迪威尔(688377) - 2025 Q2 - 季度财报

Section I Definitions Definitions of Common Terms This chapter defines key terms used in the report, including company names, reporting periods, subsidiaries, ultimate controlling parties, and oil and gas industry-specific terms, providing a foundation for understanding the report content - The Company or Develop refers to Nanjing Develop High-End Manufacturing Co., Ltd[11] - Reporting Period refers to January 1, 2025, to June 30, 2025[11] - Specialized Parts refers to customized specialized parts for oil and gas equipment as required by oil and gas technical service companies[11] Section II Company Profile and Key Financial Indicators I. Basic Company Information This section outlines the basic information of Nanjing Develop High-End Manufacturing Co., Ltd., including its Chinese name, abbreviation, legal representative, registered and office addresses, company website, and email address - Company Chinese Name: Nanjing Develop High-End Manufacturing Co., Ltd., Abbreviation: Develop[14] - Legal Representative: Zhang Li[14] - Company Website: http://www.nj-develop.com[14](index=14&type=chunk) II. Contact Person and Contact Information This section provides contact information for the Company's Board Secretary (domestic representative for information disclosure) and Securities Affairs Representative, including names, addresses, phone numbers, fax numbers, and email addresses - Board Secretary: Li Yueling, Securities Affairs Representative: Wei Xiaowen[15] - Contact Phone: 025-68553220, Email: zqb@nj-develop.com[15] III. Brief Introduction to Changes in Information Disclosure and Document Storage Locations This section explains the Company's information disclosure channels and document storage locations for its semi-annual report, ensuring investors can access relevant reports - Name of information disclosure newspaper selected by the Company: Shanghai Securities News (www.cnstock.com)[16](index=16&type=chunk) - Website address for the semi-annual report: http://www.sse.com.cn[16](index=16&type=chunk) - Location for the Company's semi-annual report: Securities Department, Develop Company, No. 8 Dixi Road, Jiangbei New Area, Nanjing[16] IV. Brief Introduction to Company Shares/Depositary Receipts This section briefly introduces the Company's stock information, confirming its listing as A-shares on the STAR Market of the Shanghai Stock Exchange - Share Type: A-shares[17] - Stock Exchange and Board of Listing: STAR Market of the Shanghai Stock Exchange[17] - Stock Code: 688377[17] VI. Key Accounting Data and Financial Indicators During the reporting period, the Company's operating revenue, total profit, net profit, and earnings per share all experienced slight declines, primarily due to weak demand in the traditional onshore wellhead market, increased competition, and delayed realization of deep-sea order benefits. The Company has implemented technical optimization and cost reduction measures to address challenges, with a significant increase in net cash flow from operating activities, mainly driven by strengthened accounts receivable collection management Key Accounting Data (Jan-Jun 2025 vs. Same Period Last Year) | Key Accounting Data | Current Period (Jan-Jun) (RMB) | Prior Period (RMB) | Change (%) | | :------------------- | :------------------- | :------- | :-------------------------- | | Operating Revenue | 562,737,483.53 | 562,964,535.23 | -0.04 | | Total Profit | 56,534,072.43 | 66,384,663.09 | -14.84 | | Net Profit Attributable to Shareholders of the Listed Company | 51,525,960.04 | 55,507,717.89 | -7.17 | | Net Cash Flow from Operating Activities | 36,832,841.69 | -31,500,668.90 | N/A | Key Financial Indicators (Jan-Jun 2025 vs. Same Period Last Year) | Key Financial Indicators | Current Period (Jan-Jun) | Prior Period | Change (%) | | :------------------- | :------------------- | :------- | :-------------------------- | | Basic Earnings Per Share (RMB/share) | 0.27 | 0.29 | -6.90 | | Diluted Earnings Per Share (RMB/share) | 0.26 | 0.28 | -7.14 | | Weighted Average Return on Net Assets (%) | 2.84 | 3.14 | Decrease of 0.3 percentage points | | R&D Expenditure as a Percentage of Operating Revenue (%) | 3.41 | 3.51 | Decrease of 0.1 percentage points | - Operating revenue, total profit, net profit, basic earnings per share, and diluted earnings per share all saw slight year-on-year declines, primarily due to weak demand in the traditional onshore wellhead market, increased competition, and delayed benefit realization from complex, long-cycle deep-sea orders[20] - Net cash flow from operating activities increased, mainly due to the Company strengthening accounts receivable collection management, leading to increased cash receipts[21] VIII. Non-recurring Gains and Losses and Amounts This section details the non-recurring gains and losses and their amounts for the reporting period, totaling RMB 1,322,944.22, primarily including gains/losses on disposal of non-current assets, government grants, and fair value changes of financial assets Non-recurring Gains and Losses Items and Amounts | Non-recurring Gains and Losses Item | Amount (RMB) | | :----------------- | :-------- | | Gains/Losses on disposal of non-current assets | 310,209.47 | | Government grants recognized in current profit/loss | 1,146,967.24 | | Gains/Losses from changes in fair value and disposal of financial assets | 48,688.62 | | Other non-operating income and expenses | -9.41 | | Less: Income tax impact | 182,911.70 | | Total | 1,322,944.22 | Section III Management Discussion and Analysis I. Overview of the Company's Industry and Main Business During the Reporting Period As a globally renowned supplier of specialized parts for oil and gas equipment, the Company focuses on R&D, production, and sales of parts for oil and gas production systems, well control devices, and unconventional oil and gas extraction. Operating on a "production-based-on-sales, procurement-based-on-production" model, the Company has established long-term partnerships with major international oil and gas technical service companies, filling domestic gaps in deep-sea oil and gas extraction subsea equipment manufacturing and holding a significant industry position. The oil and gas equipment manufacturing industry has high technical barriers, demanding product quality stability, technological accumulation, and talent development (I) Main Business, Products, or Services The Company is a globally renowned supplier of specialized parts for oil and gas equipment, with main products including parts for oil and gas production systems, well control devices, and unconventional oil and gas extraction, widely used in major global oil and gas extraction areas. The Company has established long-term strategic partnerships with global major oil and gas technical service companies such as TechnipFMC, SLB, Baker Hughes, and Caterpillar, notably filling domestic gaps in products like deep-sea Christmas tree main valves - The Company's main products include specialized parts for oil and gas production systems, well control devices, and unconventional oil and gas extraction[27] - The Company has established long-term and stable strategic cooperative relationships with global major oil and gas technical service companies such as TechnipFMC, SLB, Baker Hughes, and Caterpillar[27] - The Company has filled domestic gaps in deep-sea oil and gas extraction subsea equipment manufacturing, specifically for products like deep-sea Christmas tree main valves[27] (II) Main Business Model The Company operates on a "production-based-on-sales, procurement-based-on-production" model, securing orders through negotiation or bidding and selling directly to oil and gas technical service companies. Products are characterized by small batches and multiple varieties, with key processes completed in-house and low-value-added segments outsourced. Raw material procurement is order-driven, with a small reserve of general-purpose materials and safety stock - The Company adopts a "production-based-on-sales, procurement-based-on-production" business model[28] - The sales model primarily involves obtaining orders through negotiation or bidding