SCC(SZ:002916)2022-08-18 16:00Financial Performance - The company's operating revenue for the reporting period reached ¥6,971,616,823.46, an increase of 18.55% compared to the same period last year[25]. - Net profit attributable to shareholders was ¥752,100,693.05, reflecting a growth of 34.10% year-on-year[25]. - The net profit after deducting non-recurring gains and losses was ¥700,127,506.99, up 45.49% from the previous year[25]. - Basic earnings per share increased to ¥1.49, a rise of 30.70% year-on-year, while diluted earnings per share reached ¥1.48, up 29.82%[25]. - Total assets at the end of the reporting period amounted to ¥19,281,781,316.45, a growth of 14.83% from the end of the previous year[25]. - The net assets attributable to shareholders increased to ¥11,355,446,446.50, marking a 33.33% increase compared to the previous year[25]. - The company's total operating income reached approximately 6.97 billion yuan, representing an 18.55% increase compared to the previous year[56]. - The total comprehensive income for the period was CNY 753,124,938.07, compared to CNY 560,895,065.43 in the same period last year, marking a growth of 34.2%[179]. - The total revenue for the first half of 2022 reached 9,375 million yuan, reflecting a growth of 35.96% year-over-year[198]. Investment and R&D - R&D investment amounted to 401 million CNY, up 15.00%, accounting for 5.75% of total revenue[44]. - The company has developed a unique "3-In-One" business model, enhancing its comprehensive manufacturing capabilities across various stages from sample to mass production[49]. - The company is focusing on market expansion and new product development, as indicated by the increase in R&D spending and operating profit[178]. - The R&D expenditure for the current period was 5,031 million, representing a commitment to innovation and technology advancement[200]. Market and Industry Outlook - The global PCB industry is expected to see a growth rate of 4.2% in 2022, influenced by various economic factors[34]. - The compound annual growth rate for the packaging substrate market in mainland China is projected to be 9.2% from 2021 to 2026, significantly higher than other regions[36]. - The electronic assembly industry is experiencing improvements in supply chain conditions, although structural shortages still persist in various sectors[38]. - The company is expanding into new markets such as automotive electronics and advanced packaging substrates, which may present risks related to customer demand mismatches[91]. Risk Management - The company faced risks from macroeconomic fluctuations, US-China trade tensions, and the COVID-19 pandemic, which could impact future performance[4]. - The company emphasizes the importance of risk management in its operations, particularly regarding supply chain and market competition[4]. - The company aims to enhance cash flow management and operational efficiency to mitigate risks and optimize market positioning[88]. - The company is facing risks related to market competition as domestic PCB companies continue to list and increase production capacity, intensifying competition[90]. Environmental and Social Responsibility - The company invested over 30 million yuan in pollution prevention facilities and operating expenses during the reporting period, achieving 100% compliance in pollutant emissions[106]. - The company has established a clean production committee and a professional environmental management team to address the impact of pollutants generated during production[105]. - The total pollutant discharge for the company is less than 60.225 tons per year, with no exceedance of discharge standards reported[105]. - The company completed 4 energy-saving renovation projects in the first half of 2022, expected to reduce carbon emissions by 2,526.4 tons annually[110]. Shareholder and Capital Structure - The company has not declared any cash dividends or stock bonuses for the half-year period[100]. - The company issued 23,694,480 new shares at a price of 107.62 CNY per share, raising a total of 2,549,999,937.60 CNY, with a net amount of 2,529,664,782.94 CNY after deducting issuance costs of 20,335,154.66 CNY[140]. - The total number of shares increased from 489,208,272 to 512,880,300, with the newly issued shares representing approximately 4.63% of the total shares post-issuance[143]. - The company’s shareholding structure includes 1.59% held by state-owned entities and 1.18% by foreign investors post-issuance[143]. Financial Stability and Cash Flow - The net cash flow from operating activities was ¥1,632,272,255.99, up 99.76% from the previous year[25]. - Cash inflow from financing activities was CNY 2,732,407,969.35, compared to CNY 1,460,399,512.21 in the first half of 2021, marking an 86.9% increase[186]. - The ending balance of cash and cash equivalents was CNY 659,484,227.07, compared to CNY 543,440,431.15 at the end of the first half of 2021[186]. - The company reported a significant increase in other income, totaling CNY 52,945,416.13, compared to CNY 92,218,653.77 in the previous year, reflecting diversified income sources[178].