AsAc(SH:601890)2021-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2021 reached ¥752,647,009.40, representing a 36.21% increase compared to ¥552,576,720.74 in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2021 was ¥69,120,794.09, a significant increase of 69.72% from ¥40,726,585.15 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥56,665,812.68, compared to ¥32,686,534.75 in the same period last year, marking a 73.36% increase[22]. - The basic earnings per share for the first half of 2021 was ¥0.0720, up 69.41% from ¥0.0425 in the previous year[23]. - The weighted average return on equity increased to 2.24%, up by 0.89 percentage points from the previous year[23]. - The company achieved a sales revenue of 753 million RMB in the first half of 2021, with a total order intake of 58,600 tons, including 49,300 tons of ship anchor chains and 9,300 tons of marine oil platform mooring chains[35]. - The company reported a net profit of Zhenjiang Yaxing increased by 387.79% to ¥5,727,601.01, driven by higher sales volume and revenue growth[53]. Cash Flow and Assets - The net cash flow from operating activities was ¥60,953,027.62, a decrease of 28.25% compared to ¥84,952,825.99 in the same period last year[22]. - Total assets at the end of the reporting period were ¥4,070,543,152.75, a slight increase of 1.06% from ¥4,027,675,969.40 at the end of the previous year[22]. - The total cash inflow from operating activities was CNY 786,530,677.87, compared to CNY 635,347,787.67 in the first half of 2020, indicating a growth of 23.7%[127]. - Cash and cash equivalents at the end of the period reached CNY 1,060,759,074.67, up from CNY 637,632,470.74 at the end of the previous year, reflecting a growth of 66.2%[134]. - The total liabilities amounted to CNY 881,749,372.17, slightly up from CNY 879,581,899.45, showing a marginal increase of around 0.1%[104]. Market Risks - The company has identified market risks related to the shipping and marine engineering industries, which are influenced by cyclical fluctuations in the global economy[7]. - The company exports 30% of its products, making it susceptible to significant impacts from exchange rate fluctuations[9]. - The company faces significant market risks due to the cyclical nature of the shipping and marine engineering industries, influenced by global economic changes and international oil prices[54]. - Approximately 30% of the company's products are exported, exposing it to substantial exchange rate risks, which the company mitigates through forward foreign exchange contracts[54]. - The company has experienced fluctuations in the prices of its main raw materials, such as steel products, which poses a risk to its production operations[54]. Research and Development - Research and development expenses rose by 13.10% to ¥24,677,745.76 from ¥21,819,118.16, reflecting increased investment in R&D projects[39]. - Research and development expenses for the first half of 2021 were CNY 24,677,745.76, compared to CNY 21,819,118.16 in the same period last year, marking an increase of 8.5%[115]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 117,402[90]. - The largest shareholder, Tao Anxiang, held 265,793,716 shares, representing 27.70% of the total shares[90]. - The company has committed to a three-year shareholder return plan for 2021-2023, approved at the annual general meeting[71]. - The company has not distributed dividends or conducted capital reserve transfers during the reporting period[60]. - The company distributed dividends totaling CNY 34,336,624.32, slightly down from CNY 34,395,316.69 in the previous year[134]. Corporate Governance - The company has not faced any significant litigation or arbitration matters during the reporting period[74]. - The company has maintained a good integrity status, with no major debts unpaid or commitments unfulfilled during the reporting period[75]. - The company has not reported any changes in accounting policies or prior period error corrections during this reporting period[156]. Financial Instruments and Accounting Policies - The company applies relevant accounting standards for financial instruments in its financial reporting[193]. - Financial instruments include financial assets, financial liabilities, and equity instruments[195]. - The company recognizes foreign exchange differences as other comprehensive income and separately lists them under equity in the balance sheet[192]. - The company adheres to the Chinese accounting standards and prepares financial statements based on the going concern assumption[169].