*ST越博(300742) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 was ¥198,831,594.02, a decrease of 4.41% compared to ¥207,998,741.66 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was -¥76,355,262.54, representing a decline of 387.05% from a profit of ¥26,599,816.21 in the previous year[23]. - The basic and diluted earnings per share were both -¥0.54, a decrease of 384.21% from ¥0.19 in the previous year[23]. - The total assets at the end of the reporting period were ¥1,378,019,556.71, a slight decrease of 0.46% from ¥1,384,361,727.30 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company decreased by 59.46% to ¥52,058,227.74 from ¥128,413,490.28 at the end of the previous year[23]. - The gross margin for the first half of 2022 improved to 35%, up from 30% in the same period last year, reflecting better cost management and pricing strategies[46]. - The company reported a total investment of 5,564,000, a decrease of 51.83% compared to the previous year's investment of 11,550,000[78]. - The company reported a net profit of -41,610,299.03 yuan for the first half of 2022, compared to a net profit of 37,012,055.27 yuan in the same period of 2021, indicating a significant decline[188]. - The total comprehensive income for the period was -41,610,299.03 yuan, compared to 37,012,055.27 yuan in the previous year, reflecting a substantial decline[189]. Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥2,828,550.54, a significant increase of 104.01% compared to -¥70,599,056.53 in the same period last year[23]. - The company reported a significant increase in credit impairment losses, amounting to CNY -20.45 million compared to CNY 2.16 million in the first half of 2021[184]. - The cash and cash equivalents at the end of the period amounted to 7,718,980.62 yuan, a decrease from 33,093,322.11 yuan at the end of the first half of 2021[192]. - The company experienced a cash outflow of 164,680,813.38 yuan in operating activities, compared to 275,386,369.73 yuan in the first half of 2021, showing a reduction of about 40.3%[190]. - The total cash inflow from financing activities amounted to 382,693,796.41 CNY, up from 196,300,000.00 CNY in the previous period, reflecting a 94.8% increase[194]. - The ending balance of cash and cash equivalents increased to 6,240,580.39 CNY from 222,424.57 CNY, marking a substantial rise[194]. Investment and R&D - The company has committed to invest a total of 42,113 million CNY in new energy vehicle powertrain system projects, with 19,758 million CNY already invested as of the report date[89]. - The company is committed to continuous R&D investment to maintain technological advancement in the rapidly evolving electric vehicle industry, particularly in integrated powertrain systems[109]. - Research and development expenses remained relatively stable at CNY 13.51 million, compared to CNY 13.24 million in the first half of 2021[184]. - The company has filed a total of 453 intellectual property applications, with 299 granted, including 190 invention patents and 226 utility models[43]. - The company has developed 32 new technologies in the field of electric vehicle drive systems, showcasing significant innovation in the sector[45]. Market Position and Strategy - The company specializes in the research, production, and sales of powertrain systems for electric vehicles, aiming to become a leader in the field[31]. - The company has successfully achieved mass application of its powertrain systems in pure electric buses and commercial vehicles, supported by extensive market validation[33]. - The company is focused on integrating advanced technologies into its products to improve efficiency and performance in electric vehicles[44]. - The company aims to expand its market presence by leveraging its innovative technologies in the electric vehicle sector[45]. - The company plans to enhance its management system and internal controls to mitigate operational management risks as its organizational structure becomes more complex[108]. Risks and Challenges - The company faces risks from changes in industry policies, particularly regarding the gradual reduction of subsidies for new energy vehicles, which may negatively affect production and operations[101]. - The company is exposed to market risks related to raw material supply and price fluctuations, which could adversely affect production and operations[102]. - The company anticipates increased competition in the new energy vehicle sector, which may lead to declining product prices as the industry matures[103]. - There is a risk that R&D investments may not yield expected technological results or market acceptance, which could hinder the conversion of R&D into competitive advantages[110]. Shareholder and Capital Structure - The total share capital increased from 78,498,570 shares to 141,297,426 shares after a capital reserve conversion of 62,798,856 shares, with a distribution ratio of 10 shares for 8 shares[157]. - The largest shareholder, Li Zhanjiang, holds 25.36% of the shares, totaling 35,838,277 shares, with 15,928,123 shares pledged[162]. - The company’s shareholding structure includes 21.27% of shares held by limited sale condition shareholders and 78.73% by unrestricted shareholders[156]. - The company has not engaged in any share buyback activities during the reporting period[158]. Compliance and Governance - There were no environmental penalties or violations reported during the period, indicating compliance with environmental regulations[122]. - The company received a clean audit report with an emphasis on certain matters, which does not affect the overall audit opinion[134]. - The company has not engaged in any equity incentive plans or employee stock ownership plans during the reporting period[119].