AHTHGC(SZ:000901)2021-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 2,924,399,537.41, representing a 27.77% increase compared to CNY 2,288,800,875.67 in the same period last year[28]. - The net profit attributable to shareholders of the listed company was CNY 23,745,624.54, a significant turnaround from a loss of CNY 104,953,619.10, marking a 122.62% improvement[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 15,524,731.69, compared to a loss of CNY 124,204,026.22, reflecting a 112.50% increase[28]. - The basic earnings per share increased to CNY 0.0297 from a loss of CNY 0.1494, showing a 119.88% improvement[28]. - The company's operating revenue for the reporting period was ¥2,924,399,537.41, representing a year-on-year increase of 27.77% compared to ¥2,288,800,875.67 in the same period last year[52]. - The company's operating costs increased to ¥2,405,254,837.10, a rise of 23.90% from ¥1,941,272,097.20 in the previous year[52]. - The company reported a significant decrease in investment, with total investments of ¥0.00 in the current period compared to ¥25,000,000.00 in the same period last year, reflecting a 100% decline[73]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,588,489,940.52, up 3.81% from CNY 7,309,676,732.28 at the end of the previous year[28]. - The total liabilities reached CNY 3,096,568,154.99, up from CNY 2,804,486,569.81, which is an increase of approximately 10.43%[189]. - Non-current liabilities rose to CNY 1,267,057,970.72 from CNY 993,596,126.98, showing an increase of around 27.55%[189]. - The company's total equity attributable to shareholders of the parent company was CNY 4,302,594,710.86, a slight decrease from CNY 4,345,016,908.12, representing a decline of about 0.97%[190]. - Cash and cash equivalents at the end of the reporting period amounted to ¥1,021,294,377.03, representing 13.46% of total assets, a decrease of 2.61% from the previous year[63]. - Accounts receivable increased to ¥1,159,208,425.09, accounting for 15.28% of total assets, up by 2.37% year-on-year[63]. - Inventory reached ¥1,263,709,299.30, which is 16.65% of total assets, showing a slight increase of 0.13% compared to the previous year[63]. Cash Flow - The company reported a net cash flow from operating activities of CNY -173,474,828.62, an improvement of 11.63% compared to CNY -196,307,671.97 in the previous year[28]. - The net cash flow from investing activities significantly improved by 89.25%, amounting to -¥66,511,679.50, compared to -¥618,520,307.77 in the previous year[52]. Business Segments - The company's domestic automotive electronics business achieved revenue of ¥362 million, a year-on-year increase of 44.58%[40]. - The overseas automotive electronics business generated revenue of ¥1.764 billion, representing a year-on-year growth of 32.71%[40]. - Aerospace manufacturing revenue was ¥372,872,166.06, accounting for 12.75% of total revenue, with a year-on-year growth of 44.22%[55]. - Automotive electronics revenue amounted to ¥2,125,744,558.52, making up 72.69% of total revenue, reflecting a year-on-year increase of 33.33%[55]. - Revenue from other manufacturing decreased by 3.14% to ¥420,755,574.30, which accounted for 14.39% of total revenue[55]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares, focusing on reinvestment strategies[7]. - The company has established strategic partnerships with major automotive manufacturers such as BMW, Volkswagen, and Chrysler, enhancing its market position[47]. - The company completed the construction of a new 6,500 square meter production workshop for aerospace applications, supporting its strategic development goals[38]. - The company aims to mitigate supply chain risks related to global chip shortages by optimizing production schedules and increasing supplier diversity[88]. Risk Management - The management discussed potential risks and countermeasures in the report, emphasizing the importance of risk awareness for investors[7]. - The company is facing potential asset impairment risks due to market competition and changes in industry policies, and it conducts annual impairment tests on various assets[87]. - The company has established a comprehensive risk control mechanism for its foreign exchange business, effectively reducing operational risks[78]. Social Responsibility - The company actively fulfills its social responsibilities and integrates them into daily operations[98]. - The company emphasizes a win-win cooperation concept with stakeholders, providing a fair and transparent supply environment for suppliers and honest services for customers[99]. - The company has committed to sustainable development by integrating national ecological protection policies into its strategic direction and increasing investment in equipment upgrades and technology[100]. Subsidiary Performance - The subsidiary Aerospace Science and Industry Technology Co., Ltd. reported a net profit of 15,375,933.67 CNY, contributing significantly to the company's overall profitability[80]. - International Electronics and Engineering S.A. reported a net profit of 285,443.05 CNY, also impacting the company's financial performance positively[80]. - Aerospace Science and Industry Finance Co., Ltd. reported a net profit of 655,609,869.33 CNY, further enhancing the company's financial results[80].