威唐工业(300707) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the reporting period was ¥447,567,206.43, representing a year-on-year increase of 25.44% compared to ¥356,810,887.20[12]. - Net profit attributable to shareholders was ¥27,187,773.28, a significant increase of 175.72% from ¥9,860,818.74 in the same period last year[12]. - The net profit after deducting non-recurring gains and losses reached ¥25,828,199.80, up 326.46% from ¥6,056,486.85 year-on-year[12]. - The company's basic earnings per share increased to ¥0.1548, reflecting a growth of 146.10% compared to ¥0.0629 in the previous year[12]. - The company's operating cost increased to ¥347,352,703.44, which is a 20.63% rise from ¥287,957,824.69 in the previous year[25]. - Research and development investment amounted to ¥16,168,809.95, reflecting a 9.72% increase from ¥14,736,601.35 year-on-year[25]. - The company reported a total profit of ¥32,246,749.59 for the first half of 2024, compared to ¥14,726,142.84 in the first half of 2023, an increase of 118.0%[106]. - The total operating revenue for the first half of 2024 reached ¥447,567,206.43, representing an increase of 25.4% compared to ¥356,810,887.20 in the first half of 2023[105]. Cash Flow and Liquidity - The company reported a net cash flow from operating activities of ¥12,006,612.88, a decrease of 81.53% compared to ¥64,994,329.73 in the same period last year[12]. - The company reported a net decrease in cash and cash equivalents of ¥116,340,830.12, a decline of 646.28% compared to a decrease of ¥15,589,354.43 in the same period last year[25]. - Cash and cash equivalents at the end of the reporting period amounted to ¥628,796,493.53, representing 34.05% of total assets, a decrease of 4.21% from the previous year[28]. - The cash flow from operating activities generated a net amount of ¥12,006,612.88 in the first half of 2024, a decrease from ¥64,994,329.73 in the same period of 2023[111]. - The ending cash and cash equivalents balance as of the end of the first half of 2024 was ¥623,711,982.08, down from ¥383,968,875.66 at the end of the first half of 2023[112]. Investments and Capital Structure - Total investments during the reporting period reached ¥322,166,112.29, a significant increase of 334.89% compared to ¥74,079,448.27 in the same period last year[32]. - The company raised a total of ¥301,380,000.00 through the issuance of convertible bonds, with a net amount of ¥295,677,387.67 after deducting expenses[36]. - The company has a significant overseas asset in Germany valued at ¥132,577,941.57, which constitutes 11.36% of the company's net assets[29]. - The company completed the issuance of 20 million restricted shares, raising a total of 355,600,000 RMB, which became tradable on June 27, 2024[83]. - The total number of unrestricted shares increased by 19,361,267 shares, bringing the total to 143,178,914 unrestricted shares, which is 80.90% of the total shares[82]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and operational plans[2]. - The company has a risk management section detailing potential risks and countermeasures in the report[2]. - The company is facing risks from macroeconomic fluctuations and geopolitical factors affecting the automotive industry, and is implementing strategies to mitigate these risks[48]. - The company is exposed to exchange rate risks as a significant portion of its revenue from the automotive stamping die business is derived from exports, primarily settled in USD, EUR, or CAD[50]. - The company faces risks from increased competition in the automotive stamping die industry as more enterprises enter the market due to its expanding scale[49]. Corporate Governance and Compliance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[2]. - The company has not reported any significant impairment risks for its overseas assets[29]. - The company has not engaged in any entrusted financial management, derivative investments, or entrusted loans during the reporting period[43][44][45]. - The company did not experience any changes in its board of directors, supervisors, or senior management during the reporting period[55]. - The company emphasizes its commitment to environmental protection and has not faced any administrative penalties related to environmental issues during the reporting period[61]. Shareholder Information - The company plans to distribute a cash dividend of 0.30 CNY per 10 shares, totaling 5,242,562.82 CNY, based on a share base of 174,752,094 shares after accounting for repurchased shares[56]. - The total distributable profit for the period is 261,718,663.34 CNY, with the cash dividend representing 100% of the profit distribution[56]. - The total number of common shareholders at the end of the reporting period was 16,429, with significant shareholders holding over 5% of shares[86]. - Zhang Xiliang, the largest shareholder, holds 14.77% of shares, totaling 26,138,321 shares, with a recent increase of 300,000 shares[86]. - The company has authorized the board to formulate specific mid-term dividend plans based on undistributed profits and current performance for the second half of 2024[56]. Accounting Policies and Financial Reporting - The company adheres to the latest accounting standards issued by the Ministry of Finance, ensuring that financial statements accurately reflect its financial position, operating results, and cash flows[133]. - The accounting period for the company runs from January 1 to December 31, with the current financial report covering January 1, 2024, to June 30, 2024[134]. - The company recognizes revenue primarily from the sales of molds, stamping parts, automation products, and lightweight components for new energy[192]. - The company recognizes expected credit losses on individual receivables when there is objective evidence of credit impairment[161]. - The company recognizes government subsidies related to assets as deferred income, which is amortized over the useful life of the related assets[195].