Stock code: 300328 Stock abbreviation: Yian Technology Announcement Number: 2020-057
Summary of 2020 Semi-annual Report of Dongguan Yian Technology Co., Ltd.
1. Important notice
(1) The summary of this semi-annual report comes from the full text of the semi-annual report. In order to fully understand the company's operating results, financial status and future development plans, investors should go to the media designated by the China Securities Regulatory Commission to carefully read the full text of the semi-annual report.
(2) All directors have attended the board meeting for reviewing this semi-annual report.
(3) Reminder of non-standard audit opinions
?Applicable vNot applicable
(4) The plan for the profit distribution of ordinary shares or the plan for capitalization of common reserve funds during the reporting period reviewed by the board of directors
?Applicable vNot applicable
The company plans not to distribute cash dividends, not to distribute bonus shares, and not to capitalize on common reserve funds.
(5) The profit distribution plan for preferred stocks for the reporting period passed by the board of directors
?Applicable vNot applicable
2. Basic situation of the company
1. Company profile
Stock abbreviation Yian Technology Stock Code 300328
Stock Exchange Shenzhen Stock Exchange
Contact person and contact information Secretary of the Board of Directors Securities Affairs Representative
Name Zhang Chunlian Zeng Shiqi
Office Address Yinquan Industrial Zone, Qingxi Town, Dongguan City Yinquan Industrial Zone, Qingxi Town, Dongguan City
Tel 0769-87387777 0769-87387777
Email lian@e-ande.com zengsq@e-ande.com
2. Main financial accounting data and financial indicators
Does the company need to retrospectively adjust or restate the accounting data of previous years
vYes?No
Retrospective adjustment or restatement reason
Other reasons: If the reasons for the conversion of the company's capital reserve to share capital change and do not affect the amount of shareholders' equity, the basic earnings per share and diluted earnings per share shall be adjusted and reported in accordance with the latest share capital in accordance with the relevant accounting standards.
unit: yuan
This reporting period The same period of the previous year This reporting period increased or decreased from the same period of the previous year
Before adjustment After adjustment After adjustment
Operating income (yuan) 418,596,883.85 523,851,924.74 523,851,924.74 -20.09%
Net profit attributable to shareholders of listed companies (yuan) 7,639,095.32 28,342,184.39 28,342,184.39 -73.05%
Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (yuan) 6,180,522.81 19,178,708.75 19,178,708.75 -67.77%
Net cash flow from operating activities (yuan) 148,172,377.49 14,166,682.80 14,166,682.80 945.92%
Basic earnings per share (yuan/share) 0.0111 0.0616 0.0411 -72.99%
Diluted earnings per share (yuan/share) 0.0111 0.0616 0.0411 -72.99%
Weighted average return on equity 0.58% 2.28% 2.28% -1.70%
The end of the reporting period The end of the previous year The end of the reporting period increased or decreased from the end of the previous year
Before adjustment After adjustment After adjustment
Total assets (yuan) 2,059,329,175.63 2,030,649,586.97 2,030,649,586.97 1.41%
Net assets attributable to shareholders of listed companies (yuan) 1,288,557,414.21 1,315,537,447.14 1,315,537,447.14 -2.05%
3. Number of company shareholders and shareholding
Total number of shareholders at the end of the reporting period 30,874 Total number of preferred shareholders with voting rights restored at the end of the reporting period (if any) 0
Shareholding of the top 10 shareholders
Name of shareholder Nature of shareholder Percentage of shareholding Number of shares held Number of shares subject to sales restrictions Pledge or freezing
Number of shares
Zhuzhou City State-owned Assets Investment Holding Group Co., Ltd. State-owned legal person 27.97% 193,125,000 0 Pledge 96,555,000
Yian Industrial Co., Ltd. Foreign legal person 22.00% 151,875,000 0 Pledge 24,000,000
Gangan Holdings Co., Ltd. Foreign legal person 1.38% 9,525,000 0
Hong Kong Securities Clearing Company Limited Foreign legal person 0.93% 6,421,131 0
Du Yunzhi Domestic natural person 0.55% 3,800,000 0
Wei Chunmu Domestic natural person 0.48% 3,300,000 0
Zhang Chunlian Domestic natural person 0.46% 3,202,500 2,401,875
Yang Jiedan Domestic natural person 0.46% 3,202,500 2,401,875
Soup iron clothes Domestic natural person 0.46% 3,202,500 2,401,875
Li Weirong Domestic natural person 0.46% 3,202,500 2,401,875
Explanation of related relationship or concerted action of the above shareholders Except for the related relationship between Yi'an Industrial Co., Ltd. and Gangan Holdings Co., Ltd., the company does not know whether there is related relationship or concerted action among other shareholders.
