中科创达(300496) - 2023 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2023 was ¥2,484,848,196.57, representing a slight increase of 0.32% compared to ¥2,476,855,313.05 in the same period last year[11]. - The net profit attributable to shareholders of the listed company was ¥387,957,668.61, a decrease of 1.21% from ¥392,700,014.03 in the previous year[11]. - The net profit after deducting non-recurring gains and losses was ¥356,331,083.52, down 1.87% from ¥363,132,249.09 year-on-year[11]. - The net cash flow from operating activities significantly increased by 513.58%, reaching ¥413,699,943.65 compared to ¥67,424,162.33 in the same period last year[11]. - The total assets at the end of the reporting period were ¥11,099,993,936.25, reflecting a growth of 3.53% from ¥10,721,206,544.29 at the end of the previous year[11]. - The net assets attributable to shareholders of the listed company increased by 3.58%, amounting to ¥9,391,125,893.43 compared to ¥9,066,630,120.25 at the end of the previous year[11]. - The basic earnings per share decreased by 8.41% to ¥0.8462 from ¥0.9239 in the same period last year[11]. - The diluted earnings per share also fell by 7.59% to ¥0.8418 from ¥0.9109 year-on-year[11]. - The weighted average return on net assets was 4.20%, down 3.20% from 7.40% in the previous year[11]. Revenue Breakdown - The intelligent software business generated a revenue of 92,089.78 million CNY, an increase of 1.25% compared to the previous year[22]. - The intelligent automotive business reported a revenue of 105,632.18 million CNY, showing a significant growth of 42.16% year-on-year[23]. - The company's smart IoT business generated revenue of 50,457.93 million yuan, a decrease of 38.53% compared to the same period last year[24]. - The company's revenue from the European and American markets was ¥428,996,536.69, with a year-on-year growth of 13.96%[32]. - Software development revenue increased by 17.94% year-on-year, totaling ¥1,031,696,094.85[32]. Research and Development - The company increased its R&D expenses by 4,772.53 million CNY during the reporting period[21]. - R&D investment increased by 31.01% to 726,959,377.00 yuan, driven by higher spending in large models, autonomous driving, and robotics[29]. - The company launched the Rubik model series, covering various applications including edge computing and multi-modal capabilities[21]. - The company is focusing on the "Smart to Intelligent" strategic upgrade in response to the disruptive innovations brought by large models[21]. - The company aims to enhance its capabilities in intelligent software, intelligent connected vehicles, and intelligent IoT through its core operating system technology[20]. Investment and Financing - The total investment during the reporting period was ¥2,606,889,218.25, a significant increase of 585.85% compared to ¥380,098,277.68 in the same period last year[41]. - The company reported a significant increase in investment activity cash inflow by 1,661.51% to 2,308,783,983.19 yuan, mainly from the recovery of structured deposits[30]. - The company has established a special account for fundraising to ensure dedicated use of funds[46]. - The total amount of committed investment projects is CNY 477,141.10 million, with a planned investment of CNY 202,282.21 million[48]. - The company plans to increase the implementation of fundraising projects through its wholly-owned subsidiary, Shanghai Changxing Intelligent Technology Co., Ltd.[48]. Shareholder Information - The company plans not to distribute cash dividends or bonus shares for this reporting period[2]. - As of June 30, 2023, the company has exercised 970,964 stock options from its 2020 stock option incentive plan, with 301,036 options remaining unexercised[63]. - The company’s total share capital increased from 457,478,344 shares to 458,449,308 shares due to the implementation of the 2022 dividend distribution[63]. - The largest shareholder, Zhao Hongfei, holds 26.69% of the shares, totaling 122,351,063 shares, with 91,763,297 shares under lock-up[93]. - The proportion of restricted shares decreased from 26.86% to 20.24%, while unrestricted shares increased from 73.14% to 79.76%[87]. Corporate Governance and Compliance - The company has established a corporate governance structure including a shareholders' meeting, board of directors, and supervisory board[135]. - The company has maintained a good integrity status, with no unfulfilled court judgments or significant overdue debts reported[78]. - The company has not reported any major asset or equity sales during the reporting period[53]. - The company has not engaged in derivative investments or entrusted loans during the reporting period[52]. - The company adheres to ISO 9001 quality management standards to enhance product quality control and customer relationship management[71]. Financial Management - The company has implemented measures to mitigate financial risks, including pre-collection of payments and phased procurement[56]. - The company has not reported any major changes in the feasibility of its projects[48]. - The company has not disclosed any details regarding the use of excess raised funds[48]. - The total unused raised funds amount to 525.02 million yuan, with a special account balance of 278.12 million yuan and temporarily idle funds for cash management of 246.90 million yuan[49]. - The company has engaged in entrusted financial management with a total amount of 156.39 million yuan, of which 147.39 million yuan is from raised funds[51]. Asset Management - The company's total current assets reached CNY 7,668,637,608.65, up from CNY 7,532,916,044.83 at the beginning of the year, indicating an increase of about 1.81%[102]. - The total liabilities as of June 30, 2023, were CNY 1,511,095,426.36, compared to CNY 1,410,940,230.42 at the start of the year, reflecting a rise of approximately 7.09%[104]. - The company's cash and cash equivalents stood at CNY 4,652,420,378.12, slightly down from CNY 4,667,263,432.75 at the beginning of the year, showing a decrease of about 0.32%[102]. - The company's inventory increased significantly to CNY 1,081,764,195.72 from CNY 850,476,915.46, marking an increase of about 27.19%[102]. - The total equity of the company as of June 30, 2023, was CNY 9,588,898,509.89, up from CNY 9,310,266,313.87, representing an increase of approximately 2.99%[104]. Accounting Policies - The financial statements are prepared based on the accrual basis of accounting, reflecting the company's financial position as of June 30, 2023[139]. - The company adheres to the enterprise accounting standards, ensuring the financial statements are true and complete[139]. - The accounting period follows the calendar year, from January 1 to December 31[140]. - The company’s subsidiaries are consolidated based on control, with significant transactions and balances between companies eliminated[146]. - The company defines cash equivalents as short-term, highly liquid investments that can be easily converted to known amounts of cash[151].