Kersen(SH:603626)2022-08-12 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,550,442,443.51, a decrease of 17.91% compared to ¥1,888,796,102.57 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥20,525,374.11, down 93.94% from ¥338,654,153.49 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥16,065,832.02, a decrease of 73.53% compared to ¥60,704,113.40 in the same period last year[19]. - Basic earnings per share decreased by 94.67% to CNY 0.0368 compared to CNY 0.6899 in the same period last year[20]. - Revenue declined by 17.91% due to the impact of COVID-19 and logistics issues, leading to a decrease in gross margin[20]. - The weighted average return on equity dropped to 0.68%, a decrease of 14.3 percentage points from 14.98% in the previous year[20]. - The gross profit margin has decreased due to changes in product structure, impacting overall operational performance[20]. - The company reported a net cash flow from operating activities of RMB 425.82 million, an increase of 140.80% year-on-year[44]. - The company achieved operating revenue of RMB 1.55 billion, a year-on-year decrease of 17.91%[36]. - The company reported a total comprehensive income for the first half of 2022 of CNY 20,672,583.54, down from CNY 339,414,056.37 in the first half of 2021[123]. Assets and Liabilities - Total assets decreased by 5.68% to ¥5,689,190,080.72 from ¥6,031,689,321.88 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company at the end of the reporting period were ¥3,034,701,536.72, an increase of 1.36% from ¥2,993,999,492.32 at the end of the previous year[19]. - Accounts receivable decreased by 30.90% to 1,334,212,931.30 RMB, accounting for 23.45% of total assets, primarily due to the recovery of receivables[45]. - Inventory increased by 41.60% to 523,493,203.57 RMB, representing 9.20% of total assets, attributed to stockpiling[45]. - Total liabilities decreased from CNY 3,037,689,829.56 to CNY 2,654,488,544.00, a decrease of approximately 12.6%[117]. - Current liabilities decreased from CNY 2,114,577,621.49 to CNY 1,744,196,073.33, a reduction of about 17.5%[116]. Research and Development - The company has over 260 authorized patents, including more than 60 invention patents, reflecting its strong R&D capabilities[28]. - The company continues to invest in R&D to improve technological innovation and respond effectively to market changes[28]. - Research and development expenses decreased to CNY 72,190,782.99 in the first half of 2022, down 42.6% from CNY 125,791,865.24 in the same period last year[122]. - The company has developed a strong technical R&D team through internal training and external recruitment, ensuring its technological advantage in the market[57]. Market Strategy and Operations - The company is expanding its production capacity and has established several R&D and production bases in Kunshan and Dongtai[30]. - The company aims to enhance its core competitiveness in precision manufacturing and increase market share in the consumer electronics sector[30]. - The company has diversified its operations into precision structural components, expanding into consumer electronics, medical devices, and new energy vehicles, which helps mitigate operational risks[35]. - The company has established partnerships with high-end clients in consumer electronics, medical devices, and new energy sectors, enhancing its competitive advantage[33]. - The company has entered the folding screen smartphone hinge market, starting mass production in May 2022, which is expected to contribute new revenue[41]. Environmental Compliance - The company has reported compliance with environmental regulations, with no exceedances in pollutant discharge limits[66]. - The company conducts regular third-party testing for "three wastes" (wastewater, noise, and waste gas), with all monitoring results meeting compliance standards[74]. - The company has implemented air pollution control facilities using electrostatic oil mist adsorption, bag dust removal, and activated carbon adsorption methods, with annual third-party monitoring confirming compliance with national standards[68]. - The company has established a hazardous waste management process and has designated compliant temporary storage areas for hazardous waste, ensuring proper disposal by qualified third-party vendors[68]. Shareholder and Financial Management - The company does not plan to distribute profits or increase capital reserves through stock transfers in the current reporting period[62]. - The company has reported no significant changes in its stock incentive plans or employee shareholding plans[64]. - The company has committed to repurchase all newly issued shares if there are false statements or omissions in the prospectus, with the repurchase price being the higher of the issuance price or the average trading price over the 30 trading days prior to the recognition of the violation by the regulatory authority[80]. - The company guarantees that any shares held will not be sold at a price lower than the issuance price during the two years following the lock-up period[79]. - The company has established a long-term commitment to resolve any competitive issues with its controlling shareholders[81]. Legal and Regulatory Compliance - There were no major lawsuits or arbitration matters reported during the reporting period, indicating a stable legal environment for the company[91]. - The company has committed to not engaging in any business activities that directly compete with its subsidiaries, ensuring a focus on core operations[85]. - The company has not reported any significant guarantees or financial transactions with related parties during the reporting period, maintaining a conservative financial approach[94]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[136]. - The company has set a performance guidance for the next period, aiming for a revenue growth of approximately 10%[136]. - The company is focusing on enhancing its product offerings and developing new technologies to stay competitive in the market[136].