柯力传感(603662) - 2024 Q2 - 季度财报

Company Overview - The company's semi-annual report for 2024 covers the period from January 1, 2024, to June 30, 2024[8] - The company's legal representative is Ke Jiandong[9] - The company's registered and office address is No. 199 Changxing Road, Jiangbei District, Ningbo[11] - The company's stock is listed on the Shanghai Stock Exchange under the stock code 603662[14] - The company's website is http://www.kelichina.com and the email address is dmb@kelichina.com[11] - The company's semi-annual report is available on the website http://www.sse.com.cn[13] - The company's Board Secretary is Ye Fangzhi and the Securities Affairs Representative is Hu Xueqing[10] - The company's semi-annual report is prepared without audit[2] - The company's main business is in the strain gauge sensor industry[90] - The company was listed on the Shanghai Stock Exchange on August 6, 2019[90] Financial Performance - Revenue for the first half of 2024 increased by 9.42% to RMB 555,268,323.48 compared to the same period last year[16] - Net profit attributable to shareholders decreased by 16.57% to RMB 116,829,842.15 year-over-year[16] - Operating cash flow surged by 84.46% to RMB 69,144,840.23 compared to the previous year[16] - Total assets grew by 9.92% to RMB 4,218,744,336.30 as of the end of the reporting period[16] - Basic earnings per share (EPS) decreased by 16.33% to RMB 0.41 compared to the same period last year[17] - Weighted average return on equity (ROE) decreased by 1.40 percentage points to 4.52%[17] - Revenue for the reporting period reached 555.2683 million yuan, a year-on-year increase of 9.42%[23] - Net profit attributable to shareholders of the listed company was 116.8298 million yuan, a year-on-year decrease of 16.57%[23] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 99.9889 million yuan, a year-on-year increase of 5.73%[23] - Revenue increased by 9.42% to RMB 555,268,323.48 compared to the same period last year[28] - Operating costs rose by 7.92% to RMB 314,141,770.49 due to the inclusion of new consolidated subsidiaries[28] - Sales expenses grew by 22.88% to RMB 34,912,865.81, primarily due to the addition of new consolidated subsidiaries[28] - Financial expenses surged by 74.39% to RMB 6,592,516.59, mainly due to increased interest payments[28] - Net cash flow from operating activities increased by 84.46% to RMB 69,144,840.23, driven by deferred tax payments[28] - Accounts receivable increased by 44.84% to RMB 413,762,906.91, largely due to the inclusion of new consolidated subsidiaries[30] - Fixed assets grew by 32.35% to RMB 501,084,091.33, mainly due to the completion of infrastructure projects[30] - Short-term borrowings rose by 33.30% to RMB 581,901,619.64, driven by new loans and the inclusion of new consolidated subsidiaries[30] - The company recorded a fair value loss of RMB 21.11 million on its investment in Chicheng shares (stock code: 834407), impacting non-operating net profit by RMB 17.94 million[29] - The company's investment in equity securities decreased by RMB 21.35 million in fair value, resulting in a total fair value loss of RMB 11.76 million for the period[32] - Total operating revenue for the first half of 2024 reached 555,268,323.48 RMB, an increase from 507,468,801.25 RMB in the same period of 2023[75] - Total operating costs for the first half of 2024 were 449,302,685.28 RMB, compared to 406,721,448.67 RMB in the first half of 2023[75] - Net profit attributable to shareholders increased to 1,140,581,194.70 RMB as of June 30, 2024, up from 1,065,131,956.43 RMB at the end of 2023[74] - Total assets as of June 30, 2024, amounted to 3,414,830,913.25 RMB, an increase from 3,273,235,532.94 RMB at the end of 2023[74] - Total liabilities as of June 30, 2024, were 1,020,834,275.86 RMB, up from 955,301,100.01 RMB at the end of 2023[74] - Long-term equity investments increased to 1,080,051,233.19 RMB as of June 30, 2024, from 919,643,550.02 RMB at the end of 2023[73] - Investment property rose to 253,207,279.21 RMB as of June 30, 2024, compared to 150,600,565.28 RMB at the end of 2023[73] - Short-term borrowings increased to 451,362,113.89 RMB as of June 30, 2024, from 335,942,712.05 RMB at the end of 2023[73] - Accounts receivable decreased to 126,613,722.13 RMB as of June 30, 2024, from 133,290,510.77 RMB at the end of 2023[72] - Inventory increased to 248,927,430.83 RMB as of June 30, 2024, from 237,007,706.57 RMB at the end of 2023[72] - R&D expenses increased to 48,007,641.06 RMB, up 11.56% compared to 43,033,474.07 RMB in the previous period[77] - Net profit attributable to parent company shareholders decreased to 116,829,842.15 RMB, down 16.56% from 140,037,257.44 RMB in the same period last year[77] - Basic earnings per share (EPS) decreased to 0.41 RMB/share, down 16.33% from 0.49 RMB/share in the previous period[78] - Operating income declined to 335,504,598.25 RMB, a decrease of 7.80% compared to 363,871,143.16 RMB in the same period last year[79] - Investment income decreased to 35,426,535.94 RMB, down 7.07% from 38,121,640.61 RMB in the previous period[79] - Interest expenses increased to 10,576,084.36 RMB, up 