海信家电(000921) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the reporting period reached ¥32,423,814,710.47, representing a year-on-year increase of 53.76% compared to ¥21,086,699,809.27 in the same period last year[9]. - The net profit attributable to shareholders of the listed company was ¥615,375,091.80, up 22.27% from ¥503,307,515.41 in the previous year[9]. - The net profit after deducting non-recurring gains and losses was ¥454,784,440.78, reflecting a 37.29% increase from ¥331,261,366.70 in the same period last year[9]. - The basic and diluted earnings per share were both ¥0.45, an increase of 21.62% from ¥0.37 in the previous year[9]. - The weighted average return on equity rose to 6.15%, up 0.48 percentage points from 5.67% in the previous year[9]. - The gross profit margin decreased to 22.79% from 24.65% in the previous year, indicating a decline in profitability despite revenue growth[33]. Assets and Liabilities - Total assets at the end of the reporting period were ¥55,387,217,509.54, a 32.47% increase from ¥41,811,635,813.53 at the end of the previous year[9]. - The net assets attributable to shareholders of the listed company were ¥9,932,920,623.83, a slight increase of 1.57% from ¥9,779,115,580.43 at the end of the previous year[9]. - The company's total liabilities increased significantly, with current liabilities reaching ¥6.84 billion, a 57.53% increase year-on-year[30]. - The company's total liabilities amounted to CNY 40.48 billion, reflecting a significant increase from the previous period[96]. Revenue Breakdown - The HVAC business generated main operating revenue of 16.130 billion CNY, up 43.92% year-on-year[17]. - The refrigerator and washing machine business reported main operating revenue of 11.128 billion CNY, an increase of 53.14% year-on-year[17]. - Domestic sales reached 18.401 billion CNY, growing by 47.30% year-on-year, while overseas sales were 10.642 billion CNY, up 59.26% year-on-year[18]. - The company reported a significant increase in sales from the HVAC segment, generating ¥16.13 billion, which accounted for 49.75% of total revenue[31]. Cash Flow and Investments - The company's cash and cash equivalents increased by 37.94% to approximately ¥9.81 billion, reflecting improved operational cash flow[28]. - The net cash flow from operating activities was ¥2.08 billion, a decrease of 17.95% compared to ¥2.54 billion in the previous year[30]. - The company achieved investment income of CNY 137.23 million, compared to CNY 52.52 million in the previous year, reflecting an increase of approximately 160.5%[102]. Research and Development - Research and development expenses increased by 46.66% to ¥836.07 million, reflecting a commitment to innovation and product development[30]. - The company is focused on developing energy-efficient products in response to national carbon neutrality policies, enhancing product APF values[23]. Acquisitions and Consolidation - The company completed the acquisition approval procedures for SanDian Holdings on May 31, 2021, and included its financial data in the consolidated statements[9]. - The company invested ¥21,408,512,000 in SanDian Holdings, acquiring a 74.88% stake, with the investment completed and no significant disputes reported[39]. - The company completed the acquisition of San Electric Holdings, incorporating it into the consolidated financial statements, which is expected to positively impact future earnings[45]. Shareholder Information - The total number of shares before the change was 1,362,725,370, with no new shares issued or repurchased[81]. - The largest shareholder, Qingdao Hisense Air Conditioning Co., Ltd., holds 37.92% of the shares, totaling 516,758,670 shares[84]. - The total number of common shareholders at the end of the reporting period was 29,284[84]. Environmental and Social Responsibility - The company adheres to environmental regulations and does not have any incidents of exceeding emission standards[53]. - The company has been recognized as a provincial-level green factory in Shandong Province for its commitment to energy conservation and environmental protection[55]. - The company actively engages in social responsibility initiatives, including educational support programs in various provinces[56]. Risk Management - The company faces macroeconomic risks, rising cost risks, trade protectionism, and exchange rate fluctuation risks, which could impact its profitability and operational costs[48]. - The company has implemented risk control measures for foreign exchange derivatives to mitigate currency fluctuation risks, enhancing its foreign exchange risk management capabilities[43]. Accounting Policies - The financial statements are prepared based on the going concern assumption in accordance with the relevant accounting standards[119]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[123]. - The company classifies joint arrangements into joint operations and joint ventures, recognizing assets and liabilities based on agreements[128]. Related Party Transactions - The total expected amount for related party transactions involving sales and services is 2,018,861,000 CNY (excluding VAT), with actual performance during the reporting period at 952,669,750 CNY (excluding VAT)[63]. - The total expected amount for related party transactions involving procurement and services is 235,228,000 CNY (excluding VAT), with actual performance during the reporting period at 78,805,410 CNY (excluding VAT)[63].