SHBT(SH:603009)2021-07-29 16:00Financial Performance - The company achieved operating revenue of 884 million yuan, an increase of 284 million yuan compared to the previous year, representing a year-on-year growth of 47.25%[20]. - Basic earnings per share reached 0.1143 yuan, a significant increase from a loss of 0.0061 yuan in the same period last year, marking a growth of 1,973.77%[20]. - The weighted average return on net assets increased to 2.73%, up by 2.87 percentage points from -0.14% in the previous year[20]. - The company reported a basic earnings per share after deducting non-recurring gains and losses of 0.1045 yuan, compared to 0.0035 yuan in the same period last year, reflecting a growth of 2,885.71%[20]. - The weighted average return on net assets after deducting non-recurring gains and losses was 2.50%, an increase of 2.42 percentage points from 0.08% in the previous year[20]. - Net profit attributable to shareholders was 41 million RMB, a significant increase of 1,964.21% compared to a loss of 2.2 million RMB in the same period last year[21]. - The net profit excluding non-recurring gains and losses was 37.5 million RMB, up 2,919.23% from 1.2 million RMB in the previous year[21]. - The operating cash flow decreased by 23.12% to 88.8 million RMB compared to 115.5 million RMB in the same period last year[21]. - Total assets decreased by 0.73% to 3.26 billion RMB from 3.28 billion RMB at the end of the previous year[21]. Revenue Breakdown - The chassis division achieved revenue of 475 million RMB, a year-on-year increase of 44.82% due to the overall recovery of the automotive market and new product mass production[21]. - The automotive air conditioning compressor division reported revenue of 368 million RMB, up 35.42% year-on-year, contributing to significant growth across all business segments[21]. - The high-precision components division saw a substantial revenue increase of 476.4%, reaching 41 million RMB, as multiple projects began mass production[21]. - The sales volume of steering components reached 14.32 million units, generating a main revenue of 255 million yuan, up 50.59% year-on-year; shock absorber components sold 20.92 million units, with a main revenue of 210 million yuan, an increase of 33.34%[51]. - The air conditioning compressor business sold 990,900 units, with a main revenue of 363 million yuan, reflecting a growth of 35.54% year-on-year[51]. Risk Management and Compliance - The report indicates that the company has detailed descriptions of potential risks in the section discussing future development[6]. - The company has established a multi-tiered supply chain system, serving as a first-tier supplier for major automotive manufacturers[35]. - The company faces risks from macroeconomic fluctuations, significant changes in the automotive industry, and potential supply chain pressures due to chip shortages[68]. - The company has established environmental protection systems, including heavy metal wastewater treatment and exhaust gas collection systems, to comply with relevant standards[77]. - The company received administrative penalties totaling RMB 250,000 from the Chongqing Environmental Protection Bureau for environmental issues[76]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period is 27,664[107]. - The number of restricted shares held by the top shareholder, Jin Xiaotang, was 10,367,577, which was fully released during the reporting period[106]. - The largest shareholder, Jin Kun, reduced his holdings by 7,174,500 shares, bringing his total to 106,884,100 shares, which represents 29.80% of the total shares[115]. - Jin Xiaotang holds 27,748,755 shares, accounting for 7.74% of the total shares, with no change in his holdings[115]. - The top ten unrestricted shareholders collectively hold 169,000,000 shares, with Jin Kun and Jin Xiaotang being the most significant contributors[111]. Environmental Compliance - The company adheres to the "Special Emission Limits for Water Pollutants" as per GB21900-2008, with total chromium not exceeding 0.5 mg/L and hexavalent chromium not exceeding 0.1 mg/L[78]. - The company complies with the "Comprehensive Emission Standards for Air Pollutants" with particulate matter emissions not exceeding 30 mg/m³ and a discharge rate not exceeding 1.5 kg/h for shot blasting processes[79]. - The company’s hazardous waste storage and disposal follow the GB18597-2001 standards, ensuring environmental safety[79]. - The company’s daytime noise emissions are maintained at or below 55 dB(A) and nighttime emissions at or below 45 dB(A) as per GB12348-2008[79]. Financial Position and Assets - The total assets of Changchun Beite Automotive Parts Co., Ltd. reached RMB 137.67 million, with net assets of RMB 73.03 million at the end of the reporting period[65]. - Tianjin Beite Automotive Parts Co., Ltd. reported total assets of RMB 249.49 million and net assets of RMB 91.80 million at the end of the reporting period[66]. - Chongqing Beite Technology Co., Ltd. had total assets of RMB 224.30 million, but reported negative net assets of RMB 1.34 million at the end of the reporting period[66]. - Shanghai Guangyu Automotive Air Conditioning Compressor Co., Ltd. had total assets of RMB 872.88 million and net assets of RMB 296.58 million at the end of the reporting period[67]. Corporate Governance - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital during this reporting period[4]. - The company has not violated any decision-making procedures for providing guarantees to external parties[6]. - The company has not disclosed any additional environmental information during the reporting period, indicating a focus on existing compliance measures[80]. - The company has received a regulatory warning from the Shanghai Stock Exchange regarding compliance issues involving its major shareholders and executives[92]. Research and Development - The company has accumulated nearly 50 patents and developed 8 new product series in the air conditioning compressor sector, with the fourth generation electric compressor now completed[49]. - The company has a talent pool of 268 R&D personnel, including 45 senior engineers with over 10 years of experience in the automotive industry[50]. - Research and development expenses increased by 12.53% to ¥34,402,469.11, reflecting the company's commitment to new project expansions[58]. Cash Flow and Financing - The net cash flow from operating activities decreased by 23.12% to ¥88,825,576.59, primarily due to increased payments to suppliers in response to rising raw material prices[58]. - The net cash flow from financing activities improved significantly, decreasing outflows by 78.25% to -¥17,499,434.28, as the company optimized cash flow and financing structure[58]. - Cash inflow from financing activities was RMB 163,219,937.54, down 53.2% from RMB 348,908,611.80 in the first half of 2020[137]. Accounting Policies - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position and performance[174]. - The accounting period for the company runs from January 1 to December 31 each year[175]. - The company's accounting currency is Renminbi (RMB)[177].