SACO(SZ:002025)2022-08-22 16:00Financial Performance - The company's operating revenue for the first half of 2022 was CNY 3,069,370,210.44, representing a 31.08% increase compared to CNY 2,341,558,523.70 in the same period last year[10]. - Net profit attributable to shareholders was CNY 303,625,300.34, up 19.00% from CNY 255,150,738.65 year-on-year[10]. - The net profit after deducting non-recurring gains and losses was CNY 294,198,591.22, an increase of 18.18% compared to CNY 248,932,188.47 in the previous year[10]. - The company's basic earnings per share increased by 13.56% to CNY 0.67 from CNY 0.59 in the same period last year[10]. - The total profit amounted to ¥398,098,978.44, reflecting a growth of 22.84% compared to the previous year[18]. - The total operating income for the reporting period reached ¥3,069,370,210.44, a 31.08% increase from ¥2,341,558,523.70 in the same period last year[22]. - The company reported a total profit of CNY 398,098,978.44, up 23.0% from CNY 324,074,442.07 in the same period last year[92]. - The total comprehensive income for the period was CNY 352,101,102.68, compared to CNY 290,014,572.59 in the previous year, marking a 21.4% increase[93]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,929,737,984.93, reflecting a 7.83% increase from CNY 9,208,721,286.84 at the end of the previous year[10]. - Current liabilities rose to CNY 3,331,138,243.69, compared to CNY 2,877,855,283.36, indicating an increase of about 15.7%[89]. - Non-current liabilities totaled CNY 311,366,601.21, slightly up from CNY 302,492,240.15, reflecting a growth of around 2.9%[89]. - The total liabilities increased to CNY 2,541,837,009.41, up from CNY 2,345,969,177.01, indicating a growth of 8.3%[91]. - The total equity attributable to shareholders of the parent company was CNY 5,466,933,066.64, compared to CNY 5,243,399,539.12, reflecting a growth of about 4.3%[89]. Cash Flow - The net cash flow from operating activities was negative at CNY -531,603,995.63, a decline of 53.86% compared to CNY -345,521,844.02 in the same period last year[10]. - The net cash flow from investment activities decreased by 57.26% to -¥143,151,901.99, attributed to cash payments for ongoing projects[21]. - Cash inflow from financing activities totaled 4,300,000.00 CNY in the first half of 2022, while cash outflow for financing activities was 90,532,451.20 CNY, resulting in a net cash flow from financing activities of -90,532,451.20 CNY[99]. - The total cash and cash equivalents at the end of the first half of 2022 were 1,286,240,298.45 CNY, a decrease from 1,865,265,589.59 CNY at the beginning of the period, reflecting a net decrease of 579,025,291.14 CNY[99]. Research and Development - Research and development expenses increased by 40.99% to ¥251,408,276.25, driven by investments in high-speed transmission and integrated system interconnection technologies[18]. - The company's R&D investment increased by 40.99% to ¥251,408,276.25, compared to ¥178,316,837.92 in the previous year, focusing on high-speed transmission interconnection technology and intelligent manufacturing[21]. Market and Competition - The company is recognized as a key player in the high-end connector, micro-motor, relay, and optoelectronic industries in China[15]. - The company reported a stable growth in demand for high-end electronic components, particularly in aerospace, aviation, electronics, and communications sectors, despite increased competition and macroeconomic fluctuations[39]. - The company plans to enhance its market competitiveness and profitability by increasing R&D investment and optimizing its operational management systems[40]. Environmental Compliance - The wastewater treatment facility has a designed capacity of 500 m³/d, meeting the water treatment needs and ensuring compliance with the discharge standards[47]. - The company has implemented energy audits and upgraded the heating system in the electroplating workshop, aiming to achieve energy-saving targets[48]. - The company has established a self-monitoring plan for environmental compliance, ensuring treated wastewater is analyzed and approved before discharge[48]. - The company has no reported administrative penalties for environmental issues during the reporting period[48]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[2]. - The management has outlined potential risk factors and countermeasures in the report, emphasizing the importance of investor awareness regarding investment risks[2]. - The company emphasizes compliance and regular internal audits to mitigate management risks associated with its growing scale[41]. Investments and Acquisitions - The company has ongoing investments in subsidiaries, including a purchase of 68% of Shenzhen Aerospace Electric Motor Systems Co., Ltd. for ¥57,968,940.47[28]. - The company acquired 68% of the equity in Shenzhen Aerospace Electric Motor System Co., Ltd. to enhance its competitiveness in the civil motor industry[37]. - The company also acquired 51% of the equity in Shenzhen Smart Micro Motor Co., Ltd. to expand its civil motor product line[37]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 16,810[77]. - The largest shareholder, Aerospace Jiangnan Group Co., Ltd., holds 39.47% of the shares, totaling 178,666,306 shares[77]. - The company issued 23,662,256 shares through a private placement, increasing total shares from 429,000,000 to 452,662,256[74].