创元科技(000551) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,841,647,729.21, representing a 22.18% increase compared to CNY 1,507,379,850.68 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 73,198,319.14, up 16.35% from CNY 62,910,249.18 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 63,282,710.14, an increase of 13.42% from CNY 55,796,441.50 in the same period last year[22]. - The basic earnings per share for the reporting period was CNY 0.18, a 12.50% increase compared to CNY 0.16 in the same period last year[22]. - The company reported a total comprehensive income of RMB 158,384,558.44, compared to RMB 86,340,173.14 in the same period last year, reflecting a significant increase[175]. - The profit attributable to shareholders of the parent company was RMB 73,198,319.14, an increase of 16.3% from RMB 62,910,249.18 in the same period of 2020[175]. - The company achieved a consolidated revenue of CNY 1.84 billion, representing a year-on-year growth of 22.18%[67]. - The net profit for the first half of 2021 was RMB 117,018,858.86, representing a growth of 15.0% compared to RMB 101,761,862.19 in the previous year[175]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 5,326,890,441.95, a 6.53% increase from CNY 5,000,387,466.07 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were CNY 1,999,450,445.34, reflecting a 4.34% increase from CNY 1,916,300,135.67 at the end of the previous year[22]. - The company's total liabilities reached RMB 2,576,361,202.91, compared to RMB 2,348,609,958.52, showing an increase of approximately 9.7%[172]. - The company's equity attributable to shareholders was RMB 1,999,450,445.34, up from RMB 1,916,300,135.67, reflecting a growth of about 4.5%[172]. - The company's cash and cash equivalents decreased by 4.34% to ¥826,644,741.23, while accounts receivable increased by 23.29% to ¥698,875,249.75[76]. - The company's inventory rose to ¥1,049,590,834.89, reflecting a slight increase of 9.68%[76]. Cash Flow - The net cash flow from operating activities was negative CNY 9,278,607.57, a significant decrease of 109.06% compared to CNY 102,397,582.15 in the previous year[22]. - The total cash inflow from operating activities for the first half of 2021 was approximately RMB 1.87 billion, an increase of 20.5% compared to RMB 1.55 billion in the same period of 2020[177]. - The cash inflow from sales of goods and services of approximately RMB 1.83 billion, up from RMB 1.51 billion in the first half of 2020, reflecting a growth of 20.8%[177]. - The total cash outflow for operating activities was RMB 1.88 billion, compared to RMB 1.45 billion in the same period of 2020, indicating an increase of 29.8%[177]. Research and Development - Research and development expenses increased by 25.77% to CNY 93.29 million, reflecting the company's commitment to innovation[69]. - Jiangsu Sujing applied multiple innovative products and technologies in key projects such as Chang'e and Shenzhou, with 11 projects reported in the first half of the year, including 9 provincial-level projects[51]. - The establishment of a particle wind tunnel laboratory by Shanghai Beifen significantly improves R&D speed and provides third-party testing services for dust measuring instruments[53]. Market and Industry Trends - The clean environmental equipment and engineering sector is expected to experience rapid growth, driven by government initiatives aimed at establishing a green, low-carbon economy by 2025[29]. - The automotive industry has seen a year-on-year increase in production and sales of 24.2% and 25.6%, respectively, indicating a robust recovery in mechanical demand[33]. - The overall mechanical industry is expected to maintain a steady growth trend, despite challenges such as rising raw material prices and international trade uncertainties[33]. Subsidiaries and Business Operations - The company operates nine wholly-owned and holding subsidiaries recognized as national high-tech enterprises, enhancing its innovation capabilities[28]. - Jiangsu Sujing, a subsidiary, is a leading supplier in air purification and energy-saving equipment, with products used in major national projects and exported to over 40 countries[34]. - Shanghai Beifen, another subsidiary, specializes in online monitoring systems for emissions, serving various industries including power, petrochemicals, and pharmaceuticals[35]. - The company has established stable business relationships with numerous well-known domestic and international enterprises, enhancing its supply chain stability[63]. Corporate Governance and Compliance - The company emphasizes strict adherence to safety and environmental regulations to avoid penalties and maintain reputation[94]. - The company is committed to protecting employee rights and fostering a harmonious labor relationship[113]. - The company has not reported any changes in accounting policies or prior period error corrections during the first half of 2021, ensuring consistency in financial reporting[181]. Investment and Expansion - The company plans to continue expanding its investment in environmental monitoring technologies through its acquisition of Shanghai Beifen[91]. - The company plans to not distribute cash dividends or issue bonus shares for the half-year period[106]. - The company believes it has sufficient operating funds to continue as a going concern for at least 12 months from the approval date of the financial statements[189].