东方精工：2022年半年度报告（英文版）.PDF

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1、 Guangdong Dongfang Precision Science & Technology Co., Ltd. Semi-Annual Report 2022 Date of Disclosure: 27 July 2022 Guangdong Dongfang Precision Science & Technology Co., Ltd. Semi-Annual Report 2022 2 / 206 Part I Important Notes, Table of Contents and Definitions The Board of Directors (or the “

2、Board”), the Supervisory Committee as well as the directors, supervisors and senior management of Guangdong Dongfang Precision Science & Technology Co., Ltd. (hereinafter referred to as the “Company”) hereby guarantee that the contents of this Report are true, accurate and complete and free of any m

3、isrepresentations, misleading statements, or material omissions, and collectively and individually accept legal responsibility for such contents. Tang Zhuolin, the Companys legal representative, Shao Yongfeng, the Companys Chief Financial Officer, and Yao Bin, the Head of the Companys Accounting Dep

4、artment (equivalent to Financial Manager) hereby guarantee that the financial statements carried in this Report are truthful, accurate and complete. All directors of the Company attended in person the board meeting for the approval of this Report. For possible risks with respect to the Company, plea

5、se refer to “X Risks Faced by the Company and Countermeasures” of “Part III Management Discussion and Analysis” herein. And investors are kindly advised to read through the aforesaid contents. The Company has no semi-annual dividend plan, either in the form of cash or stock. This Report has been pre

6、pared in Chinese and translated into English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail. Guangdong Dongfang Precision Science & Technology Co., Ltd. Semi-Annual Report 2022 3 / 206 Table of Contents Part I Important Notes, Tabl

7、e of Contents and Definitions . 2 Part II Corporate Information and Key Financial Information . 7 Part III Management Discussion and Analysis . 11 Part IV Corporate Governance . 64 Part V Environmental and Social Responsibilities . 68 Part VI Significant Events . 70 Part VII Share Changes and Shareh

8、older Information . 77 Part VIII Preference Shares . 85 Part IX Corporate Bonds . 86 Part X Financial Report . 87 Guangdong Dongfang Precision Science & Technology Co., Ltd. Semi-Annual Report 2022 4 / 206 Documents Available for Reference 1. The financial statements signed and sealed by the Company

9、s legal representative, Chief Financial Officer, and the person-in-charge of the financial organ. 2. All the originals of the Companys announcements and documents that were disclosed to the public during the Reporting Period on the media designated by the CSRC for information disclosure. 3. The 2022

10、 Semi-Annual Report carrying the signature of the legal representative. 4. The documents above are lodged in the Securities Department of the Company, 25/F, Hisense Southern Building, 1777 Chuangye Road, Nanshan District, Shenzhen City, Guangdong Province, China. Guangdong Dongfang Precision Science

11、 & Technology Co., Ltd. Semi-Annual Report 2022 5 / 206 Definitions Term Definition Dongfang Precision, or the “Company” Guangdong Dongfang Precision Science & Technology Co., Ltd., and its consolidated subsidiaries, except where the context otherwise requires Dongfang Precision (China) The corrugat

12、ed box packaging machinery division of Guangdong Dongfang Precision Science & Technology Co., Ltd. Fosber Group Fosber S.p.A. Fosber Asia Guangdong Fosber Intelligent Equipment Co., Ltd. Fosber America Fosber America, Inc. Fosber Tianjin Fosber Machinery (Tianjin) Co., Ltd. Tirua Group/Spain Tirua T

13、irua Group Industrial, S.L. Tirua America Tirua America Inc. Qcorr QuantumCorrugated S.r.l. Dongfang Precision (Europe)/EDF EDF Europe S.r.l. Dongfang Precision (Netherland) Dong Fang Precision (Netherland) Cooperatief U.A. Dongfang Precision (HK) Dong Fang Precision (HK) Limited Shenzhen Wonder She

14、nzhen Wonder Printing System Co., Ltd. Parsun Power Suzhou Parsun Power Machine Co., Ltd. Suzhou Jinquan Suzhou High-Tech Zone Jinquan Business Management Partnership (Limited Partnership) Shunyi Investment Suzhou Shunyi Investment Co., Ltd. Yinglian Digital Foshan Yinglian Digital Printing Equipmen

15、t Co., Ltd. Jaten Robot Guangdong Jaten Robot & Automation Co., Ltd. Yineng Investment Hainan Yineng Investment Co., Ltd. Dongfang Digicom Dongfang Digicom Technology Co., Ltd. Dongfang Digicom (Guangdong) Dongfang Digicom Technology (Guangdong) Co., Ltd. Corrugated board Corrugated board is a multi

