Orbbec (SH:688322)2023-08-29 16:00Financial Performance - Basic earnings per share for the first half of 2023 was -0.35 CNY, compared to -0.34 CNY in the same period last year[30] - Diluted earnings per share for the first half of 2023 was -0.35 CNY, unchanged from the previous year[30] - The net profit attributable to shareholders was a loss of CNY 140.22 million, which is an increase in loss of 13.57% year-on-year[52] - The total comprehensive income attributable to the parent company for the first half of 2023 was -¥139,582,526.06, compared to -¥121,525,664.65 in the same period of 2022[135] - The net profit for the first half of 2023 was -79,924,707.89 RMB, compared to -66,636,608.07 RMB in the same period of 2022, indicating a decline in profitability[168] - The total profit for the first half of 2023 was -79,924,707.89 RMB, slightly improved from -90,121,028.55 RMB in the previous year[168] Cash Flow and Operating Activities - The net cash flow from operating activities for the reporting period was -145.20 million RMB, a decrease compared to the same period last year, primarily due to a reduction in cash received from sales of goods and services[32] - Cash inflow from operating activities totaled ¥189,951,404.21, down from ¥390,308,363.73 in the first half of 2022[137] - Cash outflow for operating activities was ¥335,152,721.04, compared to ¥401,089,958.68 in the previous year[137] - Operating cash inflow totaled RMB 136,146,160.38, down 59.3% from RMB 333,786,029.35 in the previous year[138] Research and Development - R&D investment accounted for 101.86% of operating revenue, a decrease of 3.96 percentage points from 105.82% in the previous year[30] - Research and development expenses amounted to ¥168,413,907.84, a decrease of 13.0% from ¥193,666,780.15 in the first half of 2022[133] - Research and development expenses amounted to RMB 86,544,186.65, a decrease of 16.3% from RMB 103,367,696.80 in the first half of 2022[167] Market and Industry Trends - The 3D vision sensor industry is expected to enter a rapid growth phase, driven by advancements in core technologies and supportive government policies, expanding into various fields such as AIoT and autonomous driving[35] - The market scale of the 3D vision perception industry continues to grow, supported by increasing commercial maturity and a complete industrial chain[35] - The global 3D vision sensing market size was USD 8.2 billion in 2022 and is expected to reach USD 17.2 billion by 2028[76] Product Development and Technology - The company is focusing on the development of 3D vision perception technology, which is evolving from industrial to consumer applications, indicating a broadening market scope[35] - The company has developed a comprehensive 3D vision sensing technology system supported by full-stack technical capabilities, enhancing development efficiency and performance metrics[69] - The company has advanced its iToF light-sensitive chip technology, optimizing pixel transfer speed and achieving ultra-high depth frame rates[89] - The company is actively developing cutting-edge technologies such as area array dToF and area array Lidar, indicating a commitment to innovation in 3D vision technology[81] Financial Position - The total assets at the end of the reporting period were CNY 3.38 billion, a decrease of 1.52% from the end of the previous year[52] - The net assets attributable to shareholders were CNY 3.13 billion, down 2.98% from the previous year[52] - The company’s total assets at the end of the reporting period were 4,115,763,005.20 RMB[174] Intellectual Property and Innovation - The company has applied for a total of 1,682 patents, including 1,098 invention and PCT patents, and has obtained 747 patents, with 296 being invention patents[113] - The company has established a robust intellectual property portfolio through its core technology development, facilitating cross-innovation among different technical routes[81] Operational Efficiency - The company has improved procurement arrangements to enhance supply chain efficiency and security, focusing on order demand and market forecasts[79] - The company has successfully implemented a full-chain mass production process for 3D visual sensors, enabling it to achieve a production capacity of over one million units, making it one of the few companies globally to do so[106]