奥士康(002913) - 2023 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2023 was ¥2,041,503,676.74, a decrease of 10.88% compared to ¥2,290,703,181.62 in the same period last year[24]. - Net profit attributable to shareholders was ¥278,214,809.88, down 0.76% from ¥280,332,810.67 year-on-year[24]. - The net profit after deducting non-recurring gains and losses increased by 10.20% to ¥262,448,395.67 from ¥238,154,430.69 in the previous year[24]. - The net cash flow from operating activities decreased by 48.41% to ¥303,542,776.40 compared to ¥588,334,762.01 in the same period last year[24]. - Total assets at the end of the reporting period were ¥8,124,537,207.54, an increase of 5.48% from ¥7,702,187,796.20 at the end of the previous year[24]. - Net assets attributable to shareholders increased by 7.35% to ¥4,065,194,090.76 from ¥3,786,979,280.88 at the end of the previous year[24]. - Basic and diluted earnings per share remained unchanged at ¥0.88[24]. - The weighted average return on net assets decreased to 7.09% from 7.71% in the previous year[24]. - The company's revenue for the reporting period was ¥2,041,503,676.74, a decrease of 10.88% compared to ¥2,290,703,181.62 in the same period last year, primarily due to a reduction in orders[75]. - Operating costs decreased by 14.86% to ¥1,510,430,732.95 from ¥1,774,000,130.29, reflecting lower sales volume[75]. - Research and development expenses were ¥116,288,023.43, down 10.46% from ¥129,873,260.94, indicating a reduction in R&D investment[75]. - The gross profit margin for PCB products improved to 20.44%, up from 17.05% in the previous year, despite a revenue decline of 11.11%[78]. Market and Industry Outlook - The global PCB market is expected to decline by 9.3% in 2023, with the top 40 PCB suppliers' total revenue down 20.4% year-on-year in Q1 2023[32]. - The PCB industry is expected to recover by the end of 2023 and into 2024, with a projected compound annual growth rate of 3.8% over the next five years[33]. - The company is focusing on structural opportunities in data centers and automotive electronics, with significant growth in server revenue due to an expanding customer base[36]. - The competitive landscape in the PCB industry is intensifying, with potential overcapacity risks if demand does not keep pace with production expansion[103]. - The company emphasizes the importance of innovation and product competitiveness to address market competition risks[103]. Strategic Initiatives - The company plans to invest up to 1.2 billion yuan in a new production base in Thailand as part of its global strategy[36]. - The company has established a global production layout with key bases in Hunan, Guangdong, and Thailand, optimizing capacity distribution and enhancing efficiency[44]. - The company has entered the supplier invitation list for Intel and AMD's next-generation servers, with Intel verification completed and AMD testing ongoing[47]. - The company has a diverse customer matrix, including major clients like HPE, Huawei, and BYD, which supports stable revenue generation[48]. - The company is committed to continuous improvement in talent management, technology enhancement, and process optimization to achieve stable revenue growth[58]. - The company plans to enhance its research and analysis of exchange rates to mitigate potential losses from significant fluctuations[94]. Environmental and Social Responsibility - The company emphasizes the importance of environmental management and has obtained ISO14001 certification to mitigate environmental risks[105]. - The company has committed to social responsibility initiatives, focusing on rural revitalization, social charity, and educational support[123]. - The company has implemented a monitoring plan for wastewater and air emissions, with specific parameters monitored every 2 hours to 6 months[122]. - The company has not reported any significant environmental issues or violations during the reporting period[116]. - The company obtained a pollution discharge permit on June 16, 2023, valid until June 15, 2028[117]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company completed the repurchase and cancellation of 4,561,432 restricted shares, reducing the total number of shares from 321,921,936 to 317,360,504[112]. - The largest shareholder, Shenzhen Beidian Investment Co., Ltd., holds 50.42% of the shares[159]. - The total number of shareholders at the end of the reporting period was 17,394[159]. - The cancellation of restricted shares is expected to improve earnings per share and net assets per share for the company[158]. Risk Management - The management has highlighted potential risks and countermeasures in the report[4]. - The company faces risks related to macroeconomic fluctuations, which could impact revenue and net profit growth rates[104]. - The company's risk control measures include monitoring compliance and reviewing the use of funds and profit and loss situations related to foreign exchange hedging[94]. - The independent directors agree that the foreign exchange hedging activities are beneficial for controlling exchange rate risks and do not harm the interests of the company and its shareholders[94].