FJR(SH:688272)2023-08-24 16:00Financial Performance - The company's gross profit margin for the main business decreased from 35.40% in the first half of 2022 to 26.04% in the first half of 2023[4]. - The company's operating revenue for the first half of 2023 reached ¥90,153,126.39, representing a 223.76% increase compared to ¥27,845,427.09 in the same period last year[21]. - The net profit attributable to shareholders was -¥46,949,680.65, slightly worsening from -¥43,244,717.68 year-on-year[21]. - The net cash flow from operating activities improved significantly to ¥27,961,608.88, compared to -¥54,638,214.87 in the previous year[21]. - The company's total assets decreased by 10.39% to ¥671,112,419.19 from ¥748,961,427.23 at the end of the previous year[22]. - The net assets attributable to shareholders decreased by 7.77% to ¥538,462,895.95 from ¥583,803,259.10 at the end of the previous year[22]. - The basic earnings per share for the first half of 2023 was -¥0.62, compared to -¥0.57 in the same period last year[23]. - The company reported a total revenue of 8,702 million CNY for the first half of 2023, with a net profit of 3,418 million CNY, representing a profit margin of approximately 39.2%[57]. - The company reported a net loss of ¥28,100,052.09, a 249.07% decline compared to the previous period[97]. - The company reported a total of 3,021,403 shares held by Hu Lan, with a price of 3.98 RMB per share[170]. Risks and Challenges - The company faces delisting risk due to a negative net profit attributable to shareholders and revenue below RMB 100 million in 2022[4]. - The report highlights various risks faced by the company, including declining gross margins and potential bad debts from accounts receivable[4]. - The company faces a risk of product price decline due to intense market competition, which could adversely affect future profitability if operational strategies are not adjusted accordingly[80]. - The company is at risk of delisting due to a negative net profit and revenue below CNY 100 million in 2022, which could trigger delisting procedures if similar conditions persist in 2023[80]. - The company relies on external procurement for core components like detectors, which can increase costs by approximately 20-35%, impacting price competitiveness[84]. - The company is facing quality control risks as it scales operations, necessitating continuous improvement in its quality management systems[86]. Research and Development - The research and development expenditure accounted for 37.92% of operating revenue, a decrease of 64.29 percentage points from 102.20% in the previous year[23]. - The company has developed multiple core technologies in the infrared thermal imaging field, achieving domestic advanced or near-international advanced levels in key products such as handheld thermal imagers and optical radar systems[35]. - The company has established a robust R&D system, enhancing core competitiveness from the design of components to the development of comprehensive optoelectronic systems[44]. - The company has accumulated rich industry experience and technical reserves, with core technologies including multi-point temperature imaging compensation and low-power large-area sensor driving technology[45]. - The company has developed a non-contact temperature measurement technology that significantly improves the efficiency and accuracy of industrial equipment temperature detection[46]. - The company has a strong R&D team with 138 personnel, representing 47.59% of total employees, and has established a comprehensive R&D organizational structure[71]. - Research and development expenses increased by 20.12% year-on-year, totaling approximately ¥34.18 million, attributed to the ongoing implementation of fundraising projects and increased related R&D expenditures[52][53]. - The company has completed the design and development of two non-cooled infrared detectors, 640×512 and 1280×1024, with a pixel size of 12μm[68]. Corporate Governance - There are no special arrangements for corporate governance or non-operating fund occupation by controlling shareholders[8]. - The report is unaudited, and the management has confirmed the accuracy and completeness of the financial statements[6]. - The company has not proposed any profit distribution or capital reserve transfer to increase share capital during this reporting period[7]. - The company held a shareholders' meeting on May 26, 2023, where all proposals were approved[101]. - The company has not reported any administrative penalties due to environmental issues during the reporting period[109]. Environmental Responsibility - The company actively implements environmental protection measures and has established a comprehensive environmental management system[112]. - Wastewater generated by the company meets the Beijing water pollution discharge standards[112]. - Solid waste is classified and collected, with regular disposal by local sanitation agencies[113]. - The company has adopted energy-saving equipment to reduce electricity consumption and greenhouse gas emissions[114]. Future Outlook - The company is committed to addressing the challenges posed by increased competition in the industry[4]. - Future outlook includes a focus on product structure and cost control to mitigate risks associated with gross margin decline[4]. - The company plans to invest in new product development and market expansion strategies in the upcoming quarters[162]. - The overall R&D strategy focuses on enhancing product competitiveness and expanding market applications in both military and civilian sectors[57]. Shareholder Information - The company has a total of 2,841 common stock shareholders as of the end of the reporting period[167]. - The top shareholder, Ningbo Ruijifu Technology Center, holds 14,672,272 shares, accounting for 19.31% of total shares[169]. - The company has not reported any changes in the controlling shareholder or actual controller during the reporting period[174]. - The company has not experienced any changes in its share capital structure during the reporting period[165].