麒盛科技(603610) - 2024 Q2 - 季度财报

Section I Definitions Definitions of Common Terms This chapter defines common terms used in the report, including "Keenon Technology," "Company," "the Company" referring to Keenon Technology Co., Ltd., and "Reporting Period" referring to January 1, 2024, to June 30, 2024 - The reporting period is defined as January 1, 2024, to June 30, 2024[5] - “Keenon Technology,” “Company,” and “the Company” all refer to Keenon Technology Co., Ltd[5] Section II Company Profile and Key Financial Indicators I. Company Information This section outlines the company's basic information, including its Chinese name, abbreviation, foreign name, and legal representative - The company's Chinese name is Keenon Technology Co., Ltd., abbreviated as Keenon Technology[6] - The company's legal representative is Tang Guohai[6] II. Contact Persons and Information This section provides contact information for the company's Board Secretary and Securities Affairs Representative, including names, addresses, phone numbers, fax numbers, and email addresses - The Board Secretary is Tang Mengtian, and the Securities Affairs Representative is Zhang Jie[7] - The company's contact address is No. 158 Qiumao Road, Wangjiangjing Town, Xiuzhou District, Jiaxing City, Zhejiang Province[7] III. Company Registered Address This section specifies the company's registered address, office address, postal code, and website - The company's registered and office address is No. 158 Qiumao Road, Wangjiangjing Town, Xiuzhou District, Jiaxing City, Zhejiang Province[8] - The company's website is **www.keeson.com**[8](index=8&type=chunk) IV. Information Disclosure and Document Custody Location Changes This section introduces the company's designated newspapers for information disclosure, website address, and report custody location, with no changes during the reporting period - The company's designated newspapers for information disclosure are Shanghai Securities News and Securities Times[8] - The website address for publishing the semi-annual report is **www.sse.com.cn**[8](index=8&type=chunk) V. Company Stock Overview This section provides basic information about the company's stock, including stock type, listing exchange, stock abbreviation, and stock code - The company's stock is A-shares, listed on the Shanghai Stock Exchange, with stock abbreviation Keenon Technology and stock code 603610[9] VII. Key Accounting Data and Financial Indicators This section discloses the company's key accounting data and financial indicators for H1 2024, showing a year-on-year decrease in operating revenue and net profit attributable to shareholders, but an increase in net profit after deducting non-recurring gains and losses Key Accounting Data for H1 2024 | Indicator | Current Period (Jan-Jun) (yuan) | Prior Year Period (yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,458,361,447.60 | 1,523,025,073.68 | -4.25 | | Net Profit Attributable to Listed Company Shareholders | 85,090,382.81 | 121,763,738.48 | -30.12 | | Net Profit Attributable to Listed Company Shareholders After Deducting Non-Recurring Gains/Losses | 121,336,003.64 | 101,954,609.47 | 19.01 | | Net Cash Flow from Operating Activities | 124,932,665.62 | -29,368,227.72 | Not Applicable | Key Financial Indicators for H1 2024 | Indicator | Current Period (Jan-Jun) | Prior Year Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (yuan/share) | 0.24 | 0.34 | -29.41 | | Diluted Earnings Per Share (yuan/share) | 0.24 | 0.34 | -29.41 | | Basic EPS After Deducting Non-Recurring Gains/Losses (yuan/share) | 0.34 | 0.29 | 17.24 | | Weighted Average Return on Net Assets (%) | 2.62 | 3.89 | Decrease of 1.27 percentage points | | Weighted Average Return on Net Assets After Deducting Non-Recurring Gains/Losses (%) | 3.74 | 3.25 | Increase of 0.49 percentage points | - The decline in net profit attributable to listed company shareholders was primarily due to increased unrealized losses from external investments and a slight decrease in sales[11] IX. Non-Recurring Gains and Losses Items and Amounts This section details non-recurring gains and losses items and their amounts for the reporting period, totaling -36,245,620.83 yuan Non-Recurring Gains and Losses Items and Amounts for H1 2024 | Non-Recurring Gains and Losses Item | Amount (yuan) | | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | 7,222,939.81 | | Government Grants Recognized in Current Profit or Loss | 14,485,198.31 | | Gains/Losses from Fair Value Changes of Financial Assets and Liabilities Held by Non-Financial Enterprises and from Disposal of Financial Assets and Liabilities | -19,245,477.68 | | Other Non-Operating Income and Expenses Apart from the Above | 2,273,005.72 | | Other Gains/Losses Items Meeting the Definition of Non-Recurring Gains/Losses | -38,954,182.30 | | Less: Income Tax Impact | 2,027,104.50 | | Minority Shareholder Equity Impact (After Tax) | 0.19 | | Total | -36,245,620.83 | Section III Management Discussion and Analysis I. Industry and Main Business Overview During the Reporting Period This section details the company's position in the smart furniture manufacturing industry, where market demand continues to grow, and its role as an industry leader focused on R&D, design, and manufacturing of smart adjustable beds, alongside continuous technological innovation and market expansion - The company's industry is "C Manufacturing", specifically "C21 Furniture Manufacturing", with the sub-industry being "Smart Furniture Manufacturing"[14] Key Financial Indicators for Furniture Manufacturing Industry, Jan-Jun 2024 | Indicator | Amount | YoY Growth Rate | | :--- | :--- | :--- | | Operating Revenue | 310.18 billion yuan | 5.0% | | Total Profit | 13.78 billion yuan | 3.8% | | Export Value of Furniture and Parts | 29.115 million yuan | 17.4% | - The global smart furniture market is projected to reach a size of 207.8 billion yuan by 2026, with continuous growth expected in the future[14] (I) Industry and Market Demand Changes The smart furniture manufacturing industry, particularly the smart adjustable bed sector, is experiencing continuous market demand growth, driven by consumer focus on sleep health and advancements in IoT and AI technologies, leading to rapid market penetration - Domestic furniture manufacturing operating revenue and total profit grew by 5.0% and 3.8% respectively in January-June 2024[14] - National export value of furniture and parts increased by 17.4% year-on-year in January-June 2024, indicating significant growth in domestic furniture exports[14] (II) Company's Industry Position The company is one of the earliest domestic enterprises engaged in R&D, design, production, and sales of smart adjustable beds, possessing multiple core technologies with independent intellectual property rights, and holds a leading technological and design advantage in the smart bed sector, positioning it as an industry leader - The company is one of the earliest domestic companies engaged in the R&D, design, production, and sales of smart adjustable beds, focusing on this niche market[14] - The company's smart beds achieve real-time monitoring of human health and sleep through "sensors" and "smart modules", filling a market gap[14] - The company collaborated with Zhejiang Tsinghua Yangtze River Delta Research Institute to establish Keenon Data, enhancing R&D investment and capabilities[15] [(III) Company's Business Operations During the Reporting Period](index=8&type=section&id=(III)%20Company's%20Business%20Operations%