凯盛新材(301069) - 2023 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2023 was CNY 491.97 million, a decrease of 6.02% compared to CNY 523.49 million in the same period last year[21]. - The net profit attributable to shareholders was CNY 103.07 million, down 21.51% from CNY 131.31 million year-on-year[21]. - Basic earnings per share decreased by 21.52% to CNY 0.2450 from CNY 0.3122 in the same period last year[21]. - The total comprehensive income for the first half of 2023 was CNY 102,917,990.62, compared to CNY 131,313,607.79 in the same period of 2022[164]. - The total profit for the first half of 2023 was CNY 116,873,022.62, a decrease of 24.8% from CNY 155,560,703.68 in the same period of 2022[167]. - The company's operating profit for the first half of 2023 was CNY 117,275,499.50, a decline of 24.5% from CNY 155,459,468.09 in the same period of 2022[167]. - The company's investment income for the first half of 2023 was CNY 3,336,533.93, down from CNY 5,119,283.90 in the same period of 2022[166]. - The company reported a significant increase in management expenses by 30.31% to ¥32,660,817.66, mainly due to increased employee compensation and depreciation[51]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 94.57 million, a significant decline of 454.76% compared to negative CNY 17.05 million in the previous year[21]. - The company's cash and cash equivalents decreased by 263.30% to -¥78,327,204.58 from ¥47,964,744.26 year-on-year[52]. - The ending balance of cash and cash equivalents was 163,993,245.93 CNY, down from 248,562,587.44 CNY at the end of the previous period[171]. - The total cash inflow from operating activities was 196,702,292.58 CNY, while cash outflow was 291,267,900.79 CNY, resulting in a net cash outflow of 94,565,608.21 CNY[170]. - The net cash flow from investment activities was 77,906,647.07 CNY, compared to 169,955,240.75 CNY in the same period last year, indicating a decline in investment activity[170]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1.73 billion, an increase of 3.57% from CNY 1.67 billion at the end of the previous year[21]. - The total liabilities increased to CNY 221,342,988.15 from CNY 148,464,405.93, indicating a rise in financial leverage[161]. - The company's total assets reached CNY 1,715,907,368.79 as of June 30, 2023, compared to CNY 1,593,308,849.45 at the beginning of the year, reflecting a growth of 7.7%[161]. - The company's current assets totaled CNY 743,751,235.25, slightly down from CNY 744,858,108.81 at the start of the year[155]. - The total non-current assets reached CNY 984,263,824.26, compared to CNY 923,667,501.68 at the beginning of the year, marking an increase of approximately 6.5%[156]. Research and Development - Research and development investment increased by 41.19% to ¥25,987,452.31, primarily due to an increase in R&D projects[52]. - The company employs 201 R&D and technical personnel, with 6 holding doctoral degrees and 6 holding master's degrees, focusing on high-end chemical products and new energy products[43]. - The company has committed to invest RMB 28,189.15 million in various projects, with RMB 9,861.19 million already invested as of the reporting period[67]. Market and Operations - The company operates in the fine chemical products and new polymer materials sector, focusing on inorganic chemicals, carboxylic chlorides, hydroxyl chlorides, and polyether ketone ketone (PEKK) production[29]. - The company has established a comprehensive production chain from basic chemical raw materials to high-performance polymer materials, including LiFSI for lithium batteries[31]. - The company is actively developing new technologies and products in response to market trends, focusing on innovation and talent development to maintain its industry-leading position[36]. - The company has established long-term stable relationships with major suppliers for its raw materials, ensuring a steady supply chain[35]. Environmental and Safety Management - The company has established a strong safety management system, including regular safety training and inspections to ensure stable operations[40]. - The company has implemented digital and information management upgrades across production units, enhancing efficiency and reducing steam consumption[105]. - The company has established an emergency response plan for environmental incidents, including necessary equipment and regular drills[102]. - The average concentration of sulfur dioxide emissions is 0.515 mg/m³, and nitrogen oxide emissions are 0.765 mg/m³, both compliant with regional standards[97]. Shareholder and Equity Information - The total number of shares is 420,640,000, with 66.61% being restricted shares and 33.39% being unrestricted shares[139]. - The total number of restricted shares at the end of the period is 280,200,000, with no shares released during the current period[141]. - The company has no preferred shareholders as of the reporting period[142]. - The company plans to not distribute cash dividends or issue bonus shares for the semi-annual period[89].