SACO(SZ:002025)2021-08-23 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 2,341,558,523.70, representing a 24.66% increase compared to CNY 1,878,376,811.84 in the same period last year[10]. - The net profit attributable to shareholders of the listed company was CNY 255,150,738.65, up 38.04% from CNY 184,840,747.66 year-on-year[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 248,932,188.47, an increase of 48.29% compared to CNY 167,869,906.10 in the previous year[10]. - The basic earnings per share for the period was CNY 0.59, reflecting a 37.21% increase from CNY 0.43 in the same period last year[10]. - The total operating revenue for the reporting period reached CNY 2,341,558,523.70, representing a year-on-year increase of 24.66%[22]. - The net profit for the period was CNY 255,150,738.65, reflecting a growth of 38.04% compared to the same period last year[18]. - The company's operating costs amounted to CNY 1,538,973,209.05, which is a 24.83% increase year-on-year[19]. - Research and development expenses reached CNY 178,316,837.92, up 15.00% from the previous year, driven by investments in new product development[19]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,221,165,023.06, an increase of 11.90% from CNY 6,453,091,461.79 at the end of the previous year[10]. - The net assets attributable to shareholders of the listed company were CNY 3,583,844,734.36, up 5.22% from CNY 3,406,016,532.83 at the end of the previous year[10]. - The company's accounts receivable rose to CNY 3,144,808,396.74, reflecting a 14.47% increase due to higher sales revenue[26]. - The inventory level increased to CNY 888,021,796.46, indicating a rise in operational demand[26]. - Total liabilities reached RMB 2,892,222,384.27 as of June 30, 2021, compared to RMB 2,333,634,040.61 at the end of 2020, which is an increase of approximately 24%[83]. Cash Flow - The net cash flow from operating activities was negative CNY 345,521,844.02, a decline of 17.64% compared to negative CNY 293,700,037.18 in the same period last year[10]. - The company reported a negative net cash flow from operating activities of CNY -345,521,844.02, a decrease of 17.64% year-on-year[19]. - The net cash flow from financing activities was -86,550,100.00 CNY, compared to -61,197,950.00 CNY in the previous year, reflecting increased financing costs[94]. - The ending balance of cash and cash equivalents decreased to 224,720,721.62 CNY from 448,799,425.22 CNY year-over-year[94]. Dividends and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[3]. - The company allocated CNY 86,550,100.00 for cash dividends to shareholders for the fiscal year 2020, marking a 41.43% increase in financing cash outflows[21]. - The largest shareholder, Aerospace Jiangnan Group Co., Ltd., holds 41.65% of the shares, totaling 178,666,306[72]. - The total number of shares after the recent changes is 429,000,000, with 99.98% being unrestricted shares[69]. Research and Development - The company completed 28 updates to its technical development roadmap and initiated 25 key research projects during the first half of 2021[18]. - Research and development investment increased by 15.00% to CNY 178,316,837.92 compared to the previous year[21]. - The company is focusing on high-end electronic components, particularly in sectors like aerospace, telecommunications, and new energy vehicles[18]. Environmental and Social Responsibility - The company has implemented a self-monitoring plan for environmental protection, ensuring treated water quality meets discharge standards before release[44]. - The company continues to support the development of economically underdeveloped areas in the second half of the year as part of its social responsibility efforts[46]. - The company purchased rural specialty products from various counties in Guizhou Province totaling 891,500 RMB to support rural revitalization[46]. Strategic Planning and Market Position - The company is focusing on deepening research into national economic policies and industry policies to enhance its strategic planning and market competitiveness[33]. - The company plans to accelerate the industrialization of technological achievements and the construction of intelligent production lines following its non-public stock issuance in 2021[34]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[66]. Compliance and Governance - The company emphasizes a "compliance operation" philosophy to regularly conduct internal audits and risk assessments for its subsidiaries[35]. - The company has no stock incentive plans, employee stock ownership plans, or other employee incentive measures during the reporting period[39]. - The company has ongoing commitments related to avoiding competition and related transactions, which were made during its initial public offering in December 2001 and are still being fulfilled[49]. Financial Reporting and Accounting Policies - The financial statements are prepared in accordance with the relevant accounting standards and reflect the company's financial position accurately[112]. - The company’s accounting period runs from January 1 to December 31 each year[114]. - The preparation of consolidated financial statements is based on the financial statements of the parent company and its subsidiaries, in accordance with the relevant accounting standards[117].