科新机电(300092) - 2024 Q2 - 季度财报

Section I Important Notice, Table of Contents and Definitions This section provides crucial disclaimers, outlines the report's structure, and defines key terms used throughout the document Important Notice The company's board and management assure report accuracy, highlight market, accounts receivable, and operational risks, and confirm no interim dividend distribution - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report[2] - Company head Lin Zhenhua, chief accountant Yang Hui, and accounting department head Du Lan declare the financial report is true, accurate, and complete[2] - Investors should be aware of market competition risks, increased accounts receivable bad debt risks, and operational management risks[2][3][5] - The company plans no interim cash dividends, bonus shares, or capital increase from capital reserves[6] Table of Contents This section outlines the report's overall structure, including important notices, company profile, management discussion, corporate governance, and financial reports Definitions This section defines common terms used in the report, covering company names, shareholders, subsidiaries, regulatory bodies, and key technical and financial terms - The company's name is Sichuan Kexin Electromechanical Co., Ltd[9] - The controlling shareholders/actual controllers are Lin Zhenrong, Lin Zhenhua, and Lin Zhenfu[9] - The reporting period is January 1, 2024 - June 30, 2024[9] Section II Company Profile and Key Financial Indicators I. Company Profile The company, known as Kexin Electromechanical (stock code 300092), is listed on the Shenzhen Stock Exchange, with Lin Zhenhua as its legal representative Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Kexin Electromechanical | | Stock Code | 300092 | | Listing Exchange | Shenzhen Stock Exchange | | Chinese Name | 四川科新机电股份有限公司 | | Legal Representative | Lin Zhenhua | II. Contact Persons and Information The company's board secretary is Yang Hui, and securities affairs representative is Zeng Xiaowei, with contact details provided for their shared address Contact Information | Position | Name | Contact Address | Phone | Fax | Email | | :--- | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Yang Hui | 21 Tuojiang Road West Section, Shifang Economic Development Zone, Sichuan Province | 0838-8265111 | 0838-8501288 | comelec@sckxjd.com | | Securities Affairs Representative | Zeng Xiaowei | 21 Tuojiang Road West Section, Shifang Economic Development Zone, Sichuan Province | 0838-8265111 | 0838-8501288 | comelec@sckxjd.com | III. Other Information During the reporting period, the company's registered address, office address, website, email, information disclosure, and registration changes remained unchanged - The company's contact information, information disclosure and filing location, and registration changes remained unchanged during the reporting period[12][13][15] IV. Key Accounting Data and Financial Indicators This period saw a 7.27% decrease in operating revenue, but a 7.12% increase in net profit attributable to shareholders, with significant improvement in operating cash flow Key Accounting Data and Financial Indicators (Current Reporting Period vs. Same Period Last Year) | Indicator | Current Reporting Period (RMB) | Same Period Last Year (RMB) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 714,945,285.28 | 770,982,406.74 | -7.27% | | Net Profit Attributable to Shareholders of the Listed Company | 96,977,363.63 | 90,535,062.78 | 7.12% | | Net Profit Attributable to Shareholders After Deducting Non-Recurring Gains and Losses | 93,087,819.58 | 88,924,163.55 | 4.68% | | Net Cash Flow from Operating Activities | -46,824,518.53 | -78,222,881.93 | 40.14% | | Basic Earnings Per Share (RMB/share) | 0.3540 | 0.3485 | 1.58% | | Diluted Earnings Per Share (RMB/share) | 0.3540 | 0.3485 | 1.58% | | Weighted Average Return on Net Assets | 6.17% | 7.13% | -0.96% | | End of Current Reporting Period | | | | | Total Assets (RMB) | 2,195,810,598.69 | 2,385,504,474.91 | -7.95% | | Net Assets Attributable to Shareholders of the Listed Company (RMB) | 1,558,649,806.02 | 1,522,952,296.52 | 2.34% | V. Accounting Data Differences Under Domestic and Overseas Accounting Standards The company reported no differences in net profit or net assets between financial statements prepared under international/overseas accounting standards and Chinese accounting standards - The company reported no accounting data differences under domestic and overseas accounting standards during the reporting period[17][18] VI. Non-Recurring Gains and Losses Items and Amounts Non-recurring gains and losses totaled 3,889,544.05 RMB this period, primarily from fair value changes, government grants, and reversal of impairment provisions Non-Recurring Gains and Losses Items and Amounts | Item | Amount (RMB) | | :--- | :--- | | Gains and losses from disposal of non-current assets | -14,612.09 | | Government grants recognized in current profit or loss | 577,594.00 | | Gains and losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, and gains and losses from disposal of financial assets and liabilities, except for effective hedge accounting related to normal business operations | 4,382,302.57 | | Reversal of impairment provisions for accounts receivable subject to separate impairment testing | 249,680.73 | | Other non-operating income and expenses apart from the above | -677,459.46 | | Other gains and losses items that meet the definition of non-recurring gains and losses | 85,849.71 | | Less: Income tax impact | 713,811.41 | | Total | 3,889,544.05 | - The company has no situation where non-recurring gains and losses items are defined as recurring gains and losses items[21] Section III Management Discussion and Analysis I. Main Business Activities During the Reporting Period The company specializes in designing, developing, and manufacturing high-end heavy process equipment and system integration for nuclear power, new energy, and new materials sectors (I) Industry Development The company operates in the special process equipment manufacturing industry, a strategic sector benefiting from national policies supporting clean energy and advanced manufacturing - The company operates in the special process equipment manufacturing industry, a branch of the equipment manufacturing industry, which is a core equipment encouraged by the state for independent production[22] - In 2022, China's pressure vessel holding volume reached 4.9715 million units, a stable and orderly increase of 6.51% compared to 2010[22] - National "carbon peak and carbon neutrality" goals and the "14th Five-Year Plan" promote the development of clean energy such as nuclear power, natural gas, solar energy, and hydrogen energy, bringing opportunities to the metal pressure vessel industry[23] (II) Current Industry Characteristics The pressure vessel process equipment manufacturing industry is investment-driven, characterized by low concentration and increased market competition due to slower downstream investment - The industry is a typical investment-driven industry, with a large number of licensed manufacturing enterprises nationwide and low industry concentration[24] - During the reporting period, affected by