善水科技(301190) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was approximately ¥247.97 million, representing a 4.91% increase compared to ¥236.37 million in the same period last year [16]. - Net profit attributable to shareholders decreased by 24.87% to ¥54.15 million from ¥72.07 million year-on-year [16]. - The net cash flow from operating activities was negative at ¥95.28 million, a decline of 270.53% compared to a positive cash flow of ¥55.87 million in the previous year [16]. - Basic earnings per share fell by 23.44% to ¥0.2571 from ¥0.3358 in the same period last year [16]. - Total assets at the end of the reporting period were approximately ¥2.30 billion, down 6.04% from ¥2.45 billion at the end of the previous year [16]. - The net assets attributable to shareholders decreased by 3.38% to ¥1.96 billion from ¥2.02 billion year-on-year [16]. - The weighted average return on net assets was 2.64%, down from 3.47% in the previous year [16]. - The company achieved operating revenue of 247.97 million yuan, an increase of 4.91% compared to the same period last year [41]. - The net profit attributable to shareholders of the listed company was 54.01 million yuan [41]. Investment and Financial Management - The company plans to retain earnings and not distribute cash dividends or issue bonus shares, focusing on reinvestment for growth [7]. - The company has a robust financial management framework in place to ensure efficient use of idle funds, although investment risks remain that could adversely affect financial performance [7]. - The company invested CNY 82,545,252.66 during the reporting period, a decrease of 13.08% from CNY 94,966,868.33 in the previous year [48]. - The total amount of raised funds is CNY 1,383,972,305.77 after deducting issuance costs of CNY 110,458,694.23 [52]. - The company has a total of CNY 7,091.57 million in excess raised funds, of which CNY 4,227 million has been allocated to supplement working capital [52][55]. - The company has committed CNY 10,065 million to entrusted financial management, with CNY 25,600 million overdue in trust financial products [58]. - The company has recognized a fair value loss of CNY 11,835 million on trust products due to the inability to recover the principal [58]. - The company has not experienced any significant changes in the feasibility of its projects during the reporting period [57]. Environmental and Safety Compliance - The company has maintained a strong focus on environmental protection, implementing clean production processes to minimize waste emissions, although increased regulatory requirements may raise operational costs [3]. - The company is classified as a key pollutant discharge unit by environmental protection authorities [71]. - The company has valid pollutant discharge permits effective from July 27, 2023, to July 26, 2028 [71]. - Total hazardous waste generated in the first half of 2024 amounted to 116.462 tons, with a management plan for 393.8 tons for the year [73]. - The company reported a total COD discharge of 8.42 tons and ammonia nitrogen discharge of 0.85 tons for the first half of 2024 [72]. - The company has implemented measures to ensure that wastewater meets the standards before discharge into the industrial park treatment facility [74]. - The company has not faced any administrative penalties related to environmental issues during the reporting period [79]. - The company generated a total of 25.418 tons of hazardous waste in the first half of 2024, with a management plan for 135.8 tons of hazardous waste [75]. Technological Innovation and Development - The company emphasizes the importance of technological innovation as a core competitive advantage, focusing on the development of products like 6-nitro and 5-nitro intermediates, which are critical for maintaining market share [5]. - The company has established a comprehensive technology protection strategy, including confidentiality agreements with key personnel, to mitigate the risk of technology leaks that could harm its competitive position [6]. - The company’s core technology system integrates product research, process development, and equipment modification, positioning it among the industry leaders [5]. - The company has developed three core technology platforms that enhance production efficiency and product quality while reducing costs compared to industry peers [26]. - The effective ingredient content of the company's 6-nitro products is 80-85%, higher than the industry average of 70-75%, providing a competitive edge [30]. - The company plans to continue focusing on the development of new products and technologies to enhance market competitiveness [16]. - The company has a research and development team of over 70 personnel, with 47 patents obtained, including 17 invention patents [32]. Market and Industry Outlook - The company operates in the fine chemical industry, focusing on dye intermediates, pesticides, and pharmaceutical intermediates [23]. - The demand for acid dyes is expected to increase due to the anticipated growth in the use of nylon products, driven by lower raw material prices and rising outdoor product demand [23]. - The pesticide market in China is projected to maintain stable growth in sales, with an increase in export ratios expected in the second half of 2024 [23]. - The global pesticide market is undergoing structural adjustments, with the biological pesticide market expected to grow at a double-digit annual rate [24]. - The pharmaceutical industry is expected to see significant advancements in R&D and new drug launches in the second half of 2024, driven by supportive national policies [26]. Risk Management - The company faces potential risks from fluctuating raw material prices, which could significantly impact profitability if not managed effectively [2]. - The company faces risks related to product price fluctuations, which could negatively impact revenue if raw material prices or market competition change unfavorably [61]. - Environmental protection risks are present due to the nature of the chemical industry, and the company has implemented measures to reduce emissions and comply with regulations [62]. - The company emphasizes safety production and has not experienced major accidents, but risks remain due to the use of hazardous materials [62]. - Investment management is conducted under strict regulations to mitigate risks associated with financial investments [66]. Corporate Governance and Shareholder Information - The company held its 2023 Annual General Meeting on May 17, 2024, with an investor participation rate of 60.62% [69]. - No cash dividends or stock bonuses were distributed for the first half of 2024, and no capital reserve was converted into share capital [69]. - The company has not experienced any changes in its board of directors, supervisors, or senior management during the reporting period [69]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period [81]. - There were no significant litigation or arbitration matters during the reporting period [82]. - The company did not experience any major contracts or leasing situations during the reporting period [86]. - Total shares outstanding as of the end of the reporting period were 214,636,500 shares [92]. - The largest shareholder, Huang Guorong, holds 18.64% of the shares, totaling 40,000,000 shares [92].