康强电子(002119) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,056,459,539.52, representing a 61.16% increase compared to ¥655,534,766.32 in the same period last year[18]. - The net profit attributable to shareholders was ¥71,021,286.85, up 36.97% from ¥51,850,002.20 year-on-year[18]. - The net profit after deducting non-recurring gains and losses increased by 84.74%, reaching ¥70,153,887.48 compared to ¥37,973,501.74 in the previous year[18]. - The basic earnings per share rose to ¥0.19, a 35.71% increase from ¥0.14 in the same period last year[18]. - The total revenue from the manufacturing sector was ¥1,048,937,275.60, accounting for 99.29% of total revenue, with a year-on-year growth of 61.84%[41]. - Domestic sales contributed ¥832,797,446.60, representing 78.83% of total revenue, with a growth of 60.65% year-on-year[41]. - The total profit for the first half of 2021 was ¥81,831,985.48, an increase of 32.1% from ¥61,929,624.05 in the first half of 2020[137]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,045,810,586.87, an 11.85% increase from ¥1,829,046,813.59 at the end of the previous year[18]. - The net assets attributable to shareholders increased by 6.31%, amounting to ¥1,032,465,025.16 compared to ¥971,201,122.31 at the end of the previous year[18]. - The company's total liabilities reached CNY 1,013,345,561.71, up from CNY 857,845,691.28, indicating a growth of approximately 18.1%[129]. - Current liabilities rose to CNY 830,854,804.27, compared to CNY 690,333,532.69, reflecting an increase of about 20.3%[129]. - The company's financial liabilities at the beginning of the period were 4,148,200, with a decrease of 1,114,755 during the reporting period[48]. Cash Flow - The net cash flow from operating activities was negative at -¥14,428,589.15, a decline of 133.85% compared to ¥42,619,880.07 in the same period last year[18]. - The company reported a net increase in cash and cash equivalents of ¥6,788,024.30, a decrease of 83.03% compared to ¥39,989,025.31 in the previous year[38]. - Total cash inflow from operating activities in the first half of 2021 was 761,455,842.31 RMB, up from 506,390,057.83 RMB in the first half of 2020, representing a 50.2% increase[145]. - Cash outflow from operating activities increased to 775,884,431.46 RMB in the first half of 2021, compared to 463,770,177.76 RMB in the same period of 2020, marking a 67.2% rise[145]. - The ending balance of cash and cash equivalents was 114,360,592.72 RMB at the end of the first half of 2021, compared to 125,707,931.19 RMB at the end of the first half of 2020[146]. Research and Development - The company has invested in R&D, holding 34 invention patents and 80 utility model patents, which enhances its competitive edge in technology and innovation[34][35]. - Research and development expenses rose by 5.10% to ¥33,829,732.91 from ¥32,187,828.77[38]. - The company has a strong talent pool with 124 R&D and technical personnel, which supports its ongoing innovation and product development efforts[34]. Market Position and Strategy - The company specializes in the development, production, and sales of semiconductor packaging materials, including lead frames and bonding wires, with a leading position in the domestic market for these products[26][28][34]. - The company has established a stable customer base with a coverage rate of 60% among major domestic semiconductor packaging enterprises, and it is expanding its efforts in overseas markets[31][34]. - The company has optimized its product structure to focus on high-density etched lead frames, aligning with industry trends towards high integration and performance[33]. - The company plans to actively expand its domestic and international customer base to minimize the pandemic's impact[62]. Risk Management - The management has highlighted potential risks and future operational plans in the report, emphasizing the importance of investor awareness regarding investment risks[4]. - The company is significantly affected by the semiconductor industry's cyclical nature, with performance closely tied to market demand and pricing fluctuations[61]. - Major raw materials, including copper, gold, and silver, constitute a high proportion of the company's product costs, making it vulnerable to price volatility[61]. - The company has implemented risk mitigation strategies for raw material price fluctuations, including zero inventory for key materials and centralized procurement[61]. - The ongoing COVID-19 pandemic continues to pose uncertainties for both domestic and international markets, affecting product exports[62]. Corporate Governance and Compliance - The company has established a multi-tier governance structure including a board of directors and various specialized committees[164]. - The company prepares financial statements based on the going concern assumption and adheres to the accounting standards issued by the Ministry of Finance[166]. - There are no significant doubts regarding the company's ability to continue as a going concern for the next 12 months[167]. - The company confirms that its financial statements comply with the accounting standards and accurately reflect its financial position, operating results, and cash flows[169]. Social Responsibility - The company contributed 300,000 yuan to the "Kangqiang Charity Poverty Alleviation Fund" to support poverty alleviation and rural revitalization efforts[75]. - There were no significant environmental penalties or violations reported during the period[74].