HANMA TECHNOLOGY(SH:600375)2021-08-27 16:00Financial Performance - The operating revenue for the first half of 2021 was CNY 3,839,587,102.65, representing an increase of 11.77% compared to CNY 3,435,139,290.30 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was a loss of CNY 568,942,866.61, compared to a loss of CNY 96,262,894.27 in the previous year, indicating a significant decline[18]. - Basic earnings per share for the first half of 2021 were -0.97 CNY, compared to -0.17 CNY in the same period last year, indicating a significant decline[19]. - The weighted average return on equity decreased by 21.34 percentage points to -24.77% from -3.43% year-on-year[19]. - The net profit attributable to shareholders was -56,894.29 million RMB, a decrease of 491.03% year-on-year[32]. - The company reported a net loss of CNY 1,534,846,724.20 for the current period, which is a significant decline compared to the previous year's net loss of CNY 471,096,243.88[141]. - The total comprehensive income for the current period is CNY -99,128,141.72, indicating a deterioration in financial performance compared to the previous period[143]. Cash Flow and Assets - The net cash flow from operating activities was a negative CNY 211,592,578.45, an improvement from a negative CNY 399,462,703.55 in the same period last year[18]. - The company’s cash flow from operating activities showed a net outflow of approximately ¥211.59 million in the first half of 2021, an improvement from a net outflow of ¥399.46 million in the first half of 2020[131]. - The company’s total assets at the end of the period were 12,900,000,000 RMB, with cash and cash equivalents amounting to 1,899,411,108.96 RMB, representing 14.71% of total assets[37]. - Total assets increased to CNY 12.91 billion as of June 30, 2021, compared to CNY 12.62 billion at the end of 2020, reflecting a growth of 2.3%[116]. - Current assets totaled CNY 6.74 billion, up from CNY 6.47 billion, indicating a rise of 4.2%[116]. - The company reported a net increase in cash and cash equivalents of CNY 326,030,795.53, compared to a decrease of CNY 58,030,822.05 in the first half of 2020[135]. Liabilities and Equity - The company’s long-term borrowings increased by 479.76% to 708,005,000.00 RMB, indicating a shift in financing strategy[37]. - Total liabilities amounted to CNY 10.45 billion, up from CNY 10.17 billion, representing a growth of 2.7%[117]. - The company's equity attributable to shareholders increased to CNY 2.40 billion, slightly up from CNY 2.39 billion, showing a marginal growth of 0.5%[117]. - The total equity attributable to the parent company at the end of the period is CNY 2,463,129,597.93, compared to CNY 2,915,041,810.47 at the end of the previous year, reflecting a decrease of approximately 15.5%[141]. Research and Development - The company’s R&D expenses increased by 13.53% to 95,269,940.66 RMB, reflecting a commitment to innovation[34]. - Research and development expenses for the first half of 2021 were ¥95,269,940.66, compared to ¥83,918,494.92 in the previous year, reflecting a 13.5% increase[123]. Environmental Management - The company has been listed as a key pollutant discharge unit in multiple regions, including Ma'anshan and Hengyang, indicating significant environmental oversight[51]. - During the reporting period, the company did not experience any environmental pollution incidents or exceedances in emissions, demonstrating effective environmental management[52]. - The company emphasizes a management approach focused on energy conservation and pollution reduction, aligning with its environmental responsibility goals[52]. - The company has implemented a comprehensive air pollution control system, including the use of activated carbon for VOCs adsorption[55]. Corporate Governance and Compliance - The company has established a complete corporate governance structure, ensuring independent decision-making by shareholders and management[84]. - The company committed to avoiding conflicts of interest and ensuring fair competition in its operations post-acquisition[80]. - The financial report was approved by the board of directors on August 27, 2021, indicating timely compliance with regulatory requirements[149]. Related Party Transactions - The company reported a total of 86,700.00 million RMB in related party sales during the first half of 2021, with 4,707.23 million RMB realized[94]. - The company expects to engage in related party transactions worth 10,000.00 million RMB for purchasing automotive parts from Geely Commercial Vehicle Group, with 554.33 million RMB executed by June 30, 2021[92]. - The company has accepted a loan of 600 million RMB from a related party, with an interest rate of 4.65% for a term of 60 months[96]. Market and Sales Performance - The commercial vehicle industry saw a production and sales increase of 15.70% and 20.90%, respectively, in the first half of 2021, with total production reaching 2.73 million units[27]. - In the first half of 2021, the company sold 10,773 medium and heavy trucks, a year-on-year increase of 15.29%[32]. - The company achieved operating revenue of 383,958.71 million RMB, an increase of 11.77% compared to the same period last year[32]. Future Outlook - The company plans to maintain high investment in technology and product development despite potential economic fluctuations[43]. - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[116].