DKEM(SZ:300842)2021-08-26 16:00Financial Performance - The company reported a total revenue of RMB 200 million for the first half of 2021, representing a year-on-year increase of 15% compared to the same period in 2020[19]. - The company's operating revenue for the reporting period was ¥1,395,367,834.99, representing a 179.38% increase compared to the same period last year[26]. - Net profit attributable to shareholders was ¥68,266,427.55, an increase of 41.38% year-over-year[26]. - The net profit after deducting non-recurring gains and losses was ¥59,303,645.32, showing a significant increase of 170.90% compared to the previous year[26]. - The company achieved a revenue of ¥1,395,367,834.99, representing a year-on-year growth of 179.38%[50]. - The revenue from photovoltaic conductive silver paste was ¥1,393,688,684.00, accounting for 99.88% of total revenue, with a year-on-year increase of 179.21%[73]. - The gross profit margin for photovoltaic conductive silver paste was 12.22%, a decrease of 2.71% compared to the same period last year[73]. - The company reported a basic and diluted earnings per share of ¥0.68, reflecting a 6.25% increase from the previous year[26]. Research and Development - The company plans to invest RMB 50 million in research and development for new product lines, focusing on advanced photovoltaic materials[19]. - Research and development expenses amounted to ¥48,843,255.92, a 191.30% increase year-on-year, reflecting the company's commitment to enhancing its R&D capabilities and team[71]. - The company is focused on high-performance electronic materials for photovoltaic and semiconductor applications, emphasizing the development of conductive silver paste products[37]. - The company has developed DK92K, a dual-sided aluminum passivated PERC conductive silver paste, which improves battery efficiency and supports mass production printing with design line widths of ≥ 26 um for non-mesh and ≥ 28 um for conventional mesh[43]. - DK93A, designed for multi-crystalline black silicon PERC LDSE batteries, features an upgraded glass system that supports lower contact resistance and better mass production yield, with lower silver paste usage under the same conditions[43]. - DK93B is tailored for mono-crystalline PERC LDSE batteries, significantly reducing metal area recombination losses and enhancing open-circuit voltage (Uoc), while also optimizing the formulation for better mass production yield[43]. - The company has developed DECA series conductive adhesives with varying thermal conductivity, suitable for high-reliability integration applications[44]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 25% increase in market share by the end of 2022[19]. - User data indicates a 20% increase in customer base, with significant growth in the solar energy sector[19]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market presence[19]. - The company plans to strengthen its market share in P-type conductive silver paste while advancing the development of next-generation photovoltaic battery solutions like N-type TOPCon and HJT[61]. - The company is actively pursuing new strategies for market expansion and potential mergers and acquisitions to enhance growth prospects[183]. Financial Health and Cash Flow - The company's total assets at the end of the reporting period reached ¥2,053,536,095.27, a 26.87% increase from the end of the previous year[26]. - The net cash flow from operating activities was -¥167,956,147.77, an improvement of 20.11% compared to -¥210,246,652.93 in the same period last year[26]. - The company's cash and cash equivalents increased to ¥260,107,347.73, up from ¥142,380,302.94 at the end of the previous year, reflecting a significant increase in liquidity[76]. - Accounts receivable rose to ¥668,582,696.97, up from ¥510,236,240.63, due to a substantial increase in sales revenue[76]. - Short-term borrowings increased to ¥962,350,333.30, up from ¥697,161,996.12, to support inventory procurement for expanded sales[78]. - The company reported an investment loss of ¥22,078,822.10, accounting for 29.75% of total profit, primarily due to silver futures contracts[74]. Risks and Challenges - The company faces risks including market competition and fluctuations in raw material prices, which may impact future performance[19]. - The company faces risks of declining gross margins due to intensified market competition and the impact of policies promoting cost reduction across the photovoltaic industry[116]. - The company is exposed to foreign exchange risks as it primarily imports silver powder and settles transactions in USD and JPY, which may affect its operating performance[120]. - The rapid growth of accounts receivable poses a risk to the company's operational efficiency, although the overall aging of accounts receivable remains reasonable[122]. Corporate Governance and Social Responsibility - The company emphasizes the protection of shareholder rights and has established a governance structure to ensure transparency and communication with shareholders[136]. - The company is committed to employee welfare, providing various benefits and training programs to enhance employee satisfaction and performance[136]. - The company has committed to integrating social responsibility into its development strategy for harmonious growth with society[141]. - The company actively promotes energy-saving initiatives and environmental awareness among employees[140]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[135]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 16,876, with a shareholding ratio of 5%[182]. - The largest shareholder, Shi Weili, holds 19.30% of the shares, totaling 19,302,669 shares, with 6,480,000 shares pledged[182]. - The company reported a total share count of 100,000,000, with 75% being restricted shares prior to the recent changes[176]. - The number of restricted shares decreased by 44,511,174, resulting in 30,488,826 restricted shares remaining, which is 30.49% of the total[176].