双环传动(002472) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was ¥4,322,250,826.39, representing a 17.26% increase compared to ¥3,686,141,737.00 in the same period last year[11]. - Net profit attributable to shareholders was ¥473,003,371.83, up 28.33% from ¥368,597,363.46 in the previous year[11]. - The net profit after deducting non-recurring gains and losses was ¥452,957,318.84, reflecting a 32.85% increase from ¥340,957,963.97 year-on-year[11]. - The basic earnings per share increased to ¥0.55, a 25.00% rise from ¥0.44 in the same period last year[11]. - The company's revenue for the reporting period reached ¥4,322,250,826.39, representing a year-on-year increase of 17.26% compared to ¥3,686,141,737.00 in the same period last year[34]. - The company reported a total profit of ¥357,715,487.90 for the first half of 2024, an increase of 28.6% from ¥278,108,095.89 in the same period of 2023[116]. - The company reported a net profit of 303,087,529.05 CNY for the current period[128]. Assets and Liabilities - The total assets at the end of the reporting period were ¥14,109,351,821.96, which is a 7.12% increase from ¥13,171,168,907.25 at the end of the previous year[11]. - The total liabilities amounted to ¥2,523,212,241.87, slightly up from ¥2,516,365,159.84 in the previous year[111]. - Current liabilities rose to CNY 4.56 billion, compared to CNY 3.78 billion, indicating an increase of approximately 20.5%[108]. - Short-term borrowings surged to CNY 1.52 billion, up from CNY 877.58 million, marking an increase of around 73.5%[108]. - The company's total equity reached CNY 8.62 billion, up from CNY 8.34 billion, showing an increase of approximately 3.4%[108]. Cash Flow - The net cash flow from operating activities was ¥810,776,300.53, showing a slight increase of 0.28% compared to ¥808,497,653.16 in the same period last year[11]. - The net cash flow from financing activities increased by 230.84% to ¥362,711,092.98, compared to a net outflow of ¥277,209,774.96 in the previous year, indicating improved financing conditions[35]. - The cash inflow from investment activities totaled 1,219,756,553.58 CNY, an increase from 968,917,066.07 CNY in the previous period, representing a growth of approximately 25.8%[120]. Research and Development - Research and development investment increased by 23.35% to ¥205,512,834.35, up from ¥166,603,222.14, reflecting the company's commitment to enhancing R&D capabilities[35]. - Research and development expenses rose to ¥205,512,834.35, an increase of 23.3% from ¥166,603,222.14 in the previous year[113]. Market Expansion and Product Development - The company is expanding its product line in smart automotive actuators, covering key markets such as smart office, smart automotive, and smart home[16]. - The company is actively expanding into new markets, including developed and emerging countries, particularly in the new energy vehicle sector[29]. - The company's new energy vehicle gear business saw a revenue increase of 40.31% year-on-year, further enhancing its market share[15]. Environmental Compliance - The company reported a total of 1.21 tons of COD emissions, which is within the approved annual limit of 6.147 tons[67]. - The company has implemented wastewater treatment facilities that meet the Grade 3 standards of the "Comprehensive Discharge Standard for Wastewater" GB8978-1996[68]. - The company has established waste gas treatment facilities, ensuring emissions meet the GB16297-1996 standard for new pollution sources[69]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[2]. - The company has a total of 3,001,721 shares held under the employee stock ownership plan, representing 0.36% of the total equity of the listed company[62]. - The company repurchased a total of 7,985,700 shares, accounting for 0.94% of the total share capital, with a total transaction amount of CNY 199.98 million, at a maximum price of CNY 26.88 per share[83]. Risk Management - The company faces risks from fluctuations in raw material prices, particularly steel, which could adversely affect gross margins and overall performance[52]. - The company has implemented measures such as technological innovation and supply chain management to mitigate the impact of raw material price volatility[52]. - The company is closely monitoring exchange rate fluctuations, as its export business is primarily settled in foreign currencies, which could lead to exchange losses[53]. Corporate Governance - The company has not encountered any issues or changes in the use of raised funds during the reporting period[48]. - The company has not engaged in any significant related party transactions during the reporting period[75]. - There were no major lawsuits or arbitration matters reported during the period[74].