天洋新材(603330) - 2022 Q2 - 季度财报

Financial Performance - The company's operating income for the first half of 2022 was ¥675,986,539.27, representing a 51.28% increase compared to ¥446,847,142.23 in the same period last year [20]. - The net profit attributable to shareholders decreased by 52.72% to ¥32,139,534.12 from ¥67,972,992.23 year-on-year [20]. - The basic earnings per share dropped by 65.52% to ¥0.10 from ¥0.29 in the same period last year [21]. - The company reported a 50.05% increase in net profit after deducting non-recurring gains, amounting to ¥22,058,619.09 compared to ¥14,701,263.03 last year [20]. - The company's operating costs increased by 68.48% year-on-year, reflecting the rising prices of raw materials [51]. - The company achieved operating revenue of CNY 675.99 million, a year-on-year increase of 51.28% [46]. - The net profit attributable to shareholders was CNY 32.14 million, with a 50.05% increase in net profit after deducting non-recurring gains and losses [46]. - The company reported a total comprehensive income for the first half of 2022 of approximately 32.14 million, a decrease from 32.84 million in the same period last year [147]. Assets and Liabilities - The total assets increased by 17.13% to ¥2,079,485,868.64 from ¥1,775,364,174.14 at the end of the previous year [20]. - Total current assets as of June 30, 2022, amounted to RMB 1,156,096,845.22, an increase from RMB 966,114,545.52 at the beginning of the period, reflecting a growth of approximately 19.66% [125]. - Total liabilities amounted to CNY 940,098,590.60, up from CNY 638,894,947.58, reflecting an increase of about 47.0% [127]. - Current liabilities rose to CNY 762,599,339.98, compared to CNY 499,085,660.37, indicating a significant increase of approximately 52.8% [126]. - Short-term borrowings increased by 92.90% to CNY 449,027,156.55, reflecting a rise in working capital loans [55]. - The company's total liabilities at the end of the reporting period are CNY 166,143,079.07 [154]. Cash Flow - The net cash flow from operating activities was negative at -¥50,625,232.33, worsening from -¥30,894,086.41 year-on-year, primarily due to increased raw material procurement [20][23]. - The total cash inflow from operating activities was 730,645,930.68 RMB, while cash outflow was 781,271,163.01 RMB, resulting in a net cash outflow of 50,625,232.33 RMB [139]. - The company experienced a net decrease in cash and cash equivalents of 42,933,127.83 RMB during the first half of 2022 [140]. Research and Development - The company is actively increasing R&D investment in high-end electronic adhesive materials, achieving sales growth despite a poor overall performance in the consumer electronics sector [38]. - R&D expenses decreased by 3.94% to CNY 15,725,884.95 due to pandemic-related restrictions on activities [52]. - The company added 6 new national authorized patents in the first half of 2022, bringing the total to 135, including 117 invention patents [41]. Market and Growth - The revenue from photovoltaic encapsulation adhesive film reached ¥323,190,400, marking a significant growth of 250.69% compared to the previous year [22]. - The company aims to expand its market presence in photovoltaic materials and other innovative adhesive solutions, leveraging over a decade of product and technology accumulation [26]. - Despite the pandemic's impact, the company managed to develop 65 new franchisees in the first half of 2022, achieving growth while competitors faced declines of 20-30% [37]. Risk Management - Major risks faced by the company include policy risk, macroeconomic fluctuations, raw material price volatility, and foreign exchange risk [6]. - The company emphasizes the importance of monitoring risks related to new project implementation and capacity expansion [6]. - The company faces potential risks including policy changes that could affect tax benefits, macroeconomic fluctuations impacting demand, and safety risks associated with chemical production processes [69][70][71]. Environmental and Safety Compliance - The company is committed to environmental protection and safety management, ensuring compliance with national emission standards and continuously investing in safety and environmental measures [80]. - The company has established a wastewater treatment facility with a capacity of 150 tons per day, ensuring that treated wastewater meets national discharge standards [88]. - Nantong Tianyang achieved compliance with emission standards for waste gas through the implementation of clean production technologies and various treatment measures, including condensation and carbon fiber adsorption [89]. Corporate Governance - The report outlines the company's governance structure and responsibilities of the board and management [8]. - The company guarantees the authenticity, accuracy, and completeness of the semi-annual report, with all board members present at the meeting [7]. - There are no violations of decision-making procedures for external guarantees [6]. Shareholder Information - The total number of ordinary shareholders reached 15,934 by the end of the reporting period [114]. - The largest shareholder, Li Zhelong, holds 108,175,518 shares, accounting for 32.50% of total shares [116]. - The company has not reported any significant changes in shareholder structure during the reporting period [114].