凯众股份(603037) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 reached ¥346,066,486.88, representing a 14.74% increase compared to ¥301,596,199.93 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥44,562,231.22, a significant increase of 46.02% from ¥30,518,017.43 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥38,800,236.43, up 37.68% from ¥28,182,365.32 year-on-year[17]. - The basic earnings per share for the first half of 2024 was ¥0.31, an increase of 47.62% compared to ¥0.21 in the same period last year[18]. - The company achieved a net profit of 81,544,196.64 CNY after extracting a 5% incentive fund of 4,258,000.00 CNY based on the 2020 net profit target[57]. - The company reported a significant reduction in accounts payable, which fell to CNY 149,678,643.24 from CNY 182,564,212.62, a decrease of 18.0%[91]. - The company achieved an operating profit of CNY 47,557,434.34, compared to CNY 24,182,910.13 in the previous year, marking an increase of 96.5%[94]. Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥1,129,579,144.14, a decrease of 2.84% from ¥1,162,561,572.95 at the end of the previous year[17]. - The total liabilities decreased to CNY 221,887,671.50 from CNY 242,252,922.38, indicating a reduction of approximately 8.4%[88]. - The company's cash and cash equivalents decreased to CNY 169,400,026.78 from CNY 207,044,058.18, representing a decline of about 18.1%[86]. - The company's total equity attributable to shareholders decreased to CNY 900,914,875.93 from CNY 911,791,087.24, a decline of about 1%[88]. - The company's retained earnings decreased to CNY 291,457,087.56 from CNY 315,016,230.84, a decline of about 7.5%[88]. Market Position and Strategy - The company has a domestic market share of approximately 36% in the automotive chassis suspension system damping components, with significant brand recognition internationally[21]. - The company has established strategic partnerships with major domestic automotive manufacturers, including BYD, Honda, and Great Wall Motors, enhancing its customer resource coverage[21]. - The company is actively expanding its global market presence, supplying products to renowned international automotive companies such as Porsche, GM, and Ford[21]. - The company has achieved a domestic market share of 36% in the chassis suspension system damping components, breaking the long-standing monopoly of foreign enterprises[30]. - The company has established strategic partnerships with major domestic automakers, including BYD, Honda, and Geely, enhancing its customer resource coverage[30]. Research and Development - The company has applied for and received acceptance for 19 patents during the reporting period, bringing the total number of accepted patents to 198, with 143 patents granted[29]. - The company has developed a vehicle dynamics analysis software for 1/4 vehicle testing, improving its overall system understanding and design capabilities[29]. - The company has made significant investments in new material research and development, which have been applied to mass production, helping to control product costs amid fluctuating raw material prices[37]. - Research and development expenses decreased to CNY 28,406,011.28 from CNY 33,875,388.79, a reduction of 16.15%[40]. Environmental Initiatives - The company has implemented measures to reduce VOC emissions and solid waste, enhancing raw material utilization and expanding solid waste recycling[62]. - The company has established a comprehensive environmental protection system to manage waste and emissions, ensuring compliance with relevant standards[62]. - The company has achieved a significant reduction in carbon emissions through the use of green energy and energy-saving measures[63]. Corporate Governance - The company aims to establish a long-term service shareholding plan for core employees to align their interests with shareholders[56]. - The company has implemented a long-term service shareholding plan, with 255,000 shares purchased, accounting for approximately 0.24% of the total share capital[57]. - The company is focused on optimizing its corporate governance structure and enhancing the incentive mechanism for senior management[57]. - The company held one shareholders' meeting during the reporting period, ensuring all shareholders could fully exercise their rights[54]. Financial Management - The company has not reported any non-operating fund occupation by major shareholders or related parties during the reporting period[69]. - The company has adhered to the commitments made during its initial public offering regarding the management of its operations[67]. - The company has established a linkage between the compensation system of the board and the execution of return measures[68]. - The company has approved a stock option and restricted stock incentive plan for 2024, proposing to grant a total of 4.07 million shares to incentive objects[57]. Shareholder Information - The largest shareholder, Yang Yingtao, holds 22,928,161 shares, representing 12.02% of total shares[80]. - The chairman, Yang Jiangang, increased his shareholding from 9,079,727 to 12,711,618 shares during the reporting period, an increase of 3,631,891 shares[84]. - The total number of shares held by the top ten shareholders includes significant increases, with the second-largest shareholder, Ren Company, holding 18,650,202 shares, or 9.78%[80]. - The company distributed a cash dividend of 0.5 yuan per share (before tax) during the reporting period[84]. Risk Factors - The company faces risks from macroeconomic fluctuations, exchange rate volatility, and intense industry competition, which could impact sales and costs[51]. - The company is exposed to raw material price fluctuations, particularly for plastics, polyurethane chemicals, and metals, which could affect gross margins[51].