宝馨科技(002514) - 2024 Q2 - 季度财报

Financial Performance - Revenue for the reporting period decreased by 54.94% to RMB 175.86 million compared to the same period last year[21] - Net profit attributable to shareholders of the listed company was a loss of RMB 105.99 million, a decrease of 2,121.75% year-on-year[21] - Basic earnings per share decreased by 2,116.44% to a loss of RMB 0.1472 per share[21] - Total assets decreased by 2.73% to RMB 2.82 billion compared to the end of the previous year[21] - Shareholders' equity attributable to the listed company decreased by 11.18% to RMB 842.40 million[21] - Revenue decreased by 54.94% to 1.758 billion yuan compared to 3.903 billion yuan in the same period last year, primarily due to changes in market conditions and a decline in business scale[46] - Operating costs decreased by 45.42% to 1.618 billion yuan, in line with the decline in revenue[46] - Sales expenses increased by 38.21% to 160.7 million yuan, mainly due to an increase in employee numbers[46] - Revenue from the intelligent manufacturing sector decreased by 61.00% to 1.321 billion yuan, accounting for 75.13% of total revenue[47] - Revenue from the new energy sector decreased by 15.13% to 437.3 million yuan, accounting for 24.87% of total revenue[47] - Domestic revenue decreased by 66.89% to 1.080 billion yuan, while international revenue increased by 5.87% to 678.8 million yuan[47] - Revenue from the intelligent manufacturing sector decreased by 61.00% to 132,123,706.13 yuan, with a gross margin of 9.08%[48] - Revenue from the new energy sector decreased by 15.13% to 43,734,349.81 yuan, with a gross margin of 4.80%[48] - Revenue from domestic operations decreased by 66.89% to 107,982,524.10 yuan, with a gross margin of 2.59%[48] - Revenue from international operations increased by 5.87% to 67,875,531.84 yuan, with a gross margin of 16.64%[48] - Revenue from photovoltaic battery, module, and related product sales increased by 127.06% to 92,128,166.36 yuan, with a gross margin of 29.08%[48] - Revenue from charging and swapping pile and related product sales increased by 2,170.30% to 63,316,556.49 yuan, with a gross margin of 44.52%[48] - Total operating revenue for the first half of 2024 was RMB 175.86 million, a significant decrease from RMB 390.30 million in the same period last year[166] - Operating costs for the first half of 2024 were RMB 161.76 million, down from RMB 296.39 million in the previous year[166] - Net profit for the first half of 2024 was a loss of RMB 112.87 million, compared to a profit of RMB 2.71 million in the same period last year[167] - R&D expenses for the first half of 2024 were RMB 16.39 million, slightly higher than RMB 16.23 million in the previous year[166] - Sales expenses for the first half of 2024 were RMB 16.07 million, up from RMB 11.63 million in the same period last year[166] - Financial expenses for the first half of 2024 were RMB 18.80 million, compared to RMB 13.40 million in the previous year[166] - Total comprehensive income for the first half of 2024 was a loss of RMB 117.23 million, compared to a profit of RMB 2.30 million in the same period last year[167] - Basic earnings per share for the first half of 2024 were -0.1472, compared to 0.0073 in the previous year[167] - Total assets impairment loss for the first half of 2024 was RMB 27.42 million, compared to RMB 4.14 million in the same period last year[166] - Total credit impairment loss for the first half of 2024 was RMB 8.53 million, compared to a gain of RMB 14.03 million in the same period last year[166] - Sales revenue from goods and services in 2024 H1 was 317.079 billion yuan, a decrease from 376.825 billion yuan in 2023 H1[171] - Net cash flow from operating activities in 2024 H1 was 30.251 million yuan, compared to -153.555 million yuan in 2023 H1[171] - Net cash flow from investing activities in 2024 H1 was -44.848 million yuan, an improvement from -146.017 million yuan in 2023 H1[172] - Net cash flow from financing activities in 2024 H1 was -27.923 million yuan, compared to 169.760 million yuan in 2023 H1[172] - Cash and cash equivalents at the end of 2024 H1 were 2.920 million yuan, down from 76.807 million yuan at the end of 2023 H1[172] - Parent company's sales revenue from goods and services in 2024 H1 was 12.074 million yuan, a significant decrease from 25.636 million yuan in 2023 H1[174] - Parent company's net cash flow from operating activities in 2024 H1 was -91.864 million yuan, compared to -73.294 million yuan in 2023 H1[174] - Parent company's net cash flow from investing activities in 2024 H1 was -4.246 million yuan, an improvement from -264.102 million yuan in 2023 H1[175] - Parent company's net cash flow from financing activities in 2024 H1 was 78.478 million yuan, compared to 206.572 million yuan in 2023 H1[175] - Parent company's cash and cash equivalents at the end of 2024 H1 were -1.443 million yuan, down from 14.839 million yuan at the end of 2023 H1[175] - Total comprehensive income for the period amounted to 5,891,702.91 yuan[178] - Owner's capital contribution and reduction amounted to 3,918,340.00 yuan[178] - Special