TARRY(SZ:300976)2023-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2023 was ¥565,006,829.29, representing a slight increase of 0.36% compared to ¥562,986,670.00 in the same period last year[21]. - The net profit attributable to shareholders decreased significantly by 70.08% to ¥17,555,100.09 from ¥58,668,721.89 year-on-year[21]. - The net profit after deducting non-recurring gains and losses fell by 84.26% to ¥7,627,424.20 compared to ¥48,468,832.38 in the previous year[21]. - Basic earnings per share dropped by 69.35% to ¥0.19 from ¥0.62 year-on-year[21]. - The total comprehensive income for the first half of 2023 was ¥15,741,650.93, down from ¥59,368,040.65 in the same period last year[192]. - The company reported a total profit of ¥21,125,878.94, down 69.7% from ¥69,859,362.60 in the previous year[191]. - The company experienced a significant increase in tax expenses, which were ¥5,386,346.78 compared to ¥11,190,640.71 in the previous year, reflecting changes in tax obligations[191]. Cash Flow - The net cash flow from operating activities increased by 62.35% to ¥130,127,970.77, up from ¥80,153,252.48 in the same period last year[21]. - The net cash flow from investing activities was -CNY 318,191,038.06, an improvement from -CNY 1,093,107,612.43 in the previous year, showing a reduction in cash outflow by 70.0%[199]. - The net cash flow from financing activities was -CNY 71,481,194.22, an improvement from -CNY 106,987,055.28, reflecting a reduction in cash outflow by 33.1%[199]. - The total cash and cash equivalents at the end of the period were CNY 1,202,435,162.07, compared to CNY 379,551,739.30 at the end of the previous year, marking an increase of 216.0%[199]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,441,712,442.00, a decrease of 3.07% from ¥3,550,709,677.99 at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 1.18% to ¥3,126,460,325.02 from ¥3,163,709,801.09 at the end of the previous year[21]. - Current liabilities decreased to CNY 276,575,887.25 from CNY 357,465,310.78, showing a reduction of about 22.6%[184]. - The company's equity attributable to shareholders was CNY 3,126,460,325.02, down from CNY 3,163,709,801.09, indicating a decline of approximately 1.2%[184]. Market Conditions - The company reported a significant decline in the consumer electronics market, with global smartphone shipments down 7.8% and tablet shipments down 29.9% in Q2 2023, marking the eighth consecutive quarter of decline[39]. - The company anticipates a gradual easing of short-term performance pressure as inventory destocking in the industry concludes and demand for smart terminals begins to recover[40]. - The company is facing risks from macroeconomic volatility and trade tensions, which may impact its business development[105]. - The company is facing risks from rising raw material prices due to trade tensions and supply constraints, which could negatively impact profitability[109]. Business Strategy and Operations - The company’s main business involves providing customized components and automation equipment solutions for high-end clients in the consumer electronics and new energy sectors[29]. - The company is focusing on structural opportunities in the consumer electronics sector, responding to the industry's recovery while accelerating capacity release at its manufacturing base in Vietnam[40]. - The company aims to expand its new energy business, focusing on applications in electric vehicles, power batteries, and energy storage systems[47]. - The company is actively engaged in R&D, collaborating with upstream material suppliers and universities to develop new products tailored to market demands[38]. - The company has established intelligent manufacturing bases in Dongguan, Suzhou, Qinhuangdao, and Vietnam, enhancing global capacity and service responsiveness[55]. Investment and Funding - The total amount of raised funds is CNY 2,038,096,865.89 after deducting issuance costs[82]. - The company plans to invest CNY 55,546.56 million of excess raised funds into the new battery structure and functional components project[83]. - The company has excess raised funds amounting to CNY 56,869.28 million as of June 30, 2023[83]. - The company has allocated 56,869.28 million CNY of excess funds, with 55,546.56 million CNY directed towards the new materials and intelligent equipment headquarters project[87]. Corporate Governance and Compliance - The company has not engaged in any major related party transactions during the reporting period[144]. - The company has established a comprehensive supplier management system to ensure product quality and compliance with ethical standards[131]. - The company strictly adheres to labor laws and regulations, ensuring employee rights and maintaining a harmonious labor relationship[130]. - The company has obtained certifications for various quality and environmental management systems, including ISO9001 and ISO14001[132]. Environmental and Social Responsibility - The company has taken measures to reduce carbon emissions, including the installation of solar energy systems and promoting green commuting among employees[126]. - The company actively engages in social responsibility initiatives, creating job opportunities and improving community living conditions[134]. - The company maintains a focus on environmental protection and sustainable development, prioritizing green and low-carbon practices[132].