Worldia(SH:688028)2021-08-10 16:00Dividend Distribution - The company plans to distribute a cash dividend of 2.8 yuan per 10 shares, totaling approximately 22.4 million yuan, which accounts for 72.99% of the net profit attributable to shareholders for the first half of 2021[7]. - The total share capital for the dividend distribution is estimated at 80 million shares, with the actual amount to be confirmed on the dividend record date[7]. - The board of directors has approved the profit distribution plan, which will be subject to shareholder approval at the upcoming general meeting[7]. - The company does not plan to increase share capital from capital reserves or issue bonus shares[110]. - The company's board of directors and supervisory board have approved the profit distribution plan, pending approval from the shareholders' meeting[111]. Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥150.34 million, representing a 41.70% increase compared to ¥106.10 million in the same period last year[24]. - Net profit attributable to shareholders for the first half of 2021 was approximately ¥30.69 million, a 14.42% increase from ¥26.82 million in the previous year[24]. - The basic earnings per share for the first half of 2021 was ¥0.38, up 11.76% from ¥0.34 in the same period last year[22]. - The weighted average return on equity increased by 0.47 percentage points to 3.55% compared to the previous year[22]. - The net profit after deducting non-recurring gains and losses was approximately ¥29.34 million, a 16.17% increase from ¥25.25 million in the previous year[24]. - The total assets at the end of the reporting period were approximately ¥910.85 million, a 1.42% increase from ¥898.12 million at the end of the previous year[24]. - The company’s net assets attributable to shareholders increased by 1.74% to approximately ¥858.61 million compared to ¥843.90 million at the end of the previous year[24]. - The company reported a total revenue of 28,790,000.00 RMB for the period, with a net profit of 12,528,355.50 RMB, indicating a strong financial performance[67]. Research and Development - The company's R&D expenses increased by 44.16% compared to the previous year, with R&D investment accounting for 7.33% of operating revenue[25]. - The company has achieved a 44.16% increase in R&D expenditures, totaling ¥11,014,236.60 compared to ¥7,640,509.51 in the previous period[55]. - R&D expenditures accounted for 7.33% of total revenue, reflecting a slight increase of 0.13 percentage points from the previous year[55]. - The company has filed for 23 new patents during the reporting period, bringing the total to 218 patents[51]. - The company is committed to continuous R&D investment to enhance product technology and maintain its competitive edge in the market[82]. Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new product development to meet increasing demand in the consumer electronics and automotive industries[23]. - The company aims to achieve large-scale production of new products and technologies, focusing on photovoltaic glass cutting and aerospace tool development for rapid market penetration[79]. - The company is focusing on expanding its market presence both domestically and internationally, aiming to build a globally competitive brand[73]. - The company plans to establish a European subsidiary to expand its market share, particularly in the electric vehicle sector, and is recruiting top talent from leading tool companies[78]. - The company is targeting market expansion in sectors requiring specialized processing tools, particularly in aerospace and automotive industries[63]. Operational Risks and Governance - The company has outlined various operational risks and corresponding mitigation measures in the report[5]. - The report emphasizes the importance of understanding the differences between plans, forecasts, and commitments, highlighting investment risks[8]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[9]. - There are no violations of decision-making procedures regarding external guarantees[9]. - The company has not disclosed any special arrangements for corporate governance[9]. Environmental and Compliance - The company has obtained ISO 14001:2015 environmental management system certification, covering the design, production, and sales of synthetic diamond tools[115]. - No environmental pollution incidents occurred during the reporting period, and the company did not receive any administrative penalties related to environmental protection[116]. - The company has implemented measures to enhance its environmental standards, including the purchase of dust purification equipment and coolant purification systems[115]. - The company strictly adheres to environmental laws and regulations, obtaining necessary production qualifications and discharge permits[115]. Shareholder and Ownership Structure - The company held a total of two shareholder meetings during the reporting period, with all resolutions passed[104]. - The company appointed new directors and supervisors during the shareholder meeting held on February 5, 2021, following the expiration of the previous board's term[107]. - The largest shareholder, Chen Jifeng, holds 38,196,240 shares, accounting for 47.75% of total shares[159]. - The second-largest shareholder, Yang Nuo, holds 1,427,940 shares, representing 1.78% of total shares[159]. - The total number of shareholders at the end of the reporting period is not specified, but the report indicates significant changes in shareholding structure[158]. Cash Flow and Investments - The net cash flow from operating activities decreased by 8.52% to approximately ¥24.81 million, down from ¥27.12 million in the same period last year[25]. - The company's cash and cash equivalents decreased by 7.73% to ¥388,352,270.98, primarily due to capital expenditures for equipment and project payments[92]. - Inventory increased by 33.87% to ¥83,509,335.89, driven by proactive procurement in response to industry capacity constraints[94]. - The company has a plan to temporarily use idle raised funds for cash management, ensuring no impact on project progress[148]. - The company has approved the use of part of the raised funds for cash management, with a limit not exceeding 2.5 billion yuan[148].