reserve usage for the period was 433,499.26 yuan[179] - Total assets at the end of the period were 1,134,034,264.00 yuan[179] - Total liabilities at the end of the period were 593,818,928.00 yuan[179] - Total equity at the end of the period was 540,215,414.00 yuan[179] - Revenue for the period was 8,720,319.99 yuan[178] - Cost of sales for the period was 5,510,094.00 yuan[178] - Net profit for the period was 1,701,988.85 yuan[178] - Total comprehensive income for the period was 5,891,702.91 yuan[178] - The company's comprehensive income for the first half of 2024 amounted to RMB 417.992 million, with a total profit of RMB 96.355 million[181] - The owner's equity at the beginning of the period was RMB 720.034 million, and at the end of the period, it increased to RMB 1.145 billion[182] - The company's capital reserve decreased by RMB 12.034 million during the period[182] - The company's undistributed profit at the beginning of the period was RMB 193.502 million, and at the end of the period, it increased to RMB 187.906 million[182] - The company's total equity at the end of the period was RMB 1.452 billion[182] - Share capital at the beginning of the period was 720,034,264.00[184] - Capital reserve at the beginning of the period was 589,777,129.05[184] - Comprehensive income for the period was -9,499,944.82[184] - Total owner's equity at the beginning of the period was 1,033,958,584.39[184] - Owner's investment and capital reduction amounted to 3,443,074.64[184] - Share capital at the end of the period was 720,034,264.00[185] - Capital reserve at the end of the period was 593,220,203.69[185] - Total owner's equity at the end of the period was 1,027,901,714.21[185] - The company's total comprehensive income for the period decreased by RMB 7,080.87 million[188] Cash Flow and Liquidity - Net cash flow from operating activities increased by 119.70% to RMB 30.25 million[21] - Net cash flow from operating activities improved significantly by 119.70% to 302.5 million yuan, driven by reduced cash payments for goods and services[46] - Net cash flow from operating activities in 2024 H1 was 30.251 million yuan, compared to -153.555 million yuan in 2023 H1[171] - Net cash flow from investing activities in 2024 H1 was -44.848 million yuan, an improvement from -146.017 million yuan in 2023 H1[172] - Net cash flow from financing activities in 2024 H1 was -27.923 million yuan, compared to 169.760 million yuan in 2023 H1[172] - Cash and cash equivalents at the end of 2024 H1 were 2.920 million yuan, down from 76.807 million yuan at the end of 2023 H1[172] - Parent company's net cash flow from operating activities in 2024 H1 was -91.864 million yuan, compared to -73.294 million yuan in 2023 H1[174] - Parent company's net cash flow from investing activities in 2024 H1 was -4.246 million yuan, an improvement from -264.102 million yuan in 2023 H1[175] - Parent company's net cash flow from financing activities in 2024 H1 was 78.478 million yuan, compared to 206.572 million yuan in 2023 H1[175] - Parent company's cash and cash equivalents at the end of 2024 H1 were -1.443 million yuan, down from 14.839 million yuan at the end of 2023 H1[175] Assets and Liabilities - Total assets decreased by 2.73% to RMB 2.82 billion compared to the end of the previous year[21] - Shareholders' equity attributable to the listed company decreased by 11.18% to RMB 842.40 million[21] - The company's total assets increased by 13.27% to 864,853,330.07 yuan due to investment in the Huaiyuan Solar Energy project[53] - The company's short-term debt decreased by 2.34% to 426,138,455.61 yuan[53] - The company's long-term debt decreased by 0.19% to 28,333,653.98 yuan[53] - The company's other receivables increased by 0.30% to 22,727,007.37 yuan due to increased deposits and advances[53] - Total financial assets at the beginning of the period were 7,627,779.30 yuan, with no changes during the period, maintaining the same amount at the end of the period[56] - The company's investment amount in the reporting period was 29,980,000.00 yuan, a 140.80% increase compared to the same period last year[58] - The company's monetary funds decreased from 886.19 million yuan at the beginning of the period to 374.78 million yuan at the end of the period, a decrease of 511.41 million yuan[157] - Accounts receivable increased slightly from 4.47 billion yuan at the beginning of the period to 4.49 billion yuan at the end of the period[157] - Inventory decreased from 3.26 billion yuan at the beginning of the period to 2.89 billion yuan at the end of the period, a decrease of 370.16 million yuan[157] - Total current assets decreased from 11.10 billion yuan at the beginning of the period to 9.75 billion yuan at the end of the period[157] - Non-current assets totaled 1,840,834,710.74 RMB, a slight increase from 1,784,796,712.41 RMB at the beginning of the period[158] - Long-term equity investments increased to 63,979,110.18 RMB from 57,042,532.56 RMB[158] - Fixed assets decreased to 447,847,831.59 RMB from 458,523,235.78 RMB[158] - Construction in progress significantly increased to 864,853,330.07 RMB from 