龙磁科技(300835) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 was ¥447,502,974.01, representing an increase of 11.19% compared to ¥402,484,988.63 in the same period last year[19]. - The net profit attributable to shareholders of the listed company decreased by 8.67% to ¥56,768,866.26 from ¥62,160,275.20 in the previous year[19]. - The net profit after deducting non-recurring gains and losses fell by 19.97% to ¥47,209,320.45, down from ¥58,989,225.25 in the same period last year[19]. - Basic earnings per share decreased by 30.74% to ¥0.6095 from ¥0.88 in the same period last year[19]. - The company achieved operating revenue of 447.50 million yuan, an increase of 11.19% compared to the same period last year[30]. - The net profit attributable to shareholders was 56.77 million yuan, a decrease of 8.61% year-on-year[30]. - The company reported a total comprehensive income of CNY 58,000,000.00, compared to 48,900,000.00 CNY in the previous period, marking an increase of about 18.1%[139]. - The company reported a total comprehensive income of CNY 29,840,157.87 for the first half of 2022, compared to CNY 28,404,479.04 in the previous year, which is an increase of about 5.06%[131]. Cash Flow and Investments - The net cash flow from operating activities increased by 18.30% to ¥57,733,037.83, compared to ¥48,804,183.51 in the previous year[19]. - The company reported a significant increase in investment activities, with net cash flow from investing activities at -¥107,734,494.30, a 153.71% increase from -¥42,463,815.42[35]. - The company raised CNY 180,508,011.81 through borrowings in the first half of 2022, compared to CNY 90,525,964.44 in the same period of 2021, showing a significant increase in financing[134]. - The net cash flow from financing activities was 41,155,990.02 CNY, compared to a negative cash flow of 20,329,760.70 CNY in the previous period, indicating a significant improvement[136]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,524,052,913.15, a growth of 23.34% from ¥1,235,669,236.24 at the end of the previous year[19]. - Total liabilities reached CNY 554,298,805.92, compared to CNY 282,887,515.83 at the start of the year, showing an increase of approximately 96%[121]. - Current assets rose to CNY 786,480,932.73, compared to CNY 622,379,429.12 at the beginning of the year, marking an increase of about 26.4%[119]. - The total liabilities at the end of the current period are 581 million, compared to 579 million in the previous period, reflecting a marginal increase of 0.3%[143]. Research and Development - The company has a strong focus on R&D, with a dedicated center and a commitment to continuous technological innovation, which has led to the development of high-performance products[32]. - Research and development expenses increased by 67.39% to ¥28,631,512.88 from ¥17,104,448.92, reflecting the company's commitment to enhancing R&D investment[35]. - The company is actively expanding its soft magnetic product line, focusing on soft magnetic powder materials and high-frequency magnetic devices, with applications in photovoltaic energy storage and electric vehicles[27]. Shareholder and Capital Management - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company approved a share repurchase plan with a total amount not less than CNY 50 million and not exceeding CNY 80 million, having repurchased 1,020,680 shares, accounting for 0.8496% of the total share capital[96]. - The company reported a profit distribution of 76,500,000.00 CNY to shareholders, which includes allocations to surplus reserves and general risk reserves[139]. - The total number of unrestricted shares remained at 68,495,126, representing 57.03% of the total share capital[100]. Risk Management - The management has highlighted potential risks and countermeasures in the report, emphasizing the importance of investor awareness regarding investment risks[3]. - The company faces risks from macroeconomic downturns, including impacts from the COVID-19 pandemic and the US-China trade war, which may affect industry competitiveness and sales[58]. - The company plans to continuously upgrade product performance and strengthen competitive advantages to mitigate external market risks[59]. Corporate Governance and Compliance - The company has established good relationships with suppliers and customers, adhering to laws such as the Product Quality Law and Consumer Rights Protection Law[73]. - There were no significant environmental violations or penalties reported during the period, and the company complied with relevant environmental laws[70]. - The company actively fulfills its social responsibilities, contributing positively to its public image[70]. Financial Reporting and Accounting Policies - The financial report for the first half of the year was not audited[117]. - The financial statements are presented in RMB[118]. - The company has consolidated financial statements that include 10 subsidiaries, indicating a broad operational scope[152]. - The company utilizes the Chinese Yuan (RMB) as its functional currency for domestic operations, while foreign subsidiaries use their respective local currencies[159].