BESTWAY(SZ:300008)2021-08-27 16:00Industry Recovery and Strategic Focus - The company reported a significant recovery in the global shipbuilding industry, with the Baltic Dry Index (BDI) rising above 3000 points in the first half of 2021[9]. - The company has outlined a strategic plan for 2021-2025 focusing on three main business segments: "Ship Engineering," "Defense Equipment," and "New Energy" to enhance core competitiveness[8]. - The company plans to actively adjust its industrial and product structure to mitigate risks associated with market fluctuations and pursue technological innovation[12]. - The company acknowledges that its future business development and profitability will be influenced by market volatility[4]. Financial Performance - The company's operating revenue for the reporting period was ¥583,615,653.31, representing a year-on-year increase of 151.01% compared to ¥232,504,176.93 in the same period last year[48]. - The net profit attributable to shareholders of the listed company was ¥31,543,584.21, a decrease of 22.47% from ¥40,688,225.53 in the previous year[48]. - The net profit after deducting non-recurring gains and losses was ¥27,967,578.68, down 60.72% from ¥71,203,240.45 in the same period last year[48]. - The net cash flow from operating activities was -¥150,216,770.32, a significant decline of 5,162.08% compared to ¥2,967,493.16 in the previous year[48]. - The total assets at the end of the reporting period were ¥2,315,593,991.66, an increase of 13.57% from ¥2,038,996,381.88 at the end of the previous year[48]. - The net assets attributable to shareholders of the listed company were ¥1,679,056,787.50, up 1.83% from ¥1,648,832,566.34 at the end of the previous year[48]. Cost Management and Risk Mitigation - The company is enhancing its management capabilities and cost control measures to address rising raw material prices and labor costs, aiming to reduce the proportion of costs to revenue[15]. - The company faces risks related to customer defaults due to financing difficulties caused by the ongoing COVID-19 pandemic, which may lead to order breaches[14]. - The company emphasizes the importance of strengthening credit assessments of shipowners to minimize order default risks[14]. - The company will continue to analyze exchange rate trends and develop risk prevention strategies to mitigate foreign currency exposure, particularly in USD-denominated export orders[13]. Research and Development - The company is committed to increasing its research and development efforts across its three main business segments to ensure stable growth[8]. - Research and development investment rose by 113.39% to ¥32,335,790.08 from ¥15,153,495.77, reflecting the company's commitment to innovation as business activities resumed[92]. Business Expansion and Diversification - The company is expanding its business into defense equipment and new energy sectors while maintaining its core shipbuilding engineering operations[56]. - The company has established a competitive shipbuilding engineering industry chain, focusing on ship design, manufacturing, and supporting services[56]. - The company has developed a unique EPC business model that has gained rapid market recognition and is a significant source of revenue[56]. - The company’s total contracting business focuses on specialized products like military auxiliary vessels and has rapidly gained market recognition, becoming a significant source of revenue through projects like wind power installation platforms and LNG transport vessels[62]. Corporate Governance and Compliance - The company completed its restructuring at the end of 2020, optimizing its shareholder structure and improving its financial and governance structures[56]. - The company held its first extraordinary general meeting of 2021 on February 22, with a participation rate of 23.27%[119]. - The company’s board of directors and supervisory board were re-elected on February 22, 2021[123]. - The company has committed to avoiding direct or indirect competition with its subsidiaries[137]. - The company has not engaged in any non-compliance external guarantees during the reporting period[181]. Social Responsibility and Community Engagement - The company is actively engaged in fulfilling its corporate social responsibility by supporting education in remote areas[134]. - The company made a charitable donation of RMB 50,000 and teaching materials to a primary school in Guizhou during the reporting period[134]. Related Party Transactions - The company reported a total related party transaction amount of 54.97 million yuan, with 55.82% of this amount related to sales of products such as unloading machines[194]. - The company engaged in related party transactions with Jiangsu Green Energy Heavy Industry Equipment Co., Ltd., amounting to 40.83 million yuan for sales and 10.15 million yuan for procurement services[194]. - The company has maintained compliance with market pricing principles in all related party transactions[194].