Description of the top 10 common shareholders participating in margin trading and securities lending business (if any)
1. Company shareholder Wei Chunmu holds it through the customer credit transaction guarantee securities account of China Merchants Securities Co., Ltd.
1,500,000 shares, the ordinary securities account holds 1,800,000 shares, and the actual total holds 3,300,000 shares.
4. Changes in controlling shareholders or actual controllers
Changes in controlling shareholders during the reporting period
?Applicable vNot applicable
The controlling shareholder of the company remained unchanged during the reporting period.
Change of actual controller during the reporting period
?Applicable vNot applicable
The actual controller of the company remained unchanged during the reporting period.
5. The total number of preferred shareholders of the company and the shareholding status of the top 10 preferred shareholders
?Applicable vNot applicable
During the reporting period, the company had no preference shareholders holding shares.
6. Situation of corporate bonds
Whether the company has publicly issued and listed on the stock exchange, and is not due on the date of approval of the semi-annual report or has not been fully redeemed at maturity
no
3. Discussion and analysis of business conditions
1. Introduction to the operation of the reporting period
During the reporting period, the company continued to expand new energy vehicles, liquid metal, 5G and other businesses in accordance with the business plan formulated at the beginning of the year, actively promoted the domestic clinical trial process of the biodegradable magnesium internal fixation screw project, and fully promoted the European Union (CE) certification and obtained international CE certification of biodegradable magnesium internal fixation screws issued by the authoritative European Union certification body UDEM. In order to promote the company's business development, improve quality and efficiency and add momentum, the company earnestly implements various tasks such as team building, product development and technological innovation, marketing, production and quality control. The global novel coronavirus pneumonia outbreak this year has caused various industries to be affected to varying degrees. In order to minimize the impact of the epidemic, the company has adopted a series of precise and powerful measures to ensure business under the premise of strict prevention of the epidemic. At the same time, to contribute to the fight against the new coronavirus pneumonia epidemic, the company fully cooperated with the customer Shenzhen Mindray Bio-Medical Electronics Co., Ltd.'s order production needs, and supplied it with ultrasound machines, ventilators, monitors, anesthesia pumps, and biochemical machines on time and in quantity The company prioritizes the timely delivery of anti-epidemic materials from the entire process of sales, engineering, production, and storage to various instrument-related accessories. In July 2020, the company won the "Outstanding Contribution Award for Anti-epidemic" issued by Mindray Medical.
Due to the continued impact of the global novel coronavirus pneumonia epidemic, the company's upstream suppliers and downstream customers have delayed resumption of work and production, and market demand has declined significantly. The company's operating performance has declined to a certain extent compared with the same period last year. During the reporting period, the company's sales of auto parts, silicone and other products decreased, R&D investment increased, and some costs increased due to the demolition of the Ganshen high-speed rail. In the first half of 2020, the company achieved operating income of 418,596,900 yuan, a decrease compared with the same period last year. 20.09%; the net profit attributable to shareholders of listed companies was 7,639,100 yuan, a decrease of 73.05% compared with the same period last year.
The main situation is as follows:
(1) New energy vehicles
Affected by the global new crown pneumonia epidemic, market demand for the new energy automobile industry has been suppressed. According to data from the China Association of Automobile Manufacturers, in the first half of 2020, the production and sales of new energy vehicles were 397,000 and 393,000, a year-on-year decrease of 36.5% and 37.4% respectively. In order to support the high-quality development of the new energy automobile industry and promote the consumption of new energy automobiles, the Party Central Committee attaches great importance to the development of the new energy automobile industry and issued the "New Energy Automobile Industry Development Plan (2021-2035)" (draft for comments), Automobile Innovation Development Strategy", "Notice on Adjusting and Improving Subsidy Policies for New Energy Vehicles", "Decision on Revising the "Measures for the Parallel Management of Average Fuel Consumption of Passenger Car Companies and New Energy Vehicle Credits"" and other policies. With the continuous implementation of the policies of the central and local governments to promote the consumption of new energy vehicles, new energy vehicle manufacturers have gradually resumed work and production, and the cost performance and terminal demand of new energy vehicles have continued to increase.
