杭州高新(300478) - 2025 Q2 - 季度财报

Important Notes, Table of Contents, and Definitions Important Notes The Board, Supervisory Board, and senior management affirm the semi-annual report's truthfulness and completeness, with no plans for cash dividends or bonus shares - The Company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, free from false records, misleading statements, or major omissions, and assume individual and joint legal responsibility[3] - Company head Hu Baoquan, chief accountant Wang Chunjiang, and head of accounting department Zhang Huiying 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 The report's table of contents clearly outlines eight chapters, guiding investors through company information, financial performance, and governance - The report comprises eight main chapters, from company profile to financial reports, with a clear structure[6] Definitions This section defines key terms, including company names, related parties, and the reporting period, for accurate report comprehension - The reporting period refers to the first half of 2025, from January 1, 2025, to June 30, 2025[10] - Company, the Company, listed company, and Hangzhou Gaoxin all refer to Hangzhou Gaoxin Advanced Material Technology Co., Ltd[10] Company Profile and Key Financial Indicators Company Profile Hangzhou Gaoxin Advanced Material Technology Co., Ltd. (stock code: 300478) is listed on the Shenzhen Stock Exchange, with Hu Baoquan as legal representative - The Company's stock abbreviation is “Hangzhou Gaoxin”, stock code “300478”, listed on the Shenzhen Stock Exchange[12] - The Company's legal representative is Hu Baoquan[12] Contact Person and Information Wang Chunjiang serves as Board Secretary, with contact details including address, phone/fax 0571-88581338, and email hzgx@hangzhougosing.cn - The Board Secretary is Wang Chunjiang, contact number 0571-88581338, email hzgx@hangzhougosing.cn[13] Other Information No changes occurred in the Company's contact details, disclosure locations, or registration during the reporting period, as per 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] Key Accounting Data and Financial Indicators Operating revenue grew 28.79%, net loss narrowed 21.54%, but operating cash flow significantly declined, while total assets increased and net assets decreased Key Accounting Data and Financial Indicators (Consolidated Statements) | Indicator | Current Period ($) | Prior Period ($) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 197,126,524.35 | 153,066,176.00 | 28.79% | | Net Profit Attributable to Shareholders of the Listed Company | -6,854,479.89 | -8,736,556.69 | 21.54% | | Net Profit Attributable to Shareholders of the Listed Company (Excluding Non-recurring Gains and Losses) | -6,923,535.77 | -8,842,359.05 | 21.70% | | Net Cash Flow from Operating Activities | -25,551,974.51 | -1,428,611.10 | -1,688.59% | | Basic Earnings Per Share (yuan/share) | -0.054 | -0.069 | 21.74% | | Diluted Earnings Per Share (yuan/share) | -0.054 | -0.069 | 21.74% | | Weighted Average Return on Net Assets | -10.63% | -9.94% | -0.69% | | Indicator | End of Current Period ($) | End of Prior Year ($) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 403,649,732.85 | 329,149,931.44 | 22.63% | | Net Assets Attributable to Shareholders of the Listed Company | 61,080,940.72 | 67,935,420.61 | -10.09% | 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's financial reports for the period showed no differences in net profit and net assets when comparing International Accounting Standards with Chinese Accounting Standards[18] - The Company's financial reports for the period showed no differences in net profit and net assets when comparing overseas accounting standards with Chinese Accounting Standards[19] Non-recurring Gains and Losses and Amounts Total non-recurring gains and losses were $69,055.88, mainly from government grants, fair value changes, and other non-operating items Non-recurring Gains and Losses and Amounts | Item | Amount ($) | | :--- | :--- | | Government grants recognized in current profit or loss | 604,951.21 | | Fair value changes in financial assets and liabilities and gains/losses from disposal of financial assets and liabilities, excluding effective hedge accounting related to normal business operations of non-financial enterprises | -636,770.47 | | Other non-operating income and expenses apart from the above | 100,875.14 | | Total | 69,055.88 | Management Discussion and Analysis Main Business Activities During the Reporting Period The Company's core business is R&D, production, and sales of cable polymer materials, with revenue up 28.79% and net loss narrowing 21.54% - The Company's main business is the R&D, production, and sales of polymer materials for cables, with product lines including five major series and over two hundred varieties of general-purpose PVC cable compounds, special PVC cable compounds, halogen-free low-smoke flame-retardant cable compounds, special polyethylene and cross-linked polyethylene cable compounds, and chemically cross-linked cable compounds[25] - The Company primarily adopts a customized production model of “production based on sales, procurement based on production”, focusing on direct sales and deep cooperation with customers[26] - During the reporting period, the Company achieved