Workflow
百利电气(600468) - 2021 Q2 - 季度财报
BENEFOBENEFO(SH:600468)2021-08-18 16:00

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,116,555,130.67, representing an increase of 18.67% compared to ¥940,872,982.11 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was ¥56,145,443.69, up 38.27% from ¥40,606,473.32 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥53,884,790.26, which is a 59.95% increase from ¥33,687,774.05 in the same period last year[23]. - The basic earnings per share for the first half of 2021 was ¥0.0516, an increase of 38.34% compared to ¥0.0373 in the previous year[24]. - The weighted average return on net assets was 3.05%, an increase of 0.68 percentage points from 2.37% in the same period last year[24]. - The total profit reached 7,977.64 million RMB, an increase of 22% compared to the previous year[34]. - Net profit attributable to shareholders was 5,614.54 million RMB, up 38.27% year-on-year[34]. - The net profit after deducting non-recurring gains and losses was 5,388.48 million RMB, reflecting a growth of 59.95%[34]. - The company reported a net profit margin of approximately 5.03% for the first half of 2021, compared to 4.30% in the same period of 2020[107]. - The total comprehensive income for the first half of 2021 was CNY 10,775,389.38, a substantial increase from CNY 1,750,022.40 in the previous year[113]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,437,242,053.03, a decrease of 5.19% from ¥3,625,265,685.52 at the end of the previous year[23]. - The company's total assets decreased to ¥2,199,481,676.18 as of June 30, 2021, down from ¥2,323,970,280.37 at the end of 2020, a decline of 5.34%[103]. - Total liabilities decreased to approximately $1.41 billion from $1.62 billion, a reduction of about 13%[95]. - The company's total liabilities decreased to ¥575,016,182.78, down 15.04% from ¥676,560,382.39 at the end of 2020[103]. - The total equity at the end of the reporting period is CNY 1,121,895,038.00, with a capital reserve of CNY 408,232,889.44 and undistributed profits of CNY 271,879,236.32[139]. Cash Flow - The net cash flow from operating activities was ¥23,720,961.92, compared to a negative cash flow of -¥26,908,558.81 in the same period last year[23]. - The company's cash and cash equivalents decreased to ¥30,712,609.50 as of June 30, 2021, down 78.06% from ¥139,211,024.82 at the end of 2020[103]. - Operating cash inflow for the first half of 2021 was CNY 1,103,794,338.76, an increase of 28.5% compared to CNY 858,624,446.21 in the first half of 2020[118]. - Cash outflow from investing activities totaled CNY 132,041,993.49, compared to CNY 93,680,897.99 in the first half of 2020, indicating increased investment activity[118]. - Cash inflow from financing activities was CNY 87,600,000.00, down from CNY 113,000,000.00 in the previous year[121]. Investments and Acquisitions - The company made a significant equity investment of CNY 82,216,200.00 in Rongxin Industry during the reporting period[44]. - The company also paid CNY 33,073,500.00 for the acquisition of supporting assets related to Rongxin Industry[45]. - The acquisition agreement includes profit commitments for the years 2019, 2020, and 2021, with minimum net profits of RMB 60 million, 70 million, and 80 million respectively, which are subject to various market and management risks[49]. Employee and Shareholder Matters - The company implemented an employee stock ownership plan, purchasing 1,259,100 shares at an average price of 3.96 RMB per share, totaling approximately 4,991,265.82 RMB[34]. - The total number of common shareholders at the end of the reporting period was 24,859[84]. - The largest shareholder, Tianjin Hydraulic Machinery (Group) Co., Ltd., held 579,606,870 shares, representing 51.66% of the total shares[84]. - The company did not propose any profit distribution or capital reserve transfer to increase share capital during the reporting period[7]. Risks and Challenges - The company has disclosed potential risks in the report, which investors should be aware of[9]. - The company faces risks from fluctuations in raw material prices, such as copper and nylon, which could increase production costs and impact product profitability[49]. - Accounts receivable risks are present due to long payment cycles and retention of warranty funds, leading to higher operational costs and potential impacts on overall profitability[49]. - The company is undergoing a transformation that includes integrating loss-making subsidiaries to improve labor productivity and technological capabilities, while facing risks related to market cultivation and talent shortages in emerging industries[49]. Compliance and Governance - The company has committed to avoiding any direct or indirect competition with its own business, ensuring compliance with commitments made since December 5, 2014[61]. - The company has established long-term commitments to manage related party transactions, with adherence confirmed since January 30, 2019[64]. - The company guarantees that its subsidiaries will not increase investments in businesses similar to its own, maintaining operational independence[64]. - The company has confirmed that it will not engage in any new business activities that could compete with its existing operations[64]. Financial Reporting and Accounting - The financial statements are prepared based on the going concern principle, in accordance with the accounting standards issued by the Ministry of Finance[151]. - The company has confirmed that its financial statements comply with the requirements of the accounting standards, reflecting its financial position and operating results accurately[156]. - The company recognizes the income, expenses, and profits of newly acquired subsidiaries from the acquisition date to the end of the reporting period in the consolidated profit statement[164].