[中报]深康佳Ｂ(200016):2024年半年度报告（英文版）
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时间：2024年08月30日 22:11:31 中财网 |
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原标题:深康佳Ｂ:2024年半年度报告（英文版）
KONKAGROUPCO.,LTD.
INTERIMREPORT2024
2024-42
August2024
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.CaoShiping,theCompany’slegalrepresentative,NieYong,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...................................................8
PartIIIManagementDiscussionandAnalysis..............................................................................11
PartIVCorporateGovernance.......................................................................................................22
PartVEnvironmentalandSocialResponsibility..........................................................................24
PartVISignificantEvents...............................................................................................................36
PartVIIShareChangesandShareholderInformation................................................................50
PartVIIIPreferredShares..............................................................................................................54
PartIXCorporateBonds.................................................................................................................55
PartXFinancialStatements............................................................................................................59
DocumentsAvailableforReference
1.ThefinancialstatementswiththesignaturesandsealsoftheCompany’slegalrepresentative,ChiefFinancialOfficerandheadofthefinancialdepartment;
2.TheoriginalsofalltheCompany’sdocumentsandannouncementsdisclosedtothepublicintheReportingPeriod;and
3.ThedocumentsaboveareavailableattheSecretariatoftheBoard.
Definitions
| Term | Definition | | The“Company”,the“Group”,“KonkaGroup”or
“we” | KonkaGroupCo.,Ltd.anditsconsolidatedsubsidiaries,exceptwherethe
contextotherwiserequires | | ElectronicsTechnology | ShenzhenKonkaElectronicsTechnologyCo.,Ltd. | | HaimenKonka | NantongHaimenKonkaSmartTechnologyCo.,Ltd. | | ChengduKonkaSmart | ChengduKonkaSmartTechnologyCo.,Ltd. | | ChengduKonkaElectronic | ChengduKonkaElectronicCo.,Ltd. | | NantongHongdin | NantongHongdinSmartTechnologyCo.,Ltd. | | ShenzhenKangcheng | ShenzhenKangchengTechnologyInnovationandDevelopmentCo.,Ltd. | | XiaojiaTechnology | XiaojiaTechnologyCo.,Ltd. | | LiaoyangKangshunSmart | LiaoyangKangshunSmartTechnologyCo.,Ltd. | | LiaoyangKangshunRenewable | LiaoyangKangshunRenewableResourcesCo.,Ltd. | | NanjingKonka | NanjingKonkaElectronicsCo.,Ltd. | | ChuzhouKonka | ChuzhouKonkaPrecisionIntelligentManufacturingTechnologyCo.,Ltd. | | XingDaHongYe | GuangDongXingDaHongYeElectronicCo.,Ltd. | | KonkaCircuit | ShenzhenKonkaCircuitCo.,Ltd. | | KonkaFlexibleElectronic | SuiningKonkaFlexibleElectronicTechnologyCo.,Ltd. | | KonkaHongyeElectronics | SuiningKonkaHongyeElectronicsCo.,Ltd. | | BoluoPrecision | BoluoKonkaPrecisionTechnologyCo.,Ltd. | | BoluoKonka | BoluoKonkaPCBCo.,Ltd. | | AnhuiTongchuang | AnhuiKonkaTongchuangElectricalAppliancesCo.,Ltd. | | JiangsuKonkaSmart | JiangsuKonkaSmartElectricalAppliancesCo.,Ltd. | | AnhuiElectricalAppliance | AnhuiKonkaElectricalApplianceTechnologyCo.,Ltd. | | FrestecRefrigeration | HenanFrestecRefrigerationApplianceCo.,Ltd. | | FrestecElectricalAppliances | HenanFrestecElectricalAppliancesCo.,Ltd. | | FrestecHouseholdAppliances | HenanFrestecHouseholdAppliancesCo.,Ltd. | | FrestecSmartHome | HenanFrestecSmartHomeTechnologyCo.,Ltd. | | KonkaInvestment | ShenzhenKonkaInvestmentHoldingsCo.,Ltd. | | YibinKonkaTechnologyPark | YibinKonkaTechnologyParkOperationCo.,Ltd. | | KonkaCapital | ShenzhenKonkaCapitalEquityInvestmentManagementCo.,Ltd. | | KonkaSuiyong | KonkaSuiyongInvestment(Shenzhen)Co.,Ltd. | | ShengxingIndustrial | ShenzhenKonkaShengxingIndustrialCo.,Ltd. | | ZhitongTechnology | ShenzhenKonkaZhitongTechnologyCo.,Ltd. | | KonkaElectronicMaterial | KonkaElectronicMaterialTechnology(Shenzhen)Co.,Ltd. | | BeijingKonkaElectronic | BeijingKonkaElectronicCo.,Ltd. | | TianjinKonka | TianjinKonkaTechnologyCo.,Ltd. | | SuiningKonkaIndustrialPark | SuiningKonkaIndustrialParkDevelopmentCo.,Ltd. | | SuiningElectronicTechnologicalInnovation | SuiningKonkaElectronicTechnologicalInnovationCo.,Ltd. | | ShanghaiKonka | ShanghaiKonkaIndustrialCo.,Ltd. | | YantaiKangjin | YantaiKangjinTechnologyDevelopmentCo.,Ltd. | | MobileInterconnection | ShenzhenKonkaMobileInterconnectionTechnologyCo.,Ltd. | | SichuanKonka | SichuanKonkaSmartTerminalTechnologyCo.,Ltd | | YibinSmart | YibinKonkaSmartTechnologyCo.,Ltd. | | ShenzhenKONSEMI | ShenzhenKONSEMICo.,Ltd. | | ChongqingKonka | ChongqingKonkaTechnologyDevelopmentCo.,Ltd. | | KowinMemory(Shenzhen) | KowinMemoryTechnology(Shenzhen)Co.,Limited | | KowinMemory(HongKong) | KowinMemoryTechnology(HongKong)Co.,Limited | | KonkaXinyunSemiconductor | KonkaXinyunSemiconductorTechnology(Yancheng)Co.,Ltd. | | KonkaCross-border(Hebei) | KonkaCross-border(Hebei)TechnologyDevelopmentCo.,Ltd. | | ShenzhenNianhua | ShenzhenNianhuaEnterpriseManagementCo.,Ltd. | | KonkaHuazhong | KonkaHuazhong(Hunan)TechnologyCo.,Ltd. | | Wankaida | ShenzhenWankaidaScienceandTechnologyCo.,Ltd. | | ShenzhenChuangzhiElectricalAppliances | ShenzhenKonkaChuangzhiElectricalAppliancesCo.,Ltd. | | SuiningJiarunProperty | SuiningJiarunPropertyCo.,Ltd. | | AnhuiKonka | AnhuiKonkaElectronicCo.,Ltd. | | KangzhiTrade | AnhuiKangzhiTradeCo.,Ltd. | | TelecommunicationTechnology | ShenzhenKonkaTelecommunicationsTechnologyCo.,Ltd. | | KonkaMobility | KonkaMobilityCo.,Limited | | DongguanKonka | DongguanKonkaElectronicCo.,Ltd. | | SuiningKonkaSmart | SuiningKonkaSmartTechnologyCo.,Ltd. | | ChongqingOptoelectronicTechnology | ChongqingKonkaOptoelectronicTechnologyCo.,Ltd. | | YibinKangrun | YibinKangrunEnvironmentalTechnologyCo.,Ltd. | | YibinKangrunMedical | YibinKangrunMedicalWasteCentralizedTreatmentCo.,Ltd. | | NingboKhrElectricAppliance | NingboKhrElectricApplianceCo.,Ltd. | | JiangxiKonka | JiangxiKonkaNewMaterialTechnologyCo.,Ltd. | | JiangxiHighTransparentSubstrate | JiangxiHighTransparentSubstrateMaterialTechnologyCo.,Ltd. | | XinfengMicrocrystalline | JiangxiXinfengMicrocrystallineJadeCo.,Ltd. | | KonkaHuanjia | KonkaHuanjiaEnvironmentalTechnologyCo.,Ltd. | | KonkaHuanjia(Henan) | KonkaHuanjia(Henan)EnvironmentalTechnologyCo.,Ltd. | | ShanxiKonkaIntelligent | ShanxiKonkaIntelligentApplianceCo.,Ltd. | | PengrunTechnology | ShenzhenKonkaPengrunTechnology&IndustryCo.,Ltd. | | JiaxinTechnology | JiaxinTechnologyCo.,Ltd. | | KonkaRonghe | KonkaRongheIndustrialTechnology(Zhejiang)Co.,Ltd. | | KonkaUnifortune | ShenzhenKonkaUnifortuneTechnologyCo.,Ltd. | | JialiInternational | JialiInternational(HongKong)Limited | | Kangjiatong | SichuanKangjiatongTechnologyCo.,Ltd. | | Jiangkang(Shanghai)Technology | Jiangkang(Shanghai)TechnologyCo.,Ltd. | | KonkaIntelligentManufacturing | ShenzhenKonkaIntelligentManufacturingTechnologyCo.,Ltd. | | HainanKonkaTechnology | HainanKonkaTechnologyCo.,Ltd. | | KonkaVentures | KonkaVenturesDevelopment(Shenzhen)Co.,Ltd. | | YibinKonkaIncubator | YibinKonkaIncubatorManagementCo.,Ltd. | | YantaiKonka | YantaiKonkaHealthcareEnterpriseServiceCo.,Ltd. | | ChengduAnren | ChengduAnrenKonkaCulturalandCreativeIncubatorManagementCo.,Ltd. | | KonkaEnterpriseService | GuiyangKonkaEnterpriseServiceCo.,Ltd. | | KonkaEco-Development | ShenzhenKonkaEco-DevelopmentInvestmentCo.,Ltd. | | KonkaEurope | Konka(Europe)Co.,Ltd. | | HongKongKonka | HongKongKonkaLimited | | HongdinTrading | HongdinInternationalTradingLimited | | KonkaNorthAmerica | KonkaNorthAmericaLLC | | KanghaoTechnology | KanghaoTechnologyCo.,Ltd. | | HongdinInvest | HongdinInvestDevelopmentLimited | | ChainKingdomMemoryTechnologies | ChainKingdomMemoryTechnologiesCo.,Limited | | ChainKingdomSemiconductor(Shaoxing) | ChainKingdomSemiconductor(Shaoxing)Co.,Ltd. | | Hongjet | Hongjet(HongKong)CompanyLimited | | ChongqingXinyuanSemiconductor | ChongqingXinyuanSemiconductorCo.,Ltd. | | AnluKonka | AnluKonkaIndustryOperationServiceCo.Ltd. | | KanghongDongsheng | ShenzhenKanghongDongshengInvestmentPartnership(LimitedPartnership) | | GuizhouKonkaNewMaterialTechnology | GuizhouKonkaNewMaterialTechnologyCo.,Ltd. | | GuangdongXinwei | GuangdongXinweiSemiconductorCo.,Ltd. | | GuizhouKangguiMaterialTechnology | GuizhouKangguiMaterialTechnologyCo.,Ltd. | | NantongKanghai | NantongKanghaiTechnologyIndustryDevelopmentCo.,Ltd. | | ChongqingKangyiyun | ChongqingKangyiyunBusinessOperationManagementCo.,Ltd. | | JiangxiKonkaHigh-techPark | JiangxiKonkaHigh-techParkOperationandManagementCo.,Ltd. | | ShangraoKonkaElectronicTechnology
