Flying Technology(SH:603488)2021-08-26 16:00Financial Performance - Basic earnings per share for the first half of 2021 was CNY 0.13, a decrease of 7.14% compared to CNY 0.14 in the same period last year[18]. - Diluted earnings per share for the first half of 2021 was also CNY 0.13, reflecting a 7.14% decline year-over-year[18]. - The weighted average return on net assets decreased by 0.54 percentage points to 4.01% from 4.55% in the previous year[18]. - The return on net assets after deducting non-recurring gains and losses increased by 0.22 percentage points to 3.13% compared to 2.91% in the same period last year[18]. - The basic earnings per share after deducting non-recurring gains and losses was CNY 0.10, an increase of 11.11% from CNY 0.09 in the same period last year[18]. - The company's operating revenue for the first half of the year reached ¥213,059,285.21, representing a 35.10% increase compared to ¥157,700,550.31 in the same period last year[19]. - Net profit attributable to shareholders decreased by 7.47% to ¥38,186,129.47 from ¥41,270,715.12 year-on-year[19]. - The net profit excluding non-recurring gains and losses increased by 13.04% to ¥29,823,029.97 from ¥26,381,984.54 in the previous year[19]. - The total profit for the first half of 2021 was CNY 45,168,909.82, compared to CNY 49,876,912.56 in the same period of 2020, indicating a decrease of 9.5%[104]. Cash Flow and Liquidity - The net cash flow from operating activities rose by 17.40% to ¥30,551,061.90 compared to ¥26,022,530.22 in the same period last year[19]. - The company’s cash and cash equivalents decreased by 51.10% year-on-year to ¥163,046,709.94, attributed to investments in financial products[50]. - Cash and cash equivalents decreased to ¥159,154,891.27 as of June 30, 2021, from ¥330,279,000.43 at the end of 2020, indicating a liquidity contraction[99]. - The company reported a net cash decrease of CNY 171,676,340.26 for the first half of 2021, an improvement from -CNY 294,370,662.98 in the same period of 2020[112]. - The cash inflow from sales of goods and services was CNY 215,398,987.79, up from CNY 157,906,230.20 in the first half of 2020, reflecting a growth of 36.4%[111]. Assets and Liabilities - Total assets increased by 4.71% to ¥1,139,728,550.75 from ¥1,088,461,512.51 at the end of the previous year[19]. - The company's total liabilities as of June 30, 2021, were ¥168,469,482.23, compared to ¥154,965,717.68 at the end of 2020, indicating an increase in liabilities[96]. - The total equity attributable to shareholders increased to ¥971,259,068.52 from ¥933,495,794.83, reflecting a growth of approximately 4%[96]. - The company’s accounts receivable increased to ¥152,221,730.14 from ¥135,785,695.80, showing a growth of approximately 12.5%[94]. - The company’s inventory rose to ¥62,166,129.77, up from ¥47,223,126.98, representing a growth of approximately 31.7%[94]. Research and Development - The company has developed advanced technologies such as VVVF variable frequency control and has obtained 64 patents and 12 software copyrights[36]. - Research and development expenses grew by 15.87% year-on-year, reaching ¥6,965,448.03 as the company intensified product development efforts[48]. - The company's research and development expenses for the first half of 2021 were CNY 6,965,448.03, compared to CNY 6,011,636.06 in the same period of 2020, showing an increase of 15.9%[106]. Market Presence and Strategy - The company focuses on the research, production, and sales of elevator door systems, integrated control systems, and related components, establishing a diversified product system[22]. - The company has established nine marketing service outlets in key markets to enhance customer support and brand promotion[32]. - The company has launched new products including low-voltage permanent magnet motor door systems and the 06 type side-opening door system, receiving positive market feedback[44]. - The company has implemented a sales strategy focusing on "highlighting advantages and integrating resources," leading to substantial progress in market expansion[43]. Corporate Governance and Compliance - The company reported no non-operating fund occupation by controlling shareholders and their related parties[5]. - The company has not violated decision-making procedures for external guarantees[5]. - The company received a disciplinary notice from the Shanghai Stock Exchange on June 17, 2021, due to violations in information disclosure related to a major asset restructuring[75]. - The company has committed to actively rectify the issues pointed out in the disciplinary notice, enhancing corporate governance and internal control measures[76]. - The company has not faced any environmental penalties during the reporting period and has complied with environmental regulations[64]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 12,946[82]. - The largest shareholder, Jin Peirong, held 38,718,400 shares, representing 13.24% of the total shares, with 19,289,620 shares pledged[84]. - The company reported no profit distribution or capital reserve transfer plans for the half-year period, with 0 shares for bonus shares and 0 yuan for dividends per 10 shares[60]. Environmental Initiatives - The company has installed solar photovoltaic facilities, effectively reducing carbon emissions while supplying excess electricity to the national grid[66]. - The company has transitioned from fuel-powered forklifts to electric ones, further decreasing fuel consumption[66].