ACETRON(SZ:300706)2023-08-28 16:00Financial Performance - The company's revenue for the first half of 2023 reached ¥451,821,363.77, representing a 34.44% increase compared to ¥336,086,611.68 in the same period last year[29]. - Net profit attributable to shareholders decreased by 34.53% to ¥7,920,874.21 from ¥12,097,722.19 year-on-year[29]. - The net profit after deducting non-recurring gains and losses fell by 48.40% to ¥4,586,980.26 from ¥8,889,542.74 in the previous year[29]. - The net cash flow from operating activities was negative at -¥38,544,860.28, worsening by 48.63% compared to -¥25,933,082.37 in the same period last year[29]. - Basic and diluted earnings per share both decreased by 37.50% to ¥0.05 from ¥0.08 year-on-year[29]. - The weighted average return on equity declined to 1.06% from 1.64% in the previous year[29]. - Total assets increased by 14.76% to ¥1,631,945,238.30 from ¥1,422,054,432.23 at the end of the previous year[29]. - Net assets attributable to shareholders rose slightly by 1.19% to ¥750,187,095.53 from ¥741,360,328.07 at the end of the previous year[29]. - The company's total operating revenue for the first half of 2023 reached CNY 451,821,363.77, a significant increase of 34.4% compared to CNY 336,086,611.68 in the same period of 2022[147]. - The total operating costs amounted to CNY 444,401,873.80, up 36.6% from CNY 325,111,391.32 year-on-year[148]. - The net profit for the first half of 2023 was CNY 9,577,839.05, a decrease of 32.5% from CNY 14,197,876.17 in the previous year[149]. Market Strategy and Development - The company plans to optimize its management system and enhance corporate governance to improve operational efficiency[4]. - There is a focus on accelerating the construction of fundraising projects to shorten the integration period of new equipment and technologies, thereby reducing instability risks[4]. - The company emphasizes the importance of protecting core technologies and retaining high-quality talent to maintain competitive advantage[6]. - The company is enhancing market research efforts to adjust production based on downstream market demand and to explore potential markets[4]. - The company is focused on developing new products and technologies to adapt to market changes and maintain growth[4]. - The company plans to accelerate the expansion and verification of ITO target materials in the flat panel display sector to ensure comprehensive supply[44]. - The company aims to consolidate and deepen the existing customer market while progressing with the verification of PVD pearlescent pigment downstream customers[45]. - The company will continue to advance the expansion and verification of ITO target materials in the photovoltaic sector, focusing on new formulations and specifications[45]. - The company plans to expand its market presence and enhance product development strategies in the upcoming quarters[148]. - The company aims to improve operational efficiency and reduce costs through strategic initiatives in the upcoming quarters[165]. - The company plans to explore potential mergers and acquisitions to strengthen its competitive position in the market[164]. Research and Development - The company has a total of over 250 main production equipment and over 100 research and testing devices, with a research team of 55 people[41]. - The company has accumulated over 400 global customers in various industries, including optical communication, flat panel display, and photovoltaic[42]. - The company has over 100 authorized patents, showcasing its strong R&D capabilities in the PVD coating materials field[40]. - Research and development expenses were ¥12,632,307.22, showing a slight increase of 0.31% compared to the previous year[50]. - The company is focused on the research and development of various PVD coating materials, which is its main business activity[183]. - Research and development expenses for the period were 132.3 million yuan, indicating a commitment to innovation[168]. Environmental and Social Responsibility - The company’s subsidiary, Dingchuang Henglong, strictly adheres to environmental protection laws and standards during its operations[76]. - Dingchuang Henglong has implemented pollution prevention facilities that operate normally, ensuring compliance with discharge standards[79]. - The total emissions of sulfur dioxide from Dingchuang Henglong were 1,760 kg/year, which is within the regulatory limits[78]. - The total emissions of nitrogen oxides from Dingchuang Henglong were 830 kg/year, also compliant with the standards[78]. - The company has established an environmental self-monitoring plan and meets relevant discharge standards[80]. - The company invested a total of 132,600 RMB in environmental protection during the reporting period[81]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[81]. - The company actively engaged in social responsibility by donating 1 million RMB to the Fuzhou Red Cross for emergency rescue station construction[86]. Corporate Governance and Compliance - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[70]. - The company has maintained a robust financial policy, ensuring no funds were occupied by major shareholders or related parties during the reporting period[82]. - The company has not experienced any major litigation or arbitration matters during the reporting period[94]. - The company has not engaged in any significant related party transactions during the reporting period[100]. - The company has implemented measures to protect employee rights, including compliance with labor laws and providing social insurance[84]. - The company has established long-term cooperative relationships with suppliers, ensuring mutual benefits and compliance with regulations[85]. - The company has not reported any non-compliance issues regarding external guarantees during the reporting period[91]. - The company has not undergone any bankruptcy restructuring during the reporting period[93]. - The financial report was approved by the board of directors on August 28, 2023, indicating timely governance and oversight[184]. - The company adheres to the accounting standards set by the Ministry of Finance and the China Securities Regulatory Commission, ensuring accurate financial reporting[187]. Shareholder Information - The total number of shareholders at the end of the reporting period was 30,356, with no special voting rights shareholders[124]. - Chen Qinzong holds 31.61% of the total shares, amounting to 48,321,000 shares, with 12,080,250 shares pledged[124]. - Chen Xiumei holds 7.49% of the total shares, amounting to 11,455,713 shares, all of which are pledged[124]. - Fuzhou Ketao Investment Co., Ltd. holds 5.43% of the total shares, amounting to 8,305,713 shares, with 3,000,000 shares pledged[124]. - The total number of restricted shares held by executives decreased to 39,582,000, reflecting the release of shares according to the 25% transfer limit[120]. - The company has not reported any significant changes in share repurchase or transfer of voting rights[121]. Financial Position and Assets - The total assets at the end of the reporting period amounted to 1,221,005,110 CNY, indicating a robust financial position[175]. - The equity attributable to shareholders was reported at 450,933,562 CNY, demonstrating a solid capital structure[174]. - The company has a registered capital of 152,852,499, which supports its operational capabilities[179]. - The company confirms its ability to continue operations for at least 12 months from the reporting date, indicating no significant issues affecting its going concern[188]. - The financial statements reflect the company's financial position as of June 30, 2023, and its operational results for the first half of 2023[190].