Routon(SH:600355)2021-08-17 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥142,525,833.29, representing an increase of 81.32% compared to ¥78,605,336.10 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥1,871,487.80, a significant recovery from a loss of ¥18,014,098.36 in the previous year[17]. - The net cash flow from operating activities was ¥13,415,245.28, improving from a negative cash flow of ¥37,218,431.92 in the same period last year[17]. - Basic earnings per share for the first half of 2021 were ¥0.004, recovering from a loss of ¥0.037 per share in the same period last year[18]. - The weighted average return on net assets was 0.72%, a recovery from -6.30% in the previous year[18]. - The company achieved operating revenue of ¥142,525,833.29, representing an 81.32% increase compared to the same period last year[24]. - Net profit attributable to the parent company was ¥1,871,487.80, marking a turnaround from a loss[24]. - Operating costs increased to ¥105,607,207.89, up 70.99% year-on-year, primarily due to the previous year's pandemic impact[25]. - The income tax expense surged by 341.89% to ¥997,369.67, primarily due to an increase in corporate income tax[28]. - Total operating revenue for the first half of 2021 reached ¥142,525,833.29, a significant increase of 81.5% compared to ¥78,605,336.10 in the same period of 2020[73]. - The net profit for the first half of 2021 was ¥1,871,487.80, a turnaround from a net loss of ¥18,014,098.36 in the first half of 2020[73]. Assets and Liabilities - The total assets at the end of the reporting period were ¥453,133,490.07, an increase of 2.44% from ¥442,334,697.06 at the end of the previous year[17]. - The total liabilities increased to ¥192.88 billion from ¥183.95 billion, reflecting a growth of about 4.9%[67]. - The company's equity attributable to shareholders increased to ¥261.44 billion from ¥259.57 billion, a rise of approximately 0.7%[67]. - The total cash and cash equivalents at the end of the period was RMB 49,539,070.19, a decrease from RMB 62,823,305.85 at the end of the first half of 2020[82]. - The total equity attributable to the parent company at the end of the reporting period is CNY 492,089,200.00, compared to CNY 293,863,877.85 at the end of the previous year, reflecting a significant increase[89]. - The total owner's equity at the end of the reporting period is CNY 492,089,200.00, showing a substantial increase from CNY 293,863,877.85 in the previous year[89]. Cash Flow - The net cash flow from operating activities was RMB 13,415,245.28, a significant recovery from a net outflow of RMB 37,218,431.92 in the first half of 2020[81]. - Operating cash inflow for the first half of 2021 was RMB 191,266,996.57, an increase of 23.5% compared to RMB 154,748,130.75 in the same period of 2020[81]. - Cash outflow from investing activities was RMB 1,046,024.21, up from RMB 508,556.60 in the first half of 2020, resulting in a net cash outflow of RMB 786,543.09[82]. - Cash inflow from financing activities decreased to RMB 42,000,000.00 from RMB 71,000,000.00 in the previous year, leading to a net cash outflow of RMB 12,390,847.19[82]. Shareholder Information - The number of ordinary shareholders as of the end of the reporting period is 43,223[56]. - The largest shareholder, Zhang Xueyang, holds 60,000,000 shares, representing 12.19% of the total shares[57]. - The second-largest shareholder, Luo Jianfeng, holds 18,900,000 shares, representing 3.84% of the total shares[58]. - The company has not experienced any changes in its total share capital or share structure during the reporting period[55]. - There are no significant changes in the shareholding of directors, supervisors, and senior management during the reporting period[59]. Research and Development - Research and development expenses were ¥15,940,092.60, reflecting a 4.69% increase compared to the previous year[25]. - The company has accumulated nearly 100 patents and software copyrights, strengthening its core competencies in smart terminal and internet technologies[23]. - The company is transitioning from traditional identity verification products to innovative smart identity recognition applications, addressing fragmented industry user demands and long project cycles[36]. Strategic Initiatives - The company maintained strategic partnerships with leading enterprises in the sewing machinery industry, enhancing its competitive position in smart manufacturing products[22]. - The company plans to enhance its competitive advantages through innovation, market expansion, and improved management practices[23]. - The company plans to continue expanding its market presence and investing in new technologies and products to drive future growth[28]. Risk Management - The company has detailed potential risks in the report, which can be found in the management discussion and analysis section[5]. - The company acknowledges the uncertainty in project promotion due to economic conditions, industry policies, and local regulations[36]. - The company faces rising costs of raw materials and labor, which may lead to decreased profitability, prompting a focus on product design, cost optimization, and supply chain management[35]. Corporate Governance - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[4]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[5]. - The company has not reported any significant litigation or arbitration matters during the reporting period[48]. - The company maintains a good integrity status, with no significant debts or court judgments outstanding[48]. Accounting Policies - The company follows the accounting standards issued by the Ministry of Finance for financial reporting[101]. - The company’s accounting year runs from January 1 to December 31[104]. - The company regularly reviews judgments and estimates related to accounting policies, which may affect reported amounts of income, expenses, assets, and liabilities[200]. - There were no changes in significant accounting policies or estimates reported for the current period[200].