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信测标准(300938) - 2025 Q2 - 季度财报
EMTEKEMTEK(SZ:300938)2025-08-15 11:35

Important Notes, Table of Contents, and Definitions Important Notes The board, supervisory board, and senior management affirm the report's integrity, while the company plans no semi-annual profit distribution - The company's board of directors, supervisory board, and senior management commit to the truthfulness, accuracy, and completeness of the semi-annual report content4 - The company's head, chief accountant, and head of accounting department declare the financial report is true, accurate, and complete4 - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital5 Table of Contents This section outlines the report's eight main chapters, covering key areas from company profile to financial statements List of Documents for Inspection This section lists documents available for inspection, including signed financial statements and the original semi-annual report, located at the board office - Documents for inspection include signed financial statements, original drafts of publicly disclosed documents, and the original semi-annual report text91011 - All documents for inspection are kept at the company's board of directors' office13 Definitions This section defines key terms, including company entities, regulations, and industry-specific acronyms, for clear report comprehension - The report defines basic organizational structures such as the company, shareholders' meeting, board of directors, and supervisory board14 - Multiple subsidiary names are listed, such as Shanghai EMTEK, Hong Kong EMTEK, Suzhou EMTEK, etc14 - Professional terms in the inspection and testing industry are explained, including CMA (Accreditation for Inspection and Testing Institutions), RoHS (Restriction of Hazardous Substances in Electrical and Electronic Equipment), REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals), and EMC (Electromagnetic Compatibility)1416 Company Profile and Key Financial Indicators Company Profile Shenzhen EMTEK Standard Technology Service Co., Ltd. (300938) is a Shenzhen Stock Exchange-listed company providing inspection and testing services Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | EMTEK Standard | | Stock Code | 300938 | | Listed Stock Exchange | Shenzhen Stock Exchange | | Chinese Name | Shenzhen EMTEK Standard Technology Service Co., Ltd. | | Legal Representative | Lü Jiezhong | Contact Person and Contact Information This section provides contact details for Board Secretary Zhang Xu, facilitating investor communication Board Secretary Contact Information | Name | Zhang Xu | | :--- | :--- | | Contact Address | Building 601, Block 11A, Shenzhen Bay Science and Technology Ecological Park, Nanshan District, Shenzhen | | Phone | 0755-86537785 | | Fax | 0755-26954282 | | Email | emtek@emtek.com.cn | Other Information The company's basic information remained unchanged, while the 2024 profit distribution and capital reserve conversion increased total share capital - The company's registered address, office address, website, email, information disclosure and inspection locations, and registration status remained unchanged during the reporting period212223 - The company's 2024 annual equity distribution plan was: based on 161,408,514 shares, a cash dividend of RMB 4.00 (tax inclusive) per 10 shares was distributed, totaling RMB 64,563,405.60 (tax inclusive)24 - Concurrently, 4 shares per 10 shares were converted from capital reserves, totaling 64,563,405 shares, increasing the company's total share capital to 228,987,960 shares after the conversion24 Key Accounting Data and Financial Indicators Operating revenue grew 1.35% to RMB 372 million, net profit increased 2.40% to RMB 95.01 million, while operating cash flow declined 28.21% Key Accounting Data and Financial Indicators (Consolidated Statements) | Indicator | Current Period (RMB) | Prior Year Same Period (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 372,104,990.35 | 367,145,176.61 | 1.35% | | Net Profit Attributable to Shareholders | 95,011,143.93 | 92,786,127.49 | 2.40% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 88,757,507.87 | 85,738,317.86 | 3.52% | | Net Cash Flow from Operating Activities | 61,695,731.61 | 85,944,505.26 | -28.21% | | Basic Earnings Per Share (RMB/share) | 0.4276 | 0.4279 | -0.07% | | Diluted Earnings Per Share (RMB/share) | 0.3971 | 0.3765 | 5.47% | | Weighted Average Return on Net Assets | 6.73% | 7.59% | -0.86% | | Period-End (RMB) | Prior Year-End (RMB) | Period-End vs. Prior Year-End Change | | Total Assets | 2,061,682,827.42 | 2,048,322,561.39 | 0.65% | | Net Assets Attributable to Shareholders | 1,495,300,639.10 | 1,183,757,141.05 | 26.32% | - From the end of the reporting period to the disclosure date of the semi-annual report, share capital changed due to capital reserve conversions and convertible bond conversions, affecting the amount of owners' equity25 Differences in Accounting Data under Domestic and Overseas Accounting Standards The company reported no differences in net profit or net assets between domestic and international accounting standards during the period - The company reported no differences in net profit and net assets in financial reports disclosed under International Accounting Standards compared to Chinese Accounting Standards during the reporting period27 - The company reported no differences in net profit and net assets in financial reports disclosed under overseas accounting standards compared to Chinese Accounting Standards during the reporting period28 Non-recurring Gains and Losses and Amounts Total non-recurring gains and losses were RMB 6.25 million, mainly from government subsidies and fair value changes Non-recurring Gains and Losses and Amounts | Item | Amount (RMB) | | :--- | :--- | | Disposal Gains/Losses on Non-current Assets | -258,859.43 | | Government Grants Recognized in Current Profit or Loss (Excluding those with continuous impact) | 4,547,163.71 | | Fair Value Change Gains/Losses and Disposal Gains/Losses from Financial Assets and Liabilities Held by Non-financial Enterprises | 2,989,220.89 | | Other Non-operating Income and Expenses | 191,406.89 | | Less: Income Tax Impact | 1,089,214.10 | | Impact on Minority Interests (After Tax) | 126,081.90 | | Total | 6,253,636.06 | - The company does not classify non-recurring gains and losses items listed in "Interpretive Announcement No. 1 on Information Disclosure by Companies Issuing Securities to the Public—Non-recurring Gains and Losses" as recurring gains and losses3132 Management Discussion and Analysis Company's Main Business Activities During the Reporting Period The company's core business, unchanged, includes testing services across diverse sectors and testing equipment manufacturing, with strong market influence - The company's main business has not changed, divided into two major segments: testing services and testing equipment manufacturing39 - Testing services include automotive testing, electronics and electrical product testing, daily consumer goods testing, and health and environmental testing39 - The company has established eight major testing bases in the economically active Central-South and East China regions, providing testing, certification, and technical consulting services39 Industry Development Overview China's inspection and testing industry grew 4.41% to RMB 487.597 billion in 2024, driven by consolidation and emerging sectors - In 2024, the inspection and testing service industry achieved an annual operating revenue of RMB 487.597 billion, a year-on-year increase of 4.41%34 - The number of inspection and testing institutions decreased for the first time to 53,057, a year-on-year decrease of 1.44%, but operating revenue of institutions above designated size increased by 5.60% year-on-year, indicating a trend of industry consolidation3436 - Revenue from inspection and testing services in emerging sectors (electronics and electrical, machinery, material testing, software and information technology) increased by 4.24% year-on-year, higher than the 2.27% growth rate in traditional sectors35 Company's Main Business, Products, and Applications During the Reporting Period The company's diverse services span automotive, electronics, consumer goods, and environmental testing, alongside testing equipment manufacturing and robotics for intelligent solutions - Automotive testing focuses on Design Verification (DV) tests and Production Validation (PV) tests, offering "one-stop" services4041 - Electronics and electrical product testing covers electromagnetic compatibility (EMC), safety, chemical, reliability, optoelectronic performance, etc., holding CBTL qualifications and multiple international accreditations5455 - Subsidiary Sansi Zongheng is a leading professional manufacturer of material mechanics testing and inspection solutions in China, providing a full range of mechanical testing equipment6667 - The newly established subsidiary, EMTEK Standard (Suzhou) Robotics Technology Co., Ltd., aims to leverage robotics technology to promote intelligence and automation in the testing industry68 Company's Business Model The company's direct sales model provides "one-stop" testing services, leveraging its market share and technical advantages in automotive and electronics sectors - The company's business model involves accepting client commissions, applying scientific methods and professional testing techniques to test samples, issuing test results, and charging service fees69 - The procurement model includes purchasing testing instruments, equipment, and consumables, as well as cooperative service procurement for areas beyond the company's qualifications or capabilities72 - The sales model is direct sales, covering regions through subsidiaries and marketing outlets, adopting market-based pricing73 - The company holds a significant market share and strong market influence in the automotive and electronics and electrical testing sectors, providing "one-stop" integrated testing services7374 Analysis of Core Competencies The company's core strengths lie in its brand, R&D, talent, efficient services, and strategic regional presence, supporting sustainable growth - The company holds multiple domestic and international accreditations such as CNAS, CMA, A2LA, FCC, VCCI, CPSC, ISTA, and CCS, ensuring international credibility of its testing reports75 - The company consistently holds the "National High-tech Enterprise" title, possessing 171 valid patents and 43 computer software copyrights, demonstrating outstanding technological R&D capabilities77 - The company has established a dual-channel career development mechanism and the "EMTEK Standard Management Academy" platform, emphasizing talent development and team stability78 - The company achieves rapid market response and efficient testing services through its informatized testing system and professional, efficient testing processes, particularly excelling in shortening automotive R&D cycles79 - The company focuses on the economically developed Central-South and East China regions, possessing 9 key laboratory sites and a nationwide marketing network, with a strong market foundation and client resources80 Analysis of Main Business Operating revenue grew 1.35% to RMB 372 million, with varied performance across segments: automotive and electronics testing revenue increased, while testing equipment revenue declined Key Financial Data Year-on-Year Changes | Indicator | Current Period (RMB) | Prior Year Same Period (RMB) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 372,104,990.35 | 367,145,176.61 | 1.35% | Sales growth | | Operating Cost | 146,316,107.18 | 149,591,352.79 | -2.19% | Decrease in revenue share from lower-margin testing equipment | | Selling Expenses | 57,661,749.21 | 50,686,323.53 | 13.76% | Macroeconomic changes, increased market development efforts | | Administrative Expenses | 24,992,628.78 | 27,039,896.55 | -7.57% | Some assets fully depreciated/amortized, reduced equity incentive expenses | | Financial Expenses | 2,314,519.12 | 1,052,922.89 | 119.82% | Capitalization of assets from convertible bond projects, increased expensed interest | | R&D Investment | 32,693,510.64 | 30,071,752.13 | 8.72% | Increased R&D efforts | | Net Cash Flow from Operating Activities | 61,695,731.61 | 85,944,505.26 | -28.21% | Increase in operating payments | | Net Cash Flow from Investing Activities | -8,992,569.38 | 43,3