TKC(200512)2024-08-09 08:52Financial Performance - The company's operating revenue for the reporting period was ¥788,085,998.03, representing a 26.01% increase compared to ¥625,410,489.15 in the same period last year[10]. - The net profit attributable to shareholders of the listed company was ¥33,989,579.63, up 20.03% from ¥28,317,860.90 in the previous year[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 56.60%, reaching ¥29,146,017.36 compared to ¥18,611,221.40 in the same period last year[10]. - The basic earnings per share for the reporting period was ¥0.18, a 20.00% increase from ¥0.15 in the previous year[10]. - The company achieved a total profit of 49.72 million yuan, an increase of 15.82% compared to the same period last year[17]. - The net profit attributable to shareholders reached 33.99 million yuan, reflecting a 20.03% year-on-year increase[17]. - Total operating revenue amounted to 788,085,998.03 yuan, representing a 26.01% increase from 625,410,489.15 yuan in the previous year[18]. - The operating profit for the first half of 2024 was ¥49,625,909.47, an increase of 29% compared to ¥38,459,814.02 in the first half of 2023[73]. - The net profit for the first half of 2024 was ¥44,517,418.07, up 18% from ¥37,769,827.96 in the first half of 2023[73]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,548,042,164.94, showing a decrease of 1.63% from ¥2,590,275,267.50 at the end of the previous year[10]. - The net assets attributable to shareholders of the listed company were ¥1,062,672,624.55, down 1.14% from ¥1,074,939,227.19 at the end of the previous year[10]. - The company's cash and cash equivalents decreased to ¥347,066,157.87, accounting for 13.62% of total assets, down 8.28% from the end of the previous year[23]. - The accounts receivable increased to ¥224,371,968.97, representing 8.81% of total assets, up 1.21% from the previous year[23]. - The total liabilities include lease liabilities of ¥393,273,771.37, which is 15.43% of total assets, reflecting a slight increase from the previous year[24]. - The total liabilities decreased to ¥1,031,846,373.81 from ¥1,055,891,427.35, a reduction of 2.28%[69]. - The company's equity attributable to shareholders decreased to ¥1,062,672,624.55 from ¥1,074,939,227.19, a decline of 1.14%[69]. Cash Flow - The net cash flow from operating activities was -¥26,296,992.61, an improvement of 11.60% compared to -¥29,747,497.40 in the same period last year[10]. - The company reported a total cash inflow from investment activities of ¥382,562,766.65, compared to ¥416,738,502.69 in the same period of 2023[80]. - Cash flow from financing activities resulted in a net outflow of ¥37,562,013.34, an improvement from a net outflow of ¥55,481,438.91 in the first half of 2023[80]. - The company’s cash flow from operating activities showed a significant increase in cash payments to employees, rising to 3,016,039.56 CNY from 2,876,032.08 CNY year-over-year[81]. Research and Development - The company filed 25 patent applications and obtained 16 R&D patent authorizations during the reporting period[16]. - Research and development investment increased by 10.40% to 32,146,701.14 yuan, indicating a commitment to innovation[18]. - The company is enhancing product research and technological innovation to increase the added value and competitiveness of export goods[33]. Market and Competition - The company maintained a dual circulation strategy, focusing on both global and domestic markets to enhance competitiveness[16]. - The small home appliance industry faces intense competition, particularly in mature markets like North America and Europe, with a significant increase in market share battles[35]. - Domestic consumption and investment are gradually recovering, but effective demand remains weak, impacting the small household appliance sector[32]. Legal and Compliance - The company reported a lawsuit involving its subsidiary, Zhangzhou Cankun Industrial Co., Ltd., against Zhuoli Electric Group Co., Ltd., with a claimed amount of ¥3.35 million (approximately $0.5 million) for patent infringement[48]. - The company is involved in multiple patent disputes, including a case against the National Intellectual Property Administration regarding a patent invalidation decision, with the first-instance ruling upholding the invalidation[49]. - The company has engaged in mediation for a contract dispute, with a resolution involving the return of property and equipment[49]. - The company’s financial disclosures indicate no significant penalties or compliance issues reported during the period[50]. Shareholder Information - The company reported a total share capital of 185,391,680 shares as of the last trading day before disclosure[11]. - The total number of common shareholders at the end of the reporting period was 13,699, with the largest shareholder, FORDCHEE DEVELOPMENT LIMITED, holding 29.10% of shares, equating to 53,940,530 shares[58]. - EUPA INDUSTRY CORPORATION LIMITED, the second-largest shareholder, held 13.09% of shares, totaling 24,268,840 shares[58]. - The company has not planned to distribute cash dividends or issue new shares in the first half of 2024[44]. Future Outlook and Risks - The company faces risks from geopolitical tensions and rising transportation costs, which may reshape global trade patterns[32]. - The prices of industrial raw materials have shown volatility, with significant increases in copper, aluminum, and oil prices expected in the second half of 2024[40]. - The international trade environment is complex, with challenges such as inflation affecting consumer purchasing power and rising shipping costs due to geopolitical tensions[41]. Accounting Policies - The company recognizes revenue when the company fulfills its performance obligations, which occurs when the customer obtains control of the goods[195]. - Financial assets are classified into three categories: amortized cost, fair value through profit or loss, and fair value through other comprehensive income[122]. - The company assesses expected credit losses for receivables and other financial assets based on objective evidence of impairment[131]. - The company recognizes impairment losses for long-term assets when their recoverable amount is less than their carrying value, with impairment losses not reversible in future periods[183].