晶盛机电(300316) - 2018 Q2 - 季度财报

Financial Performance - The company reported a revenue of RMB 1.2 billion for the first half of 2018, representing a year-on-year increase of 25%[12]. - The net profit attributable to shareholders was RMB 300 million, up 30% compared to the same period last year[12]. - The gross margin improved to 35%, an increase of 5 percentage points from the previous year[12]. - The company achieved total operating revenue of CNY 1,244,045,588.16, representing a year-on-year increase of 53.79%[18]. - Net profit attributable to shareholders reached CNY 285,093,284.58, a growth of 101.20% compared to the previous year[18]. - The total profit for the same period was 317 million CNY, reflecting a 115.00% year-on-year growth, while the net profit attributable to shareholders was 285 million CNY, up 101.20%[33]. - The company reported a basic earnings per share of CNY 0.22, doubling from CNY 0.11 in the same period last year[18]. - The company’s total operating revenue for the period reached CNY 1,244,045,588.16, a significant increase of 53.8% compared to CNY 808,928,207.99 in the previous period[156]. - Net profit attributable to the parent company was CNY 285,093,284.58, up 101.0% from CNY 141,696,843.75 year-on-year[157]. - The comprehensive income for the current period amounts to CNY 279,155,440.06, which includes a net profit of CNY 285,093,284.58 after deducting losses[170]. Research and Development - The company plans to invest RMB 500 million in R&D for new product development and technology upgrades in 2018[12]. - The company invested 99.41 million CNY in R&D, accounting for 7.99% of its operating revenue, and held a total of 327 authorized patents by June 30, 2018[34]. - The company is committed to continuous technological innovation and has increased R&D efforts to enhance its core competitiveness[81]. - The company has been recognized for its innovative technologies, including the fully automated solar module stacking machine, which enhances production efficiency[35]. - The company has developed new products in the photovoltaic, semiconductor, and LED fields, including intelligent equipment and new sapphire crystal growth furnaces[81]. Market Expansion and Strategy - User data indicates a 40% increase in the number of active customers, reaching 10,000 by the end of June 2018[12]. - The company aims to expand its market presence in Southeast Asia, targeting a 15% market share by 2020[12]. - A strategic acquisition of a local competitor is under consideration to enhance production capabilities and market reach[12]. - The company plans to continue expanding its market presence and enhancing product quality to maintain competitive advantages[25]. - The company is gradually entering the smart factory automation business, leveraging its parent company's strong technical and market resources in the photovoltaic, semiconductor, and LED industries[4]. Financial Management and Investments - The company does not plan to distribute cash dividends for the current fiscal year, focusing instead on reinvestment for growth[12]. - The company experienced a 34.70% decrease in cash and cash equivalents, totaling CNY 525,237,300, primarily due to increased long-term equity investments and material procurement[26]. - The company invested CNY 250 million in Zhonghuan Leading Semiconductor Materials Co., resulting in a 1,373.77-fold increase in long-term equity investments[26]. - The company has temporarily used RMB 350 million of idle raised funds to supplement working capital as of June 30, 2018[65]. - The company has engaged in various entrusted financial products, including a principal-protected floating income product with a total amount of 6.5 million yuan and an expected annualized return of 4.65%[8]. Subsidiaries and Operational Performance - The subsidiary Hangzhou Huixiang Electric Technology Co., Ltd. reported a net profit of CNY 1.88 million, contributing significantly to the overall net profit[78]. - The subsidiary Shaoxing Shangyu Crystal Machinery Technology Co., Ltd. generated a revenue of CNY 295.24 million and a net profit of CNY 200.31 million[78]. - The subsidiary Inner Mongolia Jinghuan Electronic Materials Co., Ltd. achieved a revenue of CNY 74.61 million and a net profit of CNY 2.90 million[78]. - The company established two new subsidiaries during the reporting period, Zhejiang Qiushi Semiconductor Equipment Co., Ltd. and Zhejiang Jingde Electronic Technology Co., Ltd., which did not significantly impact overall performance[79]. Equity and Shareholder Information - The company implemented a profit distribution plan, distributing 1 yuan in cash dividends per 10 shares and increasing capital reserves by 3 shares for every 10 shares, resulting in an increase of 295,477,824 shares[123]. - The total number of shares increased from 984,926,080 to 1,283,770,254 due to various stock incentive plans and profit distribution, impacting basic earnings per share from 0.29 to 0.22, a decrease of 24.14%[127]. - The diluted earnings per share also decreased from 0.29 to 0.22, reflecting a decline of 21.14%[127]. - The total number of ordinary shareholders at the end of the reporting period was 44,549[134]. - The largest shareholder, Shaoxing Shangyu Jingsheng Investment Management Consulting Co., Ltd., held 48.34% of the shares, totaling 620,635,522 shares[134]. Asset Management - Total assets at the end of the reporting period were CNY 6,070,423,882.02, a slight increase of 0.90% from the end of the previous year[18]. - The company’s total assets across its subsidiaries amounted to CNY 1.63 billion, with a total net asset value of CNY 1.45 billion[78]. - The company’s cash and cash equivalents decreased from approximately ¥804.34 million to ¥525.24 million, a decline of about 34.7%[150]. - Inventory increased significantly from approximately ¥1.04 billion to ¥1.30 billion, an increase of about 24%[150]. Compliance and Governance - The semi-annual financial report was not audited[148]. - The financial statements of the company comply with the requirements of the accounting standards, reflecting the financial position, operating results, and cash flows accurately[190]. - The company has not engaged in any related party transactions during the reporting period[98]. - The company has not encountered any abnormal situations regarding the fundraising investment projects[60].