Financial Performance - The company achieved operating revenue of CNY 174.71 million, a 2.53% increase compared to the same period last year[14]. - The net profit attributable to shareholders was CNY 47.48 million, reflecting a growth of 0.73% year-over-year[14]. - The net profit after deducting non-recurring gains and losses was CNY 46.73 million, up 4.85% from the previous year[14]. - The company's operating revenue for the first half of 2024 was CNY 174,708,914.41, representing a 2.53% increase compared to CNY 170,397,430.50 in the same period last year[29]. - The gross profit margin improved to 42.23%, up from 39.58% in the previous year, indicating better cost management[29]. - The company reported a net profit of CNY 47,481,116.25, a slight increase of 0.73% from CNY 47,136,822.28 in the previous year[29]. - The company achieved a total profit of ¥55,154,183.73, slightly up from ¥54,171,060.41 in the previous year, marking a growth of 1.8%[63]. - The net profit for the period was ¥47,481,116.25, with a difference of ¥5,095,755.00 from the net cash flow from operating activities, primarily due to non-cash costs such as depreciation and amortization[35]. Cash Flow and Financial Position - The company reported a cash flow from operating activities of CNY 52.58 million, down from CNY 60.89 million in the previous year[17]. - The company's cash and cash equivalents decreased significantly, reflecting changes in working capital management[28]. - The net cash flow from operating activities decreased to CNY 52,576,871.25 from CNY 60,893,017.51 year-on-year, reflecting a decline of approximately 13.5%[68]. - The total cash and cash equivalents at the end of the period stood at CNY 171,956,195.87, slightly down from CNY 168,253,129.08 at the end of the first half of 2023[69]. - The company reported a cash outflow from investing activities of CNY 57,887,978.59, compared to CNY 22,924,526.21 in the previous year, indicating increased investment activity[68]. - Cash outflow from financing activities amounted to CNY 36,552,841.11, up from CNY 24,317,100.00 in the same period last year, showing a rise of approximately 50.0%[69]. - The total assets at the end of the period amounted to CNY 562.56 million, representing a 1.09% increase from the previous year[15]. - The total liabilities decreased by 11.24% to CNY 45.50 million compared to the previous year[15]. Research and Development - The company increased its R&D efforts, adding 9 new patents during the reporting period[2]. - The company is actively engaged in R&D, collaborating with Harbin Institute of Technology to enhance product efficiency and innovation[21]. - The company's R&D expenses increased by 22.61% to CNY 8,545,788.48, reflecting a commitment to innovation and product development[29]. - The company holds 63 patents and has received multiple recognitions as a high-tech enterprise, enhancing its competitive edge in the market[21]. Shareholder Information - The company completed a cash dividend distribution of 3.00 RMB per 10 shares based on a total share capital of 118,930,000 shares on May 21, 2024[2]. - Major shareholder Wu Guoliang holds 85,781,900 shares, representing 72.13% of the total shares[44]. - The total number of ordinary shares is 118,930,000, with 51,900,498 shares being unrestricted, accounting for 43.64%[43]. - The company raised a total of RMB 141,750,000 from the public offering of shares in 2022, with a net amount of RMB 123,841,673.34 after deducting issuance costs[45]. Market and Operational Insights - The company operates in the automotive parts manufacturing industry, focusing on the R&D, production, and sales of heat exchangers[11]. - The revenue from domestic sales surged by 87.15% to CNY 49,515,347.82, while overseas sales decreased by 13.02% to CNY 125,193,566.59[34]. - Export sales accounted for 71.66% of total operating revenue in the first half of 2024, indicating a strong reliance on international markets[39]. - The company has a sufficient order backlog, indicating a positive outlook for ongoing operations[22]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[5]. - The company is facing risks related to fluctuations in the RMB to USD exchange rate, which could impact operating revenue[39]. - The company has implemented measures to mitigate risks associated with rising labor costs by investing in digital production projects and automation equipment[39]. - The company has not faced any delisting risks as per the report[6]. Corporate Governance - The actual controller of the company is Wu Guoliang, with associated parties being Xing Shang Consulting and Shang Wei Consulting[12]. - The company has a total of 3 senior management personnel and 5 board members[48]. - The company has not experienced any significant changes in major risks during the reporting period[40]. - There are no pledged or judicially frozen shares among the top ten shareholders[45]. Accounting and Financial Reporting - The financial report for the first half of 2024 has not been audited by an accounting firm[5]. - The financial statements are prepared based on the accrual basis of accounting, with historical cost as the measurement basis[92]. - The company adheres to the accounting standards set forth by the Ministry of Finance, ensuring that the financial statements reflect a true and complete picture of its financial status[93]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[101].
邦德股份(838171) - 2024 Q2 - 季度财报