29.27% compared to 8,181,002.62 RMB in the same period last year[77] - Other income remained stable at 21,380,614.42 RMB, a slight decrease of 0.56% from 21,500,836.27 RMB in the previous period[77] - Income tax expenses decreased significantly to 7,819,045.40 RMB, down 50.77% from 15,882,466.59 RMB in the same period last year[77] - Sales expenses decreased to 10,674,792.21 RMB, down 12.33% from 12,176,118.71 RMB in the previous period[79] - Management expenses declined to 15,934,376.92 RMB, a decrease of 10.76% compared to 17,855,675.56 RMB in the same period last year[79] - Comprehensive income for the first half of 2024 was RMB 75,449,238.27, compared to RMB 116,129,781.43 in the same period last year[82] - Cash received from sales of goods and services in the first half of 2024 was RMB 571,623,076.62, an increase from RMB 541,243,895.95 in the same period last year[82] - Net cash flow from operating activities in the first half of 2024 was RMB 69,144,840.23, up from RMB 37,485,556.73 in the same period last year[82] - Cash received from investments in the first half of 2024 was RMB 677,860,151.59, compared to RMB 475,023,358.27 in the same period last year[82] - Net cash flow from investing activities in the first half of 2024 was RMB -150,416,825.89, an improvement from RMB -198,642,633.18 in the same period last year[83] - Cash received from financing activities in the first half of 2024 was RMB 339,344,830.47, compared to RMB 458,646,670.34 in the same period last year[83] - Net cash flow from financing activities in the first half of 2024 was RMB 94,379,271.68, down from RMB 200,686,796.48 in the same period last year[83] - Cash and cash equivalents at the end of the first half of 2024 were RMB 79,146,060.66, compared to RMB 133,063,116.60 at the same time last year[83] - Cash received from sales of goods and services by the parent company in the first half of 2024 was RMB 306,693,904.43, down from RMB 390,338,035.61 in the same period last year[84] - Net cash flow from operating activities of the parent company in the first half of 2024 was RMB -34,212,396.26, compared to RMB 77,763,110.25 in the same period last year[84] Market Position and Operations - The company maintains a leading market share in the domestic force sensor market for 14 consecutive years[21] - Overseas market revenue accounts for over 30% of the force sensor segment[22] - The company operates the largest force sensor production line globally, capable of producing 3 million units annually[22] - R&D expenses, talent, and patent filings continue to grow at double-digit rates annually[22] - The company completed the acquisition of Suzhou Yushan Sensing Technology Co., Ltd., a leading domestic water quality sensor company, in August[23] - The company signed an investment agreement with Ningbo Midefangge Semiconductor Technology Co., Ltd. to provide high-quality, cost-effective "domestic alternative" chips[23] - The newly constructed W building in Ningbo, with a total construction area of 37,000 square meters, was officially put into use[24] - The company's six-dimensional force/torque sensor has completed product series development for humanoid robot wrists, ankles, and industrial arm ends, and has been sampled by multiple domestic collaborative and humanoid robot customers[25] - The intelligent sensor industry brain, led by the company, has integrated 18 capability components with the Zhejiang Province Industry Brain Capability Center[25] - The company established the Ningbo Intelligent Sensor Industry Association on July 30, 2024, with the company's chairman and president elected as the association's chairman[25] - The company has selected two to three subsidiaries with rapid development, high market share in niche sectors, and strong management foundations for a three-year capitalization action plan[27] Risk Management and Strategic Plans - The company has no significant risks affecting its production and operation during the reporting period[3] - The company has no plans for profit distribution or capital reserve to share capital conversion during the reporting period[3] - The company will strengthen macroeconomic analysis and policy monitoring to ensure scientific and effective decision-making for production and strategic development[35] - The company plans to enhance market competitiveness through resource integration, cost reduction, quality improvement, technological innovation, and customized services[35] - The company is advancing sensor product layout in emerging fields and expanding new customer bases, leveraging its strengths in force sensors and multi-physical quantity sensors[35] - The company is focusing on core business in external investments, adhering to strategic, risk control, collective decision-making, and benefit assessment principles[35] - The company is implementing measures to manage risks related to goodwill impairment by enhancing post-investment management and operational integration of acquired subsidiaries[35] - The company is adopting centralized procurement, price locking, and innovative cost management methods to mitigate risks from raw material price