully repaid[74]. Corporate Governance - The report indicates that the board of directors has confirmed the authenticity and completeness of the financial report, ensuring no significant omissions or misleading statements[2]. - The company has committed to not engaging in any non-operational fund occupation by controlling shareholders and related parties[64]. - All directors, supervisors, and senior management have pledged that the prospectus does not contain any false records, misleading statements, or major omissions[63]. Market Position and Growth - The company has developed a stable customer base, with no major customer losses in recent years, and has received multiple awards from key clients, indicating strong customer loyalty[23]. - The company has built five production bases in China and overseas, including in Thailand and Europe, to enhance its global market presence[24]. - The company is positioned to benefit from the growing demand for lithium battery aluminum foil, driven by the rapid expansion of the new energy vehicle market[22]. Accounting and Financial Reporting - The financial report for the first half of 2024 has not been audited, but management has declared its accuracy and completeness[3]. - The company has not made any significant changes to its accounting policies or estimates during the reporting period, ensuring consistency in financial reporting[189]. - The company adheres to the relevant accounting standards for the classification, measurement, and derecognition of financial instruments[136].