Peric Special Gases (SH:688146)2023-08-25 16:00Financial Performance - The company's operating revenue for the first half of 2023 was ¥800,149,210.54, a decrease of 16.3% compared to ¥955,220,518.80 in the same period of 2022[22]. - The net profit for the first half of 2023 was ¥172,081,456.46, down 16.5% from ¥206,246,274.72 in the first half of 2022[22]. - The total profit for the first half of 2023 was ¥190,680,249.61, a slight increase from ¥229,589,463.88 in the same period of 2022[22]. - The company reported a net profit of CNY 0.00 from the merged entity, consistent with the previous period[21]. Assets and Equity - Total assets as of June 30, 2023, amounted to CNY 5,789,922,476.03, a significant increase from CNY 2,843,387,216.31 as of December 31, 2022[18]. - The company's total equity reached CNY 5,153,829,189.19, up from CNY 2,290,127,508.79 in the previous year[19]. - The company’s total assets at the end of the reporting period amounted to CNY 5,153,829,189.19[32]. - The company’s retained earnings at the end of the reporting period were CNY 4,108,777,165.29[32]. Cash Flow - The net cash flow from operating activities was ¥220,885,763.13, an increase of 69.3% compared to ¥130,476,318.63 in the first half of 2022[25]. - The company’s total cash outflow from operating activities was ¥681,657,600.89, down 28.5% from ¥953,870,142.71 in the first half of 2022[25]. - The net increase in cash and cash equivalents for the period was CNY 2,619,394,405.61, contrasting with a net decrease of CNY 58,956,812.56 in the same period last year[51]. Research and Development - Research and development expenses increased to ¥62,713,439.68, up 22.7% from ¥51,107,260.59 in the previous year[22]. - The company reported a total R&D investment of ¥62,713,439.68, representing a 22.71% increase compared to ¥51,107,260.59 in the same period last year[173]. - R&D investment accounted for 7.84% of total operating revenue, up from 5.35% year-on-year, indicating a 2.49 percentage point increase[173]. - The company has an independent R&D department focused on developing new products and improving existing processes, particularly in electronic specialty gases and fluorine-containing new materials[65]. Product and Technology Development - The company has developed a series of products based on the electrolysis fluorination process, including trifluoromethanesulfonic acid and its derivatives[43]. - The company possesses nine core technologies, including internationally leading electrolysis fluorination technology, which has filled a domestic gap[69]. - The company has developed several core technologies, including electrofluorination technology, which is internationally leading and has received multiple awards, including the Hebei Province Science and Technology Progress Award[163]. - The company has developed a trace impurity analysis technology that is internationally leading, capable of efficient and accurate analysis of raw materials and products[168]. Market and Sales Strategy - The sales model primarily involves direct sales to end customers, with a portion through traders, utilizing both consignment and non-consignment methods[64]. - The company generates revenue and profit primarily by selling electronic specialty gases and trifluoromethanesulfonic acid products to downstream customers in the integrated circuit and display panel industries[84]. - The company’s sales pricing strategy is flexible, with prices negotiated on a case-by-case basis depending on market conditions and customer specifics[64]. Financial Management - The company has not experienced significant changes in the capitalization ratio of R&D investments during the reporting period[137]. - The company has a policy for measuring expected credit losses for long-term receivables, which is detailed in its accounting policies[139]. - The company recognizes financial assets and liabilities upon entering into financial instrument contracts, with specific accounting treatments for different types of financial assets[100]. Compliance and Quality Control - The company has implemented a comprehensive safety management system to ensure safe production processes and compliance with environmental regulations[63]. - The company has established a strict quality control process, ensuring that products are only filled after passing inspections[63]. - The company has implemented green environmental technology, achieving zero emissions and meeting stringent environmental requirements[168]. Shareholder Information - The total number of shares outstanding is 450,000,000, with 79,411,765 shares being unrestricted[4]. - The company has a total of 86 shareholders as of the reporting date[5].