TIANMA(SZ:000050)2021-08-25 16:00Financial Performance - The company reported a revenue of 1.2 billion CNY for the first half of 2021, representing a year-on-year increase of 15%[7]. - The gross profit margin for the first half of 2021 was 25%, compared to 22% in the same period last year[7]. - The company's operating revenue for the reporting period was ¥15,994,273,911.28, representing a 13.78% increase compared to ¥14,057,162,205.78 in the same period last year[12]. - Net profit attributable to shareholders was ¥1,195,798,852.39, a significant increase of 60.64% from ¥744,417,955.39 year-on-year[12]. - The net profit after deducting non-recurring gains and losses was ¥609,225,089.06, up 43.10% from ¥425,734,370.71 in the previous year[12]. - The net cash flow from operating activities reached ¥2,300,097,648.28, marking a substantial increase of 439.42% compared to ¥426,398,046.04 last year[12]. - Basic and diluted earnings per share were both ¥0.4865, reflecting a 33.84% increase from ¥0.3635 in the same period last year[12]. - The company's total assets at the end of the reporting period were ¥78,250,679,376.46, a 6.38% increase from ¥73,557,804,389.16 at the end of the previous year[12]. - The company reported a total investment of ¥2,710,000,000.00 for the current period, representing an increase of 81.27% compared to ¥1,495,000,000.00 in the same period last year[36]. Market Expansion and Strategy - The company plans to invest 500 million CNY in R&D for new technologies and products in the next fiscal year[7]. - The company is expanding its market presence in Southeast Asia, aiming for a 10% market share by the end of 2022[7]. - The company is exploring potential acquisitions to strengthen its position in the AMOLED market[7]. - The company has initiated a strategic partnership with a leading tech firm to enhance its supply chain efficiency[7]. - The company achieved a 50% year-on-year increase in vehicle display sales, actively expanding into the new energy vehicle market[22]. - The company has established a comprehensive industrial layout in the small and medium-sized display field, focusing on mobile smart terminal displays and professional display markets[16]. - The company is actively developing new technologies and products, including AMOLED and Micro LED, to enhance its competitive edge in the display industry[17]. - The company has over 3,000 total customers across various industries, focusing on high-value niche markets while continuously deepening cooperation with existing clients[19]. Research and Development - Research and development expenses rose by 9.78% to ¥1,077,924,856.77, up from ¥981,939,442.82[24]. - The company is actively developing AIoT applications, including smart homes and smart cities, to tap into emerging markets[19]. - The company plans to increase R&D investment to improve product technology content and added value, aiming to enhance core competitiveness[45]. Environmental Compliance - The company reported a total COD emissions of 34.68 tons, with a maximum allowable limit of 91.00 tons, indicating compliance with environmental standards[52]. - The company achieved a total nitrogen oxide emissions of 1.82 tons, well below the permitted limit of 4.77 tons[52]. - The company has invested in upgrading pollution control facilities, including replacing sludge centrifuges with screw sludge dewatering machines and upgrading roots blowers to magnetic levitation blowers[54]. - The company has established an automatic online monitoring system for key pollutants such as COD, ammonia nitrogen, and VOCs, ensuring real-time monitoring of emissions[54]. - The company has completed environmental impact assessments for all construction projects in accordance with legal requirements and obtained necessary environmental permits[55]. - The company has not faced any administrative penalties related to environmental issues during the reporting period, maintaining compliance with environmental regulations[58]. Corporate Governance and Shareholder Engagement - The company reported a 63.80% investor participation rate in the first extraordinary general meeting of 2021, indicating strong shareholder engagement[48]. - The company will not distribute cash dividends or issue bonus shares for the half-year period, focusing on reinvestment instead[51]. - The company has experienced changes in its board of directors, with several key personnel resigning due to work-related reasons, including the chairman and other board members[49][50]. - The company has not engaged in any securities investments during the reporting period[39]. - The company has no significant litigation or arbitration matters during the reporting period[64]. Financial Management - The company has implemented a foreign exchange derivative trading management system to mitigate currency and interest rate risks, enhancing financial stability[41]. - The company plans to issue short-term financing bonds not exceeding RMB 1.5 billion and publicly issue corporate bonds not exceeding RMB 10 billion[83]. - The company has a comprehensive credit limit of RMB 700 million with a related party for loans and other financial services[71]. - The company has signed a financial service agreement with AVIC Finance, with a maximum credit limit of RMB 7 billion and a daily maximum deposit balance of RMB 2 billion[73]. Risk Management - The company faces risks related to macroeconomic conditions and technology advancements, which are detailed in the risk management section[2]. - The company is facing macroeconomic risks due to the ongoing global pandemic and complex external environment, which may impact its development[45]. - The company has established business continuity management to improve risk prevention capabilities and respond effectively to external changes[45]. Share Capital and Ownership - The total number of common shareholders at the end of the reporting period is 90,705, including credit accounts[96]. - The largest shareholder, Xiamen Jincai Industrial Development Co., Ltd., holds 14.92% of shares, totaling 366,793,040 shares, with a decrease of 22,817,000 shares during the reporting period[97]. - The company has a total of 5 shareholders holding more than 5% of shares, with a combined ownership of 43.11%[97]. Accounting Policies and Financial Reporting - The company's financial statements comply with the accounting standards and reflect the financial position and operating results as of June 30, 2021[155]. - The company’s accounting period follows the calendar year, from January 1 to December 31[156]. - The company adheres to specific accounting policies for asset depreciation and revenue recognition tailored to its operational characteristics[154].