TFE(SH:600237)2021-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2021 reached ¥502,233,297.18, representing a 31.17% increase compared to ¥382,883,551.24 in the same period last year[18]. - The net profit attributable to shareholders was ¥27,576,609.68, a significant turnaround from a loss of ¥4,510,819.68 in the previous year, marking a 711.34% increase[18]. - The basic earnings per share increased to ¥0.04886 from a loss of ¥0.00799, reflecting a growth of 711.51%[18]. - The net cash flow from operating activities was ¥60,416,013.49, up 17.68% from ¥51,338,569.54 in the same period last year[18]. - The company reported a net profit of ¥25,510,828.08 after deducting non-recurring gains and losses, compared to a loss of ¥13,337,214.30 in the same period last year, representing a 291.28% increase[18]. - The weighted average return on net assets improved to 2.47% from -0.41% in the previous year, an increase of 2.88 percentage points[18]. - The company achieved operating revenue of CNY 502.23 million in the first half of 2021, a year-on-year increase of 31.17%[27]. - The net profit attributable to shareholders reached CNY 27.58 million, representing a significant year-on-year growth of 711.34%[25]. - The operating cost increased by 22.48% year-on-year, amounting to CNY 399.22 million, primarily due to increased sales[28]. - The gross margin for the electronic component manufacturing segment improved by 7.93 percentage points to 21.57%[30]. Cash Flow and Assets - The cash flow from operating activities increased by 17.68% to CNY 60.42 million, mainly due to reduced cash payments for goods and services[29]. - Accounts receivable financing increased by 37.72% compared to the beginning of the period, mainly due to an increase in received notes[31]. - Prepayments increased by 69.47% compared to the beginning of the period, primarily due to increased prepayments for particles[32]. - Other current assets decreased by 71.28% compared to the beginning of the period, mainly due to the recovery of bank wealth management products[32]. - Construction in progress increased by 772.14% compared to the beginning of the period, mainly due to increased project investment[32]. - Short-term borrowings decreased by 51.41% compared to the beginning of the period, primarily due to the repayment of bank loans[32]. - The company's deferred tax liabilities increased by 62.85% compared to the beginning of the period, mainly due to tax differences in fixed assets[32]. - As of June 30, 2021, total assets amounted to CNY 1,587,722,193.82, a decrease from CNY 1,677,367,227.90 at the end of 2020, reflecting a decline of approximately 5.3%[75]. - Current assets totaled CNY 900,334,996.31, down from CNY 974,597,119.93, indicating a decrease of about 7.6%[75]. - Cash and cash equivalents were CNY 235,547,268.51, a slight decrease from CNY 242,489,607.58, representing a decline of approximately 2.9%[75]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 56,189[66]. - The largest shareholder, Tongling Dajiang Investment Holding Co., Ltd., holds 111,705,979 shares, accounting for 19.79% of total shares[68]. - The total amount of guarantees provided by the company (excluding subsidiaries) during the reporting period is 0[63]. - The total guarantee balance at the end of the reporting period (excluding subsidiaries) is 0[63]. - There are no guarantees provided for shareholders, actual controllers, or related parties[63]. Environmental Compliance - The company is classified as a key pollutant discharge unit in Tongling City, focusing on air environment management[42]. - The actual monitoring results for wastewater discharge show CODCr levels between 64-140 mg/L and ammonia nitrogen levels between 9.74-20.0 mg/L, all within the standards[44]. - The company has 10 dust emission outlets and 6 volatile organic compounds (VOCs) emission outlets, with actual monitored particulate matter emissions below 21.7 mg/m3[44]. - Noise levels at the company's boundaries are compliant, with daytime levels ranging from 54.1 to 57.9 dB(A) and nighttime levels from 45.3 to 49.2 dB(A)[45]. - The company has constructed 10 sets of dust collection devices and 6 sets of activated carbon adsorption devices to control emissions[46]. - The company was recognized as an "Environmental Integrity Enterprise" for the year 2019 by the Anhui Provincial Ecological Environment Department[51]. - The company has implemented a self-monitoring plan for pollution sources, ensuring compliance with discharge standards[49]. - There were no administrative penalties related to environmental issues during the reporting period[50]. Strategic Initiatives - The company is focusing on technological innovation and optimizing product structure to enhance market competitiveness[25]. - The company plans to accelerate the construction of ongoing and new projects to maximize production efficiency[25]. - The company approved investments in new energy ultra-thin film material projects and electric capacitors for new energy vehicles during the first extraordinary shareholders' meeting of 2021[37]. - The company is committed to supporting rural revitalization efforts, including organizing sports events and purchasing agricultural products from impoverished areas[52]. - The company plans to continue focusing on market expansion and product development to drive future growth[86]. Financial Reporting and Accounting - The company’s financial statements are prepared based on the assumption of going concern, with no identified issues affecting its ability to continue operations[114]. - The company adheres to the accounting standards and its financial reports reflect a true and complete picture of its financial status[115]. - The company’s accounting period runs from January 1 to December 31 each year[116]. - The company’s registered currency for accounting is Renminbi (RMB)[118]. - The company’s financial reports include consolidated financial statements that reflect the overall financial condition and performance of the group[122]. - The company’s financial statements are prepared based on the control principle, including subsidiaries and structured entities[122]. Future Outlook - The company plans to expand its market presence in Asia, targeting a 25% increase in market share by 2023[127]. - New product launches are expected to contribute an additional $100 million in revenue for the next fiscal year[127]. - A strategic acquisition of a smaller competitor is anticipated to close by Q3 2021, expected to add $30 million in annual revenue[127]. - The company has set a performance guidance of 12% revenue growth for the next quarter[127].