Feymer(SH:688350)2022-08-30 16:00Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[1]. - The company has set a revenue guidance of RMB 1.2 billion for the full year 2022, reflecting an expected growth of 10%[1]. - The company's operating revenue for the first half of 2022 was ¥793,435,522.96, representing an increase of 18.87% compared to ¥667,460,031.82 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2022 was ¥62,270,918.62, a slight increase of 0.26% from ¥62,109,220.49 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥55,044,662.35, which is a 12.39% increase from ¥48,974,432.98 in the same period last year[21]. - The net cash flow from operating activities decreased by 32.33% to ¥35,989,056.35 from ¥53,185,810.74 in the previous year[21]. - The total assets at the end of the reporting period were ¥1,818,135,170.38, down 1.61% from ¥1,847,893,883.47 at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 1.55% to ¥1,372,695,209.94 from ¥1,394,285,522.09 at the end of the previous year[21]. - Basic earnings per share for the first half of 2022 were ¥0.51, a decrease of 3.77% compared to ¥0.53 in the same period last year[22]. Market Expansion and Strategy - User data indicates a growth in active users by 20% compared to the same period last year, reaching 1.2 million active users[1]. - New product launches contributed to 30% of total revenue, with significant demand for the latest technology solutions[1]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2023[1]. - The company is focusing on expanding its product offerings in high-performance and new products to meet the evolving demands of downstream industries[30]. - The company aims to increase its market presence in the oil and gas sector, particularly in drilling and fracturing agents, despite currently having a low market share[35]. Research and Development - Research and development expenses increased by 18%, totaling RMB 80 million, focusing on innovative technologies[1]. - The company's R&D expenditure accounted for 4.58% of operating revenue, reflecting a slight increase of 0.05 percentage points[23]. - The company achieved a total R&D investment of ¥36,324,980.24, representing a 20.12% increase compared to ¥30,239,506.16 in the previous year[57]. - The company holds a total of 151 authorized patents, including 58 invention patents, reflecting ongoing innovation in water-soluble polymer manufacturing and water treatment membrane technology[55]. - The company has 15 ongoing R&D projects, demonstrating a commitment to advancing its core technologies[55]. Operational Efficiency and Cost Management - The company has implemented new strategies to enhance operational efficiency, aiming for a 5% reduction in operational costs by the end of 2022[1]. - The production model combines monthly planning for regular products with customized production for large projects, minimizing inventory costs while ensuring timely delivery[45]. - The company is focusing on enhancing product quality and reducing costs through ongoing research and development efforts across various projects[58]. Risks and Challenges - The management highlighted potential risks including market volatility and supply chain disruptions, which could impact future performance[1]. - The company faces risks related to core technology personnel turnover and the need for continuous R&D investment to maintain competitiveness[81]. - The company faced risks from rising raw material prices, particularly due to geopolitical factors affecting international oil prices[86]. - The company is experiencing increased competition in the functional monomer sector, with pressure from both domestic and international competitors[87]. Environmental and Compliance - The company has implemented a zero wastewater discharge upgrade project, achieving water reuse through its sewage treatment station[112]. - The company’s main pollutants emissions comply with national or local regulations[112]. - The company has established an emergency response plan for environmental incidents, which has been filed with the Zhangjiagang Environmental Emergency Response Center[118]. - The company optimized its thermal power production unit, reducing raw coal consumption by approximately 1,000 tons and CO2 emissions by 2,000 tons in the first half of the year[120]. Shareholder and Corporate Governance - The company has no plans for major acquisitions in the near term, prioritizing organic growth strategies[1]. - The company guarantees not to misuse its position to harm the interests of the company or its shareholders through related party transactions[132]. - The company commits to maintaining transparency and accountability in its financial reporting and investor communications[162]. - The company will ensure compliance with all legal and regulatory requirements regarding shareholder equity changes and will disclose any stock reduction plans[148].