光莆股份(300632) - 2025 Q2 - 季度财报

Part I Important Notice, Table of Contents, and Definitions Important Notice The Board of Directors, Supervisory Committee, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content, assuming legal responsibility - The company's Board of Directors, Supervisory Committee, and senior management guarantee the truthfulness, accuracy, and completeness of the report content[3] - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital[4] Table of Contents This section outlines the report's overall structure, covering company profile, management discussion and analysis, corporate governance, significant matters, share changes, bond-related information, and financial reports Definitions This section defines common terms and company-related entities used in the report, including company abbreviations, regulatory bodies, subsidiary names, accounting periods, and technical terms like LED, FPC, and sensor packaging - The reporting period is defined as January 1, 2025 to June 30, 2025[10] - The company's wholly-owned subsidiaries include Xiamen Aipusheng Electronics Technology Co., Ltd., Gopo (Hong Kong) Co., Ltd., and Xiamen Fenghong Lighting Co., Ltd[9] Part II Company Profile and Key Financial Indicators I. Company Profile This section introduces the basic information of Xiamen Gopo Electronics Co., Ltd., including stock abbreviation, stock code, listing exchange, and legal representative Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Gopo Shares | | Stock Code | 300632 | | Listing Exchange | Shenzhen Stock Exchange | | Chinese Name | Xiamen Gopo Electronics Co., Ltd. | | Legal Representative | Lin Guobiao | II. Contact Person and Contact Information This section provides the contact information for the company's Board Secretary and Securities Affairs Representative, including name, address, phone, fax, and email Contact Information | Position | Name | Address | Phone | Fax | Email | | :--- | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Zhang Jinyan | No. 1800-1812 Min'an Avenue, Xiang'an Industrial Zone, Torch High-tech Zone, Xiamen | 0592-5625818 | 0592-5625818 | gp@gpelec.cn | | Securities Affairs Representative | Luo Yuan | No. 1800-1812 Min'an Avenue, Xiang'an Industrial Zone, Torch High-tech Zone, Xiamen | 0592-5625818 | 0592-5625818 | gp@gpelec.cn | III. Other Information During the reporting period, there were no changes in the company's contact information, information disclosure and storage locations, or registration status, with details available in the 2024 Annual Report - The company's registered address, office address, website, and email remained unchanged during the reporting period[14] - Information disclosure and storage locations remained unchanged during the reporting period[15] - The company's registration status remained unchanged during the reporting period[16] IV. Key Accounting Data and Financial Indicators During the reporting period, the company's operating revenue decreased by 4.73% year-over-year, net profit attributable to shareholders of the listed company significantly dropped by 55.75%, and non-recurring net profit decreased by 76.24%; net cash flow from operating activities turned negative, total assets increased, but net assets attributable to shareholders of the listed company slightly decreased Key Accounting Data and Financial Indicators (Consolidated Statements) | Indicator | This Reporting Period | Prior Year Period | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue (yuan) | $400.82 million | $420.73 million | -4.73% | | Net Profit Attributable to Shareholders of the Listed Company (yuan) | $20.07 million | $45.36 million | -55.75% | | Net Profit Attributable to Shareholders of the Listed Company After Deducting Non-Recurring Gains and Losses (yuan) | $3.87 million | $16.31 million | -76.24% | | Net Cash Flow from Operating Activities (yuan) | -$20.98 million | $1.51 million | -1,486.73% | | Basic Earnings Per Share (yuan/share) | 0.0658 | 0.1486 | -55.72% | | Diluted Earnings Per Share (yuan/share) | 0.0658 | 0.1486 | -55.72% | | Weighted Average Return on Net Assets | 1.13% | 2.39% | -1.26% | | Indicator | Period-End | Prior Year-End | Period-End vs. Prior Year-End Change | | :--- | :--- | :--- | :--- | | Total Assets (yuan) | $2.54 billion | $2.39 billion | 6.25% | | Net Assets Attributable to Shareholders of the Listed Company (yuan) | $1.76 billion | $1.77 billion | -0.29% | V. Differences in Accounting Data Under Domestic and Overseas 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 or overseas accounting standards and Chinese Accounting Standards - 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[18] - 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[19] VI. Non-Recurring Gains and Losses Items and Amounts During the reporting period, the company's total non-recurring gains and losses amounted to $16.20 million, primarily from gains/losses on entrusted investments, fair value changes, and government grants, while also incurring losses from the disposal of non-current assets Non-Recurring Gains and Losses Items and Amounts | Item | Amount (yuan) | | :--- | :--- | | Gains and losses on disposal of non-current assets | -$0.68 million | | Government grants included in current profit and loss (excluding those related to ongoing operations) | $1.24 million | | Gains and losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, and disposal gains and losses | $4.05 million | | Gains and losses from entrusted investments or asset management | $15.52 million | | Other non-operating income and expenses apart from the above | -$0.55 million | | Less: Income tax impact | $3.09 million | | Impact on minority interests (after tax) | $0.28 million | | Total | $16.20 million | Part III Management Discussion and Analysis I. Main Business Activities of the Company During the Reporting Period The company is a technology-driven high-tech enterprise focused on semiconductor optical sensing technology, with businesses spanning semiconductor optical integrated sensors, optical applications, new materials, and medical aesthetic services. The company strategically focuses on the sensor field, committed to domestic substitution and innovative application scenarios, and continuously building a closed-loop industry chain. Its main products and services are widely used in robotics, drones, intelligent driving, consumer electronics, smart lighting, and new energy sectors - The company's core driver is semiconductor optical sensing technology, with businesses covering semiconductor optical integrated sensors, optical applications, and new materials[24] - The company strategically focuses on the sensor field, prioritizing semiconductor optical sensing integrated packaging and testing, smart sensor modules, and innovative sensor application scenarios to achieve domestic substitution and independent control[24] - The company's main businesses include optical sensing integrated packaging and testing, semiconductor professional lighting and smart lighting, digital and low-carbon energy management, new materials, and medical aesthetic services[27] (I) Industry Overview China's sensor market continues to grow, projected to reach $579.34 billion in 2027, with the optoelectronic IC integrated sensor market expected to exceed $160 billion in 2025. Sensor technology is rapidly penetrating energy management, smart manufacturing, new energy vehicles, and smart healthcare. The lighting industry is evolving towards intelligence, green energy efficiency, cross-industry integration, and is expected to surpass $820 billion in market size by 2025. FPC output is projected to grow by 3.6% in 2025, and the 5G transparent film antenna market has a CAGR of 18.79% China Sensor Market Size and Forecast | Indicator | 2024 Market Size (billion yuan) | Year-over-Year Growth | 2027 Forecast (billion yuan) | | :--- | :--- | :--- | :--- | | Total Sensor Market Size | $406.12 billion | 11.4% | $579.34 billion | | Optoelectronic IC Integrated Sensor Market Size | $135.6 billion | 14.05% | $160 billion (2025) | - The future development trends of the lighting industry will feature intelligence, green energy efficiency, cross-industry integration, personalized customization, and technological innovation, with China's lighting appliance market size expected to exceed $820 billion by 2025[31] - FPC flexible board output is projected to grow by 3.6% to $12.954 billion in 2025, with a compound annual growth rate of 4.5% from 2024-2029[34] (II) Company's Industry Position The company enjoys widespread brand recognition in the industry due to its