绿的谐波(688017) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was ¥172,407,176.66, representing a 0.49% increase compared to ¥171,561,970.11 in the same period last year[14]. - Net profit attributable to shareholders decreased by 27.69% to ¥36,618,495.08 from ¥50,641,099.09 in the previous year[15]. - The net profit after deducting non-recurring gains and losses was ¥33,960,723.76, down 25.76% from ¥45,745,750.43 year-on-year[15]. - Basic earnings per share decreased by 27.73% to CNY 0.2171 compared to the same period last year[16]. - Diluted earnings per share decreased by 27.74% to CNY 0.2170 compared to the same period last year[16]. - The company reported a net profit of 1.55 billion RMB for the year 2022, with an average net profit growth rate of 112.48% from 2020 to 2022[74]. - The company reported a net loss of 50,601,650.40 RMB in the first half of 2024, a significant decrease from the previous year's profit distribution[145]. - The total comprehensive income for the first half of 2024 was 34,953,371.06 RMB, indicating a recovery in performance compared to the previous period[145]. Cash Flow and Assets - The net cash flow from operating activities significantly dropped by 98.87% to ¥356,503.98 compared to ¥31,648,870.30 in the same period last year[15]. - Total assets decreased by 3.81% to ¥2,704,827,560.86 from ¥2,812,072,607.81 at the end of the previous year[15]. - Total current assets decreased from CNY 1,666,207,119.08 in December 2023 to CNY 1,241,064,968.17 in June 2024, a decline of approximately 25.5%[113]. - Cash and cash equivalents dropped significantly from CNY 969,334,615.32 to CNY 181,676,537.53, a decrease of about 81.3%[113]. - The company's total liabilities decreased from CNY 794,282,359.11 to CNY 699,334,932.33, a reduction of approximately 11.9%[115]. Research and Development - Research and development expenses accounted for 14.46% of operating revenue, an increase of 2.02 percentage points year-on-year[16]. - Research and development investment totaled approximately ¥24.92 million, representing a 16.79% increase compared to the previous year, with R&D expenses accounting for 14.46% of operating revenue[42]. - The company has increased its R&D personnel to 111, representing 14.12% of the total workforce, up from 13.35% in the previous year[46]. - The company has achieved international advanced levels in key performance indicators for its harmonic reducer products, surpassing traditional design theories[48]. Market and Industry Trends - The domestic harmonic reducer industry is experiencing rapid growth, benefiting from government policies and increasing collaboration with local robot manufacturers[29]. - The harmonic reducer industry is characterized by high technical barriers and requires strong R&D capabilities for continuous innovation[29]. - The company is focused on expanding its product series and enhancing technological capabilities to capture market share in the domestic and international markets[29]. - The demand for CNC machining centers, especially four-axis and five-axis machines, has rapidly increased, driving the growth of CNC rotary tables, which significantly impact machining efficiency and precision[33]. Risks and Challenges - The company has highlighted potential risks in its management discussion and analysis section, urging investors to pay attention[3]. - The company faces risks from intensified market competition, particularly from international industry giants in the precision reducer sector[53]. - The company is exposed to product iteration risks due to rapid technological advancements and changing market demands, which may affect its competitive edge[54]. - The comprehensive gross profit margins for the past two years were 48.69%, 41.14%, and 40.38%, indicating potential risks of margin fluctuations due to market changes and cost increases[55]. Environmental and Social Responsibility - The company invested 46.05 million RMB in environmental protection during the reporting period[75]. - The company reduced carbon emissions by 410.79 tons through the use of clean energy generation[79]. - The company has established an environmental protection mechanism and is focused on reducing pollution and enhancing ecological protection[78]. - The company plans to continue improving its environmental management system and focus on energy conservation and emission reduction[78]. Corporate Governance - The board of directors and management have confirmed the accuracy and completeness of the financial report[2]. - The report has not been audited, and the company has not proposed any profit distribution or capital reserve transfer plans for this period[3]. - The company held its annual general meeting on May 24, 2024, with resolutions published on May 25, 2024[72]. - The company has not reported any changes or terminations in fundraising projects during the reporting period[95].