GDM(SZ:002636)2022-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,885,617,588.03, a decrease of 39.00% compared to ¥3,091,063,184.55 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was ¥57,107,665.34, down 89.54% from ¥546,197,240.45 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥7,702,452.00, a decline of 98.48% compared to ¥508,288,551.91 in the previous year[21]. - The net cash flow from operating activities was ¥201,109,508.03, representing a decrease of 44.24% from ¥360,672,912.03 in the same period last year[21]. - Basic earnings per share were ¥0.08, down 89.33% from ¥0.75 in the previous year[21]. - The company reported a significant increase in asset disposal gains, which reached ¥56,015,779.50, compared to a loss of ¥480,462.36 in the previous period, marking an increase of 11,758.72%[41]. - The total comprehensive income for the first half of 2022 was CNY 62,529,246.89, compared to CNY 550,146,941.25 in the previous year, indicating a significant decline[156]. Revenue Breakdown - The main business segment of copper-clad laminates sold 16.39 million sheets, down 25% year-on-year, generating revenue of CNY 1,648,066,600, a decline of 42.69%[31]. - The pharmaceutical and medical device segment reported revenue of CNY 112,244,300, a decrease of 10.83% year-on-year[32]. - The PCB segment generated revenue of CNY 108,346,700, falling short of annual targets due to market conditions[32]. - The company's revenue decline is attributed to the impact of domestic COVID-19 outbreaks and geopolitical tensions affecting market demand[32]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,081,527,799.30, a decrease of 11.42% from ¥6,865,206,223.55 at the end of the previous year[21]. - The total liabilities decreased from CNY 3,200,573,043.58 to CNY 2,420,245,372.44, a reduction of approximately 24.4%[147]. - The company's equity attributable to shareholders was CNY 3,491,307,620.85 as of June 30, 2022, slightly down from CNY 3,493,926,381.94 at the beginning of the year[147]. Cash Flow - The net increase in cash and cash equivalents was -¥290,541,241.98, a decline of 171.84% from an increase of ¥404,420,938.21 in the previous year[41]. - Cash inflow from operating activities reached CNY 2,949,538,527.85, an increase from CNY 2,518,767,626.62 in the first half of 2021, representing a growth of approximately 17.1%[160]. - The net cash flow from investment activities was negative at CNY -551,391,828.98, contrasting with a positive CNY 117,187,417.71 in the same period of 2021[162]. Research and Development - Research and development expenses were ¥89,399,594.40, a reduction of 25.97% from ¥120,759,237.19 in the previous year[41]. - The company is focusing on developing new products for automotive PCBs to enhance market competitiveness and create new growth points[35]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company plans to enhance its bad debt risk management due to ongoing market risks in the PCB industry, focusing on accounts receivable management[61]. - The company has initiated a new strategy focusing on technological innovation and market expansion to enhance competitiveness[174]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure and internal control system to protect shareholders' rights and ensure timely and accurate disclosure of significant information[77]. - There were no administrative penalties related to environmental issues during the reporting period, indicating effective compliance measures[76]. - The company has established comprehensive pollution prevention facilities and adheres to environmental regulations, ensuring compliance with emission standards[72]. Shareholder Information - The total number of shares is 728,000,000, with 723,107,222 shares being unrestricted, accounting for 99.33% of the total[124]. - The largest shareholder, Shanghai Donglin Investment Development Co., holds 39.83% of the shares, totaling 289,926,000[128]. - The total number of shareholders at the end of the reporting period is 51,139[128]. Market Risks - The company faces risks from macroeconomic changes, including ongoing domestic and overseas pandemic impacts, which may adversely affect product markets[60]. - Raw material price fluctuations pose a significant risk, as they constitute a large portion of the company's product costs, necessitating careful monitoring and inventory management[61]. - Currency exchange rate fluctuations are anticipated to impact operational performance, prompting the company to adopt favorable settlement methods to mitigate risks[61].