[中报]深康佳Ｂ(200016):2023年半年度报告（英文版）
原标题:深康佳Ｂ:2023年半年度报告（英文版） INTERIMREPORT2023 2023-54 August2023 PartIImportantNotes,TableofContentsandDefinitions TheBoardofDirectors(orthe“Board”),theSupervisoryCommitteeaswellasthedirectors,supervisorsandseniormanagementofKonkaGroupCo.,Ltd.(hereinafterreferredtoasthe“Company”)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthis Report and its summary, and shall be jointly and severally liable for anymisrepresentations,misleadingstatementsormaterialomissionstherein.ZhouBin,theCompany’slegalrepresentative,LiChunlei,theCompany’sChiefFinancialOfficer(CFO),andPingHeng,theheadoftheCompany’sfinancialdepartment(equivalenttofinancialmanager)herebyguaranteethattheFinancialStatementscarriedinthisReportarefactual,accurateandcomplete. AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary. Anyplansforthefutureorotherforward-lookingstatementsmentionedinthisReportanditssummary shall NOT be considered as absolute promises of the Company to investors.Therefore,investorsareremindedtoexercisecautionwhenmakinginvestmentdecisions.TheCompanyhasnointerimdividendplan,eitherintheformofcashorstock.ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail. TableofContents PartIImportantNotes,TableofContentsandDefinitions...........................................................2 PartIICorporateInformationandKeyFinancialInformation.................................................10 PartIIIManagementDiscussionandAnalysis..............................................................................14 PartIVCorporateGovernance.......................................................................................................28 PartVEnvironmentalandSocialResponsibility..........................................................................29 PartVISignificantEvents...............................................................................................................41 PartVIIShareChangesandShareholderInformation................................................................61 PartVIIIPreferredShares..............................................................................................................65 PartIXCorporateBonds.................................................................................................................66 PartXFinancialStatements............................................................................................................69 DocumentsAvailableforReference 1.ThefinancialstatementswiththesignaturesandsealsoftheCompany’slegalrepresentative,ChiefFinancialOfficerandheadofthefinancialdepartment; 2.TheoriginalsofalltheCompany’sdocumentsandannouncementsdisclosedtothepublicintheReportingPeriod;and 3.ThedocumentsaboveareavailableattheSecretariatoftheBoard. Definitions
ICorporateInformation
1.ContactInformationoftheCompany Indicatebytickmarkwhetheranychangeoccurredtotheregisteredaddress,officeaddressandtheirzipcodes,websiteaddress,emailaddressandothercontactinformationoftheCompanyintheReportingPeriod. □Applicable√Notapplicable NochangeoccurredtothesaidinformationintheReportingPeriod,whichcanbefoundinthe2022AnnualReport. 2.MediaforInformationDisclosureandPlacewherethisReportisLodgedIndicatebytickmarkwhetheranychangeoccurredtotheinformationdisclosuremediaandtheplaceforlodgingtheCompany’speriodicreportsintheReportingPeriod.□Applicable√Notapplicable Thewebsiteofthestockexchange,themediaandotherwebsiteswheretheCompany’speriodicreportsaredisclosed,aswellastheplaceforlodgingsuchreportsdidnotchangeintheReportingPeriod.Thesaidinformationcanbefoundinthe2022AnnualReport. 3.OtherInformation IndicatebytickmarkwhetheranychangeoccurredtootherinformationintheReportingPeriod.□Applicable√Notapplicable IVKeyFinancialInformation Indicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.√Yes□No Reasonforretrospectiverestatement: Changetoaccountingpolicies
V Accounting Data Differences under China’s Accounting Standards for BusinessEnterprises(CAS)andInternationalFinancialReportingStandards(IFRS)andForeignAccountingStandards 1.NetProfitandEquityunderCASandIFRS □Applicable√Notapplicable NosuchdifferencesfortheReportingPeriod. 2.NetProfitandEquityDifferencesunderCASandForeignAccountingStandards□Applicable√Notapplicable NosuchdifferencesfortheReportingPeriod. VIExceptionalGainsandLosses √Applicable□Notapplicable Unit:RMB
