Tederic(SH:603289)2021-07-29 16:00Financial Performance - The company reported a total revenue of RMB 1.5 billion for the first half of 2021, representing a year-on-year increase of 20%[1]. - The net profit attributable to shareholders reached RMB 300 million, up 15% compared to the same period last year[1]. - The company's operating revenue for the first half of 2021 reached approximately ¥570.97 million, representing a 69.26% increase compared to ¥337.33 million in the same period last year[24]. - Net profit attributable to shareholders for the first half of 2021 was approximately ¥86.15 million, a significant increase of 141.38% from ¥35.69 million in the previous year[24]. - The basic earnings per share for the first half of 2021 was ¥0.31, up 121.43% from ¥0.14 in the same period last year[23]. - The overall gross margin improved to 31.41%, an increase of 3.56 percentage points year-on-year, with gross profit amounting to 179.35 million yuan, a rise of 90.88%[55]. - The company reported a total profit of RMB 96,258,324.31 for the first half of 2021, up 133.4% from RMB 41,164,609.95 in the same period of 2020[172]. - Total comprehensive income for the first half of 2021 was RMB 85,859,505.05, compared to RMB 33,406,946.69 in the first half of 2020, marking a growth of 157.5%[173]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2022[1]. - The company aims to enhance its competitiveness in both domestic and international markets by focusing on high-end product specifications[34]. - The company is expanding its market presence in Asia, targeting a 25% increase in market share by the end of 2024[127]. - The company has a comprehensive marketing network with subsidiaries in Portugal, Mexico, South Korea, and Brazil, covering 38 countries globally[50]. Research and Development - The company has allocated RMB 200 million for research and development in new technologies, focusing on IoT integration[1]. - Research and development investments increased by 30%, focusing on innovative technologies to enhance product offerings[127]. - The company has established a strong R&D team and collaborates with universities and research institutions to enhance its technological innovation capabilities[49]. - The company is committed to advancing automation and information technology in the plastic processing industry, aligning with China's "Made in 2025" strategy[28]. Product Development and Innovation - New product development includes the launch of a next-generation injection molding machine, expected to increase production efficiency by 40%[1]. - The newly launched NEO series high-end injection molding machines were introduced at the CHINAPLAS 2021 exhibition, marking a significant innovation in the company's product offerings[29]. - The company emphasizes precision, energy efficiency, speed, stability, and environmental protection in its product development, particularly in large and super-large injection molding machines[46]. - The company’s innovative CellSure® micro-foaming technology allows for a weight reduction of 12%-20% in plastic products while increasing mechanical strength by over two times[79]. Financial Stability and Governance - The company maintains a strong cash position with RMB 500 million in cash reserves, ensuring financial stability for upcoming projects[1]. - The company has no significant litigation or arbitration matters pending, ensuring a stable operational environment[130]. - There were no non-operating fund occupations by major shareholders during the reporting period, indicating strong financial governance[129]. - The company has committed to not engaging in any competitive activities that may conflict with its core business operations for the next 36 months[128]. Risks and Challenges - The board has identified potential risks related to supply chain disruptions, which may impact production timelines[1]. - The company faces risks from downstream industry fluctuations that could negatively impact operational performance due to its reliance on sectors like plastic construction materials and automotive parts[96]. - The company’s export revenue accounts for approximately 30%-40% of total revenue, exposing it to international trade risks, including anti-dumping measures[97]. - The COVID-19 pandemic has had a systemic impact on the company's production and sales, with potential risks of performance decline if the situation worsens[101]. Shareholder and Stock Information - The company has not proposed any profit distribution or capital reserve increase for the half-year period[109]. - The company plans to reduce stock holdings by no more than 20.4 million shares, which is 10% of the total share capital after the IPO, within two years post-lockup period[119]. - The company will ensure compliance with all relevant laws and regulations regarding stock reduction methods, including but not limited to centralized bidding and block trading[119]. - The company has established a commitment to disclose any share reduction intentions three trading days in advance[120].