16、-layer paper-bonding object composed of at least one sandwich layer of wavy medium (commonly known as corrugated paper, corrugated medium paper, corrugated paper medium and corrugated base paper) and one layer of cardboard (also known as liner board). Corrugated box Corrugated box is a rigid paper c

17、ontainer made of corrugated boards through die cutting, indenting, nailing, or gluing. Corrugated box is one of the most widely used packaging containers in modern business and trade. Guangdong Dongfang Precision Science & Technology Co., Ltd. Semi-Annual Report 2022 6 / 206 Corrugated box printing

18、and packaging machinery Corrugated box printing and packaging machinery include corrugated box printing and packaging line and stand-alone products that integrates pre-feeding, printing, grooving, die cutting, forming and packaging functions in whole or in part, which is highly functionally integrat

19、ed, highly automated and highly technical, can save the capital and manpower investment, reduce workers workload and improve the production efficiency of box manufacturers, and requires equipment manufacturers to be highly competent in design, technological innovation, assembly and finishing of part

20、s. Corrugator lines Corrugator lines are assembly lines comprising corrugating, gluing, agglutinating, bundle breaking, dimension board cutting and output processes, which are used to produce and process corrugated boards. A corrugator line has two independent process sections as the wet section and

21、 the dry section. The wet section, composed of the base paper stand, auto splicer, preheat pre-regulator, single-face corrugator, feeding bridge, glue machine and double facer, is used to make corrugated based paper into three-layer, five-layer, and seven-layer corrugated boards of different corruga

22、ted combinations. The dry section, composed of the rotary shear, slitter indenter, cut-off knife and stacker, is used to slit, indent, cut off and stack corrugated boards as ordered. Corrugator lines are key production equipment for corrugated board and box manufacturers. Pre-printing and post-print

23、ing intelligent automatic packaging machinery Pre-printing and post-printing intelligent automatic packaging machinery refers to equipment that is compatible with the corrugated box printing line or stand-alone products and can provide functions related to pre-printing and post-printing processes of

24、 corrugated box printing and packaging. It includes the pre-feeder, stripper conveyor, intelligent stacker, and folder gluer. Outboard motors Outboard motors are a kind of detachable power units that are mounted on the stern plate of a boat to drive the boat to sail. General utility small gasoline m

25、otors General utility small gasoline motors are a kind of thermo-dynamic machinery of 20kW power or less with a wide range of applicability. It is characterized by small size, light weight, and easy operation, and is usually used as a power engine for a variety of terminal products. By the structure

26、 of engine and principle of work, general utility small gasoline motors can be divided into two-stroke general utility small gasoline motors and four-stroke general utility small gasoline motors. CSRC China Securities Regulatory Commission SZSE, or the “Stock Exchange” Shenzhen Stock Exchange RMB yu

27、an, RMB0,000 Expressed in the Chinese currency of Renminbi, expressed in tens of thousands of Renminbi The “Reporting Period” or “Current Period” The period from 1 January 2022 to 30 June 2022 Guangdong Dongfang Precision Science & Technology Co., Ltd. Semi-Annual Report 2022 7 / 206 Part II Corpora

28、te Information and Key Financial Information I Corporate Information Stock name Dongfang Precision Stock code 002611 Stock exchange Shenzhen Stock Exchange Company name in Chinese 广东东方精工科技股份有限公司 Abbr. 东方精工 Company name in English (if any) Guangdong Dongfang Precision Science & Technology Co., Ltd Ab

29、br. (if any) Dongfang Precision Legal representative Tang Zhuolin II Contact Information Board Secretary Securities Representative Name Feng Jia Zhu Hongyu Office address 25/F, Hisense Southern Building, 1777 Chuangye Road, Nanshan District, Shenzhen City, Guangdong Province, China 25/F, Hisense Sou

30、thern Building, 1777 Chuangye Road, Nanshan District, Shenzhen City, Guangdong Province, China Tel. 0755-36889712 0755-36889712 Fax 0755-36889822 0755-36889822 Email address III Other Information 1. Contact information of the company Whether the companys registered address, company office address an

31、d its postal code, company website and e-mail address have changed during the reporting period. Applicable Not applicable The companys registered address, company office address and its postal code, the companys website and e-mail address remain unchanged during the reporting period, which can be fo

32、und in the 2021 Annual report. Guangdong Dongfang Precision Science & Technology Co., Ltd. Semi-Annual Report 2022 8 / 206 2. Information disclosure and location. Whether the information disclosure and location have changed during the reporting period. Applicable Not applicable The name of the infor

