SBS(002098)2024-08-28 08:35Financial Performance - The company's operating revenue for the first half of 2024 reached ¥1,199,491,790.93, representing a 30.75% increase compared to ¥917,358,713.49 in the same period last year[11]. - Net profit attributable to shareholders was ¥123,019,717.71, a significant increase of 101.79% from ¥60,964,846.66 in the previous year[11]. - The net profit after deducting non-recurring gains and losses was ¥123,675,629.15, up 105.12% from ¥60,293,096.66 year-on-year[11]. - The net cash flow from operating activities was ¥111,253,352.51, reflecting a 43.22% increase from ¥77,677,827.33 in the same period last year[11]. - Basic earnings per share were ¥0.3436, which is a 101.76% increase compared to ¥0.1703 in the previous year[11]. - Total assets at the end of the reporting period amounted to ¥2,094,504,950.75, a 12.67% increase from ¥1,858,917,824.81 at the end of the previous year[11]. - The total profit for the same period was CNY 142 million, representing a year-on-year growth of 114.42%[15]. - The operating cost increased by 32.84% to CNY 785,068,194.20, primarily due to the rise in revenue[25]. - The gross profit margin for the zipper business was 33.48%, an increase of 1.52% compared to the previous year[27]. Business Segments - The zipper business generated CNY 1.013 billion in revenue, with a year-on-year increase of 28.43%[15]. - The cross-border e-commerce segment reported revenue of CNY 187 million, a significant year-on-year growth of 45.02%[15]. - The cross-border e-commerce subsidiary, Shenzhen Price Chain, achieved self-owned brand sales revenue of CNY 177.66 million, a 49.05% increase compared to the same period last year[17]. - Domestic revenue totaled ¥840,507,059.77, which is 70.07% of total revenue, reflecting a year-on-year increase of 28.94%[28]. Investment and Expansion - The company plans to establish a new factory in Bangladesh to enhance international market capacity[15]. - The company aims to enhance its international competitiveness by expanding overseas investments and optimizing product structure in response to macroeconomic challenges[46]. Risk Management - The company faces risks from macroeconomic downturns and uncertainties in the international trade environment[2]. - The company is exposed to raw material price fluctuations, with key materials including polyester chips and zinc alloys, which could increase production costs[48]. - The company reported a high accounts receivable balance, which poses a risk of bad debts if clients' financial conditions deteriorate[47]. - The company is actively monitoring exchange rate fluctuations to mitigate risks associated with its cross-border e-commerce operations[48]. Environmental Compliance - The company strictly adheres to various environmental protection laws and standards, including the "Environmental Protection Law of the People's Republic of China" and the "Air Pollution Prevention and Control Law" during its operations[51]. - The company has implemented a comprehensive monitoring system for pollutant emissions, ensuring all discharge points are within legal limits[55]. - The total discharge of ammonia nitrogen was 0.0282 tons, with a permitted discharge limit of 0.664 tons, indicating no exceedance of standards[53]. - The company has invested CNY 275,000 in upgrading organic waste gas treatment facilities, achieving over 95% filtration efficiency for paint particles[60]. Corporate Governance - The company held its first temporary shareholders' meeting in January 2024 with a participation rate of 41.90%[49]. - The company is committed to improving corporate governance in line with new regulatory guidelines[93]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[63]. Shareholder Information - The company’s major shareholders include Tianjin Huizefeng Enterprise Management Co., Ltd. with a 25% stake and Fujian Xunxing Group Co., Ltd. with a 19.18% stake[100]. - Major shareholder Fujian Xunxing Group Co., Ltd. has increased its stake by 12.78 million shares, representing approximately 3.57% of the total share capital[91]. - The company has approved a total guarantee amount of CNY 5,000 million for subsidiaries, with no actual guarantees executed during the reporting period[85]. Financial Reporting - The company’s financial report for the first half of 2024 has not been audited yet[66]. - The financial report consolidation scope includes the company and 20 controlled or indirectly controlled entities, covering both zipper and cross-border e-commerce businesses[142]. - The financial report was approved by the board of directors on August 27, 2024[143]. Research and Development - The company’s R&D investment for the first half of 2024 was CNY 48,948,983.99, a slight increase of 2.56% from the previous year[25]. - The company added 18 new authorized patents in the first half of 2024, bringing the total to 704, including 248 invention patents, 327 utility model patents, and 129 design patents[97].