ST恒久(002808) - 2023 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2023 was ¥67,778,940.56, a decrease of 17.96% compared to ¥82,617,009.15 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was -¥3,986,576.97, representing a decline of 350.96% from a profit of ¥1,588,543.96 in the previous year[22]. - Basic and diluted earnings per share were both -¥0.0148, down 350.85% from ¥0.0059 in the previous year[22]. - The company reported a net profit excluding non-recurring gains and losses of -¥3,984,046.75, a decline of 493.03% from -¥671,815.68 in the previous year[22]. - The company achieved operating revenue of 67.78 million yuan, a year-on-year decrease of 17.96%[39]. - The net profit attributable to the parent company was -3.99 million yuan, a year-on-year decrease of 350.96%[39]. - The company reported a revenue of ¥67,778,940.56 for the current period, a decrease of 17.96% compared to ¥82,617,009.15 in the same period last year, primarily due to a reduction in sales volume[50]. - The company reported a net loss for the first half of 2023 of CNY 4,792,462.36, compared to a net profit of CNY 893,353.03 in the first half of 2022, indicating a significant decline in profitability[162]. - The company's gross profit margin for the first half of 2023 was approximately -6.5%, compared to a positive margin in the previous year[161]. - The company reported a comprehensive loss of CNY 4,589,775.42 for the first half of 2023, compared to a comprehensive income of CNY 681,103.20 in the previous year[163]. Cash Flow and Assets - The net cash flow from operating activities improved significantly to ¥9,419,370.48, compared to -¥3,158,176.46 in the same period last year, marking an increase of 398.25%[22]. - Cash flow from operating activities generated a net cash inflow of CNY 9,419,370.48, compared to a net outflow of CNY 3,158,176.46 in the first half of 2022[167]. - Cash and cash equivalents increased to CNY 148,081,890.39 from CNY 137,476,234.86, showing an increase of approximately 7.4%[153]. - The total assets of the company decreased to CNY 517,458,440.34 from CNY 533,823,004.21, indicating a reduction of about 3.1%[155]. - The total liabilities decreased to CNY 130,903,181.39 from CNY 142,777,969.84, representing a decline of approximately 8.3%[155]. - The total equity attributable to shareholders decreased to CNY 385,907,974.12 from CNY 389,691,864.15, a decrease of about 1.0%[155]. Market and Product Development - The company is focusing on expanding its market opportunities in the original equipment manufacturer (OEM) consumables market[32]. - The company is developing a cloud-sharing printing/copying system in collaboration with its subsidiary, Minbao Information[32]. - The company has established over ten highly automated production lines for laser OPC drums, achieving complete domestic production and industrialization[31]. - The company is actively preparing for the construction of the organic optoelectronic engineering technology center, including design contracts and site exploration[71]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2024[103]. - The company has introduced two new products in Q2 2023, which are expected to contribute an additional 100 million CNY in revenue[103]. Research and Development - Research and development expenses amounted to ¥7,742,499.02, down 6.00% from ¥8,236,545.39, mainly due to reduced labor costs in R&D[50]. - The company has a professional R&D team with expertise in various fields, ensuring continuous innovation and adaptation to market demands[46]. - The company is committed to continuous R&D investment in organic optoelectronics and aims to keep pace with technological advancements in laser printing and copying equipment[84]. Corporate Governance and Compliance - The company has not reported any significant changes in profit composition or sources during the reporting period[54]. - The company has not sold any significant assets during the reporting period[77]. - The company has not reported any issues or other circumstances regarding the use and disclosure of raised funds[75]. - The company has established a commitment to ensure that any share reductions comply with relevant laws and regulations[100]. - The company has a structured approach to social responsibility, aiming for harmonious development with employees, society, and the environment[97]. Challenges and Risks - The company is facing reduced business demand due to adverse external conditions and slow progress in new business development[39]. - The company faces risks from intensified industry competition, leading to potential price declines while raw material costs continue to rise[81]. - The company experienced a significant increase in credit impairment losses, amounting to CNY 683,810.15 compared to CNY 2,190,539.03 in the previous year[166]. Future Outlook - The company expects a revenue growth forecast of 10% for the second half of 2023, driven by new product launches and market expansion[103]. - Future outlook remains positive, with management expressing confidence in achieving a net profit margin of 15% by the end of 2023[103]. - The company plans to continue expanding its market presence and invest in new product development to drive future growth[186].