Financial Performance - The company reported a revenue of ¥165,677,074.86 for the current period, a decrease of 17.87% compared to ¥201,722,339.66 in the same period last year[20]. - The net profit attributable to shareholders was ¥22,027,933.91, down 49.54% from ¥43,657,234.79 in the previous year[20]. - The gross profit margin decreased to 36.90% from 40.95% year-on-year[20]. - The weighted average return on equity based on net profit attributable to shareholders was 4.22%, down from 28.67% in the previous year[20]. - Revenue declined by 17.87% to ¥165,677,074.86, compared to a growth of 63.81% in the same period last year[23]. - Net profit fell by 49.84% to ¥22,027,933.91, down from a growth of 44.06% in the previous year[23]. - The company achieved a non-recurring profit of ¥5,273,649.44 after tax, with total non-recurring gains amounting to ¥6,197,150.80[24]. - The company reported a net cash flow from operating activities of ¥7,743,683, a decrease of 65.16% compared to ¥22,229,341 in the same period last year[22]. - Other business income increased by 167.76% to CNY 3.37 million, compared to CNY 1.26 million in the previous year[40]. - The company’s overseas revenue decreased by 43.08% to CNY 49.16 million, impacted by weak global economic recovery and reduced consumer willingness[44]. Asset Management - The total assets at the end of the current period were ¥590,557,409.71, a decrease of 3.48% from ¥611,828,316.57 at the end of the previous year[21]. - Total assets decreased by 3.48%, down from a growth rate of 20.78% in the previous year[23]. - Cash and cash equivalents increased by 44.35% to ¥105,950,506.08, compared to ¥73,395,855 in the previous year[31]. - Accounts receivable at the end of the reporting period amounted to CNY 42.72 million, an increase of CNY 10.85 million, or 34.04%, primarily due to sales payments not yet settled within the credit period[32]. - Current assets totaled ¥494,949,499.88 as of June 30, 2023, down from ¥552,691,028.72 on December 31, 2022, representing a decrease of approximately 10.4%[92]. - Total liabilities decreased to ¥87,854,977.75 from ¥93,872,251.73, a reduction of about 6.8%[94]. - Total equity attributable to shareholders decreased to ¥501,582,490.39 from ¥517,956,064.84, a decline of approximately 3.2%[94]. - Non-current assets increased to ¥95,607,909.83 from ¥59,137,287.85, representing an increase of approximately 61.5%[93]. Strategic Initiatives - The company established a new subsidiary, Dongguan Beilukang Electronic Technology Co., Ltd., on April 6, 2023, to enhance its upstream supply chain[2]. - The company plans to implement a dual-brand strategy combining ODM and its own brand "beoka" to enhance market presence and customer engagement[28]. - The company is focused on enhancing its market position and competitive strength through strategic investments and acquisitions[52]. - The company plans to optimize online brand promotion strategies and explore new sales channels to mitigate risks[54]. - The company has initiated a share repurchase plan to enhance shareholder value and support employee stock ownership plans, reflecting confidence in future growth[60]. - The company plans to enhance product promotion and development to align with consumer trends and preferences, aiming to expand market share[56]. - The company anticipates continued growth in the rehabilitation and therapy equipment manufacturing industry, driven by advancements in artificial intelligence and personalized rehabilitation needs[29]. Research and Development - The company holds a total of 140 new patents during the reporting period, including 1 domestic invention patent and 40 domestic utility model patents[2]. - Research and development expenses increased to CNY 11,250,003.34 from CNY 9,331,953.01, indicating a focus on innovation and new product development[101]. - The company has not reported any significant research and development expenditures or asset impairment losses during the reporting period[121]. Shareholder Information - The company completed the distribution of 19,459,800 shares as stock dividends and paid cash dividends totaling ¥38,919,600.00 on May 11, 2023[2]. - The total number of ordinary shares increased to 68,109,800 shares after a distribution of 19,459,800 shares during the reporting period[72]. - The largest shareholder, Zhang Wen, holds 38,415,283 shares, representing 56.40% of the total shares[74]. - The company’s public shareholder ratio is currently 25.0031%, which will decrease to 23.97% if the maximum repurchase is completed[61]. Risk Management - The company anticipates risks related to macroeconomic conditions affecting consumer spending and demand for high-quality products[54]. - The company has implemented measures to protect its intellectual property and mitigate risks associated with potential infringements[57]. - The company has not reported any major changes in significant risks during the period, suggesting a stable risk management environment[57]. Operational Efficiency - The company is focused on improving operational efficiency and cost competitiveness through better management practices and market expansion strategies[56]. - The company has established a multi-dimensional sales network covering various regions and international markets, including the US, EU, Japan, and South Korea[26]. Legal and Compliance - There are no significant litigation or arbitration matters reported during the period, indicating a stable legal environment for the company[60]. - The company has no outstanding preferred shares or convertible bonds as of the reporting date[77]. - The company has not experienced any changes in related party relationships or the scope of consolidated financial statements[120].
倍益康(870199) - 2023 Q2 - 季度财报