Hoshion(SZ:002824)2023-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2023 was ¥1,157,477,265.93, a decrease of 14.40% compared to ¥1,352,234,587.77 in the same period last year[21]. - The net profit attributable to shareholders was ¥53,148,318.40, down 37.27% from ¥84,722,079.43 year-on-year[21]. - Basic earnings per share decreased by 41.30% to ¥0.27 from ¥0.46 in the same period last year[21]. - The net profit after deducting non-recurring gains and losses was ¥44,308,626.69, down 45.81% from ¥81,761,433.15 in the previous year[21]. - The company's total revenue for the reporting period was ¥1,157,477,265.93, a decrease of 14.40% compared to the same period last year, which was ¥1,352,234,587.77[45]. - The total comprehensive income for the first half of 2023 was CNY 53,521,353.39, compared to CNY 87,826,486.80 in the same period last year, reflecting a decline of 39.0%[140]. - The total revenue for the first half of 2023 is 4,738 million yuan, up from 4,325 million yuan in the same period last year, marking an increase of 9.57%[151]. - The net profit attributable to shareholders for the same period was 1,186 million yuan, reflecting a growth of 37.30% year-on-year[155]. Cash Flow - The net cash flow from operating activities increased significantly to ¥137,116,648.62, compared to a negative cash flow of ¥51,323,550.86 in the previous year, representing a 367.16% improvement[21]. - The net cash flow from operating activities for the first half of 2023 was ¥137,116,648.62, a significant improvement compared to a negative cash flow of ¥51,323,550.86 in the same period of 2022[146]. - Total cash inflow from operating activities amounted to ¥1,327,664,798.90, while cash outflow was ¥1,190,548,150.28, resulting in a net increase of ¥137,116,648.62[146]. - The company reported a net cash flow from investing activities of -¥89,246,572.58, indicating increased investment expenditures compared to -¥65,607,347.52 in the previous year[146]. - Cash inflow from financing activities was ¥11,043,762.83, down from ¥214,822,608.55 in the first half of 2022, reflecting a decrease in financing activities[147]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,943,089,191.68, a decline of 3.22% from ¥3,041,151,787.13 at the end of the previous year[21]. - The company's total liabilities decreased to CNY 1,312,447,655.96 as of June 30, 2023, from CNY 1,419,716,542.42 at the start of the year, a reduction of about 7.5%[136]. - The company's total equity increased slightly to CNY 1,630,641,535.72 from CNY 1,621,435,244.71, reflecting a growth of approximately 0.7%[136]. - The total assets at the end of the reporting period amounted to 5,023 million yuan, showing a significant increase from the previous period[155]. - The total liabilities of the company have increased to 2,224 million yuan in the first half of 2023, compared to 1,584 million yuan in the previous year, indicating a rise of 40.42%[151]. Research and Development - The company has established a comprehensive R&D innovation system, holding over 180 domestic and international patents, and has participated in the formulation of multiple national and industry standards[39]. - Research and development expenses were ¥65,042,745.31, a slight decrease of 1.05% from ¥65,732,106.87 year-over-year[45]. - The company is investing in R&D, allocating $10 million towards the development of new technologies aimed at enhancing production efficiency[188]. - Research and development efforts are being prioritized to innovate new technologies in aluminum manufacturing[156]. Market Strategy and Operations - The company is focused on providing integrated solutions for high-end industrial aluminum alloys in the new energy and consumer electronics sectors[28]. - The company focuses on new energy and consumer electronics businesses, with key products including battery structural components and precision structural parts for consumer electronics[30]. - The company adopts a customized operating model, producing based on customer orders, which helps avoid excess inventory and improves asset efficiency[31][34]. - The company has implemented flexible pricing mechanisms and hedging strategies to address raw material price volatility risks[70]. - The company plans to continue expanding its market presence and invest in new product development to drive future growth[152]. Risk Management - The company has established a risk management framework for its hedging activities, including measures to mitigate price fluctuation risks and operational risks[60]. - The company has implemented a strict internal control system for its futures hedging business, ensuring compliance with relevant regulations and effective risk management[61]. - The company will closely monitor macroeconomic conditions and adjust its operational policies accordingly to enhance its risk resilience[70]. Shareholder and Equity Information - The company plans to adjust the exercise price of stock options from 34.415 CNY to 24.355 CNY and increase the number of options from 1,919,731 to 2,688,025[75]. - The company reported a total of 25,168 common stock shareholders at the end of the reporting period[116]. - Li Jianxiang holds 34.34% of the shares, totaling 68,657,586 shares, with 24,000,000 shares pledged[116]. - The company’s major shareholders include Huo Run with 7.82% and Huang Jiahui with 4.76% of the shares[116]. - The company’s stock options and restricted shares are part of an incentive plan approved at the 2022 annual shareholders' meeting[111]. Compliance and Governance - The semi-annual financial report has not been audited[86]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[79]. - The company has fulfilled all commitments made by its actual controllers, shareholders, and related parties during the reporting period[82]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[84]. - The company did not have any violations regarding external guarantees during the reporting period[85].