TARRY(SZ:300976)2022-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥562,986,670, a decrease of 5.23% compared to ¥594,077,381.64 in the same period last year[21]. - The net profit attributable to shareholders was ¥58,668,721.89, down 43.85% from ¥104,481,423.16 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥48,468,832.38, a decline of 53.23% compared to ¥103,623,364.00 in the same period last year[21]. - The net cash flow from operating activities was ¥80,153,252.48, which is a decrease of 42.95% from ¥140,484,195.06 in the previous year[21]. - Basic and diluted earnings per share were both ¥0.62, representing a decrease of 70.05% from ¥2.07 in the same period last year[21]. - The weighted average return on net assets was 1.91%, down from 6.60% in the previous year, a decrease of 4.69%[21]. - The company's gross profit margin was 27.72%, down 12.41% year-on-year, reflecting challenges in maintaining profitability[59]. - Operating costs increased by 14.41% to ¥406,933,414.08 from ¥355,674,271.17, impacting overall profitability[56]. - The company reported a total comprehensive income of CNY 59,368,040.65, down from CNY 104,406,842.96 in the previous year[177]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,401,003,155.87, an increase of 1.99% from ¥3,334,763,657.44 at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 1.74%, from ¥3,066,832,830.30 to ¥3,013,417,190.95[21]. - Total liabilities rose to CNY 387,585,964.92 from CNY 267,930,827.14, showing an increase of approximately 44.7%[169]. - The company's equity decreased to CNY 3,013,417,190.95 from CNY 3,066,832,830.30, reflecting a decline of about 1.7%[169]. - Current assets totaled CNY 2,606,154,090.14, slightly down from CNY 2,632,168,702.75 at the start of the year, indicating a decrease of about 1.0%[168]. Investment and R&D - The company has invested 50 million yuan in R&D for new technologies, aiming to enhance product efficiency and sustainability[125]. - Research and development expenses were ¥39,093,078.86, a slight decrease of 4.15% from ¥40,785,005.08 in the previous year[57]. - The company aims to enhance production efficiency and quality stability through the integration of self-developed automation equipment in its manufacturing processes[32]. - The company has established an independent R&D center to cater to customized development needs and to collaborate with upstream suppliers and universities for innovation[37]. Market and Sales Strategy - The company focuses on the R&D, production, and sales of electronic functional and structural components, as well as related 3C smart assembly automation equipment[29]. - The sales strategy is centered on direct sales, with a strong emphasis on customer-centric solutions and maintaining close communication throughout the project lifecycle[36]. - The company is focusing on cost reduction and efficiency improvement, with measures including enhancing technology R&D and expanding service capabilities for major domestic and international clients[38]. - The company has established a strong customer base through rapid response, continuous innovation, and reliable quality, which supports sustainable development[41]. Risk Management - The management has highlighted potential risks and strategies to address them in the report[6]. - The company faces macroeconomic volatility risks due to global economic uncertainties, which could negatively impact consumer purchasing power and demand[88]. - The company recognizes the risk of market demand decline due to rapid technological upgrades in manufacturing and high customer concentration in the consumer electronics sector[91]. - The company has established a financial derivatives trading management system to effectively manage and mitigate risks associated with exchange rate fluctuations[95]. Corporate Governance and Social Responsibility - The company has a commitment to social responsibility, focusing on investor rights protection and sustainable development initiatives[107]. - The company emphasizes environmental responsibility by implementing measures to reduce carbon emissions, such as promoting the use of new energy vehicles and installing solar water heating systems[105]. - The company strictly adheres to labor laws and regulations, ensuring employee rights protection and fostering a harmonious labor relationship[110]. - The company actively participates in social responsibility initiatives, donating 1 million yuan to local charitable causes and establishing a charity fund for poverty alleviation[115]. Future Outlook - The company plans to continue focusing on market expansion and new product development to improve future performance[176]. - The company expects a revenue growth of 10% for the next half of the year, projecting a total revenue of 1.32 billion yuan[125]. - The company aims to mitigate foreign exchange risks through a robust risk control mechanism, including close monitoring of market conditions and adherence to established trading protocols[84]. - The company is committed to increasing R&D investment to maintain technological leadership and expand into new application areas such as VR glasses and smart home devices[92].