Hiroad(SZ:300915)2024-08-28 08:56Financial Performance - The company's operating revenue for the first half of 2024 was ¥518,450,038.36, representing a 9.45% increase compared to ¥473,676,832.14 in the same period last year[11]. - Net profit attributable to shareholders for the first half of 2024 was ¥69,317,168.70, a significant increase of 42.94% from ¥48,492,735.60 in the previous year[11]. - The net profit after deducting non-recurring gains and losses was ¥59,952,740.88, reflecting a 52.10% increase compared to ¥39,416,878.91 in the same period last year[11]. - Basic earnings per share for the first half of 2024 were ¥0.7702, up 42.95% from ¥0.5388 in the previous year[11]. - The total operating costs amounted to ¥322,923,611.18, which is a 4.10% increase from ¥310,210,203.52 in the previous year[51]. - The company's total profit for the first half of 2024 was CNY 79,573,675.71, compared to CNY 53,403,111.63 in the same period of 2023, reflecting a growth of about 48.93%[129]. - The total comprehensive income for the first half of 2024 was CNY 68,411,094.40, compared to CNY 51,390,096.30 in the same period of 2023, representing a year-over-year increase of approximately 33.2%[132]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,715,214,402.30, a decrease of 3.16% from ¥1,771,168,831.63 at the end of the previous year[11]. - The total current assets decreased from CNY 1,295,026,517.56 to CNY 1,171,166,281.88, representing a decline of approximately 9.6%[122]. - The total liabilities decreased to ¥200,696,805.93 from ¥264,053,869.65, representing a reduction of approximately 24%[126]. - The cash and cash equivalents decreased significantly from CNY 570,690,113.96 to CNY 232,583,028.45, a drop of about 59.3%[122]. - The company's total equity increased to ¥1,514,517,596.37 from ¥1,507,114,961.98, reflecting a slight growth of about 0.3%[126]. Cash Flow - The net cash flow from operating activities decreased significantly by 86.25% to ¥2,433,066.99 from ¥17,692,146.37 in the same period last year[11]. - Cash inflow from operating activities amounted to CNY 525,556,522.79, an increase from CNY 500,128,166.75 in the first half of 2023, reflecting a growth of about 5.1%[133]. - The net cash flow from investment activities was negative at CNY -289,271,501.68, contrasting with a positive CNY 42,731,807.42 in the same period last year[134]. - The net cash flow from financing activities was CNY -52,351,491.54, worsening from CNY -38,793,564.30 in the previous year[135]. Market and Product Development - The company focuses on the development and innovation of plant-based fats and dairy fats, becoming a professional supplier and service provider in the baking and catering industries[16]. - The company launched new products including "恋乳奶酪稀奶油" and "丝诺淡奶油," enhancing its product line in the cream category[29]. - The company launched the "Cream Family" series, including plant-based, whipped cream, and mixed fat products, aimed at enhancing value and meeting consumer demands[37]. - The company is committed to exploring new growth points in the baking and beverage sectors, driven by changing consumer preferences towards health and quality[15]. - The company has established a sales network covering most regions in China and extending to South Asia and Southeast Asia, including India, Vietnam, and Malaysia[16]. Research and Development - The company invested ¥18,096,210.00 in research and development, marking a 13.86% increase from ¥15,893,233.10 in the previous year[51]. - The company has launched new products such as non-hydrogenated chocolate and plant-based cream, enhancing its product innovation capabilities[49]. - The company has developed core formulas for products including plant-based cream, chocolate, and jam, and has implemented strict confidentiality measures to protect these technologies[78]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[2]. - The annual shareholders' meeting had a participation rate of 74.01%, indicating strong investor engagement[82]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of the initial public offering[91]. - The company guarantees that there are no fraudulent issuance circumstances in the public offering of shares and will initiate a buyback if any violations are confirmed by regulatory authorities[93]. Risk Management - The company emphasizes food safety, adhering to HACCP, ISO9001, and ISO22000 standards to mitigate food safety risks[76]. - The company closely monitors raw material price trends and employs long-term contracts to stabilize costs against price fluctuations[76]. - The company has established a comprehensive internal control management system for distributors to mitigate distributor management risks[76]. Environmental and Social Responsibility - The company emphasized environmental responsibility, promoting energy-efficient practices and adhering to national environmental regulations[87]. - The company actively engages in social responsibility initiatives, donating RMB 200,000 to support community welfare in Jinxing Village, Shanghai[90].