YINGLIU(SH:603308)2021-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 961,012,848.20, representing an increase of 11.42% compared to CNY 862,550,166.84 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 100,796,853.19, up 24.46% from CNY 80,984,411.50 year-on-year[20]. - The net profit after deducting non-recurring gains and losses was CNY 68,136,910.80, an increase of 17.10% compared to CNY 58,184,738.43 in the previous year[20]. - Basic earnings per share for the first half of 2021 were CNY 0.15, down 11.76% from CNY 0.17 in the same period last year[22]. - The weighted average return on net assets increased to 2.61%, up 0.38 percentage points from 2.23% in the previous year[22]. - The company achieved a revenue of 961.01 million yuan in the first half of 2021, representing an increase of 11.42% compared to the same period last year[36]. - Net profit attributable to shareholders reached 100.80 million yuan, a growth of 24.46% year-on-year[36]. - Operating profit for the first half of 2021 was ¥92,587,357.90, up from ¥70,399,445.84 in the first half of 2020, reflecting a growth of 31.0%[116]. - The total comprehensive income attributable to the parent company for the first half of 2021 was CNY 91,226,697.08, compared to CNY 80,857,742.36 in the same period of 2020, marking an increase of approximately 12.5%[118]. Revenue Breakdown - Revenue from aerospace new materials and components was 213.19 million yuan, up 82.41% year-on-year, driven by stable supply of certain engine components[36]. - Revenue from nuclear energy new materials and components was 140.41 million yuan, a slight increase of 2.41% year-on-year, supported by ongoing orders related to national carbon neutrality goals[36]. - Traditional business revenue decreased by 4.02% to 564.37 million yuan, impacted by rising raw material costs and delayed price adjustments[36]. - Domestic revenue increased by 29.04% year-on-year, while export revenue decreased by 8.92% due to ongoing pandemic effects and currency exchange rate fluctuations[36]. Cash Flow and Assets - The net cash flow from operating activities was CNY 10,994,318.09, a significant decrease of 94.98% from CNY 218,810,642.11 in the same period last year[20]. - The total assets at the end of the reporting period were CNY 9,003,291,757.01, reflecting a growth of 9.75% compared to CNY 8,203,381,287.14 at the end of the previous year[20]. - The company's total liabilities include CNY 561,555,000.00 in long-term payables, reflecting a 42.92% increase from the previous year[41]. - The company's accounts receivable increased by 34.99% to CNY 939,026,827.75, primarily due to increased customer receivables from aviation business[41]. - The total assets of the company include CNY 405,790,867.35 in overseas assets, accounting for 4.51% of total assets[42]. Research and Development - Research and development expenses rose by 10.06% to CNY 120,501,118.73 from CNY 109,485,508.94 in the previous year[40]. - Research and development expenses for the first half of 2021 were ¥120,501,118.73, compared to ¥109,485,508.94 in the first half of 2020, reflecting a growth of 10.3%[116]. Environmental Compliance - The company has implemented measures to comply with environmental standards, ensuring that emissions from production processes meet regulatory requirements without exceeding limits[58]. - The wastewater treatment station meets the Class I discharge standards of the "Comprehensive Wastewater Discharge Standards" (GB8978-1996) with all pollutant concentrations compliant and no exceedances reported[61]. - The company has maintained compliance with environmental noise standards, ensuring that operational noise levels do not exceed regulatory limits[58]. - The noise pollution control measures include the installation of shock-absorbing bases and soundproofing equipment, effectively reducing noise levels[63]. - Regular environmental self-monitoring is conducted, with results showing compliance with national standards for emissions and noise pollution[68]. Corporate Governance - The company has not reported any changes in its board of directors or senior management during the reporting period[54]. - The company has not proposed any profit distribution or capital reserve increase plans for the reporting period[54]. - The company has committed to avoiding competition with its controlling shareholders and related parties, ensuring no direct or indirect competition with its main business activities[74]. - The controlling shareholder pledged to conduct any unavoidable related transactions fairly and reasonably, adhering to market rules and protecting the interests of all shareholders[74]. - There were no significant lawsuits or arbitration matters during the reporting period[79]. Shareholder Information - The total number of shares increased from 487,962,086 to 683,146,921 after a capital reserve conversion of 195,184,835 shares, representing a 40% increase in share capital[86]. - The largest shareholder, Huoshan Yingliu Investment Management Co., Ltd., holds 185,824,982 shares, accounting for 27.20% of total shares[89]. - The company has a total of 24,658 common stock shareholders as of the end of the reporting period[91]. Financial Instruments and Accounting Policies - The company adheres to the accounting standards, ensuring that the financial statements accurately reflect its financial position and operating results[168]. - The company employs specific accounting policies for financial instruments, fixed asset depreciation, and revenue recognition[167]. - Financial assets measured at fair value with changes recognized in profit or loss include trading financial liabilities and derivatives, with gains or losses recognized in the current period unless part of a hedging relationship[183]. - The company assesses expected credit losses based on the risk of default, with the loss recognized as the present value of the difference between all contractual cash flows and expected cash flows[191]. Risk Management - The company faces risks from fluctuations in raw material prices, including scrap steel and nickel, which can impact pricing stability and operational performance[50]. - The company exports products primarily in USD, GBP, and EUR, making it susceptible to exchange rate fluctuations that could adversely affect operations[50]. - The company has taken proactive measures to manage the risks associated with the ongoing COVID-19 pandemic, which could impact downstream demand and international operations[50].