协和电子(605258) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 362,364,551.97, representing a 32.61% increase compared to CNY 273,259,808.40 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was CNY 45,688,660.33, a slight increase of 0.57% from CNY 45,431,903.12 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 42,008,505.30, a decrease of 5.41% from CNY 44,412,086.50 in the same period last year[17]. - The basic earnings per share decreased by 24.58% to CNY 0.5192, compared to CNY 0.6884 in the same period last year[18]. - The weighted average return on net assets was 4.15%, down from 8.98% in the previous year, indicating a decline in profitability[18]. - The company achieved a revenue of 36,236.46 million RMB in the first half of 2021, representing a year-on-year growth of 32.61%, with the main business revenue increasing by 31.18% to 35,495.01 million RMB[35]. - The company reported a revenue of CNY 135.73 million and a profit of CNY 8.21 million for the PCB SMT assembly business[53]. - The company reported a total profit for the first half of 2021 of CNY 39,260,594.50, a decrease of 9.5% from CNY 43,193,346.49 in the same period of 2020[123]. Cash Flow and Investments - The net cash flow from operating activities decreased by 45.81% to CNY 9,496,565.72, down from CNY 17,526,093.31 in the same period last year[17]. - The company reported a net cash flow from investment activities of CNY -189,287,645.01, compared to CNY -44,883,571.52 in the previous year, indicating increased investment outflows[17]. - The company’s operating cash flow decreased by 45.81% to 9,496,565.72 RMB, primarily due to increased raw material inventory and capacity expansion[41]. - The company reported a cash and cash equivalents net decrease of CNY 220,448,684.73 for the first half of 2021, compared to a decrease of CNY 9,952,918.45 in the same period of 2020[126]. - Cash inflow from operating activities totaled CNY 307,562,486.46, an increase of 45.4% compared to CNY 211,565,801.53 in the first half of 2020[125]. - Cash outflow from investment activities totaled CNY 264.36 million, significantly higher than CNY 41.50 million in the first half of 2020, resulting in a net cash outflow of CNY 186.29 million[128]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,370,047,174.55, showing a 0.30% increase from CNY 1,365,939,638.51 at the end of the previous year[17]. - The company reported total current assets of ¥876,737,133.25 as of June 30, 2021, a decrease of 6.0% from ¥932,826,477.59 on December 31, 2020[109]. - The company’s total assets reached ¥1,184,308,247.63, up from ¥1,158,527,354.36, marking a 2.2% increase[116]. - Total liabilities rose to ¥201,518,332.49, compared to ¥166,626,189.82 at the end of the previous period, reflecting a 20.9% increase[116]. - The total liabilities amounted to ¥277,676,439.50, up from ¥264,957,363.97, indicating a growth of approximately 4.5%[111]. Research and Development - The company has established a comprehensive R&D system, holding 6 invention patents and 75 utility model patents, reflecting its commitment to technological innovation[32]. - Research and development expenses increased to ¥17,176,405.50, a 49.5% rise compared to ¥11,457,922.22 in the first half of 2020[118]. Environmental Responsibility - The company has achieved stable operation of its environmental protection facilities, ensuring compliance with emission standards during the reporting period[62]. - The company has obtained ISO14001:2015 environmental management system certification, demonstrating its commitment to environmental protection[62]. - The company has established a comprehensive emergency response plan for environmental incidents and has conducted emergency drills as required[65]. - The company has implemented a self-monitoring plan for environmental indicators, with regular monitoring conducted by qualified third-party units[66]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[67]. Shareholder and Stock Information - The lock-up period for shareholders is set at 36 months from the date of stock issuance, with a subsequent 2-year period for any share reduction at a price not lower than the issuance price[71]. - The company will retain any capital gains from violations of the lock-up commitments by shareholders[72]. - The controlling shareholders have committed to holding their shares for 36 months post-IPO without reduction[79]. - The company plans to implement stock repurchase measures if the stock price falls below the audited net asset value for 20 consecutive trading days[82]. - The company commits to a profit distribution policy that emphasizes reasonable returns to investors while ensuring long-term sustainable development, allowing for cash, stock, or a combination of both as profit distribution methods[88]. Corporate Governance - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal standing[89]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[88]. - The company has not disclosed any major contracts or their performance during the reporting period, indicating no significant contractual obligations[92]. Market Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[120]. - The company continues to focus on the automotive and high-frequency communication sectors, enhancing market share and profitability potential[30].