Financial Performance - The company's operating revenue for the first half of 2023 was ¥167,383,722.60, a decrease of 28.67% compared to ¥234,646,515.07 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was a loss of ¥4,365,890.21, representing a decline of 112.66% from a profit of ¥34,495,377.89 in the previous year[25]. - The gross profit margin decreased to 9.29% from 22.53% year-on-year[25]. - Operating revenue declined by 28.67% year-on-year, totaling 167,383,722.60 CNY[34]. - Net profit decreased by 112.66%, resulting in a loss of 4,365,890.21 CNY attributed to shareholders of the listed company[34]. - Main business income dropped by 26.64% to 155,873,787.18 yuan, while other business income fell by 48.07% to 11,509,935.42 yuan[46]. - Operating income from quartz crystal oscillators decreased by 19.11%, with a gross margin reduction of 17.60 percentage points[48]. - The company reported a total of 14,000,000.00 in structured deposits linked to exchange rates for the period ending March 31, 2023[61]. Assets and Liabilities - The total assets at the end of the reporting period were ¥780,094,696.15, down 4.19% from ¥814,188,627.59 at the end of the previous year[26]. - The total liabilities decreased by 5.50% to ¥274,361,808.60 from ¥290,325,609.83 year-on-year[26]. - The company's accounts receivable at the end of the reporting period amounted to ¥81,572,808.41, indicating a significant amount that could adversely affect financial performance if not managed effectively[8]. - The company's inventory value at the end of the reporting period was ¥92,115,641.43, which poses a risk of impairment if product competitiveness declines[9]. - The equity attributable to shareholders decreased from ¥523,863,017.76 to ¥505,732,887.55, a decrease of about 3.46%[118]. Cash Flow - The net cash flow from operating activities increased by 104.09% to ¥41,372,039.22 compared to ¥20,271,489.58 in the same period last year[26]. - Cash and cash equivalents increased by 161.85% to 128,280,368.23 CNY, improving liquidity[39]. - Cash flow from operating activities generated a net amount of approximately ¥41.37 million in the first half of 2023, an increase of 104.8% compared to ¥20.27 million in the first half of 2022[130]. - The net cash flow from investing activities rose by 145.86% compared to the previous period, attributed to the redemption of structured deposits from idle raised funds[55]. - The cash outflow from financing activities was $65,797,203.83, up from $36,372,643.06 in the previous period[133]. Research and Development - R&D expenses decreased by 37.03% to 8,365,519.76 yuan, primarily due to reduced investment in previous projects[44]. - The company has made breakthroughs in the development of new products such as RTC temperature-compensated oscillators and 2012 tuning fork chips[34]. - The company is committed to maintaining a strong focus on R&D to meet the evolving demands of the market, particularly in the context of emerging technologies like 5G and IoT[73]. Market and Competition - The company has expanded its market presence in IoT, automotive electronics, and optical communication sectors, despite facing increased competition and declining sales prices[35]. - The company is facing risks related to declining product prices and rising raw material costs, which could adversely affect gross margins and overall performance[73]. - The company anticipates a potential increase in order volume from new clients in high-end networking equipment and automotive electronics, which may positively impact future performance[70]. Investments and Future Plans - The company plans to invest in new projects, including a production line for 240 million TF tuning fork crystals and a TCXO temperature-compensated crystal oscillator project[5]. - The company plans to continue its focus on cash management and investment strategies to support future growth[55]. - The company has a strategy to enhance customer service and accelerate market development to address the risk of acquiring new customers[5]. Governance and Compliance - The actual controller holds 72.38% of the voting rights, which could lead to potential governance risks if misused[11]. - The company has not faced any administrative penalties related to environmental protection during the reporting period[68]. - The company has not experienced any significant impact on operations due to the restricted assets, as they are primarily used for bank loans and guarantees[92]. Shareholder Information - The company has a total of 76,468,000 shares outstanding, with 51.00% held by controlling shareholders and actual controllers[95]. - Major shareholders include Hou Shiyi with 29,376,200 shares (38.42%) and Hou Xue with 20,581,680 shares (26.92%)[98]. - The company distributed a total cash dividend of RMB 13,764,240.00, amounting to RMB 1.80 per 10 shares for a total of 76,468,000 shares[148].
晶赛科技(871981) - 2023 Q2 - 季度财报