翰博高新(301321) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was ¥1,030,413,393.15, a decrease of 0.08% compared to ¥1,031,247,501.13 in the same period last year[11]. - The net profit attributable to shareholders of the listed company was -¥65,970,127.81, representing a decline of 183.55% from ¥78,959,481.81 in the previous year[11]. - The net cash flow from operating activities was -¥171,624,812.35, a significant decrease of 385.38% compared to ¥60,138,869.11 in the same period last year[11]. - Basic earnings per share were -¥0.3621, down 185.50% from ¥0.4235 in the previous year[11]. - Total assets at the end of the reporting period were ¥4,840,609,588.84, an increase of 3.77% from ¥4,664,536,516.54 at the end of the previous year[11]. - The net assets attributable to shareholders of the listed company decreased by 13.42% to ¥1,152,514,419.97 from ¥1,331,189,169.16 at the end of the previous year[11]. - The company reported a significant increase in non-operating income, including government subsidies amounting to ¥3,679,120.72[14]. - The company reported a total of 2,531,578.09 in non-recurring gains and losses, with a tax impact of 506,756.16 and minority interest impact of 310,342.79[15]. - The company’s operational model remains unchanged, with a dedicated supply chain management center overseeing supplier evaluations and quality control[33]. - The company’s comprehensive gross margin has declined during the reporting period, with potential future risks from increased competition and rising costs, which could further pressure profitability[79]. Investment and Financing Activities - The total investment amount for the reporting period was ¥125,248,970.51, a decrease of 70.87% compared to ¥429,896,524.34 in the same period last year[53]. - The company invested CNY 65,921,332.91 in the annual production of 9 million miniLED light boards, with a cumulative actual investment of CNY 895,161,689.15, achieving a project progress of 42.21%[54]. - The total amount of raised funds was CNY 484,700,000, with CNY 428,090 invested during the reporting period and a cumulative investment of CNY 423,206,900[57]. - The company reported a balance of CNY 1,475,830 in raised funds after deducting the cumulative used amount, with interest income of CNY 975,540, resulting in a total balance of CNY 2,451,370 as of June 30, 2024[58]. - The company has not changed the purpose of raised funds during the reporting period, with a cumulative change in purpose amounting to CNY 14,092,040, representing 29.07% of the total raised funds[57]. - The company has not realized any benefits from the new projects during the reporting period, with expected benefits still pending[58]. - The company has not engaged in any derivative investments during the reporting period[64]. - The company has not reported any significant changes in accounting policies related to hedging activities compared to the previous reporting period[64]. Market and Product Development - The company aims to become the preferred partner in the semiconductor display industry, providing comprehensive solutions for backlight display modules and key components[16]. - The main products include backlight display modules and related components, widely used in laptops, tablets, desktop displays, automotive displays, medical monitors, industrial control displays, and VR products[17]. - The company has successfully developed and launched various automotive backlight display products, including anti-peep, curved, ultra-thin, ultra-narrow, and irregular designs, with significant growth in the automotive market[18]. - The company collaborates with major panel manufacturers and terminal producers for Mini-LED backlight products in consumer electronics such as laptops and VR[18]. - The company is focusing on new product development and market expansion strategies, although specific details were not disclosed in the report[2]. - The company is focused on reducing production costs while ensuring performance in the Micro-LED direct display technology to promote its adoption[26]. - The company is focusing on lightweight, thin, high-brightness, and low-energy consumption developments for backlight modules to maintain market competitiveness[30]. - The company has established partnerships with several Tier 1 suppliers and automotive manufacturers, including NIO, Chery, and Ford, for its automotive products[18]. Risk Management - The company faced risks and has outlined measures to address them in the management discussion section of the report[2]. - The semiconductor display industry is experiencing a phase of low demand, with potential risks of performance volatility due to geopolitical changes and supply chain constraints[74]. - The company has made adjustments to its product structure in response to market conditions, but faces risks if the industry recovery does not meet expectations[74]. - The company faces risks related to the digestion of new production capacity due to potential adverse changes in market demand and trends, which could directly impact the economic benefits of investment projects and overall operational performance[75]. - The company has established close partnerships with major clients such as BOE Technology Group and others, leading to a concentration risk; any changes in these clients' operational status could significantly affect the company's sales revenue[76]. - The company is exposed to foreign exchange risks due to sales transactions settled in USD, which could lead to exchange losses if the RMB/USD exchange rate fluctuates significantly[80]. - The company relies on key technical personnel for competitive advantage; losing these individuals or failing to attract new talent could adversely affect operations[82]. Employee Engagement and Welfare - The company emphasizes employee welfare, providing free meals and standardized dormitories to enhance employee satisfaction[90]. - The company conducted 7 employee engagement activities in the first half of 2024, including tree planting and travel for outstanding employees[90]. - The company has implemented safety measures and regular health check-ups to ensure employee safety and well-being[91]. - The company has a commitment to social responsibility, aiming to harmonize the interests of employees, customers, and society[89]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares for the half-year period, reflecting a focus on reinvestment rather than immediate shareholder returns[88]. - The largest shareholder, Wang Zhaozhong, holds 27.58% of the shares, totaling 51,412,050 shares[125]. - The second largest shareholder, Hefei Wangshi Hanbo Technology Co., Ltd., holds 10.52% of the shares, totaling 19,608,750 shares[125]. - The third largest shareholder, Hanbo Technology Co., Ltd., holds 8.91% of the shares, totaling 16,610,792 shares[125]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[127]. - The company has not reported any significant related party transactions during the reporting period[94]. Financial Position and Assets - The total assets of Hanbo High-tech Materials (Hefei) Co., Ltd. increased to CNY 4,840,609,588.84 as of June 30, 2024, up from CNY 4,664,536,516.54 at the beginning of the year, representing a growth of approximately 3.77%[131]. - The company's cash and cash equivalents rose to CNY 665,891,997.40, compared to CNY 644,259,540.00 at the start of the period, indicating an increase of about 3.93%[132]. - Accounts receivable decreased to CNY 609,918,312.29 from CNY 858,322,049.10, reflecting a decline of approximately 29%[132]. - Inventory increased significantly to CNY 455,954,719.39, up from CNY 359,547,179.77, marking an increase of around 27%[132]. - The total liabilities of the company rose to CNY 3,588,241,442.19, compared to CNY 3,241,285,745.82 at the beginning of the year, which is an increase of approximately 10.70%[133]. - The company's equity attributable to shareholders decreased to CNY 1,152,514,419.97 from CNY 1,331,189,169.16, indicating a decline of about 13.5%[133]. - The deferred income tax assets rose to CNY 115,954,316.38 from CNY 88,122,791.97, marking an increase of approximately 31.7%[132]. Research and Development - Research and development expenses were ¥57,299,037.50, down 2.88% from ¥58,998,411.18[44]. - The company actively invests in research and development, continuously enhancing its technological capabilities and fostering innovation to meet evolving market needs[43]. - The company has not reported any new product launches or technological advancements in the current period[149]. - Research and development expenses increased by 30% to support innovation in new technologies[194].