SLPT(SH:603178)2023-08-28 16:00Financial Performance - The company's operating revenue for the first half of 2023 was ¥683,893,492.57, representing a 2.93% increase compared to ¥664,416,386.79 in the same period last year[17]. - The net profit attributable to shareholders decreased by 35.18% to ¥27,245,838.33 from ¥42,031,743.76 in the previous year[17]. - The net profit after deducting non-recurring gains and losses dropped by 86.05% to ¥4,379,878.66 from ¥31,390,268.77 in the same period last year[17]. - The net cash flow from operating activities was ¥54,347,980.29, a decrease of 47.73% compared to ¥103,973,451.84 in the previous year[17]. - Basic earnings per share decreased by 33.33% to ¥0.12 from ¥0.18 in the same period last year[18]. - The weighted average return on equity fell to 2.14% from 3.46% in the previous year[18]. - Operating costs increased by 4.76% to CNY 600,163,518.00 from CNY 572,913,273.51 year-on-year[52]. - Research and development expenses rose by 18.50% to CNY 39,706,968.51, up from CNY 33,508,535.86 in the previous year[52]. - The company reported a significant increase in other income by 112.68% to CNY 17,875,111.79, compared to CNY 8,404,879.25 in the previous year[52]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,035,271,022.41, a decrease of 1.95% from ¥2,075,721,733.23 at the end of the previous year[17]. - The company's cash and cash equivalents decreased by 12.56% to CNY 169,748,843.25 from CNY 194,131,839.10 at the end of the previous year[54]. - Accounts receivable increased by 2.94% to CNY 352,214,128.34, compared to CNY 342,168,377.57 at the end of the previous year[54]. - Total liabilities decreased to CNY 748,905,363.98, a reduction of 8.4% from CNY 817,617,193.15[116]. - Current liabilities totaled CNY 652,032,136.44, down 9.8% from CNY 722,806,010.15[115]. - Non-current assets increased to CNY 1,209,547,974.45, up 3.5% from CNY 1,168,374,860.44[115]. Business Operations and Products - The company operates in the automotive manufacturing industry, specifically in the production of automotive parts and components[23]. - The main products include pumps, camshafts, transmission core components, thermal management systems, and electric drive systems, catering to both traditional and new energy vehicles[24]. - The company has developed variable displacement oil pumps that can reduce overall engine oil consumption by 3%-5%[25]. - The company has launched a new generation of electronic oil pumps, which are characterized by low noise and high efficiency, and have been adopted by major clients such as BYD and Geely[27]. - The company has expanded its mechanical and electronic water pump business through the acquisition of Warner Saint Dragon, enhancing its product offerings for hybrid and electric vehicles[28]. - The company has achieved mass production of key components for automatic transmissions, filling a domestic gap in high-performance clutch assemblies and planetary gear sets[30]. - The company has received orders for its clutch assemblies from Chery Automobile for use in hybrid models[31]. - The company has developed integrated thermal management modules that reduce pipeline heat loss by 30% and assembly workload by 50%[32]. - The company has launched a hub motor with a torque of 380 NM, which has been validated since 2018 and is positioned as a key technology in distributed drive systems[33]. Research and Development - The company has established a national-level technology center and has a strong international technical team, enhancing its R&D capabilities[39]. - The company has introduced a specialized team for electric drive technology, which has over 10 years of experience in the field, significantly increasing the value of its products compared to traditional vehicles[40]. - Strategic partnerships with universities and research institutions have been formed to enhance R&D capabilities and foster innovation in electric drive systems[42]. - The company is advancing its R&D in electronic pumps and thermal management systems, with multiple projects in the A sample development stage with major clients[48]. - The company has completed the design and development of the ATCP450 electronic main water pump platform, with successful testing and delivery to clients[49]. Environmental and Sustainability Efforts - The company has reduced carbon emissions by over 2,000 tons through the use of a distributed rooftop photovoltaic power station, generating approximately 3.16 million kWh of electricity in the first half of 2023[76]. - The company has adopted energy-saving technologies such as permanent magnet variable frequency technology for air compressors and servo energy-saving technology for main production equipment, leading to significant energy consumption reductions[74]. - The company has implemented a waste management strategy that includes the collection and recycling of general solid waste and the proper disposal of hazardous waste through qualified disposal units[72]. - The company emphasizes energy conservation and pollution reduction, focusing on the integration of environmental benefits and economic benefits through technological upgrades[74]. - The company has taken measures to ensure that wastewater from production and domestic sources is treated and discharged in compliance with standards[74]. Shareholder and Corporate Governance - The total number of ordinary shareholders as of the end of the reporting period is 16,673[106]. - The largest shareholder, Ningbo Shenglong (Group) Co., Ltd., holds 128,727,390 shares, representing 54.45% of total shares[107]. - The second-largest shareholder, Ningbo Yushun Trading Co., Ltd., holds 10,294,100 shares, accounting for 4.35%[107]. - The company has established a framework for investor compensation in case of any discrepancies in the IPO prospectus, ensuring investor protection[83]. - The company will adhere to strict disclosure practices regarding any related party transactions to maintain transparency[82]. - The company has committed to not transferring profits through related party transactions, ensuring fair practices in its financial dealings[82]. Legal and Compliance - There are no significant lawsuits or arbitration matters during the reporting period[97]. - The company has not received any penalties or corrective actions related to violations of laws and regulations during the reporting period[97]. - There are no significant related party transactions that have not been disclosed in temporary announcements[98]. Financial Instruments and Accounting Policies - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position and operating results[159]. - The company uses the Chinese Yuan (RMB) as its functional currency for accounting purposes[162]. - The company has specific accounting policies for financial instruments, including impairment, depreciation, and revenue recognition[168]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[163]. - The company measures financial assets and liabilities at fair value upon initial recognition, with specific classifications for subsequent measurement[169].