维海德(301318) - 2025 Q2 - 季度财报

Important Notice, Table of Contents, and Definitions This chapter presents essential disclaimers, outlines the report's structure, lists reference documents, and defines key terms Important Notice The company's board, supervisors, and senior management guarantee the report's accuracy and completeness, while outlining profit distribution plans - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, assuming individual and joint legal responsibility[3] - Company head Chen Tao, chief accountant Wu Wenjuan, and head of accounting department Wu Wenjuan declare that the financial report in this semi-annual report is true, accurate, and complete[3] - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital[4] Table of Contents This section lists the report's eight main chapters, covering company profile, management discussion, governance, and financial reports - The main chapters of the report include Company Profile and Key Financial Indicators, Management Discussion and Analysis, Corporate Governance, Environment and Society, Significant Matters, Share Changes and Shareholder Information, Bond-Related Information, and Financial Report[6] List of Reference Documents Reference documents include signed financial statements, publicly disclosed company files, and the original semi-annual report, available at the board office - Reference documents include financial statements signed and sealed by the company head, chief accountant, and head of the accounting department[8] - Originals of all company documents and announcements publicly disclosed during the reporting period[9] - Original 2025 semi-annual report signed by the company's legal representative and sealed by the company[10] Definitions This section defines common terms, including company names, subsidiaries, related entities, key technologies, and reporting periods - "Company," "the Company," and "ValueHD" refer to Shenzhen ValueHD Technology Co., Ltd[14] - SoC refers to System on Chip, FPGA to Field Programmable Gate Array, ISP to Image Signal Processing, and AI to Artificial Intelligence[14] - The reporting period refers to January 1, 2025, to June 30, 2025, and the prior period refers to January 1, 2024, to June 30, 2024[14] Company Profile and Key Financial Indicators This chapter provides an overview of the company, its contact information, and key financial performance metrics for the reporting period Company Profile Shenzhen ValueHD Technology Co., Ltd. (stock code: 301318) is listed on the Shenzhen Stock Exchange, with Chen Tao as legal representative - The company's stock abbreviation is ValueHD, stock code 301318, listed on the Shenzhen Stock Exchange[16] - The company's legal representative is Chen Tao, Chinese name Shenzhen ValueHD Technology Co., Ltd., foreign name ValueHD Corporation[16] Contact Person and Information The company's board secretary is Yang Ying, securities representative is Wang Hui, with contact details in Shenzhen - The board secretary is Yang Ying, and the securities affairs representative is Wang Hui[17] - Contact address: 2-3rd Floor, Honghui Industrial Park, Xin'an Street, Bao'an District, Shenzhen; Tel/Fax: 0755-84528267; Email: vhd@vhd.com.cn[17] Other Information During the reporting period, the company's contact information, disclosure, and registration status remained unchanged - The company's registered address, office address, website, and email address remained unchanged during the reporting period[18] - Information disclosure and storage locations remained unchanged during the reporting period[19] - The company's registration status remained unchanged during the reporting period[20] Key Accounting Data and Financial Indicators Revenue grew by 38.37%, net profit by 24.69%, and operating cash flow by 401.63%; total assets slightly decreased, while net assets increased Key Accounting Data and Financial Indicators (Current Period vs. Prior Period) | Indicator | Current Period (Yuan) | Prior Period (Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 355,849,189.58 Yuan | 257,163,653.88 Yuan | 38.37% | | Net Profit Attributable to Shareholders of Listed Company | 65,970,230.07 Yuan | 52,905,784.93 Yuan | 24.69% | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-Recurring Gains and Losses | 54,571,080.37 Yuan | 45,373,720.71 Yuan | 20.27% | | Net Cash Flow from Operating Activities | 67,654,630.94 Yuan | 13,486,988.62 Yuan | 401.63% | | Basic Earnings Per Share (Yuan/share) | 0.49 | 0.48 | 2.08% | | Diluted Earnings Per Share (Yuan/share) | 0.49 | 0.48 | 2.08% | | Weighted Average Return on Net Assets | 3.56% | 2.97% | 0.59% | | Current Period End vs. Prior Year End | | | | | Total Assets | 2,039,731,632.55 Yuan | 2,086,705,700.21 Yuan | -2.25% | | Net Assets Attributable to Shareholders of Listed Company | 1,853,148,219.75 Yuan | 1,833,407,440.08 Yuan | 1.08% | Differences in Accounting Data under Domestic and Overseas Accounting Standards No differences exist in net profit and net assets between domestic and international accounting standards during the reporting period - The company had no differences in net profit and net assets between financial reports disclosed under International Accounting Standards and Chinese Accounting Standards during the reporting period[22] - The company had no differences in net profit and net assets between financial reports disclosed under overseas accounting standards and Chinese Accounting Standards during the reporting period[23] Non-Recurring Gains and Losses Items and Amounts Non-recurring gains totaled 11,399,149.70 Yuan, mainly from government grants, investment income, and supplier deductions Non-Recurring Gains and Losses Items and Amounts | Item | Amount (Yuan) | Explanation | | :--- | :--- | :--- | | Government grants included in current profit/loss (excluding those closely related to the company's normal operations, compliant with national policies, enjoyed according to determined standards, and having a continuous impact on the company's profit/loss) | 4,528,044.95 Yuan | Primarily other government grants in other income, excluding software tax refunds | | Fair value change gains/losses from holding financial assets and financial liabilities, and gains/losses from disposal of financial assets and financial liabilities by non-financial enterprises, excluding effective hedge accounting related to normal business operations | 8,495,346.27 Yuan | Primarily investment income | | Other non-operating income and expenses apart from the above items | 456,889.71 Yuan | Primarily supplier quality deductions and scrap sales revenue | | Less: Income tax impact | 2,027,059.41 Yuan | | | Minority interest impact (after tax) | 54,071.82 Yuan | | | Total | 11,399,149.70 Yuan | | - The company has no other profit and loss items that meet the definition of non-recurring gains and losses, nor does it classify non-recurring gains and losses as recurring gains and losses[26] Management Discussion and Analysis This chapter analyzes the company's main business, industry trends, core competencies, financial performance, investment activities, and risks Company's Main Business Activities During the Reporting Period The company specializes in R&D, production, and sales of HD/UHD audio-video communication equipment, leveraging ODM, own brands, and national policies Company's Main Business Operations Main business involves R&D, production, and sales of HD/UHD video conferencing equipment, driven by ODM, own brands, and national policies - The company primarily engages in the R&D, production, sales, and related technical