秉扬科技(836675) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the current period is ¥294,553,023.34, representing a 25.20% increase compared to ¥235,261,995.29 in the same period last year[15]. - The net profit attributable to shareholders of the listed company is ¥36,266,836.37, showing a decrease of 3.90% from ¥37,738,644.92 in the previous year[15]. - The total assets at the end of the current period amount to ¥906,368,994.13, a decrease of 2.53% from ¥929,870,760.86 at the end of the previous year[16]. - The total liabilities decreased by 7.75% to ¥320,375,504.34 from ¥347,274,517.81 in the previous year[16]. - The company’s gross profit margin is 20.10%, down from 24.71% in the same period last year[15]. - The weighted average return on equity based on net profit attributable to shareholders is 6.16%, down from 6.86% in the previous year[15]. - The company reported a net cash flow from operating activities of ¥2,534,744.47 in the previous year[17]. - The company’s total non-recurring gains and losses amounted to ¥55,089.57 after tax[20]. - The company achieved operating revenue of 294.55 million yuan, an increase of 59.29 million yuan, representing a growth of 25.20% compared to the same period last year[23]. - The sales volume of fracturing proppants reached 344,400 tons, an increase of 103,500 tons, with a growth rate of 42.99% year-on-year[24]. Shareholder Information - The company approved a cash dividend of 2.00 RMB per 10 shares based on a total share capital of 172,174,000 shares during the 2023 annual shareholders' meeting[3]. - The company plans to distribute cash dividends of 2.00 CNY per 10 shares to all shareholders on May 27, 2024[55]. - The total number of ordinary shares at the end of the reporting period is 172,174,000, with a decrease of 24,000 shares due to the repurchase[63]. - The proportion of unrestricted shares remains at 45.47%, totaling 78,294,470 shares[63]. - The largest shareholder, Fan Rong, holds 80,442,720 shares, representing 46.72% of the total shares[65]. - The second largest shareholder, Sang Hongmei, holds 41,990,880 shares, accounting for 24.39% of the total shares[65]. - The total number of shares held by the top ten shareholders is 129,610,697, which is 75.28% of the total shares[65]. Business Operations and Strategy - The company is focused on optimizing its industrial chain and business layout to improve overall operational capabilities[4]. - The company’s business model focuses on the research, production, and sales of fracturing proppants, primarily used in shale oil and gas extraction[21]. - The company maintains a production model of "sales-driven production" to meet customer demands efficiently[22]. - The company is expanding its quartz sand business through investments in Sichuan Guangmao, Xinjiang Chenyu, and acquisitions of Shaanxi Haona, aiming to enhance production capabilities and respond to market demand changes[46]. - The company is focusing on developing new technologies and products to improve product performance and increase added value, particularly in response to potential price declines in the fracturing proppant market[48]. - The company is committed to diversifying its customer base to reduce reliance on major clients, particularly in the highly concentrated oil and gas extraction industry[47]. - The company is enhancing its brand image and product quality to maintain a competitive edge in the fracturing proppant market amid increasing competition[47]. Investments and Acquisitions - In April 2024, the company acquired a 21.80% stake in Linxi Huaten Trading Co., Ltd. and 100% of Shaanxi Haona Industrial Co., Ltd. to expand its fracturing proppant business[4]. - The establishment of a wholly-owned subsidiary, Xinjiang Chenyu New Materials Co., Ltd., with an investment of 10 million RMB, aims to enhance production capabilities in the Tacheng region[4]. - Long-term equity investments grew by 47.27% year-on-year, totaling ¥7,421,950.15, due to the acquisition of a 21.80% stake in Linxi Huateng for ¥2,180,000[28]. Risk Management - The company has not faced any delisting risks as confirmed in the risk assessment section of the report[8]. - The company is facing risks related to market demand fluctuations for fracturing proppants, which could adversely affect operational performance if not addressed effectively[46]. - The company has not reported any significant changes in major risks during the current period[48]. Compliance and Governance - The company reported no dissent from directors regarding the accuracy and completeness of the semi-annual report[7]. - The company has not undergone any significant changes in its share capital or financing during the reporting period[5]. - The company has not issued any new ordinary shares during the reporting period[66]. - The company has no significant litigation or arbitration matters during the reporting period[50]. - The company has no instances of shareholders or related parties occupying or transferring company funds or assets[50]. Research and Development - The company’s research and development expenses increased by 2.88% year-on-year to ¥6,895,827.45[29]. - The company is investing in research and development to maintain its competitive advantage in core technologies and prevent potential leaks of proprietary information[48]. Environmental and Social Responsibility - The company emphasizes strict compliance with environmental standards in all production processes and is actively engaged in recycling industrial waste to promote sustainable operations[45]. - The company has implemented comprehensive employee training programs to enhance skills and ensure timely payment of wages and social security contributions[44]. Financial Position - The company’s financial condition remains stable, with a net cash flow from operating activities of 2.53 million yuan, a decrease of 96.56% year-on-year[24]. - The company’s cash and cash equivalents decreased by 46.06% year-on-year to ¥64,933,716.33, mainly due to reduced cash receipts from customers[28]. - The company reported a total of 1,341,600.00 CNY in litigation claims, representing 0.23% of the net assets at the end of the reporting period[50]. - The company has a total of 1,030,400 restricted stocks granted but not yet released from restrictions by the end of the reporting period[55]. Accounting and Financial Reporting - The company has not made any changes to accounting policies or corrected prior period errors, ensuring consistency in financial reporting[94]. - The company’s financial statements are prepared in accordance with the relevant accounting standards and accurately reflect its financial position and operating results[104]. - The company recognizes revenue when control of the goods is transferred to the customer, specifically upon delivery and customer acceptance[146].