DAHAO TECHNOLOGY(SH:603025)2023-08-22 16:00Financial Performance - The company's revenue for the first half of 2023 was reported at 1.46 billion RMB, reflecting a year-on-year decrease of 14.77% in the sewing machinery export sector[5]. - The overall export of sewing machinery products in China for the first half of 2023 was 1.46 billion USD, which is a significant drop compared to previous years but still shows resilience compared to 2020 and 2019[5]. - The company achieved total revenue of 935 million yuan, a year-on-year increase of 25.28%[67]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was 178 million yuan, up 10.7% compared to the same period last year[67]. - The company's operating revenue for the period reached ¥934,753,753.95, a 25.28% increase compared to ¥746,121,712.70 in the same period last year[82]. - The company's total liabilities amounted to ¥1,134,855,289.72 as of June 30, 2023, compared to ¥962,375,463.38 at the end of 2022, indicating a growth of 17.9%[182]. - The company's equity attributable to shareholders was ¥2,035,808,096.02 as of June 30, 2023, slightly down from ¥2,037,847,891.42 at the end of 2022[182]. - The company's total assets as of June 30, 2023, amount to 3,301,619,727.05 RMB, an increase from 3,126,526,740.15 RMB at the end of 2022[175]. Market Position and Product Development - The company maintains a leading position in the embroidery machine control system market, with a market share ranking first both domestically and internationally[26]. - The company is actively monitoring the development of new technologies and products to enhance its market position[12]. - The company has introduced new products such as the automatic bottom line changing robot and automatic edge-seeking embroidery technology, which have received industry recognition and expanded market coverage[30]. - The company is committed to high-end and intelligent product development, maintaining high performance, user experience, and service quality in the industry[26]. - The company has developed multiple industry-leading technologies in the field of electronic control systems for sewing machines, enhancing production efficiency and reducing labor intensity[55]. - The company has established long-term stable partnerships with major domestic and international clients in the sewing and knitting machinery industry, enhancing brand loyalty[61]. Research and Development - The company has a research and development team of over 400 people, focusing on machine vision, artificial intelligence, industrial internet, and network security[66]. - The company has invested significantly in R&D for technologies such as machine vision, artificial intelligence, and industrial internet, leading to innovative automation solutions[58]. - Research and development expenses rose by 13.91% to ¥87,364,622.88, driven by the consolidation of Xinghan Internet[82]. Environmental and Social Responsibility - The company has established a photovoltaic power station with a capacity of 799.7 kW, generating 431,188 KWH in the first half of the year, saving 172.5 tons of standard coal and reducing CO2 emissions by 429.9 tons[130]. - The company has implemented a smart factory system that connects over 10,000 devices, enhancing production efficiency and reducing energy consumption[124]. - The company has no industrial wastewater discharge, only domestic sewage, and has implemented effective measures to manage and treat waste[118]. - The company has achieved zero noise pollution in its operations by using low-noise equipment and implementing soundproofing measures[117]. - The company has conducted regular environmental monitoring and ensured compliance with environmental regulations, with all monitoring results meeting standards[122]. Corporate Governance and Compliance - The company has not reported any significant operational risks during the reporting period, maintaining a focus on potential risks such as international market fluctuations and industry cyclicality[13]. - The company has maintained a good integrity status without any unfulfilled court judgments or significant debts due[139]. - There were no significant lawsuits or arbitration matters during the reporting period[136]. - The company has strengthened training and compliance regarding stock trading regulations among its executives and major shareholders[138]. - The company has no major related party transactions or significant contracts that were not disclosed during the reporting period[140]. Shareholder and Capital Management - The company has implemented a cash dividend of 0.2 RMB per share (including tax) and distributed 0.2 shares for every 10 shares held[109]. - The controlling shareholder, Yiqing Holdings, plans to increase its stake in the company by investing between 50 million and 100 million CNY over a six-month period starting from March 23, 2023[149]. - The company distributed a cash dividend of 0.2 CNY per share and issued 0.2 bonus shares per share, totaling 184,866,662.2 CNY in cash dividends and 184,866,662 bonus shares[155]. - The total number of shares before the repurchase was 1,109,174,773 shares[157]. - The largest shareholder, Beijing Yiqing Holdings, holds 364,783,369 shares, representing 32.89% of total shares[167].