WAYS(SH:605218)2021-08-17 16:00Financial Performance - The company's revenue for the first half of 2021 reached ¥590,228,777.78, representing a 26.21% increase compared to ¥467,661,552.59 in the same period last year[19]. - Net profit attributable to shareholders was ¥39,163,717.93, a 3.46% increase from ¥37,853,148.33 year-on-year[19]. - The net cash flow from operating activities increased by 73.50% to ¥43,072,954.67, up from ¥24,825,367.04 in the previous year[19]. - The company's total assets decreased by 2.14% to ¥1,404,794,630.49 compared to ¥1,435,494,699.08 at the end of the previous year[19]. - The net assets attributable to shareholders increased by 1.33% to ¥1,128,181,479.27 from ¥1,113,342,449.85 at the end of the previous year[19]. - Basic earnings per share decreased by 22.40% to ¥0.1840 from ¥0.2371 in the same period last year[20]. - The weighted average return on equity decreased to 3.48%, down from 7.33% year-on-year, a decline of 3.85 percentage points[20]. - The company reported a 17.91% decrease in net profit after deducting non-recurring gains and losses, with ¥31,010,993.39 compared to ¥37,778,944.65 last year[19]. Operational Strategies - The company is focusing on expanding its market presence and enhancing product development capabilities[18]. - The company has implemented new strategies to improve operational efficiency and financial performance[18]. - The company achieved a sales revenue of 458.63 million yuan for backlight display modules in the first half of 2021, representing a year-on-year growth of 26.45% and accounting for 77.70% of total sales revenue[30]. - The company is expanding into the new energy vehicle display sector and has successfully entered the supply chain of domestic and international brand new energy vehicles[30]. - The company maintains stable partnerships with renowned LCD manufacturers such as JDI, Sharp, and LGD, and strengthens collaboration with major automotive suppliers[29]. - The company employs a "sales-driven production" model to ensure product quality and traceability throughout the production process[32]. Research and Development - The company established a research and development team of 372 personnel and holds 60 authorized patents, recognized as a "high-performance automotive display module engineering technology research center"[45]. - The company successfully developed Mini-LED backlight products, with several samples gaining recognition from domestic and international clients, including a key customer order[45]. - Research and development expenses increased by 9.79% to 34.51 million RMB, reflecting the company's commitment to enhancing R&D capabilities[51]. Risk Management - The report includes a risk statement regarding future plans and development strategies, emphasizing the importance of investor awareness of potential risks[4]. - The company faces risks from supply chain disruptions, particularly in the automotive sector, due to tight supply of key components like vehicle chips[63]. - The company is exposed to international trade friction risks, particularly with the ongoing US-China trade tensions, which could indirectly affect sales through major clients[64]. - The company is at risk of losing market share to OLED technology if it becomes more cost-effective and widely adopted in the automotive display sector[67]. - The ongoing COVID-19 pandemic may lead to reduced demand from overseas clients or delays in order fulfillment, impacting overall business performance[66]. Corporate Governance - The board of directors confirmed the accuracy and completeness of the semi-annual report, with no false records or misleading statements[6]. - The report indicates that all board members attended the board meeting, ensuring collective responsibility for the report's content[6]. - The company held two shareholder meetings during the reporting period, complying with legal regulations and ensuring valid voting procedures[78]. - The company appointed a new Chief Financial Officer, replacing the previous one, indicating a change in management[79]. - The company has maintained compliance with environmental regulations and has invested in environmental protection facilities, achieving ISO14001:2015 certification[84]. Shareholder Information - The company reported no profit distribution or capital reserve transfer to share capital during the reporting period[3]. - The company has not disclosed any significant changes in shareholder structure or stock variations during the reporting period[7]. - The total number of ordinary shareholders at the end of the reporting period was 17,524[109]. - The largest shareholder, WATANABE, holds 124,576,382 shares, representing 58.53% of the total shares[111]. - The company reported no significant changes in its share capital structure during the reporting period[108]. Financial Position - The company's total current assets amounted to approximately CNY 949.89 million, a decrease from CNY 1,178.31 million at the end of 2020, reflecting a decline of about 19.4%[123]. - The company's cash and cash equivalents were reported at CNY 297.29 million, slightly increasing from CNY 293.52 million at the end of 2020, indicating a growth of approximately 1.2%[123]. - The company's trading financial assets decreased significantly from CNY 434 million at the end of 2020 to CNY 265 million, representing a decline of about 38.9%[123]. - The company's total assets at the end of the reporting period are CNY 1,128,181,479.27, reflecting a stable asset base[148]. - The total liabilities decreased to CNY 276,613,151.22 from CNY 322,152,249.23, reflecting a reduction of about 14.1%[125]. Compliance and Legal Matters - There are no significant lawsuits or arbitration matters reported during the reporting period, indicating a stable legal standing[100]. - The integrity status of the company and its major stakeholders is good, with no unfulfilled court judgments or significant overdue debts[100]. - The company has committed to not interfere with management activities or misappropriate company interests, ensuring compliance with regulatory requirements[98].