LIBA(SH:603519)2024-08-25 07:34Financial Performance - The company's operating revenue for the first half of 2024 reached ¥817,621,409.36, representing a 23.90% increase compared to the same period last year[16]. - The net profit attributable to shareholders of the listed company was ¥76,107,811.61, showing a significant decrease of 88.61% year-on-year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥71,053,839.65, which is a 34.33% increase compared to the previous year[16]. - The net cash flow from operating activities was ¥92,473,936.17, reflecting a 50.54% increase from the same period last year[16]. - Basic earnings per share decreased by 88.45% to CNY 0.29 compared to CNY 2.51 in the same period last year[17]. - Weighted average return on equity dropped by 36.80 percentage points to 5.29% from 42.09% year-on-year[17]. - The company reported a total comprehensive income attributable to the parent company for the first half of 2024 was ¥76,107,811.61, down from ¥668,101,713.02 in the same period of 2023[78]. - The total comprehensive income for the first half of 2024 is CNY 73,473,071.47, while the profit distribution shows a deduction of CNY 263,777,743.00[89]. Assets and Liabilities - The net assets attributable to shareholders of the listed company decreased by 14.25% to ¥1,251,975,580.43 compared to the end of the previous year[16]. - Total assets decreased by 12.53% to ¥1,703,738,471.08 compared to the end of the previous year[16]. - Total current assets decreased from CNY 1,655,103,082.80 as of December 31, 2023, to CNY 1,412,312,654.85 as of June 30, 2024, representing a decline of approximately 14.7%[70]. - Total liabilities decreased from CNY 487,804,845.02 to CNY 451,762,890.65, a reduction of approximately 7.4%[72]. - Total equity attributable to shareholders decreased from CNY 1,460,061,687.20 to CNY 1,251,975,580.43, reflecting a decline of about 14.3%[72]. - Short-term borrowings rose by 183.07% to CNY 85,000,000.00, primarily due to increased bank loans during the reporting period[27]. Research and Development - Research and development expenses increased by 17.96% to CNY 24,815,006.81, primarily due to increased investment in R&D materials[25]. - The company developed 48 new PCM products and 18 new VCM products during the first half of 2024, with 12 and 3 products entering mass production, respectively[23]. - The company focuses on both customer-driven and self-initiated product development to meet market demands[19]. Market and Operations - The production of household refrigerators increased by 9.7% year-on-year, reaching 50.51 million units in the first half of 2024[21]. - The company maintains a high material yield rate of over 95%, positioning it favorably in the industry[22]. - The company has established long-term partnerships with major brands such as Midea, Haier, and LG, enhancing its market presence[22]. - The company employs a direct sales model, ensuring close alignment with customer needs and rapid response capabilities[19]. Environmental Compliance - The company is classified as a key pollutant discharge unit, with specific emissions standards being met for volatile organic compounds and xylene[40]. - The company upgraded its VOCs waste gas treatment system, introducing three sets of RTO regenerative thermal oxidation devices to convert low-concentration VOCs pollutants into high-concentration gases, significantly reducing natural gas consumption[43]. - The company achieved stable compliance with pollutant discharge standards, with key parameters such as biochemical oxygen demand (BOD) at 10 mg/L and total nitrogen at 10 mg/L, both meeting the standards set by the local sewage treatment plant[42]. - The company has obtained an environmental management system certification valid until August 12, 2026, and has secured a pollutant discharge permit valid from November 5, 2021, to November 4, 2026[44]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 15,202[64]. - The largest shareholder, Lu Fengxian, holds 69,039,049 shares, representing 25.92% of the total shares[64]. - Yancheng Dongfang Investment Development Group Co., Ltd. holds 58,813,319 shares, accounting for 22.08% of the total shares, with 29,400,000 shares pledged[64]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest three shareholders alone accounting for 52.43%[64]. Investment Activities - The total amount of external investments made by the company and its subsidiaries during the reporting period was 0 million RMB, unchanged from the same period last year, reflecting a 0% change[30]. - The company invested 13,000.00 million RMB in the "Jiaxing Junfeng Investment Partnership" private equity fund, which has a total scale of 13,230.00 million RMB[30]. - The company contributed 6,000.00 million RMB to Shanghai Zhanchip Electronics Technology Co., Ltd., holding 5.08% of the shares through Jiaxing Junfeng[30]. - The company invested 3,000.00 million RMB in Anhui Fulede Semiconductor Materials Co., Ltd., holding 2.44% of the shares through Jiaxing Junfeng[30]. Compliance and Governance - The company has committed to strict adherence to public commitments made during its initial public offering, ensuring transparency and accountability in its operations[49]. - The company reported a penalty of RMB 100 for violating fire safety regulations, specifically for blocking evacuation routes[55]. - There are no major litigation or arbitration matters reported during the period[55]. - The company and its controlling shareholders have maintained integrity, with no significant debts or court judgments unmet during the reporting period[56]. Financial Management - The company has not disclosed any major related party transactions or significant contracts during the reporting period[59][60]. - There are no strategic investments or changes in controlling shareholders reported[67]. - The company has not engaged in any major asset acquisitions or disposals during the reporting period[58]. - The company has not provided any performance guidance or future outlook in the current report[67]. Taxation and Incentives - The company holds a high-tech enterprise certificate valid for three years, allowing it to pay corporate income tax at a preferential rate of 15%[199]. - The company’s subsidiaries qualify for small and micro enterprise tax incentives, allowing them to pay corporate income tax at a rate of 20% on taxable income not exceeding ¥1 million[199]. - The company is eligible for a 5% additional deduction on VAT for advanced manufacturing enterprises from January 1, 2023, to December 31, 2027[199].