本川智能(300964) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was ¥277,368,327.33, an increase of 5.14% compared to ¥263,818,200.16 in the same period last year[13]. - Net profit attributable to shareholders was ¥15,626,371.66, representing a year-on-year increase of 21.75% from ¥12,834,682.28[13]. - The net profit after deducting non-recurring gains and losses was ¥9,389,684.68, which is a significant increase of 90.96% compared to ¥4,917,107.36 in the previous year[13]. - The company's cash flow from operating activities decreased by 74.54%, amounting to ¥9,043,169.71, down from ¥35,518,584.83 in the same period last year[13]. - Total assets at the end of the reporting period were ¥1,301,686,747.65, a decrease of 1.16% from ¥1,316,965,973.91 at the end of the previous year[13]. - The company's revenue for the reporting period was ¥277,368,327.33, representing a year-on-year increase of 5.14% compared to ¥263,818,200.16 in the previous year[33]. - The company's R&D investment increased by 16.78% to ¥13,539,699.77 from ¥11,593,874.43 in the previous year, reflecting a commitment to innovation[33]. - The gross margin for printed circuit boards (PCBs) was 14.03%, with a slight decrease of 1.75% compared to the previous year[34]. - The company reported a significant increase in net cash flow from operating activities, amounting to ¥95,755,231.63, a 297.93% increase from the previous year[33]. Shareholder Information - The company reported a total share capital of 77,298,284 shares, with a cash dividend of 1 CNY per 10 shares to all shareholders, totaling approximately 7.63 million CNY[3]. - The company has a total of 76,328,284 shares available for dividend distribution after excluding repurchased shares[3]. - The company plans to distribute a cash dividend of CNY 1 per 10 shares, totaling CNY 7,632,828.40, with no stock dividends or capital reserve transfers[66]. - The total cash dividend, including other methods, amounts to CNY 8,582,410.40, representing 100% of the profit distribution[65]. - The total number of shareholders at the end of the reporting period is 17,980, with significant shareholders holding over 5% of shares[112]. - The largest shareholder, Dong Xiaojun, holds 24.32% of shares, totaling 18,802,000 shares, with 3,230,000 shares pledged[112]. - The second-largest shareholder, Nanjing Ruihan Equity Investment Partnership, holds 19.92% of shares, totaling 15,400,000 shares[112]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and performance forecasts, urging investors to understand the differences between plans, forecasts, and commitments[2]. - The report includes a section on potential risks and countermeasures, highlighting the company's proactive approach to risk management[2]. - The PCB industry is significantly influenced by global macroeconomic conditions, with potential impacts on revenue and profit levels if economic growth slows or experiences cyclical fluctuations[57]. - The company aims to enhance customer stickiness and brand recognition to mitigate risks associated with macroeconomic volatility[57]. - The company is closely monitoring international trade policies and economic conditions to manage risks associated with overseas business expansion[60]. Corporate Governance - The management team has confirmed the accuracy and completeness of the financial report, ensuring accountability for the information presented[2]. - The company has implemented measures to enhance corporate governance and compliance, including revising its articles of association and internal control management systems[107]. - The company did not experience any changes in its board of directors, supervisors, or senior management during the reporting period[64]. - The company has not engaged in speculative derivative investments during the reporting period[52]. - The company has not sold any significant assets during the reporting period[53]. Environmental Compliance - The company has established a comprehensive environmental management system and obtained ISO 14001 certification[76]. - The company has implemented various environmental protection measures in compliance with national laws and regulations[70]. - The company invested CNY 2.9399 million in pollution control facilities and operational costs during the reporting period[79]. - The company paid CNY 76,300 in environmental protection tax during the reporting period[79]. - The company has implemented automatic monitoring systems for wastewater parameters including flow, chemical oxygen demand, and ammonia nitrogen[78]. Market Position and Strategy - The company is recognized as a leading enterprise in the PCB industry, with a strong focus on high-frequency communication PCB technology, particularly for 5G base station antennas[19]. - The global PCB industry is projected to grow, with an estimated total value of approximately $73.03 billion in 2024, reflecting a year-on-year growth of about 4.97%[18]. - The company maintains a competitive position in the PCB market, consistently ranking among the top three in domestic market share[19]. - The company aims to provide small-batch PCB products and solutions, focusing on short delivery times and high-quality service to create value for customers[19]. - The company is actively seeking to expand its market presence both domestically and internationally, aiming to deepen existing customer relationships while pursuing new partnerships[29]. Research and Development - The company has established a project in collaboration with Nanjing Engineering Institute to research and design high-end PCBs for 6G communications, scheduled from 2023 to 2024[1]. - The company holds a total of 83 patents, including 23 invention patents and 60 utility model patents, reflecting its commitment to technology innovation[25]. - The company is focusing on improving its technological capabilities and production management to address intensified competition in the PCB industry[58]. - Research and development expenses increased to ¥13,539,699.77, up from ¥11,593,874.43, indicating a focus on innovation and product development[126]. Financial Management - The company has announced plans to use part of the raised funds to permanently replenish working capital, indicating a strategic financial management approach[105]. - The company reported a total of 56,089.55 million CNY in raised funds, with 6,732.57 million CNY utilized during the reporting period[44]. - The company has a remaining unutilized raised fund balance of 5,261.20 million CNY, which will continue to be allocated to committed investment projects[46]. - The company reported a significant increase in government subsidies, totaling 4,418,774.63 CNY, representing a 25.95% increase compared to the previous period[36]. - The company has not reported any changes in the use of raised funds during the reporting period[47]. Production and Operations - The company is accelerating the capacity release of its new factory for producing high-frequency, high-speed, multi-layer, and high-density printed circuit boards, significantly enhancing overall production capacity[24]. - The company has established a mature procurement system to support its production needs, balancing "just-in-time" ordering with maintaining safety stock[22]. - The production process is highly flexible, allowing for quick adjustments based on order variations, with a strong emphasis on employee cross-training[22]. - The company focuses on flexible production management to meet diverse market demands, enabling quick responses to changes in customer requirements[27]. - The company is investing in a new PCB production facility in Thailand, which presents operational and regulatory challenges due to differing local conditions[61].