Der(SZ:002631)2022-08-28 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥823,170,566.49, a decrease of 3.03% compared to ¥848,928,309.11 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥2,251,343.73, down 93.52% from ¥34,724,751.62 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was -¥17,714,410.97, a decline of 202.21% compared to ¥17,330,959.99 in the same period last year[22]. - The net cash flow from operating activities was -¥209,573,600.45, representing an 84.96% decrease from -¥113,310,073.89 in the previous year[22]. - The basic earnings per share were ¥0.0034, down 93.46% from ¥0.0520 in the same period last year[22]. - The diluted earnings per share were also ¥0.0034, reflecting a 93.46% decrease compared to ¥0.0520 in the previous year[22]. - The weighted average return on equity was -0.37%, a decline of 2.31% from 1.94% in the previous year[22]. - The company reported a net profit of -17.71 million yuan after deducting non-recurring gains and losses[41]. - The company achieved operating revenue of 823.17 million yuan and a net profit attributable to shareholders of 2.25 million yuan during the reporting period[41]. - The company reported a total revenue of CNY 365,940,922.74 with a net profit of CNY -8,316,814.03 for the reporting period[89]. - The company's net profit excluding non-recurring gains and losses decreased by 273% compared to the same period last year, resulting in a net loss of ¥1,771.44 million[175]. - The interest coverage ratio declined by 63.97% year-on-year, indicating a significant drop in profitability[175]. - The cash interest coverage ratio fell by 141.68%, reflecting a decrease in net cash flow from operating activities[175]. - The current ratio decreased by 4.46% to 1.93, while the quick ratio dropped by 7.14% to 0.91[177]. - The company's total equity decreased to CNY 1,837,490,800.02 from CNY 1,856,130,225.81, reflecting a decline of approximately 1.0%[185]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,190,707,266.25, an increase of 4.94% from ¥3,993,521,965.68 at the end of the previous year[22]. - The total liabilities increased to CNY 2,353,216,466.23 as of June 30, 2022, up from CNY 2,137,391,739.87 at the beginning of the year, representing an increase of approximately 10.1%[185]. - Short-term borrowings surged to ¥297,471,059.72, compared to ¥64,516,975.28 at the start of the year[184]. - The company's total current liabilities increased to CNY 1,601,829,075.73 from CNY 1,388,869,064.50, reflecting a rise of approximately 15.3%[185]. - The total amount of restricted assets at the end of the reporting period was ¥336,205,110.69, including cash and cash equivalents of ¥130,606,791.01[75]. - The company's cash and cash equivalents decreased by 79.39% to a net reduction of ¥538.65 million, primarily due to increased cash outflows from operating and investing activities[62]. - The company's cash and cash equivalents decreased to CNY 253,259,803.93 from CNY 374,324,933.14, a decline of about 32.4%[186]. - The total inventory increased to ¥1,270,486,495.28, accounting for 30.32% of total assets, up from 28.87%[72]. Market and Industry Insights - The company operates in the wood processing and wood products industry, classified under manufacturing with industry code C21[30]. - In the first half of 2022, the wood flooring industry experienced a slowdown in production and sales growth due to the downturn in the real estate market, with total sales volume of wood and bamboo flooring in China reaching approximately 413 million square meters in 2021, a year-on-year increase of about 0.39%[31][32]. - The custom home furnishing industry in China achieved a revenue of 800.46 billion yuan in 2021, with a year-on-year growth of 13.5%[35]. - The flooring segment has established partnerships with over 100 home decoration companies, enhancing its market presence[45]. - The company aims to explore the "second renovation" and "old house transformation" markets to establish a leading position in niche segments[94]. - The real estate sector's downturn significantly impacted the company's performance, with residential sales area down 26.6% and sales revenue down 31.8% in the first half of 2022[92]. Research and Development - The company emphasizes research and development in graphene-related fields, with a focus on applications such as air purification products and graphene thermal materials[39]. - The company's R&D investment was approximately ¥15.65 million, a decrease of 6.93% from ¥16.82 million in the previous year[62]. - Research and development expenses rose to CNY 15,653,168.76, an increase of 18.54% from CNY 13,199,883.68 in the previous year[188]. - The company has made significant strides in the graphene new materials sector, with products including graphene thermal materials and air purifiers[54]. Corporate Governance and Compliance - The company has not reported any violations of commitments made by its actual controllers or major shareholders during the reporting period[111]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[115]. - There were no violations regarding external guarantees during the reporting period[116]. - The semi-annual financial report was not audited[117]. - The company did not experience any major litigation or arbitration matters during the reporting period[119]. - There were no significant related party transactions during the reporting period[120]. - The company did not engage in any asset or equity acquisitions or sales during the reporting period[121]. Social Responsibility and Employee Engagement - The company actively fulfilled its social responsibility during the COVID-19 pandemic, organizing over 140 volunteers to assist with nucleic acid testing for nearly 300,000 people[106]. - The company conducted various training programs for employees, including leadership training and quality management, to enhance professional skills and meet personal development needs[106]. - The company emphasized safety as a top priority, implementing a "President Inspection Day" to address safety issues directly on the production floor[108]. - In June 2022, the company launched a "Safety Production Month" campaign, which included emergency drills and safety knowledge dissemination to enhance employee awareness[108]. - The company has made significant investments in talent development, holding regular internal sharing sessions to foster a culture of continuous improvement[106]. Strategic Initiatives - The company plans to enhance brand promotion and innovate marketing activities to mitigate risks from the declining real estate market[93]. - The company is focusing on the dual main business strategy of "focusing on home furnishing and cultivating new materials" to improve management efficiency and resource allocation[91]. - The company will implement a digital internal control management system to reduce operational risks associated with management inefficiencies[91]. - The company plans to maintain a cautious approach to raw material procurement and improve production efficiency to counteract price volatility risks[96]. - The company is implementing the Bilink project to enhance digitalization, improving order management and production efficiency[52]. Shareholder Information - The total number of shareholders at the end of the reporting period was 42,297, with no preferred shareholders[153]. - The largest shareholder, Del Group, holds 54.18% of the shares, totaling 356,831,040 shares, with 156,978,947 shares pledged[153]. - The second-largest shareholder, Wang Mo, holds 9.35% of the shares, totaling 61,606,230 shares, with 12,000,000 shares pledged[153]. - The company has not reported any significant impacts on financial metrics due to the changes in shareholding[148]. - The company has not engaged in any repurchase transactions among the top 10 shareholders during the reporting period[154]. - The controlling shareholder and actual controller of the company did not change during the reporting period[156].