SUZHOU GOOD-ARK(SZ:002079)2022-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,670,993,244.25, representing a 38.34% increase compared to ¥1,207,928,481.54 in the same period last year[22]. - The net profit attributable to shareholders was ¥140,915,081.49, up 22.58% from ¥114,955,749.88 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥133,033,429.17, reflecting a 32.80% increase from ¥100,177,641.76 year-on-year[22]. - The company's total assets at the end of the reporting period were ¥3,237,872,603.30, a 6.66% increase from ¥3,035,806,457.27 at the end of the previous year[22]. - The net assets attributable to shareholders increased by 2.48% to ¥2,451,703,161.24 from ¥2,392,273,887.86[22]. - The basic earnings per share rose to ¥0.1746, a 17.26% increase compared to ¥0.1489 in the same period last year[22]. - The company reported a net cash flow from operating activities of -¥32,604,438.94, a significant decrease of 280.92% compared to ¥18,021,341.94 in the previous year[22]. - The weighted average return on equity was 5.74%, slightly down from 5.75% in the previous year[22]. - The company's revenue for the first half of 2022 reached ¥1,670,993,244.25, representing a 38.34% increase compared to ¥1,207,928,481.54 in the same period last year[43]. - The company's R&D investment increased by 11.30% to ¥54,956,678.14, compared to ¥49,377,185.01 in the previous year[43]. - The company's sales expenses increased by 64.18% to ¥46,467,269.55, reflecting the growth in subsidiary sales[43]. - The revenue from the domestic market accounted for 74.37% of total revenue, showing a 43.37% increase from the previous year[46]. - Investment income for the period was CNY 10,582,884.38, accounting for 6.37% of total income[48]. - The company reported a fair value loss of CNY 1,057,901.99, representing a decrease of 0.64%[48]. - The company reported a total revenue of 258.5 million in the first half of 2022, reflecting a growth of 10.52% compared to the previous period[58]. - The company reported a profit of 20.87 million from a call option transaction, highlighting effective financial management strategies[60]. - The company reported a total of 39.43 million in forward contracts, indicating a proactive approach to currency risk management[60]. - The company reported a total of 32.06 million in forward and put options as of June 1, 2022, with a slight increase of 0.09%[62]. - The company reported a total revenue of 4,376 million RMB for the first half of 2022, with a year-on-year increase of 168.1%[64]. - The company’s financial performance reflects a robust growth trajectory, with strategic investments in new technologies and market expansion initiatives planned for the future[64]. Business Segments - The semiconductor business achieved a revenue of CNY 678.93 million as of June 30, 2022, maintaining a stable performance[33]. - The silver paste business reported sales of CNY 991.05 million, a year-on-year increase of 92.06%, driven by breakthroughs in single crystal PERC SE silver paste performance[34]. - The semiconductor segment generated ¥678,927,277.80, accounting for 40.63% of total revenue, while the new energy materials segment contributed ¥991,047,080.71, representing 59.31% of total revenue, with a 92.06% year-on-year growth[46]. - The gross profit margin for the semiconductor segment was 20.86%, while the new energy materials segment had a gross profit margin of 14.33%[46]. - The company has developed over 3,000 product varieties across more than 50 series in the semiconductor sector, with applications in various industries including aerospace, automotive, and industrial appliances[29]. - The company is focusing on enhancing its market share among the global top 100 automotive clients, with products widely used in various automotive electronic applications[33]. - The company has made significant progress in the development of TOPCON silver paste and HJT low-temperature silver paste, with several clients completing small-scale production[34]. - The company has established a reliability demonstration power station for silver-coated copper, which is currently operational and collecting long-term empirical data[34]. - The company has upgraded to the latest IATF16949 standard for high-end automotive products, gaining recognition from international automotive electronic clients[36]. - The company is actively collaborating with international benchmark clients in the semiconductor packaging and testing sector[33]. Research and Development - The company applied for 7 patents in 2022, including 2 invention patents and 5 utility model patents, bringing the total number of effective patents to 232[37]. - The company is actively developing new technologies and products, including TOPCON silver paste, which has shown significant performance improvements[82]. - The company acknowledges the risk of technological obsolescence due to rapid global advancements and plans to enhance its R&D efforts[102]. Environmental and Social Responsibility - The company achieved a wastewater chemical oxygen demand (COD) level of 190 mg/L, significantly below the