Dawn(SZ:002838)2023-08-24 16:00Financial Performance - The company's operating revenue for the first half of 2023 was ¥2,238,825,987.55, a decrease of 1.03% compared to ¥2,262,172,378.82 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was ¥65,270,747.09, down 29.51% from ¥92,601,842.51 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥52,851,805.33, a decrease of 30.48% compared to ¥76,020,978.19 in the same period last year[24]. - Basic earnings per share were ¥0.15, down 34.78% from ¥0.23 in the same period last year[24]. - Diluted earnings per share were also ¥0.15, reflecting a 34.78% decrease compared to ¥0.23 in the previous year[24]. - The weighted average return on net assets was 2.15%, down 2.18% from 4.33% in the previous year[24]. - The total assets decreased by 3.48% to CNY 4,772,690,356.18 compared to CNY 4,944,569,685.21 in the previous period[25]. - Net assets attributable to shareholders increased by 1.15% to CNY 3,033,819,133.55 from CNY 2,999,327,065.08[25]. - The net cash flow from operating activities was ¥37,256,546.92, an increase of 298.85% from -¥18,736,147.88 in the previous year[24]. Revenue Breakdown - Revenue from modified plastics decreased by 15.39% to ¥1,450,769,495.31, accounting for 64.80% of total revenue[76]. - Revenue from thermoplastic elastomers increased by 12.89% to ¥268,434,768.74, representing 11.99% of total revenue[76]. - Domestic revenue was ¥1,850,499,426.45, down 3.44% from ¥1,916,372,773.48, while overseas revenue increased by 12.30% to ¥388,326,561.10[76]. - The elastomer business segment generated operating revenue of 268.43 million yuan, representing a year-on-year growth of 12.89%[58]. - The modified plastics business segment achieved revenue of CNY 145,076.95 million, a year-on-year decrease of 15.39%[60]. - The color masterbatch business segment reported revenue of CNY 7,501.85 million, down 35.49% year-on-year[62]. Research and Development - The company focuses on the research and development of thermoplastic elastomers (TPE) and modified plastics, which are widely used in various industries including automotive and electronics[33]. - The company developed 422 new products in the elastomer sector, expanding applications into new energy battery and new energy vehicle industries[58]. - The company is actively enhancing its research and development capabilities and production processes to improve product quality and competitiveness in the color masterbatch market[52]. - R&D investment increased by 30.16% to CNY 84,588,088.48 due to enhanced R&D efforts[73]. - The company has successfully developed 121 PCR materials that have passed certification, promoting low-carbon innovation[60]. Market Position and Strategy - The company aims to replace imported high-end thermoplastic elastomers with domestically produced alternatives, enhancing its competitive position in the market[45]. - The company is recognized as a national high-tech enterprise and a "specialized, refined, distinctive, and innovative" small giant enterprise by the Ministry of Industry and Information Technology[33]. - The company has achieved significant technological advancements in specific segments of thermoplastic elastomers, enabling it to compete directly with international giants[45]. - The market demand for thermoplastic elastomers is expected to grow significantly due to increasing environmental awareness and the limitations of traditional materials[44]. - The company has established business relationships with major clients, including automotive and home appliance manufacturers, enhancing customer loyalty[65]. Environmental and Social Responsibility - The company has installed photovoltaic components in some factories to reduce carbon emissions and save on electricity costs[140]. - The company paid an environmental protection tax of ¥1,817.89 during the reporting period[136]. - The company has obtained pollution discharge permits for multiple subsidiaries, with validity periods extending to 2028[129]. - The company has developed and participated in the formulation of 4 national standards for recycled plastics, contributing to sustainable development[140]. - The company has established emergency response plans for environmental incidents, which have been filed for record[134]. Risk Management - The company does not foresee any significant risks affecting its normal operations[4]. - The company faces risks from macroeconomic changes that could impact demand in key sectors such as automotive and home appliances, potentially affecting overall performance[112]. - Fluctuations in raw material prices, particularly for PP, ABS, PA, and EPDM, pose a risk to production costs, which may not be fully passed on to customers[113]. - The company is implementing strategies to mitigate risks from raw material price volatility, including establishing long-term supplier relationships and engaging in hedging activities[113]. - There are risks associated with the market expansion of projects funded by raised capital, which may not meet expected economic benefits due to various market factors[114]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - As of the reporting period, the company has not experienced any changes in its board of directors or senior management[120]. - The company emphasizes the protection of shareholder rights by ensuring participation in meetings through various channels, enhancing investor relations management[142]. - The company has established a comprehensive risk control system for its derivative investments, with a maximum trading margin and rights amount not exceeding 50 million yuan[92]. - The company has not engaged in any violations regarding external guarantees during the reporting period[152]. Shareholder Information - The total number of shareholders and their respective holdings have not been detailed in the current report[199]. - The largest shareholder, Daon Group, holds 44.22% of the shares, totaling 198,034,000 shares[200]. - The second-largest shareholder, Han Limei, holds 16.52% of the shares, totaling 73,997,450 shares[200]. - The total number of common shareholders at the end of the reporting period is 32,802[200]. - The total number of restricted shares at the end of the period is 60,214,067 shares, with 35,032,636 shares released during the period[196].