504,818,596.00 RMB[158] - Total liabilities amounted to 1,685,518,608.77 RMB, slightly up from 1,652,936,304.70 RMB[159] - Short-term borrowings decreased to 426,138,455.61 RMB from 505,654,533.60 RMB[159] - Accounts payable increased to 520,566,193.12 RMB from 460,912,868.31 RMB[159] - Total owner's equity decreased to 1,130,577,959.13 RMB from 1,242,099,568.01 RMB[159] - Net profit attributable to the parent company was -497,215,414.00 RMB, a decline from -391,227,319.28 RMB[159] - Total assets decreased to 2,816,096,567.90 RMB from 2,895,035,872.71 RMB[159] - Total assets at the end of the period were 1,134,034,264.00 yuan[179] - Total liabilities at the end of the period were 593,818,928.00 yuan[179] - Total equity at the end of the period was 540,215,414.00 yuan[179] Government Subsidies and Losses - The company received government subsidies of RMB 2.03 million, mainly due to government rewards[25] - The company incurred a loss of RMB 6.10 million due to the return of photovoltaic modules[25] Dividend and Shareholder Equity - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserve into share capital[5] - The company's total shares remain unchanged at 720,034,264, with 23.05% being restricted shares and 76.95% being unrestricted shares[141] - Jiangsu Jiedeng Intelligent Manufacturing Technology Co., Ltd., a domestic non-state-owned legal person, holds 26.90% of the company's shares, with 166,000,000 restricted shares and 27,701,714 unrestricted shares[143] - Guangxun Limited, a foreign legal person, holds 11.67% of the company's shares, all of which are unrestricted shares[143] - Hong Kong Securities Clearing Company Limited, a foreign legal person, holds 0.83% of the company's shares, with an increase of 4,231,190 shares during the reporting period, all of which are unrestricted shares[143] - Wu Hancheng, a foreign natural person, holds 0.66% of the company's shares, with an increase of 1,412,800 shares during the reporting period, all of which are unrestricted shares[143] - Hu Qingfeng, a domestic natural person, holds 0.41% of the company's shares, with an increase of 1,511,000 shares during the reporting period, all of which are unrestricted shares[143] - The company's largest shareholder, Guangxun Limited, holds 84 million shares of unrestricted common stock[144] - Jiangsu Jiedeng Intelligent Manufacturing Technology Co., Ltd. holds 27.70 million shares of unrestricted common stock[144] - Hong Kong Securities Clearing Company Limited holds 5.97 million shares of unrestricted common stock[144] - The company's first-phase employee stock ownership plan holds 2.26 million shares of unrestricted common stock[144] Research and Development - The company focuses on the "new energy + intelligent manufacturing" dual-drive strategy, with mid-term emphasis on HJT and HJT/perovskite tandem technology routes[30] - The company has been granted 197 patents, including 15 invention patents, enhancing its competitive edge and market share[41] - The company is advancing the development and commercialization of perovskite/heterojunction tandem solar cells in collaboration with Xi'an University of Electronic Science and Technology and Anhui Dayu Industrial[40] - R&D expenses for the first half of 2024 were RMB 16.39 million, slightly higher than RMB 16.23 million in the previous year[166] Production and Operations - The company's Huaiyuan production base has completed equipment installation and debugging for heterojunction (HJT) cells and modules, with the ability to provide customized products including HJT, TOPCON, and PERC components[30] - The company has successfully implemented the "Xin Roof" HJT household distributed photovoltaic brand in Huaiyuan County, Anhui Province, offering customized solutions for residential PV projects[32] - The company has established full-liquid-cooled ultra-fast charging demonstration stations in cities such as Shanghai, Quanzhou, Hefei, and Huaibei, achieving 5-minute charging for 200km range[34] - The company's Suzhou Baoxin Intelligent Manufacturing subsidiary was recognized as a 2024 Jiangsu Province Specialized and Sophisticated SME, enhancing its business capabilities[35] - The company has developed distributed PV projects in key regions including Shandong, Jiangsu, Anhui, and Guangdong, with completed projects mainly in the Yangtze River Delta and Pearl River Delta regions[32] - The company's Anhui Mingshuo EPC subsidiary provides full-cycle solutions from project development to operation and maintenance, holding Class II power engineering and foundation engineering qualifications[32] - The company has established production bases in Suzhou, Bengbu, Xiamen, and the Philippines, focusing on new energy charging/swapping equipment and high-end new energy equipment manufacturing[35] - The company is expanding its "light-storage-charging-swapping" smart green transportation network in cities such as Huaibei, Chizhou, Bengbu, Chongqing, Quanzhou, and Zhengzhou[42] Management and Governance - The company's management team has undergone restructuring, with new members possessing strong educational backgrounds, large