兴森科技(002436) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 2,695,397,022.94, representing a 13.71% increase compared to CNY 2,370,509,923.76 in the same period last year[11]. - The net profit attributable to shareholders of the listed company was CNY 359,431,636.10, an increase of 26.08% from CNY 285,085,910.16 year-on-year[11]. - The net profit after deducting non-recurring gains and losses decreased by 5.47% to CNY 271,220,159.83 from CNY 286,920,488.93 in the previous year[11]. - The net cash flow from operating activities was CNY 211,704,159.30, down 5.19% from CNY 223,295,910.98 in the same period last year[11]. - Basic earnings per share increased by 26.32% to CNY 0.24 from CNY 0.19 year-on-year[11]. - Total assets at the end of the reporting period were CNY 9,750,515,403.94, a 17.44% increase from CNY 8,302,218,319.33 at the end of the previous year[11]. - The net assets attributable to shareholders of the listed company increased by 6.33% to CNY 4,000,390,295.52 from CNY 3,762,384,141.26 at the end of the previous year[11]. - The weighted average return on equity was 9.14%, up from 8.52% in the previous year, reflecting a 0.62% increase[11]. Revenue Breakdown - The IC packaging substrate business generated revenue of 374,629,000 CNY, growing 26.80% year-on-year, with a gross margin of 27.16%, an increase of 6.36 percentage points[24]. - PCB business revenue was 2,006,790,300 CNY, a 12.15% increase year-on-year, but gross margin decreased by 4.19 percentage points to 30.16%[24]. - Semiconductor test board revenue was 228,017,000 CNY, up 12.09% year-on-year, with a gross margin of 20.76%, down 1.41 percentage points[25]. - The semiconductor industry revenue reached CNY 602,645,960.01, marking a 20.81% increase from CNY 498,855,508.73 in the previous year[27]. - The PCB industry contributed CNY 2,006,790,318.43, accounting for 74.45% of total revenue, with a year-on-year growth of 12.15%[27]. Investment and R&D - R&D investment increased by 26.46% to CNY 155,457,107.53, up from CNY 122,927,954.57 in the previous year[26]. - The company has applied for a total of 1,003 patents, including 546 invention patents and 455 utility model patents, with 758 patents granted, including 320 invention patents[17]. - The company aims to continue expanding its semiconductor business and provide differentiated products and services by leveraging its innovative capabilities[22]. - The company has successfully integrated CAD design, manufacturing, and SMT services into a one-stop service model, improving project management efficiency[19]. Cash Flow and Financing - The net cash flow from operating activities decreased by 5.19% to CNY 211,704,159.30, compared to CNY 223,295,910.98 in the same period last year[26]. - Investment activities generated a net cash outflow of CNY 928,474,637.12, a 207.64% increase from CNY -301,810,033.10 in the previous year, primarily due to increased payments for equipment and infrastructure[26]. - Cash inflow from financing activities totaled CNY 2,299,314,350.96, significantly higher than CNY 1,067,981,438.79 in the same period last year[152]. - The net cash flow from financing activities was CNY 797,202,213.35, compared to CNY 164,884,407.48 in the first half of 2021, indicating a strong increase[152]. Environmental and Social Responsibility - The company has been recognized as a "National High-tech Enterprise" and has established several provincial-level R&D institutions, enhancing its research capabilities[17]. - The company has implemented measures to ensure that all emissions meet the required standards, with no exceedances reported[65]. - The company donated 620,000 RMB for rural revitalization projects in Guizhou Province during the 2022 Guangdong Poverty Alleviation Day event[87]. - The company has actively supported a poverty alleviation workshop in Guizhou, transferring all necessary tooling orders to help it recover from order declines due to the pandemic[87]. Risk Management - The company has outlined potential risks and countermeasures in its management discussion and analysis section, emphasizing the importance of investor awareness regarding market uncertainties[2]. - The company faces risks from macroeconomic fluctuations, including the impact of the Russia-Ukraine conflict and COVID-19, which may affect its strategic and operational management[54]. - The company aims to mitigate raw material price volatility risks by optimizing order structures and enhancing supplier relationships[56]. Corporate Governance - The company does not plan to distribute cash dividends or issue bonus shares for the reporting period[2]. - The independent directors have provided a favorable opinion on the company's derivative investment and risk control measures, confirming compliance with legal regulations[41]. - The company held multiple shareholder meetings during the reporting period, with participation rates ranging from 18.16% to 22.74%[58]. Financial Position - The company's total liabilities reached CNY 4,244,795,560.32, up from CNY 3,616,071,719.10, reflecting overall growth in financial obligations[147]. - The company's current ratio was 1.17, a decrease of 13.97% compared to the previous year[136]. - The debt-to-asset ratio increased to 54.16%, up 5.78% from the previous year[136]. - The company maintained a loan repayment rate of 100%[138]. Shareholder Information - A total of 219 employees, including directors and senior management, hold 1,487.90 million shares, representing 1.00% of the company's total share capital[60]. - Major shareholder Qiu Xingya holds 16.42% of shares, totaling 244,376,552 shares, with 183,282,414 shares under lock-up[121]. - The total number of ordinary shareholders at the end of the reporting period is 89,657[118].