BOMIN ELECTRONICS(SH:603936)2021-08-09 16:00Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥1.646 billion, representing a 26.32% increase compared to ¥1.303 billion in the same period last year[19]. - The net profit attributable to shareholders of the listed company was approximately ¥152.77 million, an increase of 22.12% from ¥125.10 million in the previous year[19]. - The net profit after deducting non-recurring gains and losses was approximately ¥140.67 million, reflecting a 27.25% increase from ¥110.54 million in the same period last year[19]. - The net cash flow from operating activities was approximately ¥72.01 million, a significant recovery from a negative cash flow of ¥73.11 million in the previous year[19]. - Basic earnings per share for the reporting period increased to CNY 0.30, up 7.14% from CNY 0.28 in the same period last year[20]. - The total profit reached CNY 170.81 million, reflecting a growth of 20.61% compared to the previous year[51]. - The company achieved operating revenue of CNY 1,646.11 million, a year-on-year increase of 26.32%[51]. - The company reported a total comprehensive income of ¥151,240,153.59 for the first half of 2021, compared to ¥127,941,206.35 in the previous year, indicating a growth of 18.2%[141]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥6.099 billion, a 9.61% increase from ¥5.564 billion at the end of the previous year[19]. - The total liabilities reached CNY 2,549,851,514.61, compared to CNY 2,062,213,808.96, showing an increase of approximately 23.7%[134]. - The company's total assets included overseas assets of 308,735,029.93, accounting for 5.06% of total assets[56]. - The total equity attributable to shareholders increased to CNY 3,538,834,107.43 from CNY 3,501,542,419.85, showing a growth of approximately 1.1%[135]. - The company's retained earnings rose to CNY 1,049,590,462.81 from CNY 927,136,283.61, reflecting an increase of about 13.2%[134]. Cash Flow - The net cash flow from financing activities was positive at ¥30,172,622.34, although lower than ¥75,623,757.32 in the same period last year, indicating reduced financing activities[151]. - The ending cash and cash equivalents balance was ¥142,399,973.12, down from ¥166,017,006.49 at the end of the first half of 2020, showing a decrease in liquidity[151]. - The net cash flow from operating activities for the first half of 2021 was ¥99,293,329.57, a significant increase from ¥7,959,672.76 in the same period of 2020, reflecting improved operational efficiency[151]. Research and Development - The company has completed 30 major R&D projects, resulting in proprietary core technologies in high-end products such as HDI boards and flexible boards[38]. - The company has developed 78 core products in fields such as 100G/200G optical modules and automotive electronics, and has applied for 14 patents during the reporting period[39]. - Research and development expenses for the first half of 2021 were ¥64,646,189.90, up 29.9% from ¥49,777,325.97 in the same period of 2020[140]. Market and Industry Trends - The PCB industry is experiencing a shift towards high-density, small aperture, and lightweight products, with the market concentration increasing due to the impact of the pandemic and rising raw material costs[34]. - The global PCB industry value reached $65.219 billion in 2020, with China's PCB production value at $35.009 billion, both showing a year-on-year growth of 6.4%[35]. - The projected compound annual growth rate (CAGR) for the global PCB industry from 2020 to 2025 is about 5.8%[62]. Environmental Compliance - The company is listed as a key pollutant discharge unit by the Meizhou Ecological Environment Bureau, with wastewater and waste gas emissions meeting the required standards[72]. - The company has established comprehensive environmental risk prevention measures and emergency response plans for potential environmental incidents[92]. - The company has implemented measures to reduce carbon emissions, including replacing high-energy-consuming motors and utilizing waste heat for production processes[97]. Corporate Governance - The company plans to strictly adhere to regulations regarding related party transactions and external guarantees post-transaction completion[105]. - The company has committed to compensating any losses incurred by shareholders due to violations of its commitments[106]. - The company has established strict guidelines for related party transactions to ensure compliance with relevant laws and protect shareholder interests[110]. Shareholder Information - The total number of ordinary shareholders reached 35,418 by the end of the reporting period[122]. - The top ten shareholders held a total of 15.83% of shares, with Xu Huan holding 80,881,419 shares[124]. - The company voluntarily extended the lock-up period for 6,000,000 shares held by Qiongqing City Haoxiang until September 30, 2021[121].