Financial Performance - The company reported a significant increase in revenue for the first half of 2024, with total revenue reaching RMB 500 million, representing a 25% growth compared to the same period last year[5]. - The company's operating revenue for the reporting period was ¥450,434,922.22, representing a 12.10% increase compared to ¥401,812,539.69 in the same period last year[11]. - Net profit attributable to shareholders decreased by 25.89% to ¥38,206,512.68 from ¥51,552,893.17 year-on-year[11]. - The net profit after deducting non-recurring gains and losses was ¥28,798,028.99, down 33.25% from ¥43,145,328.15 in the previous year[11]. - The total comprehensive income for the first half of 2024 was ¥25,247,888.73, compared to ¥50,700,070.63 in the same period of 2023, indicating a significant decline[113]. - The basic earnings per share for the first half of 2024 was ¥0.28, down from ¥0.51 in the first half of 2023[113]. - The total equity attributable to shareholders rose to CNY 1,447,352,445.49, up from CNY 1,438,092,161.20, marking an increase of about 0.8%[107]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2025[5]. - A strategic acquisition of a local competitor is in progress, which is anticipated to increase market share by 5%[5]. - The company has set a future outlook with a revenue target of RMB 1 billion for the full year 2024, indicating a 20% increase from the previous year[5]. - The company is focusing on product and technology development in the automotive and new energy sectors, optimizing key production processes to improve efficiency and yield[29]. Research and Development - The company has allocated RMB 50 million for research and development in new technologies for the upcoming fiscal year[5]. - The company added 3 new invention patents in the first half of 2024, focusing on innovations in optical modules, secondary power supplies, and high-frequency boards[16]. - The company focuses on the R&D of key products such as thick copper boards and Mini LED optical boards, continuously improving production processes to meet specific customer requirements[20]. - The company has developed a Mini LED production technology that ensures effective curing of insulating white oil bridges, addressing industry challenges[22]. - The company emphasizes continuous investment in research and development to maintain its technological and process capabilities[20]. Environmental Compliance - The company has obtained environmental permits, including a pollution discharge permit valid until July 7, 2028[59]. - The company reported that all wastewater discharge parameters met the annual standards, with no exceedances recorded[60]. - The company has implemented measures to ensure that all pollutants are treated to meet the required standards before discharge[61]. - The company has invested in pollution control facilities and equipment to ensure compliance with environmental standards, continuously enhancing its environmental management system[70]. - The company categorizes solid waste into general industrial waste, hazardous waste, and employee domestic waste, adhering to principles of resource recovery and reduction[68]. Financial Position and Investments - The total assets at the end of the reporting period were ¥2,117,688,002.21, an increase of 7.97% from ¥1,961,338,385.73 at the end of the previous year[11]. - The company has raised a total of CNY 97,196.91 million from its initial public offering, with a net amount of CNY 87,158.59 million after deducting issuance costs[37]. - The company has invested CNY 1,817.6 million from the raised funds during the reporting period, with a cumulative investment of CNY 9,927.2 million[38]. - The company has a total of CNY 7,922.4 million in unallocated raised funds, with CNY 11,000 million directed towards the construction of the Thailand project[39]. - The company has pledged several assets for bank loans, including fixed assets valued at CNY 131,407,877.04 and intangible assets valued at CNY 11,969,324.00[34]. Operational Efficiency - The company has achieved a drilling efficiency rate of over 97% for multilayer PCBs through optimized drilling methods, significantly reducing production costs[22]. - The company has implemented a dust removal technology that enhances cleaning efficiency and reduces labor costs in the production process[22]. - The company operates three production bases, enhancing its ability to meet diverse customer needs and ensuring differentiated production management strategies[18]. - The company has successfully commenced trial production at its Thailand subsidiary, which began operations in June 2024, leading to new capacity and order expectations[16]. Shareholder Information - The largest shareholder, JI'an Jiarun Investment Co., Ltd., holds 68,000,000 shares, accounting for 50.51% of total shares[97]. - The company has no foreign shareholding, with all shares held domestically[94]. - The total number of shares before the change was 134,621,760, with 100% ownership[95]. - The number of restricted shares decreased by 1,735,781, resulting in a total of 100,966,320 restricted shares after the change, representing 75% of total shares[96]. Risk Management - The company has identified potential risks including supply chain disruptions, with mitigation strategies outlined in the report[1]. - The company has not engaged in any derivative investments or entrusted loans during the reporting period[46]. - The company has not sold any significant assets or equity during the reporting period[47]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[71]. Awards and Recognition - In 2023, the company received multiple awards from clients including Schneider and Longhua Power, enhancing its reputation in the industry[19]. - The company has been recognized as a high-tech product in Guangdong Province for its high TG printed circuit boards, indicating its advanced technological capabilities[22]. - The company has been recognized as a "National High-tech Enterprise" and has received various provincial awards for its innovation and growth[25].
威尔高(301251) - 2024 Q2 - 季度财报