乐惠国际(603076) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 670,598,646.85, a decrease of 20.30% compared to CNY 841,441,712.12 in the same period last year[12]. - The net profit attributable to shareholders of the listed company was CNY 22,219,069.20, down 34.90% from CNY 34,131,589.78 year-on-year[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 13,831,206.16, a decline of 66.85% compared to CNY 41,724,878.54 in the previous year[12]. - The company’s basic earnings per share decreased by 35.71% to 0.18 yuan compared to the same period last year[13]. - The company reported a net loss of RMB 20,005,924.59 for the first half of 2024, compared to a loss of RMB 9,656,107.52 in the first half of 2023, representing an increase in losses of approximately 107%[91][94]. - The total comprehensive income for the first half of 2024 was approximately ¥38,111,126.19, compared to ¥71,326,036.26 in the same period of 2023, indicating a decrease of about 46.4%[91][93]. Cash Flow and Assets - The net cash flow from operating activities increased by 74.76% to CNY 167,272,279.42, compared to CNY 95,717,011.73 in the same period last year[12]. - The company’s cash and cash equivalents decreased by 8.32% to RMB 483.7 million, while accounts receivable decreased by 13.10% to RMB 471.8 million[29]. - The company’s inventory increased by 4.44% to RMB 1.279 billion, indicating a strategic buildup of stock[29]. - The ending cash and cash equivalents balance was CNY 482,434,324.42, down from CNY 561,708,638.11 at the end of the first half of 2023[80]. - Total assets at the end of the reporting period were CNY 3,562,642,170.63, down 0.13% from CNY 3,567,255,357.05 at the end of the previous year[12]. Investments and R&D - The company invested 24.60 million yuan in research and development during the first half of 2024, maintaining the same intensity as the previous year[23]. - The company has invested significantly in R&D for new technologies and products, including large wort filter machines and high-speed packaging lines for beer, which are now in the commercialization phase[24]. - The company reported R&D expenses of approximately ¥24.60 million for the first half of 2024, slightly down from ¥24.63 million in the same period of 2023[73]. Segment Performance - The equipment segment achieved a net profit of 55.59 million yuan, a slight decrease of 2.32%, but the net profit margin improved by 2.16% to 9.29%[22]. - The fresh beer segment, "Fresh Beer 30 Kilometers," generated revenue of 76.17 million yuan, an increase of 77.57% year-on-year, but incurred a net loss of 32.40 million yuan[23]. - The fresh beer segment, "Fresh Beer 30 Kilometers," has completed the construction of its Wuhan factory, establishing a cross-regional supply chain with production capacity in multiple cities[24]. Risk Management - The company has detailed the relevant risks in the report, particularly in the section "Management Discussion and Analysis"[2]. - The company faces investment risks in the craft beer industry due to market uncertainties, despite the potential for rapid growth[36]. - The company is exposed to management risks from its global business expansion, particularly due to differences in legal and operational practices across regions[36]. - The company has taken steps to manage foreign exchange risks, but significant fluctuations in exchange rates could still impact profitability[39]. Shareholder and Capital Structure - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[2]. - The total number of common shareholders as of the end of the reporting period was 8,313, with no changes in the total number of shares or capital structure during the reporting period[63]. - The top ten shareholders hold a combined total of 69.88% of the shares, with Ningbo Lehui Investment Holding Co., Ltd. being the largest shareholder at 18.09%[63]. Environmental Compliance - The company emphasizes environmental protection and compliance with regulations, actively improving waste management and environmental approvals[43]. - Major pollutants from the equipment manufacturing business include waste materials, sludge, and nitrogen oxides, while the fresh beer brewing business primarily generates waste yeast and VOCs[45]. - The company has established various pollution control facilities, including wastewater treatment stations and VOCs treatment devices, all operating normally as per environmental assessment requirements[45]. Legal Matters - A significant arbitration case with German companies MAX and NSM was resolved on August 7, 2024, with both parties actively fulfilling the settlement agreement[50]. - The company is currently involved in a lawsuit regarding patent infringement, with a claim amounting to approximately 1,016.86 thousand RMB[51]. Accounting and Financial Reporting - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial status and operational results[104]. - The company’s financial reporting adheres to the relevant accounting standards, ensuring accurate representation of its financial position and performance[114]. - The company recognizes revenue based on the type of business, either at a point in time or over a period, depending on the fulfillment obligations specified in contracts[169].