Financial Performance - In the first half of 2023, the company reported a revenue of ¥139,619,775.20, a decrease of 1.46% compared to ¥141,687,689.70 in the same period last year[22]. - The net profit attributable to shareholders was ¥8,722,531.15, down 8.68% from ¥9,551,163.87 in the previous year[22]. - The company's gross profit margin was 24.33%, slightly down from 24.58% year-on-year[22]. - The basic earnings per share decreased by 29.61% to ¥0.1236 from ¥0.1756 in the same period last year[22]. - Net profit for the period was ¥8,722,531.15, down 8.68% year-on-year[31]. - The company reported non-recurring gains and losses of ¥3,420,345.97 after tax[26]. - The company achieved operating revenue of ¥139,619,775.20, a decrease of 1.46% compared to the same period last year[31]. - Investment income decreased by 45.39% to ¥1,167,284.74, primarily due to reduced earnings from associated companies[48]. - The company reported a total of 10 million CNY for raw materials and services, with actual expenses of 3.61 million CNY, indicating a utilization rate of 36.13%[81]. - The company reported a comprehensive income of CNY 8,722,531.15 for the current period[127]. Assets and Liabilities - The total assets at the end of the reporting period were ¥754,164,071.74, a decrease of 2.82% from ¥776,078,892.64 at the end of the previous year[23]. - The total liabilities decreased by 6.99% to ¥266,673,556.81 from ¥286,721,987.96 year-on-year[23]. - The company's cash and cash equivalents increased by 46.41% to CNY 185,383,743.84, primarily due to the maturity of structured deposits from cash management[44]. - Accounts receivable decreased by 17.04% to CNY 50,301,617.18, reflecting changes in customer payment behavior[44]. - Inventory decreased by 11.04% to CNY 93,491,717.07, indicating improved inventory management[44]. - The company's total assets decreased by 2.82% to CNY 754,164,071.74, showing a slight contraction in the asset base[44]. - Long-term borrowings decreased by 11.06% to CNY 61,574,559.16, reflecting a reduction in long-term debt obligations[44]. - The total equity attributable to shareholders of the parent company at the end of the reporting period was CNY 489,356,904.68[127]. - The total equity at the end of the current period increased to CNY 459,011,887.07, reflecting a net increase of CNY 152,798,711.04 during the period[133]. Research and Development - The company obtained 12 new patents in the first half of 2023, including 1 invention patent, 9 utility model patents, and 2 design patents[2]. - Research and development expenses decreased by 12.46% to ¥8,267,483.09, accounting for 5.92% of total revenue[46]. - The company is focused on the development of flexible application customized intelligent modules and PCB products, serving various sectors including consumer electronics and automotive electronics[27][28]. - The company plans to enhance its R&D capabilities and expand its product offerings to mitigate risks associated with market competition and customer dependency[69]. Cash Flow - The net cash flow from operating activities was ¥20,943,792.91, a decline of 24.40% compared to ¥27,704,587.84 in the previous year[23]. - Cash flow from operating activities decreased by 24.40% to ¥20,943,792.91, mainly due to the impact of VAT refunds received in the previous year[58]. - The company reported a significant increase of 205.71% in cash flow from investing activities, totaling ¥46,438,520.28, due to cash management strategies[58]. - Cash inflow from financing activities totaled CNY 29,884,361.11, while cash outflow was CNY 39,133,211.89, leading to a net cash flow of -CNY 9,248,850.78[122]. Dividends and Shareholder Information - The company plans to distribute cash dividends totaling ¥10,588,920.90, based on a distribution of ¥1.5 per 10 shares[34][35]. - The total equity attributable to the parent company at the end of the previous year was CNY 306,213,176.03, with a capital reserve of CNY 183,182,957.38[131]. - The company declared dividends to owners, with cash distributions completed on July 10, 2023[140]. - The top ten shareholders collectively hold 81.9509% of the company's shares, with the largest shareholder, Xue Xinghan, holding 40.4474%[95]. Corporate Governance and Compliance - The company has achieved ISO9001:2015 and ISO14001:2015 certifications, ensuring compliance and operational efficiency across its processes[66]. - The company has initiated the SA8000:2014 social responsibility management system certification and ISO45001:2018 occupational health and safety management system certification projects[67]. - The financial statements were approved by the board of directors on August 14, 2023[145]. - The company has assessed its ability to continue as a going concern and found no significant doubts[147]. Risk Management - The company has implemented various management strategies to enhance operational efficiency and risk management, including the introduction of new digital systems[33]. - The company is implementing strategies to optimize raw material procurement and strengthen supply chain management to mitigate risks from price fluctuations[69]. - The company has a significant reliance on external sales, with overseas customers primarily settling in USD, exposing it to foreign exchange risks due to potential fluctuations in the RMB exchange rate[70]. - The company maintains an average collection period of approximately 45 days for overseas customers to mitigate foreign exchange risks[70]. Employee Information - The total number of employees increased from 704 to 730, representing a growth of approximately 3.7%[105]. - The number of core employees decreased from 67 to 64, indicating a reduction of about 4.5%[107]. - The employee stock ownership plan includes 46 employees holding a total of 828,724 shares, representing 1.1739% of the company's total shares[86].
则成电子(837821) - 2023 Q2 - 季度财报