SCREEN(SH:688053)2025-04-25 17:10Financial Performance - The company reported a half-year revenue of 688053 million RMB for the period from January to June 2024[1]. - The company's operating revenue for the first half of the year was ¥55,593,342.63, a decrease of 49.68% compared to ¥110,472,068.86 in the same period last year[22]. - The net profit attributable to shareholders was -¥2,468,765.76, representing a decline of 106.31% from ¥39,126,578.03 year-on-year[24]. - Basic and diluted earnings per share fell by 106.38% to -¥0.02, reflecting the significant drop in net profit[23]. - The company's net assets attributable to shareholders decreased by 2.60% to ¥1,636,024,881.44 compared to the end of the previous year[22]. - The total assets decreased by 2.66% to ¥1,791,814,178.31 compared to the end of the previous year[22]. - The company's gross margin for 2022, 2023, and the first half of 2024 was 53.97%, 67.85%, and 38.67% respectively, indicating a significant decline in the latest period[103]. - The accounts receivable balance as of June 30, 2024, was 178.77 million yuan, representing 321.56% of the company's revenue, highlighting potential cash flow risks[104]. Risk Factors - The report indicates that the company has described potential risks in the "Management Discussion and Analysis" section, specifically in the "Risk Factors" part[4]. - The decline in revenue was attributed to a temporary decrease in demand for reliability testing in the military industry due to adjustments in equipment orders and personnel changes[24]. - The company is facing risks of operational losses due to a decrease in military industry orders, which has led to a decline in detection order volume[94]. - The company has identified risks related to talent retention, as the competitive landscape for skilled personnel in the military electronic component reliability testing industry is intensifying[99]. - The company is facing a significant decrease in demand for reliability testing orders due to adjustments in military equipment orders and personnel changes in major military groups[91]. Corporate Governance - The board of directors has not proposed any profit distribution plan or capital reserve transfer to increase share capital for this reporting period[6]. - There are no non-operating fund occupations by controlling shareholders or related parties reported[8]. - The report is unaudited, and the responsible persons have declared the financial report's authenticity and completeness[6]. - There are no special arrangements for corporate governance or other significant matters applicable to the company[7]. - The company has not provided any guarantees in violation of regulatory decision-making procedures[8]. - The company has established a governance structure change with the election of a new supervisor, Wu Bing, following the resignation of Ma Yi[129]. - The company has implemented a stock incentive plan effective from February 23, 2023, aimed at motivating key personnel and aligning their interests with shareholders[143]. - The company has confirmed that all commitments regarding the stock incentive plan are being met within the specified timeframe[143]. Research and Development - Research and development expenses accounted for 22.48% of operating revenue, an increase of 11.97 percentage points from the previous year[23]. - The company reported a total R&D expenditure of ¥12,498,270.16, an increase of 7.65% compared to the same period last year[75]. - The number of R&D personnel is 96, accounting for 18.11% of the total workforce, with an average salary of ¥8.18[82]. - The company has developed over 39,000 testing software programs and 24,000 detection adapters, with an increase of 8.3% and 4.3% respectively compared to last year[83]. - The company has obtained 7 invention patents, 4 utility model patents, and 21 software copyrights during the reporting period, enhancing its intellectual property portfolio[72]. Market Position and Strategy - The company operates in the "Testing Services" sector, which is part of the strategic emerging industries encouraged by national policies, with over 54,000 testing institutions in China as of the end of 2022[30]. - The military electronic components reliability testing service constitutes the largest share of the company's main business, emphasizing its importance in national defense modernization[33]. - The company aims to enhance reliability testing capabilities in line with national strategies, contributing to the development of high-quality manufacturing[31]. - The company is positioned to provide testing services for key core products in the electronics sector, including high-end chips and automotive components[31]. - The company has established a strong client base, including major military industrial groups such as China Aerospace Science and Technology Corporation and China Shipbuilding Industry Corporation[46]. Environmental and Social Responsibility - The company has established an environmental protection mechanism and complies with relevant laws and regulations[136]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[135]. - The company has reported a total investment of 0.7 million yuan in environmental protection during the reporting period[134]. - The company has emphasized the importance of environmental protection as part of its sustainable development strategy[136]. Shareholding and Financial Commitments - The actual controller holds 56.73% of the company's shares, which raises concerns about potential improper control affecting minority shareholders[110]. - The company commits to not transferring or managing its pre-IPO shares for 36 months following the IPO[145]. - The company guarantees that all statements and commitments regarding shareholding are true, accurate, and complete, with no omissions[146]. - The company will not reduce its shares if it is involved in significant legal violations that could lead to delisting[149]. - The company will ensure compliance with all relevant laws regarding shareholding and reduction commitments[151].