JHCC(002484)2024-08-27 09:11Financial Performance - The company's operating revenue for the first half of 2024 was ¥2,363,794,402.37, a decrease of 4.43% compared to ¥2,473,393,488.20 in the same period last year[11]. - Net profit attributable to shareholders was ¥347,424,845.01, down 3.91% from ¥361,571,398.05 year-on-year[11]. - The net cash flow from operating activities was ¥319,570,764.34, reflecting a decrease of 4.64% from ¥335,137,663.13 in the previous year[11]. - The company reported a basic earnings per share of ¥0.4106, down 4.44% from ¥0.4297 in the same period last year[11]. - The weighted average return on net assets decreased to 6.32% from 7.18% in the previous year[11]. - The company reported a significant increase in financing activities, with cash flow from financing activities at -¥342,461,813.76, up 889.21% from -¥34,619,554.92 due to increased cash dividends[20]. - The company reported a net profit of 1,711 million yuan for the first half of 2024, compared to 1,445 million yuan in the same period last year, indicating a year-on-year increase of about 18.43%[95]. - The total comprehensive income for the period was 245 million yuan, reflecting a significant recovery from a loss of 1,012 million yuan in the previous period[94]. Market Strategy and Expansion - The company plans to expand its domestic market sales while utilizing its subsidiary AIC in Japan as a new export base[1]. - The company aims to increase the proportion of self-developed core materials and accelerate the launch of new products to mitigate the impact of market uncertainties[1]. - The company aims to enhance its market share in aluminum electrolytic capacitors across industrial control, new energy, and automotive sectors[15]. - The company is focusing on expanding its film capacitor production to meet the rapidly growing demand in the electric vehicle sector[15]. - The company plans to enhance exports of high-tech new products to mitigate the impact of regionalization on its operations[40]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[84]. - Market expansion plans include entering two new international markets by Q4 2024, aiming for a 5% market share in each[111]. Research and Development - Research and development investment increased by 20.61% to ¥136,398,379.03, up from ¥113,089,574.12, driven by intense market competition[20]. - The company is investing in R&D, allocating 100 million RMB towards the development of new technologies and products[111]. - The company is focusing on technological advancements and innovation in capacitor manufacturing to meet increasing market demands[93]. Financial Position and Assets - Total assets at the end of the reporting period were ¥7,281,856,291.73, a slight increase of 0.26% from ¥7,263,050,307.80 at the end of the previous year[11]. - Cash and cash equivalents decreased by CNY 162,984,195.11, reflecting a decline of 284.74% due to comprehensive reasons including operations, investments, and financing[21]. - The company's total assets at the end of the reporting period amounted to 5,145 million yuan, reflecting a stable asset base for ongoing operations[93]. - The total equity of Nantong Jianghai Capacitor Co., Ltd. at the end of the reporting period is 4,571 million yuan, showing an increase from the previous year's total equity of 4,192 million yuan, representing a growth of approximately 9.06%[91]. Shareholder Information - The company will not distribute cash dividends or issue bonus shares for this period[1]. - The company held its annual general meeting on May 9, 2024, with a participation rate of 33.86%[42]. - The total number of shareholders at the end of the reporting period was 29,432, with the largest shareholder, Yiwei Investment, holding 28.82% of the total shares[59]. - The total number of shares increased from 846,090,241 to 850,274,941 due to the exercise of stock options under the 2018 stock option incentive plan, with 5,241,400 options exercised by 166 participants[55]. Risk Management - The company is facing exchange rate risks due to a significant proportion of export products, and measures are being taken to mitigate these risks[1]. - The company has not reported any significant environmental issues or administrative penalties during the reporting period[45]. - The company has not engaged in any major related party transactions or significant contracts during the reporting period[49]. Compliance and Governance - The financial report for the first half of 2024 has not been audited[49]. - The company has not experienced any bankruptcy reorganization or significant penalties during the reporting period[49]. - The company has maintained a clean integrity status with no reported issues from its controlling shareholders or actual controllers[47]. - The company adheres to the accounting standards and ensures that the financial statements accurately reflect its financial position and operating results[103]. Future Outlook - The company has provided a positive outlook for the second half of 2024, projecting a revenue growth of 10% to 12%[111]. - New product launches are expected to contribute an additional 200 million RMB in revenue by the end of 2024[111]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million RMB for potential acquisitions[111].