山东墨龙(002490) - 2023 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2023 was ¥798,419,015.10, a decrease of 49.18% compared to ¥1,570,941,941.65 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was a loss of ¥158,242,397.13, an improvement of 8.38% from a loss of ¥172,717,715.72 in the previous year[19]. - The net cash flow from operating activities was negative at ¥23,770,597.65, a decline of 141.77% compared to a positive cash flow of ¥56,906,850.11 in the same period last year[19]. - The basic earnings per share for the reporting period was -¥0.1983, an improvement of 8.41% from -¥0.2165 in the same period last year[19]. - The company reported a significant increase in short-term borrowings, which rose to ¥2,056,148,505.85, accounting for 55.25% of total liabilities[44]. - The company reported a net loss of RMB 163,934,000 for the first half of 2023, compared to a net loss of RMB 183,171,000 in the same period of 2022[62]. - The company reported a total comprehensive loss of CNY 164,603,217.18 for the first half of 2023, compared to a loss of CNY 184,030,965.40 in the same period of 2022[176]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,721,541,449.42, down 7.85% from ¥4,038,605,559.51 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company decreased by 16.00% to ¥829,910,098.20 from ¥987,960,842.88 at the end of the previous year[19]. - Total liabilities as of June 30, 2023, were RMB 2,974,997,000, compared to RMB 3,871,015,000 as of June 30, 2022[63]. - The company's total equity as of June 30, 2023, was CNY 746,544,267.44, down from CNY 910,353,208.24, reflecting a decrease of about 17.96%[168]. - The company's debt-to-asset ratio was approximately 79.94%, up from 77.46% in 2022, with total liabilities of RMB 2,974,997 thousand and total assets of RMB 3,721,541 thousand[84]. Revenue and Costs - The operating cost was 745 million yuan, down 50.86% year-on-year, also attributed to the decrease in sales of common pipes and forged products[36]. - Domestic revenue accounted for 79.63% of total revenue, down from 95.96% in the same period last year, while international revenue increased by 156.48% to ¥162,650,275.58[39]. - Total operating costs for the first half of 2023 were CNY 959,074,308.28, down 45.0% from CNY 1,746,829,087.21 year-on-year[175]. Research and Development - Research and development expenses decreased by 25.29% to ¥18,226,212.09, down from ¥24,397,415.04 in the previous period[41]. - The company has developed new products, including special connection threads for oil casing and various types of pumps, enhancing its competitive edge in the industry[32]. - Research and development expenses for the first half of 2023 were CNY 15,508,358.85, down 38.3% from CNY 25,104,469.52 in the same period of 2022[175]. Market and Sales - The company has established a mature sales network and a dedicated team for domestic and international market research and sales[27]. - The company has entered four new overseas markets and acquired 11 new customers in the first half of 2023[33]. - The company is focusing on promoting its HIsmelt technology, which has been recognized as internationally leading in the field of metallurgy[31]. Government and Subsidies - The company received government subsidies amounting to ¥132,723.59 during the reporting period, primarily related to cross-border e-commerce support[24]. Environmental and Social Responsibility - The company has complied with relevant environmental protection policies and standards, ensuring all construction projects passed environmental impact assessments[105]. - The company invested a total of 1.6473 million yuan in environmental governance and protection during the reporting period[113]. - The company actively participated in social welfare activities, including organizing a blood donation event in collaboration with the local blood center[119]. Corporate Governance - The company has established a robust governance structure to protect shareholder rights, ensuring compliance with legal and regulatory requirements[118]. - The company has not engaged in any significant asset or equity sales during the reporting period[55]. - The company has not adopted any share incentive plans since its establishment[72].