fluctuations[35] Shareholder and Equity Information - The company completed the cancellation of 845,566 restricted shares, reducing the total number of shares from 282,504,992 to 281,659,426[39] - The company adjusted the repurchase price of restricted shares to 6.831 yuan per share plus bank deposit interest, following the 2023 annual equity distribution[39] - The company's controlling shareholder and actual controller, Ke Jiandong, committed not to transfer or entrust management of shares within 36 months of the company's IPO[45] - Ke Jiandong pledged to limit annual share sales to no more than 25% of the total shares held at the end of the previous year after the lock-up period[45] - The company's major shareholders, Senna Investment, Shenhong Investment, and Shenke Investment, committed to not selling shares within 36 months of the IPO[47] - The company's controlling shareholder and actual controller, Ke Jiandong, committed to not engage in any business that competes with the company during the shareholding period[47] - The company's controlling shareholder, Ke Jiandong, has committed not to reduce his holdings of the company's shares for 24 months starting from August 8, 2024, to August 7, 2026[49] - The total guarantee amount provided by the company to its subsidiaries during the reporting period was 1,600 million RMB, accounting for 0.55% of the company's net assets[55] - The company and its controlling shareholder, Ke Jiandong, have maintained good credit status with no significant debt defaults or regulatory penalties during the reporting period[51] - The company completed the repurchase and cancellation of 845,566 restricted shares under the equity incentive plan on August 23, 2024, reducing the total number of shares from 282,504,992 to 281,659,426[58][59] - The repurchase and cancellation of 845,566 restricted shares did not have a material impact on key financial metrics such as earnings per share and net asset value per share[59] - The total number of restricted shares decreased from 1,675,124 to 829,558 after the repurchase and cancellation of 845,566 restricted shares[62] - The total number of ordinary shareholders at the end of the reporting period was 32,574[63] - The largest shareholder, Ke Jiandong, held 126,290,508 shares, accounting for 44.7% of the total shares[63] - Ningbo Senna Investment Co., Ltd., the second-largest shareholder, held 19,540,806 shares, accounting for 6.92% of the total shares[63] - The National Social Security Fund 104 Portfolio increased its holdings by 4,630,820 shares during the reporting period, bringing its total holdings to 5,155,320 shares, or 1.82% of the total shares[63] - The China Construction Bank-Southern Information Innovation Mixed Securities Investment Fund increased its holdings by 642,500 shares, bringing its total holdings to 3,886,507 shares, or 1.38% of the total shares[63] - The China Construction Bank-Penghua Shanghai-Shenzhen-Hong Kong Emerging Growth Flexible Allocation Mixed Securities Investment Fund increased its holdings by 465,900 shares, bringing its total holdings to 3,581,953 shares, or 1.27% of the total shares[63] - Hong Kong Securities Clearing Company Limited increased its holdings by 1,112,039 shares, bringing its total holdings to 1,958,111 shares, or 0.69% of the total shares[63] - The company's total assets increased to 4,218,744,336.30 RMB as of June 30, 2024, compared to 3,838,081,061.92 RMB at the end of 2023[69] - Total liabilities rose to 1,287,604,328.42 RMB in 2024 from 1,123,825,888.93 RMB in 2023[71] - Shareholders' equity grew to 2,931,140,007.88 RMB in 2024, up from 2,714,255,172.99 RMB in 2023[71] - Monetary funds increased to 88,648,218.44 RMB in 2024 from 79,914,204.12 RMB in 2023[69] - Accounts receivable rose significantly to 413,762,906.91 RMB in 2024 from 285,666,752.62 RMB in 2023[69] - Inventory increased to 536,396,550.53 RMB in 2024 compared to 485,540,383.79 RMB in 2023[69] - Fixed assets grew to 501,084,091.33 RMB in 2024 from 378,595,730.00 RMB in 2023[69] - Short-term borrowings increased to 581,901,619.64 RMB in 2024 from 436,524,205.73 RMB in 2023[70] - Accounts payable rose to 207,975,442.78 RMB in 2024 from 134,159,011.55 RMB in 2023[70] - The company completed the repurchase and cancellation of 845,566 restricted shares under the equity incentive plan on August 23, 2024[65] - Total owner's equity increased by RMB 216.88 million, reaching RMB 2.93 billion at the end of the period[86] - Comprehensive income for the period amounted to RMB 130.75 million, contributing significantly to the equity growth[86] - Capital reserve decreased by RMB 9.09 million due to owner's capital reduction[86] - Minority shareholders' equity increased by RMB 109.66 million, reflecting stronger minority interest[86] - Retained earnings grew by RMB 116.83 million, indicating improved profitability[86] - Special reserve decreased by RMB 518,739.69, primarily due to usage during the period[86] - Total owner's equity at the beginning of the period was RMB 2.71 billion, showing a solid foundation[86] - Capital reserve adjustments included a reduction of RMB 10.22 million from other capital changes[86] -