天准科技(688003) - 2024 Q2 - 季度财报

Company Information - The company's registered address has been changed to No. 188, Wutaishan Road, Suzhou High-tech Zone, effective from June 5, 2023[10] - The company's legal representative is Xu Yihua[10] - The company's website is www.tztek.com and the email address for investor relations is ir@tztek.com[10] - The company's selected information disclosure newspapers are "Shanghai Securities News" and "Securities Times"[11] - The semi-annual report is available on the website www.sse.com.cn[11] - The semi-annual report is kept at the company's board of directors office[11] Business Operations - The company's main business involves artificial intelligence (AI) and machine vision technologies[7] - The company is involved in the 3C (Computer, Communication, Consumer Electronics) product market[7] - The company is engaged in the development of technologies such as AOI (Automated Optical Inspection) and LDI (Laser Direct Imaging)[7][9] - The company is also involved in the semiconductor industry, focusing on process nodes and design verification (DV) testing[9] - The company has served over 5,000 mid-to-high-end industrial clients globally, showcasing its strong market presence and customer base[20] - The company's core products include visual measurement, inspection, and process equipment, with applications in consumer electronics, PCB, semiconductor, and automotive industries[21] - The company is expanding into the smart driving and robotics sectors, offering AI edge computing controllers and automotive-grade smart driving domain controllers[21] - The company's AI edge computing controllers are based on NVIDIA Jetson chips and are used in various scenarios such as unmanned delivery vehicles, smart transportation, and smart ports[21] - The company's automotive-grade smart driving domain controllers are developed using Horizon J5 or J6 AI chips, targeting high-level autonomous driving for passenger vehicles[21] - The company employs a direct sales model supplemented by distributors, with a strong presence in key economic regions in China and expanding markets in Europe, the US, South Korea, and Taiwan[22] - The company maintains a robust R&D focus, leveraging AI and precision opto-mechatronics technologies to enhance product competitiveness[20] - The company's production model includes both standardized products with predictable demand and customized equipment based on customer orders[22] - The company's pricing strategy considers factors such as design complexity, material costs, market demand, and competitive landscape, with adjustments made for design optimizations and material price fluctuations[23] - The company's revenue streams include product sales, upgrade services, and post-warranty calibration and replacement services, contributing to both primary and other business income[22] Financial Performance - Revenue for the reporting period (January to June) was 541,034,503.40 RMB, a 5.38% increase compared to the same period last year[12] - Net profit attributable to shareholders of the listed company was -26,245,342.57 RMB, a significant decrease compared to the same period last year[12] - R&D investment accounted for 28.37% of revenue, a decrease of 1.01 percentage points compared to the same period last year[13] - Net cash flow from operating activities was -46,093,199.28 RMB, a decrease of 45,088,800 RMB compared to the same period last year[13] - Total assets at the end of the reporting period were 3,394,614,263.04 RMB, a 5.15% increase compared to the end of the previous year[12] - Basic earnings per share were -0.1370 RMB/share, a decrease of 0.1592 RMB/share compared to the same period last year[13] - Weighted average return on equity was -1.42%, a decrease of 1.67 percentage points compared to the same period last year[13] - Non-recurring gains and losses amounted to -1,714,095.72 RMB, including government subsidies of 3,560,197.78 RMB[14][16] - The company confirmed share-based payment expenses of 13,095,500 RMB, affecting net profit attributable to shareholders by 10,433,500 RMB[18] - After excluding the impact of share-based payments, the net profit attributable to shareholders was -15,811,800 RMB[19] - The company achieved revenue of RMB 1,648.02 million and net profit of RMB 215.17 million in 2023, maintaining a leading position in the domestic industrial machine vision sector[25] - Revenue for the reporting period reached 541.03 million yuan, a year-on-year increase of 5.38%[45] - Net profit attributable to the parent company was -26.25 million yuan, with an impact of 10.43 million yuan from share-based payment expenses[45] - Visual measurement equipment revenue was 131.08 million yuan, a year-on-year decrease of 4.45%, accounting for 24.23% of total revenue[46] - Visual inspection equipment revenue was 221.88 million yuan, a year-on-year decrease of 