DIBAY(SH:603320)2022-08-09 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥531,639,544.28, a decrease of 5.19% compared to ¥560,748,167.78 in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2022 was ¥23,267,609.90, down 52.95% from ¥49,450,540.68 in the previous year[16]. - The basic earnings per share for the first half of 2022 was ¥0.18, a decrease of 52.63% from ¥0.38 in the same period last year[17]. - The weighted average return on equity decreased to 2.94%, down 3.73 percentage points from 6.67% in the previous year[17]. - The company achieved operating revenue of 53.164 million, a decrease of 5.19% compared to the same period last year, primarily due to a 5.55% decline in motor sales[26]. - The net profit attributable to shareholders was 2.327 million, down 52.59% year-on-year, as the previous year included a one-time gain of 1.319 million from asset disposal[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 1.845 million, a decrease of 49.68% year-on-year, impacted by rising raw material costs and increased operational expenses[27]. - The company reported a significant increase in contract liabilities by 313.08% to ¥1,266,223.04, compared to ¥306,534.13 in the previous year[31]. - The company reported a total guarantee amount of 1,600,000.00 RMB, which accounts for 0.20% of the company's net assets[59]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly to ¥49,814,238.37, a rise of 211.48% compared to ¥15,992,926.85 in the same period last year[16]. - The cash flow from operating activities was 49.81 million, an increase of 211.48% compared to the same period last year[27]. - Cash and cash equivalents increased by 27.69% to ¥278,451,041.13, compared to ¥218,064,431.61 at the end of the previous year[31]. - The total cash inflow from operating activities was CNY 298,899,667.91, up from CNY 232,815,481.93 in the first half of 2021, marking a 28.3% increase[99]. - The cash outflow for operating activities was CNY 247,602,917.42, compared to CNY 218,635,669.75 in the previous year, indicating a 13.3% increase in operational costs[99]. - The company reported a cash flow from financing activities of CNY -26,028,813.72, which is a decline from CNY -13,030,950.08 in the first half of 2021, indicating increased financial obligations[100]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,248,799,174.88, a decrease of 1.53% from ¥1,268,264,779.79 at the end of the previous year[16]. - The total current liabilities decreased to 227,211,491.13 CNY from 249,324,979.05 CNY, indicating a reduction of about 8.9%[81]. - Total liabilities decreased to CNY 465,538,197.83 from CNY 482,470,807.43, a reduction of 3.4%[84]. - The total equity attributable to shareholders decreased to CNY 781,402,840.53 from CNY 784,043,579.49, a decline of 0.3%[84]. - The total equity at the end of the current period is reported at approximately ¥783.26 billion, reflecting a minor change from the previous figures[105]. Research and Development - The company holds 68 authorized patents, including 10 invention patents, and invested 18.74 million in research and development during the reporting period[24]. - Research and development expenses decreased slightly by 1.15% to ¥18,743,085.24, indicating stable investment in innovation[29]. - Research and development expenses for the first half of 2022 were CNY 17.62 million, slightly up from CNY 17.48 million in the same period of 2021, showing an increase of about 0.8%[92]. Market Position and Strategy - The company has a strong market position as a leading supplier of compressor motors, with a comprehensive product range covering household, commercial, and automotive applications[22]. - The company is transitioning from a single motor supplier to a system solution provider by developing motor drive controllers[24]. - The company maintains long-term strategic partnerships with well-known compressor manufacturers, enhancing its market presence[25]. - The overall industry faced challenges with a 9% decline in the production of fully enclosed piston compressors in the first half of 2022[26]. - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[88]. Environmental and Compliance - The company implemented a rooftop photovoltaic power generation project with a capacity of 4 MW, generating approximately 1.96 million kWh of solar power in the first half of 2022, reducing carbon emissions by 1,709.24 tons[48]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[46]. - The company is committed to environmental protection and has achieved compliance with various environmental laws and regulations[46]. Shareholder Information - The total number of shares before the recent change was 130,010,167, and after the change, it increased to 130,017,736, reflecting an increase of 7,569 shares[61]. - The largest shareholder, Dibay Holdings Limited, holds 62,176,109 shares, representing 47.82% of the total shares[65]. - The second-largest shareholder, Wu Chuzheng, holds 21,447,423 shares, accounting for 16.50% of the total shares[65]. - The company distributed dividends totaling CNY 26,028,813.72, compared to CNY 13,030,950.08 in the same period last year, reflecting a 100% increase in dividend payouts[100]. Governance and Compliance - The company has established a comprehensive governance structure, including a shareholders' meeting, board of directors, and supervisory board, along with various functional departments[115]. - The company has not reported any changes in the actual controller or major shareholders during the reporting period[67]. - There were no significant lawsuits or arbitration matters during the reporting period[55]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[54]. Accounting Policies - The financial statements are prepared based on the enterprise accounting standards, reflecting the company's financial position, operating results, and cash flows accurately[119]. - The company includes all controlled subsidiaries in its consolidated financial statements, ensuring that all significant internal transactions and unrealized profits are eliminated[125]. - The company recognizes interest income using the effective interest method, with specific conditions for credit-impaired financial assets affecting the calculation[136].