√Applicable□Notapplicable
IPrincipalActivityoftheCompanyintheReportingPeriod Atpresent,theprincipaloperationsoftheCompanyincludeconsumerelectronics,semiconductors,materialtechnology,industrytrade,etc.Amongthem,fortheindustrytradebusiness,theCompanyconductsprocurement,processinganddistributionofmaterialsattheupstreamanddownstreamendsoftheconsumerelectronicsandsemiconductorbusinesses.Thus,thisbusinesscanfallintotheconsumerelectronicsindustryorthesemiconductorindustry.Assuch,theindustriesinwhichtheCompany operated during the Reporting Period are the consumer electronics industry, thesemiconductorindustryandthematerialtechnologyindustry.Relevantinformationisprovidedasfollows: (I)Theconsumerelectronicsbusiness Thisdivisionprimarilycomprisesthemultimediasub-divisionandthewhitegoodssub-division,withdetailsasfollows: 1.Themultimediabusiness TheCompany'smultimediabusinessfacestheglobalmarket,mainlyincludingdomesticcolorTVbusinessandexportcolorTVbusiness. ThedomesticsalesoftheCompany’scolourTVsarerealizedmainlythroughB2B(Business-to-Business)andB2C(Business-to-Consumer),withitsbranchcompanies,businessdepartmentsandafter-salesmaintenancepointsoperatingacrossthecountry.AndtheCompanyprofitsfromthemarginsbetweenthecostsandthesellingpricesofitscolourTVs. AsforsellingitscolourTVsabroad,theCompanymainlyreliesonB2B.ItscolourTVsaresoldtoAsiaPacific,MiddleEast,Central&SouthAmerica,EastEurope,etc.AndoperatingprofitsourceisalsothedifferencesbetweenthecostsandthesellingpricesofitscolourTVs.Inthefirsthalfof2023,affectedbyfactorssuchasincreasinglyfiercemarketcompetition,andsluggishscalegrowth,thegrossprofitlevelofthecolourTVindustrycontinuedtobediluted.AccordingtostatisticsfromAllViewCloud(AVCforshort),theomni-channelretailsalesvolumeinChina'scolourTVmarketwas14.61millionunitsinthefirsthalfof2023,decliningby12.2%year-on-year,andtheretailsalesvaluewasRMB48.7billion,decreasingby8.5%year-on-year. With the intelligent upgrade of electronic products and iterative update of displaytechnologies,thecolourTVindustryisexpectedtoenterthestageofupgradeguidedbyscienceandtechnology,andthemarketscaleoftheindustryisexpectedtogrow.2.Thewhitegoodsbusiness ThewhitegoodsproducedbytheCompanymainlyincluderefrigerators,washingmachines,airconditioners,freezers,etc.Inthedomesticmarket,theseproductsaresoldthroughB2BandB2Cmodels.AndtheCompanyprofitsfromthemarginsbetweenthecostsandthesellingpricesofitswhitegoods.TheCompanystrengthenedthefoundationofourwhitegoodsbrandsthroughtheacquisitionoftheFrestecbrand.Meanwhile,theestablishmentoftheNingboA/CproductionbaseasajointventurehashelpedtheCompanybuilditsownA/Cmanufacturing capability.Theweaknessinthefront-loadingwashingmachinetechnologyhasbeenovercomebytheacquisitionofBeko(Front-loadingWashingMachine)ChinaFactory.Inaddition,theCompanywentonanewpathofexploringthedishwasherworldbysettingupXi’anSmartAppliancesPark.TheCompanyalsooptimizedtheinternalR&D,production,procurement,sales,andservicesprocesses,integratedthe external channel resources to enable channel sharing between the upstream procurementprocesses and downstream sales processes, and improved the product sales structure andcompetitivenessofthewhitegoodsbusiness. Intheoverseasmarket,thewhitegoodsaresoldmainlythroughaB2Bmodel,coveringEurope,Asia-Pacific,MiddleEast,Africa,LatinAmerica,etc.AndtheCompanyprofitsfromthemarginsbetweenthecostsandthesellingpricesoftheseproducts. Intermsoftheair-conditioningindustry,statisticsfromAVCshowthattheomni-channelretailsalesvolumeof China's air-conditioning market was 37.27 million unitsin thefirst halfof 