威尔泰(002058) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥40,483,300.10, representing a 26.01% increase compared to ¥32,127,017.77 in the same period last year[20]. - The net profit attributable to shareholders was -¥179,756.04, showing a significant improvement of 91.90% from -¥2,220,407.03 year-on-year[20]. - The company's revenue for the reporting period reached ¥40,483,300.10, representing a 26.01% increase compared to ¥32,127,017.77 in the same period last year, driven by enhanced sales efforts[34]. - The company reported a net loss of CNY 182,075.38 for the first half of 2021, compared to a net loss of CNY 2,220,407.03 in the same period of 2020, indicating an improvement in performance[124]. - Operating profit turned positive at CNY 66,126.18, a significant recovery from an operating loss of CNY 1,835,983.06 in the first half of 2020[124]. - The basic earnings per share for the first half of 2021 was -0.001, improving from -0.015 in the same period of 2020[124]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥12,883,084.25, a decline of 351.48% compared to -¥2,853,522.50 in the previous year[20]. - The cash flow from operating activities showed a significant decline, with a net outflow of ¥12,883,084.25, compared to a net outflow of ¥2,853,522.50 in the previous year, mainly due to increased raw material reserves and accounts receivable[34]. - Cash and cash equivalents at the end of the reporting period amounted to ¥66,887,740.6, accounting for 30.95% of total assets, a decrease of 1.08% compared to the previous year[41]. - The net cash flow from operating activities for the first half of 2021 was -12,883,084.25 CNY, a significant decline compared to -2,853,522.50 CNY in the same period of 2020, indicating a worsening cash flow situation[131]. - Total cash inflow from operating activities decreased to 27,225,147.62 CNY in the first half of 2021, down from 30,060,555.52 CNY in the first half of 2020, reflecting a decline of approximately 6.1%[131]. - Cash outflow from operating activities increased to 40,108,231.87 CNY in the first half of 2021, compared to 32,914,078.02 CNY in the same period of 2020, representing an increase of about 21.5%[131]. Assets and Liabilities - The total assets at the end of the reporting period were ¥216,089,543.42, a decrease of 0.89% from ¥218,023,787.79 at the end of the previous year[20]. - Accounts receivable increased to ¥28,676,553.8, representing 13.27% of total assets, up by 2.14% due to sales growth[41]. - Inventory reached ¥56,151,534.9, making up 25.99% of total assets, an increase of 5.35% driven by the need for sales growth[41]. - Total liabilities decreased to CNY 36,000,103.08 from CNY 37,473,714.10, showing a reduction of approximately 3.9%[116]. - The company's equity attributable to shareholders was CNY 174,221,769.60, slightly down from CNY 174,680,083.61[117]. Market and Competition - The company faces significant market competition risks, particularly in the electromagnetic flowmeter and pressure transmitter markets, where foreign and joint-venture companies dominate, impacting both current and long-term performance[53]. - The company plans to enhance product technology, quality, marketing efforts, and service systems to narrow the gap with competitors[54]. - The company is actively pursuing new market opportunities and product development based on diverse information collected through its marketing service network[32]. Research and Development - Research and development expenses decreased by 77.72% to ¥154,954.49, primarily due to the completion of ongoing projects[34]. - The company has a strong technical development capability, holding 20 valid patents, including 8 invention patents[30]. - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[115]. Corporate Governance and Structure - The company has established a new subsidiary, Shanghai Zizhu High-tech Weitai Technology Co., Ltd., with a registered capital of ¥75 million[52]. - The company has undergone a change in its corporate structure, transitioning from a Sino-foreign joint venture to a domestic joint-stock company in 2009[152]. - The total number of ordinary shareholders at the end of the reporting period was 6,230[100]. Related Party Transactions - The company engaged in related party transactions amounting to 66 million yuan, accounting for 74.90% of similar transactions[78]. - The company has committed to a total of 300 million yuan in daily related party transactions for the year 2021, with 22.07 million yuan already executed by the end of the reporting period[79]. Financial Reporting and Compliance - The financial report for the first half of the year was not audited[112]. - The company's financial statements are prepared based on the actual transactions and events, adhering to the accounting standards set by the Ministry of Finance[156]. - The company’s financial reports reflect its financial position, operating results, and cash flows accurately and completely, in compliance with accounting standards[159].