Share Repurchase and Dividends - The company repurchased 1,000,000 shares, accounting for 1% of the total share capital, completing the planned repurchase amount of 100%[3] - A cash dividend of RMB 2.00 per 10 shares was distributed, totaling RMB 19,800,000 based on a base of 99,000,000 shares[3] - As of June 30, 2023, the company has repurchased 1,000,000 shares at an average price of RMB 11.30 per share, totaling RMB 11,300,505.30, which is 69.76% of the planned maximum repurchase amount[78] Financial Performance - The company reported a revenue of 424.38 million, a decrease of 15.91% compared to the same period last year[25] - The net profit attributable to shareholders was 25.39 million, down 34.57% year-over-year[25] - The gross profit margin decreased to 11.91% from 15.46% in the previous year[25] - The basic earnings per share decreased by 51.92% to 0.25[25] - The company's operating revenue for the current period is CNY 424,381,947.72, a decrease of 15.91% compared to CNY 504,699,272.64 in the previous year[47] - The company's main business income decreased by 13.88% to CNY 415,455,516.06 from CNY 482,434,165.83 in the previous year[51] - The total revenue for the company was approximately ¥424.38 million, a decrease of 17.15% compared to the same period last year[53] - The net profit for the current period is CNY 25,389,271.86, down 34.57% from CNY 38,806,407.50 in the previous year[48] - The company’s revenue from other businesses fell by 59.91%, primarily due to a decline in sales of scrap materials[56] - Domestic revenue accounted for ¥405.84 million, down 15.52% year-on-year, while overseas revenue was ¥18.54 million, down 23.72%[55] Cash Flow and Assets - The net cash flow from operating activities was -64.55 million, a decline of 102.44% compared to the previous year[27] - The company's cash and cash equivalents decreased by 38.19% to CNY 217,943,428.1 from CNY 352,626,212.26 at the end of the previous year[44] - Inventory increased by 32.74% to CNY 125,248,736.08, reflecting the company's strategy to enhance supply response speed[45] - Current assets totaled ¥836,095,337.01 as of June 30, 2023, slightly up from ¥831,713,983.64 at the end of 2022, reflecting a growth of 0.46%[107] - Total liabilities at the end of the period were 119.47 million, showing an increase of 8.60% compared to the end of the previous year[26] - The total assets at the end of the period were 977.56 million, showing a slight increase of 0.02% from the previous year[26] Research and Development - The company obtained 4 new utility model patents, bringing the total to 87 patents, including 9 invention patents, enhancing its competitive advantage[4] - The company is focusing on the development of precision nickel-based conductor materials, which are crucial for battery applications[40] - The company has invested significantly in R&D to maintain its competitive edge in the precision nickel-based conductor materials market[68] - The company's R&D expenses decreased by 13.36% to CNY 15,051,628.33, representing 3.55% of total revenue[47] Management and Governance - The company appointed Qian Xinyue as a new director on August 3, 2023, with a term ending on August 2, 2026[93] - Liu Yongchang resigned as an independent director during the reporting period, and Xue Wendong was appointed as a new independent director[98] - The company has a total of 7 board members and 3 supervisors, with 5 senior management personnel[93] - The company has maintained a stable management structure, with no changes in the chairman or general manager positions during the reporting period[98] Market and Strategic Focus - The overall market for electronic products is expected to stabilize and grow due to recent government measures promoting consumption[42] - The company is focusing on the development of new energy power batteries and energy storage batteries, which are key growth areas[68] - The company is implementing measures to strengthen customer relationships and expand sales channels to mitigate market competition risks[67] - The company plans to enhance its procurement capabilities by introducing new qualified suppliers to reduce supplier concentration and improve bargaining power[67] Financial Reporting and Compliance - The financial report was approved by the board of directors on August 23, 2023[143] - There were no changes in accounting policies or estimates compared to the previous year's financial statements[142] - The company adheres to the Chinese accounting standards, ensuring that the financial statements reflect a true and complete picture of its financial status[148] - The company confirmed that there were no significant long-term asset transfers or impairments during the reporting period[142]
远航精密(833914) - 2023 Q2 - 季度财报