The company has the full process technology of new material products such as aluminum alloy and magnesium alloy, and has independent mold development capabilities. The production capacity of die-casting equipment ranges from 180T to 4200T, covering all parts from large to small, and has a sophisticated CNC machining center. The surface treatment and assembly line can meet the different requirements of new energy automobile parts.
During the reporting period, the company proactively responded, using its advantages in mold R&D, innovative design, new material technology, surface treatment, production capacity, on-site management, etc., to continue to comply with market needs and customer needs, and increase new energy auto parts project technology and production capacity Affected by the global new crown pneumonia epidemic, in the first half of 2020, the company's auto parts business revenue was RMB 92,748,900, a decrease of 38.17% compared with the same period of the previous year.
As of the end of the reporting period, the company had established cooperative relationships with well-known international and domestic customers such as Tesla, CATL, BYD, Geely, TKP, HBA, TRW, GKN, JAC, LG, Faurecia, Continental, and Alpine.
(2) Liquid metal
The emergence of folding screen mobile phones is a necessity for the development of smart phones. The design and production of hinges is one of the two core technologies of folding screen mobile phones. Another core technology is the performance improvement of flexible screens and mass production. The strength, thickness, and accuracy of the steel surpass the extreme requirements of traditional processes. The current CNC, MIM and other forming processes of stainless steel and aluminum alloy can hardly meet the requirements of hinges for material performance and dimensional accuracy. As a key material for folding mobile phone hinges, liquid metal has the characteristics of high strength, good formability and high dimensional accuracy. It can meet the requirements of the thickness, strength and precision of the hinge support. At the same time, due to the excellent elastic deformation ability of liquid metal itself, The fatigue performance of the product is far better than other materials.
During the reporting period, the novel coronavirus pneumonia epidemic was spreading, but the new folding screen phones did not slow down. Two new folding screen phones including Huawei MateXs and Samsung Galaxy ZFlip were released one after another, allowing the market to focus on the development of its related industry chains again prospect. Based on the continuous expansion of the liquid metal market last year, the company continued to increase its R&D and innovation efforts, and carried out strategic cooperation with mobile phone brands to jointly research, develop and supply liquid metal hinges.
During the reporting period, in addition to supplying liquid metal hinges to customers, the company also continued to increase the market promotion of liquid metal products in the fields of new energy vehicles, consumer electronic structural parts, medical equipment, and communication base stations, and continuously launched products that meet customer needs. The company’s mass-produced liquid metal products include liquid metal hinge structural parts, medical device structural parts, car door locks, USB interfaces, mobile phone side decorations, camera decorations, Face-ID brackets and other products. Sila exclusively supplies ModelX liquid metal door lock cover 23040PCS.
In order to expand the application field of liquid metal and develop more liquid metal products, the company has carried out a series of tests on the core components of the robot harmonic reducer, the harmonic gear, the high-end fasteners of the lock washers, the golf head, and the industrial coupling diaphragm. In-depth research and development, some samples have completed the preliminary proofing.
