兴森科技(002436) - 2024 Q2 - 季度财报

Financial Performance - The company reported a significant increase in revenue for the first half of 2024, with total revenue reaching CNY 1.2 billion, representing a year-on-year growth of 15%[8]. - The company's operating revenue for the reporting period was ¥2,881,093,078.63, representing a year-on-year increase of 12.29% compared to ¥2,565,826,147.83 in the same period last year[13]. - The total revenue for the first half of 2024 reached 28,267.25 million, reflecting a significant increase compared to previous periods[145]. - The net profit attributable to shareholders was ¥19,501,040.29, up 7.99% from ¥18,057,886.84 in the previous year[13]. - The net profit for the first half of 2024 was a loss of CNY 88,558,932.08, compared to a profit of CNY 1,682,279.76 in the first half of 2023[196]. - The company reported a significant increase in financial expenses, which rose to CNY 56,319,073.90 from CNY 43,505,780.82, an increase of 29.5%[196]. - The company experienced a comprehensive loss of CNY 129,110,321.90 in the first half of 2024, compared to a comprehensive income of CNY 149,675,446.28 in the same period of 2023[198]. Research and Development - The company has allocated CNY 100 million for R&D in new technologies, aiming to enhance product offerings and maintain competitive advantage[8]. - Research and development expenses for the reporting period amounted to ¥181,139,100, accounting for 6.29% of operating revenue[21]. - The company reported a significant decrease in R&D expenses, which were CNY 181,139,115.39, down from CNY 261,283,245.62, a decrease of 30.7%[196]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in sales from this region by the end of 2025[8]. - The company is exploring strategic acquisitions to enhance its technological capabilities and expand its product portfolio[8]. - Future guidance indicates a revenue target of CNY 2.5 billion for the full year 2024, reflecting a growth rate of 18%[8]. Risk Management - The management highlighted potential risks including supply chain disruptions and market competition, with strategies in place to mitigate these risks[2]. - The company is facing risks from raw material price fluctuations, which are influenced by international commodity prices[62]. - The company has established risk control measures for its derivative trading activities to mitigate market, liquidity, and operational risks[47]. Environmental Compliance - The company strictly adheres to national and local environmental protection laws and regulations, including the Environmental Protection Law and the Air Pollution Prevention and Control Law[75]. - The company has established a comprehensive environmental management system to comply with multiple environmental regulations and standards[75]. - The company has implemented various environmental protection standards, including the Water Pollutants Discharge Standards and the Air Quality Standards[76]. Employee and Shareholder Information - The company has 185 employees participating in the employee stock ownership plan, holding a total of 5,951,600 shares, representing 0.35% of the total share capital[70]. - The employee stock ownership plan (ESOP) unlocked 30% of the total shares held, amounting to 4.4637 million shares, on August 17, 2023, and the management committee sold all shares based on market conditions[71]. - The total number of common shareholders at the end of the reporting period is 86,996[174]. Financial Management and Liabilities - The company has ongoing financial guarantees and collateral arrangements, which may impact future financial stability and operational flexibility[145]. - The total approved guarantee amount at the end of the reporting period is CNY 186,140.96 million, while the actual guarantee balance is CNY 126,140.96 million[156]. - The company plans to enhance its financial management and increase cash inflows from operating activities to ensure future debt repayment[185]. Product and Revenue Segmentation - The company's PCB industry revenue was CNY 2.17 billion, accounting for 75.32% of total revenue, with a year-on-year growth of 7.48%[30]. - The semiconductor business, including IC packaging substrate and semiconductor test board, reported revenue of 60.05 million CNY, a year-on-year increase of 27.79%[25]. - The IC packaging substrate business achieved revenue of 53.11 million CNY, a significant year-on-year growth of 83.50%[25]. Corporate Governance - The company has not reported any changes in shareholder rights during the reporting period[72]. - The company has not faced any bankruptcy reorganization matters during the reporting period[126]. - The company reported no major litigation or arbitration matters during the reporting period[126].