Innovation | ShangraoKonkaElectronicTechnologyInnovationCo.,Ltd. | | GuizhouKonkaNewEnergy | GuizhouKonkaNewEnergyMaterialTechnologyCo.,Ltd. | | ZhejiangKonkaElectronic | ZhejiangKonkaElectronicsCo.,Ltd. | | ZhejiangKonkaTechnologyIndustry | ZhejiangKonkaTechnologyIndustryDevelopmentCo.,Ltd. | | Xi'anKonkaIntelligent | Xi'anKonkaIntelligentApplianceCo.,Ltd. | | Xi'anKonkaNetwork | Xi'anKonkaNetworkTechnologyCo.,Ltd. | | Xi'anKanghongTechnologyIndustry | Xi'anKanghongTechnologyIndustryDevelopmentCo.,Ltd. | | Xi'anKonkaIntelligentTechnology | Xi'anKonkaIntelligentTechnologyDevelopmentCo.,Ltd. | | AnhuiKonkaLowCarbon | AnhuiKonkaLowCarbonTechnologyCo.,Ltd. | | KanghongXintong | ShenzhenKanghongXintongInvestmentPartnership(LimitedPartnership) | | SongyangIndustryOperation | SongyangKonkaSmartIndustryOperationManagementCo.,Ltd. | | KangyanTechnology | ShenzhenKangyanTechnologyCo.,Ltd. | | KonkaPhotovoltaicTechnology | KonkaPhotovoltaicTechnologyCo.,Ltd. | | SongyangKonkaIntelligent | SongyangKonkaIntelligentTechnologyDevelopmentCo.,Ltd. | | KonkaNorthChina | KonkaNorthChina(Tianjin)TechnologyCo.,Ltd. | | DigitalTechnology | ShenzhenKonkaDigitalTechnologyDevelopmentCo.,Ltd. | | CSRC | TheChinaSecuritiesRegulatoryCommission | | SZSE | TheShenzhenStockExchange | | CSRCShenzhen | TheShenzhenBureauoftheChinaSecuritiesRegulatoryCommission | | RMB,RMB’0,000,RMB’00,000,000 | ExpressedintheChinesecurrencyofRMB,expressedintensofthousandsof
RMB,expressedinhundredsofmillionsofRMB |
PartIICorporateInformationandKeyFinancialInformation
ICorporateInformation
| Stockname | KonkaGroup-A,KonkaGroup-B | Stockcode | 000016,200016 | | Changedstockname(ifany) | N/A | | | | Stockexchangeforstocklisting | ShenzhenStockExchange | | | | CompanynameinChinese | 康佳集团股份有限公司 | | | | Abbr.(ifany) | 康佳集团 | | | | CompanynameinEnglish(ifany) | KONKAGROUPCO.,LTD | | | | Abbr.(ifany) | KONKAGROUP | | | | Legalrepresentative | CaoShiping | | |
IIContactInformation
| | BoardSecretary | SecuritiesRepresentative | | Name | LiChunlei | MiaoLeiqiang | | Address | BoardSecretariat,24/F,KonkaR&DCenter,28Keji
South Twelfth Road, Science and Technology Park,
YuehaiStreet,NanshanDistrict,Shenzhen,Guangdong
Province,China | BoardSecretariat,24/F,KonkaR&DCenter,28Keji
South Twelfth Road, Science and Technology Park,
YuehaiStreet,NanshanDistrict,Shenzhen,Guangdong
Province,China | | Tel. | 0755-26609138 | 0755-26609138 | | Fax | 0755-26601139 | 0755-26601139 | | Email
address | [email protected] | [email protected] |
IIIOtherInformation
1.ContactInformationoftheCompany
Indicatebytickmarkwhetheranychangeoccurredtotheregisteredaddress,officeaddressandtheirzipcodes,websiteaddress,emailaddressandothercontactinformationoftheCompanyintheReportingPeriod.
□Applicable√Notapplicable
NochangeoccurredtothesaidinformationintheReportingPeriod,whichcanbefoundinthe2023AnnualReport.
2.MediaforInformationDisclosureandPlacewherethisReportisLodgedIndicatebytickmarkwhetheranychangeoccurredtotheinformationdisclosuremediaandtheplaceforlodgingtheCompany’speriodicreportsintheReportingPeriod.□Applicable√Notapplicable
Thewebsiteofthestockexchange,themediaandotherwebsiteswheretheCompany’speriodicreportsaredisclosed,aswellastheplaceforlodgingsuchreportsdidnotchangeintheReportingPeriod.Thesaidinformationcanbefoundinthe2023AnnualReport.
