Financial Performance - The company's operating revenue for the first half of 2024 was ¥191,257,506.23, a decrease of 22.28% compared to ¥246,095,649.95 in the same period last year[10]. - The net profit attributable to shareholders for the first half of 2024 was ¥26,553,365.28, down 46.45% from ¥49,587,168.91 in the previous year[10]. - The net profit after deducting non-recurring gains and losses was ¥20,047,332.87, a decline of 57.31% compared to ¥46,961,212.69 in the same period last year[10]. - Basic earnings per share for the first half of 2024 were ¥0.3621, down 59.84% from ¥0.9016 in the same period last year[10]. - The company's revenue for the reporting period was 191.26 million yuan, a year-on-year decrease of 22.28%[17]. - Net profit for the reporting period was 26.55 million yuan, down 46.45% year-on-year[17]. - The gross profit margin for motion controller products was 23.86%, a decrease of 9.09 percentage points year-on-year[17]. - The company's revenue from motion control products was 17,324.63 million, a decrease of 22.87% compared to the same period last year[30]. - The gross margin for motion controllers was 23.86%, down 9.09% year-over-year[30]. - The net profit margin for the first half of 2024 was approximately 17.8%, down from 25.7% in the first half of 2023[114]. Cash Flow and Investments - The net cash flow from operating activities increased by 31.85% to ¥76,625,802.26 from ¥58,116,630.62 in the previous year[10]. - The company reported a significant decrease in cash and cash equivalents, with a net decrease of ¥224,982,069.63, primarily due to an increase in short-term financial products held[29]. - The company's cash and cash equivalents decreased to RMB 401,406,872.87 from RMB 631,262,206.84, a reduction of 36.4%[110]. - The total cash inflow from investment activities was CNY 470,246,982.14, significantly higher than CNY 27,000,000.00 in the previous year, indicating a substantial increase in investment activity[122]. - The net cash flow from investment activities was -CNY 245,240,257.08, compared to -CNY 13,862,918.37 in the first half of 2023, reflecting a decline in cash generated from investments[122]. - The company recorded a net cash decrease of CNY 223,988,552.60 in cash and cash equivalents during the first half of 2024, contrasting with a slight increase of CNY 1,111,478.13 in the same period of 2023[122]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,713,124,246.56, reflecting a 0.91% increase from ¥1,697,639,962.16 at the end of the previous year[10]. - The total liabilities included a credit impairment loss of -1,452,640.81, representing a -4.26% impact[32]. - The company's total liabilities at the end of the reporting period were RMB 103,328,022.30, compared to RMB 95,872,728.18 at the beginning, indicating an increase of about 7.6%[109]. - The company's total assets amounted to CNY 1,382,090,499.97, down from CNY 1,401,678,308.29, a decrease of 1.4%[112]. Research and Development - The company's R&D investment increased by 21.52% to ¥10,981,312.75, up from ¥9,036,972.74 in the previous year, attributed to an increase in R&D personnel[29]. - The company focuses on the research, production, and sales of motion control products and power chips, with over 90% of revenue coming from motion control products[17]. - The company plans to enhance its competitive edge by achieving self-production of power chip packaging in the future[21]. Shareholder Information and Dividends - The company plans to distribute a cash dividend of ¥1 per 10 shares to all shareholders, based on a total of 73,307,034 shares[1]. - The total cash dividend, including other methods, amounts to 8,328,184.40 yuan, representing 100% of the total profit distribution[64]. - As of June 30, 2024, the distributable profit available to shareholders is 340,825,584.62 yuan[65]. - The company has a total of 73,307,034 shares eligible for profit distribution, with a total share capital of 73,333,334 shares[65]. Market and Competitive Position - The company has established stable business relationships with several leading domestic end-user manufacturers, enhancing its market position[24]. - The company has established a strong relationship with major clients in the electric vehicle sector, but high customer concentration poses a risk if demand changes significantly[54]. - The company anticipates that the release of new national standards will stimulate demand for its controller products in the long term[17]. Corporate Governance and Compliance - The company reported no changes in its registered address or contact information during the reporting period[7]. - The company has not reported any significant changes in the measurement attributes of its main assets during the reporting period[35]. - The company has not engaged in any major related party transactions during the reporting period[78]. - The half-year financial report has not been audited[75]. Environmental and Social Responsibility - The company has maintained stable operation of its environmental protection facilities, with no incidents of environmental pollution reported during the reporting period[73]. - The company emphasizes the importance of green technology and sustainable development, contributing to the goals of "carbon neutrality" and "carbon peak" through its power chip products[73]. - The company made a charitable donation of 0.35 million yuan to support rural public performance activities during the reporting period[74]. - The company achieved zero safety and environmental accidents, maintaining a continuous safe production record of 4,723 days as of the disclosure date[74].
协昌科技(301418) - 2024 Q2 - 季度财报