0.12%, accounting for 41.01% of total revenue[46] - Visual process equipment revenue was 159.11 million yuan, a year-on-year increase of 37.55%, accounting for 29.41% of total revenue[46] - Intelligent driving solutions revenue was 28.96 million yuan, a year-on-year decrease of 24.62%, accounting for 5.35% of total revenue[46] - R&D expenses for the past three years were 217.01 million yuan, 241.84 million yuan, and 230.52 million yuan, accounting for 17.15%, 15.22%, and 13.99% of revenue respectively[43] - Total assets at the end of the reporting period were 3.39 billion yuan, a year-on-year increase of 5.15%[45] - The company secured a batch order for a new component testing equipment from a major consumer electronics client, with a contract value of 90.47 million yuan[47] - Became a P-level supplier for a leading domestic consumer electronics brand, securing batch orders for mobile component testing equipment totaling 76.65 million yuan[47] - PCB business orders grew rapidly in the first half of 2024, with significant progress in product lines including PCB laser direct imaging equipment and CO2 laser drilling equipment[48] - The company's semiconductor subsidiary achieved a breakthrough with the TB1000 wafer defect inspection equipment for 65nm process nodes, which has been validated by customers and is in use on production lines[48] - Established a new subsidiary, Suzhou Tianzhun Xingzhi Technology Co., Ltd., focusing on intelligent driving, embodied intelligence, and low-altitude economy, aiming to enhance AI technology and hardware-software integration[48] - The company holds 477 patents, including 266 invention patents, with R&D expenses accounting for 13.99% of revenue in 2023[49] - Gross profit margins for main business operations were 42.41%, 40.43%, and 41.96% from 2021 to 2023, with potential fluctuations due to increased competition[51] - Accounts receivable increased from 312.46 million yuan in 2021 to 532.74 million yuan in 2023, posing a risk of bad debt[52] - Inventory turnover rates were 1.33, 1.18, and 1.08 from 2021 to 2023, indicating low efficiency and potential risks of inventory devaluation[53] - The company faces a risk of goodwill impairment, with a goodwill balance of 87.47 million yuan as of June 30, 2024, potentially impacting future profits[56] - The company achieved revenue of 541.03 million yuan, a year-on-year increase of 5.38%, but net profit attributable to the parent company was -26.25 million yuan, a year-on-year decrease of 716.60%[65] - Operating cash flow was negative at -46.09 million yuan, mainly due to increased strategic raw material procurement and employee compensation[59] - Total assets at the end of the reporting period were 3.39 billion yuan, an increase of 5.15% from the beginning of the year, while equity attributable to the parent company decreased by 7.80% to 1.77 billion yuan[66] - R&D expenses increased by 6.53% to 118.30 million yuan, reflecting continued investment in innovation[66] - The company's downstream industries, including consumer electronics, semiconductors, and photovoltaics, face cyclical fluctuations, with photovoltaics experiencing a short-term supply-demand imbalance[60] - The company's revenue is subject to seasonal fluctuations, with past quarters showing significant year-on-year or quarter-on-quarter changes in performance[61] - The company's foreign exchange risk is significant, as it primarily uses USD for importing raw materials and exporting products[63] - The company's contract liabilities increased by 76.05% to 323.98 million yuan, driven by increased prepayments from new orders[68] - The company's overseas assets totaled 60.07 million yuan, accounting for 1.77% of total assets[69] - The company's long-term receivables increased by 35.49% to 119.30 million yuan, mainly due to increased installment payment business[68] - Restricted assets include cash of 51,012,435.93 yuan (used for bill pool and bank acceptance guarantees), fixed assets of 177,383,546.08 yuan (used for long-term loan collateral), and intangible assets of 37,981,975.79 yuan (used for long-term loan collateral)[70] - Total investment in the reporting period was 7,000,000 yuan, with no comparison to the previous year[72] - Financial assets measured at fair value include wealth management products with a fair value change of 237,590.40 yuan and a final balance of 40,079,245.28 yuan, and financial derivatives with a fair value loss of 4,969,775.32 yuan[72] - Private equity fund investments include Suzhou Yaotu Venture Capital Partnership with a total investment of 10 million yuan and Suzhou Yuanhe Origin Intelligent Venture Capital Partnership with a total investment of 20 million yuan[73] - Suzhou Shunrong Venture Capital Partnership has a total investment of 10 million yuan, with a cumulative investment of 365 million yuan in 27 projects[74] - Ningbo