JXPCB(SH:688655)2021-08-19 16:00Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2021, representing a year-on-year increase of 20%[2]. - The company achieved a revenue of ¥286,628,242.55 in the first half of 2021, representing a year-on-year growth of 44.03%[22]. - Net profit attributable to shareholders reached ¥35,956,388.88, an increase of 53.33% compared to the same period last year[22]. - The basic earnings per share increased to ¥0.32, up 39.13% from ¥0.23 in the previous year[22]. - The company’s cash flow from operating activities was ¥26,608,535.39, a decrease of 18.58% from the previous year[22]. - The company reported a net profit of ¥35.96 million, up 53.4% from ¥23.45 million in the first half of 2020[196]. - The total profit for the first half of 2021 was approximately ¥39.20 million, compared to ¥26.02 million in the first half of 2020, marking a 50.7% increase[196]. Research and Development - Research and development expenses increased by 30% in the first half of 2021, focusing on high-frequency and high-speed PCB technologies[2]. - The company achieved a total R&D investment of ¥19,157,059.60, representing a 53.44% increase compared to the previous period's ¥12,485,328.91[50]. - The company holds a total of 200 patents, including 17 invention patents and 183 utility model patents, with 1 new invention patent and 7 utility model patents added during the reporting period[48]. - The company has developed multiple advanced PCB production technologies, including selective nickel-gold plating and blind buried hole technology, which are at the industry or domestic advanced level[44]. - The company has focused on improving the thermal dissipation structure of circuit boards, effectively enhancing the stability of power signals and extending the lifespan of LED components[46]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[2]. - The company expects a revenue growth forecast of 25% for the second half of 2021, driven by new product launches and market expansion strategies[2]. - The company is focused on providing one-stop services to meet customer needs throughout the product lifecycle, enhancing its competitive edge in the PCB market[29]. - The company has evolved into a one-stop service model from prototype to mass production since the end of 2016, expanding its business scope significantly[30]. Production and Capacity - The company’s production capacity increased significantly, with output reaching 210,500 square meters, a 103.90% increase compared to the previous year[73]. - The sales volume of the company’s products increased by 74.52%, with an additional 112,000 square meters sold compared to the previous year[23]. - The company has established a robust production model that includes both order-based production for prototypes and mass production, ensuring flexibility and responsiveness to customer needs[34]. Environmental Compliance - The company has established an environmental management system to handle waste and emissions from PCB production, complying with relevant regulations[104]. - The company has maintained compliance with wastewater and air emission standards, with no reported exceedances[106]. - The company has implemented measures for solid waste management, ensuring proper collection, storage, and disposal through qualified third parties[107]. Shareholder Commitments and Governance - The company commits to distributing at least 30% of the average distributable profit over the last three years in cash dividends after reserving statutory and surplus reserves[148]. - The company will not reduce its shareholding during the lock-up period and will comply with relevant regulations regarding share reduction thereafter[128]. - The company has established a lock-up period of 6 months, which may be extended if the stock price falls below the issue price for 20 consecutive trading days[137]. - The company will ensure transparency and fairness in related party transactions through necessary evaluations and consultations[147]. Risks and Challenges - The company faces risks related to macroeconomic fluctuations and raw material price volatility, which could impact sales and operating performance[79][81]. - The report includes a risk statement regarding forward-looking statements, advising investors to be cautious[6].