捷荣技术(002855) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 556,614,753.90, a decrease of 41.21% compared to CNY 946,828,660.23 in the same period last year[11]. - The net loss attributable to shareholders for the first half of 2024 was CNY -126,752,128.12, representing a 170.33% increase in losses compared to CNY -46,888,554.71 in the previous year[11]. - The net cash flow from operating activities was CNY -112,193,070.44, which is a decline of 41.86% from CNY -79,085,895.82 in the same period last year[11]. - The total assets at the end of the reporting period were CNY 1,970,839,604.18, down 8.69% from CNY 2,158,458,299.21 at the end of the previous year[11]. - The net assets attributable to shareholders decreased by 13.80% to CNY 781,331,841.80 from CNY 906,438,564.94 at the end of the previous year[11]. - The basic earnings per share for the first half of 2024 was CNY -0.5144, a decrease of 170.74% compared to CNY -0.19 in the same period last year[11]. - The diluted earnings per share also stood at CNY -0.5144, reflecting the same percentage decrease as the basic earnings per share[11]. - The weighted average return on equity was -15.02%, a decline of 10.34% compared to -4.68% in the previous year[11]. - The company reported a significant increase in financing cash flow, which rose by 646.29% to ¥59,055,586.93 from ¥7,913,197.04[22]. - The company reported a net loss of ¥68,458,348.30, which is -3.47% of total equity, primarily due to operational losses[28]. Revenue and Costs - Operating costs decreased by 40.04% to ¥500,515,215.95 from ¥834,749,509.17, primarily due to the decline in revenue[22]. - Domestic revenue fell by 53.74% to ¥284,145,469.88, while international revenue decreased by 18.06% to ¥272,469,284.02[23]. - The precision structural components segment accounted for 83.34% of total revenue, with a 45.13% decline compared to the previous year[23]. - The company experienced a decrease in sales expenses, which were CNY 13.51 million compared to CNY 12.42 million in the previous year, reflecting an increase of about 8.7%[104]. - The total operating costs amounted to CNY 655.55 million, down from CNY 973.61 million year-over-year, indicating a reduction of about 32.7%[104]. Investments and R&D - Research and development expenses increased by 7.03% to ¥30,958,967.13, reflecting investments in new projects and technologies[22]. - The company is committed to continuous innovation in technology and product development, particularly in precision molds and new materials[18]. - The company has not made any new investments in subsidiaries during the reporting period, suggesting a cautious approach to expansion[111]. Assets and Liabilities - The company's total current assets decreased from 885,891,285.09 CNY at the beginning of the period to 734,267,549.72 CNY at the end of the period, a decline of approximately 17%[97]. - Total liabilities decreased from CNY 1,250,648,063.00 to CNY 1,194,486,320.20, a reduction of approximately 4.5%[99]. - Short-term borrowings decreased to ¥220,052,777.78, which is 11.17% of total liabilities, reflecting a reduction in short-term financing[27]. - The company’s cash and cash equivalents at the end of the reporting period amounted to CNY 51,605,078.78, with CNY 47,676,949.8 being bank acceptance bill deposits[31]. Market and Industry Trends - The precision mold and structure components industry saw a 9.7% year-on-year increase in mobile phone production, totaling 752 million units in the first half of 2024[16]. - The company is actively expanding into smart home and wearable technology sectors, alongside cautious development in the new energy business, which has not yet generated revenue[16]. - The company plans to closely monitor industry trends and adjust its business strategies to ensure stable and healthy growth[17]. Environmental Compliance - The company strictly adheres to various environmental protection laws and regulations, including the Environmental Protection Law of the People's Republic of China[56]. - The company has completed environmental impact assessments and obtained necessary environmental permits for all construction projects[56]. - The company invested over RMB 1.9284 million in environmental governance and protection during the reporting period[60]. - The company conducts regular monitoring of waste gas emissions, with results meeting national regulatory standards[59]. Corporate Governance and Management - The company has made several key management appointments, including the election of Zhang Shouzhi as Chairman and President in January 2024[53]. - The first temporary shareholders' meeting in 2024 had a participation rate of 65.80%[52]. - The company has not reported any significant litigation or arbitration matters during the reporting period[65]. Shareholder and Equity Information - The total number of shares issued by the company as of June 30, 2024, is 246,419,682 shares, with a registered capital of 246,419,682 yuan[123]. - The largest shareholder, Jie Rong Technology Group Co., Ltd., holds 43.05% of the shares, totaling 106,089,290 shares[90]. - The company has a total of 39,997 shareholders at the end of the reporting period[90]. Risk Factors - The management has highlighted potential risks in the business operations that may affect future performance, urging investors to remain cautious[2]. - Rising labor costs pose a significant burden on operations, driven by increasing wages for skilled workers and seasonal employment fluctuations[48]. - Customer concentration remains high, with potential adverse impacts on production and short-term performance if major clients reduce demand or prices[47]. Financial Reporting and Accounting Policies - The company follows specific accounting policies and estimates, including methods for inventory valuation and bad debt provisions[128]. - The financial statements were approved by the board of directors on August 22, 2024[125]. - The company assesses its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its sustainability[127].