宏达新材(002211) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 was ¥198,258,309.19, a decrease of 31.18% compared to the same period last year[20]. - The net profit attributable to shareholders was a loss of ¥18,262,965.53, an improvement of 81.32% from a loss of ¥97,754,513.16 in the previous year[20]. - The basic and diluted earnings per share improved to -¥0.0422, up 81.33% from -¥0.2260 in the previous year[20]. - The company's main business revenue for the reporting period was 198 million yuan, with a net profit attributable to the listed company of -18.26 million yuan[29]. - The company's operating revenue for the current period is ¥198,258,309.19, a decrease of 31.18% compared to ¥288,099,279.82 in the same period last year, primarily due to a 34.56% decline in sales volume from its subsidiary Dongguan New Oriental[36]. - The net loss for the first half of 2022 was CNY 18.26 million, compared to a net loss of CNY 97.75 million in the same period of 2021, indicating an improvement in financial performance[141]. - The total comprehensive income for the first half of 2022 was ¥27,969,900.55, compared to -¥4,632,653.33 in the same period of 2021[146]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥67,964,033.15, a significant increase of 181.69% compared to a negative cash flow of ¥83,195,741.05 in the same period last year[20]. - The company reported a significant increase in cash and cash equivalents, rising by 168.09% to ¥69,182,820.61 from -¥101,609,092.32[37]. - The total cash inflow from operating activities was 889,257.72 in the first half of 2022, down from 1,137,787.87 in the first half of 2021, indicating a decline in operational revenue[151]. - The cash flow from operating activities netted a loss of 4,867,500.23 in the first half of 2022, which is a 403.5% increase in losses compared to the previous year[151]. - Cash and cash equivalents at the end of the first half of 2022 amounted to ¥94,120,078.09, compared to ¥34,336,125.19 at the end of the first half of 2021[149]. Assets and Liabilities - Total assets at the end of the reporting period were ¥404,238,137.29, a decrease of 21.86% from ¥517,305,210.83 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 34.44% to ¥34,764,259.70 from ¥53,027,225.23 at the end of the previous year[20]. - Total liabilities were reported at CNY 293,485,147.69, with a notable reduction in short-term borrowings which were previously CNY 4,005,800.00[132]. - The total assets at the end of the reporting period include cash and cash equivalents amounting to ¥219,827,992.64, which represents 54.38% of total assets[41]. Market and Competition - The organic silicon sector's net profit was impacted by the market, resulting in a loss of 7.57 million yuan, prompting the company to focus on promoting higher-margin silicone oil products and new products like electronic potting adhesives and release agents[29]. - The company faces significant market competition risks due to macroeconomic pressures, including the US-China trade war and slowing economic growth, which may impact its market share[54]. - The company is exposed to product price fluctuation risks, particularly due to the volatility of raw material prices, which could adversely affect its operating performance[54]. Environmental and Safety Compliance - The company emphasizes its commitment to safety and environmental protection, implementing measures to manage risks associated with waste and emissions during production[54]. - The company has established 11 sets of pollution control measures at its production site, and all emissions are compliant with environmental regulations[64]. - The company faced an administrative penalty of CNY 100,000 due to violations of the Air Pollution Prevention and Control Law, specifically for evading environmental monitoring[71]. - The company has implemented corrective measures to address the environmental issues, including paying the fine and ensuring compliance with regulations[71]. Corporate Governance and Compliance - The company has not engaged in any securities or derivative investments during the reporting period[47][48]. - The company is actively monitoring the impact of the COVID-19 pandemic and other uncontrollable risks on its operations[55]. - The company faced an investigation by the China Securities Regulatory Commission for suspected information disclosure violations[91]. - The company plans to enhance the training of its directors and senior management on relevant laws and regulations to ensure accurate and timely information disclosure[91]. Research and Development - The company emphasizes technological innovation and has established a dedicated R&D team, achieving multiple patents to reduce production costs and enhance efficiency[31]. - Research and development expenses fell by 47.75% to ¥8,034,038.15, indicating a halt in R&D activities[36]. - The company’s product range includes over 230 types of high-temperature silicone rubber, catering to diverse customer needs across various industries[32]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[4]. - The total number of ordinary shareholders at the end of the reporting period was 33,551, indicating a stable shareholder base[119]. - Jiangsu Weilen Investment Management Co., Ltd. holds 29.07% of the shares, amounting to 125,735,743 shares, with some shares frozen[119]. Related Party Transactions - The company has a related party transaction with Jiangsu Mingzhu, involving a total of 4,828.82 million CNY in silicone rubber product sales[96]. - The company reported a total of 1,664.67 million CNY in receivables from Jiangsu Lightning Rubber Trading Co., Ltd. related to silicone rubber product sales[96]. - The company has no significant related party transactions during the reporting period[100].