江南奕帆(301023) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 was ¥92,431,365.92, a decrease of 2.81% compared to ¥95,100,322.01 in the same period last year[18]. - Net profit attributable to shareholders increased by 53.32% to ¥46,563,108.69 from ¥30,369,235.61 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was ¥38,045,753.56, up 33.33% from ¥28,534,804.56 in the previous year[18]. - The net cash flow from operating activities rose by 52.20% to ¥32,452,050.22 compared to ¥21,321,457.31 in the same period last year[18]. - Basic earnings per share increased by 53.70% to ¥0.83 from ¥0.54 in the same period last year[18]. - The gross profit margin was 45.00%, down 2.29% compared to the previous year[53]. - The company achieved a revenue of 92.43 million yuan, a year-on-year decrease of 2.81% due to rising raw material prices and the impact of the pandemic[44]. - The company reported a total revenue of 7,711.4 million CNY for the first half of 2022, with a net profit margin of 7.63%[83]. - The company’s net profit for the first half of 2022 was CNY 46,602,671.83, an increase of 53.6% compared to CNY 30,369,235.61 in the same period of 2021[177]. Cash Flow and Investments - The company reported a significant increase in financial expenses, with a decrease of 1485.73% due to exchange gains and increased interest income[54]. - The company's cash and cash equivalents decreased by 313.53% to -203.92 million yuan, primarily due to investment activities[56]. - The company has utilized RMB 30 million of temporarily idle raised funds for cash management, with an unexpired balance of RMB 26.15 million as of June 30, 2022[78]. - The company reported a cash outflow from financing activities of CNY 18,666,750.00, compared to CNY -721,166.75 in the same period last year, indicating a significant increase in cash outflow[181]. - The total cash inflow from investment activities was CNY 275,265,232.75, compared to CNY 159,121,264.45 in the previous year, indicating a year-over-year increase of about 73.0%[181]. - The net cash flow from investment activities was negative at CNY -219,371,248.30, a significant decline from a positive CNY 76,222,389.74 in the first half of 2021[181]. Assets and Liabilities - Total assets at the end of the reporting period were ¥906,081,331.66, a slight increase of 0.18% from ¥904,445,174.92 at the end of the previous year[18]. - The company's total liabilities decreased from CNY 96,944,891.88 at the beginning of the year to CNY 70,717,059.78 by June 30, 2022, indicating a reduction of approximately 27%[165]. - The total equity attributable to the parent company increased from CNY 807,500,283.04 to CNY 835,396,641.73, reflecting a growth of about 3.5%[165]. - The company's inventory decreased from CNY 22,059,307.15 to CNY 20,023,016.04, a reduction of approximately 9.2%[163]. - The total assets of the company at the end of the reporting period were reported at 835,436,204.87 CNY, showing a robust asset position[191]. Shareholder Information - The company plans to distribute a cash dividend of ¥3.00 per 10 shares to all shareholders, based on a total of 56,000,250 shares[3]. - The cash dividend for the reporting period was RMB 3.00 per share, totaling RMB 16,800,075, reflecting a commitment to shareholder returns[101]. - The total cash dividend distributed amounts to CNY 16,800,075.00, with a distribution ratio of 100% of the profit allocation[102]. - The total number of shares increased by 18,666,750 shares due to the capital reserve conversion, with 14,000,000 shares being converted from capital reserves[140]. - As of the end of the reporting period, the total number of ordinary shareholders was 8,261, with the largest shareholder, Liu Jincheng, holding 41.36% of the shares[149]. Business Operations and Strategy - The company specializes in the research, development, manufacturing, and sales of customized micro-reduction motors, with a product range that includes energy storage reduction motors and solar energy rotary drive motors[25]. - The company employs an "order-based procurement" model to ensure timely supply of materials while maintaining a reasonable inventory turnover rate[34]. - The production model is based on "sales-driven production," allowing for dynamic adjustments to production plans based on customer demand[36]. - The company has established long-term stable partnerships with major clients, including Siemens and Schneider Electric, and has a product specification range of nearly 3,000 types[25]. - The company is developing linear actuator motors in collaboration with RV accessory companies, focusing on low noise and multi-rod synchronous control capabilities[45]. Risk Management - The company is focused on addressing operational risks and has outlined measures in the report to mitigate these risks[3]. - The company has established a risk control system for its foreign exchange operations, focusing on market, liquidity, operational, and legal risks[84]. - The company plans to enhance its risk management strategies by closely monitoring international trade policies and adjusting market strategies accordingly[91]. - The company has identified risks related to international trade policies and is actively working to enhance its competitive edge and risk resilience[89]. Research and Development - The company has established a strong technical team with extensive experience in continuous innovation and product development, enhancing customer trust and dependency on its products[38]. - Research and development expenses amounted to 4.15 million yuan, a decrease of 14.24% year-on-year[54]. - The company aims to enhance its technological capabilities through ongoing research and development initiatives[186]. - The company is committed to ongoing research and development to drive innovation and improve operational efficiency[191]. Compliance and Governance - There were no significant environmental penalties or issues reported during the period[106]. - The company has not engaged in any entrusted loans during the reporting period, reflecting a conservative financial strategy[85]. - The company has not reported any overdue amounts or impairment provisions related to its entrusted financial management[81]. - The financial statements were approved for release by the company's board on August 5, 2022[196].