2023,increasingby18.8%year-on-year,andtheretailsalesvaluewasRMB130.2billion,increasingby19.5%year-on-year.Withtheindustrialupgradedrivenbyrelevantpoliciesandtherecoveryofconsumerdemandfortrade-in,theair-conditioningindustryisexpectedtomaintainasteadygrowthtrendinthefuture.Intermsoftherefrigeratorindustry,statisticsfromAVCshowthattheomni-channelretailsalesvolumeofChina'srefrigeratormarketwas14.69millionunitsinthefirsthalfof2023,decreasingby2.6%year-on-year,andtheretailsalesvaluewasRMB47.9billion,increasingby5.2%year-on-year.Aspeoplebecomeincreasinglyconcernedabouthealthandfoodpreservation,andtheupgradetrendoflifequalityiscontinuouslyadvanced,steadydevelopmentandproductupgradewillbecomethemaincharacteristicsoftherefrigeratormarketinthefuture,andhealthfunction,aestheticappearanceanddifferentiateddoorbodywillbecomethenewpremiumdirectionofrefrigeratorproducts.Intermsofthewashingmachineindustry,statisticsfromAVCshowthattheomni-channelretailsalesvolumeofChina'swashingmachinemarketwas15.05millionunitsinthefirsthalfof2023,decreasingby4.6%year-on-year,andtheretailsalesvaluewasRMB47.9billion,increasingby5.2%year-on-year.Thedownturnintheofflinemarketaffectedtheoverallmarket performance of thewashing machine industry.However,with therise of new mediachannelsandtheimprovementofenterprisecostpressure,thehigh-endtrendofthewashingmachinemarketremainedunchanged,andthemarketisexpectedtomaintainastabledevelopmenttrendinthefuture. (II)Thesemiconductorbusiness Currently,theCompanyisengagedinstorage,optoelectronics,etc.withrespecttothesemi-conductorbusiness.Instorage,theCompanyprimarilyengagesinpackaging,testingandmarketingofstorageproducts.Inoptoelectronics,theCompanyprimarilydevelops,producesandmarketsMicroLED-relatedproducts. Thesemiconductorindustryisastrategic,fundamentalandleadingindustrythatsupportseconomicandsocialdevelopmentandsafeguardsnationalsecurity.Amongthem,semiconductorstorageisthelargest subdivision in the semiconductor industry in recent years. At present, South Koreancompanies represented by Samsung and Hynix are in the leading position in the field ofsemiconductor storage. China has also accelerated in boosting the production capacity ofsemiconductorstorageinrecentyears.Itisexpectedthattheself-sufficiencyratewillcontinuetoincrease. MicroLEDistheprevailingtrendanddevelopmentdirectionoffuturedisplaytechnology.Theindustrialchainisdividedintofourmainlinks:upstreamchipmanufacturingandmasstransfer,midstreampanelmanufacturing,anddownstreamcompletemachineapplication.TheMicroLEDhaswideindustrialapplicationandabroadmarket. (III)Thematerialtechnologybusiness Currently, this business focuses on collecting, sorting, processing, distributing and marketingrenewableresources. Withtheintroductionofaseriesoffavorablepoliciestoencouragetherecyclingandutilizationofrenewableresourcesandthecontinuousenhancementofenvironmentalprotectionsupervision,thedevelopmentscaleofthedomesticrenewableresourcerecyclingindustrywillgrowsteadily.(IV)Theindustrytradebusiness The Company's industry trade business mainly focuses on the procurement, processing anddistributionofICchipstorage,LCDandothermaterialsinvolvedinitsconsumerelectronicsandsemiconductor businesses. The operating profit comes from the processing fee and the pricedifferencebetweenupstreamprocurementanddownstreamsales.Theindustrytradebusinesscanhelp the Company establish good relationships with its upstream suppliers and downstreamcustomers,andkeepitinformedofpricesofthematerialsusedinitsproductionforbettercostcontroloveritsexistingproducts.Additionally,itisabletofacilitatethedevelopmentofthesemiconductorbusinessbyhelpingaccumulatecustomerresourcesforthesemiconductorandchipbusiness, provide sales channels, and achieve accurate matching of market demand, with ashortened productdevelopmentperiod andalowerriskofmismatchingofR&D andmarketdemand. IICoreCompetitivenessAnalysis The Company’s core competitiveness lies in its manufacturing ability, R&D ability, brand,marketingnetworkandhumanresources.Intermsofmanufacturingability,theCompanyhascarriedoutintelligentupgradingofmanufacturingbasesinAnhui,Dongguan,Suining,Xinxiang,etc., of which the Anhui Konka plant has been awarded the title of "National IntelligentManufacturingDemonstrationFactory",withanadvancedintelligentmanufacturinglevelintheindustry. It has developed a three-tier R&D system of “Research institute+key labs+productdevelopmentcenters”,establishedartificialintelligenceinternetofthingscomprehensivelaboratoryand5GUltraHDlaboratorywithmajoruniversitiesorscientificresearchinstitutions,establishedacademicianworkstation,andbuiltatechnologyresearchalliancematchingtheindustriallayout,withnearly100coretechnologiesandabout1,500R&Dtalents.TheCompanyhasintroducedaround100expertsonthemicroLEDproject.Intermsofbrand,theCompanycontinuestopromote