博亚精工(300971) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was ¥175,555,842.90, a decrease of 10.82% compared to ¥196,857,571.01 in the same period last year[11]. - The net profit attributable to shareholders was ¥27,480,877.59, down 12.77% from ¥31,504,876.87 year-on-year[11]. - The net profit after deducting non-recurring gains and losses was ¥23,954,881.47, a decline of 13.47% compared to ¥27,684,476.59 in the previous year[11]. - The basic earnings per share were ¥0.33, down 13.16% from ¥0.38 in the same period last year[11]. - The diluted earnings per share also stood at ¥0.33, reflecting a 13.16% decrease compared to the previous year[11]. - The weighted average return on equity was 2.77%, down from 3.34% in the same period last year, a decrease of 0.57%[11]. - The company's gross profit margin for the first half of 2024 was approximately 11.9%, compared to 15.0% in the same period of 2023[94]. - Net profit for the first half of 2024 was CNY 26,529,876.83, a decline of 13.5% from CNY 30,689,795.86 in the previous year[95]. - The company reported a total comprehensive income of 26,155,993.40 CNY for the current period[108]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥10,374,944.28, compared to a negative cash flow of ¥12,151,629.03 in the same period last year, representing an increase of 185.38%[11]. - The net cash flow from financing activities decreased by 89.40%, amounting to -2,036,445.94 CNY compared to -19,211,300.63 CNY in the previous period[26]. - The net increase in cash and cash equivalents was 57,265,312.92 CNY, a 184.52% improvement from -67,750,548.98 CNY in the same period last year[26]. - Cash and cash equivalents at the end of the reporting period were 357,956,014.84 CNY, representing 28.38% of total assets, an increase from 24.14% the previous year[27]. - The company’s cash flow from operating activities showed a positive trend, indicating improved liquidity management[94]. - The net cash flow from operating activities for the first half of 2024 was ¥21,416,294.50, a significant improvement compared to a net outflow of ¥-13,902,853.51 in the same period of 2023, representing a turnaround of over 154%[101]. Revenue Segments - The company's revenue from precision equipment and key components in the strip forming processing segment increased by 20.84% year-on-year[18]. - The revenue from the special equipment supporting products segment decreased by 52.17% year-on-year due to demand structure adjustments[19]. - Revenue from special equipment components was 31,710,990.80 CNY, down 52.17% year-on-year, with a gross margin of 27.44%[26]. - Revenue from precision equipment and key components increased by 20.84% to 143,223,813.30 CNY, with a gross margin of 48.48%[26]. Research and Development - Research and development investment was ¥18,212,768.55, down 15.68% from ¥21,600,071.12 in the previous year[25]. - The company emphasizes independent research and development, ensuring that all sales are from self-developed products[19]. - The company has implemented a project responsibility system in its R&D, ensuring comprehensive control over projects from initiation to completion[22]. - The company is committed to improving its research and development system and incentivizing technical talent to maintain competitive advantages in the market[43]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,261,269,398.92, a decrease of 2.37% from ¥1,291,921,315.97 at the end of the previous year[11]. - The total liabilities decreased to CNY 262,853,713.16, down from CNY 285,658,371.86 year-on-year[94]. - Owner's equity increased from CNY 992,114,683.23 to CNY 999,786,397.44, a growth of approximately 0.7%[90]. - The company reported a decrease in accounts payable from CNY 83,644,165.12 to CNY 85,855,953.72, an increase of about 2.6%[90]. Shareholder and Stock Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[2]. - The company has fulfilled its commitment regarding the lock-up period for major shareholders, which lasts for 36 months from the date of listing[52]. - Major shareholders, including Li Wenxi and Cen Hong, have committed to not transferring or entrusting others to manage their shares during the lock-up period[52]. - The company has reported that all commitments made by its actual controllers and major shareholders have been fulfilled as of the reporting period[52]. Market and Industry Context - The company operates in the general equipment manufacturing industry, focusing on precision equipment and key components for the steel and non-ferrous metallurgy sectors[17]. - The total military budget in China for 2024 is 1.67 trillion yuan, with a growth rate of 7.2%, benefiting the special equipment supporting sector[19]. - The machine tool industry saw a revenue of 503.9 billion yuan in the first half of 2024, a year-on-year decline of 7.7%, while the metal forming machine tool sector grew by 3.0%[18]. Compliance and Governance - The company has established a confidentiality committee and office to enhance security measures against the risk of national secret leakage, ensuring compliance with confidentiality regulations[43]. - The company has not faced any environmental penalties during the reporting period and adheres to relevant environmental protection laws[50]. - The company has not reported any changes in accounting policies or prior period error corrections[106]. Future Outlook - The company plans to continue exploring market opportunities in the mechanical manufacturing sector, leveraging its technological accumulation and manufacturing system[24]. - The company plans to achieve the intended usable status for its fundraising project by the end of 2024, which aims to enhance production capacity for core components and intelligent precision equipment[44]. - The company plans to focus on market expansion and new product development in the upcoming quarters[94].