FDM(SZ:002196)2022-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,069,261,450.12, representing a 21.69% increase compared to ¥878,686,191.51 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was a loss of ¥7,254,919.71, a decline of 204.19% from a profit of ¥6,963,274.88 in the previous year[19]. - The basic and diluted earnings per share were both -¥0.0145, a decrease of 198.64% from ¥0.0147 in the previous year[19]. - The company's revenue for the reporting period reached ¥1,069,261,450.12, representing a year-on-year increase of 21.69%, primarily driven by the growth in electric motor sales for new energy vehicles[36]. - The sales of automotive applications accounted for 53.69% of total revenue, increasing by 58.75% compared to the previous year, while smart controllers contributed 30% of total revenue with a 19.11% increase[38]. - The company's revenue for the mechanical industry reached CNY 1,030,435,940, representing a year-on-year increase of 26.80%[39]. - Revenue from automotive applications was CNY 574,135,439, with a growth rate of 58.75% compared to the same period last year[39]. - The gross profit margin for automotive applications improved to 6.97%, an increase of 2.65% year-on-year[39]. - The company reported a net profit of 18,933,290 yuan for the first half of 2022, reflecting a significant increase compared to previous periods[54]. - The net profit attributable to shareholders for the first half of 2022 was 498.9 million yuan, a decrease of 22.65% year-on-year[164]. Cash Flow and Investments - The net cash flow from operating activities decreased by 60.06%, amounting to ¥34,467,868.34 compared to ¥86,305,716.31 in the same period last year[19]. - The company’s investment cash flow net amount was -¥312,169,202.47, a significant decline of 219.64%, attributed to increased fixed asset purchases and infrastructure investments[36]. - The company reported a net cash flow from investing activities of -CNY 312,169,202.47, worsening from -CNY 97,661,609.33 in the first half of 2021[151]. - Cash inflow from investment activities totaled CNY 456,368,795.84, a slight increase from CNY 405,214,686.97 in the previous year[151]. - The company’s cash flow from operating activities was impacted by a significant increase in payments to employees, which rose to CNY 165,748,165.07 from CNY 141,277,154.25 in the previous year[150]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,316,394,469.28, reflecting a 3.64% increase from ¥3,200,013,234.40 at the end of the previous year[19]. - The company's accounts receivable increased to CNY 640,700,756, which is 19.32% of total assets, up from 17.21% last year[41]. - The inventory level decreased to CNY 359,989,410, with a turnover improvement due to increased customer orders[41]. - The company's cash and cash equivalents decreased to CNY 452,147,298, accounting for 13.63% of total assets, down from 17.73% last year[41]. - The total liabilities of the company were not explicitly stated in the provided documents, but the current liabilities included short-term borrowings and accounts payable[136]. Research and Development - Research and development expenses increased by 10.74% to ¥74,777,326.83, reflecting the company's commitment to advancing technologies such as 800V high-voltage motors and flat wire motors[36]. - The company's R&D expenses increased to CNY 74.78 million in the first half of 2022, compared to CNY 67.53 million in the same period of 2021, marking a 10.6% increase[144]. - The company has allocated 25 million for research and development, aiming to enhance product innovation[159]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[157]. Market and Competitive Position - The company has achieved significant market share in various segments, including a 75% global market share in multi-functional household sewing machine motors, and ranks third in electric motor shipments for new energy vehicles, following BYD and Tesla[32]. - The company continues to face challenges from external factors such as the COVID-19 pandemic and geopolitical tensions, impacting its micro-motor business and overall production capacity[29]. - The company is exploring potential mergers and acquisitions to strengthen its market position[159]. - The future outlook remains cautious due to market volatility and competition, with a focus on cost control and efficiency improvements[159]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities[78]. - The total emissions for chlorine and particulate matter were 20.72 million m³/a and 10.22 million m³/a respectively, both meeting environmental standards[78]. - The company has implemented various pollution control measures, including low-temperature plasma technology and activated carbon adsorption[80]. - The company plans to actively fulfill social responsibilities while balancing environmental protection, aiming to build a well-known brand trusted by society[86]. Shareholder and Corporate Governance - The company emphasizes the protection of shareholder rights and adheres to fair and transparent practices in its operations[85]. - The company has committed to a minimum cash dividend ratio of 30% of the distributable profits for the past three years, with cumulative cash dividends not less than the average distributable profits of the last three years[89]. - The company did not distribute cash dividends or issue bonus shares for the half-year period[69]. - The company has outlined a plan for shareholder returns over the next three years, including potential cash or stock dividends[89].