3.OtherInformation
IndicatebytickmarkwhetheranychangeoccurredtootherinformationintheReportingPeriod.□Applicable√Notapplicable
IVKeyFinancialInformation
Indicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.□Yes√No
| | H12024 | H12023 | Change(%) | | Operatingrevenue(RMB) | 5,412,530,372.47 | 10,472,061,171.94 | -48.31% | | Netprofitattributabletothelisted
company’sshareholders(RMB) | -1,087,581,842.55 | -193,240,232.33 | -462.81% | | Netprofitattributabletothelisted
company’sshareholdersbefore
exceptionalgainsandlosses(RMB) | -1,103,078,610.72 | -891,594,370.41 | -23.72% | | Netcashgeneratedfrom/usedinoperating
activities(RMB) | -439,338,365.13 | -201,550,105.24 | -117.98% | | Basicearningspershare(RMB/share) | -0.4517 | -0.0803 | -462.52% | | Dilutedearningspershare(RMB/share) | -0.4517 | -0.0803 | -462.52% | | Weightedaveragereturnonequity(%) | -21.33% | -2.55% | -18.78% | | | 30June2024 | 31December2023 | Change(%) | | Totalassets(RMB) | 34,324,017,267.75 | 35,824,818,212.66 | -4.19% | | Equityattributabletothelistedcompany’s
shareholders(RMB) | 4,553,306,674.94 | 5,644,401,184.65 | -19.33% |
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
| Item | Amount | Note | | Gainorlossondisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | 837,373.68 | | | Governmentgrantsrecognisedincurrentprofitorloss(exclusiveofthosethatareclosely
relatedtotheCompany'snormalbusinessoperationsandgiveninaccordancewithdefined
criteriaandincompliancewithgovernmentpolicies,andhaveacontinuingimpactonthe
Company'sprofitorloss) | 55,171,603.63 | | | Gainorlossonfair-valuechangesinfinancialassetsandliabilitiesheldbyanon-financial
enterprise,aswellasondisposaloffinancialassetsandliabilities(exclusiveoftheeffective
portionofhedgesthatariseintheCompany’sordinarycourseofbusiness) | -165,919,193.12 | | | Gainorlossonloanentrustments | 63,154,861.04 | | | Non-operatingincomeandexpenseotherthantheabove | 11,832,131.66 | | | Othergainsandlossesthatmeetthedefinitionofexceptionalgain/loss | 30,000,710.67 | | | Less:Incometaxeffects | -29,890,840.20 | | | Non-controllinginterestseffects(netoftax) | 9,471,559.59 | | | Total | 15,496,768.17 | |
Particularsaboutothergainsandlossesthatmeetthedefinitionofexceptionalgain/loss:√Applicable□Notapplicable
| Item | Amountinvolved
(RMB) | Reason | | Reversalofthe
recognised
excesslossesin
theprevious
periods | 31,971,388.49 | InMarch2024,amajority-ownedsubsidiaryoftheCompanyinDalianenteredthe
bankruptcyandliquidationprocedureaccordingtothedecisionbyacourtoflaw.An
administratorappointedbythecourthastakenovertherelevantinformationandphysical
objectsofthesubsidiary,andtheCompanynolongerexercisescontroloverthe
subsidiaryandhasthusreversedtherecognisedexcesslossesinthepreviousperiods. | | Gainonthede-
recognitionof
financialassets
measuredat
amortisedcost | -1,970,677.82 | Gainonthede-recognitionofnotesreceivable |
ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/LossItems:
√Applicable□Notapplicable
| Item | Amountinvolved
(RMB) | Reason | | Taxrebateson
software | 1,596,783.94 | GovernmentsubsidiesgivenintheCompany’sordinarycourseofbusinessatfixed
quotasoramountsaspergovernment’suniformstandards |
PartIIIManagementDiscussionandAnalysis
IPrincipalActivityoftheCompanyintheReportingPeriod
TheCompanyisprincipallyengagedinconsumerelectronics,semiconductorandmemorychip,PCB,etc.Moreinformationisprovidedbelow:
(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.AccordingtostatisticsfromAVC,theretailsalesinthedomesticcolorTVmarkettotaled13.51millionunitsinthefirsthalfof2024,down7.9%yearonyear.Inthefuture,withtheintegrationofemergingtechnologiessuchas5G,theInternetofThings,artificialintelligenceandnewdisplayswithconsumerelectronicsandtheintroductionofconsumptionpolicies,thecolorTVindustry'sstructurewillcontinuetobeupgraded.
2.Thewhitegoodsbusiness
ThewhitegoodsproducedbytheCompanymainlyincluderefrigerators,washingmachines,airconditioners,freezers,etc.,whicharesoldthroughB2BandB2Cmainlytothedomesticmarket.AndtheCompanyprofitsfromthemarginsbetweenthecostsandthesellingpricesofitswhitegoods.TheCompanystrengthenedthefoundationofourwhitegoodsbrandsthroughtheacquisitionoftheFrestecbrand.Meanwhile,theestablishmentoftheNingboA/CproductionbaseasajointventurehashelpedtheCompanybuilditsownA/Cmanufacturingcapability.Theweaknessinthefront-loadingwashingmachinetechnologyhasbeenovercomebytheacquisitionofBeko(Front-loadingWashingMachine) ChinaFactory.In addition,theCompanywent onanew pathofexploringthedishwasherworldbysettingupXi’anSmartAppliancesPark.TheCompanyalsooptimizedtheinternalR&D,production,procurement,sales,andservicesprocesses,integratedtheexternalchannelresourcestoenablechannelsharingbetweentheupstreamprocurementprocessesand downstream sales processes, and continuously improved the product sales structure andcompetitivenessofthewhitegoodsbusiness.
