海星股份(603115) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was ¥898,871,038.68, a slight increase of 0.06% compared to ¥898,371,286.51 in the same period last year[15]. - Net profit attributable to shareholders for the first half of 2024 reached ¥50,810,433.87, representing a significant increase of 35.30% from ¥37,553,451.68 in the previous year[15]. - The net profit after deducting non-recurring gains and losses was ¥46,068,314.37, up 75.89% from ¥26,192,095.10 in the same period last year[15]. - The net cash flow from operating activities surged to ¥81,784,420.78, a remarkable increase of 647.50% compared to ¥10,941,063.32 in the previous year[15]. - The basic earnings per share for the first half of 2024 was ¥0.2124, reflecting a growth of 32.09% from ¥0.1608 in the same period last year[16]. - The diluted earnings per share also stood at ¥0.2124, marking a 32.09% increase year-on-year[16]. - The weighted average return on net assets increased to 2.52%, up by 0.66 percentage points from 1.86% in the previous year[16]. - The company reported a total comprehensive income of ¥52,357,935.29 for the first half of 2024, compared to ¥41,235,876.60 in the same period of 2023, representing a growth of 26.9%[79]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,365,597,622.84, a decrease of 1.21% from ¥2,394,547,881.99 at the end of the previous year[15]. - The net assets attributable to shareholders decreased by 3.38% to ¥1,921,901,845.86 from ¥1,989,143,910.57 at the end of the previous year[15]. - Total liabilities increased to CNY 443,695,776.98 from CNY 405,403,971.42, representing a growth of about 9.4%[73]. - The total equity of the company decreased to ¥1,621,140,192.13 from ¥1,717,707,257.81, a decline of approximately 5.6%[76]. Cash Flow - Cash flow from operating activities generated a net amount of CNY 81,784,420.78, significantly up from CNY 10,941,063.32 in the first half of 2023[83]. - The company reported a significant decrease in cash and cash equivalents at the end of the period, totaling CNY 296,520,916.52, compared to CNY 301,241,798.78 at the end of the first half of 2023[85]. - The cash flow from financing activities resulted in a net outflow of 119,600,000.00 RMB, primarily due to dividend payments[87]. Research and Development - Research and development expenses amounted to 62.05 million RMB, a decrease of 3.94% compared to the previous year, indicating a focus on efficiency[26]. - The company focuses on the R&D, production, and sales of aluminum electrolytic capacitor electrode foils, which are essential for various high-tech applications including renewable energy and electric vehicles[21]. Environmental and Social Responsibility - The company has implemented a digital control system for environmental protection, enhancing the efficiency of wastewater treatment and reducing chemical and energy consumption[49]. - The company has not faced any administrative penalties for environmental issues during the reporting period[47]. - The main pollutants from Nantong Haixing Electronics Co., Ltd. and Nantong Haiyi Electronics Co., Ltd. include pH, COD, NH3-N, TN, and TP, which are treated to meet discharge standards[40]. Shareholder Information - The company distributed cash dividends of 5.0 RMB per 10 shares, totaling 119.6 million RMB, which represents 87.43% of the net profit attributable to shareholders for 2023[24]. - The total number of common shareholders as of the end of the reporting period is 13,427[67]. - The largest shareholder, Nantong Xinhai Star Investment Co., holds 141,180,000 shares, accounting for 59.02% of total shares[67]. Market and Industry Trends - The installed capacity of wind and solar power in China reached 1.18 billion kilowatts by the end of June 2024, a year-on-year increase of 37.2%, surpassing coal power for the first time[21]. - The production and sales of new energy vehicles in China reached 4.929 million and 4.944 million units respectively in the first half of 2024, with year-on-year growth of 30.1% and 32%[21]. - The demand for aluminum electrolytic capacitors is expected to grow steadily due to the increasing use in renewable energy and electric vehicles, driven by national strategies and market trends[21]. Risks and Challenges - The company faces market competition risks in the electrode foil industry, which is characterized by intense competition and requires continuous product innovation to maintain a competitive edge[34]. - The company is exposed to raw material and energy price fluctuation risks, particularly concerning aluminum prices, which can impact procurement costs and profitability[34]. - The company’s export business primarily uses USD for transactions, exposing it to currency fluctuation risks due to RMB exchange rate volatility[35]. Corporate Governance - The company has committed not to seek improper benefits that may harm the rights of other shareholders while being the controlling shareholder[54]. - There are no significant litigation or arbitration matters during the reporting period[56]. - The company has not provided any guarantees for shareholders, actual controllers, or their related parties during the reporting period[59]. Investment and Capital Expenditure - The new generation high-performance electrode foil project has a planned investment of CNY 12,217.19 million, with a cumulative investment of CNY 10,034.51 million, achieving an investment progress of 82.13%[63]. - The national enterprise technology center upgrade project has a planned investment of CNY 4,000 million, with a cumulative investment of CNY 3,728.73 million, achieving an investment progress of 93.22%[63]. - The company has temporarily supplemented working capital with idle raised funds, with a cash management balance of CNY 2,500 million as of the reporting period[65].