Intretech(SZ:002925)2022-08-26 16:00Financial Performance - The company's revenue for the first half of 2022 was CNY 2.29 billion, a decrease of 37.38% compared to the same period last year[29]. - The net profit attributable to shareholders was CNY 343.47 million, down 39.78% year-on-year[29]. - The company's operating revenue for the reporting period was approximately ¥2.29 billion, a decrease of 37.38% compared to ¥3.65 billion in the same period last year[50]. - The gross profit margin for the electronic manufacturing sector was 26.37%, reflecting a slight decrease of 0.81% year-on-year[53]. - The health and environment business experienced a decline in sales revenue, with a year-on-year decrease of 49.61% to approximately ¥157.65 million[53]. - The company's overseas revenue accounted for 87.47% of total operating revenue, amounting to approximately ¥2.00 billion, down 41.45% from ¥3.42 billion in the previous year[53]. - The company's direct material costs accounted for over 80% of its operating costs in the first half of 2022, with significant price fluctuations in raw materials due to global supply chain issues and inflation[103]. Investment and R&D - The company's R&D investment reached CNY 178 million, an increase of 0.29% compared to the previous year[40]. - The company's R&D investment was approximately ¥178.44 million, showing a slight increase of 0.29% compared to ¥177.93 million in the previous year[50]. - The company is committed to accelerating the R&D and production of new products with high technological content and value, leveraging its global layout to attract new customers[100]. - The company has established a research and development center, which was completed and reached operational status in January 2022[87]. Strategic Initiatives - The company is focusing on the "Submarine" platform strategy to enhance core technology application and market acquisition[21]. - The company is actively involved in mergers and acquisitions to expand its market presence and capabilities[4]. - The company is advancing its international strategy by upgrading infrastructure and smart manufacturing capabilities in its global industrial parks[41]. - The company plans to enhance its international layout and expand domestic market efforts, particularly in the Yangtze River Delta and Pearl River Delta regions[96]. - The company aims to improve its product structure and customer base by exploring new fields and industries, including industrial control and automotive electronics[98]. Risk Management - The company reported a significant risk related to product export concentration and potential decline in gross profit margins[4]. - The company is facing risks from raw material supply shortages and price fluctuations, as well as global pandemic impacts[4]. - The company has highlighted the potential risks associated with foreign exchange fluctuations and goodwill impairment[4]. - The company will continue to monitor political and economic conditions in export markets to mitigate risks associated with changes in trade policies and tariffs[95]. - The ongoing global pandemic has negatively impacted the company's market expansion, production operations, and logistics, prompting enhanced health and safety measures[111]. Shareholder Actions - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[4]. - The company has repurchased approximately 6.80 million shares, with a total transaction amount of about ¥148 million as part of its share repurchase plan[47]. - A total of 4,760 restricted shares were repurchased and canceled from one former incentive participant as part of the 2018 stock option and restricted stock incentive plan[117]. - The company approved a share repurchase plan with a total amount not less than RMB 100 million and not exceeding RMB 200 million, with a maximum repurchase price of RMB 33.00 per share[199]. Environmental and Social Responsibility - The company has implemented green procurement and aims to achieve carbon neutrality, contributing to the national carbon peak and carbon neutrality goals[130]. - The company has donated over 1.64 million yuan from the "Xiamen Spring Water Charity Foundation" in the first half of 2022, including 230,000 yuan to Xiamen University of Technology for an education fund and 270,000 yuan in epidemic prevention materials[134]. - The company has established an emergency response plan for environmental incidents and conducts regular drills to enhance its emergency handling capabilities[130]. - The company and its subsidiaries are not classified as key pollutant discharge units by the environmental protection department, and they have not faced any administrative penalties for environmental issues during the reporting period[130]. Financial Position - Total assets at the end of the reporting period were CNY 7.51 billion, a decrease of 9.93% from the end of the previous year[29]. - The net assets attributable to shareholders were CNY 4.97 billion, down 9.60% compared to the previous year[29]. - Cash and cash equivalents at the end of the reporting period were ¥1,362,704,830.56, making up 18.14% of total assets, a slight decrease from 16.40% at the end of the previous year[56]. - The total financial assets decreased to ¥1,206,451,950.29, representing 16.06% of total assets, down from 18.56% due to the redemption of wealth management products[58]. Corporate Governance - The semi-annual financial report has not been audited[140]. - The company has not experienced any significant changes in project feasibility or major adjustments in the implementation of raised fund projects[85]. - There are no significant litigation or arbitration matters reported during the reporting period[142]. - The company has not engaged in any major related party transactions during the reporting period[145].