MKMCHINA(300195)2024-08-28 10:32Financial Performance - The company's operating revenue for the reporting period was ¥754,896,972.91, a decrease of 2.20% compared to the same period last year[11]. - The net profit attributable to shareholders was -¥8,900,608.18, representing a decline of 260.12% year-on-year[11]. - The net cash flow from operating activities increased by 5.67% to ¥24,874,579.96 compared to the previous year[11]. - Total assets at the end of the reporting period were ¥6,272,916,670.82, reflecting a slight increase of 0.23% from the end of the previous year[11]. - The company reported a weighted average return on equity of -0.34%, down from 0.22% in the previous year[11]. - Revenue for the first half of 2024 reached approximately ¥754.90 million, a decrease of 2.20% compared to ¥771.88 million in the same period last year[35]. - The company achieved a net loss for the first half of 2024 of CNY 10,528,655.51, compared to a net profit of CNY 7,256,111.66 in the first half of 2023[133]. - The total comprehensive income for the first half of 2024 was -CNY 9,446,301.59, compared to CNY 11,195,127.65 in the first half of 2023, indicating a significant downturn[133]. Dividends and Shareholder Actions - The company reported a plan not to distribute cash dividends or issue bonus shares for the fiscal year 2024[1]. - The company will not distribute cash dividends or issue bonus shares for the first half of 2024, nor will it increase share capital from capital reserves[69]. - The company held three shareholder meetings during the reporting period, with participation rates of 31.58%, 31.80%, and 31.82% respectively[67]. Risks and Challenges - The company faces risks including industry risks and operational management risks, which are detailed in the report[1]. - The company faces raw material price risks due to rising costs, which directly impact procurement prices and profit margins[59]. - The company acknowledges the impact of geopolitical factors and global economic uncertainties on overseas market expansion and product sales, and is committed to maintaining market share while exploring new customer segments[64]. Research and Development - Research and development investment increased by 11.02% to ¥34.84 million, reflecting the company's commitment to innovation[35]. - The company launched 9 new products during the reporting period, with 24 ongoing R&D projects and 10 projects in reserve, maintaining a leading position in technology[29]. - The company is focused on enhancing its research and development capabilities in environmental materials and VOCs governance to align with national policies and industry needs[87]. Environmental Compliance - The company has complied with various environmental protection laws and standards, including the "Environmental Protection Law of the People's Republic of China" and "Air Pollution Prevention and Control Law" among others[79]. - The company completed the environmental protection acceptance for its printing equipment R&D and manufacturing project in April 2023, which was deemed qualified[80]. - The company has established a comprehensive environmental management system to ensure compliance with environmental standards and regulations[80]. Subsidiaries and Investments - The company established two new subsidiaries: 天津长荣麓远信息科技有限公司 and 江苏长荣绿能科技有限公司, with no significant impact on overall operations[53]. - The company has established subsidiaries in Germany and Slovakia, holding a 15.98% stake in a downstream customer[54]. - The company is focused on ensuring the financial stability of its subsidiaries through structured guarantees and financing arrangements[105]. Financial Management - The company is committed to maintaining a focus on cost control and risk management to ensure stable development amidst a complex global economic environment[20]. - The company reduced financial expenses by 17.90%, from ¥44.46 million to ¥36.50 million, contributing to improved profitability[35]. - The total approved guarantee amount for subsidiaries during the reporting period was RMB 107,900 million, with actual guarantees amounting to RMB 10,737.13 million[107]. Market Position and Strategy - The company aims to lead the domestic printing equipment manufacturing industry towards digitalization and smart solutions, enhancing its competitive edge[19]. - The company is actively pursuing partnerships with international giants to strengthen its technological barriers and enhance its market position[61]. - The company is expanding its overseas sales and international market share to improve revenue and profit stability[60]. Shareholder Structure - The largest shareholder, Li Li, holds 19.37% of the shares, totaling 81,993,000 shares[115]. - Tianjin Mingxuan Investment Co., Ltd. is the second largest shareholder with an 11.56% stake, amounting to 48,931,000 shares[115]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[121]. Financial Reporting and Compliance - The company’s half-year financial report has not been audited[124]. - The company has not reported any significant changes in the number of shares held by directors, supervisors, and senior management during the reporting period[120]. - The company’s financial statements are prepared in Renminbi, while its overseas subsidiaries use currencies such as USD, EUR, and JPY based on their economic environments[157].