Marubi(SH:603983)2021-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥873.80 million, representing a year-on-year increase of 10.09% compared to ¥793.72 million in the same period last year[22]. - The net profit attributable to shareholders of the listed company decreased by 29.46% to approximately ¥189.15 million, down from ¥268.13 million in the previous year[22]. - The net cash flow from operating activities was negative at approximately -¥42.51 million, a significant decline of 163.92% compared to ¥66.51 million in the same period last year[22]. - The total operating revenue for the first half of 2021 reached ¥873,796,373.37, an increase of 10.1% compared to ¥793,720,205.46 in the same period of 2020[156]. - The total operating costs for the first half of 2021 were ¥681,863,029.54, up 28.7% from ¥529,416,360.94 in the first half of 2020[156]. - The net profit attributable to shareholders for the first half of 2021 was ¥189,148,622.05, a decrease of 29.4% from ¥268,128,717.67 in the same period of 2020[159]. Assets and Liabilities - The total assets of the company at the end of the reporting period were approximately ¥3.87 billion, an increase of 1.87% from ¥3.80 billion at the end of the previous year[22]. - Cash and cash equivalents at the end of the period amounted to ¥1,637,153,149.15, representing 42.35% of total assets, a decrease of 1.96% compared to the previous year[45]. - Inventory increased by 29.57% to ¥179,197,148.53, accounting for 4.64% of total assets, primarily due to increased stock to meet e-commerce sales growth[45]. - Accounts receivable surged by 492.16% to ¥30,936,296.60, representing 0.8% of total assets, attributed to delayed cash collection and relaxed credit policies[45]. - The total liabilities amounted to ¥434,615,785.84, an increase from ¥347,260,539.21, indicating a rise of 25.2%[156]. Shareholder Equity - The net assets attributable to shareholders of the listed company increased by 1.63% to approximately ¥3.03 billion, compared to ¥2.98 billion at the end of the previous year[22]. - Shareholders' equity totaled CNY 3,068,543,961.06, up from CNY 3,000,642,740.09, reflecting an increase of approximately 2.3%[149]. - The total owner's equity at the end of the period is 2,781,919,583.28 CNY, with a capital reserve of 754,245,054.60 CNY and undistributed profits of 1,430,810,609.51 CNY[195]. Expenses - Sales expenses increased by 30.96% to 315 million RMB, primarily due to higher promotional costs and employee compensation[32]. - Management expenses rose by 40.17% to 42.24 million RMB, attributed to business development and increased office costs[32]. - Research and development expenses were 24.61 million RMB, reflecting a year-on-year growth of 3.53%[32]. Market and Product Development - The main brand MARUBI generated a revenue of 832 million RMB, with a year-on-year increase of 11.27%, accounting for 95.48% of total revenue[32]. - The company launched over 80 new SKUs in the first half of the year, with new product revenue accounting for 23% of total revenue[36]. - The company formed strategic partnerships with international raw material suppliers to enhance research in skin microecology and green skincare[35]. Stock and Shareholder Management - The controlling shareholders committed to not transferring or entrusting their shares for 36 months post-IPO, with a potential 6-month extension if stock prices fall below the IPO price for 20 consecutive trading days[74]. - The company plans to implement measures to stabilize stock prices, including profit distribution, stock buybacks, and potential increases in shareholdings by controlling shareholders[80]. - The company will announce the stock repurchase plan within 10 trading days after triggering the stabilization measures, detailing the number of shares, price range, and funding sources[83]. Compliance and Governance - The company committed to ensuring that the prospectus for its initial public offering (IPO) does not contain false statements, misleading representations, or significant omissions, and will bear legal responsibility for its accuracy and completeness[92]. - The company will enhance internal management and compliance training to prevent future violations[111]. - The integrity status of the company and its controlling shareholders remained good throughout the reporting period[114].