WEIXING(SZ:002003)2021-08-25 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,482,753,822.58, representing a 31.40% increase compared to ¥1,128,384,812.01 in the same period last year[26]. - The net profit attributable to shareholders of the listed company was ¥236,652,531.11, a decrease of 4.28% from ¥247,227,819.04 in the previous year[26]. - The net profit after deducting non-recurring gains and losses was ¥232,659,017.18, showing a significant increase of 90.96% compared to ¥121,834,804.01 in the same period last year[26]. - The net cash flow from operating activities was ¥26,826,543.50, down 86.79% from ¥203,046,705.60 in the previous year[26]. - Total assets at the end of the reporting period were ¥3,794,326,474.43, an increase of 11.51% from ¥3,402,764,131.37 at the end of the previous year[26]. - The net assets attributable to shareholders of the listed company were ¥2,460,854,838.79, a decrease of 2.26% from ¥2,517,748,441.62 at the end of the previous year[26]. - The basic earnings per share for the reporting period were ¥0.30, down 9.09% from ¥0.33 in the previous year[26]. - The diluted earnings per share were ¥0.31, a decrease of 6.06% from ¥0.33 in the previous year[26]. - The weighted average return on equity was 9.14%, down from 9.91% in the previous year[26]. Revenue and Market Performance - The company achieved a revenue of 1.48 billion yuan in the first half of 2021, representing a year-on-year increase of 31.40%[46]. - Domestic business revenue grew by 35.82% year-on-year[38]. - The company reported a significant increase in sales of buttons, with revenue growing by 32.62% to ¥625,172,558.83[59]. - The domestic market revenue increased by 35.82% to ¥1,098,803,777.91, driven by the recovery of the textile and apparel industry[59]. - Direct sales revenue reached ¥1,482,753,822.58, with a year-on-year increase of 31.46%[66]. Investment and R&D - Research and development investment increased by 26.38% to ¥59,684,451.01, reflecting the company's commitment to innovation[50]. - The company has made significant progress in expanding new product categories and enhancing product competitiveness[38]. - The company aims to become a globally recognized professional supplier of apparel accessories, focusing on transformation and upgrading[35]. Operational Challenges - The overall market environment remains complex, with rising costs in raw materials and labor impacting operations[35]. - The net cash flow from investment activities was negative at ¥-128,228,829.59, a decline of 163.56% compared to the previous year due to the absence of significant asset sales[50]. - The company anticipates risks from macroeconomic downturns, rising production costs, and increased uncertainty in international trade environments[94][95]. Environmental Compliance - The company is subject to environmental regulations and has reported on its pollutant emissions, with specific compliance to standards[112]. - The company strictly adheres to environmental regulations, ensuring all pollutants are treated and discharged in compliance with standards, with no major environmental issues reported as of the end of the reporting period[113]. - The company has upgraded and maintained existing environmental facilities and acquired new wastewater treatment equipment to enhance overall operational capacity[113]. - During the reporting period, the company received approval for the environmental impact report for the relocation project of its subsidiary, indicating ongoing expansion efforts[116]. - The company has implemented emergency response plans for environmental incidents and conducted multiple emergency drills and training sessions to enhance crisis management capabilities[117]. - There were no administrative penalties related to environmental issues during the reporting period[119]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,893, with a major shareholder, Weixing Group Co., Ltd., holding 29.98% (232,620,518 shares) of the total[170]. - The total number of restricted shares at the end of the period was 130,652,875, with 2,072,525 shares released during the period[167]. - The largest individual shareholder, Zhang Kapeng, holds 6.57% (51,008,540 shares) of the total ordinary shares[170]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[176][177]. - The report indicates that there were no changes in the shareholding of directors, supervisors, and senior management during the reporting period[175]. Financial Position - As of June 30, 2021, the total assets of Zhejiang Weixing Industrial Development Co., Ltd. amounted to CNY 3,794,326,474.43, an increase from CNY 3,402,764,131.37 at the end of 2020, representing a growth of approximately 11.5%[199]. - The company's current assets totaled CNY 1,844,509,931.92, up from CNY 1,529,522,427.83 at the end of 2020, indicating a growth of about 20.6%[187]. - Cash and cash equivalents decreased to CNY 562,329,970.70 from CNY 672,852,536.47, reflecting a decline of approximately 16.4%[187]. - Accounts receivable increased significantly to CNY 486,955,990.20 from CNY 289,472,847.55, marking an increase of around 68.3%[187]. - Inventory rose to CNY 537,772,003.58, compared to CNY 339,542,503.22 at the end of 2020, which is an increase of approximately 58.2%[190]. - Total liabilities increased to CNY 1,263,085,062.46 from CNY 812,111,186.93, representing a growth of about 55.5%[196]. - The company's equity attributable to shareholders decreased to CNY 2,460,854,838.79 from CNY 2,517,748,441.62, a decline of approximately 2.3%[199]. - The non-current assets totaled CNY 1,949,816,542.51, up from CNY 1,873,241,703.54, indicating an increase of about 4.1%[193]. - Short-term borrowings rose significantly to CNY 525,063,472.23 from CNY 214,179,685.25, reflecting an increase of approximately 145%[192].