舒华体育(605299) - 2021 Q2 - 季度财报

Financial Performance - Basic earnings per share for the first half of 2021 was CNY 0.14, a decrease of 6.67% compared to CNY 0.15 in the same period last year[19] - Diluted earnings per share for the first half of 2021 was also CNY 0.14, reflecting a 6.67% decline year-over-year[19] - The company reported a basic earnings per share, excluding non-recurring gains and losses, of CNY 0.12, down 20.00% from CNY 0.15 in the previous year[19] - Basic earnings per share, excluding non-recurring gains and losses, decreased by 20.00% year-on-year, primarily due to a net profit attributable to shareholders, excluding non-recurring gains and losses, which declined by 8.01% compared to the same period last year[20] - Operating revenue for the reporting period was RMB 727,986,279.47, an increase of 18.72% compared to RMB 613,201,118.35 in the same period last year[20] - Net profit attributable to shareholders was RMB 57,859,005.37, reflecting a year-on-year increase of 7.48%[20] - Operating costs rose to 519,883,477.78 CNY, reflecting a 22.28% increase year-over-year[39] - The company reported a significant increase in sales expenses, which rose by 45.24% to 61,844,510.85 CNY[39] - The company reported a total revenue of 1,348.85 million, a decrease of 90.54 million compared to the previous period[55] - The company achieved a revenue of 1,000.00 million from its export business, reflecting a strong performance despite market challenges[55] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 245.08% compared to the same period last year, primarily due to rising raw material prices and increased cash payments for goods and services[19] - Net cash flow from operating activities was negative RMB 94,685,709.94, a decrease of 245.08% compared to RMB 65,263,195.04 in the same period last year[20] - The cash and cash equivalents decreased by 62.17% to 161,134,897.60 CNY due to dividend payments and increased liabilities[43] - The company reported a net cash flow from operating activities of -161,897,946.76 RMB, compared to -53,917,563.20 RMB in the same period last year, indicating a decline in operational performance[142] - The ending balance of cash and cash equivalents was 118,040,128.92 RMB, compared to 59,681,529.41 RMB at the end of the same period last year[142] Assets and Liabilities - Total assets decreased by 10.56% from RMB 2,014,392,796.55 at the end of the previous year to RMB 1,801,724,964.58 at the end of the reporting period[20] - The company's current assets totaled ¥906,387,192.08, down from ¥1,126,508,979.47 at the end of 2020, indicating a decline of approximately 19.5%[122] - Total liabilities decreased to ¥575,025,845.91 from ¥722,127,952.53, reflecting a decline of approximately 20.4%[123] - The total liabilities of the company decreased to ¥468,906,539.11 from ¥639,203,685.07, a decline of 26.6%[128] Research and Development - The company has established a research and development team of over 160 people, with 2 invention patents and 230 utility and design patents as of June 30, 2021[33] - Research and development expenses increased by 13.95%, totaling 15,858,913.89 CNY, indicating a commitment to innovation[39] - Research and development expenses for the first half of 2021 were ¥15,858,913.89, compared to ¥13,916,960.39 in the same period of 2020, indicating an increase of 13.9%[130] Market Position and Strategy - The company has developed over 230 distributors nationwide for fitness equipment sales, ensuring a stable distribution network[25] - The company is the official fitness equipment supplier for the Beijing 2022 Winter Olympics and has provided various professional training equipment for the Chinese sports delegation at the Tokyo Olympics[25] - The company aims to increase the proportion of people regularly participating in sports activities to 38.5% by 2025, as outlined in the national fitness plan[30] - The company plans to focus on six fitness solutions, including family fitness and commercial fitness, to enhance user experience[37] - The company is exploring potential acquisitions to bolster its product offerings and market reach[54] Shareholder and Governance - The company reported related party transactions totaling RMB 67.45 million, which did not exceed the expected total amount for the year[98] - The controlling shareholder, Shuhua Investment, has pledged to avoid any improper benefits from related transactions with Shuhua Sports[78] - The company will adhere to fair and transparent pricing policies in any unavoidable related transactions with Shuhua Sports[79] - The company reported no profit distribution or capital reserve transfer plan for the first half of 2021, with no dividends or bonus shares proposed[67] Environmental and Social Responsibility - The company has maintained a strong focus on environmental protection, complying with relevant laws and regulations, and has passed the ISO 14001:2015 environmental management system certification[70] - The company donated 1 million yuan to support impoverished students through the Jinjiang Charity Association during the reporting period[71] Financial Reporting and Compliance - The report has not been audited, but the management has confirmed the accuracy and completeness of the financial report[7] - The company’s accounting policies comply with the enterprise accounting standards, ensuring accurate financial reporting[162] - The company’s financial statements are prepared on a going concern basis, with no significant doubts about its ability to continue operations[161]