Greenda(SH:603931)2022-08-22 16:00Financial Performance - The company's operating revenue for the first half of the year reached ¥454,821,949.75, representing a 36.72% increase compared to ¥332,666,718.56 in the same period last year [20]. - Net profit attributable to shareholders was ¥93,017,286.41, up 48.62% from ¥62,585,919.06 year-on-year [20]. - The net cash flow from operating activities increased by 115.41%, amounting to ¥79,673,992.81 compared to ¥36,986,563.21 in the previous year [21]. - Basic earnings per share rose to ¥0.47, reflecting a 51.61% increase from ¥0.31 in the same period last year [22]. - The weighted average return on net assets improved to 7.36%, an increase of 1.83 percentage points from 5.53% year-on-year [22]. - The company's total assets at the end of the reporting period were ¥1,426,543,554.42, a 2.20% increase from ¥1,395,773,091.86 at the end of the previous year [21]. - The company achieved operating revenue of 454.82 million yuan in the first half of 2022, representing a year-on-year growth of 36.72% [59]. - The net profit attributable to shareholders reached 93.02 million yuan, an increase of 48.62% compared to the same period last year [59]. - The company invested 23.63 million yuan in R&D during the first half of 2022, marking a 151.86% increase year-on-year [60]. Risk Management - The company has detailed potential risks in the report, which investors should review carefully [7]. - The company emphasizes the importance of investment risk awareness in its forward-looking statements [6]. - The company faces safety risks associated with hazardous chemicals in its production processes, which could impact operational stability [70]. - The company is exposed to market risks due to potential fluctuations in macroeconomic conditions and downstream industry demands, which could affect performance [74]. - The company acknowledges the risk of raw material price volatility impacting gross margins, particularly due to environmental regulations affecting the chemical industry [75]. - The company has implemented measures to manage foreign exchange risks, particularly with sales and purchases denominated in USD, but remains vulnerable to currency fluctuations [76]. Corporate Governance - The company reported no profit distribution plan or capital reserve transfer plan during the reporting period [5]. - The management team guarantees the authenticity and completeness of the half-year report, assuming legal responsibility [8]. - The company has not disclosed any significant changes in shareholder structure or stock changes during the reporting period [9]. - The company has not reported any significant changes in its environmental information or compliance status during the reporting period [86]. - The company has committed to not transferring or entrusting the management of its shares for 36 months following the IPO, ensuring compliance with relevant regulations [90]. - The company will publicly disclose any failure to fulfill stock lock-up commitments and extend the lock-up period by six months [95]. Environmental and Social Responsibility - The report includes a section on environmental and social responsibility, indicating the company's commitment to sustainable practices [5]. - The company received the "Energy Saving Advanced Unit" title from Hangzhou Linjiang High-tech Park for its efforts in energy conservation and environmental responsibility [86]. - The company has implemented measures to reduce carbon emissions, focusing on energy-saving renovations and digital transformation [86]. - The company has established comprehensive safety and environmental standards to comply with regulations, but faces increasing costs related to environmental governance [71]. Market Position and Strategy - The core product, TMAH developer, has achieved SEMI G5 standard requirements, supporting the localization of high-definition display industries [27]. - The company employs a "make-to-order" production model, aligning production with customer orders to optimize efficiency [28]. - The company has successfully broken the monopoly of foreign enterprises in the TMAH developer market, with products exported to South Korea, Japan, and Taiwan [33]. - The company has established long-term stable relationships with downstream customers after passing a lengthy certification process, ensuring a stable supply of high-quality products [34]. - The company anticipates continued growth in the wet chemical market driven by the rapid development of downstream industries such as displays and semiconductors [46]. Shareholder Information - The company distributed a cash dividend of 3 RMB per 10 shares to all shareholders, totaling 42,762,510 RMB [135]. - The total share capital increased from 142,541,700 shares to 199,558,380 shares after a capital increase of 57,016,680 shares, representing a 40% increase [135]. - The number of limited sale shares held by Hangzhou Electric Chemical Group increased by 24,015,956 shares, bringing the total to 84,055,846 shares, which is 42.12% of the total shares [137]. - The total number of shares with unlimited sale conditions is 115,502,534 shares, representing 57.88% of the total shares [136]. - The company has no foreign shareholding, with all shares held by domestic investors [137]. Research and Development - The company holds 7 invention patents and 19 utility model patents, demonstrating strong R&D capabilities [51]. - The company is actively expanding its product offerings, including the launch of new products like BOE etching liquid and stripping liquid, which are currently being tested by major clients [59]. - The company has received the "Collaborative Development Award" for its project on AMOLED flexible panel etching liquid, highlighting its innovation in the industry [60]. - The company is focused on technological innovation and has initiated several key projects in collaboration with national and provincial development plans [60]. Financial Health - Total liabilities decreased to ¥129,982,469.36 from ¥154,451,099.55, a reduction of 15.7% [156]. - Total equity increased to ¥1,302,425,378.98, compared to ¥1,243,715,143.83, reflecting a growth of 4.7% [156]. - The company reported a total asset value of RMB 1,426,543,554.42, up from RMB 1,395,773,091.86, indicating a growth of about 2.4% [151]. - The company’s retained earnings increased to RMB 360,470,840.15 from RMB 320,146,692.58, an increase of about 12.6% [151].