brand strategy construction, system construction, image construction and culturalconstruction, focuses on improving the scientific and international image of the enterprise,strengthensthebrandstatus,hasacertainbrandawarenessandreputationintheconsumergroup,andhasgoodbrandcreditinbanksandotherfinancingchannels.Intermsofmarketingchannels,theCompanyinnovateschannelreform,cooperatesonlineandofflineforwin-winresults,andstrivesfordevelopmentathomeandabroad.Regardingofflinechannels,theCompanyhas33branches,morethan100offices,andmorethan3,000after-salesserviceshopsacrossChina,andthemarketingandservicenetworkisalloverthecountry;asforonlinechannels,theCompanyhassettledinTmall,JD,Suning,VIPshop,Pinduoduoandothermainstreame-commerceplatformstoinnovate and develop live e-commerce business, and seek a new growth pole for businessdevelopment; overseas channel, thecompany TheCompany's business covers Latin America,Europe,AsiaPacificandothercountriesandregions,withasoundmarketingnetwork.Intermsofhuman resources, theCompany boastsa leadership team ofmany years ofmanagement andindustryexperience,aswellasahighqualityexecutionteam. IIIAnalysisofMainBusinesses (I)Overview During the Reporting Period, the Company focused on the core businesses of "ConsumerElectronics+Semiconductor",adheredtoprofessionalplatform-basedoperation,implementedleanmanagement,advocatedlong-termvalueandworkedtoimproveitsfinancialresults.Also,effortsweremadetostrengthencompetitivenessinthemarketandacceleratethetransformationfrom"KonkaElectronics"to"KonkaTechnology".TheCompany,duringtheReportingPeriod,promotedbusinessrestructuringbyoptimisingpartofnon-corebusinesswhichfailedtocoordinatewiththemain business and had low gross margin. The scale of the industry trade business droppedsignificantlyyear-on-year,resultinginacertaindecreaseoftheCompany'soperatingrevenue.Affectedbythefollowingfactors,theCompanyrecordedanetlossattributabletoitsshareholdersinthefirsthalfof2023: 1.ThegrossmarginofthecolourTVbusinessdeclinedyear-on-year,duetoshrunkenindustryscale,increasedcostofthesupplychain,theproductsalesstructureintheadjustmentphase.(1)ThedomesticscaleofthecolourTVindustrykeptdecreasing.TherecoveryofthedomesticscaleofthecolourTVindustryinthefirsthalfof2023didnotmeetexpectations.Duetothedecreasedmarketscale,boththerevenueandtotalgrossmarginoftheCompany'scolourTVbusinessinChinafellyear-on-yearinthefirsthalfof2023. (2)TheincreasedcostoftheupstreamsupplychainledtoadecreaseintheCompany'sgrossmargininthecolourTVOEMbusiness:Thefirsthalfof2023witnessedanincreaseintheincomescaleoftheCompany'scolourTVOEMbusiness.Nevertheless,theordersdeliveredintheperiodsufferedfromdecreasedgrossmargin,duetotheincreasedcostoftheupstreamsupplychain,whichresultedinadecreaseinthetotalgrossmarginoftheCompany'sOEMbusiness.(3)TheproductsalesstructureofcolourTVsisintheadjustmentphase.Inordertokeepupwithmarketdemands,forthecolourTVbusiness,theCompanyisgraduallyadjustingitsproductplanningandsalesstrategiestowardhighlyfrequentdemands,suchasbigscreens,highfreshrates,andnewdisplaytechnologies.(Bigscreensarebiggerthan65inches(inclusive).Highfreshratesexceed120Hz(inclusive).ExamplesofnewdisplaytechnologiesareMicroLEDsandMiniLEDs.)Evenso,thesalesscaleandtotalgrossmarginofthecolourTVbusinesswereinfluenced,asnewcolourTVproductswereintheintroductionphaseandmarketingstrategieswereintheadjustmentphaseinthefirsthalfof2023. 2.TheCompany'ssemiconductorbusinesswasstillattheinitialphaseofindustrialisationduringtheReportingPeriod.Inotherwords,theoutputdidnotmeettherequirementsinscaleandbenefits,whichaffectedtheCompany'soveralloperatingprofit. 3.IncomewasgainedfromtheCompany'sprojectsintheindustrialparksinShangraoCity,JiangxiProvince,ShaoxingCity,ZhejiangProvince,andYibinCity,SichuanProvinceinthefirsthalfof2023.TheCompanyreduceditsbusinessinindustrialparksinthisperiod,incombinationofitsdevelopment strategies and the macro-economic environment. Therefore, the relevant incomedecreasedyear-on-year. (II)Year-on-yearchangesinkeyfinancialdata: Unit:RMB
Nosuchchanges. (III)Breakdownofoperatingrevenue: Unit:RMB
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