2023-08-22 16:00Financial Performance - The company's operating revenue for the first half of 2023 reached ¥8,570,210,633, representing a 31.31% increase compared to ¥6,526,910,740 in the same period last year[19]. - Net profit attributable to shareholders for the first half of 2023 was ¥1,154,168,154, up 32.52% from ¥870,961,499 in the previous year[20]. - The net profit after deducting non-recurring gains and losses increased by 50.33%, amounting to ¥928,692,585 compared to ¥617,782,749 in the same period last year[20]. - The company's total assets as of June 30, 2023, were ¥50,389,952,338, reflecting a 3.88% increase from ¥48,509,554,784 at the end of the previous year[20]. - The net assets attributable to shareholders increased by 1.27%, reaching ¥34,968,786,765 compared to ¥34,530,700,003 at the end of the previous year[20]. - The net cash flow from operating activities for the first half of 2023 was -¥468,059,212, slightly worse than -¥442,798,854 in the same period last year[20]. - The company's operating revenue increased by 31.31% year-on-year, primarily due to growth in the emerging equipment industry[21]. - Net profit attributable to shareholders increased by 32.52% year-on-year, driven by revenue growth leading to increased operating profit[21]. - Basic and diluted earnings per share rose by 32.79% year-on-year, reflecting the growth in net profit attributable to shareholders[21]. - The weighted average return on net assets increased by 0.65 percentage points to 3.28%[21]. Research and Development - Research and development expenditure as a percentage of operating revenue decreased by 1.18 percentage points to 9.97%[21]. - The company achieved a total R&D investment of approximately ¥854.58 million, representing a 17.46% increase compared to ¥727.53 million in the previous year[52]. - The proportion of R&D investment to operating income decreased to 9.97% from 11.15% in the previous year[52]. - The company has developed a new generation of IGBT chip products across all voltage levels, enhancing its product offerings in power electronics[47]. - The company has successfully developed over 50 sets of big data platform products for urban rail and railway sectors, focusing on data integration, governance, processing, storage, and sharing[41]. - The company has made significant advancements in high-performance edge computing and multi-sensor fusion technologies, leading to the development of an intelligent perception application platform[25]. - The company has developed a new SiC integrated motor drive system that reduces device weight by over 30% and meets the performance requirements for metro systems operating at 1500V[58]. - The company is focusing on expanding its market presence through the engineering application of intelligent driving technology in heavy-duty locomotives[59]. - The company has established a comprehensive R&D system with over 20 laboratories, enhancing its continuous innovation capabilities across various business areas[64]. Market Expansion and Strategy - The company is expanding into new markets outside of rail transit, including power semiconductor devices and new energy vehicle drive systems[28]. - The national "dual carbon" strategy is expected to create significant growth opportunities in the new energy market, valued in the hundreds of billions[32]. - The company aims to provide comprehensive solutions for rail transit equipment, emphasizing smart and low-carbon technologies[30]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and expand its technological portfolio[182]. - The company is expanding its overseas operations, facing challenges from international trade policies and local economic conditions[80]. - The company is committed to enhancing its core competitiveness through innovative product designs and advanced cooling technologies[58]. - The company plans to establish over 25 new production lines in the sensor segment, aiming for mass production of new chips[72]. - The company is focusing on expanding its market presence and enhancing product development in the upcoming quarters[198]. Environmental and Social Responsibility - The company achieved 100% compliance in wastewater, waste gas, and noise emissions during the first half of 2023[119]. - The company processed 49.99 million tons of wastewater and reused 9.19 million tons in the first half of 2023[115]. - The company has engaged in outdoor environmental awareness activities in collaboration with local environmental departments[124]. - The company is committed to carbon management, conducting carbon emission checks and developing carbon neutrality plans[127]. - The company has successfully produced the first batch of "green hydrogen" at a national-level 10,000-ton new energy hydrogen production project[126]. - The company has established an emergency response plan for environmental incidents and has completed the necessary filings with local environmental authorities[118]. Corporate Governance and Compliance - The board of directors confirmed that the financial report is true, accurate, and complete, with no significant omissions[4]. - The report includes a forward-looking statement risk declaration, indicating that future plans and strategies do not constitute a commitment to investors[6]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[6]. - The company has committed to maintaining a healthy capital ratio to support business development and maximize shareholder value[100]. - The company will strictly adhere to laws regarding related party transactions, ensuring fair pricing and protecting the rights of shareholders[150]. - The company has established long-term commitments regarding the fulfillment of public promises made in the prospectus, with specific measures outlined for violations[147]. - The company will publicly disclose reasons for any failure to fulfill commitments regarding share repurchase[138]. - The company has a long-term commitment to ensure the accuracy and completeness of its financial disclosures and will face civil liability for any misleading information[140]. Shareholder Information - The total number of shares outstanding is 1,416,236,912, with 758,570,493 shares under unrestricted conditions, representing 53.56% of total shares[189]. - The company has 20,088 total shareholders as of the end of the reporting period, with 19,011 A-share holders and 1,077 H-share holders[195]. - The largest shareholder, CRRC Zhuzhou Electric Locomotive Co., Ltd., holds 589,585,699 shares, representing 41.63% of total shares[198]. - The report indicates that there were no changes in earnings per share or net asset per share due to share changes after the reporting period[191]. - The report emphasizes the importance of maintaining a diversified shareholder base to mitigate risks associated with ownership concentration[198].