Homa(002668)2022-07-28 16:00Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥3.93 billion, a decrease of 18.30% compared to ¥4.81 billion in the same period last year[28]. - The net profit attributable to shareholders of the listed company reached approximately ¥155.79 million, a significant increase of 160.78% from a loss of ¥256.31 million in the previous year[28]. - The net profit after deducting non-recurring gains and losses was approximately ¥152.10 million, up 161.85% from a loss of ¥245.92 million in the same period last year[28]. - The basic earnings per share were ¥0.14, compared to a loss of ¥0.24 per share in the previous year, reflecting an increase of 158.33%[28]. - The total assets at the end of the reporting period were approximately ¥7.94 billion, an increase of 11.28% from ¥7.14 billion at the end of the previous year[28]. - The net assets attributable to shareholders of the listed company were approximately ¥583.19 million, up 33.63% from ¥436.43 million at the end of the previous year[28]. - The net cash flow from operating activities was approximately ¥281.88 million, a decrease of 28.54% compared to ¥394.44 million in the same period last year[28]. - The weighted average return on net assets was 30.29%, a significant improvement from -45.17% in the previous year[28]. Market Performance - In the first half of 2022, the company's North American market sales grew by over 25% year-on-year, countering the decline in the European market[46]. - The export volume of refrigerators in the first half of 2022 was 31.26 million units, a year-on-year decrease of 13.8%, with export value dropping by 11.8% to CNY 28.646 billion[41]. - The domestic retail volume of refrigerators and freezers was 19.14 million units, a slight increase of 0.05% year-on-year, but the retail value fell by 1.91% to CNY 46.3 billion[41]. Production and Operations - The company maintained a production capacity of 15 million units annually, ranking sixth globally in terms of production and sales scale[39]. - The company has established nine manufacturing bases and 13 efficient production lines, ensuring strong supply capabilities[47]. - The company has implemented a comprehensive logistics system, reducing transportation time by one-third compared to sea freight[46]. Financial Management - The cost of goods sold decreased by 16.73% to ¥3,158,463,372.66 from ¥3,793,073,724.31, attributed to a reduction in refrigerator sales volume[53]. - Research and development expenses decreased by 5.91% to ¥148,655,087.62 from ¥157,985,357.40[53]. - The company reported a significant increase in cash and cash equivalents, with a net increase of ¥245,631,416.91, up 12.59% from ¥218,159,416.08[53]. - The gross margin for the home appliance sector was 19.34%, down 1.67% from the previous year, while the gross margin for refrigerators was 19.31%, down 1.68%[56]. Risk Management - The management has highlighted potential risks and corresponding measures in the report, urging investors to pay attention to investment risks[5]. - The company faces market risks related to export business, particularly from changes in trade policies and economic conditions in key markets[87]. - The company is actively expanding its overseas market presence and enhancing its smart manufacturing capabilities to mitigate export risks[87]. - The company is taking measures to manage the risk of significant fluctuations in raw material prices, including hedging and optimizing product structures[89]. - The company is utilizing forward foreign exchange contracts to hedge against currency fluctuation risks associated with its export business[92]. - The company has implemented internal controls and monitoring systems to manage credit risks associated with accounts receivable[96]. Environmental and Social Responsibility - The company has established a wastewater treatment station that meets the Guangdong Province discharge standards for electroplating wastewater, ensuring compliance with the DB44/1597-2015 regulations[117]. - The company has implemented a gas treatment system that complies with the atmospheric pollutant discharge limits as per DB44/27-2001 and other relevant standards[117]. - The company reported no administrative penalties related to environmental issues during the reporting period[121]. - The company actively engages in social responsibility, ensuring fair treatment of investors and enhancing transparency in information disclosure[126]. - The company is focused on reducing carbon emissions by lowering energy consumption and improving energy efficiency[122]. Shareholder and Corporate Governance - The company has established a shareholder return plan based on feedback from shareholders and independent directors[126]. - The company maintains effective communication with investors through various platforms to ensure timely and accurate information disclosure[126]. - The company has completed all compensation obligations for Mr. Zhao Guodong and Mr. Yang Peng, while Mr. Yin Hongwei has not fulfilled his performance compensation commitment, leading to a lawsuit for a compensation amount of CNY 101,753,434[130]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[133]. - The company has not reported any significant guarantees during the reporting period[161]. Legal and Compliance Issues - The company is involved in a contract dispute with Zhengzhou Bank, with an amount of CNY 27,772.65 thousand, which has been settled through mediation[142]. - The company is also involved in a contract dispute with Shanxi Bank, with an amount of CNY 33,043.76 thousand, currently under first-instance trial[142]. - The company is cooperating with the China Securities Regulatory Commission regarding an investigation into information disclosure violations involving its former actual controller[168]. - The company received a notice from the China Securities Regulatory Commission stating that its information disclosure behavior violated Article 78 of the Securities Law, but the violation was deemed minor and no administrative penalty was imposed[169].