康强电子(002119) - 2019 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2019 was ¥652,033,707.96, a decrease of 12.28% compared to ¥743,348,193.60 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was ¥48,181,436.51, an increase of 21.82% from ¥39,551,164.10 in the previous year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥26,460,203.58, a decrease of 28.64% compared to ¥37,079,957.73 in the same period last year[16]. - The basic earnings per share were ¥0.13, up 18.18% from ¥0.11 in the previous year[16]. - The total operating revenue for the reporting period was RMB 652,033,707.96, a decrease of 12.28% compared to RMB 743,348,193.60 in the same period last year[44]. - The total profit for the first half of 2019 was CNY 67,679,769.79, compared to CNY 20,974,577.13 in the same period of 2018, representing a significant increase[157]. - The net profit for the first half of 2019 reached CNY 65,654,837.19, up from CNY 17,817,763.77 in the previous year, indicating a growth of approximately 268%[158]. - The company reported a total comprehensive income of CNY 48,181,436.51, compared to CNY 46,359,639.45 in the first half of 2018[154]. Revenue Breakdown - The revenue from lead frame products was ¥362,544,644.07, a decline of 9.18% year-on-year[39]. - The revenue from bonding wire products was ¥153,202,113.43, a decrease of 26.46% compared to the previous year[39]. - The revenue from electrode wire products was ¥128,342,527.41, reflecting a growth of 3.68% year-on-year[39]. - Domestic revenue was RMB 483,353,165.32, representing 74.13% of total revenue, down 17.34% year-on-year[44]. - Foreign revenue increased by 6.38% to RMB 168,680,542.64, accounting for 25.87% of total revenue[44]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,697,092,057.72, an increase of 1.01% from ¥1,680,074,737.51 at the end of the previous year[16]. - The total liabilities decreased to CNY 848,841,309.11 from CNY 870,363,448.42, a reduction of 2.5%[145]. - Total equity increased to CNY 734,391,834.08, compared to CNY 675,953,502.96 in the previous year[150]. - The company's net cash and cash equivalents decreased by 385.82% to RMB -4,730,881.03, primarily due to increased cash outflows for investments during the reporting period[42]. Investment Activities - The company made a significant equity investment of 80 million yuan, holding a 40% stake in a new sports culture development project[58]. - The company reported a loss of 7,590.4 yuan from this investment during the reporting period[60]. - The company engaged in futures trading with a total amount of 13,849,470.00 yuan purchased and 13,639,650.00 yuan sold, resulting in a loss of 40,315.51 yuan[62]. - The company utilized self-owned funds for all investments reported[62]. Risks and Challenges - The company has reported risks related to the semiconductor industry and fluctuations in raw material prices[4]. - The company is facing risks from the semiconductor industry's price competition, which has affected sales prices and profit levels[75]. - The semiconductor industry is cyclical, and the company's performance is closely tied to the industry's economic conditions, which can lead to risks associated with pricing and profit margins[75]. Legal Matters - The company is involved in a legal dispute with Aomet, seeking the return of 278.6 million RMB for a six-channel chip production line and compensation for losses[85]. - A court ruling on May 5, 2019, ordered Aomet to return 108 million RMB to the company and compensate for losses related to a sales contract[85]. - Aomet has filed an appeal against the court's decision regarding the sales contract[86]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 46,414[127]. - The largest shareholder, Ningbo Pulisais Electronic Co., Ltd., holds 19.72% of shares, totaling 74,009,208 shares, which are frozen[127]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[129]. Environmental Compliance - The company reported a total wastewater discharge of 80,000 tons/year, with a maximum allowable discharge of 158,000 tons/year, indicating compliance with pollution standards[108]. - The company has established a comprehensive emergency response plan for environmental incidents, which has been filed with the environmental protection bureau[111]. - The company has maintained compliance with pollution discharge standards, with no reported exceedances[108]. Future Plans - The company plans to not distribute cash dividends or issue bonus shares for the half-year period[80]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[168].