LMC(SZ:002921)2023-08-17 16:00Financial Performance - The company's operating revenue for the first half of 2023 was approximately ¥581.41 million, a decrease of 9.91% compared to ¥645.35 million in the same period last year[19]. - The net profit attributable to shareholders of the listed company was a loss of ¥1.75 million, representing a decline of 107.10% from a profit of ¥24.60 million in the previous year[19]. - The basic and diluted earnings per share were both -¥0.0137, a decrease of 106.93% compared to ¥0.1976 in the previous year[19]. - The company reported a net loss of approximately CNY 373,433.42, with a tax impact of CNY 674,766.96 and minority interest impact of CNY 121,187.99[24]. - The company's total revenue for the first half of 2023 was CNY 581,409,029.89, a decrease of 9.91% compared to CNY 645,349,868.73 in the same period last year[40]. - The net profit for the first half of 2023 was a loss of CNY 675,321.86, compared to a net profit of CNY 28,185,823.38 in the first half of 2022, representing a significant decline[192]. - The total equity decreased to CNY 1,068,005,294.19 from CNY 1,109,616,427.43, reflecting a decline of 3.7%[192]. Cash Flow and Investments - The net cash flow from operating activities increased significantly to ¥51.49 million, up 450.94% from ¥9.35 million in the same period last year[19]. - The net cash flow from operating activities surged by 450.94% to ¥51,486,506.50, primarily due to inventory reduction[40]. - Cash and cash equivalents increased to ¥319,147,459.59, representing 14.17% of total assets, up from 10.84% last year, a 3.33% increase[47]. - The net increase in cash and cash equivalents was ¥47,439,258.74, a decline of 51.55% compared to the previous year[40]. - The actual use of fundraising from January 1 to June 30, 2023, was RMB 2,339.82 million, with a remaining balance of RMB 26,417.61 million as of June 30, 2023[64]. - Investment activities resulted in a net cash outflow of CNY 127,407,126.96, an improvement from a net outflow of CNY 292,873,168.45 in the same period last year[200]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥2.25 billion, a slight decrease of 0.59% from ¥2.27 billion at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company decreased by 3.46% to approximately ¥1.19 billion from ¥1.23 billion at the end of the previous year[19]. - Total liabilities increased from 992,300,721.23 yuan to 1,069,555,860.80 yuan, an increase of 7.79%[185]. - The company's total liabilities increased to CNY 869,855,522.13, up from CNY 784,906,889.76 in the previous year, indicating a rise of 10.8%[192]. Research and Development - Research and development investment increased by 7.50% to ¥13,502,104.12 from ¥12,560,006.79 in the previous year[40]. - The company emphasizes technological development, with its R&D department recognized as a provincial-level technology center, enhancing its product development capabilities[37]. - The company has allocated 1,000 million CNY for research and development in advanced manufacturing technologies over the next two years[58]. Market and Sales - The company’s products are widely used in various industries, including commercial compressors, hydraulic machinery, and new energy vehicles[28]. - The company's foreign sales accounted for 51.64% of total revenue, amounting to ¥300,225,616.48, a decrease of 6.91% year-on-year[42]. - Sales of commercial vehicle parts increased by 44.13% to ¥108,100,739.13, while passenger vehicle parts sales dropped by 20.84% to ¥69,087,245.13[42]. Risk Management - The company has highlighted potential risks and countermeasures in its report, urging investors to pay attention to investment risks[4]. - The company faces risks from fluctuations in raw material prices, particularly for pig iron and aluminum ingots, which could adversely affect production costs and operating profits[83]. - Energy price volatility poses a significant risk, with the company relying on electricity and natural gas for production; strategies include energy-saving technology and peak-load electricity usage[85]. Corporate Governance and Shareholder Matters - The company plans not to distribute cash dividends or issue bonus shares for this period[5]. - The company held a temporary shareholders' meeting on March 29, 2023, with an investor participation rate of 43.17%[91]. - The annual shareholders' meeting took place on May 17, 2023, with a participation rate of 43.45%[91]. - The company has not faced any administrative penalties for environmental issues during the reporting period[107]. Environmental and Social Responsibility - The company invested 30 million yuan in 2022 to establish a casting waste sand recycling production line, which has begun trial production, significantly reducing solid waste generation[105]. - The company has established a comprehensive occupational health and safety management system, certified with ISO45001:2018 and ISO14001[111]. - The company emphasizes employee rights protection and provides various guarantees for career development and health safety[110].