瑞贝卡(600439) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was RMB 573,845,918.16, a decrease of 1.32% compared to RMB 581,503,370.20 in the same period last year[12]. - The net profit attributable to shareholders of the listed company was RMB 8,131,103.46, down 41.40% from RMB 13,874,500.63 in the previous year[12]. - The net profit after deducting non-recurring gains and losses was RMB 7,676,942.32, a decrease of 25.11% compared to RMB 10,250,840.87 in the same period last year[12]. - The net cash flow from operating activities was RMB 162,540,860.27, down 10.81% from RMB 182,242,328.99 in the previous year[12]. - Basic earnings per share for the first half of 2024 were RMB 0.0072, a decrease of 41.46% from RMB 0.0123 in the same period last year[13]. - The first quarter revenue decreased by 9.30% year-on-year, while the second quarter revenue increased by 7.34% year-on-year, resulting in a slight overall decline in revenue for the first half[13]. - The company reported a non-recurring profit of RMB 454,161.14, after accounting for tax and minority interests[15]. - The company reported a total comprehensive income of CNY 850,978.57 for the first half of 2024, a significant recovery from a loss of CNY 12,686,017.16 in the same period of 2023[74]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 5,221,171,589.37, a decrease of 1.29% from RMB 5,289,491,593.08 at the end of the previous year[12]. - The net assets attributable to shareholders of the listed company were RMB 2,730,555,613.30, down 0.80% from RMB 2,752,445,364.63 at the end of the previous year[12]. - Total liabilities decreased to RMB 2,486,328,787.42 from RMB 2,532,572,108.47, indicating a reduction of about 1.8%[65]. - The company's equity attributable to shareholders decreased to RMB 2,730,555,613.30 from RMB 2,752,445,364.63, indicating a decline of approximately 0.8%[65]. - The total liabilities amounted to CNY 2,477,980,953.36, a slight decrease from CNY 2,508,193,459.29, reflecting a reduction of 1.21%[68]. Market and Industry Position - The company operates in the hair products industry, which is a necessity for various demographics, including African populations and fashion-conscious consumers in Asia[16]. - North America and Africa account for approximately 75% of China's hair product exports, with North America representing about 40% and Africa about 35%[17]. - The company is recognized as a leading manufacturer and exporter in the hair products industry, holding the title of "National Manufacturing Single Champion Demonstration Enterprise"[17]. - The company faces increasing competition due to the rise of e-commerce and new entrants in the market, leading to fragmented orders and diverse channels[17]. - The company anticipates growth in the domestic market driven by the rise of "beauty economy" and e-commerce trends[17]. Research and Development - The company has a total of 509 authorized patents, including 23 invention patents, showcasing its strong research and development capabilities[23]. - Research and development expenses for the first half of 2024 were CNY 15,480,362.44, down from CNY 18,084,435.61, indicating a decrease of 14.25%[69]. Environmental Compliance - The subsidiary Fushun Ruihua Fiber Co., Ltd. is classified as a key pollutant discharge unit, with wastewater discharge limits for COD, ammonia nitrogen, total phosphorus, and total nitrogen set at 300 mg/L, 30 mg/L, 5 mg/L, and 50 mg/L respectively[45]. - The actual discharge concentrations for wastewater pollutants are 68 mg/L, 19 mg/L, 0.02 mg/L, and 33.0 mg/L, indicating compliance with discharge standards[45]. - The company has achieved ISO9001, ISO14001, and GB/T28001 certifications, demonstrating its commitment to quality and environmental management[46]. - The company has been recognized as a "city-level green enterprise," "provincial green enterprise," and "national green factory" in recent years[46]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 53,175[58]. - The largest shareholder, Henan Ruibeka Holdings Co., Ltd., holds 381,538,217 shares, accounting for 33.71% of the total shares[58]. - There are no current plans for profit distribution or capital increase through stock bonuses[41]. - The company has completed the purchase of 18,722,649 shares under the first employee stock ownership plan, accounting for 1.98% of the total share capital[43]. Financial Risks - The company faces risks from global economic downturns, which could challenge business expansion and profitability[35]. - Currency exchange rate fluctuations pose a risk to the company's export-oriented business, potentially leading to foreign exchange losses[36]. - The company operates 12 wholly-owned subsidiaries globally, which exposes it to various international management risks[37]. Cash Flow and Financing - The company's cash and cash equivalents at the end of the period totaled ¥847,618,545.71, a decrease of 7.6% from ¥917,645,641.01 at the beginning of the period[143]. - The net cash flow from financing activities was -¥309,656,736.88, compared to -¥83,283,659.85 in the previous year, indicating increased cash outflows related to financing[78]. - The company raised ¥791,536,500.00 through borrowings in the first half of 2024, down from ¥1,184,006,838.74 in the same period of 2023, reflecting a 33.1% decrease in financing activities[78]. Employee Compensation and Benefits - The total short-term employee compensation at the end of the period is CNY 35,452,276.95, down from CNY 51,174,142.14 at the beginning of the period, representing a decrease of approximately 30.7%[193]. - The total amount of employee benefits payable at the end of the period is CNY 19,723,710.97, an increase from CNY 18,154,307.23 at the beginning of the period, reflecting a growth of about 8.6%[199]. Taxation - The company enjoys a 10% corporate income tax rate due to high-tech enterprise certification, effective from 2023[140]. - The VAT rate for the company's subsidiaries in various countries ranges from 5% to 20%, with specific rates for each location[139].