Absen(SZ:300389)2023-07-31 16:00Financial Performance - The company's operating revenue for the first half of 2023 reached ¥1,591,837,956.21, representing a 44.66% increase compared to ¥1,100,410,975.31 in the same period last year[23]. - Net profit attributable to shareholders was ¥142,854,624.75, up 75.45% from ¥81,422,298.45 in the previous year[23]. - The net profit after deducting non-recurring gains and losses increased by 121.79%, amounting to ¥126,995,313.82 compared to ¥57,258,815.95 in the prior year[23]. - The net cash flow from operating activities surged by 659.75% to ¥257,004,678.41, compared to ¥33,827,713.35 in the same period last year[23]. - Basic earnings per share rose by 60.14% to ¥0.3965, while diluted earnings per share increased by 57.61% to ¥0.3893[23]. - The total assets at the end of the reporting period were ¥3,330,029,785.38, reflecting a 10.68% increase from ¥3,008,786,732.95 at the end of the previous year[23]. - The net assets attributable to shareholders increased by 6.82% to ¥1,267,344,156.35 from ¥1,186,470,045.82 at the end of the last year[23]. - The weighted average return on net assets improved to 11.33%, up from 5.98% in the previous year, an increase of 5.35%[23]. Revenue Breakdown - Overseas operating revenue reached approximately 1.131 billion CNY, a year-on-year increase of about 64.31%[38]. - Domestic operating revenue was approximately 460 million CNY, reflecting a year-on-year growth of about 11.80%[38]. - The company achieved total operating revenue of approximately 1.592 billion CNY, representing a year-on-year growth of about 44.66%[37]. - The overseas market contributed approximately CNY 11.31 billion in revenue, with a year-on-year increase of about 64.31%[54]. - Revenue from the Chinese market increased by approximately 12% year-on-year, while North America saw a revenue growth of about 66%[55]. Research and Development - The company has invested approximately CNY 3.89 billion in R&D from 2020 to the first half of 2023, with 517 R&D personnel accounting for 20.05% of total employees[45]. - Research and development expenses amounted to ¥71,192,853.04, reflecting a 27.59% increase from ¥55,800,005.41[79]. - The company is committed to continuous R&D investment to keep pace with industry advancements and maintain competitive advantages[104]. - The company emphasizes collaboration with industry partners and research institutions to enhance R&D performance and drive innovation[104]. Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[189]. - The company is focusing on expanding its overseas market presence, which has shown recovery and growth potential[108]. - The company plans to reduce the factory price of certain product models by 10% starting in mid-July 2023, reflecting its commitment to operational efficiency[51]. - The company is exploring potential acquisitions to strengthen its supply chain and enhance operational efficiency[199]. Product Development and Innovation - The initial products of the new energy business have been developed and are undergoing global safety certification testing[34]. - New product developments include advancements in Micro LED, COB, and MIP technologies, which are expected to enhance competitive advantages[108]. - A total of 26 new products were launched during the reporting period, contributing to revenue growth and improved gross margins[104]. - The company's COB technology business performance grew by over 200% year-on-year, with high recognition from domestic and international high-end clients[68]. Corporate Governance and Shareholder Information - The company held its annual shareholder meeting on April 21, 2023, with a participation rate of 69.26%[111]. - The company has established a unified action agreement among certain shareholders, enhancing governance and decision-making processes[165]. - The largest shareholder, Ding Yanhui, held 34.14% of the shares, totaling 124,089,609 shares, with a pledge of 43,092,068 shares[163]. - The company has not engaged in any repurchase agreements during the reporting period, indicating a stable share structure[166]. Sustainability and Environmental Commitment - The company achieved a carbon footprint verification for its A series LED display products, demonstrating its commitment to sustainable development[69][74]. - The company has established a comprehensive environmental management system, certified by ISO 14001 and ISO 50001, to minimize environmental impact during operations[123]. - The company initiated a product carbon footprint verification process and received a verification statement from an authoritative organization, aiming to establish an internal carbon emission management system[124]. Legal and Compliance - The company is involved in several lawsuits primarily related to sales contract disputes, with a total amount of approximately 27.84 million yuan for non-major litigation cases[133]. - The company has a favorable integrity status, with no instances of failing to fulfill court judgments or significant debts due during the reporting period[134]. - There were no violations regarding external guarantees during the reporting period[130].