Workflow
球冠电缆(834682) - 2024 Q2 - 季度财报
QRUNNINGCABLEQRUNNINGCABLE(BJ:834682)2024-08-23 07:56

Financial Performance - The company's operating revenue for the first half of 2024 was approximately CNY 1.63 billion, representing a 14.08% increase compared to CNY 1.43 billion in the same period last year[15]. - The net profit attributable to shareholders of the listed company was CNY 58.48 million, a slight increase of 1.37% from CNY 57.69 million in the previous year[15]. - The company's gross profit margin decreased to 12.54% from 13.10% in the same period last year[15]. - The weighted average return on net assets based on net profit attributable to shareholders was 5.48%, down from 5.69% in the previous year[15]. - The basic earnings per share increased by 4.76% to CNY 0.22 from CNY 0.21 in the previous year[15]. - Operating revenue increased by 14.08% to 163,297.26 million yuan, while net profit rose by 1.37% to 58,480,800 yuan[22]. - The net profit for the period was ¥58,480,809.36, a modest increase of 1.37% from ¥57,690,472.53 in the prior year[30]. - Total operating revenue for the first half of 2024 reached ¥1,632,972,612.99, an increase of 14.1% compared to ¥1,431,480,174.32 in the same period of 2023[69]. - Net profit for the first half of 2024 was ¥58,480,809.36, slightly up from ¥57,690,472.53 in the first half of 2023, indicating a growth of 1.4%[71]. Assets and Liabilities - The total assets at the end of the reporting period reached approximately CNY 2.71 billion, up 16.76% from CNY 2.32 billion at the end of the previous year[16]. - The total liabilities increased by 33.00% to CNY 1.67 billion, compared to CNY 1.25 billion in the previous year[16]. - The company's net assets attributable to shareholders decreased by 2.32% to approximately CNY 1.04 billion from CNY 1.07 billion in the previous year[16]. - The total asset growth rate was 16.76%, down from 23.73% year-on-year[18]. - The company's total assets grew by 16.76% to CNY 2,707,380,829.93, up from CNY 2,318,735,456.84[28]. - Current liabilities rose to CNY 1,572,463,459.75, compared to CNY 1,080,569,253.81, marking an increase of about 45.6%[62]. - Total liabilities amounted to CNY 1,666,040,618.79, up from CNY 1,252,676,055.06, indicating a growth of about 33.0%[63]. - The total amount of special reserves at the end of the reporting period is 81,204,583.88 CNY, consistent with the previous period[85]. Cash Flow - The company's net cash flow from operating activities was -94,265,270.26 yuan, an improvement of 41.09% compared to -160,025,025.35 yuan in the same period last year[17]. - Cash flow from operating activities improved by 41.09%, amounting to a net cash outflow of ¥94,265,270.26, compared to a net outflow of ¥160,025,025.35 in the previous period[36][37]. - The total cash inflow from operating activities increased to 1,572,143,653.77 CNY in the first half of 2024, up from 1,259,526,867.58 CNY in the first half of 2023, reflecting a growth of approximately 24.8%[80]. - The net cash flow from financing activities for the first half of 2024 was 223,020,937.54 CNY, compared to 159,288,911.81 CNY in the first half of 2023, representing an increase of approximately 39.9%[80]. - The company's cash and cash equivalents increased significantly from ¥267,169,688.14 to ¥445,235,062.44, marking a growth of approximately 66.7%[60]. Research and Development - The company completed the R&D of five projects, including B1 level stranded connection cables and high flame-retardant aluminum sheath cables[22]. - Research and development expenses increased to ¥54,754,176.27, a rise of 19.9% from ¥45,914,876.06 in the previous year[69]. - The company received six national patent authorizations and one software copyright during the reporting period[22]. Social Responsibility and Environmental Initiatives - The company received seven certifications related to green enterprise and sustainable development, marking significant progress in environmental initiatives[2]. - The company was awarded the "Most Social Responsibility Award" for the fifth consecutive year, reflecting its commitment to social welfare[2]. - The company has employed a total of 105 individuals from impoverished areas as part of its social responsibility initiatives since 2020[39]. - The company was awarded the title of "Model Enterprise" by the Ningbo Municipal Government for its compliance and tax contributions during the reporting period[40]. Shareholder Information - The total number of shares held by the top ten shareholders increased from 134,204,548 to 174,680,803, representing a 64.60% ownership stake[50]. - The largest shareholder, Ningbo Beilun Thomas Investment Co., Ltd., increased its holdings from 41,769,000 to 54,299,700 shares, accounting for 20.08% of total shares[50]. - The second-largest shareholder, Tiandi International Holdings Limited, raised its stake from 39,000,000 to 50,700,000 shares, representing 18.75% of total shares[50]. - The company reported a total of 270,400,000 shares outstanding, with 103,913,030 shares being freely tradable, representing 38.43% of the total[49]. Risk Management - There have been no significant changes in major risks faced by the company during the reporting period[43]. - The company is actively monitoring macroeconomic policies that may impact the power cable industry, with a focus on stable growth in the Chinese economy[43]. Accounting Policies - The financial report complies with the requirements of the accounting standards issued by the Ministry of Finance, ensuring a true and complete representation of the company's financial results[99]. - The company has not reported any changes in accounting policies or estimates compared to the previous financial statements[90]. - The company uses Renminbi as its functional currency for accounting purposes[101]. Inventory and Receivables - Inventory increased by 18.09% to CNY 532,584,496.71, up from CNY 450,985,875.63[27]. - Accounts receivable rose by 17.61% to CNY 1,082,593,555.29, compared to CNY 920,474,386.07 in the previous period[27]. - The accounts receivable aging analysis shows that the amount due within one year is 1,053,629,732.91, which is an increase from 904,871,769.94 in the previous year, indicating a growth of approximately 16.43%[195]. - The provision for bad debts for accounts receivable aged over three years is 31,308,646.97, with a 100% provision rate[197].