四会富仕(300852) - 2024 Q2 - 季度财报

Financial Performance - The company reported a revenue of 500 million CNY for the first half of 2024, representing a 15% increase compared to the same period last year[8]. - The net profit for the first half of 2024 was 80 million CNY, which is a 20% increase year-over-year[8]. - The company's operating revenue for the reporting period was ¥653,092,174.03, representing a 4.04% increase compared to ¥627,743,953.26 in the same period last year[13]. - Net profit attributable to shareholders decreased by 9.82% to ¥89,628,307.21 from ¥99,392,520.29 year-on-year[13]. - The net profit after deducting non-recurring gains and losses was ¥77,587,838.97, down 15.93% from ¥92,290,021.33 in the previous year[13]. - The company reported a basic earnings per share of ¥0.8272, down 15.17% from ¥0.9751 in the previous year[13]. - The diluted earnings per share decreased by 34.93% to ¥0.6345 from ¥0.9751 year-on-year[13]. - The weighted average return on net assets was 5.81%, down from 7.82% in the previous year, indicating a decline in profitability[13]. - The company achieved operating revenue of 653.09 million yuan, a year-on-year increase of 4.04%[22]. - The company reported a net profit for the first half of 2024 of CNY 89.61 million, down from CNY 99.33 million in the first half of 2023, indicating a decrease of about 9.3%[139]. Market Expansion and Product Development - User data indicates a growth in active users by 25%, reaching a total of 1.5 million users[8]. - The company plans to launch two new products in Q4 2024, aiming to capture a larger market share in the PCB sector[8]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in sales in that region by the end of 2024[8]. - The company is focusing on expanding overseas markets and prioritizing high-value, high-margin products[22]. - The company is actively expanding its market presence in the automotive electronics sector, capitalizing on the rise of electric vehicles and increasing safety standards[30]. - The PCB industry is expected to see a market value growth of approximately 5% in 2024, driven by the rapid development of generative AI and strong demand in automotive electronics[17]. Research and Development - Investment in R&D has increased by 12%, focusing on high-density interconnect (HDI) technology development[8]. - The company continues to focus on the R&D, production, and sales of various types of printed circuit boards (PCBs), including HDI boards and high-frequency boards[18]. - The company has a comprehensive R&D system, responding to customer needs and participating in the development of next-generation products[26]. - The company holds a total of 32 valid patents, including 16 invention patents, focusing on advanced technologies in the PCB industry[32]. - The company has applied for 5 new invention patents, indicating a strong focus on innovation and technology development[32]. Financial Management and Investments - The company issued 570 million yuan in convertible bonds with a maturity of 6 years, with interest rates starting at 0.30%[23]. - Interest expenses for the convertible bonds amounted to 14.97 million yuan, impacting the net profit margin by 1.95 percentage points[24]. - The total investment during the reporting period was ¥1,380,504,324.74, a decrease of 11.56% from ¥1,560,909,372.71 in the same period last year[42]. - The company has committed to investing RMB 12.72 million for working capital, with a cumulative investment of RMB 12.74 million, exceeding the planned amount due to interest income[48]. - The company has a total of RMB 123.37 million in entrusted financial management, with no overdue amounts[50]. Risk Management - The company faces risks related to supply chain disruptions and is implementing measures to mitigate these risks[2]. - The company is implementing measures to mitigate risks from raw material price volatility, including optimizing supply chain management and improving material utilization[61]. - The company is actively monitoring exchange rate fluctuations and employing hedging tools to manage foreign exchange risks[62]. - The company has implemented risk control measures for its derivative investments, including strict adherence to operational procedures and regular audits[54]. - The company will continue to monitor international political and economic changes to minimize risks from trade friction[60]. Environmental Responsibility - The company adheres to multiple environmental protection laws and standards, including the "Electroplating Water Pollutants Discharge Standard" and the "Electronic Industry Water Pollutants Discharge Standard"[77]. - The company has implemented a comprehensive wastewater treatment system to ensure compliance with environmental standards[78]. - The company is committed to sustainable practices and has developed plans in line with the "14th Five-Year Plan" for ecological environment protection[77]. - The company has established a pollution control plan in accordance with local government regulations[77]. - The company aims to enhance its environmental protection efforts by increasing investments in pollution control facilities and promoting clean production practices[80]. Shareholder and Governance Matters - The board has decided not to distribute cash dividends for the current fiscal year, opting to reinvest profits into growth initiatives[2]. - The company will not distribute cash dividends or issue bonus shares for the half-year period[70]. - The company has undergone changes in its board and management, with several key personnel changes occurring on May 29, 2024[69]. - The company has established employee stock ownership plans, with participants waiving their proposal and voting rights in related meetings[90]. - The company has committed to a proactive, sustainable, and stable profit distribution policy, focusing on reasonable returns for investors while considering long-term development and actual profit conditions[90]. Financial Position and Liquidity - Total assets at the end of the reporting period were ¥2,497,837,734.27, a 4.65% increase from ¥2,386,894,799.56 at the end of the previous year[13]. - The company's cash and cash equivalents decreased by 23.33% to a net increase of -¥43,718,860.18 compared to -¥35,449,456.51 in the previous year[35]. - The company reported a significant decrease in interest coverage ratio, dropping to 7.76 from 584.06, a decline of 98.67%[129]. - The total liabilities at the end of the reporting period were reported at 1,541,310,966.31 CNY, indicating a stable financial position[149]. - The company reported a long-term investment increase to CNY 316,954,782.32 from CNY 208,845,242.32, a growth of approximately 51.9%[135]. Employee Engagement and Welfare - The company emphasizes employee welfare by providing housing support and addressing children's education needs to encourage long-term development[85]. - The company has established a performance evaluation system to enhance employee engagement and professional development[85]. - The first phase of the employee stock ownership plan involved 514 employees, holding a total of 0 shares, representing 0.00% of the company's total equity[71]. - The second phase of the employee stock ownership plan included 564 employees, with a total of 1,459,080 shares held, accounting for 1.02% of the company's total equity[71]. Corporate Governance and Compliance - The company emphasizes strict adherence to information disclosure obligations, ensuring transparency and timely communication with investors[86]. - The company has not experienced any environmental responsibility incidents or penalties during the reporting period, reflecting its commitment to environmental protection[86]. - The company has implemented measures to avoid competition with its controlling shareholder and related parties, ensuring no direct or indirect competition in business operations[89]. - The company is committed to fair operations in related transactions, ensuring no harm to the interests of the company and its shareholders[90]. - The company has not engaged in any violations regarding external guarantees during the reporting period[93].