ZBOM(SH:603801)2021-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2021 reached ¥1,908,237,034.90, representing a 55.84% increase compared to ¥1,224,448,567.06 in the same period last year [23] - Net profit attributable to shareholders was ¥151,764,251.85, a significant increase of 199.42% from ¥50,686,845.45 in the previous year [23] - The net profit after deducting non-recurring gains and losses was ¥145,742,996.10, up 236.74% from ¥43,280,516.60 year-on-year [23] - The basic earnings per share for the reporting period was ¥0.4639, an increase of 191.58% compared to ¥0.1591 in the same period last year [23] - The total operating revenue for the first half of 2021 reached RMB 1,908,237,034.90, a significant increase from RMB 1,224,448,567.06 in the same period of 2020, representing a growth of approximately 55.8% [170] - The total profit for the first half of 2021 was CNY 173,018,797.89, compared to CNY 57,914,682.23 in the previous year, marking an increase of about 198.5% [174] - The company's total comprehensive income for the first half of 2021 was CNY 149,486,482.65, significantly higher than CNY 51,006,311.94 in the previous year, indicating an increase of about 193.5% [176] Assets and Liabilities - The total assets of the company increased by 9.99% to ¥4,540,755,267.92 from ¥4,128,241,987.06 at the end of the previous year [23] - The company's cash and cash equivalents at the end of the period amounted to ¥886,474,644.07, representing 19.52% of total assets, an increase of 7.49% compared to the previous year [96] - The company's inventory increased by 40.74% to ¥462,612,018.76, accounting for 10.19% of total assets, primarily due to increased sales and stockpiling of finished goods [96] - The company's total liabilities amounted to ¥4,000,000,000, with a significant portion attributed to short-term borrowings and contract liabilities [98] - The company's total assets reached ¥4,537,000,000, with overseas assets amounting to ¥96,493,936.67, representing 2.13% of total assets [99] - Total liabilities as of June 30, 2021, were RMB 2,256,888,330.76, compared to RMB 1,745,302,045.99 at the end of 2020, indicating a growth of about 29.3% [170] Cash Flow - The net cash flow from operating activities was ¥165,868,392.78, a decrease of 8.40% compared to ¥181,086,045.90 in the same period last year [23] - Cash inflow from operating activities reached CNY 2,417,925,197.60, a significant increase from CNY 1,418,271,698.17 in the same period last year, representing a growth of approximately 70.6% [186] - The net cash flow from investment activities was negative at CNY -339,431,040.92, worsening from CNY -49,442,847.37 in the previous year [189] - The total cash and cash equivalents at the end of the period amounted to CNY 446,623,160.31, down from CNY 593,582,656.34 at the end of the previous year [192] Business Strategy and Market Position - The company has established three major brands: "ZBOM," "IK," and "FLY," targeting different consumer segments in the home furnishing market [31] - The company has expanded its business globally, with operations in over ten countries and regions, including investments in Australia and the United States [31] - The company focuses on a supply chain strategy that ensures quality and timely delivery of raw materials from established suppliers [36] - The company has maintained a leading position in the kitchen cabinet market, ranking second nationally in sales [50] - The company has been actively developing its young brand, IK, focusing on whole-house customization and wooden door segments since 2018 [50] - The company is focusing on brand marketing strategies to enhance brand awareness and competitiveness among younger consumers [109] Research and Development - The company's R&D expenses amounted to 139 million, accounting for 7.26% of revenue, focusing on enhancing customer experience and product development [73] - The company has established long-term cooperation with universities and research institutions, enhancing its research and development capabilities [53] - Research and development expenses rose to CNY 138,629,589.21 in the first half of 2021, up from CNY 80,248,671.21 in the same period last year, reflecting a growth of approximately 72.6% [174] Sales and Marketing - The sales model includes both direct-to-consumer and B2B strategies, leveraging partnerships with real estate developers and home improvement companies [39] - The company has established a digital marketing system, collaborating with major mobile media platforms to enhance customer engagement and build a private traffic pool [58] - The company emphasized multi-channel development, leveraging online retail and live streaming to enhance customer acquisition and service conversion [76] Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report [6] - The company is committed to complying with environmental protection laws and maintaining normal operation of its pollution control facilities [118] - The company has not disclosed any significant environmental issues or penalties during the reporting period [118] Shareholder Information - The total number of shareholders reached 14,126 by the end of the reporting period [148] - The top shareholder, Sun Zhiyong, holds 65,045,177 shares, representing 20.82% of the total shares [148] - The company distributed a cash dividend of 8.0 RMB per 10 shares and increased capital stock by 4 shares for every 10 shares held, effective from the profit distribution date in 2020 [144]