TES(SZ:003019)2022-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2022 was CNY 990,393,146.45, representing a 46.02% increase compared to CNY 678,272,501.91 in the same period last year[21]. - The net profit attributable to shareholders was CNY 137,090,373.82, up 111.20% from CNY 64,911,307.45 year-on-year[21]. - The net profit after deducting non-recurring gains and losses reached CNY 138,107,882.32, marking a 148.47% increase compared to CNY 55,584,301.95 in the previous year[21]. - The net cash flow from operating activities was CNY 82,032,663.45, a significant turnaround from a negative cash flow of CNY -188,347,588.28 in the same period last year, representing a 143.55% improvement[21]. - The basic earnings per share (EPS) was CNY 0.93, an increase of 111.36% from CNY 0.44 in the previous year[21]. - The total operating revenue for the reporting period reached ¥990,393,146.45, representing a year-on-year increase of 46.02% compared to ¥678,272,501.91 in the same period last year[38]. - Operating profit for the first half of 2022 was ¥175,848,499.34, up from ¥80,835,907.38 in the first half of 2021, reflecting a growth of 117.5%[152]. - The net profit for the first half of 2022 reached ¥109,048,576.15, representing a growth of 109.5% from ¥51,842,823.39 in the first half of 2021[155]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,855,220,726.18, a slight decrease of 1.08% from CNY 1,875,446,688.67 at the end of the previous year[21]. - The company's cash and cash equivalents decreased to ¥118,363,657.79, down by 7.08% from ¥252,456,230.81 at the end of the previous year[41]. - The accounts receivable increased to ¥462,211,993.26, representing 24.91% of total assets, up from 20.32% the previous year[41]. - Total liabilities decreased to CNY 463,662,758.35, a reduction of 18.19% from CNY 566,254,747.56[145]. - The company's equity increased to CNY 1,391,557,967.83, up by 6.29% from CNY 1,309,191,941.11[145]. - The total assets as of June 30, 2022, were CNY 1,855,220,726.18, a slight decrease from CNY 1,875,446,688.67[145]. - Total liabilities decreased to ¥413,299,210.11 from ¥478,186,367.37, indicating a reduction of 13.6%[149]. Investment and R&D - Research and development investment amounted to 26,350,534.76 CNY, an increase of 5.98% compared to the previous year[37]. - The company is enhancing its R&D capabilities through the upgrade of its R&D center and information systems, although these projects do not generate direct economic benefits[63]. - Research and development expenses for the first half of 2022 were ¥26,350,534.76, compared to ¥24,862,978.96 in the same period of 2021, showing an increase of 6.0%[150]. Market Strategy and Expansion - The company is focusing on expanding its market presence in emerging sectors such as smart fitness and remote education[33]. - The company is focusing on expanding its domestic market presence in response to the growing demand for smart interactive devices in retail, catering, and logistics sectors[64]. - The company plans to continue expanding its brand and project outreach to further enhance revenue growth in the future[38]. - The company is transitioning from an OEM/ODM model to an ODM/OBM strategy following the acquisition of the Micro Touch brand from 3M[32]. Risk Management - The company has not disclosed any significant risks affecting normal operations, indicating a stable operational outlook[4]. - The company engaged in foreign exchange hedging to mitigate risks associated with currency fluctuations, emphasizing the necessity of such measures for business operations[52]. - The company is actively using hedging tools to manage foreign exchange risks associated with its export business, which primarily uses USD for transactions[64]. - The company acknowledges the risk of demand slowdown in downstream industries, which could adversely affect profitability if customer preferences shift[65]. - The company is facing risks related to the ongoing COVID-19 pandemic, which may impact its business operations depending on the severity of outbreaks in its operational regions[64]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company emphasizes a cash dividend policy to continuously return value to shareholders[87]. - The company has maintained a strong governance structure to protect the rights of all shareholders, especially minority shareholders[87]. - The company has fulfilled all commitments made by its actual controllers, shareholders, and related parties during the reporting period[96]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[83]. Environmental and Social Responsibility - The company has implemented various measures for carbon reduction and environmental protection, including establishing a photovoltaic power generation facility[84]. - The company has actively participated in social responsibility initiatives, including providing employment opportunities for disabled individuals and supporting educational donations[92]. - The company has been recognized as a "green factory" in Fujian Province for its environmental initiatives[91]. Financial Structure and Equity - The total amount of funds raised by the company through its initial public offering (IPO) was RMB 754.56 million, with actual usable funds amounting to RMB 685.86 million after deducting issuance costs[54]. - The company has a total of CNY 68.59 million in committed investment projects, with ongoing construction of the automated production base for smart interactive display devices[63]. - The total number of shares increased from 128,000,000 to 147,200,000 after the 2021 annual profit distribution, which included a cash dividend of 4.50 CNY per 10 shares totaling 57,600,000 CNY and a stock dividend of 1.5 shares per 10 shares totaling 19,200,000 shares[122]. - The company’s total equity distribution plan was approved by the shareholders' meeting on May 27, 2022[124].