S佳通(600182) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was approximately CNY 1.58 billion, representing a 40.14% increase compared to CNY 1.12 billion in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2021 was CNY 18.78 million, a decrease of 19.55% from CNY 23.35 million in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 15.84 million, down 23.55% from CNY 20.72 million in the same period last year[22]. - The net cash flow from operating activities increased by 104.19% to CNY 136.89 million, compared to CNY 67.04 million in the previous year[22]. - The total assets at the end of the reporting period were approximately CNY 3.36 billion, reflecting a 13.69% increase from CNY 2.95 billion at the end of the previous year[22]. - The weighted average return on net assets for the first half of 2021 was 1.85%, a decrease of 0.52 percentage points from 2.37% in the same period last year[22]. - The basic earnings per share for the first half of 2021 were CNY 0.0552, down 19.65% from CNY 0.0687 in the previous year[22]. - The gross profit for the period was RMB 238 million, reflecting a 12.01% increase year-on-year[29]. - The net profit attributable to shareholders was RMB 19 million, a decrease of 19.55% compared to the previous year[29]. - The total profit for the first half of 2021 was CNY 51,873,615.58, a decrease of 19.0% from CNY 64,166,080.84 in the same period of 2020[100]. Revenue and Costs - Operating costs rose to RMB 1.34 billion, an increase of 46.72% compared to the same period last year[31]. - Total operating revenue for the first half of 2021 reached CNY 1,575,222,323.60, a significant increase of 40.1% compared to CNY 1,124,010,180.88 in the first half of 2020[97]. - Total operating costs for the first half of 2021 were CNY 1,529,872,798.93, up 44.9% from CNY 1,054,695,104.97 in the same period last year[97]. Assets and Liabilities - The company's net assets attributable to shareholders at the end of the reporting period were approximately CNY 1.01 billion, showing a slight increase of 0.01% from CNY 1.01 billion at the end of the previous year[22]. - Cash and cash equivalents increased to ¥393,929,805.02, representing 11.74% of total assets, up from 11.33% last year, a growth of 17.80%[34]. - Accounts receivable rose to ¥1,080,165,897.16, accounting for 32.19% of total assets, compared to 29.82% last year, an increase of 22.71%[34]. - Inventory increased by 34.85% to ¥565,202,497.66, now representing 16.84% of total assets, attributed to higher finished goods and raw materials[34]. - Total current liabilities reached RMB 999,356,497.93, up from RMB 665,966,029.27, representing a growth of around 50%[90]. - The total liabilities of the company were RMB 1,637,561,523.92, which is an increase from RMB 1,255,694,821.53, reflecting a growth of about 30.4%[90]. Research and Development - Research and development expenses increased by 72.20% to RMB 11.62 million, indicating a focus on product development[31]. - Research and development expenses for the first half of 2021 were CNY 11,619,931.65, up from CNY 6,748,088.55 in the same period last year, indicating increased investment in innovation[97]. Environmental Responsibility - The company has implemented pollution control measures, including a bag filter and a three-stage desulfurization tower for boiler emissions[49]. - Actual SO2 emissions from the boiler were 167.46 mg/m3, below the standard limit of 400 mg/m3[49]. - The company reported a total wastewater discharge of 1.20 tons, with COD levels at 13.89 mg/l, well below the standard of 300 mg/l[52]. - The company has established an environmental emergency response plan, revised in July 2020, and filed with local environmental authorities[55]. - The company has complied with environmental regulations, completing environmental impact assessments for all past technical upgrades[54]. Shareholder and Governance - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital for the reporting period[6]. - The total number of ordinary shareholders at the end of the reporting period was 26,812[80]. - The largest shareholder, Giti Tire (China) Investment Co., Ltd., holds 151,070,000 shares, representing 44.43% of the total shares[82]. - There were significant changes in the board of directors, with multiple resignations and elections, including the appointment of a new general manager[44]. Related Party Transactions - The total expected transaction amount for related party transactions in 2021 is capped at 44.66 billion RMB, with actual transactions in the first half of 2021 amounting to 18.9 billion RMB[68]. - The company reported a significant portion of its sales to related parties, with sales of tires to GITI Tire Global Trading Pte Ltd amounting to 7.06 billion RMB, representing 45.08% of the total sales[69]. - The company has received a qualified opinion from the auditor regarding significant related party transactions that were not approved by the shareholders' meeting[65]. Financial Reporting and Compliance - The company’s financial statements comply with the relevant accounting standards, ensuring a true and fair view of its financial position[136]. - The company has not reported any major litigation or arbitration matters during the reporting period[67]. - The company has not provided any performance guidance or future outlook in the disclosed documents[72][76]. Future Outlook and Risks - The company faces risks from industry competition, international trade barriers, and fluctuations in raw material prices, which could impact profitability[40]. - The company plans to address ongoing risks related to daily related-party transactions that have not yet been approved by the shareholders' meeting[38]. - The company’s future outlook remains cautious due to the reported losses and overall financial performance[120].