LH(SH:600099)2024-08-23 08:35Financial Performance - The company's operating revenue for the first half of 2024 reached ¥433,534,955.87, representing an increase of 18.45% compared to ¥366,007,578.93 in the same period last year[11]. - The net profit attributable to shareholders of the listed company was ¥8,561,432.91, a decrease of 11.54% from ¥9,678,040.80 in the previous year[11]. - The net profit after deducting non-recurring gains and losses was ¥6,759,419.67, down 28.67% from ¥9,476,839.65 year-on-year[11]. - The total profit reached 9.157 million yuan, reflecting a year-on-year growth of 6.24%[19]. - The company's operating revenue for the current period was ¥433,534,955.87, representing an increase of 18.45% compared to ¥366,007,578.93 in the same period last year[21]. - The company's net profit for the first half of 2024 was ¥9,102,345.39, compared to ¥8,586,376.75 in the same period of 2023, indicating a year-over-year increase of 6.0%[50]. Cash Flow and Liquidity - The net cash flow from operating activities significantly increased to ¥98,255,274.96, a rise of 1,538.36% compared to ¥5,997,170.48 in the same period last year[11]. - The company's cash received from sales of goods and services increased by 48.85% to ¥464,156,503.01 compared to ¥311,829,472.16 in the prior year[21]. - The cash flow from operating activities was significantly bolstered by an increase in cash received from sales, which reached CNY 347,867,100.06, compared to CNY 180,972,689.81 in the first half of 2023, marking an increase of approximately 92.4%[57]. - The company's cash flow from investment activities showed a negative net amount of ¥144,647,106.42, which is a significant increase in cash outflow compared to ¥-10,318,746.40 in the previous year[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,032,787,198.88, reflecting a growth of 21.88% from ¥847,406,671.71 at the end of the previous year[11]. - The company's inventory increased by 34.56% to ¥173,663,441.41 from ¥129,064,006.72 year-on-year[23]. - Total liabilities amounted to CNY 514,508,795.60, compared to CNY 337,689,701.34, marking an increase of around 52%[47]. - The total amount of fixed assets at the end of the period is 130,792,109.78 CNY, compared to 124,000,000.00 CNY at the beginning of the period, showing an increase of approximately 5.67%[199]. Shareholder Information - The company reported a total of 13,920 common shareholders as of the end of the reporting period[40]. - The largest shareholder, China Fuma Machinery Group Co., Ltd., holds 92,256,920 shares, representing 42.10% of the total shares[41]. - The company distributed dividends totaling CNY 362,500.00, down from CNY 553,583.33 in the previous year, reflecting a reduction in shareholder returns[57]. Research and Development - Research and development expenses rose to ¥19,259,136.47, reflecting an 11.06% increase from ¥17,341,777.83 in the previous year[21]. - The company plans to continue investing in research and development, with R&D expenses amounting to ¥19,259,136.47 in the first half of 2024, compared to ¥17,341,777.83 in the same period of 2023, an increase of 11.1%[50]. Market and Product Development - Sales revenue for special vehicles increased by 34.45% year-on-year, while motorcycle export sales revenue surged by 108.18%[19]. - The company has established a comprehensive marketing network and stable dealer and customer base in both domestic and international markets[17]. - The company’s focus on quality has led to improved operational efficiency and enhanced brand recognition through various promotional activities[19]. Risk Management and Strategy - The company plans to explore dual circulation, digital, intelligent, and green development strategies to mitigate macroeconomic risks[28]. - The company aims to enhance product competitiveness and innovate business models to address market competition risks[28]. - The company will implement measures to control costs in response to fluctuations in raw material prices[28]. Compliance and Governance - The financial report was approved by the board of directors on August 23, 2024, ensuring compliance with regulatory requirements[66]. - The company has no major litigation or arbitration matters during the reporting period[34]. - There were no violations or penalties involving the company or its major stakeholders during the reporting period[34]. Accounting and Financial Reporting - The company adheres to accounting standards, ensuring that financial statements accurately reflect its financial position, operating results, and cash flows[72]. - The company applies simplified accounting for short-term leases and low-value asset leases, recognizing right-of-use assets and lease liabilities at the lease commencement date[155]. - The company recognizes revenue based on the progress of contract performance, using the percentage of completion method when reasonable, otherwise recognizing revenue based on incurred costs until progress can be reliably determined[149].