JONHON(SZ:002179)2023-08-22 16:00Financial Performance - The company's operating revenue for the first half of 2023 was approximately ¥10.76 billion, representing a 31.33% increase compared to the same period last year[12]. - The net profit attributable to shareholders of the listed company reached approximately ¥1.95 billion, an increase of 29.40% year-on-year[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥1.92 billion, reflecting a 30.20% increase compared to the previous year[12]. - The net cash flow from operating activities was approximately ¥591.57 million, up 30.32% from the same period last year[12]. - Basic earnings per share increased to ¥0.9399, a rise of 27.79% year-on-year[12]. - Diluted earnings per share reached ¥0.9153, marking a 24.70% increase compared to the previous year[12]. - The total profit for the same period was CNY 227,631.78 million, reflecting a year-on-year growth of 26.45%[19]. - The company's operating revenue for the reporting period reached ¥10,757,837,805.16, representing a year-on-year increase of 31.33% compared to ¥8,191,302,400.34 in the same period last year[25]. - The company reported a net profit of ¥2,054,378,436.42, which is a 27.2% increase from ¥1,614,853,119.82 in the same period last year[118]. - The total comprehensive income for the first half of 2023 was ¥2,055,868,849.62, compared to ¥1,614,371,085.57 in the previous year, marking a growth of 27.3%[119]. Revenue and Costs - The total operating costs for the first half of 2023 were ¥8,418,375,877.37, compared to ¥6,372,460,578.87 in the first half of 2022, indicating an increase of about 32.2%[117]. - The revenue from the connector industry was ¥10,571,029,862.56, accounting for 98.26% of total operating revenue, with a year-on-year growth of 31.32%[26]. - Revenue from electrical connectors and integrated interconnect components was ¥8,437,645,277.56, with a year-on-year growth of 32.09%[27]. - Revenue from optical connectors and other optical devices was ¥1,605,808,260.83, showing a year-on-year increase of 27.84%[27]. Assets and Liabilities - The total assets of the company at the end of the reporting period were approximately ¥32.58 billion, a 2.35% increase from the end of the previous year[12]. - The total assets as of June 30, 2023, amounted to ¥28,068,404,285.21, up from ¥27,297,305,329.32 at the beginning of the year, reflecting a growth of approximately 2.8%[116]. - The total liabilities decreased to ¥9,698,558,772.27 from ¥10,404,806,555.20, showing a reduction of about 6.8%[117]. - The total assets at the end of the reporting period amounted to CNY 144,944,147,000.00, demonstrating the company's strong asset base[132]. Investments and R&D - The company’s R&D investment amounted to ¥946,645,198.75, reflecting a 28.76% increase from ¥735,173,813.51 in the previous year[25]. - Research and development expenses increased to ¥780,096,706.70, representing a rise of 24.8% from ¥625,231,111.75 in the previous year[120]. - The company has made technological breakthroughs in high-speed transmission, RF transmission, and deep-water sealing technologies[20]. Market and Expansion - The global connector market is expected to exceed USD 90 billion by the end of 2023, with a compound annual growth rate of 5.8% over the next five years[17]. - The company launched its South China industrial base project, which is now operational, enhancing its high-end manufacturing capabilities[20]. - The company plans to raise CNY 350 million through a private placement to improve the production and delivery capabilities of RF connectors[20]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[138]. Environmental and Compliance - The company has complied with environmental regulations and has not faced penalties for violations in the first half of 2023[62]. - The company reported zero discharge of key pollutants such as nickel, cyanide, and cadmium during the reporting period[64]. - The company has established a wastewater treatment station that has been operating normally, with all wastewater meeting the discharge standards as per the Electroplating Pollutant Discharge Standards[71]. - The company has implemented a carbon reduction strategy, completing a third-party carbon audit and initiating the construction of an energy management information platform in the first half of 2023[71]. Shareholder and Governance - The company plans to not distribute cash dividends or issue bonus shares for the half-year period[58]. - The company has undergone a change in its board of directors and senior management as of January 13, 2023[56]. - The company held multiple shareholder meetings in 2023, including the first extraordinary meeting on January 13 and the annual meeting on April 12[55]. - The company has implemented a stock incentive plan, granting 41,383,200 shares to incentive objects as part of its employee retention strategy[142]. Risk Management - The company faces economic downturn risks due to geopolitical instability and insufficient market demand, impacting profit margins[53]. - To mitigate risks, the company is enhancing collaboration with major clients and focusing on emerging industries like new energy vehicles and information technology[54]. - The company has established management systems for foreign exchange hedging, effectively controlling related risks[42]. - The company’s risk management includes monitoring market conditions and adjusting strategies to minimize foreign exchange losses[41].