永新股份(002014) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,376,859,981.84, representing a 10.72% increase compared to CNY 1,243,589,914.80 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 126,301,790.66, a slight increase of 1.20% from CNY 124,805,056.60 year-on-year[18]. - The basic and diluted earnings per share remained unchanged at CNY 0.25[18]. - The weighted average return on net assets was 6.67%, a decrease of 0.31% from 6.98% in the previous year[18]. - The company reported a total of CNY 6,975,736.26 in non-recurring gains and losses during the reporting period[22]. - The company achieved operating revenue of ¥1,376,859,981.84, representing a year-on-year increase of 10.72%[29]. - The net profit attributable to shareholders was ¥12,630.18 million, reflecting a growth of 1.20% compared to the previous year[29]. - The total profit for the first half of 2021 was ¥149,530,007.42, slightly up from ¥147,776,478.75 in the same period of 2020[118]. - The company reported a net profit of ¥128,386,594.10, compared to ¥127,259,057.46 in the same period last year, reflecting a growth of 0.9%[119]. Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 58.12%, amounting to CNY 83,129,520.87 compared to CNY 198,493,742.55 in the previous year[18]. - The company’s cash flow from operating activities decreased by 58.12% to ¥83,129,520.87, indicating potential liquidity challenges[33]. - Total cash inflow from operating activities was ¥1,292,846,341.48, while cash outflow was ¥1,209,716,820.61, resulting in a net cash inflow of ¥83,129,520.87[125]. - Cash flow from financing activities resulted in a net outflow of ¥356,241,986.73, significantly higher than the outflow of ¥84,094,972.16 in the same period last year[126]. - The total cash and cash equivalents at the end of the period were ¥631,364,766.30, down from ¥750,977,292.35 at the beginning of the period[126]. - The company reported a significant increase in cash paid for purchasing goods and services, totaling ¥932,775,923.86, compared to ¥834,745,982.24 in the previous year[125]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,655,441,370.71, down 10.13% from CNY 2,954,630,295.32 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company decreased by 5.42%, totaling CNY 1,883,206,584.27 compared to CNY 1,991,118,467.36 at the end of the previous year[18]. - Cash and cash equivalents decreased to ¥664,207,341.54, accounting for 25.01% of total assets, down from 26.57%[39]. - Total liabilities decreased from CNY 923,150,967.08 to CNY 732,509,122.12, reflecting a decline of around 20.7%[114]. - Current liabilities fell from CNY 874,936,788.46 to CNY 683,980,017.03, a decrease of about 21.8%[114]. - The company's equity attributable to shareholders decreased from CNY 1,991,118,467.36 to CNY 1,883,206,584.27, a decline of approximately 5.4%[114]. Revenue Sources and Market Performance - The main source of revenue came from color printing composite flexible packaging materials, accounting for 78.29% of total revenue, with a growth of 11.46% year-on-year[35]. - The domestic market contributed 90.08% of total revenue, while the international market saw a growth of 19.61%, accounting for 9.92% of total revenue[35]. - Revenue from rubber and plastic segment reached ¥1,255,180,741.08, an increase of 9.17% year-over-year[37]. - Coating and ink segment revenue was ¥65,266,793.59, with a year-over-year increase of 14.41%[37]. - Aluminum-plated packaging materials revenue surged by 57.27%, driven by increased market development efforts[37]. - International market revenue grew by 22.30%, with costs rising by 48.51% due to increased sales and raw material prices[37]. Research and Development - Research and development investment rose by 7.77% to ¥59,231,344.08, indicating a commitment to innovation[33]. - The company aims to enhance its R&D innovation capabilities and expand its competitive advantages in product quality and brand building[49]. Environmental and Regulatory Compliance - The company has implemented effective pollution control measures, meeting relevant emission standards[59]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[64]. - The financial report was approved by the board of directors on July 29, 2021, indicating a commitment to transparency and compliance with regulatory standards[150]. Shareholder Information - The company has a total of 514,016,724 shares outstanding, with 2.32% being limited shares[92]. - The largest shareholder, Huangshan Yongjia Investment Co., Ltd., holds 31.06% of the shares, totaling 159,651,305 shares[96]. - A significant shareholder, Aorijins Technology Co., Ltd., holds 22.05% of the shares, totaling 113,315,201 shares, with 101,308,937 shares pledged[96]. - The total number of common shareholders at the end of the reporting period is 17,495[96]. Risk Management - The company has outlined potential risks in its future development in the management discussion and analysis section[4]. - The company is closely monitoring fluctuations in raw material prices, particularly crude oil, which could impact profitability[49]. - New investment projects are based on thorough market research, but risks remain due to market demand and raw material price volatility[49]. Corporate Governance - The company has not experienced any changes in its board of directors or senior management during the reporting period[53]. - The company has not engaged in any significant equity or non-equity investments during the reporting period[42]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[69]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[101]. Accounting and Financial Reporting - The semi-annual financial report has not been audited[71]. - The company adheres to the Chinese accounting standards, ensuring that its financial statements accurately reflect its financial position and performance[156]. - The company has a normal operating cycle of one year, aligning its accounting practices with industry standards[158]. - The company’s accounting currency is Renminbi, which is consistent with its operational base in China[159].