GDM(SZ:002636)2024-08-30 11:48Financial Performance - The company's operating revenue for the first half of 2024 was ¥1,972,199,872.02, representing a 14.93% increase compared to ¥1,715,998,435.96 in the same period last year[11]. - Net profit attributable to shareholders was ¥69,950,302.69, a significant increase of 516.52% from ¥11,345,950.16 in the previous year[11]. - The net profit after deducting non-recurring gains and losses was ¥1,252,477.35, compared to a loss of ¥2,923,275.66 in the same period last year, marking a 142.84% improvement[11]. - Basic and diluted earnings per share increased to ¥0.10, up 400% from ¥0.02 in the previous year[11]. - The total operating revenue for the first half of 2024 reached ¥1,972,199,872.02, an increase of 15.0% compared to ¥1,715,998,435.96 in the same period of 2023[90]. - The net profit for the first half of 2024 was ¥70,654,754.66, compared to ¥16,185,711.43 in the previous year, indicating a substantial growth in profitability[91]. - The total comprehensive income for the first half of 2024 was ¥72,616,367.25, significantly higher than ¥20,617,831.28 in the same period of 2023[92]. Cash Flow and Assets - The net cash flow from operating activities was ¥10,093,794.87, down 82.24% from ¥56,825,769.58 in the same period last year[11]. - The company's cash and cash equivalents at the end of the reporting period amounted to ¥471,670,323.23, a decrease from ¥910,335,150.20 at the beginning of the period[84]. - Total current assets decreased from ¥3,163,919,497.80 to ¥2,857,484,520.18, reflecting a decline of approximately 9.66%[84]. - The total assets at the end of the reporting period are 1,748,601,881, with total liabilities of 2,918,044,816[109]. - The total amount of financial assets at the end of the period is CNY 351,516,381.10, compared to CNY 223,188,328.67 at the beginning of the period, showing an increase of approximately 57.5%[184]. Segment Performance - The main business segment of copper-clad laminates produced 25.88 million sheets, a year-on-year increase of 28.59%, and sales reached 26.02 million sheets, up 31.63%[19]. - The operating revenue from the copper-clad laminate segment was CNY 1,746.33 million, reflecting a growth of 20.16% year-on-year[19]. - The medical health segment reported operating revenue of CNY 128.31 million, a decline of 29.05% compared to the previous year[20]. - The printed circuit board (PCB) segment generated operating revenue of CNY 97.55 million, an increase of 19.32% year-on-year[20]. Research and Development - The company holds 75 invention patents and 231 utility model patents, showcasing its strong R&D capabilities[21]. - Research and development expenses increased by 15.31% to ¥93,989,951.95 from ¥81,514,194.26 in the previous year[23]. - The company plans to enhance product innovation and R&D efforts to provide high cost-performance, personalized, and diversified products to customers[38]. - The company plans to continue its research and development in electronic materials and new technologies to enhance its product offerings[110]. Risk Management - The company faces significant risks from raw material price fluctuations, particularly for copper foil, fiberglass cloth, and epoxy resin, which constitute a large portion of production costs[38]. - The company is closely monitoring economic conditions and exchange rate fluctuations to manage currency risk effectively[38]. - The company has implemented measures to monitor and manage accounts receivable to mitigate bad debt risks due to market competition[38]. Environmental Compliance - The company adheres to national environmental laws and regulations, ensuring all pollution discharge permits are valid[43]. - The company reported a total emission of 2.13 tons of nitrogen oxides from its Zhuhai facility, within the regulatory limits[44]. - The company has implemented regular environmental monitoring and maintenance in accordance with environmental protection laws and regulations[48]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[49]. Corporate Governance - The company emphasizes the importance of corporate governance and investor rights protection, ensuring timely and accurate disclosure of significant information[50]. - The company has established a comprehensive human resources management system to protect employee rights and enhance job satisfaction[50]. - The company has maintained a good integrity status, with no unfulfilled legal obligations or significant debts due[55]. Shareholder Information - The company reported a 67.58% investor participation rate in the first extraordinary shareholders' meeting held on April 25, 2024[40]. - The company will not distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the half-year period[42]. - Total number of common shareholders at the end of the reporting period was 42,740, with 5% or more shareholders including Shanghai Donglin Investment Development Co., Ltd. holding 39.83% (289,926,000 shares) and Jin'an International Technology Group Co., Ltd. holding 25.65% (186,732,000 shares)[76]. Financial Liabilities and Guarantees - The total approved external guarantees during the reporting period amounted to 476,000[67]. - Actual guarantees provided during the reporting period totaled 366,699[67]. - The company provided a joint liability guarantee of 90,000 for Shanghai Guoji, with actual guarantees of 7,000 and 20,000 in 2022 and 2023 respectively[65]. Accounting Policies - The company adheres to the Chinese Accounting Standards and has ensured the accuracy and completeness of its financial reporting[115]. - The company recognizes investment income based on cash dividends or profits declared by the investee[146]. - The company assesses impairment indicators for non-current non-financial assets at the balance sheet date and conducts impairment tests if indicators are present[158].