华软科技(002453) - 2025 Q2 - 季度财报

Financial Performance - The company's revenue for the reporting period was ¥170,753,681.73, a decrease of 31.63% compared to ¥249,740,103.03 in the same period last year[19]. - The net loss attributable to shareholders was ¥91,589,492.84, representing a 53.21% increase in loss from ¥59,780,252.10 year-on-year[19]. - The net cash flow from operating activities was -¥26,201,398.62, a decline of 437.68% compared to a positive cash flow of ¥7,759,192.16 in the previous year[19]. - The total assets at the end of the reporting period were ¥1,551,402,667.38, down 8.64% from ¥1,698,204,909.31 at the end of the previous year[19]. - The gross profit margin for the fine chemicals business decreased by 13.49% year-on-year, impacted by lower sales prices and increased costs[34]. - Domestic sales revenue fell by 42.51% to CNY 97.06 million, while international sales decreased by 8.93% to CNY 73.69 million[33]. - The company reported a significant increase in financial expenses by 108.59% due to exchange rate fluctuations, resulting in reduced foreign exchange gains[32]. - The company’s total cash inflow from operating activities decreased to 194,490,527.71 CNY in the first half of 2025, compared to 229,843,088.43 CNY in the first half of 2024[136]. - The company’s total cash outflow from operating activities was 220,691,926.33 CNY in the first half of 2025, slightly down from 222,083,896.27 CNY in the first half of 2024[136]. Corporate Governance and Management - The financial report is guaranteed to be true, accurate, and complete by the company's management, including the CEO and accounting heads[4]. - The report indicates that all board members attended the meeting to review the semi-annual report[4]. - The company has established a governance structure based on the shareholders' meeting and the board of directors, with several departments including engineering management, procurement, sales, finance, audit, and human resources[159]. - The company adheres to legal regulations regarding information disclosure, ensuring transparency and timely communication with investors through various channels[68]. Risk Management - The management discussion section includes a description of potential risks and countermeasures faced by the company[4]. - The company faces macroeconomic risks that could impact product exports and future performance, and it will adjust its operational strategies accordingly[53]. - The company has established comprehensive safety and environmental management processes to minimize risks associated with production[55]. - The company is increasing its R&D investment to mitigate risks from intensified market competition and demand changes[54]. Research and Development - Research and development investment amounted to CNY 9.24 million, a decrease of 6.06% year-on-year, reflecting ongoing efforts in innovation despite financial challenges[32]. - The company plans to optimize production processes to further improve product quality by 2025[30]. - The company is investing in R&D for new technologies, with a budget allocation of 144 million for the upcoming fiscal year[146]. Shareholder Information - The company reported a plan not to distribute cash dividends, issue bonus shares, or increase capital from reserves[5]. - The company completed a share repurchase of 70,871,463 shares at a total price of 1 RMB, reducing total share capital from 883,238,589 shares to 812,367,126 shares[158]. - The largest shareholder, Wufu Technology Group Co., Ltd., holds 38.29% of shares, totaling 311,036,703 shares, with 205,937,000 shares pledged and 4,200,000 shares frozen[113]. - The total number of shareholders at the end of the reporting period was 44,586[112]. Legal and Compliance - The company has initiated legal proceedings against Mr. Tu Yajie for failing to fulfill performance compensation obligations related to the 2022 annual performance commitment, with the case currently in court proceedings[75]. - The company has filed a civil lawsuit in March 2023 to recover a total of 115.7445 million yuan from the counterparties due to non-payment as per the settlement agreement[80]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[76]. - There are no violations regarding external guarantees reported during the reporting period[77]. Market and Product Development - The company plans to expand its market presence by launching two new products in the second half of 2025[142]. - The company has initiated a strategic acquisition of a smaller tech firm to enhance its product offerings[142]. - Market expansion efforts are focused on increasing presence in Southeast Asia, targeting a 10% market share by the end of 2025[146]. Financial Position - The company’s total assets at the end of the reporting period were valued at 1.3 billion, reflecting a stable financial position[147]. - The total equity at the end of the current period is 1,511 million, compared to 1,194 million in the previous year, reflecting an increase of approximately 26.5%[151]. - The company’s registered capital decreased from 944,217,225 RMB to 883,238,589 RMB following the repurchase of shares[157]. Operational Efficiency - The company emphasizes quality management and has implemented ISO9001 quality system standards to enhance its market competitiveness[30]. - The company utilizes a centralized procurement model for its main raw materials, ensuring resource sharing and efficiency[27]. - The company has established long-term stable partnerships with major domestic and international paper enterprises, including WOOJIN and Baiyun Paper[29].