Financial Performance - The company's operating revenue for the reporting period was CNY 392,508,170.95, an increase of 2.33% compared to the same period last year[14]. - The net profit attributable to shareholders was CNY 37,178,407.64, a decrease of 2.41% year-on-year[14]. - The net profit after deducting non-recurring gains and losses was CNY 37,331,976.28, down 22.84% from the previous year[14]. - The net cash flow from operating activities was CNY 50,802,297.34, a decline of 14.01% compared to the same period last year[14]. - The basic and diluted earnings per share were both CNY 0.2200, representing a decrease of 26.67% year-on-year[14]. - The weighted average return on equity was 2.38%, down 3.21% from the previous year[14]. - Total assets at the end of the reporting period were CNY 1,784,184,493.80, an increase of 0.51% from the end of the previous year[14]. - The net assets attributable to shareholders were CNY 1,555,094,929.72, a slight decrease of 0.22% compared to the end of the previous year[14]. Research and Development - The company's R&D investment increased by 8.81% to ¥14.72 million from ¥13.53 million in the previous year, reflecting a commitment to enhancing its technological capabilities[29]. - The company has a total of 204 domestic patents and 176 foreign patents, with a goal to increase patent output by 10% annually, ensuring a solid technological foundation for future development[23]. - The average mold development cycle has been reduced from 25 days to 18 days, significantly improving the company's ability to respond to customer demands[26]. Market and Competition - Independent directors expressed concerns regarding potential competition issues related to the indirect controlling shareholder, Taiwan Singatron, but concluded it does not materially affect the company[3]. - The company will continue to monitor and disclose developments related to competition issues with Taiwan Singatron[4]. - The company faces risks from declining demand in the notebook and consumer electronics sectors, which may lead to reduced orders and lower revenue and net profit[50]. - The company emphasizes the need for continuous technological innovation and process improvement to maintain competitiveness in the connector industry[49]. Corporate Governance and Compliance - The company has established a governance structure to ensure the protection of shareholder rights and interests[59]. - The company is committed to fulfilling its social responsibilities towards stakeholders, including shareholders, employees, customers, and suppliers[59]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[59]. - The company is currently fulfilling its commitments regarding share transfer restrictions made during its initial public offering[60]. Shareholder Information - The company plans to distribute a cash dividend of 1.4 RMB per 10 shares, based on a total of 170,200,000 shares[5]. - The total cash dividend amount represents 100% of the distributable profit of 396,328,051.72 RMB[56]. - The proposed cash dividend distribution is subject to the company's ability to maintain profitability and meet actual funding needs in the first half of 2024, with a maximum of 25,000,000 RMB (including tax) to be distributed from retained earnings[57]. - The company has a total share capital of 170,200,000 shares as of June 30, 2024, which will be used as the basis for the cash dividend distribution[57]. Financial Management - The company has engaged in entrusted financial management, with a total of RMB 44,700 million in financial products, including RMB 29,000 million from raised funds[44]. - The company reported a significant risk of performance decline due to potential adverse changes in exchange rates affecting its foreign sales revenue, primarily settled in USD[50]. - The company has committed to a 60-month lock-up period for certain shareholders, indicating long-term confidence in the business outlook[61]. Investment and Expansion - The company established a subsidiary in Thailand with an investment of 36 million Thai Baht, equivalent to ¥6,984,976.68, focusing on connector R&D, production, and sales[37]. - The investment project for expanding connector production has a total commitment of RMB 45,425.5 million, with 7.11% of the investment completed by the end of the reporting period[40]. - The company plans to enhance market share and performance by leveraging its accumulated advantages in channels, brand, scale, and customer relationships[50]. Risk Management - The company is actively monitoring and managing its commitments to avoid any conflicts of interest that may arise from its investments[72]. - The company has outlined specific measures to mitigate risks associated with related party transactions and potential conflicts of interest[71]. - The company will ensure compliance with relevant laws and regulations regarding the behavior of directors and senior management[68]. Financial Reporting - The financial report is confirmed to be true, accurate, and complete by the company's responsible persons[4]. - The half-year financial report has not been audited[74]. - The company has not reported any new product or technology developments in this period[126]. Cash Flow and Liquidity - The total cash inflow from operating activities for the first half of 2024 was CNY 410,890,847.45, slightly up from CNY 410,798,225.56 in the same period of 2023[116]. - Net cash flow from operating activities decreased to CNY 50,802,297.34 in the first half of 2024, compared to CNY 59,077,986.70 in the first half of 2023, reflecting a decline of approximately 4.3%[116]. - Cash inflow from investment activities significantly increased to CNY 378,520,078.16 in the first half of 2024, compared to CNY 20,349,287.68 in the same period of 2023[116]. Share Repurchase and Stabilization - The company plans to repurchase shares using its own funds, with the repurchase price not exceeding the latest audited net asset value per share[64]. - The total amount used for share repurchase in a single accounting year will not exceed 50% of the audited net profit attributable to the parent company's shareholders from the previous year[64]. - The company will disclose the reasons for not implementing stock stabilization measures if the conditions are met and will apologize to shareholders and public investors[64].
信音电子(301329) - 2024 Q2 - 季度财报