ST恒久(002808) - 2018 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2018 was ¥135,426,661.10, a decrease of 3.95% compared to ¥140,998,271.05 in the same period last year[16]. - The net profit attributable to shareholders was ¥13,020,783.51, down 18.81% from ¥16,037,149.31 in the previous year[16]. - Basic earnings per share decreased by 19.05% to ¥0.068 from ¥0.084 in the previous year[16]. - The company achieved total revenue of ¥135,426,661.10, a decrease of 3.95% compared to the same period last year[40]. - The net profit attributable to the parent company was ¥13,020,783.51, down 18.81% year-on-year[40]. - The gross profit margin for laser OPC drum manufacturing was 22.24%, reflecting a decrease of 4.31% compared to the previous year[48]. - The company reported a significant increase of 1,345.16% in other income, attributed to the growth in factoring interest and service fee income from its wholly-owned subsidiary[49]. - The company reported a cash balance of RMB 208,210,292.15 as of June 30, 2018, an increase from RMB 202,537,002.62 at the beginning of the period[136]. - The company reported a decrease in sales revenue from 145,511,420.17 CNY to 119,155,697.84 CNY, reflecting a decline in market demand[157]. Cash Flow and Investments - The net cash flow from operating activities was -¥43,041,862.31, a significant decline of 457.26% compared to ¥12,047,790.67 in the same period last year[16]. - Cash flow from operating activities was CNY 131,798,881.59, down from CNY 153,878,077.57 in the same period last year[153]. - The total cash inflow from investment activities was 267,548,857.86 CNY, while cash outflow was 251,516,267.05 CNY, resulting in a net cash flow of 16,032,590.81 CNY[154]. - The company incurred a net cash outflow from investment activities of -13,594,416.58 CNY, a significant drop from a positive cash flow of 7,719,873.35 CNY previously[158]. - The company received 30,000,000.00 CNY from borrowings, which contributed to the financing cash inflow[158]. Assets and Liabilities - Total assets at the end of the reporting period were ¥669,248,439.25, an increase of 7.44% from ¥622,898,240.51 at the end of the previous year[16]. - The total liabilities increased by 40.59% to ¥115,198,703.80 compared to the end of the previous year[40]. - Cash and cash equivalents at the end of the reporting period amounted to ¥208,210,292.15, representing 31.11% of total assets, a decrease of 1.21% compared to the previous year[53]. - Accounts receivable increased to ¥105,563,766.63, accounting for 15.77% of total assets, up by 2.99% year-on-year[53]. - Inventory rose significantly to ¥121,710,392.07, making up 18.19% of total assets, primarily due to an 8.16% increase in production scale[53]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,652[120]. - The largest shareholder, Yu Rongqing, holds 39.52% of the shares, amounting to 75,886,080 shares[120]. - The company has a total of 192 million shares outstanding, with 54.41% being limited shares and 45.59% being unrestricted shares[118]. - The company will announce its intention to reduce holdings three trading days prior to the actual reduction[88]. Corporate Strategy and Operations - The core business remains focused on the research, production, and sales of organic photo-conductor drums (OPC drums), which is the main source of revenue and profit[24]. - The company’s market strategy focuses on increasing the sales proportion of high-end products and expanding into new regional markets[26]. - The company has established a strong R&D capability with provincial-level technology centers to enhance product innovation and quality control[35]. - The company completed the "Laser Organic Photoconductor Drum Expansion Project," which significantly increased production capacity and efficiency, thereby reducing unit product costs[42]. Compliance and Governance - The company has committed to strict compliance with environmental laws and regulations[111]. - There were no major litigation or arbitration matters during the reporting period[98]. - The company has not encountered any issues with the use and disclosure of raised funds[66]. - The company has not implemented any stock incentive plans or employee stock ownership plans during the reporting period[100]. Future Outlook - The company expects a net profit attributable to shareholders for the first three quarters of 2018 to range from RMB 15.79 million to RMB 23.69 million, reflecting a potential change of -20% to 20% compared to RMB 19.74 million in the same period of 2017[74]. - The company anticipates stable overall operating conditions but acknowledges potential fluctuations in performance due to market competition and rising costs[74].