通鼎互联(002491) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was ¥1,444,234,065.37, a decrease of 13.86% compared to ¥1,676,548,741.32 in the same period last year[11]. - The net profit attributable to shareholders of the listed company was -¥38,932,141.85, representing a decline of 116.76% from ¥232,354,049.02 in the previous year[11]. - The net profit after deducting non-recurring gains and losses was ¥27,013,795.93, down 56.62% from ¥62,275,884.24 year-on-year[11]. - The basic earnings per share were -¥0.0317, a decrease of 116.78% compared to ¥0.1889 in the same period last year[11]. - The diluted earnings per share were also -¥0.0317, reflecting the same decline of 116.78% from ¥0.1889 year-on-year[11]. - The weighted average return on net assets was -1.59%, down 11.51% from 9.92% in the previous year[11]. - The company reported a net loss from non-operating income and expenses of ¥65,945,937.78 for the reporting period[15]. - The company reported a net loss of CNY 143,218,433.57 in H1 2024, compared to a net loss of CNY 104,286,291.72 in H1 2023, indicating a worsening of approximately 37.4%[88]. - The company’s total profit for the first half of 2024 was a loss of approximately CNY 40.23 million, compared to a profit of CNY 281.12 million in the first half of 2023[92]. Revenue and Sales - The company's total revenue for the reporting period was ¥1,444,234,065.37, representing a decrease of 13.86% compared to ¥1,676,548,741.32 in the same period last year[22]. - The communication cable and related manufacturing segment accounted for 84.73% of total revenue, amounting to ¥1,223,631,196.61, down 15.46% year-on-year[23]. - Domestic sales accounted for 100% of total sales, amounting to CNY 1,444,234,065.37, down 13.61% from the previous year[25]. - The revenue from optical fiber and cable products was CNY 117,375,771.75, a significant decline of 66.36% year-on-year[25]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2024, representing a 15% year-over-year growth[123]. Cash Flow and Investments - The net cash flow from operating activities increased by 12.15% to ¥81,161,362.42 from ¥72,366,142.87 in the previous year[11]. - The company experienced a significant decrease in cash flow from investing activities, down 70.29% to ¥32,189,443.00 from ¥108,352,650.62 in the previous year[22]. - The total investment amount for the reporting period was ¥86,241,847.75, a decrease of 33.73% compared to ¥130,132,496.92 in the same period last year[33]. - Cash inflow from operating activities totaled 1,992,646,012.19 CNY, slightly up from 1,978,819,032.84 CNY in the previous year[96]. - Cash outflow from operating activities was 1,911,484,649.77 CNY, compared to 1,906,452,889.97 CNY in the first half of 2023[96]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,026,329,213.24, an increase of 2.35% from ¥5,887,887,284.66 at the end of the previous year[11]. - The total liabilities increased to CNY 4,396,644,844.51 in H1 2024, compared to CNY 3,958,154,396.21 in H1 2023, indicating a rise of approximately 11.1%[89]. - The company's short-term borrowings increased to CNY 1,804,223,590.32, representing 29.94% of total liabilities[27]. - The total non-current liabilities decreased to CNY 21,741,544.99 in H1 2024 from CNY 38,955,068.27 in H1 2023, a decline of about 44.1%[89]. Research and Development - Research and development expenses were ¥51,361,877.54, down 29.83% from ¥73,200,321.55 in the previous year[22]. - The company is investing heavily in R&D, with a budget allocation of 150 million RMB for new technology development in 2024[123]. Shareholder Information - The company plans not to distribute cash dividends or bonus shares, nor to increase capital from reserves[2]. - The company has not declared any cash dividends or stock bonuses for the half-year period, nor has it implemented any employee stock ownership plans or other incentive measures[46]. - The largest shareholder, Tongding Group, holds 31.51% of the shares, totaling 387,519,421 shares, with 363,570,000 shares pledged[75]. Risk Management - The company is actively addressing risks related to raw material price fluctuations by locking in prices for key materials like copper through hedging and entering long-term supply agreements with suppliers[43]. - The company has established a comprehensive internal control and risk management system for its futures hedging business to mitigate market risks associated with copper price fluctuations[37]. Legal and Compliance - The company is involved in an arbitration case with a claim amount of 108 million yuan related to performance compensation disputes, with the arbitration already decided[52]. - The company has other minor lawsuits totaling approximately 82.82 million yuan, which do not have a significant impact on its operations[53]. - The company has not faced any penalties or rectification issues during the reporting period[54]. Corporate Governance - The company emphasizes its commitment to social responsibility, focusing on sustainable development and maintaining good communication with investors to protect their rights[47]. - The company reported a 36.42% investor participation rate in its annual general meeting held on June 7, 2024, where all proposals were approved[45]. Future Outlook - The company has provided a positive outlook for the second half of 2024, projecting a revenue growth of 10% to 12%[123]. - The company plans to focus on market expansion and new product development to improve future performance[94].