延江股份(300658) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 665,464,799.72, representing an increase of 11.09% compared to CNY 599,052,926.71 in the same period last year[12]. - Net profit attributable to shareholders of the listed company reached CNY 27,826,708.41, up 21.95% from CNY 22,817,485.74 year-on-year[12]. - The net profit after deducting non-recurring gains and losses was CNY 21,159,489.17, reflecting a growth of 24.15% compared to CNY 17,042,992.02 in the previous year[12]. - Basic earnings per share increased by 14.29% to CNY 0.08 from CNY 0.07 year-on-year[12]. - The company achieved operating revenue of 665,464,799.72 yuan, representing a year-on-year growth of 11.09%[19]. - Net profit attributable to shareholders reached 27,826,708.41 yuan, an increase of 21.95% compared to the previous year[19]. - The company reported a net profit for the first half of 2024 of ¥30,096,193.00, compared to ¥23,818,708.60 in the same period of 2023, representing a growth of 26.3%[112]. - The total comprehensive income attributable to the parent company's shareholders for the first half of 2024 was ¥30,926,229.52, significantly higher than ¥5,561,880.60 in the first half of 2023[112]. Cash Flow and Investments - The net cash flow from operating activities decreased by 35.78% to CNY 72,969,127.70 from CNY 113,631,353.62 in the same period last year[12]. - The net cash flow from operating activities decreased to $20.64 million in the first half of 2024, down from $121.91 million in the first half of 2023, a decline of about 83.1%[118]. - Cash outflow from investment activities was $256.18 million in the first half of 2024, compared to $619.52 million in the same period of 2023, indicating a reduction of approximately 58.7%[119]. - The total amount of raised funds is CNY 391.66 million, with CNY 24.97 million invested by the end of June 2024, accounting for 63.77% of the total raised funds[39]. - The company has invested CNY 6.44 million in the reporting period and CNY 64.41 million in the first half of 2024[39]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,722,125,152.65, a slight increase of 0.75% from CNY 2,701,893,356.75 at the end of the previous year[12]. - The total liabilities increased to CNY 1,320,264,644.89 from CNY 1,294,472,960.42, reflecting a growth of approximately 1.99%[106]. - Cash and cash equivalents at the end of the period stood at CNY 218,217,998.49, down from CNY 179,721,502.89 in the same period last year[117]. - Accounts receivable increased to CNY 256,410,316.66, representing 9.42% of total assets, up by 1.60% compared to the previous year[31]. - Inventory reached CNY 250,305,312.35, which is 9.20% of total assets, showing an increase of 2.52% year-over-year[31]. Market and Product Development - The disposable hygiene products market in China saw a recovery, with the absorbent hygiene products market size reaching approximately 116.04 billion yuan, growing by 4.1% year-on-year[19]. - The company launched new products, including 3D+ and 3D Plus perforated non-woven fabrics, enhancing functionality to meet high-quality demands from first-line brands[20]. - The company is focusing on upgrading its product offerings from spunbond non-woven fabrics to softer thermal non-woven fabrics, capitalizing on industry trends[20]. - New product commercialization efforts will focus on promoting wiping non-woven fabrics and composite products, creating new sales growth points[61]. Risk Management - The company emphasizes the importance of risk awareness regarding macroeconomic fluctuations, exchange rate volatility, and raw material price fluctuations[3]. - The company faces risks from macroeconomic fluctuations, exchange rate volatility, raw material price changes, and challenges in managing foreign investments[59]. - The company has established robust internal controls and risk prevention mechanisms for its overseas operations[32]. Shareholder and Governance - The annual shareholders' meeting had a participation rate of 52.24% on May 20, 2024[64]. - The company distributed a cash dividend of 0.4 yuan per 10 shares, totaling 13,120,252.20 yuan, based on a share capital base of 328,006,305 shares[66]. - The company has no stock incentive plans or employee stock ownership plans during the reporting period[67]. - There were no changes occurred in the company's board of directors, supervisors, or senior management during the reporting period[65]. Compliance and Legal Matters - The company adheres to legal regulations to protect shareholder and creditor rights, ensuring timely and accurate information disclosure[69]. - The company reported a significant litigation case with an involved amount of 60.46 million yuan, which is still ongoing[75]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[73]. Research and Development - Research and development expenses for the first half of 2024 were ¥18,746,542.28, a decrease from ¥20,202,202.72 in the first half of 2023, indicating a reduction of 7.2%[111]. - The company has significant overseas assets, with total investments in Egypt amounting to ¥64,324,145.46, representing 4.70% of the company's net assets[32]. Financial Management - The company has engaged in cash management through various financial instruments, ensuring liquidity and safety of funds[48]. - The average return rate for the bank financial products is 3.10%[46]. - The company has a significant portion of its financial management in high-risk products, but all are currently performing without issues[45].