航发控制(000738) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,024,177,643.14, representing a 25.00% increase compared to ¥1,619,366,153.14 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥296,243,742.33, up 26.71% from ¥233,794,531.92 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥281,713,451.90, reflecting a 33.28% increase from ¥211,376,900.16 year-on-year[19]. - The net cash flow from operating activities was ¥318,627,651.38, a significant improvement of 216.46% compared to a negative cash flow of -¥273,605,096.29 in the same period last year[19]. - The basic earnings per share increased to ¥0.2586, up 26.70% from ¥0.2041 in the previous year[19]. - The total profit amounted to CNY 37,861,000, reflecting a 37.15% increase year-on-year, while net profit attributable to the parent company was CNY 29,624,000, up 26.71%[33]. - The total operating revenue for the reporting period reached ¥2,024,177,643.14, representing a 25.00% increase compared to ¥1,619,366,153.14 in the same period last year[38]. - The total profit for the first half of 2021 was ¥378,612,921.89, up from ¥276,061,137.98 in the same period of 2020, marking a 37.1% increase[125]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,962,080,375.08, a 12.85% increase from ¥8,827,606,580.80 at the end of the previous year[19]. - The total liabilities increased to CNY 3,259,338,234.34 from CNY 2,418,315,930.42, reflecting a growth of approximately 34.8%[117]. - The company's equity totaled CNY 6,702,742,140.74, up from CNY 6,409,290,650.38, indicating an increase of around 4.6%[118]. - The total owner's equity attributable to the parent company increased to CNY 6,253,049,811.08 from CNY 6,002,585,921.99, an increase of approximately 4.2%[118]. - The company's total liabilities and equity amounted to CNY 9,962,080,375.08, consistent with the total assets reported[118]. Research and Development - Research and development expenses increased by 81.87% to CNY 12,650,000, indicating a significant rise in R&D investment[34]. - Research and development expenses rose significantly to ¥126,497,185.61, up 82% from ¥69,555,379.95 in the first half of 2020[123]. - The company is facing increased research and production demands for aviation engine control system products, requiring continuous improvement in talent development and risk management[52]. - The company plans to enhance its technology innovation and R&D investment to meet higher customer standards and requirements[52]. Market Position and Strategy - The company maintains a leading position in the aviation engine control system sector, benefiting from strong partnerships with domestic and international aerospace firms[28]. - The company is focused on expanding its market presence in both military and civilian sectors, supported by national policies aimed at modernizing defense capabilities[28]. - The company has established a comprehensive R&D system that integrates design, manufacturing, verification, and technical services, enhancing its competitive edge[29]. - The company has a stable customer base, including high-credit military and aerospace clients, which supports its growth strategy[31]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit, with specific measures in place to manage environmental impact[61]. - China Aviation Power Control Co., Ltd. added 1 set of noise control facilities, totaling 48 environmental protection facilities, including 3 wastewater treatment facilities, 12 noise control facilities, and 33 air pollution control facilities[62]. - China Aviation Power Red Forest invested 50.82 million yuan in poverty alleviation efforts, contributing to rural revitalization and helping local farmers sell agricultural products[67]. - China Aviation Power West Control conducted quarterly monitoring of wastewater, waste gas, and noise, with soil monitoring conducted annually by third-party agencies[65]. Shareholder Information - The total number of shares outstanding is 1,145,642,349, with no new shares issued during the reporting period[97]. - The largest shareholder, China Aviation Engine Corporation Xi'an Power Control Co., Ltd., holds 21.83% of shares, totaling 250,125,630 shares[101]. - China Aviation Engine Corporation Southern Industry Co., Ltd. holds 17.39% of shares, totaling 199,200,000 shares[101]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[105]. Legal and Compliance - The semi-annual financial report has not been audited[73]. - The company has not faced any major litigation or arbitration matters during the reporting period[75]. - The company is currently involved in a lawsuit with a claim amount of CNY 303.84 million, which has not formed an estimated liability[76]. - The company has submitted a request for retrial to the Jiangsu High Court regarding a previous court decision that was not in favor of the company[78]. Cash Flow and Financing - The net cash flow from operating activities for the first half of 2021 was ¥318,627,651.38, a significant improvement compared to a net outflow of ¥273,605,096.29 in the same period of 2020[134]. - Cash inflow from financing activities amounted to ¥270,485,199.21, with cash outflow totaling ¥277,387,246.41, leading to a net cash flow from financing activities of -¥6,902,047.20[134]. - The ending balance of cash and cash equivalents as of the end of the first half of 2021 was ¥1,904,057,137.65, an increase from ¥1,810,858,553.39 at the beginning of the period[134]. - The company reported a loan from China Aviation Power Control Group totaling CNY 32.50 million at the end of the reporting period, an increase of CNY 15 million from the beginning of the year[86].