TXD(SZ:002845)2022-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥4,316,513,484.24, a decrease of 29.76% compared to ¥6,144,967,901.94 in the same period last year[24]. - The net profit attributable to shareholders was ¥106,006,417.78, down 56.79% from ¥245,300,347.24 year-on-year[24]. - The net cash flow from operating activities was ¥217,325,207.28, a decline of 59.82% compared to ¥540,874,799.64 in the previous year[24]. - The basic earnings per share decreased to ¥0.45, down 57.14% from ¥1.05 in the same period last year[24]. - Total assets at the end of the reporting period were ¥8,088,054,711.81, a decrease of 12.84% from ¥9,279,166,386.75 at the end of the previous year[24]. - The net assets attributable to shareholders increased slightly by 1.16% to ¥2,797,918,123.35 from ¥2,765,895,146.75 at the end of the previous year[24]. - The company reported a net profit excluding non-recurring gains and losses of -¥25,453,914.10, a decline of 112.34% compared to ¥206,316,422.86 in the same period last year[24]. - The weighted average return on equity was 3.76%, down 6.07% from 9.83% in the previous year[24]. - The company achieved operating revenue of CNY 4,316,513,484.24, a decrease of 29.76% compared to the same period last year[53]. - Net profit attributable to shareholders was CNY 10,600,640, a decline of 56.79% year-on-year, primarily due to the impact of COVID-19 and economic downturn[42]. - The total profit for the first half of 2022 was CNY 49,649,813.30, a decline of 81.2% compared to CNY 264,570,857.50 in the same period of 2021[161]. - The company's total comprehensive income for the first half of 2022 was CNY 94,932,310.71, a decrease of 62.8% compared to CNY 255,307,435.93 in the previous year[161]. Revenue and Cost Analysis - Total operating costs for the first half of 2022 were CNY 4,387,495,879.58, down from CNY 5,913,098,245.52 in the same period of 2021[159]. - Revenue from liquid crystal display modules was CNY 3,375,012,434.1, accounting for 78.19% of total revenue, down 29.88% year-on-year[54]. - Domestic revenue decreased by 34.33% to CNY 3,374,251,599.1, representing 78.17% of total revenue, while international revenue decreased by 6.39% to CNY 942,261,885.08, accounting for 21.83%[54]. - The company's gross profit margin decreased due to rising fixed costs and an increase in the proportion of low-margin products[42]. - The gross profit margin for the optical electronic devices sector was 6.05%, down 4.07% from the previous year[55]. Investment and R&D - Research and development investment amounted to CNY 156,426,985.60, a decrease of 5.07% compared to the previous year[53]. - The company has invested heavily in smart manufacturing platforms, with over 40 integrated production lines for various products, enhancing its production efficiency and quality[38]. - The company has completed mass production of key technologies such as blind holes and under-screen fingerprint recognition, with further R&D ongoing for flexible OLED and MiniLED technologies[49]. - The company aims to invest in new product development and technology to drive future growth[173]. Market Position and Strategy - The company has established a leading position in the consumer electronics module industry, particularly in LCD and optical camera modules, with strong partnerships with major brands like OPPO, vivo, and Samsung[32]. - The company operates under a direct sales model, maintaining stable relationships with major industry players and continuously exploring new market opportunities[40]. - The company is focused on expanding its customer base beyond the mobile phone industry to minimize client dependency risks[44]. - The company plans to enhance competitiveness by diversifying its customer base beyond the mobile phone industry and increasing investment in R&D to strengthen core competencies[87]. - The company is considering potential mergers and acquisitions to enhance its competitive advantage in the industry[173]. Financial Health and Liabilities - The company's total equity was CNY 2,815,428,255.12, down from CNY 3,058,970,201.34, reflecting a decrease of about 8%[153]. - The total liabilities decreased to CNY 5,272,626,456.69 from CNY 6,220,196,185.41, indicating a reduction of about 15.3%[153]. - The company's cash and cash equivalents decreased to CNY 970,878,706.11, representing 12.00% of total assets, down from 16.30%[57]. - The company has a structured approach to guarantees, with specific dates for fulfillment and clear documentation of obligations[124]. - The company has a series of debt obligations with varying amounts and terms, including a 40,000 obligation due on June 22, 2022[128]. Risks and Challenges - The company faces potential market and operational risks, which are detailed in the risk management section of the report[4]. - The company is facing challenges in the consumer electronics module industry due to external factors such as fluctuating demand and rising costs from the pandemic and geopolitical tensions[32]. - The ongoing COVID-19 pandemic poses a risk to the company's operational performance if not contained[83]. - The company faces market risks due to increasing competition in the liquid crystal display module manufacturing industry, which may impact future revenue and profitability[81]. - High inventory levels pose a risk to liquidity and increase the potential for inventory write-downs if customer demand falters[86]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 22,758[138]. - Major shareholder Wan Feng holds 22.67% of shares, totaling 53,114,330 shares, with 31,100,000 shares pledged[138]. - Major shareholder Zhong Xiaoping holds 18.57% of shares, totaling 43,522,000 shares, with 21,610,000 shares pledged[138]. - The total number of limited sale condition shares is 74,902,853, representing 31.97% of total shares[136]. - The total number of unrestricted sale condition shares is 159,411,451, representing 68.03% of total shares[136]. Corporate Governance - The financial report for the half-year period was not audited, which may impact the perception of financial reliability[149]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period, ensuring stability in ownership[142]. - There were no changes in the shareholding of directors, supervisors, and senior management during the reporting period, indicating consistent leadership[141]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[106].