AVD(SZ:300939)2024-08-27 12:11Financial Performance - The company reported a plan not to distribute cash dividends or issue bonus shares for the current period[1]. - The company's operating revenue for the reporting period was ¥519,551,678.13, representing a year-on-year increase of 3.26%[9]. - The net profit attributable to shareholders was ¥54,400,116.66, a decrease of 21.56% compared to the same period last year[9]. - The net cash flow from operating activities decreased by 61.43% to ¥12,683,121.76, primarily due to a reduction in cash received from sales[9]. - The total assets at the end of the reporting period were ¥1,577,768,288.69, down 5.82% from the end of the previous year[9]. - The net assets attributable to shareholders decreased by 2.08% to ¥1,332,493,575.26 compared to the end of the previous year[9]. - The weighted average return on net assets was 3.98%, down from 5.24% in the previous year[9]. - The company's revenue for the reporting period reached ¥519,551,678.13, representing a year-on-year increase of 3.26% compared to ¥503,166,965.55 in the same period last year[29]. - Research and development expenses amounted to ¥36,402,120.08, a significant increase of 34.54% from ¥27,057,494.49, accounting for 7.01% of total revenue[29]. - The gross profit margin for monochrome LCD modules was 33.46%, while for color LCD modules it was 23.69%, indicating a slight decline in profitability[30]. - The company reported a significant increase in construction in progress to ¥32,807,966.93, which is 2.08% of total assets, reflecting a 1.50% increase due to new project investments[32]. - The company’s total fundraising amounted to ¥69,383.11 million, with ¥2,786.75 million invested during the reporting period, and a cumulative investment of ¥20,196.89 million[39]. - The company reported a total revenue of 1,105.06 million CNY for the period, with a significant increase of 5,500.00 million CNY expected in future transactions[88]. Corporate Governance and Management - The financial report is guaranteed to be true, accurate, and complete by the company's management, including the CEO and accounting head[1]. - The company has a new management team in place following the recent shareholder meetings, with key personnel changes including the election of a new chairman of the supervisory board[59]. - The company has committed to various promises regarding shareholding and stock transfer restrictions, ensuring compliance with relevant regulations[77]. - The company has established a lock-up period for shares held by directors and senior management, extending it under certain conditions[78]. - The company will ensure that any stock incentive plans are linked to the execution of measures to protect immediate returns[79]. - The company has established a three-year cycle for shareholder return planning, detailing specific arrangements for dividends and cash distribution[81]. - The company will actively communicate with shareholders, especially minority shareholders, to gather their opinions and concerns[81]. - The company has committed to a long-term effective governance structure to protect shareholder interests[79]. Market and Competitive Position - The company focuses on specific sectors such as industrial control, IoT, healthcare, and automotive electronics for its LCD display and touch products[16]. - Major clients include ABB, HP, Siemens, and Haier, indicating a diverse customer base across various industries[16]. - The company has developed a strong market competitiveness with its customized technology level reaching industry-leading standards[24]. - The company is actively expanding into overseas markets, exporting products to North America, Europe, and Asia[52]. - The company's export revenue accounted for 42.29% of total revenue during the reporting period, indicating a significant reliance on international markets[53]. - The company faces market competition risks due to rapid industry growth and increasing customer demands for technology and product performance[52]. Research and Development - The company focuses on customized liquid crystal display and touch control products, accumulating core technologies such as ARM control boards and industrial computers[24]. - New product offerings include monochrome and color LCD modules, as well as capacitive touch screens, catering to various applications[17]. - The company has achieved various quality management system certifications, including ISO9001:2015 and IATF16949:2016, ensuring efficient and orderly operation[22]. - The company has increased its R&D investment to enhance technological innovation and product development, aiming to meet rising customer demands[53]. - The company added 9 new authorized patents during the reporting period, bringing the total to 162, including 20 invention patents[28]. Environmental and Social Responsibility - The company was included in the Shenzhen 2024 Environmental Supervision Key Units List, indicating its status as a key pollutant discharge unit[62]. - During the reporting period, the company adhered to various environmental protection laws and regulations, with no administrative penalties for violations[62]. - The company emphasizes the use of renewable energy and has established a long-term green factory construction plan to reduce carbon emissions during production[70]. - The company actively promotes employee awareness of environmental protection and encourages resource recycling and waste reduction[70]. - The company engages in social responsibility through donations, volunteer services, and supporting poverty alleviation initiatives[76]. Financial Management and Reporting - The company has no significant asset or equity sales during the reporting period[49][50]. - The half-year financial report has not been audited, which may impact the perception of financial transparency[84]. - The company has no significant doubts regarding its ability to continue as a going concern for the next 12 months[146]. - The financial statements have been prepared in accordance with the enterprise accounting standards, ensuring accuracy and completeness[148]. - The company has established specific accounting policies for financial instruments, fixed asset depreciation, and revenue recognition[147]. Risk Management - The management has outlined potential risk factors and countermeasures in the report[1]. - The company emphasizes the importance of investor awareness regarding investment risks associated with forward-looking statements[1]. - The company is closely monitoring fluctuations in exchange rates and has implemented measures such as foreign exchange hedging to mitigate risks associated with currency volatility[53]. - The company plans to strengthen its management of raw material price fluctuations, which significantly impact production costs and profitability[53]. Shareholder Relations - The company will not distribute cash dividends or issue bonus shares for the half-year period, focusing on reinvestment[60]. - The company has pledged to maintain transparency regarding any unfulfilled commitments made during the IPO process, including potential compensation for investors[79]. - The company will disclose any reasons for not taking stock price stabilization measures publicly[78]. - The company has committed to compensating for any economic losses incurred due to employee social insurance and provident fund issues prior to the IPO[83].