得润电子(002055) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 3,729,565,539.38, representing a 22.09% increase compared to CNY 3,054,869,202.22 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 88.13% to CNY 20,336,639.08, down from CNY 171,258,059.09 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 90.29% to CNY 11,896,891.32, compared to CNY 122,510,954.00 in the same period last year[20]. - Basic earnings per share decreased by 87.96% to CNY 0.0430, down from CNY 0.3570 in the same period last year[20]. - The company achieved a consolidated revenue of CNY 3,729.57 million, representing a year-on-year increase of 22.09%[38]. - The net profit attributable to the parent company was CNY 2.03 million, a decline of 88.13% compared to the previous year[38]. - The total comprehensive income for the first half of 2021 was -¥2,920,671.71, a stark contrast to ¥179,834,358.85 in the first half of 2020[149]. - The company reported a significant decrease in the financial support provided to Huayin Circuit, reducing the guarantee amount to RMB 25 million as of the report date[115]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -608,765,290.81, a decline of 194.45% from CNY 644,539,099.10 in the previous year[20]. - The company's cash flow from operating activities was negative at CNY -608.77 million, a significant decline of 194.45% year-on-year[40]. - The total cash inflow from operating activities decreased to 2,852,340,526.09 CNY, down 25.2% from 3,814,632,779.31 CNY in the first half of 2020[154]. - The company reported a net cash outflow from investing activities of -140,473,636.45 CNY, an improvement compared to -273,164,449.28 CNY in the previous year[156]. - Cash inflow from financing activities was 760,919,445.53 CNY, a turnaround from a net outflow of -481,700,809.91 CNY in the first half of 2020[156]. - The total cash and cash equivalents at the end of the period increased to 297,697,839.48 CNY, compared to 356,446,668.74 CNY at the end of the previous year[156]. - The company's total assets at the end of the reporting period were CNY 9,382,571,183.78, a decrease of 0.99% from CNY 9,476,665,361.14 at the end of the previous year[20]. - The company's cash and cash equivalents as of June 30, 2021, were 508,349,425.59 RMB, down from 582,373,608.44 RMB at the end of 2020[139]. Market and Industry Position - The connector market in China is expected to exceed $25 billion in 2021, making it the largest connector market globally[27]. - In the first half of 2021, domestic new energy vehicle production and sales reached 1.215 million and 1.206 million units, respectively, representing a year-on-year growth of 200%[28]. - The company has established a leading position in the domestic consumer electronics connector market and is focusing on high-speed transmission connectors to meet new demands[32]. - The automotive segment's revenue share is increasing, driven by the growth in the new energy vehicle sector, with a stable rise in OBC business[31]. - The company aims to enhance its market share in the automotive electronics sector, particularly in high-voltage wiring harnesses and connectors for new energy vehicles[32]. - The automotive electrical system and automotive electronics segments saw revenue growth, with the automotive electrical system contributing CNY 1,169.38 million, up 3.42% year-on-year[42]. - The automotive electronics and new energy segment saw revenue rise to ¥1,033,366,184.76, marking a substantial increase of 66.21% compared to the previous year[43]. Research and Development - Research and development investment increased by 10.29% to CNY 194.95 million, reflecting the company's commitment to innovation[40]. - The company is focusing on enhancing its research and development capabilities to drive innovation in its product offerings[167]. - The company has implemented a strategy for research and development in new electronic technologies and products[176]. Corporate Governance and Strategy - The company plans not to distribute cash dividends or issue bonus shares[6]. - Future development statements in the report are considered forward-looking and do not constitute substantive commitments to investors[5]. - The company plans to enhance supply chain management and cost control to mitigate risks associated with macroeconomic factors and policy changes[66]. - The company aims to strengthen its corporate culture and implement a talent strategy to attract and retain high-end professionals and technical talents, addressing the increasing competition for talent in the industry[68]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its operational footprint[167]. Financial Health and Stability - The overall profitability of the automotive electrical system business declined due to rising material costs and chip shortages[37]. - The company has not identified any significant doubts regarding its ability to continue as a going concern for the next 12 months[181]. - The financial statements prepared by the company comply with accounting standards, accurately reflecting the financial position, operating results, and cash flows for the reporting period[188]. - The company has maintained a capital reserve of 1,220.28 million RMB, which is crucial for future growth initiatives[169]. Shareholder Information - The company granted 12.55 million restricted stock units to 34 incentive recipients, accounting for 2.69% of the total share capital, with a grant price of RMB 9.50 per share[75]. - The total number of shares decreased from 473,485,580 to 468,869,580 due to the repurchase and cancellation of 4,616,000 restricted shares[122]. - The total number of common shareholders at the end of the reporting period was 57,449[127]. - Shenzhen Desheng Asset Management Co., Ltd. holds 22.50% of the shares, totaling 106,536,915 shares, with 92,536,915 shares pledged[127]. Environmental and Social Responsibility - The company has not incurred any significant environmental penalties during the reporting period and adheres to various environmental protection laws and regulations[81]. - The company emphasizes social responsibility, integrating it into its development strategy, and aims for a harmonious balance between economic growth and social responsibility[82]. - The company has not engaged in poverty alleviation or rural revitalization efforts during the reporting period and has no subsequent plans[83].