AccordingtostatisticsfromAVC,thedemandinthedomesticairconditionermarketwasunderpressure.Thedomesticairconditionersalesfromallchannelsinthefirsthalfof2024totaledRMB111.4billion,down14.5%yearonyear.Regardingrefrigerators,duetothetrade-inpolicy,peopleweregraduallymakingpurchasestomeettheirdemand,andthedomesticrefrigeratormarketwasstableonthewhole.Thedomesticrefrigeratorsalesfromallchannelsinthefirsthalfof2024totaledRMB65.2billion,up0.4%yearonyear.Asforwashingmachines,thedemandinthedomesticwashingmachinemarketreboundedslightly,buttheaveragepricecontinuouslyfell.Thedomesticwashingmachine(excludingdrycleaningmachine)salesfromallchannelsinthefirsthalfof2024totaledRMB42.7billion,up1.8%yearonyear. Withtherecoveryofdemandfortrade-inandtheupgradeofpeople'squalityoflife,steadydevelopmentandproductupgradewillbecomethemainfeaturesofthewhitegoodsmarket.
(II)Thesemiconductorandmemorychipbusiness
Currently,theCompanyisengagedinmemorychips,optoelectronics,etc. Inmemorychips,theCompanyprimarilyengagesinpackaging,testingandsales.Inthefieldofoptoelectronics,theCompanymainlyfocusedonthreebusinesssegments,i.e.microLEDandminiLEDchips,masstransfer, and display, and promoted the transformation of its optoelectronics business fromtechnologyR&Dtoindustrialization.Afterindustrialization,theoperatingprofitwillderivefromthedifferencebetweenproductcostandsellingprice.
Thesemiconductorindustryisastrategic,fundamentalandleadingindustrythatsupportseconomicandsocialdevelopmentandsafeguardsnationalsecurity.Amongthem,semiconductorstorageisthelargestsubdivisioninthesemiconductorindustryinrecentyears.Chinahasalsoacceleratedinboostingtheproductioncapacityofsemiconductorstorageinrecentyears.Itisexpectedthattheself-sufficiencyratewillcontinuetoincrease.
MicroLEDandMiniLEDaretheprevailingtrendanddevelopmentdirectionoffuturedisplaytechnology.Theindustrialchainisdividedintofourmainlinks:upstreamchipmanufacturingandmasstransfer,midstreampanelmanufacturing,anddownstreamcompletemachineapplication.TheMicroLEDandMiniLEDhavewideindustrialapplicationandabroadmarket.(III)ThePCBbusiness
TheCompany'sPCBbusinessmainlyinvolveddealinginmetalsubstrateproducts,thickcopperproducts,high-densitymulti-layerandHDI(HighDensityInterconnect)productsandrigid-flexPCBproducts.TheCompanyadoptedaB2Bbusinessmodel,anditsproductswereconcentratedonfourmajorelectronicfields,namelynewenergy,automotiveelectronics,communicationsanddatacenters, and new consumer electronics. The Company made profits from the product pricedifference.
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,theCompanyhas48branches,morethan300offices,andmorethan5,000after-salesserviceshopsacrossChina,andthemarketingandservicenetworkisalloverthecountry;asforonlinechannels,theCompanyhassettledinTmall,JD,Suning,VIPshop,Pinduoduoandothermainstreame-commerceplatformstodeveloplivee-commercebusiness,andseekanewgrowthpoleforbusinessdevelopment;overseaschannel,thecompanyTheCompany'sbusinesscoversLatinAmerica,Europe,AsiaPacificandothercountriesandregions,withasoundmarketingnetwork.Intermsofhumanresources,theCompanyboastsaleadershipteamofmanyyearsofmanagementandindustryexperience,aswellasahighqualityexecutionteam.
