ECT(SZ:300679)2020-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,077,830,321.11, representing a 19.84% increase compared to CNY 899,379,316.69 in the same period last year[23]. - The net profit attributable to shareholders of the listed company decreased by 13.18% to CNY 85,473,756.62 from CNY 98,449,950.54 year-on-year[23]. - The net profit after deducting non-recurring gains and losses was CNY 63,193,106.62, down 19.00% from CNY 78,012,042.15 in the previous year[23]. - The net cash flow from operating activities increased by 52.82% to CNY 99,949,685.72, compared to CNY 65,403,922.91 in the same period last year[23]. - The basic earnings per share for the reporting period was CNY 0.31, down 13.89% from CNY 0.36 in the same period last year[23]. - The diluted earnings per share also stood at CNY 0.31, reflecting a 13.89% decrease compared to the previous year[23]. - The weighted average return on net assets was 2.53%, a decline of 0.37% from 2.90% in the same period last year[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,173,697,847.49, a decrease of 0.81% from CNY 4,207,910,756.64 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company decreased by 1.72% to CNY 3,388,043,973.80 from CNY 3,447,268,701.18 at the end of the previous year[23]. - The cash and cash equivalents decreased by 1.48% to ¥1,048,044,476.90 from ¥1,079,930,210.91 at the end of the previous year[69]. - The total amount committed for the investment project in Hefei Electric is CNY 961.87 million, with an actual investment of CNY 25.58 million during the reporting period, achieving a progress rate of 19.23%[73]. - The total current liabilities were not specified, but the company maintained a stable financial position without any overdue bonds[186]. Investments and R&D - The company has increased its investment in automation and information technology, maintaining stable production costs per unit[38]. - The company continues to focus on R&D for new products, particularly in the micro RF connector space, to capitalize on the upcoming 5G market opportunities[42]. - Research and development expenses increased by 41.92% to ¥121,833,669.86, up from ¥85,848,454.24, driven by rising salaries for R&D personnel[64]. - The company has established a strong R&D capability with 113 domestic patents, including 16 invention patents and 80 utility model patents, enhancing its competitive edge[46]. - The company has made significant progress in the development of RF connection products for the low-speed 5G IoT sector, responding to market demands and expanding its customer base[61]. Market Position and Sales - The company has established itself as a key supplier for major global smartphone brands, including Huawei, Oppo, and Samsung, enhancing its market position[42]. - The company’s automotive connector sales saw a significant year-on-year growth, particularly in Q2 2020, as domestic brands gained market share due to declines in foreign competitors' sales[37]. - The connector business revenue declined by 15.51% to ¥372,569,267.54, while the electromagnetic compatibility components business grew by 29.48% to ¥361,796,526.69[55]. - The company’s customer structure has improved, with a decreasing revenue share from mobile phone products and an increasing share from other industries, including automotive and IoT[58]. Environmental and Social Responsibility - The company invested 500,000 RMB to improve educational resources in impoverished areas during the reporting period[150]. - The total amount donated by the company for pandemic prevention efforts was 1,070,000 RMB[150]. - The company has established a monitoring system for wastewater discharge, ensuring real-time compliance with environmental standards[144]. - The company has set up an emergency response plan for environmental incidents, which was filed with government authorities[142]. Legal Matters - The company has ongoing litigation against LeEco Mobile for a contract dispute, seeking payment of $2,137,103 and overdue interest, which could positively impact future profits if collected[112]. - In another case against LeEco Mobile, the company is pursuing RMB 7,432,166.1 in payments and interest, with a court ruling in its favor, potentially enhancing future financial performance[112]. - The company is involved in a lawsuit with Murata Manufacturing Co., Ltd. regarding patent infringement, with claims amounting to RMB 330,000, and the case is still in progress[113]. - A separate lawsuit with Murata Manufacturing concerning design patent infringement is also ongoing, with claims of RMB 1,520,000[113]. Shareholder Information - The company has repurchased a total of 3,869,192 shares, accounting for 1.3779% of the total share capital, with a total payment of 150,081,197.27 RMB[155]. - The total number of shares after the recent changes is 280,800,000, with 143,895,194 shares under limited sale conditions, representing 51.24% of the total[160]. - The company has a total of 19,929 shareholders as of the end of the reporting period[167]. - The company has implemented a share repurchase plan that is set to last for 12 months from the approval date[161].