*ST和科(002816) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was ¥18,417,664.13, a decrease of 55.15% compared to ¥41,068,539.92 in the same period last year[10]. - The net profit attributable to shareholders was -¥22,619,381.75, reflecting a slight increase in loss of 2.33% from -¥22,104,926.30 year-on-year[10]. - The net cash flow from operating activities improved by 35.39%, amounting to -¥41,319,747.34 compared to -¥63,955,646.34 in the previous year[10]. - Total assets decreased by 7.58% to ¥325,297,646.10 from ¥351,975,356.84 at the end of the previous year[10]. - The net assets attributable to shareholders decreased by 8.21%, totaling ¥252,889,037.93 compared to ¥275,508,419.68 at the end of the previous year[10]. - The basic and diluted earnings per share were both -¥0.2262, a decrease of 2.35% from -¥0.2210 in the same period last year[10]. - The weighted average return on net assets was -8.56%, down from -6.76% in the previous year, indicating a worsening financial performance[10]. - The main business revenue is ¥15,978,263.34, accounting for 86.76% of total revenue, down 56.56% from ¥36,781,222.73 last year[25]. - The gross profit margin for the main and other businesses is 2.25%, down 13.67% from the previous year[26]. - The net loss for the first half of 2024 was CNY 23,814,811.41, compared to a net loss of CNY 22,104,926.30 in the first half of 2023, reflecting an increase in losses of approximately 7.7%[90]. - The total profit (loss) for the first half of 2024 was CNY -24,624,597.54, compared to CNY -23,426,040.74 in the same period of 2023, indicating a worsening of approximately 5.1%[90]. Revenue and Business Operations - The company achieved a revenue of 14.08 million CNY from its new wiring harness business in the reporting period, indicating significant progress in this area[19]. - The company is transitioning towards high-end precision cleaning equipment, resulting in a decrease in revenue from lower-end cleaning equipment due to intensified price competition and reduced customer investment willingness[16]. - The company has established a subsidiary focused on water treatment equipment, which includes ultra-pure water reverse osmosis and wastewater reuse systems, catering to various industries[17]. - The ultra-pure water equipment produced by the company can achieve a resistivity of up to 18.25 MΩ·cm, meeting the stringent water quality requirements of sectors such as electronics and pharmaceuticals[17]. - The company has a stable and high-quality customer base, which allows it to provide comprehensive precision cleaning solutions tailored to different industries[21]. - The company is actively expanding its sales channels and enhancing customer relationship management to improve market share and customer loyalty in the wiring harness sector[19]. - The revenue from the South China region increased by 350.02% to ¥14,717,016.03, while the East China region saw a decrease of 93.80% to ¥1,750,379.84[25]. Investment and Financial Activities - The company reported a total non-operating income of 6.20 million CNY, primarily from debt restructuring gains related to accounts receivable[14]. - Investment activities resulted in a cash outflow of ¥26,356,173.00, a significant increase of 827.55% compared to the previous year[24]. - The company recorded a credit impairment loss of ¥6,343,251.23, accounting for 25.76% of total profit[27]. - The company reported a significant drop in investment amounting to 2,484,500.00 yuan, a decrease of 93.29% compared to 37,005,000.00 yuan in the same period last year[32]. - Cash inflow from investment activities was 11,090,750.00 CNY, significantly lower than 27,822,037.65 CNY in the same period last year, marking a decline of approximately 60.1%[95]. - Cash outflow from investment activities increased to 37,446,923.00 CNY from 30,663,534.43 CNY, representing an increase of about 22.5%[95]. - The net cash flow from investment activities was -26,356,173.00 CNY, worsening from -2,841,496.78 CNY in the first half of 2023[95]. Risk Management and Challenges - The company has highlighted potential risks and countermeasures in its report, emphasizing the importance of investor awareness regarding investment risks[1]. - The company faces risks from a slowdown in downstream customer fixed asset investments, which could lead to a decrease in orders and potential performance decline[39]. - The company is at risk of losing core management and technical talent due to increasing competition for mid-to-high-end talent in the manufacturing sector[40]. - The precision cleaning equipment market is becoming increasingly competitive, with many companies focusing on low-end products, which could impact the company's market position[41]. - There is a risk of bad debts from accounts receivable if downstream customers experience performance declines or increased competition leads to financial strain[42]. - The company faces challenges in maintaining product quality due to the highly customized nature of its products, which increases the difficulty of quality control[43]. - Delays in customer acceptance of products can adversely affect the company's ability to recognize sales revenue, impacting overall performance[44]. - The company has a long collection cycle for warranty payments, which could affect operational performance if customers experience significant changes in their business conditions[45]. Corporate Governance and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[1]. - The participation ratio of investors in the first extraordinary general meeting of 2024 was 35.19%[47]. - The participation ratio of investors in the second extraordinary general meeting of 2024 was 26.76%[47]. - The participation ratio of investors in the annual general meeting of 2023 was 30.58%[47]. - The company has not implemented any stock incentive plans or employee stock ownership plans during the reporting period[49]. - The company has not made any new capital contributions or reductions during the current period[99]. - The company did not engage in any significant related party transactions during the reporting period[59]. - The company has no ongoing related party debt transactions[62]. Accounting Policies and Financial Reporting - The company's financial statements are prepared based on the accrual basis of accounting, in accordance with the relevant accounting standards[109]. - The company recognizes revenue when the customer obtains control of the relevant goods, which includes conditions such as contract approval and the likelihood of collecting the consideration[200]. - The company recognizes expected liabilities when there is a present obligation likely to result in an outflow of economic benefits, and the amount can be reliably measured[197]. - The company recognizes expected credit losses for long-term receivables as per the relevant accounting standards[166]. - The company will not reverse recognized impairment losses in subsequent accounting periods once confirmed[190]. - The company recognizes gains or losses on financial instruments classified as equity when they are issued, repurchased, sold, or canceled[141]. - The company assesses control based on its ability to influence returns from investments, and it will reevaluate control definitions as circumstances change[119]. - The company includes all controlled subsidiaries in its consolidated financial statements, ensuring uniform accounting policies and periods across entities[121][124].