Aerosun(SH:600501)2021-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,625,784,959.72, representing an increase of 18.05% compared to CNY 1,377,165,460.85 in the same period last year[17]. - The net profit attributable to shareholders of the listed company reached CNY 33,965,921.12, a significant increase of 131.04% from CNY 14,701,210.03 in the previous year[17]. - The total profit reached 30.25 million RMB, with a year-on-year increase of 66.23%, while the net profit attributable to shareholders was 33.97 million RMB, up 131.04%[37]. - The total comprehensive income for the first half of 2021 was CNY 33,618,021.69, compared to CNY 18,260,376.33 in the previous year, reflecting a growth of 84.5%[116]. - The total comprehensive income for the previous period was RMB 12,296,397.16, showing a significant increase in the current period[135]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -440,311,526.32, a decrease of 2,710.14% compared to CNY 16,869,259.01 in the same period last year[17]. - The company’s cash flow from operating activities showed a significant decline, with a net outflow of 440.31 million RMB, a decrease of 2710.14% compared to the previous year[46]. - Cash inflow from operating activities totaled 1,640,977,072.09 RMB, while cash outflow reached 1,956,323,664.21 RMB, resulting in a cash outflow of 315,346,592.12 RMB[123]. - The cash received from sales of goods and services was 1,619,891,881.45 RMB, an increase from 1,190,383,756.23 RMB in the first half of 2020[123]. - The company experienced a negative impact of 361,277,806.46 RMB on cash and cash equivalents during the first half of 2021[123]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,900,961,009.33, down 5.39% from CNY 5,180,195,018.63 at the end of the previous year[17]. - Total liabilities decreased to RMB 2,519,466,084.34 from RMB 2,840,551,643.15, reflecting a reduction in financial obligations[107]. - The total current assets as of June 30, 2021, amount to RMB 3,036,217,155.08, a decrease from RMB 3,413,058,025.29 at the end of 2020[106]. - The total non-current assets increased to RMB 1,864,743,854.25 from RMB 1,767,136,993.34, indicating growth in long-term investments[107]. - The company’s total liabilities at the end of the reporting period are not explicitly stated but are implied to be managed effectively in relation to its equity growth[131]. Research and Development - The company reported R&D expenses of CNY 85,910,084.88 for the first half of 2021, slightly up from CNY 82,192,346.97 in the same period of 2020, indicating a focus on innovation[114]. - In 2021, the company initiated 78 technology innovation projects, focusing on smart manufacturing and environmental protection technologies, enhancing its core technical capabilities[34]. - The company has filed 42 patent applications and obtained 43 patents, including 9 inventions, reflecting its commitment to innovation and intellectual property protection[35]. - The company completed 78 technology innovation projects with a total funding of 66.12 million RMB, enhancing its research and development capabilities[41]. - The company has established a comprehensive research and production innovation system, with 7 industrial parks and 4 subsidiaries, enhancing its product research and customer service capabilities[29]. Environmental Management - The company reported a significant focus on environmental management, with no pollution incidents occurring in 2021[66]. - The wastewater discharge from the company's facilities met the GB8978-1996 standards, with COD levels consistently below the limit of 500 mg/l[70]. - The company has implemented real-time monitoring systems for both wastewater and waste gas emissions, ensuring compliance with environmental regulations[68]. - The company has established a dedicated hazardous waste storage area and engages qualified companies for hazardous waste disposal[71]. - The company has received no administrative penalties for environmental issues during the reporting period[77]. Corporate Governance - Changes in the board included the election of a new chairman of the supervisory board and the appointment of a new deputy general manager[63]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[64]. - The company has not disclosed any new employee stock ownership plans or other incentive measures during this reporting period[65]. - The company has maintained a commitment to energy conservation and environmental protection as mandated by local government regulations[66]. - The company has made significant equity investments, with a notable increase in the book value of investments in Jiangsu Jiquan Aerospace Financial Investment Fund to 110,921,551.48 RMB[55]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 42,009[99]. - The top ten shareholders hold a total of 106,160,000 shares (25.20%) and 89,633,772 shares (21.28%) respectively, with no changes during the reporting period[101]. - The company reported a profit distribution of CNY 3,587,666.28 to shareholders during this period[129]. - The company completed a share transfer of 77.8 million shares (23.98% of total shares) from Morning Light Group to the China Aerospace Science and Industry Corporation, making the latter the largest shareholder[141]. - As of June 30, 2021, the company's total share capital was 421,283,600 shares, with the largest shareholder holding 25.20% of the shares[143]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, with no significant factors affecting the company's ability to continue operations in the next 12 months[146]. - The company adheres to the accounting standards, ensuring that financial reports accurately reflect its financial position and performance[148]. - The company prepares consolidated financial statements based on the financial statements of the parent company and its subsidiaries, in accordance with the relevant accounting standards[155]. - The company recognizes joint arrangements as either joint operations or joint ventures, depending on the control and rights over the assets and liabilities involved[156]. - The company uses the actual interest method for subsequent measurement of financial liabilities at amortized cost[164].