TANYUAN TECH(SH:603133)2022-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥53,551,044.44, a decrease of 75.43% compared to ¥217,913,690.52 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was -¥19,797,684.42, an improvement of 94.53% from -¥361,981,824.29 in the previous year[19]. - The net cash flow from operating activities was -¥28,051,383.97, a decline of 300.78% compared to ¥13,971,049.50 in the same period last year[19]. - The total assets decreased by 16.48% to ¥572,867,706.32 from ¥685,864,229.22 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company decreased by 5.03% to ¥351,906,202.20 from ¥370,557,263.21 at the end of the previous year[19]. - The basic earnings per share were -¥0.09, showing a 94.77% improvement from -¥1.72 in the same period last year[20]. - The weighted average return on net assets increased by 51.57 percentage points to -5.48% from -57.05% in the previous year[20]. - The company reported a significant reduction in non-recurring losses, with the net profit attributable to shareholders after deducting non-recurring gains and losses at -¥26,681,627.99, a 92.70% improvement from -¥365,673,601.37[19]. - The company reported a revenue of approximately 53.55 million yuan, a year-on-year decrease of 75.43%[30]. - The net profit attributable to shareholders was approximately -19.80 million yuan, a year-on-year increase in loss of 94.53%[30]. - The company faced a significant decline in sales orders due to domestic and international trade friction and the impact of COVID-19[30]. - The global consumer electronics market demand has slowed down, leading to a decrease in smartphone shipments and increased market competition[30]. Assets and Liabilities - The total assets at the end of the reporting period were ¥573,000,000, with cash and cash equivalents amounting to ¥38,186,369.72, representing 6.67% of total assets[34]. - The company’s inventory decreased by 16.55% to ¥43,957,521.51 from ¥52,674,333.56[35]. - The company’s short-term borrowings decreased by 3.92% to ¥80,078,300.00 from ¥83,343,471.66[35]. - The company’s foreign assets amounted to ¥47,275,518.85, accounting for 8.25% of total assets[36]. - Total assets decreased from RMB 685,864,229.22 to RMB 572,867,706.32, a decline of approximately 16.5%[76]. - Current assets decreased from RMB 248,927,076.47 to RMB 198,287,686.11, a reduction of about 20.3%[76]. - Cash and cash equivalents dropped from RMB 66,593,622.83 to RMB 38,186,369.72, a decrease of approximately 42.7%[75]. - Accounts receivable decreased from RMB 48,416,377.19 to RMB 43,425,181.78, a decline of about 10.3%[75]. - Total liabilities decreased from RMB 320,139,467.93 to RMB 226,474,887.31, a decline of about 29.2%[77]. - Current liabilities decreased from RMB 265,972,694.99 to RMB 190,297,986.61, a reduction of approximately 28.5%[76]. - Non-current liabilities decreased from RMB 54,166,772.94 to RMB 36,176,900.70, a decline of about 33.2%[77]. - Shareholders' equity decreased from RMB 365,724,761.29 to RMB 346,392,819.01, a reduction of approximately 5.3%[77]. Cash Flow - The company reported a net loss of RMB 381,460,122.64 in retained earnings, compared to a loss of RMB 361,662,438.22 in the previous period[77]. - Operating cash flow for the first half of 2022 was -28,051,383.97 RMB, a decline from 13,971,049.50 RMB in the first half of 2021[91]. - Total cash and cash equivalents at the end of June 2022 were 34,684,468.75 RMB, down from 119,894,032.21 RMB at the end of June 2021[92]. - Cash inflow from operating activities was 71,697,184.56 RMB, compared to 303,738,199.52 RMB in the first half of 2021, reflecting a decrease of approximately 76.6%[90]. - Cash outflow from operating activities totaled 99,748,568.53 RMB, compared to 289,767,150.02 RMB in the same period last year, showing a decrease of about 65.5%[91]. - Investment activities generated a net cash inflow of 14,107,820.39 RMB, down from 63,901,397.53 RMB in the first half of 2021[91]. - The company received 80,000,000.00 RMB in borrowings during the first half of 2022, compared to 101,014,940.74 RMB in the same period of 2021[91]. Research and Development - The company holds 96 authorized patents, including 43 invention patents, and has 33 patents currently under application[28]. - The company’s research and development expenses decreased by 63.92% to ¥5,942,296.73 from ¥16,469,370.71[32]. - Research and development expenses for the first half of 2022 were ¥5,942,296.73, down 64.0% from ¥16,469,370.71 in the first half of 2021[83]. Risks and Challenges - The company faces high customer concentration risk, with the top five terminal customers accounting for a significant portion of sales, which could lead to performance fluctuations if major clients reduce or terminate cooperation[40]. - The company is exposed to industry competition and raw material price fluctuations, which may impact the overall gross margin due to intensified competition and concentrated raw material procurement[41]. - The company is at risk from exchange rate fluctuations, primarily as export sales and raw material imports are settled in USD, affecting future operations[41]. - The company has identified risks related to the loss of core technical personnel, which could impact its operational capabilities and innovation[41]. - The ongoing COVID-19 pandemic poses uncertainty for the domestic economic situation, potentially affecting future operational performance[41]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 20,771[65]. - The largest shareholder, Xu Shizhong, reduced his holdings by 4,540,000 shares, holding a total of 61,859,353 shares, which represents 29.57% of the total shares[67]. - Zhuhai Jinfuyuan Enterprise Management Partnership increased its holdings by 16,102,652 shares, holding a total of 16,102,652 shares, representing 7.70% of the total shares[67]. - The company reported no significant litigation or arbitration matters during the reporting period[60]. - There were no changes in the company's share capital structure during the reporting period[64]. - The company emphasized integrity and commitment, with no instances of failing to fulfill commitments during the reporting period[60]. Corporate Governance - The company has committed to not providing unfair benefits to other entities or individuals, ensuring no harm to its interests[57]. - The controlling shareholder and related parties have made long-term commitments regarding stock holdings and potential reductions post-lock-up period[56]. - The company has established a compensation mechanism linked to the performance of its equity incentive plans[57]. - There were no non-operating fund occupations by the controlling shareholder or related parties during the reporting period[59]. - The company has no violations related to guarantees during the reporting period[59]. - The company will initiate compensation for investor losses if the prospectus is found to contain false statements or omissions[55]. Future Plans - The company has not disclosed any plans for new product development or market expansion in this report[4]. - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[94].