Yoke Technology(SZ:002409)2023-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2023 was ¥2,322,618,899.25, representing a 12.82% increase compared to ¥2,058,609,017.53 in the same period last year[11]. - The net profit attributable to shareholders of the listed company was ¥341,365,365.06, up 21.30% from ¥281,424,570.96 in the previous year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥349,267,958.90, reflecting a 28.65% increase from ¥271,481,969.22 year-on-year[11]. - The net cash flow from operating activities was ¥212,418,273.57, a significant increase of 76.18% compared to ¥120,570,714.68 in the same period last year[11]. - Basic earnings per share for the reporting period were ¥0.7290, an increase of 23.29% from ¥0.5913 in the previous year[11]. - The total profit for the first half of 2023 was CNY 435.20 million, compared to CNY 363.58 million in the same period last year, indicating an increase of around 20%[1]. - The total comprehensive income for the first half of 2023 was CNY 326.05 million, compared to CNY 239.82 million in the same period last year, reflecting an increase of approximately 36%[92]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥11,507,475,420.60, marking an 8.60% increase from ¥10,596,437,008.94 at the end of the previous year[11]. - The company's total equity as of June 30, 2023, was CNY 8,407,985,540.77, compared to CNY 8,134,099,638.92 at the beginning of the year, indicating an increase of 3.4%[88]. - The total liabilities increased to CNY 3,099,489,879.83 as of June 30, 2023, from CNY 2,462,337,370.01 at the beginning of the year, representing a rise of 25.9%[88]. - The company's current assets totaled RMB 5,530,700,034.20, up from RMB 5,221,922,679.04 at the start of the year, indicating an increase of about 5.9%[86]. - The company's non-current assets totaled RMB 5,976,775,386.40, up from RMB 5,374,514,329.89, indicating a growth of about 11.2%[87]. Business Operations - The electronic materials business has solidified its market position, with precursor materials entering the leading tier in the industry and new products in client testing[16]. - The company has expanded its LNG insulation board business, completing the construction of intelligent production lines and successfully producing qualified products for clients[18]. - The company has maintained stable growth in its electronic specialty gas business, supplying major clients like TSMC and Intel[16]. - The company is focusing on R&D investments to enhance core competitiveness, particularly in electronic materials and LNG insulation board projects[19]. - The company has optimized management and internal control systems to improve operational efficiency and responsiveness to market changes[20]. Dividends and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[2]. - The company commits to a cash dividend distribution of no less than 10% of the distributable profit for each year from 2021 to 2023, with a cumulative cash distribution of at least 30% of the average annual distributable profit over three years[69]. - The company reported a total of 475,927,678 shares outstanding, with 33.07% being restricted shares and 66.93% being unrestricted shares[78]. - The largest shareholder, Shen Qi, holds 22.00% of the shares, amounting to 104,721,941 shares[80]. Environmental Compliance - The company completed the renewal of its national pollutant discharge permit on July 7, 2023, valid until July 14, 2028[55]. - The company reported no instances of exceeding pollution discharge standards during the reporting period[56]. - The total environmental protection investment by Jiangsu Yake Technology amounted to approximately CNY 476,600, with an environmental protection tax payment of CNY 11,000 during the reporting period[62]. - Jiangsu Yake established a wastewater treatment facility that operates effectively, ensuring compliance with discharge standards after treatment[59]. Risks and Future Outlook - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential uncertainties in future plans[2]. - The company faces risks from excessive industry competition and will focus on service and technological innovation to maintain and enhance market share[48]. - The company plans to strengthen international trade management to mitigate the impact of exchange rate fluctuations on revenue, which constitutes a significant portion of total income[48]. Research and Development - Research and development expenses increased to CNY 73.10 million, compared to CNY 59.04 million in the previous year, marking a rise of approximately 24%[1]. - The company has made significant progress in developing new products and technologies, including advanced materials for chip manufacturing and new types of flame retardants[19]. Financial Management - The financial expenses decreased to CNY -37.49 million, compared to CNY -24.48 million in the previous year, indicating an improvement in financial management[1]. - The company reported an investment income of CNY 20.78 million, a significant increase from CNY 0.25 million in the previous year[1]. Compliance and Governance - The company has not engaged in any major litigation or arbitration matters during the reporting period[71]. - The company has established a long-term commitment to maintain compliance with relevant laws and regulations regarding related party transactions[68].