TPC(SZ:002134)2021-08-06 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 314,161,807.78, representing a 46.86% increase compared to CNY 213,920,479.54 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 20.29% to CNY 8,075,961.88 from CNY 10,132,298.06 year-on-year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 6,155,554.81, down 21.66% from CNY 7,857,301.35 in the previous year[20]. - The basic earnings per share decreased by 25.00% to CNY 0.03 from CNY 0.04 in the same period last year[20]. - The diluted earnings per share also decreased by 25.00% to CNY 0.03 from CNY 0.04 year-on-year[20]. - The weighted average return on net assets was 2.01%, down from 2.55% in the previous year[20]. - The company's gross margin was 13.15%, a decrease of 1.22% year-on-year, primarily due to rising raw material prices, including multiple price increases for substrates and copper foil[30]. - Net profit for the period was 8 million yuan, a year-on-year decline of 20.29%, impacted by lower gross margin and foreign exchange losses due to currency fluctuations[30]. - Operating profit for the first half of 2021 was ¥8,037,616.77, down from ¥10,181,778.08, representing a decline of 21%[128]. - The company reported a total profit of ¥8,064,988.47, a decrease of 21% from ¥10,186,138.08 in the same period of 2020[128]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 162.20% to CNY 48,573,591.30, compared to CNY 18,525,426.95 in the same period last year[20]. - Operating cash flow increased by 162% year-on-year to 48.57 million yuan, attributed to higher sales revenue and optimized cash cycle management[30]. - Cash received from sales of goods and services was ¥284,227,669.43, compared to ¥217,136,692.42 in the previous year, indicating a growth of 31%[133]. - The company's cash and cash equivalents at the end of the reporting period amounted to ¥116,856,091.64, representing 16.80% of total assets[48]. - The company's cash and cash equivalents increased to ¥116,856,091.64 as of June 30, 2021, up from ¥98,012,595.66 at the end of 2020[117]. - The net increase in cash and cash equivalents for the period was CNY 20,653,962.18, compared to CNY 40,278,622.81 in the first half of 2020[138]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 695,713,060.08, a 16.91% increase from CNY 595,063,583.84 at the end of the previous year[20]. - Current liabilities rose to CNY 279,613,785.62, compared to CNY 186,566,937.91, reflecting an increase of about 49.8%[119]. - The total liabilities increased to CNY 289,579,813.32 from CNY 197,006,298.96, an increase of approximately 46.9%[119]. - Accounts receivable increased to ¥186,495,366.14, accounting for 26.81% of total assets, reflecting a 3.34% increase in proportion compared to the previous year[48]. - The company reported a significant increase in inventory, which reached ¥83,776,808.12, accounting for 12.04% of total assets, reflecting ongoing production and sales strategies[48]. Research and Development - R&D investment increased by 40.86% year-on-year to 10.28 million yuan, reflecting a rise in material inputs for research and development[42]. - Research and development expenses increased to ¥10,283,046.55, up 41% from ¥7,300,046.73 in the first half of 2020[128]. - The company plans to enhance its technical innovation capabilities and improve overall competitiveness in line with industry trends[29]. - Research and development efforts are ongoing, with a focus on new product innovations to drive future growth[144]. Market and Industry Outlook - The PCB industry is expected to grow at a rate of 14.0% in 2021, supported by global economic recovery and increased demand for electronic products[31]. - China's PCB market is projected to grow by 14.1% in 2021, maintaining its position as a key driver of global PCB industry growth[33]. - The company plans to enhance its market expansion strategies, although specific figures were not disclosed in the report[144]. Environmental and Social Responsibility - The company emphasizes sustainable development and adheres to safety production and environmental protection laws and regulations[75]. - The company has increased investments in environmental protection facilities to ensure compliance with wastewater and air emission standards[72]. - The company has established a comprehensive emergency response plan for environmental incidents and conducts annual internal reviews and employee training[73]. - The company is classified as a key pollutant discharge unit, with various pollutants being monitored and reported to ensure compliance with environmental standards[71]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The total number of ordinary shareholders at the end of the reporting period is 16,324[104]. - The largest shareholder, Tianjin Zhonghuan Electronic Information Group Co., Ltd., holds 26.86% of shares, totaling 66,026,154 shares[104]. - The second largest shareholder, Tianjin Jinrong Investment Service Group Co., Ltd., holds 15.48% of shares, totaling 38,052,100 shares[104]. Corporate Governance - The financial report was approved by the board of directors on August 5, 2021[154]. - The company has not engaged in any significant related party transactions during the reporting period[79]. - The company has not experienced any major litigation or arbitration matters during the reporting period[84]. - The company has not made any significant guarantees or engaged in any major contracts during the reporting period[94]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern and comply with the latest accounting standards[157][158]. - The consolidated financial statements are prepared based on the financial statements of the parent company and its subsidiaries, following the control basis for consolidation[165]. - The company adopts a simplified model for expected credit losses on accounts receivable, measuring loss provisions based on the entire expected credit loss over the duration of the asset[186].