Tstc(SH:600552)2021-08-09 16:00Financial Performance - The company's operating revenue for the first half of 2021 reached ¥3,385,247,820.03, representing a 70.11% increase compared to ¥1,989,998,410.48 in the same period last year[20]. - Net profit attributable to shareholders was ¥84,086,950.83, up 78.45% from ¥47,120,648.09 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥67,265,953.05, a significant increase of 431.36% compared to ¥12,659,162.36 in the same period last year[20]. - The net cash flow from operating activities was ¥93,677,074.40, which is a 281.69% increase from ¥24,542,744.77 in the previous year[20]. - The total profit reached CNY 150,740,995.08, reflecting an 88.11% year-on-year growth[44]. - The company reported a net profit attributable to shareholders of the parent company increased due to a rise in total profit[46]. - Operating income increased due to an increase in orders across all segments[46]. - The total comprehensive income for the half-year is CNY 57,491,317.13, indicating positive performance[148]. Assets and Liabilities - The total assets at the end of the reporting period were ¥8,296,784,726.89, reflecting a 10.14% increase from ¥7,533,129,776.66 at the end of the previous year[20]. - The total liabilities increased to RMB 5,435,072,405.16 from RMB 4,721,737,036.16, marking an increase of about 15%[121]. - Total liabilities increased by 146.67% due to an increase in long-term borrowings[49]. - The company’s inventory decreased by 2.86% compared to the previous year, indicating reduced stock levels[49]. - The company reported a decrease in short-term borrowings to RMB 1,534,890,673.22 from RMB 1,722,759,953.66, a reduction of approximately 10.9%[121]. Research and Development - Research and development expenses rose to CNY 120,572,719.12, marking a 74.64% increase compared to the previous year[44]. - Continuous investment in R&D is emphasized to keep up with rapid technological upgrades in the electronics industry[58]. - The company has a strong innovation capability, holding 271 authorized patents, including 47 invention patents, and has established 12 provincial-level innovation platforms[31]. Business Segments - The company operates in two main business segments: new display and application materials, both of which are key emerging industries supported by national strategy[26]. - The new display segment includes products such as ITO conductive film glass and flexible ITO conductive films, with a market share of approximately 25% in ITO conductive film glass globally[32]. - The application materials segment features zirconia materials and spherical quartz powder, with a focus on high-end technology applications in integrated circuits and biomedicine[30]. - The new display segment saw a market share increase to approximately 17% in the tablet display module sector[39]. - The application materials segment's main product output grew by around 30%, with sales also increasing by over 30%[39]. Environmental Management - The company has established environmental management systems and complies with relevant environmental laws, with no reported pollution incidents during the reporting period[70][74]. - The company has obtained pollution discharge permits for its key subsidiaries, ensuring compliance with environmental regulations[73]. - Emergency response plans for environmental incidents have been developed and training exercises conducted to ensure effective management of potential pollution events[74]. - The company implemented an automatic monitoring system for wastewater treatment, including COD analyzers, pH meters, and flow meters, ensuring real-time compliance with environmental discharge standards[75]. - The company has established a solar photovoltaic wall project with a total installed capacity of 3,230.1 kW, expected to generate 2.68 million kWh annually, contributing to carbon reduction efforts[88]. Strategic Partnerships and Market Position - The company maintains strategic partnerships with renowned brands such as Amazon, Samsung, and LGD, ensuring strong customer loyalty and recognition in the industry[35]. - The company has successfully entered the procurement system of a world-class smart voice customer in the AIOT display module field[39]. - The company is advancing the mass production project of high-purity synthetic silicon materials for semiconductors[40]. Corporate Governance and Shareholding - The total number of ordinary shareholders at the end of the reporting period is 34,700[109]. - The largest shareholder, Anhui Huaguang Optoelectronic Materials Technology Group Co., Ltd., holds 21.83% of the shares, totaling 166,755,932 shares[113]. - There were no changes in the total number of shares or share capital structure during the reporting period[109]. Financial Reporting and Compliance - The financial statements are prepared in accordance with the enterprise accounting standards, ensuring a true and complete reflection of the company's financial status[162]. - The company has a continuous operation basis with no significant doubts regarding its ability to continue operations for the next 12 months[162]. - The company offsets internal transactions between itself and its subsidiaries in the consolidated financial statements[168].