确成股份(605183) - 2023 Q2 - 季度财报

Financial Performance - The basic earnings per share for the first half of 2023 is CNY 0.46, a decrease of 4.17% compared to CNY 0.48 in the same period last year[22]. - The diluted earnings per share for the first half of 2023 is also CNY 0.46, reflecting a 4.17% decline year-over-year[22]. - The weighted average return on net assets is 6.96%, down by 0.86 percentage points from 7.82% in the previous year[22]. - The return on net assets after deducting non-recurring gains and losses is 6.43%, a decrease of 1.18 percentage points compared to 7.61% last year[22]. - The company's operating revenue for the first half of 2023 was approximately ¥849.99 million, a decrease of 4.09% compared to ¥886.25 million in the same period last year[46]. - The net profit attributable to shareholders for the first half of 2023 was approximately ¥191.76 million, down 4.54% from ¥200.87 million year-on-year[46]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥177.10 million, a decline of 9.37% compared to ¥195.41 million in the previous year[46]. - The net cash flow from operating activities decreased by 40.52%, amounting to approximately ¥147.55 million, down from ¥248.08 million in the same period last year[46]. - The company's revenue for the current period is approximately ¥849.99 million, a decrease of 4.09% compared to ¥886.25 million in the same period last year[91]. Research and Development - The company is actively conducting research on new types of silica and its innovative applications, enhancing its R&D capabilities and core competitiveness[29]. - The company has established the Wuxi New Materials Technology Research Institute to collaborate closely with research institutions and universities[29]. - The company has maintained a research and development expense ratio of over 3% of operating revenue in recent years, focusing on the development of high-dispersion silica products[57]. - The company has obtained 42 invention patents and 103 utility model patents, covering specialized production equipment and manufacturing processes for silica[34]. - The company is actively developing various silica products for different applications, including silica for silicone rubber and biomass-derived high-dispersion silica[59]. - The company has invested significantly in R&D, successfully developing technology that uses biomass (rice husks) as a fuel, which aligns with sustainable development goals[79]. - The company is investing 20 million yuan in R&D for new technologies aimed at improving product efficiency[158]. Production and Capacity - The company has established a total production capacity of 330,000 tons, ranking third in the world, with an additional 75,000 tons under construction and 25,000 tons planned[51]. - The company’s production lines in Anhui and Wuxi are among the most advanced in the industry, allowing for efficient management and lower product consumption compared to industry averages[61]. - The sales volume of silica increased by over 11.8% year-on-year, achieving the highest sales volume in the same period historically[86]. - The company has a total silica production capacity that ranks third globally, with production bases in Jiangsu, Anhui, Fujian, and Thailand[83]. Market and Competition - The company plans to accelerate the release of new production capacity at its Thailand factory, aiming to increase its market share in international markets and intends to issue convertible bonds for a second phase expansion of 25,000 tons of silica[68]. - The market share of new energy vehicles reached 28.3% in the first half of 2023, with production and sales of 3.79 million units, reflecting a year-on-year growth of 42.4% and 44.1% respectively[56]. - The company has established long-term stable relationships with several well-known large enterprises, enhancing its bargaining power for raw material procurement[83]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance market competitiveness and increase revenue by 5 million yuan annually[158]. Environmental and Sustainability Initiatives - The company is focused on sustainable development by improving energy efficiency and reducing carbon emissions in its production processes[52]. - The company is actively participating in the establishment of carbon footprint standards as part of China's commitment to carbon neutrality[34]. - The company plans to achieve carbon peak emissions by 2028 and carbon neutrality by 2045, aligning with national "3060" strategy goals[151]. - The company has invested in technology to replace natural gas with biomass, significantly reducing carbon dioxide emissions and enhancing product competitiveness[150]. - The company has implemented emergency response plans for environmental incidents, ensuring preparedness and compliance with local regulations[148]. - The company’s pollution discharge levels are compliant with the requirements of the pollutant discharge permit and industry standards[149]. - The company has conducted multiple environmental awareness training sessions to enhance employee understanding of environmental responsibilities[150]. - The company is actively pursuing green supply chain initiatives and energy-saving technology upgrades to further reduce greenhouse gas emissions[151]. Financial Management and Governance - The company has authorized a total of CNY 50 million for hedging activities involving foreign exchange and other financial derivatives[110]. - The company has a controlling shareholder, holding 59.38% of shares, which poses potential risks related to decision-making and governance[136]. - The company has established a long-term commitment to avoid related party transactions that could harm shareholder interests[160]. - The company is in the process of issuing convertible bonds, pending approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission[190]. Safety and Risk Management - The company has implemented safety management measures, including training and certification for logistics suppliers, to mitigate operational risks associated with hazardous materials[103]. - The company has established a comprehensive safety facility and accident warning mechanism to control production processes[102]. - The company is exposed to risks from raw material price fluctuations and potential safety incidents during production[102]. - The company has established long-term framework agreements with some suppliers to mitigate risks associated with raw material price volatility[133]. - The company maintains a high level of efficiency in its desulfurization and denitrification equipment, achieving over 95% efficiency in both processes[133]. Shareholder Information - The company reported a total of 417,400,100 shares outstanding after a reduction of 56,800 shares due to capital management activities[192]. - The company has a total of 11,878 common shareholders as of the end of the reporting period[196]. - The company’s major shareholders include Hua Wei International Development Co., Ltd., holding 247,837,590 shares, which represents 59.38% of the total shares[192]. - The company has a total of 247,837,590 restricted shares held by Huawi International Development Limited, which will be tradable starting from December 7, 2023[199].