GETM(SH:600232)2021-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥517.92 million, representing a 24.79% increase compared to ¥415.03 million in the same period last year[16]. - The net profit attributable to shareholders of the listed company decreased by 38.69% to approximately ¥13.24 million, down from ¥21.59 million in the previous year[16]. - The net cash flow from operating activities was approximately ¥176.91 thousand, a significant improvement from a negative cash flow of ¥52.54 million in the same period last year[16]. - The basic earnings per share for the first half of 2021 was ¥0.036, a decrease of 38.98% compared to ¥0.059 in the same period last year[18]. - The net profit for the period was 13.24 million yuan, a decrease of 38.69% year-on-year[32]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 9.74 million yuan, turning from a loss to a profit, increasing by 23.77 million yuan[32]. - The gross profit margin for the machinery sector decreased to 18.50%, down from 25.95% year-on-year, while the textile sector saw an increase in gross profit margin to 11.87%, up from 22.56%[35]. - The company reported a total comprehensive income of approximately ¥9.50 million for the first half of 2021, compared to a loss of ¥5.45 million in the same period of 2020[93]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥1.77 billion, a decrease of 2.85% from ¥1.82 billion at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company decreased by 5.45% to approximately ¥1.01 billion, down from ¥1.07 billion at the end of the previous year[17]. - The company's total liabilities increased slightly to CNY 715,349,673.67 from CNY 705,334,412.52, reflecting an increase of approximately 1.44%[83]. - The company's total equity attributable to shareholders decreased to CNY 1,009,075,239.87 from CNY 1,067,232,675.41, reflecting a decrease of about 5.44%[83]. - The company's current assets totaled CNY 1,342,280,595.54, down from CNY 1,380,562,633.67 at the end of 2020, indicating a decrease of about 2.77%[81]. - The total amount of accounts receivable over three years is CNY 54,160,354.48, indicating a significant portion of receivables that may require closer monitoring[199]. Research and Development - The company has increased its R&D spending on textile machinery, contributing to innovation and product development[34]. - Research and development expenses surged by 107.27% to ¥12,724,233.66, compared to ¥6,138,831.08 in the previous year[35]. - Research and development expenses increased significantly to ¥12,724,233.66, compared to ¥6,138,831.08 in the first half of 2020, marking a rise of 107.1%[89]. Market and Competition - The textile machinery segment maintains a market share of over 85%, with a strong competitive advantage in technology and innovation[29]. - The global injection molding machine market size was 172 billion yuan (26.1 billion USD) in 2020, with a compound annual growth rate of 4% from 2017 to 2020[24]. - The Chinese injection molding machine market size was 53.6 billion yuan in 2020, accounting for about one-third of the global market[24]. - The company is facing risks from rapid technological advancements in lithium batteries and policy changes affecting the new energy vehicle industry, which may impact strategic decisions[45]. Environmental and Social Responsibility - The company has established a wastewater treatment facility with a daily capacity of 2,500 tons, ensuring compliance with environmental standards[55]. - The company is transitioning to LNG for energy use, replacing coal boilers to reduce environmental pollution and improve operational efficiency[56]. - The company has implemented measures to reduce carbon emissions, although specific results were not detailed in the report[60]. - The company has actively engaged in social responsibility initiatives, contributing a total of 247,164.35 RMB to various charitable causes in the first half of 2021[62]. Shareholder Information - The largest shareholder, Zhejiang Jinying Group, holds 177,173,451 shares, representing 48.58% of the total shares[75]. - The company completed a share buyback plan, repurchasing 7,709,342 shares, which is 2.114% of the total share capital[76]. - The highest repurchase price was 6.16 yuan per share, and the total funds used for the buyback amounted to 40.04 million yuan[76]. Compliance and Governance - The company has not faced any administrative penalties related to environmental issues during the reporting period[59]. - The company has not encountered any non-compliance issues related to major contracts or transactions[68]. - The company has maintained a good integrity status, with no significant debts or court judgments unfulfilled during the reporting period[65]. Financial Management - The company has significant exposure to foreign exchange risks due to its import and export activities, with fluctuations in the RMB affecting unrecognized foreign exchange earnings[46]. - The company reported an investment loss of ¥8,409,869.55, compared to a loss of ¥6,123,923.05 in the previous year[90]. - The company incurred financial expenses of approximately ¥3.61 million in the first half of 2021, up from ¥2.31 million in the same period of 2020, primarily due to increased interest expenses[92].