Financial Performance - The company achieved operating revenue of ¥234,646,515.07, representing a year-on-year growth of 6.85%[38]. - The net profit attributable to shareholders reached ¥34,495,377.89, an increase of 24.76% compared to the previous year[38]. - The gross profit margin decreased to 22.53% from 24.91% in the previous year[27]. - The net profit for the period was ¥34,495,377.89, a 24.76% increase from ¥27,648,971.74 in the previous year[47]. - Total operating revenue for the first half of 2022 reached ¥234,646,515.07, an increase of 6.4% compared to ¥219,600,949.96 in the same period of 2021[140]. - Net profit for the first half of 2022 was ¥34,495,377.89, representing a growth of 24.5% from ¥27,648,971.74 in the first half of 2021[142]. - Total comprehensive income for the first half of 2022 was ¥29,130,334.27, compared to ¥5,807,026.18 in the first half of 2021, showing strong overall performance[145]. Assets and Liabilities - Total assets increased by 4.74% to ¥817,611,710.84, while total liabilities rose by 4.24% to ¥302,830,080.99[28]. - The company's total assets increased significantly, reflecting ongoing market expansion and investment strategies[144]. - Total current assets decreased to CNY 470,175,504.69 from CNY 484,705,481.76, a decline of approximately 3.3%[134]. - Total non-current assets increased to CNY 347,436,206.15 from CNY 295,934,327.74, an increase of about 17.4%[135]. - Total liabilities rose to CNY 302,830,080.99 from CNY 290,521,957.54, an increase of approximately 4.4%[135]. Cash Flow - The net cash flow from operating activities was ¥20,271,489.58, a decline of 11.38% year-on-year[29]. - Cash and cash equivalents decreased by 60.07% to ¥92,101,537.53, primarily due to payments for the construction and equipment of the "annual production of 1 billion ultra-small, high-precision SMD quartz crystal resonators project" and cash management activities[43]. - The net cash flow from investing activities showed a significant decline of 379.84%, totaling -¥170,957,261.40, primarily due to payments for equipment and projects[57]. - The cash inflow from financing activities decreased to ¥21,000,000.00 from ¥30,234,617.70 year-over-year[149]. - The company experienced a net decrease in cash and cash equivalents of ¥142,698,074.08 during the first half of 2022[149]. Research and Development - The company has invested significantly in R&D, focusing on new products and technologies to maintain competitive advantages in the market[11]. - Research and development expenses rose by 49.69% to ¥13,284,773.53, driven by increased investment in the development of tuning fork resonators and ultra-small high-frequency resonators[48]. - The company is enhancing its R&D capabilities to meet the evolving demands of emerging technologies like 5G and IoT[72]. - The company completed the planning and design of the R&D center building and has begun procuring some R&D equipment[115]. Market and Competition - The company has a high market share in packaging materials, but there is a risk of decline due to potential competition from other companies entering the market[13]. - The quartz crystal oscillator market is expected to see growth driven by the development of the IoT and communication industries[39]. - The average selling price of the company's main products has been declining, which could negatively impact gross margins if costs do not decrease proportionately[12]. Shareholder and Equity Information - The company distributed a cash dividend of 1.8 RMB for every 10 shares and increased the total share capital to 76,468,000 shares after a 4-for-10 stock bonus[7]. - The largest shareholder, Hou Shiyi, increased his holdings from 20,983,000 shares to 29,376,200 shares, now holding 38.42% of the company[105]. - The company has a total of 9,395 common shareholders at the end of the reporting period[101]. - The total amount raised from the public offering in October 2021 was RMB 250.25 million, with a net amount of RMB 228.27 million after deducting issuance costs[114]. Operational Efficiency - The company has completed the design plan for the R&D center construction project[7]. - The company has maintained good relationships with customers and suppliers, fulfilling its social responsibilities[67]. - The company has established a comprehensive quality assurance system, with no major product quality disputes reported during the period[75]. Risks and Challenges - The company is facing risks related to declining product prices, which could adversely affect gross margins and operating performance[69]. - The actual controller holds 72.38% of the voting rights, which poses a risk of improper control over the company's operations and finances[13]. - The company is actively managing raw material price risks by comparing prices from multiple suppliers and monitoring market trends[71].
晶赛科技(871981) - 2022 Q2 - 季度财报