世名科技(300522) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 354,105,629.77, representing a 10.02% increase compared to CNY 321,842,729.39 in the same period last year[11]. - Net profit attributable to shareholders of the listed company reached CNY 27,596,123.75, up 33.32% from CNY 20,699,557.89 in the previous year[11]. - The net profit after deducting non-recurring gains and losses was CNY 23,017,509.77, an increase of 18.76% compared to CNY 19,381,240.83 in the same period last year[11]. - The net cash flow from operating activities was CNY 43,788,976.59, a significant increase of 1,256.52% from a negative CNY 3,786,261.50 in the previous year[11]. - Basic earnings per share were CNY 0.0856, reflecting a 33.33% increase from CNY 0.0642 in the same period last year[11]. - The company's revenue from colorants reached CNY 290,627,029.39, up 9.06% compared to the previous year[42]. - Revenue from additives was CNY 62,102,166.46, marking a 19.29% increase year-on-year, driven by increased demand in the container and automotive coatings sectors[42]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,134,968,358.74, a 4.01% increase from CNY 1,091,164,504.49 at the end of the previous year[11]. - Net assets attributable to shareholders of the listed company were CNY 809,146,458.37, up 1.86% from CNY 794,380,309.38 at the end of the previous year[11]. - The total liabilities reported by the company are ¥0.00, indicating no financial liabilities[53]. - The company's total liabilities amounted to CNY 304,420,355.30, up from CNY 275,546,240.97, representing an increase of about 10%[118]. Research and Development - The company holds 134 valid patents, including 88 invention patents and 46 utility model patents, showcasing its strong R&D capabilities[44]. - Research and development expenses rose by 13.34% to ¥27,660,351.25, up from ¥24,404,308.71 in the previous year[48]. - The company continues to invest in research and development to enhance its product offerings and maintain its competitive edge in the market[27]. Market Position and Strategy - The company operates in the fine chemical and new materials sectors, focusing on nano coloring materials and functional nano dispersions[16]. - The company is a leading player in the domestic architectural coating color paste market, with its products being environmentally friendly and ultra-fine water-based color pastes, maintaining a strong market position in various downstream segments[24]. - The domestic color paste industry is highly competitive, with market share gradually concentrating among strong brand enterprises, and the company aims to enhance its market competitiveness by leveraging its scale advantages and product positioning[25]. - The company plans to expand its overseas market presence through the establishment of an efficient sales team, targeting key markets to enhance its international strategy[40]. Environmental Compliance and Sustainability - The company is committed to environmental compliance, holding a valid pollution discharge permit until April 28, 2027[71]. - The company has implemented measures to optimize capacity layout based on market supply and demand[65]. - The company emphasizes environmental protection and has invested in necessary facilities to ensure compliance with regulations, including proper treatment of hazardous waste and wastewater[81]. - The company’s products are aligned with the national strategy for green development, focusing on environmentally friendly and low-carbon solutions in the coatings industry[26]. Governance and Management - The management has detailed the risks faced by the company and the corresponding countermeasures in the report[2]. - The company has established a governance structure to enhance management and employee engagement[65]. - The management team possesses extensive industry experience and a strong commitment to innovation, contributing to the company's sustainable growth[46]. - The company has appointed a new Vice President and CFO, Mr. Su Weigang, following the resignation of Ms. Yu Mei[99]. Shareholder Information - The total share capital of Suzhou Shiming Technology Co., Ltd. is 322,451,507 shares, with a basic earnings per share of 0.0856 CNY and a diluted earnings per share of 0.0856 CNY[103]. - The company distributed cash dividends of RMB 0.50 per share, totaling RMB 16,122,575.35, based on a total share capital of 322,451,507 shares as of December 31, 2023[99]. - The total number of common shareholders at the end of the reporting period was 12,197, with the largest shareholder, Lü Shiming, holding 22.92% of shares, amounting to 73,891,799 shares[107]. Risk Management - The company faces risks related to fluctuations in raw material prices, particularly for titanium dioxide and iron oxide pigments, and has implemented strategies to mitigate these risks[62]. - The company has identified risks associated with changes in downstream market demand and is actively adjusting its market strategies to address potential challenges[63]. - The company is facing risks related to investment projects not fully achieving expected returns due to potential policy changes[65]. Safety and Compliance - The company has established a complete environmental monitoring plan for 2024, ensuring compliance with discharge requirements through daily automated testing of wastewater outlets[75]. - The company has conducted regular safety training and awareness programs, ensuring compliance with safety regulations and enhancing employee safety skills[82]. - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company[83].