东晶电子(002199) - 2019 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2019 was ¥93,506,690.58, a decrease of 2.95% compared to ¥96,350,354.64 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was -¥11,310,499.51, representing a decline of 9.10% from -¥10,367,340.82 in the previous year[18]. - The net cash flow from operating activities was -¥374,843.72, a significant decrease of 102.44% compared to ¥15,379,082.13 in the same period last year[18]. - The basic earnings per share were -¥0.0465, down 9.15% from -¥0.0426 in the same period last year[18]. - The diluted earnings per share were also -¥0.0465, reflecting the same percentage decrease of 9.15%[18]. - The weighted average return on net assets was -3.01%, a decline of 0.73% compared to -2.28% in the previous year[18]. - The company reported a gross profit margin of -18.8% for the first half of 2019, compared to -8.8% in the same period of 2018[131]. - The total comprehensive loss for the first half of 2019 was CNY 11,310,499.51, compared to a loss of CNY 10,367,340.82 in the same period of 2018[132]. Assets and Liabilities - Total assets at the end of the reporting period were ¥518,326,237.17, an increase of 8.39% from ¥478,193,288.51 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company decreased by 2.96% to ¥370,442,039.67 from ¥381,752,539.18 at the end of the previous year[18]. - Total liabilities rose to CNY 147,884,197.50, compared to CNY 96,440,749.33, marking an increase of 53.3%[123]. - The company's total assets reached CNY 518,326,237.17, up from CNY 478,193,288.51, indicating a growth of 8.4%[123]. - The total equity attributable to the parent company at the end of the current period is CNY 370,442,039.67[149]. Cash Flow - The net cash flow from investment activities for the first half of 2019 was 3,950,981.04, recovering from a negative cash flow of -46,515,091.91 in the same period of 2018[139]. - The total cash inflow from investment activities in the first half of 2019 was 178,836,815.18, a substantial increase from 427,087.38 in the first half of 2018[139]. - The cash flow from financing activities in the first half of 2019 was -263,709.09, slightly improved from -268,290.91 in the same period of 2018[139]. - The company reported a net increase in cash and cash equivalents of 3,312,428.23 in the first half of 2019, contrasting with a decrease of -31,404,300.69 in the same period of 2018[140]. Research and Development - The company continued to invest in R&D, with R&D expenses amounting to RMB 6.25 million, a decrease of 4.50% from RMB 6.55 million in the previous year[36]. - The company aims to strengthen its research and development efforts to maintain its competitive edge in the quartz crystal component industry[62]. - The company plans to enhance its R&D projects by conducting feasibility analyses to align with market demands and improve the compensation and incentive mechanisms for R&D personnel[63]. Market and Sales - The company maintained stable production and sales of quartz crystal components despite market pressures, with a focus on enhancing R&D and market expansion in response to the accelerating 5G commercialization[33]. - The revenue from the resonator product line was RMB 90,137,846.63, accounting for 96.40% of total revenue, with a year-on-year decrease of 2.19%[38]. - Domestic sales increased by 2.23% to RMB 66,779,543.96, representing 71.42% of total revenue, while foreign sales decreased by 13.87% to RMB 26,727,146.62, accounting for 28.58%[38]. Corporate Governance - The company has no major related party transactions during the reporting period[76]. - The company has not engaged in any significant equity or non-equity investments during the reporting period[49]. - The company has not reported any significant securities or derivative investments during the reporting period[51][52]. - The company did not distribute cash dividends or issue bonus shares during the reporting period[67]. Future Outlook - The company expects a net profit of between 4 million and 24 million RMB for the first three quarters of 2019, a turnaround from a net loss of 18.279 million RMB in the same period of 2018[60]. - The net profit for Q3 2019 is projected to be between 15 million and 35 million RMB, compared to a net loss of 7.91 million RMB in Q3 2018[60]. - The company plans to enhance its product innovation and competitiveness to mitigate market risks due to economic downturns and increased competition[61]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 19,407[103]. - The largest shareholder, Beijing Qianshi Chuangfu, holds 14.80% of the shares, totaling 36,036,036 common shares[104]. - The company has no controlling shareholder or actual controller as of June 10, 2019[105][107]. Compliance and Regulations - The financial report for the first half of 2019 was not audited[118]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect a true and complete picture of its financial status[167]. - The company has not initiated any poverty alleviation work during the reporting period[91].