BOSUN(SZ:002282)2024-08-22 09:05Financial Performance - The company achieved a net profit attributable to shareholders of 165.79% year-on-year growth in the first half of 2024, primarily driven by the hardware tools and coated abrasives segments [1] - The total amount raised through a non-public offering in January 2021 was CNY 425.4849 million, fully utilized for various purposes including cash payments, working capital, and the establishment of a technology R&D center [1] Business Segments - The company operates in three main segments: diamond tools, coated abrasives, and rail transit equipment [2] - The diamond tools segment has the highest degree of internationalization, with 75% of its revenue coming from North America, Europe, Southeast Asia, and the Middle East [2] - Coated abrasives currently generate about 9% of their revenue from overseas markets, primarily Vietnam [2] Market Strategy - The company plans to leverage its sales subsidiaries in North America to expand coated abrasives sales in that market [2] - The rail transit equipment segment is a core supplier of brake discs for China's Fuxing bullet trains, with some products also being exported to India, South Korea, and Turkey [2] R&D Investment - The company invests in R&D across its three main business areas: hardware tools, rail transit components, and coated abrasives, with plans to continue increasing R&D investment based on identified directions and funding needs [2] Risk Management - The company acknowledges the competitive nature of the rail product market and emphasizes the importance of product quality, internal management, cost reduction, and efficiency improvement to meet market challenges [2] Financial Health - Accounts receivable increased significantly compared to the previous year due to expanded sales scale and longer collection cycles for brake disc sales [3] - Operating cash flow decreased year-on-year, attributed to increased bank drafts received and higher cash payments for goods and services, as well as increased tax expenses [3]