BOAMAX(SZ:002514)2020-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2020 was ¥226,540,465.07, a decrease of 47.56% compared to ¥431,963,344.37 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was a loss of ¥20,400,431.09, representing a decline of 127.57% from a profit of ¥74,000,688.63 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥22,693,947.55, down 131.51% from ¥72,025,917.02 in the same period last year[17]. - The net cash flow from operating activities was ¥57,430,665.32, a decrease of 18.02% compared to ¥70,054,758.17 in the previous year[17]. - The total assets at the end of the reporting period were ¥1,750,441,916.69, a decrease of 1.64% from ¥1,779,538,505.81 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were ¥991,126,317.02, down 1.97% from ¥1,011,026,884.05 at the end of the previous year[17]. - The company's operating revenue for the reporting period was 226.54 million yuan, a year-on-year decrease of 47.56% due to the impact of the COVID-19 pandemic[38]. - The net profit attributable to shareholders was -20.40 million yuan, a decline of 127.57% compared to the previous year[38]. - Research and development investment decreased by 27.08% to 17.97 million yuan[40]. - The revenue from the intelligent manufacturing segment was 165.57 million yuan, accounting for 73.08% of total revenue, with a decrease of 47.10% year-on-year[42]. - The revenue from energy-saving and environmental protection segment was 60.97 million yuan, representing 26.92% of total revenue, down 48.75% year-on-year[42]. - The company's gross profit margin for the intelligent manufacturing segment was 18.34%, a decrease of 12.05% compared to the previous year[43]. - The company reported a net profit margin of approximately 10.5% for the first half of 2020, reflecting ongoing operational challenges[137]. - The company reported a comprehensive income total of -10,490,301.56 CNY for the current period, indicating a significant decline in profitability[163]. Investments and Assets - The company's overseas asset in the Philippines has a registered capital of $4 million, contributing to 3.97% of the company's net assets with a net profit of 319,676.13 yuan for the first half of 2020[29]. - The total assets of the company as of June 30, 2020, were CNY 1,222,226,370.92, down from CNY 1,272,782,124.09 at the end of 2019[139]. - The total liabilities of the company at the end of the first half of 2020 were 2,440.00 million yuan, compared to 2,720.00 million yuan at the end of the first half of 2019, showing a decrease of approximately 10.3%[158]. - The company’s total assets at the end of the first half of 2020 were 3,505.34 million yuan, compared to 3,664.96 million yuan at the end of the first half of 2019, indicating a decrease of about 4.34%[156]. - The total equity attributable to the parent company at the end of the reporting period was 794,886,800.00 CNY, a decrease of 10,490,301.56 CNY compared to the previous period[162]. Research and Development - Youzhi Technology has developed a zero-discharge electrochemical process technology for desulfurization wastewater, significantly reducing sludge volume compared to traditional methods and saving on coagulant costs[33]. - The company has obtained 8 invention patents, 134 utility model patents, and 3 design patents as of June 30, 2020, showcasing its strong R&D capabilities[33]. - Research and development expenses for the first half of 2020 were CNY 17,966,371.48, down 26.9% from CNY 24,637,155.00 in the first half of 2019[140]. - The company is focusing on the research and development of new products and projects, acknowledging the cyclical risks associated with the time required for R&D to yield market benefits[66]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company continues to pursue growth in smart manufacturing while engaging in external growth strategies[24]. - The company plans to continue strengthening brand building and intellectual property management to enhance development quality and efficiency[35]. - The company plans to focus on expanding its market presence and developing new technologies in the upcoming quarters[159]. - The company has indicated a strategic shift towards enhancing its product offerings and exploring potential mergers and acquisitions to drive growth[159]. - The management expressed optimism about future performance despite the current financial challenges, aiming for a recovery in the latter half of 2020[159]. Legal and Compliance - The company has ongoing litigation involving a claim against Yuan Rongmin for a total amount of CNY 28.33 million, which has been dismissed[76]. - The company has also filed a lawsuit against Shanghai Apani Electric Power Technology (Group) Co., Ltd. for a loan amounting to CNY 41.45 million, which has been concluded[76]. - The company plans to enhance the enforcement of its legal rights following the recent court rulings[76]. - The half-year financial report has not been audited[74]. - There were no significant related party transactions during the reporting period[80]. - The company has not experienced any penalties or rectification situations during the reporting period[78]. Financial Management - The company reported a total investment of CNY 0 during the reporting period, a significant decrease of 100% compared to CNY 6,500,000 in the same period last year[53]. - The company has no significant equity investments or non-equity investments during the reporting period[54]. - The company did not engage in any securities or derivative investments during the reporting period[56][57]. - The company’s total financial liabilities remained at CNY 0, indicating no financial debt[50]. - The company’s investment in financial assets was entirely sourced from its own funds, with no external financing[55]. - The company has ongoing construction projects for new facilities in Xiamen, contributing to an increase in construction in progress to 101.59 million yuan[49]. Human Resources and Management - The company emphasizes talent management by establishing graduate and postdoctoral workstations, enhancing its human resource capabilities for technological innovation[34]. - Management expenses have increased due to the expansion of the company's operations, impacting profit margins; the company plans to strengthen budget management to control these expenses[66]. Market and Industry - The company operates in the metal products industry, specifically in the CNC sheet metal sector, focusing on medical device components and various precision sheet metal structures[168]. - The company has plans for market expansion in the fields of energy equipment and environmental technology[170]. - The company is engaged in various activities including the leasing of factories and equipment, and the provision of engineering services[170].