山东威达(002026) - 2025 Q2 - 季度财报

Important Notice, Table of Contents, and Definitions Important Notice The Board of Directors, Supervisory Board, and senior management guarantee the report's accuracy and completeness, advising investors of risks, with no semi-annual dividend or capital reserve conversion planned - The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the report content and assume legal responsibility[4] - Forward-looking statements regarding future plans in the report do not constitute substantive commitments, and investors should be aware of investment risks[5] - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital[6] Table of Contents The report's table of contents clearly lists nine main chapters and their starting page numbers, covering company profile, financial indicators, management discussion and analysis, corporate governance, significant events, share changes, bond information, financial reports, and other submitted data - The report comprises nine main chapters, covering company operations, financials, governance, and significant matters[8] Reference Documents Reference documents include financial statements signed by the company's responsible person and chief accountant, original copies of all company documents and announcements publicly disclosed on the CSRC-designated website, and other relevant materials - Reference documents include signed and sealed financial statements and company documents publicly disclosed on the CSRC-designated website[10][11] Definitions The report defines key terms, including company name, controlling shareholder, major subsidiaries, associates, and key customers, with the reporting period from January 1 to June 30, 2025 - The report defines the company, controlling shareholder, wholly-owned subsidiaries (e.g., Shanghai Baicheng, Jinan No.1 Machine Tool, Suzhou Demac), and major customers (e.g., Anhai, TTI, Stanley Black & Decker, Bosch, Makita)[14] - The reporting period is defined as January 1, 2025, to June 30, 2025[14] Company Profile and Key Financial Indicators Company Profile Shandong Weida Machinery Co., Ltd., stock abbreviation 'Shandong Weida', stock code 002026, is listed on the Shenzhen Stock Exchange, with Yang Mingyan as its legal representative - The company's stock abbreviation is 'Shandong Weida', code 002026, listed on the Shenzhen Stock Exchange[16] - The company's legal representative is Yang Mingyan[16] Contact Persons and Information The report discloses contact information for Board Secretary Chen Jie and Securities Affairs Representative Cong Lingyun, including address, phone, fax, and email - The Board Secretary is Chen Jie, and the Securities Affairs Representative is Cong Lingyun, both with the contact address at No. 2 Zhonghan Road, Qingshan Town, Weihai Lingang Economic and Technological Development Zone, Shandong Province[17] Other Information During the reporting period, the company's contact information, information disclosure, and document storage locations remained unchanged, with details available in the 2024 annual report - The company's registered address, office address, website, email, and other contact information remained unchanged during the reporting period[18] - Information disclosure and document storage locations remained unchanged during the reporting period[19] Key Accounting Data and Financial Indicators In H1 2025, operating revenue decreased by 15.37% to 914 million yuan, while net profit attributable to shareholders increased by 9.31% to 158 million yuan; net cash flow from operating activities significantly grew by 86.38%, total assets decreased by 7.11%, and net assets attributable to shareholders increased by 1.64% Key Accounting Data and Financial Indicators for H1 2025 | Indicator | Current Period (yuan) | Prior Year Period (yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 914,155,797.12 | 1,080,234,701.59 | -15.37% | | Net Profit Attributable to Shareholders | 157,869,987.74 | 144,421,256.44 | 9.31% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) | 138,198,265.78 | 127,398,574.98 | 8.48% | | Net Cash Flow from Operating Activities | 191,538,941.28 | 102,766,992.81 | 86.38% | | Basic Earnings Per Share (yuan/share) | 0.35 | 0.32 | 9.38% | | Diluted Earnings Per Share (yuan/share) | 0.35 | 0.32 | 9.38% | | Weighted Average Return on Net Assets | 4.24% | 4.15% | 0.09% | | Indicator | End of Current Period (yuan) | End of Prior Year (yuan) | Change from Prior Year-End | | Total Assets | 4,745,174,225.69 | 5,108,230,303.44 | -7.11% | | Net Assets Attributable to Shareholders | 3,703,971,164.88 | 3,644,143,322.34 | 1.64% | Differences in Accounting Data under Domestic and Overseas Accounting Standards During the reporting period, the company reported no differences in net profit and net assets between financial statements disclosed under international or overseas accounting standards and Chinese accounting standards - The company reported no differences in net profit and net assets under domestic and overseas accounting standards during the reporting period[22][23] Non-Recurring Gains and Losses and Amounts During the reporting period, the company's total non-recurring gains and losses amounted to 19,671,721.96 yuan, primarily from government grants and fair value changes in financial assets recognized in current profit or loss Non-Recurring Gains and Losses and Amounts for H1 2025 | Item | Amount (yuan) | | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | -47,552.29 | | Government Grants Recognized in Current Profit or Loss | 5,198,773.25 | | Gains/Losses from Fair Value Changes and Disposal of Financial Assets and Liabilities Held by Non-Financial Enterprises (Excluding Effective Hedging Related to Normal Business Operations) | 17,876,365.49 | | Other Non-Operating Income and Expenses Apart from the Above | -21,487.23 | | Less: Income Tax Impact | 3,328,089.35 | | Minority Interests Impact (After Tax) | 6,287.91 | | Total | 19,671,721.96 | - The company has no other profit or loss items that meet the definition of non-recurring gains and losses, nor has it classified non-recurring gains and losses as recurring gains and losses[26] Management Discussion and Analysis Main Businesses Engaged by the Company During the Reporting Period The company's main businesses span power tools, high-end intelligent equipment manufacturing, and new energy (lithium battery energy storage and EV battery swap stations), positioning it as a chuck leader and accessory innovator, a provider of machine tools and smart manufacturing solutions, and a developer of lithium battery packs and EV battery swap stations - The company's main businesses involve power tools, high-end intelligent equipment manufacturing, and new energy (lithium battery energy storage, EV battery swap stations)[28] Power Tool Industry The power tool industry, a labor- and technology-intensive sector with a stable global competitive landscape, is trending towards cordless, lithium-powered, high-power, miniaturized, intelligent, and multi-functional products; the company supplies core components like drill chucks, lithium battery packs, and switches to global high-end clients, expanding into garden tools and smart home appliances - Power tool industry development trends include cordless, lithium-powered, high-power, miniaturized, intelligent, and multi-functional products[30][31][32] - The company is