康盛股份(002418) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was ¥1,144,857,433.78, representing a 7.12% increase compared to ¥1,068,716,928.00 in the same period last year[11]. - The net profit attributable to shareholders of the listed company decreased by 95.23% to ¥1,086,918.19 from ¥22,800,763.02 year-on-year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥826,153.51, a decline of 106.48% compared to ¥12,750,188.20 in the previous year[11]. - Basic earnings per share fell by 95.02% to ¥0.001 from ¥0.0201 year-on-year[11]. - The company reported a total comprehensive income of -¥5,424,861.42 for the first half of 2024, compared to ¥18,794,209.27 in the same period of 2023[103]. - The company reported a net cash flow from operating activities of ¥70,405,664.44, a significant decrease of 70.05% compared to ¥235,046,567.04 in the previous year[39]. - The company achieved operating revenue of 1.145 billion yuan, with a net profit attributable to shareholders of 1.0869 million yuan, and a net profit of -826,200 yuan after deducting non-recurring gains and losses[16]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,549,505,577.10, a decrease of 3.74% from ¥2,648,528,285.84 at the end of the previous year[11]. - The net assets attributable to shareholders of the listed company were ¥1,519,814,721.55, down 0.27% from ¥1,523,980,416.69 at the end of the previous year[11]. - Cash and cash equivalents at the end of the reporting period amounted to ¥140,749,032.64, representing 5.52% of total assets, an increase of 0.57% compared to the previous year[43]. - Accounts receivable decreased to ¥412,149,175.09, accounting for 16.17% of total assets, a decline of 2.33% from the previous year due to the recovery of vehicle sales order payments[43]. - Inventory stood at ¥193,976,788.59, making up 7.61% of total assets, down by 0.37% compared to the previous year[43]. - Short-term borrowings were reported at ¥358,808,546.57, which is 14.07% of total assets, a decrease of 0.85% from the previous year[44]. Revenue Segments - The home appliance refrigeration pipeline and accessories segment generated operating revenue of 1.09 billion yuan, an increase of 5.42% compared to the same period last year[17]. - The automotive segment's revenue did not meet expectations due to industry downturn and increased competition[18]. - The company signed 49 sales orders for new energy vehicles, with a total of 33.3278 million yuan received from strategic investors for equity transfer and capital increase[18]. - Meitong Electric achieved revenue of 7.92 million yuan in the copper alloy business segment during the reporting period[20]. Research and Development - Research and development expenses increased by 56.20% to ¥10,659,381.22, primarily due to higher spending in the liquid cooling segment[39]. - The company has developed multiple new products in the first half of 2024, which have been validated and recognized by customers[17]. - The company has obtained 6 patent authorizations in the liquid cooling sector, including 2 invention patents and 2 utility model patents[19]. - The company holds 177 authorized patents, including 36 invention patents, demonstrating its commitment to innovation in the home appliance refrigeration parts sector[32]. Market and Industry Trends - The company is actively preparing for the upcoming large-scale replacement market in the home appliance sector, driven by the "old-for-new" policy[17]. - The liquid cooling technology is becoming a key solution for data center cooling due to its higher efficiency and lower power consumption compared to traditional air cooling methods[23]. - The domestic commercial vehicle market saw production and sales of 2.005 million and 2.068 million units respectively in the first half of 2024, with year-on-year growth of 2% and 4.9%[21]. - The government has allocated approximately 300 billion yuan in special bonds to support the "old for new" initiative, which includes subsidies for home appliances and old commercial vehicles[25]. Environmental and Social Responsibility - The company invested a total of ¥872,897.30 in environmental governance and protection during the first half of 2024, and paid ¥15,445.12 in environmental protection tax[63]. - The company achieved a total wastewater discharge of 6.069 tons, with a COD concentration of 177.3 mg/L, which complies with the relevant discharge standards[61]. - The company has been recognized as a "city-level green low-carbon industrial park factory" under the provincial green manufacturing work guidelines[63]. - The company actively participates in social welfare activities, including poverty alleviation and support for underprivileged university students[66]. Corporate Governance and Structure - The company held its annual general meeting with a participation rate of 28.34% on May 21, 2024[58]. - The company did not experience any changes in its board of directors, supervisors, or senior management during the reporting period[58]. - The company has no significant related party transactions or asset acquisitions and disposals during the reporting period[71][72]. - The company’s actual controller, Zhongzhi Enterprise Group, has applied for bankruptcy liquidation, which may impact the company's equity structure[70]. Financial Management and Accounting Policies - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status as of June 30, 2024[120]. - The company has no significant doubts regarding its ability to continue as a going concern for the next 12 months[118]. - The company’s accounting policies and estimates are tailored to its operational characteristics, ensuring compliance with relevant accounting standards[119]. - The company recognizes its share of assets and liabilities in joint ventures, confirming both individually held and jointly held assets and liabilities[131].