Meishan Qingrui Venture Capital Partnership has a total investment of 40 million yuan, with a cumulative investment of 146 million yuan in 14 projects[74] - Shenzhen Kunpeng Yuanhe Integrated Circuit Private Equity Fund has a total investment of 20 million yuan, with a cumulative investment of 245 million yuan in 12 projects[74] - Major subsidiaries include Suzhou Tianzhun Software Co., Ltd. with a net profit of 23.701 million yuan and MueTec Automatisierte Mikroskopie und Meßtechnik GmbH with a net profit of 14.0271 million yuan[75] - The company established a wholly-owned subsidiary, Suzhou Tianzhun Xingzhi Technology Co., Ltd., with a registered capital of 200 million yuan in May 2024[76] - The company completed the third vesting period of its 2020 restricted stock incentive plan, with 37 incentive participants eligible to vest 762,000 shares[79] - The company constructed a 3 MW rooftop photovoltaic power generation facility, which generated 1.12 million kWh of electricity during the reporting period[84] - The company has passed the ISO14001 environmental management system certification and integrates energy-saving and emission-reduction concepts into daily operations[84] - The company advocates for a circular, sustainable green concept and promotes "paperless smart office" through systems like OA, SRM, ERP, and PLM[82][84] - The company's board and supervisory committee completed their third term, and new members were elected for the fourth term starting from the 2023 annual shareholders' meeting[78] - The company has established a "Harmful Substance Process Management Program" to ensure environmental compliance[82] - The company does not belong to a heavily polluting industry and has not incurred any environmental penalties during the reporting period[81] - The company has implemented energy-saving measures such as using energy-efficient lighting and promoting double-sided printing[84] - The company encourages employees to adopt low-carbon and green commuting practices[84] - The company has no plans for profit distribution or capital reserve conversion in the current period[78][79] - The company's controlling shareholder, Qingyi Investment, has committed to not transferring or entrusting others to manage its pre-IPO shares within 36 months from the listing date of Tianzhun Technology[86] - The controlling shareholder is restricted from selling more than 1% of Tianzhun Technology's total shares within any 90-day period through centralized bidding, and no more than 2% through block trading[86] - Senior management and core technical personnel are limited to selling no more than 25% of their Tianzhun Technology shares annually during their tenure[88] - If the stock price remains below the issue price for 20 consecutive trading days within 6 months post-listing, the lock-up period for shares held by senior management and core technical personnel will be extended by at least 6 months[88] - Senior management and core technical personnel must ensure the company's control rights and stable operations when selling pre-IPO shares after the lock-up period[88] - The company's stock lock-up period is 36 months from the date of listing, and after the lock-up period expires, the reduction of shares within 2 years must not be lower than the issue price[90] - If the stock price remains below the issue price for 20 consecutive trading days within 6 months of listing, the lock-up period will be automatically extended by at least 6 months[90] - The company's major shareholder, Qingyi Investment, intends to hold the company's shares for the long term to maintain its controlling position and share in the company's operating results[90] - Qingyi Investment may reduce its holdings of the company's shares after the lock-up period expires, but the reduction must comply with regulatory requirements and prior commitments[90] - The company and its controlling shareholder, Qingyi Investment, are committed to stabilizing the stock price and will take measures such as limiting executive compensation and suspending equity incentive plans if necessary[91] - The company has pledged to repurchase all newly issued shares if regulatory authorities determine that the prospectus contains false or misleading information that significantly affects the company's listing qualifications[91] - Qingyi Investment has committed to urging the company to repurchase shares or repurchase shares itself if the prospectus is found to contain false or misleading information[91] - The company will increase investment in R&D and human resources to enhance technological innovation and market competitiveness[92] - The company plans to accelerate the investment progress of the fundraising projects, focusing on machine vision and intelligent manufacturing equipment construction, R&D base construction, and supplementing working capital[93] - The company will