Daimay(SH:603730)2021-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,203,204,231.18, representing a 32.32% increase compared to ¥1,665,047,892.97 in the same period last year[13]. - The net profit attributable to shareholders of the listed company was ¥301,484,284.46, an increase of 87.56% from ¥160,738,595.33 in the previous year[13]. - The net profit after deducting non-recurring gains and losses was ¥280,115,401.56, up 85.99% from ¥150,607,766.50 in the same period last year[13]. - The basic earnings per share for the first half of 2021 was ¥0.42, a 90.91% increase compared to ¥0.22 in the previous year[14]. - The weighted average return on net assets increased to 7.53%, up by 3.28 percentage points from 4.25% in the same period last year[14]. - The total profit amounted to RMB 36,397,720, reflecting an increase of 86.15% compared to the previous year[38]. - Net profit attributable to shareholders reached RMB 30,148,430, marking a growth of 87.56% year-on-year[38]. - Earnings per share increased to RMB 0.42, up by 90.91% from the same period last year[38]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥5,224,480,409.95, a decrease of 4.76% from ¥5,485,493,387.39 at the end of the previous year[13]. - The net assets attributable to shareholders of the listed company at the end of the reporting period were ¥3,910,008,611.72, a slight increase of 0.40% from ¥3,894,551,647.38 at the end of the previous year[13]. - The company's total liabilities decreased to CNY 1,310,573,948.39 from CNY 1,587,043,549.45, a reduction of about 17.38%[81]. - The total equity attributable to shareholders increased to CNY 3,910,008,611.72 from CNY 3,894,551,647.38, showing a growth of approximately 0.39%[81]. - Cash and cash equivalents were CNY 524,995,646.05, down from CNY 785,672,637.63, a decline of about 33.19%[79]. Cash Flow - The net cash flow from operating activities was ¥76,584,518.55, down 58.78% from ¥185,792,554.33 in the same period last year[13]. - Cash flow from operating activities for the first half of 2021 was ¥2,767,005,768.80, compared to ¥1,760,457,726.83 in the first half of 2020, reflecting a significant increase[93]. - The company reported a cash inflow from operating activities of ¥2,645,139,521.84 from sales of goods and services, compared to ¥1,658,438,065.26 in the first half of 2020[93]. - Cash flow from financing activities resulted in a net outflow of 379,342,238.79 RMB, contrasting with a net inflow of 67,224,983.68 RMB in the previous year[95]. Research and Development - Research and development expenses rose to RMB 83,710,098.10, an increase of 18.75% year-on-year, driven by new product development[39]. - The company has developed a robust R&D team capable of synchronous development, allowing it to meet the fast-paced demands of the automotive industry[31]. - The company has developed a new sun visor light switch structure, which has been patented and widely applied in Volkswagen models, showcasing its commitment to innovation[30]. Market and Industry - In the first half of 2021, global automobile sales reached approximately 40.97 million units, a year-on-year increase of 26%[26]. - Domestic automobile production and sales in China for the first half of 2021 were 12.57 million and 12.89 million units, respectively, representing year-on-year growth of 24.2% and 25.6%[26]. - The global automotive industry faces challenges such as chip supply shortages and rising raw material prices, which may impact future growth[27]. Environmental Responsibility - The company has implemented comprehensive environmental protection measures, including regulations for waste gas, wastewater, noise, and solid waste management[54]. - Wastewater is treated to meet the Grade 1 discharge standards of the "Comprehensive Wastewater Discharge Standards" (GB8978-1996) before being released into municipal sewage systems[55]. - The company has committed to avoiding competition with its controlling shareholders and has established measures to protect shareholder interests[62]. Shareholder Information - The total number of shares increased from 579,532,404 to 724,415,505 after a capital reserve conversion of 144,883,101 shares, representing a 25% increase in share capital[74]. - The top shareholder, Da Mei Investment, holds 408,368,788 shares, accounting for 56.37% of total shares[75]. - The company did not report any changes in the number of restricted shares during the reporting period[74]. Risks and Challenges - The company faces risks related to cyclical fluctuations in the automotive industry, which are closely tied to macroeconomic conditions[46]. - Major raw material price fluctuations pose a risk to production costs, significantly impacting the company's cost management[48]. - Export activities are subject to risks from anti-dumping measures and currency fluctuations, particularly affecting sales to the U.S.[50]. Accounting and Financial Reporting - The financial statements were approved by the board of directors on August 26, 2021, ensuring compliance with regulatory requirements[110]. - The company adheres to accounting standards, ensuring that financial statements accurately reflect its financial position and performance[115]. - The company recognizes revenue when control of goods or services is transferred to the customer, which is when the customer can direct the use and obtain almost all economic benefits[196].