EMT(SH:601208)2023-08-17 16:00Financial Performance - The company's subsidiary Dongcai New Materials achieved revenue of 538.65 million yuan and a net profit of 57.21 million yuan, benefiting from the robust demand in the domestic communication network construction and the new energy-driven motor sector [12]. - The subsidiary Shandong Shengtong reported revenue of 183.41 million yuan, a year-on-year decline of 21.12%, and a net loss of 11.95 million yuan, down 348.64% year-on-year, due to market demand decline and intensified competition [13]. - In the first half of 2023, the company achieved operating revenue of 1.829 billion yuan, a year-on-year decrease of 0.31% [52]. - The net profit attributable to shareholders was 220 million yuan, down 15.97% year-on-year, while the net profit after deducting non-recurring gains and losses was 120 million yuan, a decline of 32.39% [52]. - The basic earnings per share were 0.24 yuan, representing a year-on-year decrease of 17.24% [52]. - The company reported a net cash flow from operating activities of -¥167.98 million, a significant decline compared to -¥45.74 million in the same period last year, indicating cash flow challenges [137]. - The company's operating revenue for the first half of 2023 was approximately ¥1.83 billion, a slight decrease of 0.31% compared to ¥1.83 billion in the same period last year [137]. Research and Development - The company increased its R&D investment during the reporting period, indicating a focus on innovation and product development [5]. - The company's R&D expenses increased by 23.90% to ¥110.07 million, up from ¥88.84 million in the previous year, reflecting a strong commitment to innovation [137]. - The company applied for a total of 38 patents and received 17 patents in the first half of 2023, bringing the cumulative total to 473 applications and 281 authorized patents as of June 30, 2023 [132]. - The company has established a talent exchange mechanism between core technical personnel and research institutions, enhancing R&D capabilities and brand competitiveness, with 2 provincial-level major science and technology projects and 2 municipal-level technology plan projects passing acceptance in the first half of 2023 [88]. Environmental Compliance and Sustainability - The total amount of wastewater discharged from January to June 2023 was 78,167 m³, with an average COD concentration of 92.4 mg/L, totaling 9.2 tons [40]. - The total emissions of particulate matter from January to June 2023 were 0.2523 tons, and sulfur dioxide emissions totaled 0.01232 tons [40]. - The company’s total emissions limits for particulate matter are set at 2.951 tons/year, sulfur dioxide at 0.103 tons/year, and nitrogen oxides at 21.24 tons/year [41]. - The company’s wastewater treatment plant has a design capacity of 50 m³/d, utilizing hydrolysis and SBR treatment processes [42]. - The company has installed online monitoring systems for wastewater and air emissions to ensure compliance with environmental standards [51]. - The company emphasizes its commitment to environmental protection, implementing a comprehensive environmental management system and regular updates to its emergency response plans [79]. - The company aims to achieve national "dual carbon" goals by focusing on energy conservation, emission reduction, and enhancing production efficiency [80]. - The company has established a waste gas treatment facility with a design capacity of 40,000 m³/h for phenolic and acidic waste gases [75]. - The company has installed continuous automatic online monitoring equipment for its waste gas treatment facilities [75]. - The company is actively promoting energy-saving and carbon reduction modifications, with unit energy consumption indicators decreasing year by year [82]. - The company is planning to continue promoting carbon emission reduction efforts and sustainable development [107]. Market Expansion and Product Development - The company is actively expanding into high-end application areas and adjusting its product structure to improve overall profitability [13]. - The company is accelerating its market expansion and technology integration, particularly in the context of international energy interconnection projects [7]. - The company is focusing on innovation and project completion to drive growth amid increasing competition and declining market demand [52]. - The company has successfully adjusted its product structure in response to declining consumer demand and intensified competition, focusing on emerging applications in automotive intelligence and communication networks, leading to a significant increase in the production of differentiated products such as MLCC release films and automotive decorative films [113]. - The company is expanding its production capacity in the optical film industry, with new capacities being released, which is expected to enhance its market position and product variety [113]. - The company has established a new materials technology company in Chengdu, focusing on high-performance resin materials, with new production capacities for specialty epoxy resins and other electronic-grade resin materials being ramped up [115]. - The company is actively pursuing market expansion in the health textile sector, aiming to promote its Gelunson brand products across various functional textile fields [126]. Financial Position and Investments - The total assets at the end of the reporting period amounted to 4.53 billion yuan, with a significant portion allocated to various operational areas [4]. - As of June 30, 2023, the company's total current assets amounted to RMB 4,080,664,081.77, an increase from RMB 3,999,573,166.41 as of December 31, 2022, reflecting a growth of approximately 2.7% [174]. - The company's cash and cash equivalents decreased to RMB 1,072,537,263.36 from RMB 1,427,729,848.41, representing a decline of about 24.9% [174]. - The total non-current assets increased to RMB 5,163,835,078.87 from RMB 4,341,426,901.19, indicating a growth of approximately 18.9% [174]. - The company's inventory increased to RMB 488,340,997.56 from RMB 427,821,838.03, representing a rise of approximately 14.1% [174]. - The company's long-term equity investments grew to RMB 215,136,711.07 from RMB 191,101,787.17, an increase of about 12.6% [174]. - The company has reported a total of 5,306.05 million yuan in actual related party transactions as of June 30, 2023, with an estimated total of 295 million yuan for 2023, including 155 million yuan for material procurement and 130 million yuan for product sales [91]. - The company has committed to not exceeding 1,000 million yuan in miscellaneous related party transactions for 2023 [91]. Shareholder and Capital Structure - As of the report date, the total share capital of the company is 917,710,612 shares, with 96.81% being unrestricted circulating shares [158]. - The total number of shares after the recent changes is 917,714,610, with 2.28% being restricted shares and 97.72% being unrestricted shares [187]. - The number of restricted shares decreased by 8,356,500, while unrestricted shares increased by the same amount, indicating a shift in shareholding structure [187]. - The top ten unrestricted shareholders hold a total of 388,000,000 shares, with the largest shareholder, Gaojin Technology Industry Group Co., Ltd., holding 182,387,480 shares [191]. - The company has a total of 29,290,000 restricted shares, which represents 3.19% of the total shares [187]. - The convertible bond holders include Gaojin Technology Industry Group Co., Ltd. with 222,663,000 yuan, representing 15.91% of the total [197]. - The company has issued a total of CNY 1,399,954,000 in convertible bonds, with 99.9967% of the bonds remaining unconverted [199]. - The company maintains a long-term credit rating of AA, with a stable outlook, as per the tracking report issued by United Credit on May 26, 2023 [200].