Financial Performance - The company's operating revenue for the first half of 2024 was CNY 168,656,606.81, representing a year-on-year increase of 1.85% compared to CNY 165,598,682.55 in the same period last year[11]. - The gross profit margin improved to 40.79%, up from 40.29% in the previous year, indicating a growth of 9.37%[11]. - The net profit attributable to shareholders was CNY 38,104,392.25, a decrease of 17.14% from CNY 0.35 per share in the same period last year[11]. - The company's total revenue for the period was $168.66 million, representing a 1.85% increase compared to $165.60 million in the same period last year[27]. - Net profit for the first half of 2024 reached ¥38,821,911.11, an increase from ¥34,849,175.97 in the same period of 2023, representing a growth of approximately 5.6%[63]. - The total profit for the first half of 2024 was ¥45,045,743.57, up from ¥40,351,649.56 in the first half of 2023, representing an increase of approximately 11.7%[63]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 797,759,039.35, a slight decrease of 0.24% from CNY 799,649,585.80 at the end of the previous year[12]. - Total liabilities decreased by 5.89% to CNY 106,395,750.34 from CNY 113,060,307.25 in the previous year[12]. - The net assets attributable to shareholders increased by 0.82% to CNY 685,426,428.05 from CNY 679,819,535.80[12]. - The company's total equity as of June 30, 2024, was ¥691,363,289.01, a slight increase from ¥686,589,278.55[57]. - The total liabilities decreased to ¥106,395,750.34, down 6.73% from ¥113,060,307.25[57]. Cash Flow - The cash flow from operating activities showed a significant increase to CNY 28,425,853.55, up 365.31% from CNY 6,108,965.23 in the same period last year[14]. - Cash inflow from operating activities reached ¥139,722,845.68, an increase from ¥104,548,551.73 in the same period last year, representing a growth of 33.6%[67]. - The company’s cash and cash equivalents amounted to CNY 235,791,959.93, accounting for 29.56% of total assets, an increase of 6.92% compared to the previous year[24]. Research and Development - Research and development investment amounted to ¥7,955,900, with 6 utility model patents granted during the reporting period[20]. - Research and development expenses increased by 16.46% to $7.96 million, reflecting the company's commitment to innovation[27]. - The company is committed to strengthening its R&D capabilities to improve product competitiveness and increase product value for downstream customers[42]. Market and Industry - The company actively expands its export business, with products sold to countries including South Korea, Thailand, India, and Mexico[17]. - The rubber products industry achieved an industrial output value of CNY 1,146,256.26 million in Q1 2024, representing a year-on-year growth of 7.05%[21]. - The total profit for the rubber products industry reached CNY 96,534.08 million in Q1 2024, with a year-on-year increase of 5.15%[21]. Corporate Governance - The board of directors consists of 8 members, while the supervisory board has 3 members, and there are 6 senior management personnel[52]. - The total number of employees increased from 350 to 380 during the reporting period, with 30 new hires[54]. - The company has no major litigation or arbitration matters during the reporting period[44]. Shareholder Information - The total number of ordinary shares is 129,990,000, with 4,187 shareholders at the end of the reporting period[46]. - The company distributed a cash dividend of 32,497,500.00 RMB to shareholders, amounting to 2.5 RMB per 10 shares based on a total share capital of 129,990,000 shares[79]. Risk Management - The company faces significant risks from raw material price fluctuations, with raw materials accounting for nearly 70% of the main business costs in the first half of 2024[39]. - The company is enhancing its product structure and cost management to mitigate risks associated with raw material price changes and market fluctuations[40]. Accounting Policies - The company has not made any significant changes in accounting policies or prior period adjustments during the current reporting period[72]. - The financial statements prepared by the company comply with the requirements of the accounting standards, reflecting the financial position, operating results, changes in equity, and cash flows accurately[85].
科强股份(873665) - 2024 Q2 - 季度财报