Champion Asia(SH:603386)2021-08-09 16:00Financial Performance - The company's operating revenue for the first half of 2021 reached ¥1,241,249,291.38, representing a 39.09% increase compared to ¥892,377,909.64 in the same period last year[18]. - Net profit attributable to shareholders of the listed company was ¥115,456,528.20, a significant increase of 207.39% from ¥37,560,782.08 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥102,142,725.70, up 198.96% from ¥34,165,775.85 year-on-year[18]. - The net cash flow from operating activities was ¥81,803,252.80, a remarkable increase of 464.96% compared to ¥14,479,379.81 in the same period last year[18]. - Basic earnings per share increased to CNY 0.52, up 205.88% from CNY 0.17 in the same period last year[19]. - Net profit reached CNY 31.89 million, a year-on-year increase of 371%[19]. - Weighted average return on equity rose to 9.97%, an increase of 6.33 percentage points compared to 3.64% last year[19]. - Revenue and net profit attributable to shareholders increased due to business expansion and product structure optimization[19]. - The company achieved operating revenue of 1.241 billion yuan, a year-on-year increase of 39.09%[45]. - The net profit attributable to shareholders reached 115.46 million yuan, representing a year-on-year growth of 207.39%[41]. Assets and Liabilities - As of the end of the reporting period, the net assets attributable to shareholders of the listed company were ¥1,185,012,542.11, reflecting a 5.83% increase from ¥1,119,771,930.39 at the end of the previous year[18]. - Total assets at the end of the reporting period amounted to ¥3,125,257,673.12, which is a 4.61% increase from ¥2,987,446,948.14 at the end of the previous year[18]. - Cash and cash equivalents decreased by 32.27% to 16,530.94 million RMB, primarily due to a reduction in bank deposit balances[49]. - Accounts receivable financing decreased by 39.37% to 6,311.10 million RMB, mainly due to a decrease in commercial acceptance bills[49]. - Inventory increased by 40.30% to 46,904.12 million RMB, attributed to the expansion of business scale[49]. - Long-term borrowings increased by 35.33% to 19,150.42 million RMB, primarily due to the addition of new long-term loans[51]. - The total liabilities of the company were ¥1,658,877,745.91 for current liabilities and ¥273,775,000.00 for non-current liabilities, totaling approximately ¥1,932,652,745.91[163]. Environmental Management - The company has established an environmental management system to handle pollutants generated during PCB production, including wastewater and waste gas[77]. - The company reported no exceedance of emission standards for major pollutants in its wastewater and waste gas discharges[78]. - The company has implemented solid waste treatment measures, ensuring recyclable waste is processed and reused without external discharge[80]. - The company has established a dedicated team for environmental management, conducting regular inspections of wastewater and air treatment facilities[85]. - The company has obtained environmental impact assessment approvals for multiple projects, including a 245 million square meter PCB project in 2016 and a 240 million square meter high-precision PCB project in 2020[86]. Risk Management - The company has not reported any significant risks that could materially affect its operations during the reporting period[6]. - The company faces risks from fluctuations in raw material prices, with direct raw materials accounting for a significant portion of operating costs, impacting future production stability and profitability[61]. - The company is exposed to risks from intensified market competition, with a low concentration in the global PCB industry and increasing demands for technological advancements and quality improvements[63]. - The company acknowledges potential risks related to macroeconomic fluctuations and their impact on downstream demand in industries such as consumer electronics and automotive electronics[62]. Research and Development - R&D expenses amounted to 59.85 million yuan, accounting for 4.82% of operating revenue[43]. - The company released 11 new patents during the reporting period, including 8 invention patents[43]. - The company is focused on high-tech, high-value-added products, with applications in 5G communication, automotive electronics, and other emerging fields[39]. Corporate Governance - The company guarantees that all information and documents provided for the transaction are true, accurate, and complete, with no false records or misleading statements[104]. - The company has committed to timely disclose relevant information regarding the transaction in accordance with laws and regulations[105]. - The company has not engaged in any business that competes with its subsidiaries and will not seek to invest in competing businesses[116]. - The company will ensure that any business opportunities within its subsidiaries' main business scope will be offered to them first[108]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 13,575[149]. - The largest shareholder, Junya Enterprise Co., Ltd., holds 145,125,000 shares, representing 65.00% of the total shares[151]. - The total number of shares under the stock incentive plan is 1,995,840, with 1,016,240 shares subject to lock-up requirements[148]. - The company has implemented a stock incentive plan with specific lock-up conditions for key executives, including Li Qiang and Li Peng, each with 120,000 shares[153]. Future Outlook - The company plans to focus on expanding its market presence and investing in new product development to drive future growth[169]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its portfolio[190]. - The company has set ambitious performance guidance for the next fiscal year, aiming for continued revenue growth and improved profitability[190].