In order to give full play to their respective advantages and expertise, promote the sustainable development of Yian Technology's liquid metal industry, and improve the ability of industrial chain integration, on March 6, 2020, the company and Sanxiang New Materials Co., Ltd. established an industrial fund Ningde Sanxiang Zirconium. Magnesium Industry Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Sanxiang Zirconium Magnesium") signed the "Amorphous Alloy (Liquid Metal) Project Cooperative Investment Agreement", and the two parties agreed to jointly invest in the amorphous alloy (liquid metal) project. The registered capital of the project is RMB 100,000,000. Sanxiang Zirconium Magnesium and Yian Technology will jointly invest 60%:40%. The implementation entity is Ningde Sanxiang Liquid Metal Technology Co., Ltd. (hereinafter referred to as "Ningde San Cheung"). On March 10, 2020, Ningde Sanxiang completed the industrial and commercial registration. In order to enhance Ningde Sanxiang’s ability to independently develop and produce amorphous alloy (liquid metal) products, and improve the market competitiveness of amorphous alloy (liquid metal) products, Yi'an Technology and Yihao Metal have combined their own and authorized use with amorphous alloys (liquid metal) products. Patent and proprietary technology related to alloy (liquid metal) are licensed to Ningde Sanxiang. Ningde Sanxiang paid 40 million yuan in technology license fees to Yi'an Technology and Yihao Metal (including 23 million yuan to Yi'an Technology and 17 million yuan to Yihao Metal), and the technology license fee was paid in two installments. As of the end of the reporting period, Yi'an Technology and Yihao Metal received the first phase of technology license fees respectively. In order to increase the production capacity of Ningde Sanxiang’s liquid metal equipment, on April 8, 2020, the company and Ningde Sanxiang jointly signed the "Equipment Sales Contract". Ningde Sanxiang agreed to purchase 10 units of liquid metal of two types and specifications from Yian Technology The total amount of machinery and equipment is RMB 30.8 million.
With the continuous improvement of the acceptance of liquid metal in related industries, more and more companies use liquid metal materials to design and manufacture high-performance, high-precision complex structural parts, and the demand for liquid metal continues to increase. In order to meet customer needs, the company accelerated its market layout, continued to increase investment in liquid metal machinery and equipment, increased production capacity, and continued growth in liquid metal product revenue. During the reporting period, the company's liquid metal product sales revenue was RMB 70,978,800, an increase of 71.25% compared to the same period last year, mainly due to the increase in liquid metal hinge income. As of the end of the reporting period, the company's cooperation with well-known domestic and foreign customers such as Tesla, Xiaomi, Huawei, OPPO, Lens Technology, ABB, and Sony has further strengthened.
(3) Biodegradable medical magnesium alloy
During the reporting period, the company steadily promoted the domestic clinical trials of medical magnesium bone nails. The company has successively signed clinical trial agreements with 7 clinical trial institutions, and successively arranged start-up work. According to the company's clinical program, the company plans to have 184 clinical cases (92 trial group, 92 control group). Affected by the global new crown pneumonia epidemic, the company's domestic clinical trial process of degradable magnesium bone internal fixation screws has been affected to a certain extent. Up to now, various clinical hospitals are actively promoting the admission of clinical cases.
In May 2020, the company's biodegradable magnesium internal fixation screw project once again ushered in major progress. The company received the CE certification of the biodegradable magnesium internal fixation screw issued by the internationally authoritative European Union certification body UDEM. On a global scale, the company obtained the first approval certificate for this indication product. The company's degradable magnesium internal fixation screw has obtained the CE certification certificate, which shows that the product meets the relevant requirements of the European Union, has the EU market access conditions, and can be sold in the European Union and related overseas markets, which will have a positive impact on the company's development. In order to better carry out the market promotion and sales of biodegradable magnesium internal fixation screws, the company is actively building a promotion and sales platform with EU agencies, and plans to establish cooperative relations with distributors and medical institutions through various forms such as sales agents. Fully prepare for rapid sales.
(4) Consumer Electronics
With the sustained and healthy development of my country's national economy, residents' spending power continues to increase, and the demand for consumer electronic products such as tablet computers, notebook computers, and smart wearable devices continues to increase. Consumers’ pursuit of products has shifted from simple functions to high-tech, functional diversity, portability, and fashion. 5G commercial use and the aggregation effect formed by 5G and big data, artificial intelligence, Internet of Things, cloud computing, etc., have promoted the Internet of Everything into the era of intelligent connection of all things. Terminal manufacturers such as Samsung and Huawei have actively promoted the maturity of folding screen mobile phones with folding, curling, Dynamic flexible displays with properties such as stretching will also be popularized. Magnesium-aluminum alloys and liquid metals have excellent properties such as high strength, shock resistance, and corrosion resistance, which can meet the functional requirements of professional consumer electronic products and become the preferred materials for manufacturers of consumer electronic products. With the rapid development of the consumer electronics industry, the application rate of new materials such as magnesium-aluminum alloy and liquid metal in consumer electronics products has rapidly increased.
