Financial Performance - The company's operating revenue for the reporting period was ¥396,901,341.97, an increase of 13.30% compared to the same period last year[13]. - The net profit attributable to shareholders was ¥20,971,282.19, a decrease of 18.13% year-on-year[13]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥16,686,911.76, down 32.58% from the previous year[13]. - The net cash flow from operating activities was ¥35,121,156.40, a decline of 45.42% compared to the same period last year[13]. - The basic earnings per share decreased by 40.00% to ¥0.15 from ¥0.25 in the same period last year[13]. - The total assets at the end of the reporting period were ¥1,509,823,093.85, a slight decrease of 0.37% from the end of the previous year[13]. - The net assets attributable to shareholders increased by 0.15% to ¥1,241,899,880.44 compared to the end of the previous year[13]. - The gross profit margin for power system components was 19.69%, with a year-on-year decrease of 4.29%[47]. - The total profit for the first half of 2024 was CNY 22.07 million, compared to CNY 28.44 million in the same period of 2023, reflecting a decline of 22.4%[117]. - The company reported a net profit margin improvement, with undistributed profits rising to ¥162,704,058.69 from ¥161,088,457.74[112]. Dividend Distribution - The company plans to distribute a cash dividend of 0.28 yuan per 10 shares to all shareholders, based on a total of 138,254,866 shares[3]. - The board of directors has approved the profit distribution plan during the board meeting[2]. - The company plans to distribute a cash dividend of RMB 0.28 per 10 shares, totaling RMB 3.87 million, with 100% of the profit distribution allocated to cash dividends[72]. Market and Product Development - The company focuses on the development of energy-saving and new energy products as a major direction for product development[18]. - The automotive electronics market in China is expected to reach $148.6 billion by 2026, driven by the steady growth of the automotive industry and increasing penetration of automotive electronics[32]. - The company emphasizes technological and product innovation, aiming to become a reliable one-stop partner for downstream customers[18]. - The company has established long-term stable partnerships with globally recognized clients, including industry leaders such as Bosch and Tyco Electronics[26]. - The company’s automotive electronic products are primarily platform project products, which are less affected by the production and sales of specific vehicle models[31]. Financial Management and Investments - The company has invested in advanced manufacturing equipment, significantly improving production efficiency and product quality, with a focus on precision and reliability[42]. - The total investment during the reporting period was CNY 468,382,847.68, a substantial increase of 531.22% compared to CNY 74,202,800.92 in the previous year[53]. - The company has allocated CNY 42.04 million of raised funds to bank wealth management products, with an outstanding balance of CNY 29.53 million[61]. - The company has not experienced any overdue amounts or impairment losses on wealth management products[62]. - The company has not made any significant asset or equity sales during the reporting period[63]. Risk Management - The company faces risks from raw material price fluctuations, particularly in copper and plastic, which could impact production costs[66]. - Foreign sales accounted for 23.52% of total revenue, exposing the company to foreign exchange risks due to reliance on foreign currency transactions[67]. - The company has implemented measures to optimize accounts receivable collection and expand financing channels to mitigate financial risks[65]. - The company has established a product price adjustment mechanism to manage the impact of raw material price volatility on profit levels[66]. Corporate Governance and Compliance - The financial report is guaranteed to be true, accurate, and complete by the company's management, including the CEO and accounting head[2]. - The company maintains a governance structure that ensures independence and checks and balances among its decision-making and supervisory bodies[77]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[83]. - There were no significant environmental penalties or violations reported during the reporting period, and the company adheres to national environmental protection laws[75]. Human Resources and Social Responsibility - The company has established a reasonable and scientific human resource management system to protect employee rights and ensure health and safety in the workplace[78]. - The company actively engages in social responsibility initiatives, aiming to create value for society and share economic benefits with local communities[82]. Accounting Policies and Financial Reporting - The financial statements are prepared in accordance with the "Enterprise Accounting Standards" and relevant regulations, ensuring compliance and accuracy[134]. - The company has not reported any changes in accounting policies or prior period error corrections during the first half of 2024[126]. - The company recognizes expected credit losses based on the probability-weighted present value of cash flows expected to be received, considering historical data and future economic conditions[148]. Shareholder Information - The total number of shares before the recent change was 138,254,866, with a total of 1,781,943 shares reduced, resulting in 136,472,923 shares after the change[98]. - The number of shareholders holding more than 5% of the shares is 14,770, indicating a diverse shareholder base[101]. - The company has a total of 96,259,831 shares held by TANCON PRECISION ENGINEERING, representing 69.62% of the total shares[101].
维科精密(301499) - 2024 Q2 - 季度财报