Financial Performance - The company's operating revenue for the reporting period was ¥645,485,019.67, representing an increase of 8.31% compared to ¥595,984,239.54 in the same period last year[22]. - The net profit attributable to shareholders decreased by 48.49% to ¥18,202,307.94 from ¥35,336,409.86 year-on-year[22]. - The net profit after deducting non-recurring gains and losses was ¥11,149,086.33, down 63.32% from ¥30,397,914.26 in the previous year[22]. - The company's cash flow from operating activities was negative at -¥79,005,611.01, worsening by 73.19% compared to -¥45,617,064.54 in the same period last year[22]. - Total assets increased by 13.71% to ¥1,413,939,591.08 from ¥1,243,465,977.25 at the end of the previous year[22]. - The net assets attributable to shareholders rose by 66.64% to ¥760,516,667.62 from ¥456,384,494.69 at the end of the previous year[22]. - The company's sales expenses rose by 58.88% to CNY 11.46 million, primarily due to increased employee compensation[65]. - The net profit for the first half of 2022 was CNY 18,095,464.57, a decline of 48.8% from CNY 35,336,409.86 in the first half of 2021[181]. - Basic earnings per share decreased to CNY 0.4354, down from CNY 0.9863 in the previous year[182]. Company Operations - The company operates under the stock code 301131 on the Shenzhen Stock Exchange[16]. - The report period covers from January 1, 2022, to June 30, 2022[13]. - The company is involved in the production of modified plastics and engineering plastics[12]. - The company has a registered address in Guangzhou, China, with no changes reported during the period[18]. - The company’s legal representative is Hao Yuanzeng[16]. - The company has established strong partnerships with well-known clients such as Midea, Gree, and Toyota, indicating broad market recognition[31]. - The company has established a comprehensive sales and after-sales service network, enhancing its market competitiveness and responsiveness to customer needs[55]. - The company has established a new subsidiary, Kexin, in March 2022, focusing on photovoltaic materials, with a registered capital of CNY 21.33 million[61]. Research and Development - The company maintains a focus on R&D and has established a comprehensive product line covering various polymer materials, including functional modified polymers[31]. - The company has a strong R&D team and has developed various modification technologies, including flame retardant and functional modifications, ensuring a continuous supply of high-quality products[52]. - The company’s R&D investment was CNY 16.14 million, a slight decrease of 3.23% compared to the previous year[65]. - The company has obtained 59 authorized invention patents, including 2 new patents during the reporting period, demonstrating its commitment to innovation[53]. Market and Industry Trends - The modified plastics industry is experiencing rapid growth due to the increasing requirements for mechanical strength, toughness, and corrosion resistance in various manufacturing sectors[44]. - Economic transformation in China is driving the demand for domestic alternatives to imported materials, creating opportunities for local modified plastic manufacturers[41]. - The rise of technologies such as 5G and AI is increasing the demand for high-performance modified plastics, particularly in smart home and new energy vehicle markets[42]. - The domestic market for modified plastics is expected to grow significantly as the industry continues to evolve and adapt to new technological advancements[44]. Financial Management - The company reported a total of 9,006.24 million CNY in entrusted financial management, with no overdue amounts or unrecovered principal[85]. - The company has committed to invest ¥20,000.00 million in the East China production base phase II project, with 10.96% of the investment completed by the end of the reporting period[80]. - The company has allocated ¥8,000.00 million for working capital, with 100.01% of the investment completed[80]. - The company has not changed the use of raised funds, with no funds reallocated during the reporting period[77]. Corporate Governance and Compliance - The financial report is guaranteed to be true, accurate, and complete by the company's management[3]. - The company has not reported any changes in its information disclosure practices during the period[19]. - The company has not experienced any direct impact from the ongoing COVID-19 pandemic, but acknowledges potential future risks if the situation worsens domestically[100]. - The company has not received any administrative penalties related to environmental issues during the reporting period[111]. - The company has established a safety production responsibility system and strictly adheres to safety production laws and regulations, ensuring no major safety accidents occurred during the reporting period[121]. Shareholder Information - The company completed its initial public offering (IPO) of 11,952,152 shares at a price of RMB 30 per share, increasing total shares from 35,827,848 to 47,780,000[149]. - The largest shareholder, Hao Yuanzeng, holds 24.55% of the shares, amounting to 11,730,000 shares, with no changes during the reporting period[159]. - The company’s shareholding structure includes 33.87% held by domestic legal persons and 66.13% held by domestic natural persons[149]. - The total number of ordinary shareholders at the end of the reporting period was 8,405, with no preferred shareholders[159].
聚赛龙(301131) - 2022 Q2 - 季度财报