During the reporting period, the company continued to develop the consumer electronics market represented by notebook computer products through various measures including industry-university-research cooperation, increasing investment in new product research and development, deepening market channels, strengthening management and refined operations, and continuing to deepen The company's magnesium aluminum alloy and liquid metal are applied to wearable devices, sports cameras, drones, VR and other fields. As of the end of the reporting period, the company has established good cooperative relationships with well-known customers such as Huawei, Lenovo, Samsung, Wistron, Pegatron, Lianbao, Kyocera, Gopro, Jabil, and HP.
(5) 5G precision communication base station components
This year is the second year of domestic 5G construction. Affected by the global new crown pneumonia epidemic, 5G construction has been delayed. With the gradual improvement of the domestic epidemic prevention and control situation, the acceleration of the pace of resumption of production and production of domestic manufacturers and the launch of new national infrastructure policies, 5G network construction has become a booster for domestic economic construction, breakthroughs in key technologies have accelerated, and industrial chain needs have been effective Increased growth.
During the reporting period, the company continued to deploy 5G technology and market on the original basis. The company has independent technical reserves in 5G. The 5G base station products produced, including filters, heat sinks, etc., have entered the mass production stage. As of the end of the reporting period, the company has further consolidated its cooperative relationships with well-known customers such as ZTE, Guoren, Samsung, Ericsson, and Nokia.
(6) LED structural parts
The sudden new crown pneumonia epidemic in early 2020 has brought a huge impact to the global market. The LED display market is facing severe tests, fierce industry competition and further integration has intensified. As the epidemic is gradually controlled, economic activities "restart", LED The industry is also slowly "recovering".
During the reporting period, the company actively responded to the changes and developments in the application of LED display structural parts during the epidemic, continued to do a good job in technical research and development, quality control and market innovation of LED display structural products, and further consolidated its cooperation with the well-known manufacturer Absen in the industry. , Leyard, Redio, Qiangli Jucai, CVTE and other customers.
(7) Robots and intelligent manufacturing
Affected by the global new crown pneumonia epidemic, on the one hand, workers in traditional manufacturing enterprises cannot resume work as scheduled, production and operation have been greatly affected, and productivity has been greatly reduced; on the other hand, the new crown pneumonia epidemic has largely caused the manufacturing industry to become less human and non-human. Humanized and intelligent transformation and upgrading provide inspiration and prospects. Most manufacturing companies have realized that how to deal with labor shortages and improve production efficiency, manufacturing automation and intelligence have undoubtedly become the development direction of China's manufacturing, and the demand for industrial robots and industrial intelligence has been accelerated.
During the reporting period, the company seized the favorable opportunity that the new crown pneumonia epidemic has brought about a substantial increase in the demand for robots and intelligent manufacturing, continued to strengthen cooperation in production, education, research and application, and further deepened the cooperative relationship with well-known companies such as ABB, and jointly developed and applied industries. robot.
(8) The situation of fundraising projects
During the reporting period, the company continued to promote the construction of non-public equity investment projects.
1. All production supporting procedures of the first phase project of Yi'an Yunhai Light Alloy Precision Die Casting Production Base have been completed and put into production. Yian Yunhai overcomes the adverse effects of the new crown pneumonia epidemic, and provides professional and fast one-stop services for customers from all aspects of the industrial chain planning and implementation. Up to now, Yian Yunhai has cooperated with Geely, LG, Ningde Times and other customers in the new The housing of the three-electric project (motor, electric control, battery) on energy vehicles has been cooperated. In the second phase of the project, some of the factory buildings have been topped off, and internal decoration and other work are underway.
