润农节水(830964) - 2023 Q2 - 季度财报

Financial Performance - The company achieved a revenue of ¥319,761,253.36, representing a 25.71% increase compared to ¥254,361,423.52 in the same period last year[23]. - The net profit attributable to shareholders decreased by 4.64% to ¥19,091,244.13 from ¥20,020,771.05 in the previous year[23]. - The gross profit margin decreased to 17.88% from 22.82% year-on-year, reflecting increased costs or pricing pressures[23]. - The company reported a negative net cash flow from operating activities of ¥57,637,408.24, worsening from a negative ¥27,380,195.64 in the same period last year[25]. - The company’s weighted average return on equity (ROE) based on net profit attributable to shareholders was 2.16%, down from 2.37% in the previous year[23]. - The company reported non-recurring gains and losses of 15.28 million yuan after tax[28]. - The company reported a net profit of ¥19,091,244.13, a decrease of 4.64% from ¥20,020,771.05 in the previous year[54]. - The company’s financial expenses amounted to ¥439,715.17, an increase of 66.26% compared to the previous year, due to reduced fundraising income and increased exchange losses[55]. - The company’s other income fell by 90.93% to ¥490,859.52, down from ¥5,409,446.03 in the same period last year, primarily due to last year's listing rewards[56]. - The company reported a total comprehensive income of CNY 14,918,111.76 for the current period, contributing to an increase in equity[145]. Assets and Liabilities - The total assets increased by 2.47% to ¥1,103,071,536.90 from ¥1,076,507,365.55 at the end of the previous year[24]. - The company’s debt-to-asset ratio (consolidated) rose to 19.97% from 18.55% in the previous year, indicating a slight increase in leverage[24]. - The company’s cash and cash equivalents increased by 15.42% from the previous year, amounting to approximately 107.12 million yuan[47]. - Total liabilities reached CNY 220,269,985.57, up from CNY 199,736,658.35, which is an increase of approximately 10.8%[120]. - Shareholders' equity totaled CNY 882,801,551.33, compared to CNY 876,770,707.20, showing a growth of about 0.7%[120]. - The company’s contract liabilities increased significantly to CNY 46,209,385.31 from CNY 25,796,967.17, indicating a growth of about 79.0%[119]. Patents and Technology - The company obtained 13 patents during the reporting period, including 1 invention patent, which enhances its technological advantage and brand influence[3]. - The company has a total of 119 patents, including 10 invention patents, and is recognized as a national-level "specialized, refined, and innovative" enterprise[35]. - The company is developing a smart agriculture platform with a focus on precision water and fertilizer management, field monitoring, and agricultural product traceability[41]. - The company focuses on the research and development of water-saving irrigation equipment and has a comprehensive service model in smart agriculture[30]. Market Expansion and Competition - The company established subsidiaries in Henan and Tianjin to expand its market presence in North and Southwest China[38]. - The company reported a revenue from the Northwest region grew by 48.67% to ¥120,351,041.66, mainly due to increased income from water-saving engineering projects in Inner Mongolia[63]. - The company faced intensified competition in the water-saving irrigation industry due to rapid market growth and new entrants[76]. Environmental Responsibility - The company has established an environmental protection responsibility system and has implemented control procedures for waste management[74]. - The company has implemented measures for noise control and waste management, ensuring compliance with environmental standards[75]. - The company has established a monitoring plan for environmental self-monitoring, with results meeting relevant discharge standards[75]. - The company has a valid wastewater discharge permit effective until June 28, 2026[74]. Employee and Governance - The company has a total of 430 employees at the end of the reporting period, an increase of 10 from the beginning of the period[114]. - The board of directors consists of 8 members, while the supervisory board has 3 members, and there are 4 senior management personnel[106]. - The company appointed two new independent directors, Li Guangyong and Ma Guiliang, during the reporting period[108]. - The total number of shares held by directors and supervisors is 109,083,446, accounting for 41.77% of the total shares[106]. Financial Management and Accounting - The company has not made any changes to accounting policies or estimates compared to the previous financial statements[152]. - The company has confirmed that there are no significant changes in the scope of consolidation for the financial statements[152]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial statements accurately reflect its financial position and performance[162]. - The company recognizes financial liabilities when the current obligations are fully or partially discharged, or when existing liabilities are replaced with new ones under substantially different terms[179].