ZFGF(SZ:300695)2023-08-26 05:52Financial Performance - In the first half of 2023, the company achieved operating revenue of 337.40 million CNY, an increase of 31.20% compared to the same period last year [2] - The net profit attributable to shareholders was 76.41 million CNY, a decrease of 20.36% year-on-year [3] - The net profit after deducting non-recurring gains and losses was 66.58 million CNY, reflecting a growth of 1.83% year-on-year [3] - In Q2 2023, the company reported operating revenue of 201.38 million CNY, a quarter-on-quarter increase of 48.04% [3] - The net profit attributable to shareholders in Q2 was 51.56 million CNY, a quarter-on-quarter increase of 107.45% [3] Cost Management - The company implemented effective cost control measures, resulting in a 28.10% reduction in sales expenses while maintaining management expenses at a similar level to the previous year [3] - Despite a decrease in net profit, the main business revenue saw significant growth of over 30% year-on-year [3] Business Strategy - The company is actively pursuing a "dual-wheel drive" development strategy focusing on both the aftermarket and original equipment manufacturer (OEM) business [3] - The OEM business has gradually opened up, with key clients including major domestic automotive manufacturers [3] - The company is expanding into the new energy vehicle (NEV) electronic control project, aiming to enhance product value and competitiveness in the NEV supply chain [4][5] Research and Development - The company maintains a research and development investment ratio of over 6%, focusing on high-end industrial bearings and automotive electronic control products [4][5] - Collaboration with universities and research institutions is ongoing to enhance R&D capabilities and achieve breakthroughs in high-end industrial bearings [5] Corporate Social Responsibility - The company donated 10 million CNY to the Zhejiang University Education Foundation to support educational development, reinforcing its commitment to corporate social responsibility [4][5]