IIIAnalysisofMainBusinesses
(I)Overview
DuringtheReportingPeriod,theCompanyfollowedthenewdevelopmentstrategyof"OneAxis,TwoWheelsandThreeGrowthDrivers,"andadheredtolong-termvalue-orientedprinciplesaswellastheoperationalstrategyoffocusingonthelongtermandimprovingspecializationtobecomestronger.Italsodeepenedintegrationforspecializationandimplementedleanmanagementtopromotehigh-qualitydevelopment.DuringtheReportingPeriod,theCompanypromotedbusinessrestructuringbyoptimizingsomebusinesslineswhichdidnotproduceagoodsynergiceffectwiththemainbusinessandhadalowgrossmargin.Asaresult,theCompany'soperatingrevenuedeclinedyearonyear.Affectedbythefollowingfactors,theCompany'snetprofitattributabletoitsshareholdersforthefirsthalfof2024wasnegative:
1.Inthefirsthalfof2024,theCompanyactivelyadjusteditssalesstrategyforitsdomesticcolorTVbusinessandoptimizedtheproductstructure.Despitetheyear-over-yearincreaseintherevenueandgrossprofitandthegradualimprovementoftheoperations,theCompany'scolorTVbusinessstill suffered a deficit due to the limited room for reduction of necessary expenses and thecontinuouslyintensifyingcompetitionintheindustry.
2.Inthefirsthalfof2024,duetothechangesinthepricesofthetradingfinancialassetsheldbytheCompany,theCompany'snetlossonchangesinfairvaluewasapproximatelyRMB-175million,whichaffectedthenetprofitattributabletoitsshareholders.
3.Inthefirsthalfof2024,basedontheprincipleofprudence,theCompanysetasideprovisionsforassetimpairmentofapproximatelyRMB255millioninaccordancewithaccountingpoliciesandestimates,resultinginadecreaseinprofit.
4.Inthefirsthalfof2024,theCompany'ssemiconductorbusinesswasstillattheinitialphaseofindustrialization.Inspiteoftheheavyinvestment,efficientlarge-scaleproductionhadnotbeenachieved,whichaffectedtheCompany'soveralloperatingprofit.
5.TheCompanyfocusedontwolinesofbusiness,"consumerelectronics+semiconductor",and,withtheindustrialdevelopmentneedstakenintoaccount,strategicallyreducedtheinvestmentintensity,henceayear-on-yeardeclineinrelatedincome.
(II)Year-on-yearchangesinkeyfinancialdata:
Unit:RMB
| | H12024 | H12023 | Change
(%) | Mainreasonforchange | | Operating
revenue | 5,412,530,372.47 | 10,472,061,171.94 | -48.31% | TheCompanytooktheinitiativeto
optimisetheindustrytradingbusiness,
whichhadalowergrossprofitlevel,
resultinginadeclineinitsoperating
revenue. | | Costofsales | 5,009,969,615.02 | 10,079,343,784.11 | -50.29% | | | Sellingexpense | 495,376,454.26 | 558,536,665.53 | -11.31% | | | Administrative
expense | 315,946,020.02 | 390,244,567.77 | -19.04% | | | Financecosts | 280,912,375.66 | 199,075,624.50 | 41.11% | Year-on-yeardecreaseinexchange
gainsintheReportingPeriod | | Incometax
expense | -51,275,843.13 | -16,710,667.58 | -206.84% | Year-on-yeardecreaseinnetprofitin
theReportingPeriod | | R&Dinvestments | 214,578,026.81 | 237,033,893.11 | -9.47% | | | Netcash
generated
from/usedin
operating
activities | -439,338,365.13 | -201,550,105.24 | -117.98% | Alowerpercentageofcashpayments
forcommoditiesandservicesintotal
salesrevenueintheReportingPeriod
comparedwiththesameperiodoflast
year | | Netcash
generated
from/usedin
investing
activities | -315,227,824.59 | 433,888,761.35 | -172.65% | Decreasedcashproceedsfrom
disinvestmentintheReportingPeriod
comparedwiththesameperiodoflast
year | | Netcash
generated
from/usedin
financing
activities | -548,853,897.53 | 291,683,622.46 | -288.17% | Increasedcashrepaymentof
borrowingsintheReportingPeriod
comparedwiththesameperiodoflast
year | | Netincreasein
cashandcash
equivalents | -1,296,409,839.47 | 568,156,645.67 | -328.18% | |
MaterialchangestotheprofitstructureorsourcesoftheCompanyintheReportingPeriod:□Applicable√Notapplicable
Nosuchchanges.