strictly manage the use of raised funds to ensure they are effectively utilized according to the original purposes[93] - The company has established a comprehensive profit distribution system and will continue to optimize it[93] - The company will introduce more technical and management talents to strengthen and improve business management[93] - The company will implement comprehensive budget management and enhance cost control and asset management[93] - The company will further accelerate market expansion and improve asset operation efficiency[93] - The company has committed to repurchasing all newly issued shares if it is found to have obtained listing registration through fraudulent means[92] - The company has pledged to fill the diluted immediate returns by increasing market development and technological innovation[92] - The company will strengthen customer service and actively develop new products and application areas to expand revenue growth[92] - The company will strictly follow the "Company Law," "Notice on Further Implementing Cash Dividends for Listed Companies," and other relevant regulations to execute profit distribution policies[94] - If the prospectus contains any false records, misleading statements, or major omissions, the company will repurchase all newly issued shares and compensate investors for losses[94] - The company will initiate compensation procedures within 3 working days upon receiving a written notice from regulatory authorities regarding false records in the prospectus[94] - The company will adjust the repurchase price for newly issued shares if there are ex-rights or ex-dividend events after listing[94] - The company will return funds to investors within 5 working days if false records are identified before the shares are listed[94] - The company will repurchase shares within 20 trading days if false records are identified after the shares are listed[94] - The company will communicate with intermediaries and investors to determine compensation amounts and methods[94] - The company will adjust the repurchase price based on the higher of the issue price or the secondary market closing price on the day of the event[94] - The company will accept supervision from regulatory bodies, self-regulatory organizations, and the public[94] - The company will bear corresponding legal responsibilities if it fails to fulfill its commitments[94] - The company has committed to compensating investors for losses if the prospectus contains false statements or omissions, with a process to determine compensation within 3 working days[96] - The company and its controlling entities will not engage in any business activities that compete with the issuer or its subsidiaries, both domestically and internationally[96] - The company will notify the issuer and transfer any competitive business opportunities obtained from third parties to the issuer[96] - The company will compensate for any economic losses caused by violations of its non-competition commitments[96] - The controlling shareholder and actual controller have pledged not to engage in any competitive business activities with the issuer or its subsidiaries[97] - The company will minimize related-party transactions and ensure they are conducted fairly and at market prices[97] - The company will strictly adhere to all public commitments made during its IPO and compensate investors for any direct losses if commitments are not fulfilled[97] - The company will publicly explain and apologize for any unfulfilled commitments and refrain from issuing securities for 12 months after resolving any issues[97] - The company has committed to strictly fulfill all public promises made during the initial public offering (IPO) process, including compensating investors for direct losses if commitments are not met[98] - In case of non-fulfillment of commitments, the company will extend the lock-up period for shares held directly or indirectly until all adverse effects are eliminated[98] - The company will not increase salaries or allowances for directors, supervisors, and senior management until all adverse effects from unfulfilled commitments are resolved[98] - Individual commitments from key personnel, such as Xu Yihua, include extending share lock-up periods and refraining from salary increases until all adverse effects are resolved[98] - The company's controlling shareholder, Tianzhun Hezhi, has also committed to similar measures, including extending share lock-up periods and not receiving dividends until all adverse effects are resolved[98] - Xu Wei, a key shareholder, has committed to not transferring or managing shares for 36 months post-IPO and will limit share sales to 1% of total shares within any 90-day period[99] - The company reported no non-operational fund occupation by controlling shareholders or related parties during the reporting period[100] -