宝胜股份(600973) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥20,587,773,245.84, representing a 29.15% increase compared to the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥193,264,920.63, a 46.47% increase year-on-year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥189,328,201.72, reflecting a 58.26% increase compared to the previous year[22]. - Basic earnings per share increased by 46.88% to CNY 0.141 compared to the same period last year[23]. - Diluted earnings per share also rose by 46.88% to CNY 0.141 year-on-year[23]. - The company reported a net profit for the first half of 2021 of ¥232,510,788.01, compared to ¥143,217,515.87 in the first half of 2020, representing a 62.5% increase[116]. - The total profit for the first half of 2021 was CNY 130,068,406.56, compared to CNY 108,307,002.28 in the first half of 2020, reflecting a growth of 20.1%[121]. Cash Flow and Financial Position - The net cash flow from operating activities was -¥1,129,018,092.09, indicating a significant cash outflow compared to the previous year[22]. - The company reported a net cash flow from operating activities of -¥1,129,018,092.09, reflecting challenges in cash collection due to increased raw material purchases[47]. - Cash and cash equivalents as of June 30, 2021, were approximately ¥3.13 billion, down from ¥3.57 billion at the end of 2020[100]. - The company's cash and cash equivalents at the end of the period stood at CNY 1,683,558,671.39, down from CNY 1,918,733,076.37 at the end of the first half of 2020[127]. - The total cash and cash equivalents at the end of the period was 707,906,682.90 RMB, down from 891,552,009.02 RMB at the beginning of the period, reflecting a net decrease of 186,822,086.79 RMB[135]. - The company’s total liabilities reached ¥17,597,610,054.95, up from ¥14,934,935,385.87, indicating an increase of around 17.8%[105]. - The total equity attributable to shareholders decreased to ¥4,535,222,476.72 from ¥4,974,181,878.84, a decline of about 8.8%[105]. Research and Development - The company is focusing on new product and technology development to meet customer demands and improve product quality[28]. - The company's research and development expenses increased by 46.25% to ¥290,621,863.66 from ¥198,717,939.46, reflecting a significant investment in innovation[47]. - The company has undertaken 20 national-level projects and over 100 provincial-level projects, showcasing its commitment to technological advancement[37]. - The company has a significant focus on research and development of new products and technologies to drive future growth and market expansion[55]. Market Strategy and Operations - The company adopted a "R&D + production + marketing + service" business model to enhance product and market structure[28]. - The company is implementing a "2236" marketing transformation strategy to enhance its sales model[28]. - The company has established a comprehensive marketing network with 11 major regions, 27 regional marketing companies, and 63 stationed marketing companies, employing nearly 700 sales personnel[38]. - The company plans to expand its market presence through strategic acquisitions and investments in subsidiaries, enhancing its operational capabilities[55]. Assets and Liabilities - Total assets increased by 10.82% to ¥23,105,267,004.39 compared to the end of the previous year[22]. - The company's total assets increased to ¥23,105,267,004.39, up from ¥20,850,018,718.42, representing a growth of approximately 10.8% year-over-year[103]. - Non-current liabilities rose to ¥2,575,221,389.31, compared to ¥1,635,100,387.80, marking an increase of about 57.5%[103]. - Current liabilities increased significantly to ¥15,022,388,665.64 from ¥13,299,834,998.07, reflecting a growth of approximately 12.9%[103]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 35,696[90]. - The largest shareholder, Baosheng Group Co., Ltd., held 437,406,433 shares, accounting for 31.90% of total shares[90]. - Baosheng Group holds 146,716,819 shares of Baosheng Co., and will not reduce its holdings in the six months prior to the pricing benchmark of the non-public offering[77]. - Baosheng Group holds 437,406,433 shares of Baosheng Co., and will not reduce its holdings in the thirty-six months following the completion of the non-public offering[77]. Compliance and Governance - The company did not distribute profits or increase capital reserves in the first half of the year, with no dividends or stock bonuses proposed[68]. - There were no changes in the company's board, supervisors, or senior management during the reporting period[68]. - The company has committed to avoiding competition with its listed subsidiary and will take necessary measures to prevent conflicts of interest[74]. - The company will manage related transactions with its listed subsidiary according to market principles and ensure fair pricing[74]. - There are no major litigation or arbitration matters during the reporting period[80]. - The company has not received any penalties or corrective actions related to illegal activities by its directors, supervisors, senior management, or controlling shareholders[80]. Environmental and Social Responsibility - There are no updates on environmental information or measures taken to reduce carbon emissions during the reporting period[72]. - The company has not disclosed any employee stock ownership plans or other incentive measures[68]. - The company has not made any commitments related to environmental protection or social responsibility during the reporting period[70]. Financial Instruments and Accounting Policies - The company classifies joint arrangements into joint operations and joint ventures based on rights and obligations, applying equity method accounting for joint ventures[181]. - The company recognizes its share of assets and liabilities in joint operations, confirming revenue from the sale of joint operation outputs based on its share[184]. - Financial assets are classified into three categories: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss[190]. - The company uses the effective interest method for subsequent measurement of financial assets measured at amortized cost, with gains or losses recognized in profit or loss[190].