GRKJ(SZ:300600)2023-08-24 16:00Financial Performance - The company's operating revenue for the first half of 2023 was ¥81,719,487.70, a decrease of 1.24% compared to ¥82,742,832.20 in the same period last year[21]. - The net loss attributable to shareholders was ¥16,995,214.24, an improvement of 32.42% from a loss of ¥25,148,449.61 in the previous year[21]. - The net cash flow from operating activities increased significantly by 312.71%, reaching ¥25,247,490.83 compared to ¥6,117,489.89 in the same period last year[21]. - The basic earnings per share improved to -¥0.0578, a 32.40% increase from -¥0.0855 in the previous year[21]. - Total assets decreased by 7.68% to ¥1,123,035,348.40 from ¥1,216,465,649.73 at the end of the previous year[21]. - The net profit excluding non-recurring gains and losses was -¥18,761,030.36, a 31.60% improvement from -¥27,429,218.59 in the previous year[21]. - The weighted average return on equity improved to -1.98%, up from -2.95% in the previous year[21]. - The total profit for the period was -18.82 million yuan, while the net profit attributable to shareholders was -16.99 million yuan, an increase of 32.42% year-on-year[33]. - The total operating revenue for the reporting period was 81.72 million yuan, a decrease of 1.24% compared to the same period last year[33]. Revenue Breakdown - The revenue from the ship power distribution system was 45.06 million yuan, a decrease of 11.33% year-on-year, with a gross margin of 25.66%, down 1.13%[33]. - The revenue from the ship engine room automation system was 32.35 million yuan, an increase of 18.45% year-on-year, with a gross margin of 46.77%, up 5.62%[33]. Cash Flow and Expenses - Operating cash flow improved significantly to 25.25 million yuan, compared to 6.12 million yuan in the same period last year[34]. - Operating costs decreased by 9.96% to ¥52,911,457.98, contributing to improved profitability[39]. - Research and development expenses significantly reduced by 57.28% to ¥5,336,383.90, indicating a shift in project focus[39]. - The company reported a net cash outflow from investing activities of ¥11,084,388.77, which is a 17.41% increase in outflow compared to the previous year[40]. - The company's cash and cash equivalents decreased by 34.41% to ¥45,955,006.11, primarily due to loan repayments[40]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company held its annual general meeting on May 19, 2023, with an investor participation rate of 55.19%[57]. - There were no changes in the company's board of directors, supervisors, or senior management during the reporting period[58]. - The company has a total of 29,275 shareholders at the end of the reporting period[97]. Risk Factors and Management - The company has outlined potential risk factors and corresponding countermeasures in its report[4]. - The company faces risks related to market demand fluctuations, accounts receivable recovery, and technology replacement, which could impact future operations[53]. - The company has established a comprehensive quality management system, recognized by major international classification societies[37]. Corporate Governance and Compliance - The company is currently under investigation by the China Securities Regulatory Commission for suspected information disclosure violations[69]. - The company has not faced any major litigation or arbitration matters during the reporting period[72]. - The company has no significant related party transactions during the reporting period[78]. Financial Position - The company's total current assets decreased from CNY 788,057,966.14 on January 1, 2023, to CNY 707,977,816.85 by June 30, 2023, representing a decline of approximately 10.1%[112]. - Cash and cash equivalents dropped from CNY 146,283,502.83 to CNY 107,000,883.23, a decrease of about 26.9%[112]. - Accounts receivable decreased from CNY 376,840,079.85 to CNY 347,691,103.63, reflecting a reduction of approximately 7.7%[112]. - Inventory increased from CNY 184,676,214.16 to CNY 200,268,082.73, indicating a rise of about 8.4%[112]. Future Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[135]. - Future outlook includes plans for market expansion and potential mergers and acquisitions to drive growth[132]. - The company aims to enhance its operational efficiency through strategic mergers and acquisitions in the upcoming quarters[135]. Accounting Policies - The financial statements are prepared based on the accrual basis of accounting, with historical cost as the measurement basis, except for certain financial instruments measured at fair value[158]. - The company adheres to important accounting policies and estimates, including inventory valuation methods and bad debt provisions for receivables[159]. - The company uses Renminbi as its functional currency for accounting purposes[163].