OLYMPIC(SH:603920)2024-08-22 10:02Financial Performance - The company's operating revenue for the first half of 2024 reached ¥2,395,654,508.53, representing an increase of 11.38% compared to ¥2,150,904,307.48 in the same period last year[14]. - Net profit attributable to shareholders for the first half of 2024 was ¥302,735,169.28, a significant increase of 54.49% from ¥195,957,511.63 in the previous year[14]. - Basic earnings per share for the first half of 2024 were ¥0.51, up 37.84% from ¥0.37 in the same period last year[15]. - The diluted earnings per share increased by 29.73% to ¥0.48 from ¥0.37 in the previous year[16]. - The weighted average return on equity rose to 6.89%, an increase of 0.58 percentage points compared to 6.31% in the previous year[16]. - The company reported a total comprehensive income of CNY 289,822,629.94 for the first half of 2024, compared to CNY 191,954,188.50 in the same period of 2023, an increase of 51.1%[141]. Assets and Liabilities - The company's total assets as of June 30, 2024, amounted to ¥8,177,459,325.34, reflecting a 29.59% increase from ¥6,310,265,837.48 at the end of the previous year[14]. - The net assets attributable to shareholders increased by 54.81% to ¥5,070,536,221.10 compared to ¥3,275,365,479.28 at the end of the previous year[14]. - The company's total liabilities amounted to CNY 2,311,492,901.21, an increase from CNY 2,196,380,692.86 year-over-year[138]. - Owner's equity reached ¥5,304,537,309.48, a significant increase from ¥3,524,270,172.45, showing a growth of approximately 50.5%[135]. Cash Flow - The net cash flow from operating activities decreased by 48.88% to ¥329,614,300.45, primarily due to increased procurement expenses from maturing acceptance bills[16]. - The company's cash and cash equivalents decreased by 37.52% to ¥1,218,241,104.69 from ¥1,949,880,656.78, largely due to increased investments in financial products[61]. - The cash flow from operating activities generated a net amount of CNY 408,686,827.83, an increase of 23.3% compared to CNY 331,524,168.37 in the same period of 2023[147]. Research and Development - Research and development expenses increased by 37.49% to ¥94,618,267.83, up from ¥68,817,503.59, indicating a focus on innovation[60]. - R&D investment reached CNY 94.6183 million, accounting for 3.95% of total revenue, with 6 new utility model patents and 2 invention patents granted during the reporting period[54]. - The company is actively investing in R&D to meet the evolving demands of high-performance computing and AI applications, increasing the proportion of high-value products[40]. Market Position and Strategy - The company ranks 32nd among the top 100 global PCB manufacturers, improving by 4 positions from 2022[26]. - The company is ranked 9th among global automotive PCB suppliers according to N.T. Information[26]. - The company is actively expanding into emerging sectors such as electric vehicles, artificial intelligence, and renewable energy, optimizing its product structure and enhancing gross margins[34]. - The company has established long-term partnerships with numerous well-known brands, enhancing its competitive position in the PCB market[33]. Environmental Responsibility - The company is committed to maintaining compliance with environmental regulations, which may increase costs if stricter standards are imposed in the PCB industry[83]. - The company has implemented a wastewater recycling system using "UF+RO" membrane technology, reducing water consumption significantly[94]. - The company has established environmental management systems and continuously invests in environmental protection measures, including upgrading pollution control equipment to ensure compliance with environmental standards[104]. Investment and Financing - The company raised approximately 1.777 billion RMB through a private placement of 117,964,243 shares at a price of 15.20 RMB per share, which will be used for new projects and working capital[49][50]. - The company plans to invest up to 200 million USD in a new factory in Thailand to enhance overseas market capabilities and improve service quality[48]. - The company has a total fundraising amount of RMB 179,305.65 million, with a net amount of RMB 177,700.23 million after deducting issuance costs[113]. Shareholder Information - The total number of shares increased to 658,588,012, with 117,964,243 new shares issued during the reporting period[120]. - The largest shareholder, New豪国际集团有限公司, holds 315,536,703 shares, representing 47.91% of the total shares[122]. - The company has 117,964,243 restricted shares, representing 17.91% of total shares, with various institutional investors holding significant portions[120]. Compliance and Governance - The integrity status of the company and its controlling shareholders is good, with no unfulfilled court judgments or significant overdue debts[109]. - The company has not engaged in any non-operating fund occupation by shareholders or related parties[110]. - The company has not reported any changes or terminations in fundraising projects during the reporting period[118].