TKC(200512)2022-08-04 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥868,292,253.36, a decrease of 27.48% compared to ¥1,197,289,007.11 in the same period last year[24]. - The net profit attributable to shareholders was ¥39,629,273.60, down 34.41% from ¥60,417,688.12 year-on-year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥29,391,665.45, a decline of 38.81% compared to ¥48,033,980.60 in the previous year[24]. - The basic earnings per share decreased by 36.36% to ¥0.21 from ¥0.33 in the previous year[24]. - The total comprehensive income for the first half of 2022 was CNY 58,925,122.27, a decrease of 26.0% compared to CNY 79,670,379.98 in the first half of 2021[124]. - The company reported a total profit of CNY 58,455,534.22 for the first half of 2022, a decrease of 34.4% from CNY 89,093,019.19 in the previous year[123]. - The company achieved a total profit of ¥58,460,000, which is a 34.39% decrease compared to the previous year[33]. Cash Flow - The net cash flow from operating activities was ¥53,428,916.72, a significant improvement from a negative cash flow of ¥62,974,459.40 in the same period last year, representing a 184.84% increase[24]. - The company's cash inflow from operating activities was CNY 1,015,138,541.56, a decrease of 21.3% compared to CNY 1,291,055,093.20 in the same period of 2021[127]. - The net cash flow from operating activities turned positive at CNY 53,428,916.72, compared to a negative CNY 62,974,459.40 in the first half of 2021[127]. - The company's cash and cash equivalents at the end of the period were CNY 544,242,256.25, down from CNY 615,026,388.14 at the end of the first half of 2021[128]. - The company reported a cash flow net decrease of CNY 226,608,917.33 for the first half of 2022, compared to a decrease of CNY 57,774,818.54 in the same period of 2021[128]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,739,165,035.89, a decrease of 1.68% from ¥2,785,902,354.47 at the end of the previous year[24]. - The company's total liabilities decreased from ¥1,390,700,980.71 on December 31, 2021, to ¥1,326,732,822.75 on June 30, 2022, reflecting a reduction of approximately 4.6%[118]. - The company's cash and cash equivalents at the end of the reporting period were ¥549,440,331.52, down 7.92% from ¥779,404,127.58 at the end of the previous year[45]. - The total current assets are reported at ¥1,991,697,699.49, slightly down from ¥2,021,159,006.11 at the end of 2021[116]. - The total current liabilities decreased to ¥783,860,171.43 from ¥825,888,922.24 in the previous period[116]. Research and Development - Research and development expenses increased by 14.67% to ¥34,752,012.95 from ¥30,305,264.63 in the previous year[36]. - The company obtained 16 new patents during the reporting period, including 6 invention patents, 7 utility model patents, and 3 design patents[32]. Market and Competition - In the first half of 2022, the global market orders for small household appliances saw a significant decline due to inflation and reduced consumer purchasing power, impacting the company's performance[60]. - The small appliance industry is experiencing intense competition, with the company strengthening its patent protection to mitigate market risks[64]. - The domestic market is shifting towards smart and eco-friendly appliances, with the company focusing on technology innovation and brand development to capture market share[61]. Legal Matters - The company is involved in a lawsuit with UCC Japan regarding a compensation dispute amounting to ¥1,770.26 million, which was settled in May 2022 without support for the claims[83]. - The company is pursuing a patent infringement case against ZL Electric Group, seeking compensation of ¥5 million, with a court ruling requiring the defendant to pay ¥1 million[83]. - A lawsuit against Shanghai Tanghai Investment Co. is ongoing, with a claim for ¥390.33 million, including principal and delayed interest[83]. - The company has ongoing litigation with Hubei Xiangjiang Electric Co., seeking ¥600,000 in damages, with the case currently in the first-instance trial[85]. Financial Management - The company has entrusted CNY 66,500 million in financial products, with an expected return of CNY 2,251.34 million during the reporting period[96]. - The actual income from entrusted financial management during the reporting period is CNY 697.40 million[98]. - The company has no overdue amounts that have not been recovered from entrusted financial management[96]. Shareholder Information - The total number of shares remains at 185,391,680, with no changes in the shareholding structure[101]. - Fordchee Development Limited holds 29.10% of the shares, totaling 53,940,530 shares, with no change during the reporting period[104]. - The total number of common shareholders at the end of the reporting period is 14,445[103]. Accounting Policies - The company's accounting policies comply with the requirements of the enterprise accounting standards, ensuring a true and complete reflection of financial status[156]. - The financial statements are prepared based on the going concern assumption, with no identified issues affecting the company's ability to continue operations[154]. - The company assesses its continuous operating capability over a 12-month period from the reporting date[159].