标榜股份(301181) - 2025 Q2 - 季度财报

Section 1 Important Notice, Table of Contents, and Definitions Important Notice The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, with financial reports affirmed by key executives, and all directors attending the review meeting - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report[4] - Company head Shen Hao, chief accountant Liu Deqiang, and head of accounting department Jiang Lihong declare the financial report is true, accurate, and complete[4] - The profit distribution plan approved by the board of directors is to distribute a cash dividend of CNY 2.00 (tax inclusive) per 10 shares to all shareholders, based on 115.54 million shares, with no bonus shares or capital reserve conversions[4] Catalogue of Reference Documents This section lists the company's semi-annual report reference documents, including financial statements signed by the legal representative, original drafts of publicly disclosed company documents, and the original semi-annual report, all available at the company's securities department - Reference documents include financial statements signed by the legal representative, chief accountant, and head of the accounting department[8] - Original copies of all company documents and announcements publicly disclosed on the CSRC-designated website during the reporting period are also available as reference documents[9] - All reference documents are kept at the Securities Department of Jiangyin Biaobang Automobile Parts Co., Ltd[12] Definitions This section defines common terms used in the report, covering company names, laws, regulations, regulatory bodies, reporting periods, product materials (nylon), industry concepts, and management systems, ensuring accurate understanding of the report's content - The reporting period is defined as January 1, 2025, to June 30, 2025[13] - Nylon is defined as one of the world's five major general engineering plastics, serving as a crucial raw material for precision pipes or parts due to its excellent physical and chemical properties[13] - New energy vehicles include hybrid electric vehicles (HEV), pure electric vehicles (EV), fuel cell electric vehicles (FCV), and plug-in hybrid electric vehicles (PHEV)[13] Section 2 Company Profile and Key Financial Indicators I. Company Profile This section provides basic information about Jiangyin Biaobang Automobile Parts Co., Ltd., including stock ticker, code, listing exchange, company names, legal representative, and contact details, noting no changes in contact information or disclosure location during the reporting period, but a change in registration completed on May 13, 2025 - The company's stock ticker is "Biaobang Shares", stock code "301181", listed on the Shenzhen Stock Exchange[17] - The company's legal representative is Shen Hao[17] - The company's registration date changed from July 30, 2024, to May 13, 2025, with the location remaining at No. 1, Mona Road, Huaxi Jiucun, Huashi Town, Jiangyin City[21][22] IV. Key Accounting Data and Financial Indicators This section discloses the company's key accounting data and financial indicators for the first half of 2025, showing an 8.18% year-on-year increase in operating revenue, but a slight 0.70% decrease in net profit attributable to shareholders, with net cash flow from operating activities down 31.52%, and total assets and net assets attributable to shareholders also slightly reduced Key Accounting Data and Financial Indicators for H1 2025 | Indicator | Current Period (CNY) | Prior Period (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 268,615,841.23 | 248,302,758.87 | 8.18% | | Net Profit Attributable to Shareholders of Listed Company | 60,854,977.33 | 61,283,325.68 | -0.70% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | 49,207,504.82 | 45,900,088.21 | 7.21% | | Net Cash Flow from Operating Activities | 42,917,874.88 | 62,676,507.81 | -31.52% | | Basic Earnings Per Share (CNY/share) | 0.53 | 0.52 | 1.92% | | Diluted Earnings Per Share (CNY/share) | 0.53 | 0.52 | 1.92% | | Weighted Average Return on Net Assets | 4.20% | 4.29% | -0.09% | | As of Report End | | | | | Total Assets | 1,630,957,472.73 | 1,648,618,361.99 | -1.07% | | Net Assets Attributable to Shareholders of Listed Company | 1,426,132,879.33 | 1,435,306,590.40 | -0.64% | 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 those under Chinese 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[25] - During the reporting period, the company had no differences in net profit and net assets between financial reports disclosed under overseas accounting standards and Chinese Accounting Standards[26] VI. Non-Recurring Gains and Losses Items and Amounts This section lists the company's non-recurring gains and losses items and amounts for the first half of 2025, primarily including government subsidies, fair value changes and disposal gains/losses from financial assets and liabilities, and non-current asset impairment losses, totaling CNY 11,647,472.51 Non-Recurring Gains and Losses Items and Amounts for H1 2025 | Item | Amount (CNY) | Description | | :--- | :--- | :--- | | Government subsidies recognized in current profit or loss | 2,375,500.00 | Mainly due to various government subsidy income received | | Gains and losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, and gains and losses from disposal of financial assets and liabilities, excluding effective hedge accounting related to the company's normal business operations | 11,496,543.20 | Mainly due to cash management product income and fair value changes | | Other non-operating income and expenses apart from the above | -169,663.78 | Mainly due to non-current asset impairment losses | | Less: Income tax impact | 2,054,906.91 | | | Total | 11,647,472.51 | | - The company has no other profit or 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[29] Section 3 Management Discussion and Analysis I. Main Business Activities During the Reporting Period This section details the company's main business activities during the reporting period, including an overview of the automotive, automotive parts manufacturing, and automotive nylon pipeline industries, as well as the company's position within them, focusing on the R&D, production, and sales of automotive nylon pipelines and connectors for traditional fuel and new energy vehicle power and cooling systems, along with its sales, production, procurement, and R&D models - From January to June 2025, China's automobile production and sales reached 15.621 million units and 15.653 million units, respectively, representing year-on-year increases of 12.5% and 11.4%; new energy vehicle production and sales reached 6.968 million units and 6.937 million units, respectively, with year-on-year growth of 41.4% and 40.3%[31] - The company's main products include power system connection pipelines, cooling system connection pipelines, and connectors, widely supplied to renowned brands such as Volkswagen, Audi, General Motors, Leapmotor, BYD, Peugeot, Volvo, Mercedes-Benz, and BMW[36][37] - The company primarily adopts a "production-to-order" model, with procurement based on customer order demand