柘中股份(002346) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 428,192,737.08, representing a 10.18% increase compared to CNY 388,632,253.49 in the same period last year[10]. - The net profit attributable to shareholders of the listed company was a loss of CNY 151,460,144.72, a decrease of 167.77% from a profit of CNY 223,497,320.39 in the previous year[10]. - The net profit after deducting non-recurring gains and losses was CNY 47,006,181.81, down 18.97% from CNY 58,008,077.31 in the same period last year[10]. - The basic earnings per share were -CNY 0.35, a decline of 168.63% from CNY 0.51 in the same period last year[10]. - The weighted average return on net assets was -5.35%, a decrease of 13.39% compared to 8.04% in the previous year[10]. - The total profit for the first half of 2024 was a loss of ¥194,969,341.11, compared to a profit of ¥260,726,437.63 in the same period of 2023[82]. - The company reported a significant loss in fair value changes amounting to ¥-237,139,337.97, compared to a gain of ¥140,572,378.41 in the first half of 2023[81]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 9,061,041.89, a significant improvement of 160.81% compared to a negative cash flow of CNY 14,901,027.09 in the previous year[10]. - The company's operating cash flow for the first half of 2024 was ¥9,061,041.89, a significant improvement compared to a negative cash flow of ¥14,901,027.09 in the same period of 2023, indicating a turnaround in operational efficiency[86]. - The ending cash and cash equivalents balance decreased to ¥42,396,856.03 from ¥155,275,488.75 year-over-year, indicating a significant reduction in liquidity[87]. - The company reported a net cash decrease of ¥127,509,991.30 for the first half of 2024, compared to a net increase of ¥4,913,369.61 in the same period of 2023, highlighting challenges in cash management[87]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,023,456,008.22, down 8.27% from CNY 4,386,249,575.37 at the end of the previous year[10]. - The total liabilities decreased from CNY 1,466,114,685.12 to CNY 1,341,946,333.89, a reduction of approximately 8.5%[76]. - Current liabilities increased from CNY 452,947,830.97 to CNY 564,435,663.60, an increase of about 24.6%[79]. - Non-current liabilities decreased from CNY 455,002,459.54 to CNY 366,527,414.20, a decrease of approximately 19.5%[76]. Investments and Dividends - The company plans not to distribute cash dividends or issue bonus shares for this period[2]. - The company made investments totaling ¥60,000,000.00 during the reporting period, unchanged from the previous year[26]. - The company is actively involved in investments in sectors such as silicon carbide, lithium materials, and integrated circuits to diversify its portfolio[34]. - The company’s investment income recorded a loss of ¥35,259,745.05, accounting for 18.08% of total profit, indicating non-sustainability[22]. Market and Industry Position - The company faces risks related to declining gross margins due to macroeconomic conditions and industry competition[2]. - The main business focus includes the manufacturing of complete switchgear and investment activities, with a strong emphasis on the semiconductor and integrated circuit sectors[15]. - The company has established a robust sales network, which is crucial for achieving scale growth and enhancing overall strength in the competitive market[18]. Environmental and Social Responsibility - The company has invested in environmental protection by hiring qualified third-party organizations for regular monitoring of wastewater, waste gas, and noise, ensuring compliance with environmental regulations[39]. - The company has maintained a commitment to sustainable development, focusing on energy conservation and pollution reduction[40]. - The company actively engages in community support and public welfare activities, receiving recognition from local government for its contributions[41]. Governance and Compliance - The company has established a comprehensive internal control system to protect shareholder rights and ensure transparent governance[40]. - The company has not reported any instances of exceeding emission limits during normal operations, with all monitored pollutants meeting the GB13223-2011 standards[38]. - There were no significant legal disputes or arbitration matters reported during the period[42]. Shareholder Information - The total number of shares outstanding is 441,575,416, with 10.60% held as limited sale condition shares[63]. - The largest shareholder, Shanghai Kangfeng Investment Management Co., Ltd., holds 42.59% of the shares, totaling 188,046,710 shares[66]. - The company reported a total of 27,462 shareholders at the end of the reporting period[64]. Accounting and Financial Reporting - The financial statements were prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy[100]. - The company recognizes its share of assets and liabilities in joint ventures, applying the equity method for investments in joint ventures[112]. - The company is committed to transparency in its financial reporting, reflecting its operational results and cash flows accurately in its consolidated financial statements[106].