CSI Intelligent Finance Dali Technology (002214) disclosed its 2022 semi-annual report on August 27. In the first half of 2022, the company achieved total operating income of RMB 250 million, a year-on-year decrease of 60.96%; net profit attributable to shareholders was RMB 2.6887 million, a year-on-year decrease of 98.97%; net profit excluding non-net profit was RMB 6.608 million, a year-on-year profit of RMB 208 million; net cash flow generated by operating activities was RMB -190 million, a year-on-year decrease of RMB 37.7805 million; during the reporting period, Dali Technology's basic earnings per share was RMB 0.0045, and the weighted average return on assets was RMB 0.11%.
During the reporting period, the company's total non-recurring gains and losses were RMB 9.2967 million, of which the government subsidy included in the current profit and loss was RMB 10.4585 million.
According to the announcement, the company's industry belongs to the computer, communications and other electronic equipment manufacturing industries under the manufacturing industry, with a broad market space and good returns. The company's main business covers two major areas: infrared and optoelectronic products and inspection robots and human products.
According to the semi-annual report, the company achieved total operating income of 109 million yuan in the second quarter, a year-on-year decrease of 68.59% and a month-on-month decrease of 22.57%; net profit attributable to shareholders was -5.3811 million yuan, a year-on-year decrease of 103.39% and a month-on-month decrease of 166.68%; net profit excluding non-network was -11.8576 million yuan, a year-on-year decrease of 110.82% and a month-on-month decrease of 325.88%.
In the first half of 2022, the company's gross profit margin was 60.08%, an increase of 2.87 percentage points year-on-year; the net profit margin was -0.81%, a decrease of 40.79 percentage points from the same period last year. Judging from the single-quarter indicators, the company's gross profit margin in the second quarter of 2022 was 62.67%, an increase of 7.76 percentage points year-on-year and 4.59 percentage points month-on-month; the net profit margin was -6.50%, a decrease of 51.87 percentage points from the same period last year and a decrease of 10.10 percentage points from the previous quarter.
In the second quarter of 2022, the company's return on equity was -0.22%, a year-on-year decrease of 6.44 percentage points and a month-on-month decrease of 0.54 percentage points.
In the first half of 2022, the company's net cash flow for operating activities was -190 million yuan, a year-on-year decrease of 152 million yuan; the net cash flow for financing activities was 12.7985 million yuan, a year-on-year decrease of 770 million yuan; the net cash flow for investment activities was 183 million yuan, a year-on-year decrease of -440 million yuan.
In the first half of 2022, the company's operating income cash ratio was 43.76%, and the net cash ratio was -7074.61%.
As for major changes in assets, as of the end of the second quarter of 2022, the company's cash capital decreased by 23.23% from the end of the previous year, accounting for 5.69 percentage points, mainly due to the reduction in cash capital caused by shares repurchase and dividends; accounts receivable increased by 16.64% from the end of the previous year, accounting for 4.58 percentage points from the end of the previous year, mainly due to the increase in sales revenue; inventory increased by 15.22% from the end of the previous year, accounting for 2.27 percentage points from the end of the previous year, accounting for 27.15% from the end of the previous year, accounting for 0.38 percentage points from the increase in investment in the "intelligent photoelectric detection system manufacturing base project" during the reporting period.
In terms of major changes in liabilities, as of the end of the second quarter of 2022, the company's short-term loans increased by 90.19% from the end of the previous year, accounting for 1.52 percentage points of the company's total assets, mainly due to the increase in short-term operating capital demand.
Judging from the inventory changes, as of the end of the first half of 2022, the company's inventory book balance was 533 million yuan, accounting for 21.93% of its net assets, an increase of 67.8005 million yuan from the end of the previous year. Among them, the inventory impairment provision was 19.6035 million yuan, and the provision ratio was 3.68%. In terms of debt repayment ability, the company's debt-to-asset ratio at the end of the second quarter of 2022 was 15.29%, an increase of 3.93 percentage points from the end of the previous year; the interest-bearing debt-to-asset ratio was 4.97%, an increase of 3.26 percentage points from the end of the previous year.
semi-annual report shows that among the top ten circulating shareholders of the company at the end of the first half of 2022, the new shareholder was Hong Kong Central Settlement and Clearing Co., Ltd., replacing Liao Hongbin at the end of the first quarter. In terms of specific shareholding ratios, Peng Guohua's shareholding has increased, while CITIC Securities Co., Ltd., First Entrepreneurship Securities-Industry Bank-First Entrepreneurship Juzeng No. 2 collective asset management plan has decreased.
| Share name | Stakeholder shares (ten thousand shares) | Sales proportion (%) | Total share capital (%) | Changes proportion (%) |
|---|---|---|---|---|
| Pang Huimin | 4003.98 | 6.681782 | Unchanged | |
| Peng Guohua | 2000 | 3.337572 | 2 | 2.56 |
| Chapter Jia Huan | 749.15 | 1.250168 | 1 unchanged | |
| 1 Youzhongna Forrest Gump - Red Bull No. 1 private equity securities investment fund | 701.34 | 1.170393 | unchanged | |
| Hong Kong Central Settlement Co., Ltd. | 452.9 | 0.755797 | New | |
| China Life Pension Strategy No. 4 Stock Pension Product-China Industrial and Commercial Bank Hangzhou Co., Ltd. | 414.25 | 0.691288 | 1 unchanged | |
| 1 CITIC Securities Co., Ltd. | 388.76 | 0.64876 | -0.06 | |
| 1 First Entrepreneurship Securities-Industry Bank-First Entrepreneurship Juzeng No. 2 Collective Asset Management Plan | 382.84 | 0.638883 | -0.10 | |
| 356.89 | 0.595581 | remains unchanged | ||
| 1 Youzhongna Forrest Gump-Red Bull No. 2 Private Equity Securities Investment Fund | 353.47 | 0.589872 | remains unchanged |
In terms of chip concentration, as of the end of the second quarter of 2022, the total number of shareholders in the company was 39,100, a decrease of 2,046 from the end of the first quarter, a decrease of 4.97%; the average shareholding market value dropped from 196,700 yuan at the end of the first quarter to 194,700 yuan, a decrease of 1.02%.
