东晶电子(002199) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 was ¥93,584,915.44, a decrease of 40.22% compared to ¥156,541,005.09 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was a loss of ¥17,363,855.20, representing a decline of 181.30% from a profit of ¥21,357,630.40 in the previous year[21]. - The net cash flow from operating activities was a negative ¥13,374,858.92, down 153.17% from ¥25,153,498.68 in the same period last year[21]. - The basic and diluted earnings per share were both -¥0.0713, a decrease of 181.30% compared to ¥0.0877 in the previous year[21]. - The total operating revenue for the reporting period was ¥93,584,915.44, a decrease of 40.22% compared to ¥156,541,005.09 in the same period last year[39]. - The net profit for the first half of 2022 was a loss of ¥17,465,957.25, compared to a profit of ¥21,357,630.40 in the same period of 2021[124]. - The operating profit for the first half of 2022 was a loss of ¥17,623,801.87, contrasting with a profit of ¥21,391,181.36 in the first half of 2021[123]. - The company reported a total of ¥3,311,962.44 in non-recurring gains and losses during the reporting period[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥622,653,604.86, a decrease of 7.08% from ¥670,116,382.10 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company were ¥418,096,108.25, down 3.99% from ¥435,459,963.45 at the end of the previous year[21]. - The company's current assets decreased to CNY 319,024,465.66 from CNY 376,336,688.40, reflecting a reduction of about 15.2%[114]. - Total liabilities decreased to CNY 203,776,216.43 from CNY 233,773,036.42, indicating a reduction of about 12.8%[116]. - The total equity at the end of the reporting period is RMB 423,617,297.16, reflecting a decrease of RMB 2,365,313.83 in comprehensive income during the period[154]. Cash Flow - The net cash flow from operating activities for the first half of 2022 was -13,374,858.92 CNY, a significant decrease compared to 25,153,498.68 CNY in the same period of 2021[130]. - Cash inflows from operating activities totaled ¥92,275,870.19 in the first half of 2022, down from ¥110,827,155.24 in the first half of 2021[129]. - The net cash flow from investment activities was -36,952,592.70 CNY, worsening from -23,338,160.80 CNY in the previous year[130]. - The total cash and cash equivalents at the end of the period decreased to 94,965,588.07 CNY from 99,957,565.85 CNY at the end of the previous year[130]. - The company experienced a net decrease in cash and cash equivalents of 54,003,383.91 CNY during the reporting period[130]. Research and Development - Research and development expenses were CNY 8.43 million, a slight decrease of 1.70% compared to the previous year[36]. - Research and development expenses for the first half of 2022 were ¥8,426,728.31, slightly down from ¥8,572,147.05 in the first half of 2021[123]. - The company plans to enhance its research and development efforts to maintain a competitive edge in the domestic quartz crystal component market, focusing on emerging applications like 5G and IoT[56]. Inventory and Impairment - The company recorded a provision for inventory impairment of CNY 12.37 million during the reporting period, impacting net profit[31]. - The company reported an asset impairment loss of ¥12,371,112.79, which accounted for 70.83% of total profit, mainly due to a decline in sales orders and prices[42]. - Inventory increased significantly to CNY 117,478,473.94, up from CNY 97,689,781.46, marking an increase of approximately 20.2%[114]. Shareholder Information - The total number of unrestricted shares is 243,442,363, representing 100% of the total shares[99]. - The largest shareholder, Li Qingyue, holds 12.60% of the shares, totaling 30,680,360 shares, with an increase of 4,830,400 shares during the reporting period[101]. - The company has 19,144 total common shareholders at the end of the reporting period[101]. - There were no changes in the controlling shareholder or actual controller during the reporting period[104]. Corporate Governance and Compliance - The semi-annual financial report has not been audited, indicating a lack of external validation for the financial data presented[73]. - The company has not faced any environmental penalties during the reporting period and adheres to environmental protection laws[65]. - The company has implemented measures to ensure employee rights and benefits, including compliance with labor laws and social security contributions[66]. - The company’s financial report was approved by the board of directors on August 25, 2022, ensuring governance and oversight[156]. Market and Business Operations - The company operates in the electronic components industry and has a total capital reserve of RMB 515,559,887.15 as of June 30, 2022[156]. - The company’s products are widely used in various sectors, including communications, automotive electronics, and consumer electronics[29]. - The sales model includes both direct sales to electronic manufacturers and sales through intermediaries, with a focus on customer service[30]. Financial Reporting and Accounting Policies - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy[158]. - The company recognizes investment income based on its share of the investee's net profit and adjusts the carrying value of the investment accordingly[191]. - Financial assets are classified at initial recognition based on the company's business model and cash flow characteristics, including those measured at amortized cost and those measured at fair value[174].