WXHS(SH:603090)2021-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥254,065,480.67, representing a 56.28% increase compared to ¥162,575,718.32 in the same period last year[19]. - The net profit attributable to shareholders of the listed company decreased by 38.80% to ¥7,735,901.96 from ¥12,639,391.38 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 50.63% to ¥5,834,780.07 compared to ¥11,818,280.57 in the same period last year[19]. - The net cash flow from operating activities significantly decreased by 99.63% to ¥56,789.04 from ¥15,529,244.23 in the previous year[19]. - The basic earnings per share decreased by 38.46% to CNY 0.08 compared to the same period last year[20]. - The company reported a net profit margin improvement, with retained earnings increasing to CNY 159,588,644.31 from CNY 151,852,742.35, a rise of approximately 5.1%[95]. - The total comprehensive income for the first half of 2021 was ¥7,622,394.93, compared to ¥13,385,560.98 in the previous year, indicating a decline of 43.0%[102]. Assets and Liabilities - Total assets at the end of the reporting period rose by 7.60% to ¥751,141,529.90 from ¥698,100,946.40 at the end of the previous year[19]. - The company’s total equity increased to CNY 520,274,339.06 from CNY 509,122,683.74, marking a rise of about 2.3%[95]. - Current liabilities rose to CNY 225,390,445.45, compared to CNY 183,357,929.11, reflecting an increase of about 23%[95]. - Total liabilities reached CNY 230,867,190.84, up from CNY 188,978,262.66, indicating a growth of approximately 22.1%[95]. Cash Flow - The company reported a net cash flow from operating activities of CNY 5.68 million, a significant decline of 99.63%[39]. - Cash inflow from investment activities was CNY 252,207,023.91 in the first half of 2021, compared to CNY 219,994,564.12 in the first half of 2020, marking a 14.5% increase[108]. - Cash outflow from investment activities totaled CNY 264,052,303.76 in the first half of 2021, up from CNY 168,964,783.19 in the same period of 2020, indicating a 56.3% increase[108]. - The ending cash and cash equivalents balance for the first half of 2021 was CNY 106,109,804.11, compared to CNY 86,579,378.44 at the end of the first half of 2020, representing a 22.5% increase[108]. Research and Development - Research and development expenses rose by 17.58% to CNY 11.84 million, reflecting the company's commitment to innovation[40]. - Research and development expenses increased to ¥11,840,768.49, compared to ¥10,070,100.60 in the previous year, reflecting a growth of 17.6%[101]. Shareholder Information - The company held a shareholder meeting on June 28, 2021, where several resolutions were passed, including the election of new board members and the approval of financial reports[59]. - The total number of ordinary shareholders at the end of the reporting period was 9,389[83]. - The top shareholder, Niu Yuxia, holds 54,675,000 shares, representing 54.68% of the total shares[85]. Environmental Commitment - The company reported specific emissions data, including particulate matter emissions of 0.118 tons per year and VOCs emissions of 0.1669 tons per year[62]. - The company is committed to environmental monitoring, conducting monthly water quality tests and semi-annual air quality assessments to ensure compliance with standards[65]. Governance and Compliance - The company has not faced any administrative penalties related to environmental issues during the reporting period[62]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period, indicating strong financial governance[72]. - The company has committed to comply with market principles in all transactions with related parties, ensuring fairness and transparency[71]. Financial Instruments and Accounting Policies - The company recognizes expected liabilities when there is a present obligation that is likely to result in an outflow of economic benefits[196]. - Financial assets and liabilities are initially measured at fair value, with transaction costs recognized in profit or loss for certain categories[147]. - The company uses the effective interest method for subsequent measurement of financial assets measured at amortized cost[148]. Strategic Initiatives - The company is actively communicating with clients to enhance product pricing and improve profitability amid rising costs[38]. - The company emphasizes the need for continuous investment in technology research and development to maintain competitive advantages in product performance, quality, and pricing[52].