Intellectual Property and Awards - The company added 1 new invention patent during the reporting period, bringing the total to 163 patents, including 11 invention patents and 152 utility model patents[2]. - The company received the "2023 Excellent Supplier" award from Makita Corporation in June 2024[2]. - The company was recognized as a "2023 Wuxi Gazelle Enterprise" in March 2024[2]. - The company received multiple awards, including recognition as a "High-tech Enterprise" and "Specialized and New Enterprise" in Jiangsu Province, enhancing its industry reputation[24]. Financial Performance - Revenue for the current period reached ¥242,104,791.23, representing a year-over-year increase of 23.95% from ¥195,317,058.43[14]. - Net profit attributable to shareholders was ¥26,303,639.43, a 34.55% increase compared to ¥19,549,261.11 in the same period last year[14]. - The gross profit margin improved to 21.57%, up from 19.87% year-over-year[14]. - The company achieved a net profit growth rate of 35.18%, compared to a decline of 30.79% in the same period last year[18]. - The company reported a net profit margin improvement, with net income for the first half of 2024 expected to be higher than the previous year, although specific figures were not disclosed[94]. - The company's net profit for the first half of 2024 reached CNY 21,945,555.71, an increase from CNY 18,211,721.84 in the same period of 2023, representing a growth of approximately 15.05%[96]. Assets and Liabilities - Total assets increased by 22.16% to ¥758,312,508.98 from ¥620,745,793.28 at the end of the previous period[15]. - The debt-to-asset ratio (consolidated) rose to 41.16%, compared to 27.72% in the previous period[15]. - Total liabilities increased by 81.35% to CNY 312,094,221.69[25]. - The company's total assets increased from ¥620,745,793.28 to ¥758,312,508.98, representing a growth of about 22.2%[89]. - The total liabilities increased from ¥172,099,073.42 to ¥312,094,221.69, indicating a rise of approximately 81.5%[89]. Cash Flow - The net cash flow from operating activities was reported at ¥12,717,997.67, a significant increase of 596.29% from a negative cash flow of ¥2,562,606.04[17]. - Operating cash inflow for the first half of 2024 was CNY 219,966,762.17, an increase of 26.8% compared to CNY 173,531,333.44 in the same period of 2023[97]. - Cash inflow from financing activities increased to CNY 163,700,143.97, compared to CNY 52,600,001.00 in the first half of 2023[98]. - The ending cash and cash equivalents balance for the first half of 2024 was CNY 190,825,141.78, compared to CNY 80,934,351.24 at the end of the first half of 2023[98]. Research and Development - The company continues to focus on R&D and has implemented technical upgrades to improve automation and production efficiency[25]. - Research and development expenses rose by 22.85% to ¥10.34 million, representing 4.27% of operating revenue, indicating a commitment to innovation[32]. - Research and development expenses for the first half of 2024 amounted to ¥10,335,329.71, compared to ¥8,412,712.12 in the same period of 2023, showing an increase of about 23%[94]. Market and Production - The company operates in the manufacturing sector, specifically in the production of precision metal components[12]. - The company has entered mass production for several products, including battery pack heaters for BYD and NIO, and steering motor housings for Geely, contributing to sales growth[23]. - The company plans to continue expanding its market presence in the new energy vehicle sector, leveraging existing relationships with major clients like BYD and Geely[25]. - The company is focusing on the development of high-end precision metal products to meet the growing demand from major manufacturing sectors[27]. Shareholder and Equity Information - The total number of ordinary shares is 190,231,400[12]. - The actual controllers hold 121,082,560 shares, accounting for 63.65% of the total share capital, indicating a concentrated ownership structure[51]. - The company has implemented a cash dividend of CNY 1.58 per 10 shares to reward investors[25]. - The company has a total of 190,231,400 shares outstanding, with 49,599,709 shares being unrestricted, accounting for 26.07% of total shares[70]. Corporate Governance and Management - The company has a total of 9 board members and 3 supervisors[76]. - The financial director and board secretary positions have not changed during the reporting period[79]. - The company has appointed Zhang Yingjie as the Deputy General Manager and Director, effective from March 27, 2024[81]. - The company has a total of 4 senior management personnel[76]. Compliance and Risk Management - The company has not faced any delisting risks during the reporting period[6]. - The company has not engaged in any significant litigation, arbitration, or related party transactions during the reporting period[54]. - The company has not experienced significant changes in major risks during the reporting period, maintaining a focus on managing foreign exchange rate risks and overseas operational risks[56]. Accounting Policies and Financial Reporting - The financial statements were approved by the board of directors on August 28, 2024[114]. - The financial statements comply with the relevant accounting standards and accurately reflect the company's financial position and performance[118]. - The company has not reported any significant changes in accounting policies or estimates compared to the previous financial statements[113]. - The company recognizes financial assets or liabilities upon becoming a party to a financial instrument contract[127].
吉冈精密(836720) - 2024 Q2 - 季度财报