2. The company is responsible for the implementation of the industrial expansion project of amorphous alloy (liquid metal) precision structural parts and the construction of the amorphous alloy (liquid metal) R&D center. The construction site of the above-mentioned projects is located in Yinquan Industrial Zone, Qingxi Town, Dongguan City. There is a factory area. As the new Ganzhou-Shenzhen railway passenger dedicated line construction project passes through some of the company’s factory areas, the Qingxi Town People’s Government in Dongguan City has to expropriate part of the company’s land and above-ground buildings to avoid the company’s industrialized expansion of amorphous alloy (liquid metal) precision structural parts Project and construction project of amorphous alloy (liquid metal) R&D center
Just after the implementation or for a period of time, the company is facing the risk of being demolished. The company decided to postpone the industrial expansion project of amorphous alloy (liquid metal) precision structural parts from June 1, 2020 to May 31, 2021. The construction project of the alloy (liquid metal) R&D center is postponed from December 1, 2020 to November 30, 2021.
3. The company's liquid metal business continues to expand, and the existing production sites cannot meet development needs. As the new Ganzhou-Shenzhen railway passenger dedicated line construction project passes through part of the company's factory area, the Qingxi Town People's Government of Dongguan City has to expropriate part of the company's land and above-ground buildings, which further makes the existing production site unable to meet the precision structure of amorphous alloy (liquid metal) Demand for industrialized production expansion projects. In order to give full play to the maximum benefits, the company intends to change the implementation of some amorphous alloy (liquid metal) precision structural parts industrialization expansion projects, that is, the company implements amorphous alloys (liquid metal) in the existing plant in Yinquan Industrial Zone, Qingxi Town, Dongguan City At the same time as the industrial expansion project of alloy (liquid metal) precision structural parts, part of the equipment for the industrial expansion project of amorphous alloy (liquid metal) precision structural parts was leased to its holding subsidiary Yihao Metal, and Yihao Metal was on its premises. Use the leased equipment for the above-mentioned fund-raising projects to implement the industrial expansion project of amorphous alloy (liquid metal) precision structural parts.
As of the end of the reporting period, the above-mentioned fund-raising projects had invested a total of RMB 286,489,400 in raised funds (including RMB 168,502,200 in the Yi'an Yunhai light alloy precision die casting production base project, and RMB 11,791.28 in the industrial expansion project of amorphous alloy (liquid metal) precision structural parts. RMB 74,400 was invested in the construction of the amorphous alloy (liquid metal) R&D center).
(9) Research and innovation
1. R&D investment
Based on independent innovation, the company continues to strengthen R&D investment. During the reporting period, the company's total investment in research and development was 37.4027 million yuan, an increase of 31.33% over the same period last year.
2. Intellectual Property
The company continued to strengthen its R&D and innovation efforts. During the reporting period, the company and its subsidiaries obtained 24 authorized patents and 1 registered trademark. As of the end of the reporting period, it had accumulated 166 authorized patents and 40 registered trademarks, further highlighting its technological innovation advantage .
2. Matters related to financial reports
(1) Explanation of changes in accounting policies, accounting estimates and accounting methods compared with the financial report of the previous accounting period
vApplicable ?Not applicable
Contents and reasons for changes in accounting policies Approval procedures Remarks
On July 5, 2017, the Ministry of Finance issued the "Notice on Revision and Issuance" (Cai Kuai [2017] No. 22) (hereinafter referred to as the "New Income Standards"), and required companies that are listed at the same time both domestically and abroad as well as those listed overseas. Companies that adopt the International Financial Reporting Standards or Accounting Standards for Business Enterprises to prepare financial statements will be implemented from January 1, 2018; other domestic listed companies will be implemented from January 1, 2020; non-listed companies that implement the Accounting Standards for Business Enterprises will be implemented from 2021 It will be implemented on January 1, According to the requirements of the above documents, the company made corresponding changes to its accounting policies. The 4th meeting of the 4th Board of Directors and the 4th meeting of the 4th Board of Supervisors were held on April 24, 2020, and the "Proposal on Changes in Accounting Policies" was reviewed and approved, and independent directors issued independent opinions agreeing to the proposal.
(2) An explanation of the situation of retrospective restatement in the correction of major accounting errors during the reporting period
?Applicable vNot applicable
During the reporting period, the company had no major accounting error corrections requiring retrospective restatement.
(3) Compared with the financial report of the previous accounting period, the scope of the consolidated statement has changed.
?Applicable vNot applicable
There was no change in the scope of consolidated statements during the reporting period.
