惠伦晶体(300460) - 2023 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2023 was ¥181,064,044.80, a decrease of 24.25% compared to ¥239,029,696.83 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was -¥33,445,651.68, representing a decline of 636.54% from a profit of ¥6,233,614.39 in the previous year[25]. - The net cash flow from operating activities was ¥14,473,646.32, down 81.81% from ¥79,582,722.82 in the same period last year[25]. - The basic and diluted earnings per share were both -¥0.1191, a decrease of 634.08% compared to ¥0.0223 in the previous year[25]. - The weighted average return on net assets was -3.24%, a decline of 3.41% from 0.17% in the previous year[25]. - Total assets at the end of the reporting period were ¥1,929,912,034.36, a slight decrease of 0.21% from ¥1,934,040,853.32 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company were ¥1,017,454,925.00, down 3.09% from ¥1,049,878,176.68 at the end of the previous year[25]. - The company reported a total non-recurring gains and losses of ¥15,988,715.87 for the period, after accounting for income tax effects of ¥2,821,538.09[29]. - The company achieved a shipment volume of over 110 million units for TSX temperature-compensated crystals and TCXO oscillators in the first half of 2023, representing a year-on-year growth of approximately 13.4%[38]. - In the first half of 2023, the company achieved operating revenue of CNY 181.06 million, a decrease of 24.25% year-on-year, with Q2 revenue of CNY 122.02 million, representing a quarter-on-quarter growth of 106.67%[47]. - The net profit attributable to shareholders in the first half of 2023 was CNY -33.45 million, a decline of 636.54% year-on-year, while Q2 net profit was CNY 7.87 million, showing a quarter-on-quarter increase of 119.04%[47]. - The shipment volume of quartz crystal components reached 492 million units, an increase of 23.99% year-on-year, with Q2 shipments of 327 million units, reflecting a quarter-on-quarter growth of 98.18%[47]. Investment and Financial Management - The company plans not to distribute cash dividends or issue bonus shares[4]. - The total investment during the reporting period was ¥19,116,457.07, a significant decrease of 91.53% compared to ¥225,667,945.22 in the same period last year[65]. - The company's long-term borrowings increased to ¥301,414,365.87, up 8.15% from ¥144,457,898.00 at the end of the previous year[63]. - The cash and cash equivalents at the end of the reporting period were ¥107,146,518.22, representing 5.55% of total assets[62]. - The company reported a significant increase in financial expenses by 108,191.54% to ¥10,076,614.18, primarily due to increased exchange losses and interest expenses[56]. - The company reported a net cash outflow of ¥13,843,160.72, a decrease of 173.71% from a net inflow of ¥18,781,531.37 in the previous year[56]. - The company's inventory at the end of the period was 341.95 million, an increase of 13.64 million from the beginning of the period, representing a growth rate of 4.15%[77]. - The accounts receivable at the end of the period was 263.25 million, an increase of 58.91 million from the beginning of the period, with a growth rate of 28.83%[80]. - The company has reported a significant increase in fixed assets due to fundraising projects, which may lead to higher depreciation and amortization expenses impacting profits[76]. - The company has plans for market expansion and new product development, although specific details were not provided in the financial report[163]. Market Position and Product Development - The company has established itself as a leading manufacturer of MHz piezoelectric quartz crystal components in China, focusing on miniaturization, high frequency, and high precision[37]. - The company has entered the reference design lists of major chip manufacturers such as Qualcomm and MediaTek, enhancing its industry recognition and customer base[40]. - The automotive electronics segment is expected to see increased demand for quartz crystal components, driven by the growing integration of electronics in vehicles[33]. - The market for wearable devices is anticipated to grow rapidly, leading to increased demand for quartz crystal components in this segment[34]. - The company is strategically expanding into emerging industries such as automotive electronics, industrial control, IoT modules, and photovoltaic energy, gaining recognition from leading enterprises in these sectors[49]. - The company is actively expanding its product range to include higher value-added components such as TCXO oscillators and TSX temperature-compensated crystals[38]. - The company has successfully developed and mass-produced high-frequency 76.8MHz temperature-compensated crystals, becoming one of the few manufacturers globally to achieve this milestone[38]. - The company has developed advanced production technologies, including high-frequency and miniaturized piezoelectric quartz crystal components, enhancing its competitive edge in the market[50]. - The company is increasing its research and development efforts to maintain product competitiveness amid declining product prices and market competition[74]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its operational capabilities[180]. Risk Management - The management has highlighted potential risks and corresponding measures in the report, emphasizing the importance of risk awareness for investors[3]. - The company faces risks from macroeconomic fluctuations, which could impact performance if market demand continues to weaken[73]. - The company has experienced a risk of slow inventory turnover, indicating potential inefficiencies in sales and production coordination[79]. - The company is monitoring accounts receivable closely to mitigate liquidity risks associated with changes in customer structure and aging of receivables[80]. - The company acknowledges the risk of not achieving expected economic benefits from its fundraising investment projects due to market competition and raw material price fluctuations[76]. Corporate Governance and Compliance - The company emphasizes shareholder and investor rights protection, adhering to relevant laws and regulations for corporate governance[97]. - The company provides comprehensive employee benefits, including signing labor contracts and contributing to social insurance[97]. - The company emphasizes the importance of protecting the rights and interests of suppliers and customers, aiming to provide high-quality products and services[100]. - The company has achieved ISO14001 environmental management certification and QC080000 certification for green products, ensuring compliance with environmental standards[96]. - The company has established a secondary wastewater treatment project to enhance energy conservation and environmental protection efforts[96]. - The company has not reported any significant litigation or arbitration matters during the reporting period[107]. - There were no instances of non-operating fund occupation by controlling shareholders or related parties during the reporting period[102]. - The company has not engaged in any violations regarding external guarantees during the reporting period[103]. - The half-year financial report has not been audited[104]. - The company has maintained a good tax compliance record, enjoying high-tech enterprise income tax benefits[100]. Shareholder Information - The total number of shares increased from 280,624,251 to 280,804,251 due to the issuance of 180,000 restricted stocks[133]. - The first batch of 1,620,000 restricted stocks from the 2020 incentive plan was listed on November 28, 2022, increasing the total shares[133]. - The second batch of 180,000 restricted stocks was listed on March 20, 2023, further increasing the total shares[133]. - The company’s stock incentive plan was approved by the board on June 30, 2020, and included 31 eligible participants[134]. - The total number of shareholders at the end of the reporting period was 38,573[140]. - Xinjiang Huilun Equity Investment Partnership holds 14.36% of the shares, totaling 40,327,380 shares[141]. - Zhao Jiqing, a significant shareholder, holds 5.34% of the shares, amounting to 15,000,000 shares[142]. - The company has not conducted any repurchase agreements among the top 10 shareholders during the reporting period[143]. - The report indicates that there are no pledged or frozen shares among the top shareholders, except for specific cases noted[142]. Future Outlook - The overall financial outlook for the next quarter remains positive, with expectations of revenue growth driven by increased demand in key markets[180]. - The company plans to enhance its market expansion strategies in the upcoming quarters, focusing on new product development and technological advancements[180].