Company Overview - The company reported a total share capital of 63,921,500 shares[7]. - The company was established on October 27, 2015, and is listed on the National Equities Exchange and Quotations (NEEQ) under the stock code 873234[7]. - The controlling shareholder is Zhao Bo, with consistent actions from Xinjiang Keju and Xinjiang Lisheng[7]. - The company operates in the mining industry, specifically in oil and gas extraction activities[7]. - The main products and services include oilfield technical services, chemical agent products, and specialized equipment for oilfields[7]. Financial Performance - In the first half of 2024, the company achieved a net profit attributable to shareholders of approximately ¥154.94 million after deducting non-recurring gains and losses[8]. - The company reported an operating revenue of approximately ¥17.19 million for the same period[8]. - The company's operating revenue for the current period reached ¥154,935,324.94, representing a 13.02% increase compared to ¥137,085,532.02 in the same period last year[13]. - The net profit attributable to shareholders of the listed company was ¥24,164,987.86, marking a 36.13% increase from ¥17,751,877.03 in the previous year[13]. - The gross profit margin improved to 36.02%, up from 28.75% in the previous year[13]. - The company reported a net cash flow from operating activities of ¥39,025,237.88, which is a 43.70% increase from ¥27,157,760.98 in the same period last year[13]. - The total assets increased by 3.18% to ¥561,791,176.96 from ¥544,489,110.43 at the end of the previous year[13]. - The total liabilities decreased by 7.85% to ¥85,496,001.26 from ¥92,782,909.00 at the end of the previous year[13]. Research and Development - The company applied for 7 patents in the first half of 2024, including 3 invention patents and 4 utility model patents, with 1 new utility model patent granted[9]. - The company continues to increase R&D investment, focusing on key technologies such as oilfield water treatment and crude oil dehydration[8]. - The company has established a "Postdoctoral Research Station" officially recognized by the National Postdoctoral Management Committee Office in April 2024[9]. - The company has made significant advancements in oilfield wastewater treatment technology, which has been widely applied in various oilfield operation areas, contributing to energy conservation and environmental protection[9]. Market Expansion - The company is actively expanding its international market presence, leveraging its brand and technical advantages in Kazakhstan and exploring opportunities in Iraq and other Middle Eastern markets[8]. - The company is implementing a market strategy that focuses on expanding its services in domestic oilfields while also targeting the Central Asian and North American markets through its subsidiaries[8]. - The company maintains strong cooperation with major clients, primarily China National Petroleum Corporation, due to its operations in Xinjiang oilfields[8]. Employee and Shareholder Information - The company has implemented an employee stock ownership plan (ESOP) in December 2022, with a total of 3,921,500 shares held under the plan, accounting for 6.13% of the company's total share capital[30]. - The ESOP includes 86 participants, consisting of 6 directors and supervisors, and 80 other employees, with two participants exiting the plan for non-negative reasons[29]. - The total number of shareholders rose from 29 to 48 after the capital increase[60]. - The total number of employees increased from 550 to 555, with a net addition of 37 employees during the reporting period[40]. Compliance and Governance - The report has been approved by the board of directors and does not require an audit by an accounting firm[1]. - The company has not undergone any changes in its main sponsor during the reporting period[7]. - The company has not disclosed any unreported matters or reasons for such omissions[1]. - The company is currently fulfilling various commitments, including non-competition and asset occupation commitments, which began on December 31, 2021[30]. - The company has not engaged in any related party transactions during the reporting period[29]. Environmental and Social Responsibility - The company donated ¥40,000 to the Karamay Red Cross for equipping AEDs in crowded places, reflecting its commitment to social responsibility[25]. - The company faces significant risks related to environmental compliance and product quality, which could adversely affect its reputation and financial performance[27]. - The company is in compliance with environmental and regulatory commitments, with ongoing fulfillment of various other commitments[31]. Financial Management and Accounting - The company adheres to the accounting standards and ensures that its financial statements reflect a true and complete picture of its financial status[79]. - The company has assessed its ability to continue as a going concern for the next 12 months and found no issues affecting this capability[77]. - The company follows specific accounting treatments for business combinations, recognizing identifiable assets and liabilities at fair value on the acquisition date[84]. - The company recognizes deferred tax assets or liabilities for temporary differences arising from unrealized internal sales profits in the consolidated financial statements[91]. Risks and Challenges - The company’s reliance on oilfield companies remains high, posing a risk to business development during downturns in oil prices[26]. - The company has actively expanded its market beyond Xinjiang, achieving some success but still facing concentration risks in customer and sales regions[26].
科力股份(920088) - 2024 Q2 - 季度财报