野马电池(605378) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of the year reached ¥525,581,641.56, representing a 25.58% increase compared to the same period last year[14]. - Net profit attributable to shareholders was ¥68,249,972.17, marking an 83.00% increase year-over-year[14]. - The net profit after deducting non-recurring gains and losses was ¥61,994,701.04, which is a 104.69% increase compared to the previous year[14]. - Basic earnings per share increased to ¥0.48, up 71.43% from ¥0.28 in the same period last year[15]. - The weighted average return on net assets rose to 5.46%, an increase of 2.34 percentage points year-over-year[15]. - The company achieved operating revenue of ¥525,581,641.56, an increase of 25.58% compared to the same period last year[27]. - The net profit attributable to shareholders reached ¥68,249,972.17, up 83.00% year-on-year, while the net profit excluding non-recurring items was ¥61,994,701.04, an increase of 104.69%[27]. - The company reported a net profit margin improvement, with net profit for the first half of 2024 reflecting a positive trend in profitability metrics[81]. Cash Flow and Assets - The net cash flow from operating activities was ¥29,579,201.32, reflecting a 27.53% increase compared to the same period last year[14]. - Total assets at the end of the reporting period were ¥1,569,278,360.50, a slight increase of 0.13% from the previous year[14]. - The company's total current assets as of June 30, 2024, amounted to CNY 1,099,575,541.67, a decrease from CNY 1,127,463,201.21 as of December 31, 2023, representing a decline of approximately 2.9%[75]. - The company's cash and cash equivalents decreased to CNY 196,104,053.40 from CNY 211,870,201.94, reflecting a reduction of about 7.5%[75]. - Accounts receivable increased to CNY 238,274,263.37 from CNY 193,144,741.20, marking an increase of approximately 23.4%[75]. - The total amount of other receivables at the end of the period was CNY 11,326,800.49, slightly increasing from CNY 11,208,344.63 at the beginning of the period[179]. Investments and R&D - The company has a total of 99 patented technologies, including 27 invention patents, 66 utility model patents, and 6 design patents[26]. - The company has invested ¥44,313.41 million in the expansion and technological transformation project for alkaline zinc-manganese batteries, with an investment progress of 82.05%[34]. - Research and development expenses rose by 11.51% to ¥17,268,866.27, up from ¥15,485,984.58 in the previous year[29]. - The company has established a comprehensive R&D system, focusing on market demand and collaboration across departments, ensuring efficient product development and risk management[23]. Market and Competition - The company operates in the high-performance, environmentally friendly zinc-manganese battery sector, with products including LR03, LR6, LR14, LR20, and 6LR61 alkaline batteries, widely used in various applications[22]. - The international zinc-manganese battery market is characterized by a mature competitive landscape, with Chinese companies producing over half of the global supply for international brands[21]. - The domestic market is primarily dominated by leading companies such as Nanfu Battery, while smaller firms compete mainly in the carbon battery segment with lower profit margins[22]. - The company maintains a competitive edge in product pricing due to its focus on core business, market expertise, and strong customer relationships, which helps sustain reasonable profit margins[24]. Risk Management - There are no significant risks that materially affect the company's production and operations during the reporting period[4]. - The company has not engaged in non-operational fund occupation by controlling shareholders or related parties[4]. - The company has established internal control measures to manage risks associated with foreign exchange derivatives, including market, liquidity, credit, operational, and legal risks[39]. - The company is exposed to risks from raw material price fluctuations, which can impact its main business costs[42]. - The company faces foreign exchange risks due to its large export scale, which could lead to significant exchange losses[42]. Corporate Governance - The board of directors and supervisory board members confirmed the authenticity, accuracy, and completeness of the semi-annual report[2]. - The company has established a corporate governance structure including a shareholders' meeting, board of directors, and supervisory board[105]. - The company has committed to fair and transparent related party transactions, adhering to legal and regulatory requirements[53]. - There are no significant lawsuits or arbitration matters reported during the reporting period, indicating a stable legal standing[56]. Shareholder Information - The company reported no profit distribution or capital reserve transfer to share capital for the first half of 2024[3]. - Shareholders holding more than 5% of shares have pledged to comply with regulations regarding share reduction, ensuring transparency and adherence to market rules[53]. - The total number of shares increased from 13,334 million to 18,667.60 million after a capital reserve conversion, with a 40% increase in shares distributed to shareholders[68]. - The company has committed to not transferring or entrusting the management of its shares for 36 months post-IPO, ensuring stability in shareholding[52]. Environmental and Social Responsibility - The company has not faced any environmental penalties and complies with environmental regulations, ensuring all emissions meet standards[47]. - The company made charitable donations totaling ¥60,002.16 during the reporting period[49]. Financial Reporting and Compliance - The semi-annual report has not been audited[2]. - The company has not undergone any changes in its registered address during the reporting period[11]. - The financial statements are prepared based on the going concern principle and comply with the accounting standards issued by the Ministry of Finance[106][107].