江化微(603078) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥470,030,907.86, representing a 40.24% increase compared to ¥335,154,670.42 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2022 was ¥61,542,557.76, a significant increase of 302.80% from ¥15,278,838.33 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥57,643,638.34, up 309.15% from ¥14,088,763.57 year-on-year[18]. - The net cash flow from operating activities was ¥149,148,931.49, compared to a negative cash flow of ¥19,629,308.95 in the same period last year[18]. - Basic earnings per share for the first half of 2022 were ¥0.2416, a 302.67% increase from ¥0.0600 in the same period last year[18]. - The weighted average return on net assets increased by 3.85 percentage points to 5.22% from 1.37% in the previous year[18]. - The company achieved operating revenue of CNY 470.03 million in the first half of 2022, a year-on-year increase of 40.24%[40]. - The net profit attributable to shareholders reached CNY 61.54 million, up 302.80% compared to the same period last year[40]. - The company reported a net profit of -¥16.12 million for Jiangyin Jianghua Microtrade Co., Ltd., indicating a loss[50]. - The company reported a total revenue from sales of goods and services of CNY 442,614,036.25, which is an increase from CNY 250,453,641.43 in the first half of 2021, reflecting a growth of approximately 77%[106]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,362,574,193.58, reflecting a 5.08% increase from ¥2,248,281,468.76 at the end of the previous year[18]. - The net assets attributable to shareholders increased by 8.19% to ¥1,249,706,368.77 from ¥1,155,087,310.31 at the end of the previous year[18]. - Total liabilities decreased to ¥888,694,671.23 from ¥1,095,098,877.63, a reduction of about 19.00%[94]. - The company's total liabilities decreased to ¥317,884,959.04 from ¥401,975,833.43, indicating a reduction of 21%[97]. - The total equity attributable to shareholders at the end of the period was ¥1,251,187,132.50, showing a growth from the previous year's balance[125]. Cash Flow - The company's operating cash flow net amount was CNY 149.15 million, a significant recovery from a negative cash flow in the previous year[43]. - The net cash flow from operating activities for the first half of 2022 was ¥130,537,615.49, a significant improvement compared to a net outflow of ¥17,232,155.32 in the same period of 2021, representing a turnaround of over 855%[109]. - Total cash inflow from operating activities increased to ¥351,877,179.65 in the first half of 2022, which is a 40.5% increase from ¥250,453,641.43 in the first half of 2021[109]. - The total cash outflow from operating activities was CNY 397,353,017.26, compared to CNY 278,575,589.22 in the previous year, indicating an increase in operational expenditures[107]. Research and Development - The company’s R&D team consists of over 50 professionals, leveraging partnerships with academic institutions to stay at the forefront of technological advancements[34]. - The company’s R&D expenses were CNY 16.90 million, showing a slight decrease of 2.66% year-on-year[44]. - The company has developed 13 high-tech products recognized by the Jiangsu Provincial Department of Science and Technology, including high-efficiency acidic stripping solutions and low-temperature water-based positive resists[34]. Market and Industry - The company’s main business includes the R&D, production, and sales of ultra-pure reagents and photoresist supporting reagents, primarily used in microelectronics and optoelectronics[23]. - The market for wet electronic chemicals is recognized as a significant category in semiconductor manufacturing, with increasing demand in the industry[27]. - The wet electronic chemicals market in China is projected to exceed 10.5 billion yuan, with a demand of 1.4704 million tons, maintaining a double-digit growth rate in the coming years[32]. - The global consumption of electronic chemicals has maintained an average annual growth rate of over 8% since the 1990s, making it one of the fastest-growing sectors in the chemical industry[31]. Risks and Challenges - The company faces risks from fluctuations in the prices of key raw materials, which include various chemical compounds, potentially impacting production operations[52]. - Increased competition in the wet electronic chemicals market is anticipated, which may affect product pricing and profitability due to heightened market pressures[53]. - The company faces risks related to accounts receivable, with a significant balance that could pressure liquidity and increase the risk of bad debts[56]. - Environmental protection costs are expected to rise due to stricter regulations and customer demands, potentially impacting operational costs[55]. Corporate Governance - The company has not disclosed any plans for new products, technologies, market expansion, or mergers and acquisitions in the report[4]. - There are no significant risks or non-operational fund occupation issues reported by the controlling shareholders[5]. - The company did not propose any profit distribution or capital reserve transfer plan for the half-year period[62]. - The controlling shareholder has committed to not engage in any competitive activities with the company[70]. Shareholder Information - The total share capital after the distribution is 254,763,913 shares, an increase of 58,791,672 shares from the previous 195,972,241 shares[80]. - A cash dividend of 0.09 RMB per share was distributed, totaling 17,637,501.69 RMB[80]. - The number of ordinary shareholders reached 43,215 by the end of the reporting period[81]. - The largest shareholder, Yin Fuhua, holds 49,336,370 shares, accounting for 19.37% of the total shares[83]. Compliance and Regulations - The company adheres to strict environmental protection laws and has not faced any administrative penalties related to environmental issues during the reporting period[65]. - The company has implemented measures to ensure compliance with environmental regulations without incurring penalties[66]. - The company’s financial statements are prepared based on the assumption of going concern, with no significant doubts about its ability to continue operations in the next 12 months[131].