regulatory limit of 350 mg/L, with an annual discharge of 4.57 tons[120]. - The company reported a suspended solids level in wastewater of 16 mg/L, well under the limit of 400 mg/L, resulting in an annual discharge of 0.511 tons[120]. - The company maintained an ammonia nitrogen level in wastewater of 2.92 mg/L, which is below the regulatory limit of 45 mg/L, with an annual discharge of 0.043 tons[120]. - The company successfully treated volatile organic compounds (VOCs) in exhaust gases, achieving a concentration of 3.43 mg/m³, significantly lower than the limit of 50 mg/m³, with an annual discharge of 0.037 tons[120]. - The company has implemented online monitoring systems for both wastewater and exhaust gas emissions, ensuring compliance with environmental regulations[120]. - The company has completed a round of clean production activities, improving resource utilization efficiency and reducing pollutant emissions[121]. - The company has established a blue-level environmental credit rating, reflecting its commitment to environmental protection and compliance[121]. - The company actively participated in community support during the COVID-19 pandemic, with 191 employees contributing approximately 1,528 hours of service[124]. - The company donated 1 million yuan to local charities and engaged in various community service activities, enhancing its corporate social responsibility profile[124]. Risk Management - The company faces significant risks from the cyclical nature of the semiconductor industry, which can impact its operational performance[97]. - The company is exposed to risks from RMB appreciation, which could weaken its competitiveness in export markets[99]. - To mitigate foreign exchange risks, the company will closely monitor market dynamics and collaborate with financial institutions to manage currency fluctuations[100]. - The company is increasing its focus on managing accounts receivable, particularly in its wholly-owned subsidiary, to mitigate credit risks[104]. - The company aims to enhance its risk management strategies to address market, liquidity, credit, operational, and legal risks associated with derivative investments[64]. Corporate Governance - The company has not changed the purpose of the raised funds, maintaining a 0% change rate[66]. - The company has not encountered any major changes in project feasibility during the reporting period[68]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[122]. - The company reported no significant litigation or arbitration matters during the reporting period[133]. - The company has not experienced any bankruptcy reorganization-related matters during the reporting period[133]. - There were no major related party transactions in daily operations during the reporting period[138]. - The company did not engage in any asset or equity acquisitions or sales during the reporting period[139]. - The company has fully accounted for the unpaid project funds related to the construction of the new factory in its liabilities[135]. - The company has made provisions for bad debts amounting to 1,946.8 million yuan related to various lawsuits[136]. - The company has not received any payments from defendants in ongoing litigation as of the end of the reporting period[136]. - The acquisition agreement was officially terminated on August 18, 2022, with independent directors providing prior approval and consent[146]. - The company has no significant guarantees, leasing, or entrusted management situations reported during the reporting period[152][151][148]. - The total amount of entrusted financial management products reached RMB 182.1668 million, with no overdue amounts reported[153]. - The company has engaged in multiple bank financial products, with amounts including RMB 1,000 million, RMB 6,000 million, and RMB 5,000 million among others, all yielding no overdue receivables[153][155]. - The average yield on entrusted financial products ranged from 3.10% to 3.80%[155]. - The company has not entered into any other significant contracts during the reporting period[156]. Shareholder Information - The company reported a total of 153,074 shareholders at the end of the reporting period, with the largest shareholder, Suzhou Tongbo Electronics, holding 25.19% of the shares[176]. - The company’s shareholding structure includes 97.75% of shares being unrestricted[162]. - The company reported a decrease of 92,191 shares in limited sale condition shares during the period[162]. - The total number of shares held by the company's repurchase account was 4,830,000, accounting for 0.60% of the total share capital[172]. - The company’s financial report for the first half of 2022 has not been audited[189]. - The company’s accounts receivable financing decreased to CNY 87.25 million from CNY 121.33 million, a decline of approximately 28.1%[190]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[180]. - The company has not yet completed the share repurchase as of the reporting date[158]. - The repurchase plan was disclosed in multiple announcements published on various dates in April, May, and June 2022[157].