SUPCON Technology (SH:688777)2023-08-23 16:00Financial Performance - The company reported a semi-annual revenue of 1.2 billion RMB, representing a year-on-year increase of 15%[1]. - The company's operating revenue for the first half of 2023 reached ¥3,641,206,964.84, representing a 36.54% increase compared to ¥2,666,814,415.61 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was ¥510,711,580.63, a 62.88% increase from ¥313,546,833.30 year-on-year[16]. - The net profit after deducting non-recurring gains and losses was ¥423,871,173.02, up 77.71% from ¥238,521,514.09 in the previous year[16]. - The company's revenue for the first half of 2023 was CNY 3,641.21 million, an increase of 36.54% year-over-year; net profit attributable to shareholders was CNY 510.71 million, up 62.88% year-over-year; and net profit excluding non-recurring items was CNY 423.87 million, a growth of 77.71% year-over-year[18]. - The company reported a revenue increase of 15% year-over-year for the first half of 2023[124]. - The gross margin improved to 45%, up from 42% in the previous year[125]. User Growth and Market Expansion - User data indicates a growth in active users by 20%, reaching 500,000 users by the end of the reporting period[1]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share by the end of the fiscal year[1]. - The company is actively pursuing market expansion and technological integration through its 5T technology, which combines automation and information technology[16]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by the end of 2024[128]. Research and Development - The company has invested 100 million RMB in R&D for new technologies aimed at improving product offerings and reducing costs[1]. - The company's R&D investment accounted for 11.16% of operating revenue, up from 10.29% in the previous year, indicating a focus on innovation[17]. - The company achieved a 48.20% increase in R&D investment in the first half of 2023, totaling approximately ¥406.48 million compared to ¥274.29 million in the same period last year[60]. - R&D investment amounted to 406.48 million yuan, up 48.20% year-on-year, accounting for 11.16% of total revenue[79]. - The company holds a total of 556 patents, including 384 invention patents, 145 utility model patents, and 27 design patents as of June 30, 2023[57]. Strategic Initiatives and Acquisitions - A strategic acquisition of a local competitor was completed, which is anticipated to contribute an additional 200 million RMB in annual revenue[1]. - The company completed the acquisition of Hobré International BV, enhancing its capabilities in high-end analytical instruments and accelerating international market expansion[75]. - The company has developed a new generation of integrated intelligent operation management and control systems, marking a significant application breakthrough in large-scale petrochemical projects[44]. Financial Guidance and Projections - The company has set a revenue guidance for the next quarter, projecting a growth of 10% to 1.32 billion RMB[1]. - The company anticipates significant cash flow recovery in the second half of the year due to a peak in cash collection[18]. Risk Management - The management highlighted potential risks including market volatility and supply chain disruptions, which could impact future performance[1]. - The company faces risks related to technological upgrades and market competition, which could impact its product competitiveness and market share[84][89]. - Global economic uncertainties and geopolitical tensions may affect the company's overseas operations and overall business development[90]. Environmental and Social Responsibility - The company invested 257,400 RMB in environmental protection during the reporting period[112]. - The company reduced carbon dioxide equivalent emissions by 613.54 tons by using 780,000 kWh of green electricity from January to June 2023[116]. - The company has established an environmental protection mechanism and has not faced any administrative penalties for environmental issues during the reporting period[113]. - The company is actively promoting clean energy use and has implemented a smart energy management platform to monitor resource usage[116]. Corporate Governance - The board confirmed that there are no significant governance issues affecting the integrity of the financial report[1]. - The company will strictly comply with laws and regulations regarding shareholder holdings and share changes, including reductions[130]. - The company will ensure that any share reduction plans comply with the relevant regulations and will disclose information in a timely manner[132]. Shareholder and Stock Management - The company will take measures to stabilize its stock price if the closing price falls below the audited net asset value per share for 20 consecutive trading days[133]. - The company plans to repurchase shares to stabilize stock prices, subject to compliance with relevant laws and regulations[134]. - The company will ensure that any share repurchase plan is approved by at least two-thirds of the voting rights at the shareholders' meeting[134]. Operational Efficiency - The company has implemented new strategies to enhance customer engagement, aiming for a 15% increase in customer retention rates[1]. - The management expense ratio decreased by 1.19 percentage points to 5.60%, and sales expense ratio decreased by 1.16 percentage points to 9.31%[81]. - Inventory turnover rate significantly improved to 0.63, indicating enhanced operational efficiency[81].