(III)Breakdownofoperatingrevenue:
Unit:RMB
| | H12024 | | H12023 | | Change
(%) | | | Operatingrevenue | As%oftotal
operatingrevenue
(%) | Operatingrevenue | As%oftotal
operatingrevenue
(%) | | | Total | 5,412,530,372.47 | 100% | 10,472,061,171.94 | 100% | -48.31% | | Byoperatingdivision | | | | | | | Consumer
electronics | 4,754,524,671.36 | 87.84% | 4,773,146,814.81 | 45.58% | -0.39% | | Semiconductor
andMemorychipr | 82,962,696.19 | 1.53% | 2,036,903,764.93 | 19.45% | -95.93% | | Other | 575,043,004.92 | 10.63% | 3,662,010,592.20 | 34.97% | -84.30% | | Byproductcategory | | | | | | | Whitegoods | 2,247,070,655.48 | 41.52% | 2,285,781,923.95 | 21.83% | -1.69% | | ColorTVs | 2,115,790,827.61 | 39.09% | 1,919,054,194.60 | 18.33% | 10.25% | | PCB | 231,558,538.52 | 4.28% | 245,209,214.94 | 2.34% | -5.57% | | Semiconductor
andmemorychipr | 82,962,696.19 | 1.53% | 2,036,903,764.93 | 19.45% | -95.93% | | Other | 735,147,654.67 | 13.58% | 3,985,112,073.52 | 38.05% | -81.55% | | Byoperatingsegment | | | | | | | Domestic | 1,366,369,132.78 | 25.24% | 3,900,990,088.37 | 37.25% | -64.97% | | Overseas | 4,046,161,239.69 | 74.76% | 6,571,071,083.57 | 62.75% | -38.42% |
(IV)Operatingdivision,productcategoryoroperatingsegmentcontributingover10%ofoperatingrevenueoroperatingprofit:
√Applicable□Notapplicable
Unit:RMB
| | Operatingrevenue | Costofsales | Gross
profit
margin | YoYchange
inoperating
revenue(%) | YoYchangein
costofsales
(%) | YoYchangein
grossprofit
margin(%) | | Byoperatingdivision | | | | | | | | Consumer
electronics | 4,754,524,671.36 | 4,447,363,370.44 | 6.46% | -0.39% | -1.32% | 0.88% | | Byproductcategory | | | | | | | | Whitegoods | 2,247,070,655.48 | 2,014,585,214.49 | 10.35% | -1.69% | -0.29% | -1.26% | | ColorTVs | 2,115,790,827.61 | 2,069,113,672.93 | 2.21% | 10.25% | 6.07% | 3.86% | | Byoperatingsegment | | | | | | | | Domestic | 4,046,161,239.69 | 3,696,751,585.18 | 8.64% | -38.42% | -40.94% | 3.89% | | Overseas | 1,366,369,132.78 | 1,313,218,029.84 | 3.89% | -64.97% | -65.62% | 1.82% |
CorebusinessdataoftheprioryearrestatedaccordingtothechangedstatisticalcaliberfortheReportingPeriod:
□Applicable√Notapplicable
IVAnalysisofNon-CoreBusinesses
√Applicable□Notapplicable
Unit:RMB
| | Amount | As%oftotalprofit | Mainresource/reason | Recurrentornot | | Returnoninvestment | 5,047,444.22 | -0.38% | | Notrecurrent | | Gain/loss on changes
infairvalue | -179,800,523.76 | 13.50% | Changesinthefairvalueof
financialassetinvestments | Notrecurrent | | Assetimpairments | -255,092,300.13 | 19.15% | Impairmentsofreceivables
andinventories | Notrecurrent | | Non-operatingincome | 15,773,523.89 | -1.18% | Increasedgainsthatwerenot
directlyrelatedtothe
Company’sroutineoperations | Notrecurrent | | Non-operatingexpense | 6,155,804.84 | -0.46% | | Notrecurrent |
VAnalysisofAssetsandLiabilities（未完）
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