三角轮胎(601163) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 5,003,233,300.28, a decrease of 3.68% compared to CNY 5,194,637,256.68 in the same period last year[8]. - Net profit attributable to shareholders was CNY 612,009,879.84, reflecting a slight increase of 0.67% from CNY 607,936,281.59 year-on-year[8]. - The net cash flow from operating activities decreased significantly by 49.93%, amounting to CNY 477,630,220.38 compared to CNY 954,013,973.41 in the previous year[8]. - Basic earnings per share for the first half of 2024 were CNY 0.77, up 1.32% from CNY 0.76 in the same period last year[8]. - The company reported a net profit for the first half of 2024 of 612 million RMB, reflecting a slight increase of 0.7% year-on-year[25]. - The total comprehensive income for the first half of 2024 was CNY 618,309,211.24, compared to CNY 614,397,926.82 in the first half of 2023[69]. - The company’s total profit for the first half of 2024 was CNY 720,966,876.92, slightly up from CNY 715,903,435.91 in the same period of 2023[68]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 19,112,785,368.36, representing a 1.89% increase from CNY 18,758,172,844.14 at the end of the previous year[8]. - The net assets attributable to shareholders increased by 0.64% to CNY 12,953,499,207.00 from CNY 12,871,366,970.56 at the end of the previous year[8]. - Total liabilities reached CNY 6,158,064,322.63, up 4.63% from CNY 5,885,761,009.65[62]. - Current liabilities rose to CNY 5,754,446,327.33, an increase of 7.39% from CNY 5,356,875,776.00[61]. - The total amount of dividends payable was CNY 536,000,000.00, with no prior balance reported[196]. Cash Flow - The net cash flow from operating activities for the first half of 2024 was RMB 477,630,220.38, a decrease of 50.1% compared to RMB 954,013,973.41 in the same period of 2023[73]. - Total cash inflow from operating activities was RMB 4,208,431,167.90, down from RMB 4,290,049,760.74 in the previous year, reflecting a decline of 1.9%[73]. - Cash outflow from operating activities increased to RMB 3,730,800,947.52, compared to RMB 3,336,035,787.33 in the first half of 2023, marking an increase of 11.8%[73]. - The total cash and cash equivalents at the end of the period increased to RMB 2,507,322,815.92, up from RMB 2,234,825,802.17 at the end of the first half of 2023[74]. Research and Development - The company’s R&D expenses increased by 10.92% year-on-year, amounting to approximately 71.58 million RMB[26]. - Research and development expenses increased to CNY 73,747,075.15 in the first half of 2024, compared to CNY 65,978,983.51 in the same period of 2023, reflecting a growth of 10.71%[69]. - The company holds 994 patents, including 96 invention patents and 52 international patents, and has received 1 national-level and 16 provincial-level technology awards[23]. Market and Sales - The company's tire business revenue accounts for over 99% of total revenue, with more than 50% of products sold in international markets[12]. - In the first half of 2024, the production of rubber tires reached 525.92 million units, a year-on-year increase of 10.5%[16]. - The export volume of new inflatable rubber tires was 330.90 million units, up 10.48% year-on-year, with an export value of 76.57 billion RMB, a 6.45% increase[16]. - The company ranked 6th among tire enterprises in China based on revenue from Q4 2022 to Q3 2023, and 21st globally according to Tire Business[16]. Environmental Compliance - The company has maintained compliance with environmental regulations, with no environmental accidents or penalties reported during the reporting period[38]. - The company continues to focus on environmental performance improvement and social responsibility fulfillment[38]. - The company has implemented effective pollution control measures, ensuring that all pollutant emissions meet national and local standards[40]. - The company has established a comprehensive environmental monitoring plan, ensuring compliance with legal requirements and public disclosure of pollutant emissions[44]. Corporate Governance - There were no significant changes in the company's share capital or shareholder structure during the reporting period[8]. - The company has not experienced any changes in its board of directors or senior management during the reporting period[35]. - The company did not propose any profit distribution or capital reserve transfer plans for the first half of 2024[36]. Related Party Transactions - Triangle Tire has guaranteed that related transactions will be conducted at fair market prices and will comply with legal disclosure obligations[49]. - The total expected amount for related transactions with China National Heavy Duty Truck Group is 40,000 million RMB, with actual transactions amounting to 34,200.98 million RMB in the first half of 2024[52]. - The company expects to purchase materials and services from related parties amounting to 2,660 million RMB in 2024, with actual expenses of 989.42 million RMB incurred in the first half of 2024[52].