33、mation disclosure newspaper selected by the company, the URL of the website designated by the CSRC that publishes the semi-annual report, and the location where the semi-annual report lodges remain unchanged during the reporting period, which can be found in the 2021 Annual report. 3. Other relevant

34、 information Whether other relevant information has changed in the reporting period Applicable Not applicable IV Key Financial Information Indicate whether there is any retrospectively restated datum in the table below. Yes No 2022H1 2021H1 change (%) Operating revenue (RMB yuan) 1,535,615,634.26 1,

35、400,558,964.18 9.64% Net profit attributable to the listed companys shareholders (RMB yuan) 148,199,917.83 191,117,520.46 -22.46% Net profit attributable to the listed companys shareholders before exceptional gains and losses (RMB yuan) 119,896,025.29 156,022,832.56 -23.15% Net cash generated from/u

36、sed in operating activities (RMB yuan) 152,250,706.73 206,023,828.25 -26.10% Basic earnings per share (RMB yuan /share) 0.12 0.14 -14.29% Diluted earnings per share (RMB yuan /share) 0.12 0.14 -14.29% Weighted average return on equity (%) 4.08% 4.72% -0.64% 30 June 2022 30 June 2021 Change (%) Total

37、 assets (RMB yuan) 6,498,246,817.74 6,357,168,835.19 2.22% Equity attributable to the listed companys shareholders (RMB yuan) 3,643,188,598.43 3,681,970,298.39 -1.05% Guangdong Dongfang Precision Science & Technology Co., Ltd. Semi-Annual Report 2022 9 / 206 V Accounting Data Differences under China

38、s Accounting Standards for Business Enterprises (CAS) and International Financial Reporting Standards (IFRS) and Foreign Accounting Standards 1. Net Profit and Equity under CAS and IFRS Applicable Not applicable No difference for the Reporting Period. 2. Net Profit and Equity under CAS and Foreign A

39、ccounting Standards Applicable Not applicable No difference for the Reporting Period. VI Exceptional Gains and Losses Applicable Not applicable Unit: RMB yuan Item 2022H1 Note Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs) -367,582.31 Government grants

40、through profit or loss (exclusive of government grants given in the Companys ordinary course of business at fixed quotas or amounts as per the governments uniform standards) 6,032,264.36 Gain or loss on fair-value changes on held-for-trading and derivative financial assets and liabilities & income f

41、rom disposal of held-for-trading and derivative financial assets and liabilities and other debt investments (exclusive of the effective portion of hedges that arise in the Companys ordinary course of business) 23,425,024.84 Non-operating income and expenses other than the above 453,244.06 Less: Inco

42、me tax effects 997,616.29 Non-controlling interests effects (net of tax) 241,442.12 Total 28,303,892.54 - Details of other profit and loss items that meet the definition of non-recurring profit or loss. Applicable Not applicable No such cases in the Reporting Period. Guangdong Dongfang Precision Sci

43、ence & Technology Co., Ltd. Semi-Annual Report 2022 10 / 206 Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or listed in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the PublicExceptional Gain/

44、Loss Items: Applicable Not applicable No such cases in the Reporting Period. Guangdong Dongfang Precision Science & Technology Co., Ltd. Semi-Annual Report 2022 11 / 206 Part III Management Discussion and Analysis I Principal Business of the Company in the Reporting Period (I) Overview During the re

45、porting period, the Company engaged in no change in its principal business as compared to 2021. The major business components are listed below. Table 1: Principal Businesses of Dongfang Precision Principal business/product Main functions and application fields Intelligent corrugated packaging machin

46、ery Corrugator lines. It is used for the production of corrugated boards of different specifications, and is the core and key machinery for corrugated packaging production. They are widely used in large- and medium-sized enterprises (primary and secondary plants) producing corrugated boards in the i

47、ndustrial chain. A corrugator line is composed of two process sections, namely wet-end equipment, and dry-end equipment, independent of each other. The former makes corrugated base paper into three-layer, five-layer and seven-layer corrugated boards, and the latter longitudinally cuts, presses, tran

48、sversely cuts and stacks corrugated boards as required by orders. Corrugated box printing and packaging machinery. It is used to produce and process corrugated boards into corrugated boxes of different specifications as required by customers, and it includes such processes as corrugated paper feedin

49、g, printing, slotting, die cutting and box stitching. Corrugated box printing and packaging machinery is composed of the corrugated box printing line, the corrugated box printing machine and the supporting pre-printing and post-printing machines for the printing unit including the paper feeding unit

50、, slotting and die cutting unit, waste discharging unit, box pasting and stitching unit and the counting and stacking unit. The printing and packaging machinery is the core of corrugated box production, and is widely used by all kinds of enterprises (primary plants, secondary plants and tertiary pla