NPEC(SH:600775)2024-08-27 07:55Financial Performance - The company's operating revenue for the first half of 2024 was ¥1,250,346,512.09, a decrease of 8.26% compared to ¥1,362,865,645.74 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was -¥68,198,110.51, compared to -¥27,340,386.93 in the previous year, indicating a worsening performance[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥76,549,286.77, compared to -¥38,368,903.27 in the same period last year[17]. - The net cash flow from operating activities was -¥133,262,704.33, slightly worse than -¥129,525,399.05 in the previous year[17]. - Basic earnings per share for the reporting period (January to June) was -0.0746 CNY, compared to -0.0299 CNY in the same period last year, indicating a decline[18]. - The company's weighted average return on equity decreased to -2.09%, down 1.32 percentage points from -0.77% in the previous year[18]. - The net cash flow from operating activities decreased, primarily due to a reduction in cash received from sales of goods and services compared to the previous year[19]. - In the first half of 2024, the company achieved operating revenue of RMB 1.2503465 billion, with a total profit of RMB -36.5743 million and a net profit attributable to the parent company of RMB -68.1981 million[31]. - The company reported a net loss of RMB 4,089 million for its electronic equipment subsidiary, with revenue of RMB 5,886 million, indicating a narrowing of losses compared to the same period last year[39]. - The communication technology subsidiary experienced a net loss of RMB 2,156 million, with revenue of RMB 4,515 million, attributed to increased R&D investment and product restructuring[39]. Assets and Liabilities - The net assets attributable to shareholders at the end of the reporting period were ¥3,235,012,557.40, a decrease of 2.07% from ¥3,303,235,992.24 at the end of the previous year[17]. - Total assets at the end of the reporting period were ¥5,316,028,626.35, down 4.06% from ¥5,540,955,892.33 at the end of the previous year[17]. - The total assets as of June 30, 2024, amounted to CNY 3,222,963,006.66, slightly up from CNY 3,219,919,464.27 at the end of 2023[117]. - Total liabilities decreased to CNY 191,920,426.43 from CNY 217,765,561.78, showing a reduction of about 11.9%[117]. - The company's total liabilities decreased to CNY 1,788,535,608.43 from CNY 1,963,919,385.99, representing a reduction of about 8.9%[114]. - As of June 30, 2024, the company's consolidated asset-liability ratio was 33.64%, with current liabilities amounting to RMB 1.735 billion and a current ratio of 2.15[46]. Research and Development - The company has 8 key R&D projects underway, including significant projects funded by the Ministry of Science and Technology and the Ministry of Industry and Information Technology[30]. - The company's R&D investment amounted to approximately RMB 105 million, with an R&D intensity of 8.62%[30]. - Research and development expenses increased by 13.15% to ¥109,855,250.05 from ¥97,087,795.96 year-on-year[32]. - The company is actively pursuing technology innovation and transformation of scientific achievements into marketable products to enhance its competitive edge[25]. - The company is committed to a dual-driven R&D model, focusing on both responding to and leading market demands while aligning with national strategic directions[26]. Corporate Governance - The company has adopted and complied with the Corporate Governance Code as per the Listing Rules during the reporting period[52]. - The Audit Committee reviewed the interim performance for the reporting period and confirmed that the financial reports comply with applicable accounting standards and legal requirements[54]. - The company held its 2023 Annual General Meeting on June 21, 2024, where 16 resolutions were passed without any objections[56]. - The company appointed Da Xin Accounting Firm as the auditor for the fiscal year 2024, which was approved by the Audit Committee[54]. - The company confirmed compliance with the standards for securities transactions by directors during the reporting period[53]. Environmental Management - The company has established an environmental management system to enhance its environmental protection capabilities and ensure compliance with relevant laws and regulations[72]. - The company has installed online monitoring equipment for its emission outlets, ensuring compliance with environmental standards[66]. - The company has implemented a comprehensive energy management system to promote energy conservation and reduce pollution[72]. - The company has a total wastewater discharge limit of 1.64 tons/year for COD, 0.083 tons/year for ammonia nitrogen, 0.69 tons/year for suspended solids, and 0.05 tons/year for oil[64]. - The company emphasizes energy conservation and waste management, implementing measures to reduce greenhouse gas emissions from operations, including the use of catalytic oxidation for paint waste and activated carbon adsorption for injection and extrusion waste, with a total of 8 sets of waste treatment facilities installed[75]. Legal Matters - The company reported a total revenue of 22,593,150 RMB from contracts with Jiangsu Jinmao Robot Technology Co., Ltd., which has been overdue since 2018[82]. - The company has initiated legal proceedings to recover the overdue amount, with the court accepting the case in February 2022[82]. - The company has a pending lawsuit regarding an unpaid project amounting to RMB 6.6112 million, with no court decision as of now[83]. - Another lawsuit involves a claim of RMB 8.6882 million in unpaid debts, with a court ruling in favor of the plaintiff, and the company has executed the payment as per the ruling[84]. - The company has not reported any significant litigation or arbitration matters during the reporting period[81]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 77,231[104]. - The largest shareholder, Hong Kong Central Clearing Limited, holds 26.53% of the shares, with a decrease of 890,489 shares during the reporting period[104]. - Panda Electronics Group Co., Ltd. holds 23.05% of the shares, with no change during the reporting period[104]. - The company has not signed any other significant contracts outside of daily operations and guarantees for subsidiaries[100]. - The company has provided guarantees to subsidiaries to support their business expansion and project undertakings[99]. Financial Reporting - The financial report is prepared in accordance with the accounting standards issued by the Ministry of Finance and complies with the disclosure requirements of the Hong Kong Stock Exchange[143]. - The company’s financial statements reflect a true and complete view of its financial position as of June 30, 2024, and its operating results and cash flows for the period from January 1 to June 30, 2024[146]. - The company has not made any significant changes in accounting policies or prior period error corrections during this reporting period[138]. - The company’s accounting period runs from January 1 to December 31 each year, with a normal operating cycle of 12 months[147][148]. - The company’s accounting currency is Renminbi (RMB)[149].