TPC(SZ:002134)2018-08-17 16:00Financial Performance - The company's operating revenue for the first half of 2018 was CNY 203,918,790.67, a decrease of 0.83% compared to CNY 205,634,104.85 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was a loss of CNY 8,738,109.15, which is a decline of 7.81% from a loss of CNY 8,104,776.37 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 10,586,402.37, representing an 18.52% increase in loss compared to CNY 8,932,099.05 in the same period last year[17]. - The net cash flow from operating activities was CNY 13,078,269.69, an increase of 6.03% from CNY 12,334,903.56 in the previous year[17]. - The company reported a significant increase in investment income by 667.12% to CNY 932,788.22, driven by higher financial returns[39]. - The company reported a net loss in retained earnings, with an accumulated deficit of CNY -139,951,861.05 compared to CNY -131,213,751.90 at the beginning of the period[111]. - The company reported a net loss of 8,806,300 for the period, indicating a significant decline in profitability[129]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 625,555,664.70, a decrease of 1.37% from CNY 634,252,726.50 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were CNY 429,030,745.41, down 2.00% from CNY 437,768,854.56 at the end of the previous year[17]. - The company's total liabilities stood at CNY 196,737,984.88, a slight increase from CNY 196,628,657.36, indicating a marginal growth of about 0.1%[110]. - The company's equity attributable to shareholders decreased to CNY 429,030,745.41 from CNY 437,768,854.56, a decline of approximately 2.0%[111]. - The company's current assets totaled CNY 310,627,928.96, slightly up from CNY 307,157,023.73, indicating a growth of about 0.9%[109]. - Cash and cash equivalents decreased to CNY 40,052,770.15 from CNY 51,944,332.61, representing a decline of approximately 22.6%[108]. Revenue Sources - Domestic revenue accounted for 43.28% of total revenue, increasing by 2.58% year-on-year, while overseas revenue decreased by 3.29% to 56.72% of total revenue[42]. - Approximately 50% of the company's revenue comes from overseas markets, making it sensitive to exchange rate fluctuations, particularly in USD and EUR[60]. Business Operations - The main business involves the R&D, production, and sales of printed circuit boards (PCBs), with applications in various fields including aerospace, digital communications, and consumer electronics[25]. - The company employs a direct procurement model and a multi-variety production model to meet customer demands[26]. - The company is focusing on cost control, structural adjustments, and product upgrades to navigate macroeconomic fluctuations and enhance competitiveness[59]. - The company is actively expanding its market presence and has made progress in market development despite overall order shortages in the first half of 2018[57]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 17,070[92]. - The largest shareholder, Tianjin Zhonghuan Electronic Information Group Co., Ltd., holds 25.35% of the shares, totaling 62,314,645 shares[93]. - Tianjin Jinrong Investment Service Group Co., Ltd. is the second-largest shareholder with a 20.48% stake, amounting to 50,338,900 shares[93]. - The total number of shares before and after the change is 245,849,768, with no changes in the number of shares issued[90]. Compliance and Governance - The company has not experienced any major litigation or arbitration matters during the reporting period[70]. - The company has not engaged in any significant related party transactions during the reporting period[73]. - The company has not made any major acquisitions or disposals of assets during the reporting period[74]. - The company has not implemented any employee incentive plans during the reporting period[72]. - The company has not faced any penalties or corrective actions during the reporting period[71]. Research and Development - The company's R&D investment increased by 21.11% to CNY 6.87 million, reflecting a commitment to innovation[39]. - The company is focusing on new product development and technological advancements to improve future performance[132]. Market Outlook - The PCB market in China is expected to grow to USD 35.69 billion by 2022, increasing its global market share from 50.5% in 2017 to 51.9%[27]. - The company has identified potential risks and strategies for future development in its report[5]. Accounting Policies - The financial statements are prepared in accordance with the latest enterprise accounting standards, ensuring compliance and accuracy[143]. - The company has not made any significant changes to its accounting policies or estimates during the reporting period[198].