JSSMDL(SH:603530)2021-08-23 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥329,764,966.12, representing a year-on-year increase of 14.97% compared to ¥286,839,032.25 in the same period last year[19]. - The net profit attributable to shareholders of the listed company decreased by 23.82% to ¥43,390,666.65 from ¥56,955,480.21 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥40,831,633.60, down 25.07% from ¥54,490,580.45 in the same period last year[19]. - Basic earnings per share for the reporting period were ¥0.11, down 21.43% from ¥0.14 in the same period last year[19]. - The company reported a total comprehensive income of approximately ¥44.78 million for the first half of 2021, down 21.38% from ¥56.99 million in the same period of 2020[148]. - The total comprehensive income for the period was approximately ¥56,955,480.21[189]. Cash Flow and Assets - The company's cash flow from operating activities was ¥29,755,314.63, a significant improvement from a negative cash flow of -¥1,866,095.84 in the previous year[19]. - The company's net cash flow from operating activities increased to 29.7553 million yuan, up 3,162.14 million yuan from the same period last year, primarily due to increased collection of receivables and export tax refunds[23]. - Cash generated from operating activities was approximately ¥29.76 million, compared to a cash outflow of ¥1.87 million in the first half of 2020[154]. - The total assets of the company as of June 30, 2021, were ¥1,392,825,392.95, a slight increase from ¥1,379,980,029.69[124]. - Total current assets amounted to ¥797,152,755.26, a decrease of 2.6% from ¥814,206,810.02 on December 31, 2020[119]. - Cash and cash equivalents increased to ¥246,177,932.70 from ¥226,801,512.75, reflecting an increase of 16.2%[119]. - Total liabilities increased to ¥283,427,944.80 from ¥261,967,464.49, marking an increase of 8.5%[124]. Expenses and Costs - Operating costs increased by 27.67% due to rising raw material prices[51]. - Sales expenses increased by 22.73% year-on-year as the company accelerated its global market layout and completed sales coverage for global grid customers[23]. - R&D expenses rose by 20.73% year-on-year due to increased investment in personnel and software/hardware[23]. - Management expenses increased by 38.99% year-on-year, attributed to the completion of the smart factory project and increased asset depreciation[23]. - Research and development expenses for the first half of 2021 amounted to ¥12,859,382.83, an increase of 20.6% from ¥10,651,393.75 in the previous year[134]. Market Position and Strategy - The company is positioned in the electrical machinery manufacturing industry, closely linked to national infrastructure development, with a focus on composite insulation products for power systems[30][31]. - The company aims to replace traditional ceramic and glass materials with composite insulation products, despite facing rising raw material costs[22]. - The company has committed to enhancing its global market presence and expanding its product offerings in response to increasing demand in the energy sector[30][31]. - The company is actively involved in the development of new products and solutions to address existing and sustainable development challenges in the power industry[32]. Intellectual Property and Innovation - The company holds 308 domestic patents and 50 foreign patents, demonstrating its strong R&D capabilities[40]. - The company added 43 new authorized patents during the reporting period, including 41 domestic and 2 foreign patents[48]. - The company has established a competitive advantage through technology innovation and product performance, ensuring high reliability and safety in power system operations[32][34]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,423[106]. - Shanghai Shima Power Holding Co., Ltd. holds 67.49% of the company's shares, making it the controlling shareholder[111]. - The top ten shareholders include Chen Xiaoqin with 22.50% of shares and other individual shareholders with minor stakes[110]. Compliance and Governance - The company maintains a good integrity status, with no records of failing to fulfill court judgments or significant debts due[94]. - There are no significant lawsuits or arbitration matters during the reporting period[94]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[92]. - The company has adhered to commitments related to shareholding intentions and reductions as outlined in its IPO prospectus[83][84].