BROADEX(300548)2024-08-16 11:48Financial Performance - The company's operating revenue for the reporting period was ¥752,082,346.02, a decrease of 20.50% compared to the previous year's revenue of ¥945,997,481.77[12]. - The net profit attributable to shareholders was ¥13,775,022.26, reflecting a significant decline of 91.14% from the previous year's net profit of ¥155,539,022.86[12]. - The net profit after deducting non-recurring gains and losses was ¥10,267,017.51, down 74.94% from the previous year's figure[12]. - The basic earnings per share decreased to ¥0.05, a drop of 91.53% compared to the previous year's earnings of ¥0.59[12]. - The company's operating costs were ¥587,852,099.17, down 24.21% year-on-year[37]. - The company reported a net cash flow from operating activities of ¥83,226,846.15, an increase of 2.09% compared to the previous year[37]. - The company reported a net profit of -CNY 14.99 million from Chengdu Rongbo Communication Technology Co., Ltd., a decrease of 191.76% compared to the same period last year[67]. - The total comprehensive income for the first half of 2024 was ¥55.34 million, compared to ¥180.39 million in the same period of 2023, reflecting a significant decline[130]. Market and Business Focus - The company is focused on the optical communication sector, utilizing technologies such as Planar Lightwave Circuit (PLC) and Dense Wavelength Division Multiplexing (DWDM)[5]. - The company’s main business focuses on the R&D, production, and sales of integrated optoelectronic devices in the optical communication field[18]. - The company is enhancing collaboration among its domestic and international production bases to meet global customer demands, with capacity expansions based on client needs[28]. - The telecommunications market saw a revenue decline of 47.05% year-on-year, totaling 367 million CNY, while the data communication, consumer, and industrial interconnection market grew by 52.70%, reaching 384 million CNY[26]. - The company is focusing on the development of 10G PON and next-generation PON optical modules, with a leading position in the domestic market for 10G PON OLT optical modules[30]. Research and Development - Research and development expenses amounted to 55.06 million CNY, representing 7.32% of total revenue, with ongoing advancements in PON products and new high-speed optical modules[27]. - The company is actively working to expand its market share and develop new product categories to mitigate the impact of market volatility[68]. - The company plans to increase R&D investments in new products and technologies to keep pace with rapid technological advancements in the optical communication industry[69]. - The company is developing several new products, including 10G PON OLT/ONU modules and 25/50G PON modules, which are partially completed and expected to enhance market share[39]. Investments and Financial Management - The company has invested ¥629.89 million in the "Annual Production of 2.45 Million Silicon Optical Transceiver Modules" project, which is only 3.42% of the planned funding[34]. - The company has established comprehensive business supervision regulations and internal control mechanisms for its overseas investments, ensuring asset safety[43]. - The total amount of raised funds reached CNY 1,007.28 million, with CNY 107.14 million invested during the reporting period[53]. - The company has invested ¥668,559,400.00 in purchasing financial assets during the reporting period[51]. - The company has a total of 218 authorized patents, including 118 invention patents, 82 utility model patents, and 18 design patents[35]. Governance and Compliance - The financial report is guaranteed to be true, accurate, and complete by the company's management[2]. - The company maintains a robust governance structure, ensuring the protection of shareholder and creditor rights, with no instances of fund occupation by major shareholders[80]. - The company has complied with all relevant laws and regulations, with no significant violations reported during the period[81]. - The company has established strong relationships with suppliers and customers, adhering to legal regulations and ensuring product quality[80]. Shareholder Information - The company reported a total of 4,087.1 thousand yuan involved in non-significant litigation cases, with no major impact on operations[86]. - The total number of shares held by the top ten unrestricted shareholders includes 33,384,099 shares from Changfei Optical Fiber Cable Co., Ltd.[115]. - The company’s total share capital as of the reporting period is 287,017,954 shares[107]. - The largest shareholder, Changfei Optical Fiber Cable Co., Ltd., holds 19.30% of shares, totaling 55,384,099 shares[110]. Risk Management - The company emphasizes the importance of risk management and has detailed its potential operational risks in the report[2]. - The company faces risks related to fluctuations in demand from end customers, primarily telecom operators and data center operators, which may impact the demand for optoelectronic devices and overall financial performance[68]. - There is a risk of declining gross margins due to intense competition and price reductions in the optical device industry, which the company aims to counter by improving efficiency and reducing costs[68]. Cash Flow and Liquidity - The company experienced a decrease in cash and cash equivalents, which amounted to ¥961.65 million, down 6.73% from the previous year[41]. - The cash flow from operating activities was impacted by a decrease in cash received from sales, which fell to ¥288,960,642.39 from ¥448,275,541.00[136]. - The total cash inflow from operating activities was approximately ¥718.62 million, compared to ¥693.02 million in the first half of 2023[134]. Financial Reporting and Audit - The company’s half-year financial report was not audited[85]. - The financial statements were approved by the board on August 15, 2024, ensuring compliance with accounting standards[155]. - The company has established specific accounting policies for financial instruments, inventory, and fixed assets, which are crucial for accurate financial reporting[154].