AECC AST(SH:600391)2021-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2021 was approximately CNY 1.47 billion, representing a 53.16% increase compared to CNY 957.41 million in the same period last year[18]. - The net profit attributable to shareholders of the listed company was a loss of approximately CNY 53.67 million, an improvement of 19.59% from a loss of CNY 66.75 million in the previous year[18]. - The basic earnings per share for the first half of 2021 was -CNY 0.16, an improvement of 20.00% from -CNY 0.20 in the same period last year[19]. - The weighted average return on net assets was -3.74%, an increase of 0.91 percentage points compared to -4.65% in the previous year[19]. - The company reported a net loss of ¥54,818,252.63, a significant increase in losses compared to a net loss of ¥1,144,244.71 in the previous period[35]. - The company reported a net loss for the first half of 2021 was CNY 39,702,994.22, an improvement from a net loss of CNY 55,567,863.79 in the same period of 2020[107]. - The total comprehensive income for the period was recorded at 24.16 million, reflecting the company's financial performance[120]. - The total comprehensive income for the current period decreased by 84,774,300, representing a decline of 7.82% compared to the previous period[134]. Cash Flow - The net cash flow from operating activities was negative at approximately CNY 231.97 million, a significant decline of 179.79% compared to a positive cash flow of CNY 290.72 million in the same period last year[18]. - Cash flow from operating activities was -231,970,101.19 RMB, a significant increase in outflow of 179.79% year-on-year[32]. - The net cash flow from operating activities for the first half of 2021 was -RMB 246,146,214.78, a decrease from RMB 249,436,337.58 in the same period of 2020[116]. - Total cash inflow from operating activities was RMB 1,151,443,362.65, down from RMB 1,470,120,503.86 year-on-year[116]. - Cash outflow from operating activities increased to RMB 1,397,589,577.43, compared to RMB 1,220,684,166.28 in the previous year[116]. - The company received RMB 430,000,000.00 in borrowings, an increase from RMB 351,464,800.00 in the same period last year[116]. Assets and Liabilities - The total assets of the company at the end of the reporting period were approximately CNY 6.05 billion, an increase of 4.15% from CNY 5.81 billion at the end of the previous year[18]. - The total liabilities reached RMB 4,118,277,536.66, compared to RMB 3,862,618,412.56, marking an increase of around 6.63%[102]. - The total equity attributable to shareholders decreased to RMB 1,411,738,236.28 from RMB 1,458,256,501.88, a decline of about 3.19%[102]. - The company's total assets as of the end of the reporting period amounted to CNY 4,702,340,078.40, up from CNY 4,490,082,437.42 at the end of the previous year[105]. - Total liabilities increased to CNY 3,367,874,557.86 from CNY 3,100,027,758.25, reflecting a rise of approximately 8.6%[105]. - The total equity at the end of the reporting period was CNY 1,879,313,738.63, with a decrease of CNY 55,589,150.00 compared to the previous period[131]. Operational Highlights - The company achieved domestic revenue of 115,302,000 RMB, a year-on-year increase of 150%[23]. - The company reported foreign trade sales revenue of 4,483,000 USD, a year-on-year decrease of 30%[23]. - Operating costs increased to 1,307,584,115.36 RMB, a rise of 49.14% year-on-year, primarily due to increased revenue[31]. - The company has over 900 types and more than 3,300 processing equipment and testing instruments, indicating strong production capabilities[25]. - The company is focusing on high-value, high-technology foreign trade products to enhance its core competitiveness[26]. Environmental Compliance - The company has implemented pollution control measures, achieving 100% compliance in the disposal of general and hazardous waste[52]. - The total amount of hazardous waste generated and transferred in the first half of the year was 221.39 tons[52]. - The company invested 2 million yuan in environmental pollution control facilities in the first half of the year[55]. - The actual wastewater discharge concentration was COD 40 mg/L and oil content 0.26 mg/L, meeting national and local discharge standards[51]. - The company conducted six internal environmental inspections to ensure effective operation of pollution control facilities[55]. - The company has established a comprehensive wastewater treatment network, ensuring that wastewater is treated to meet standards before discharge[51]. Corporate Governance - The company appointed Zhang Sheng as the deputy general manager, while Zhang Li resigned from the position[46]. - The company has committed to minimizing related party transactions to protect the interests of shareholders, ensuring fair transaction conditions[74]. - There were no major litigation or arbitration matters during the reporting period, reflecting a stable legal environment for the company[76]. - The company has not reported any non-standard audit opinions or bankruptcy restructuring matters, suggesting a solid financial standing[76]. Strategic Focus - The company has ongoing investments in new technologies and market expansion strategies, although specific figures were not disclosed in the report[103]. - The company is focused on expanding its market presence and enhancing its technological capabilities in the aerospace sector[135]. - The company has a plan to prioritize new business opportunities that may compete with its subsidiary, ensuring compliance with national industry policies[72]. Financial Management - The company reported a significant decrease in non-operating fund occupation by controlling shareholders and related parties, indicating improved financial management practices[75]. - The company has not engaged in any significant asset or equity acquisitions or sales during the reporting period, maintaining a conservative approach to investments[77]. - The company has not performed any significant guarantees during the reporting period[85]. Accounting Practices - The financial statements are prepared in accordance with the Chinese Accounting Standards, ensuring a true and complete reflection of the company's financial results[144]. - The company follows specific accounting treatments for business combinations, distinguishing between same-control and non-same-control mergers[149][150]. - The company recognizes minority interests and losses separately in the consolidated financial statements, reflecting the portion not owned by the company[156].