星球石墨(688633) - 2025 Q2 - 季度财报

Definitions Definitions of Common Terms This section defines common terms used in the report, including company names, subsidiary names, government agencies, reporting periods, and specialized technical terms, ensuring accurate understanding of the report content - Defined company entities such as Xingqiu Graphite, Inner Mongolia New Material, Inner Mongolia Tongqiu, Beijing Planide, and Hunan Tongqiu[10] - Clarified the reporting period as January 1, 2025, to June 30, 2025[10] - Explained professional terms such as MPa, ppm, VCM, coefficient of thermal expansion, graphite synthesis furnace, graphite heat exchanger, graphite tower, silicon carbide heat exchanger, impregnant, graphite raw materials, and standard coal[10] Company Profile and Key Financial Indicators I. Company Overview Introduced the basic information of Nantong Xingqiu Graphite Co., Ltd., including its Chinese name, abbreviation, foreign name, legal representative, registered and office address, website, and email address - Company Chinese name: Nantong Xingqiu Graphite Co., Ltd., abbreviation: Xingqiu Graphite[12] - Legal Representative: Qian Shujuan[13] - Registered and office address: No. 8 Huaxing Road, Jiuhua Town, Rugao City[13] II. Contact Person and Information Provided contact information for the company's Board Secretary (domestic representative for information disclosure) Yang Zhicheng and Securities Affairs Representative Zou Hongyan, including address, phone, fax, and email - Board Secretary: Yang Zhicheng, contact number: 0513-69880509, email: yangzhicheng@ntxingqiu.com[14] - Securities Affairs Representative: Zou Hongyan, contact number: 0513-69880509, email: zouhongyan@ntxingqiu.com[14] III. Information Disclosure and Document Custody Location Changes Disclosed that the company's designated information disclosure newspaper is Shanghai Securities News, the website for semi-annual reports is www.sse.com.cn, and the report's custody location is the company's Securities Affairs Department office - Information disclosure newspaper: Shanghai Securities News[15] - Report website: **www.sse.com.cn**[15](index=15&type=chunk) - Report custody location: Company Securities Affairs Department office[15] IV. Company Stock/Depositary Receipts Overview Briefly introduced the company's stock listing exchange and board, stock abbreviation and code, and stated that the company has no depositary receipts - Stock type: RMB ordinary shares (A-shares)[16] - Listing exchange and board: Shanghai Stock Exchange STAR Market[16] - Stock abbreviation: Xingqiu Graphite, stock code: 688633[16] VI. Company's Key Accounting Data and Financial Indicators During the reporting period, the company's operating revenue increased by 5.77% year-on-year, but net profit attributable to shareholders and non-recurring net profit decreased by 24.50% and 30.54% respectively, mainly due to declining graphite material prices and intensified market competition, while net cash flow from operating activities significantly increased by 483.41% Key Accounting Data for H1 2025 | Indicator | Current Period (Jan-Jun) | Prior Period | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 310,400,180.14 | 293,458,559.14 | 5.77 | | Total Profit | 54,284,110.34 | 69,791,262.16 | -22.22 | | Net Profit Attributable to Shareholders of Listed Company | 46,666,368.69 | 61,806,591.53 | -24.50 | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses | 35,501,563.53 | 51,109,591.10 | -30.54 | | Net Cash Flow from Operating Activities | 121,417,431.67 | 20,811,798.31 | 483.41 | Key Financial Indicators for H1 2025 | Indicator | Current Period (Jan-Jun) | Prior Period | Change (%) | | :--- | :--- | :--- | :--- | | Basic EPS (yuan/share) | 0.32 | 0.42 | -23.81 | | Diluted EPS (yuan/share) | 0.32 | 0.42 | -23.81 | | Basic EPS after Non-Recurring Items (yuan/share) | 0.24 | 0.35 | -31.43 | | Weighted Average ROE (%) | 2.86 | 3.97 | 减少1.11个百分点 | | Weighted Average ROE after Non-Recurring Items (%) | 2.18 | 3.28 | 减少1.10个百分点 | | R&D Investment as % of Revenue (%) | 6.89 | 8.08 | 减少1.19个百分点 | - Net profit decline primarily due to falling graphite material and entrusted processing prices, leading to losses at subsidiary Inner Mongolia New Material, and intensified market competition in graphite heat exchangers resulting in lower gross profit margins[21] - Net cash flow from operating activities significantly increased, primarily due to higher amounts of matured notes receivable and increased efforts in collecting payments, as well as a reduction in matured notes payable[21] VIII. Non-Recurring Gains and Losses Items and Amounts During the reporting period, the company's total non-recurring gains and losses amounted to 11,164,805.16 yuan, primarily from fair value changes in financial assets and investment income from entrusted investments Non-Recurring Gains and Losses Items for H1 2025 | Non-Recurring Gains/Losses Item | Amount (yuan) | | :--- | :--- | | Gains or losses from disposal of non-current assets | 162,637.45 | | Government grants recognized in current profit or loss | 667,963.48 | | Gains or losses from changes in fair value and disposal of financial assets and liabilities | 8,743,017.13 | | Gains or losses from entrusted investments or asset management | 3,774,483.26 | | Gains or losses from debt restructuring | -100,533.02 | | Other non-operating income and expenses apart from the above | -117,156.35 | | Less: Income tax impact | 1,965,606.79 | | Total | 11,164,805.16 | Management Discussion and Analysis [I. Industry and Main Business Operations During the Reporting