鸿远电子(603267) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥1,250,983,058.19, representing an increase of 80.56% compared to ¥692,838,559.74 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥454,393,303.17, a significant increase of 121.25% from ¥205,379,829.07 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥448,165,742.67, up 125.45% from ¥198,789,954.66 year-on-year[20]. - Basic earnings per share increased to CNY 1.96, up 120.22% from CNY 0.89 in the same period last year[21]. - Net profit attributable to shareholders grew by 121.25% year-on-year, contributing to the rise in earnings per share and return on equity[21]. - The weighted average return on equity reached 16.30%, an increase of 6.92 percentage points compared to 9.38% in the previous year[21]. - The company reported a net cash outflow from operating activities of ¥17,022,066.96, compared to a net inflow of ¥13,204,029.38 in the previous year[83]. - The company’s financial expenses turned into a cost of ¥1,688,260.45, contrasting with a net income of ¥6,382,428.91 in the previous year[80]. - The company reported a significant increase in retained earnings, which reached ¥1,390,147,147.12, compared to ¥1,001,082,033.78, reflecting a growth of 38.8%[194]. Assets and Liabilities - Total assets increased by 18.24% to ¥3,731,909,380.44 from ¥3,156,091,286.66 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company at the end of the reporting period were ¥2,923,462,733.32, an increase of 12.98% from ¥2,587,698,022.63 at the end of the previous year[20]. - Accounts receivable increased by 68.90% to ¥1,512,528,737.15, representing 40.53% of total assets, primarily due to significant growth in both self-operated and agency business revenues[84]. - Inventory rose by 27.15% to ¥272,899,130.57, accounting for 7.31% of total assets, driven by increased production scale and the launch of new production lines[84]. - Short-term borrowings increased by 71.33% to ¥226,160,000.00, representing 6.06% of total liabilities, to meet the liquidity needs arising from business growth[84]. - Total liabilities increased to ¥808,446,647.12 from ¥568,393,264.03, reflecting a growth of about 42.3%[187]. - Current liabilities rose to ¥777,010,652.26, compared to ¥544,089,847.91, reflecting an increase of about 42.8%[187]. Research and Development - The company increased its R&D investment by 68.88% during the reporting period, enhancing its technical reserves[66]. - The company has established a comprehensive R&D system, including a technology R&D center and multiple joint laboratories[44]. - Research and development expenses for the first half of 2021 were ¥24,444,042.34, which is a 68.9% increase from ¥14,474,191.12 in the previous year[200]. - The company has developed a series of new products, including high-power RF microwave multilayer ceramic capacitors, which have begun small-batch supply[66]. Market Position and Demand - The global demand for MLCC is projected to grow to 4,842 billion units in 2021, reflecting a year-on-year increase of 10.2%[35]. - The domestic MLCC market demand is expected to reach 3,851 billion units in 2021, with a market size of CNY 60.91 billion[36]. - The company maintains a strong position in the high-reliability MLCC market, being one of the main manufacturers in China[37]. - The company focuses on high-end applications in aerospace, aviation, and smart grids, ensuring product reliability and quality[27]. Shareholder and Stock Information - The company distributed cash dividends of RMB 3.70 per 10 shares, totaling RMB 85,646,120, which accounts for 17.62% of the net profit attributable to shareholders in 2020[76]. - The company implemented its first restricted stock incentive plan, granting 928,000 shares at a price of RMB 61.34 per share, with performance targets set for revenue growth rates of at least 30%, 69%, and 120% over three years[74]. - The company has committed to not transferring or managing its shares for 36 months following the public offering[127]. - Major shareholders, including actual controllers, commit to not reducing their holdings by more than 10% in the first year and 10% in the second year after the lock-up period, totaling a maximum of 20%[136]. - The company will implement stock price stabilization measures if the stock price reaches specified conditions within three years post-IPO, including potential stock buybacks[136]. Environmental Compliance - The company has not faced any administrative penalties due to environmental issues during the reporting period[120]. - The company’s wastewater discharge is compliant with the Beijing water pollution discharge standards[120]. - The company’s noise levels during production are below the applicable standards set by GB12348-2008[121]. - The company’s emissions of air pollutants are below local and industry standards as verified by third-party testing[122]. Related Party Transactions - The company has committed to avoiding and minimizing related party transactions with shareholders or entities controlled by shareholders[139]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[142]. - The company has not provided any guarantees to shareholders, actual controllers, or their related parties[148]. - The company has not disclosed any significant related party transactions during the reporting period[145].