成飞集成(002190) - 2020 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2020 was ¥328,703,452.61, a decrease of 71.89% compared to ¥1,169,336,604.95 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was -¥7,039,129.34, representing a decline of 101.26% from ¥557,483,139.63 in the previous year[23]. - The basic earnings per share were -¥0.0196, down 101.26% from ¥1.5540 in the same period last year[23]. - The total comprehensive income attributable to the parent company was -8,822,361.66 yuan, compared to 557,392,615.95 yuan in the same period last year[189]. - The company reported a net profit of -1,738,195.75 yuan for the first half of 2020, compared to a net profit of 633,842,227.54 yuan in the same period of 2019, indicating a significant decline[190]. - The total profit for the first half of 2020 was 9,031,456.48 yuan, a decrease from 165,908,262.81 yuan in the previous year[193]. Cash Flow and Assets - The net cash flow from operating activities improved to ¥18,509,601.87, a 122.05% increase from -¥83,952,297.60 in the same period last year[23]. - The company experienced a 52.08% decrease in cash and cash equivalents compared to the beginning of the year, mainly due to increased equipment procurement expenditures and cash dividends paid to shareholders amounting to CNY 21.52 million[33]. - The company's cash and cash equivalents at the end of the reporting period were 77,354,089.53 yuan, representing 2.31% of total assets, a decrease of 0.29% from the previous year[60]. - The company reported a significant reduction in R&D expenses, which fell to CNY 13,114,867.03 from CNY 82,449,824.60, a decrease of approximately 84.06%[182]. - The company reported total current assets of approximately CNY 1,092,398,577.58 as of June 30, 2020, compared to CNY 1,094,000,376.41 at the end of 2019, indicating a slight decrease[162]. - The company's total non-current assets increased to CNY 2,256,130,729.54 from CNY 2,239,396,575.70, reflecting a growth of approximately 0.76%[165]. Revenue Breakdown - The company's revenue for the reporting period was CNY 328.70 million, a decrease of 71.89% year-on-year, primarily due to the exclusion of lithium battery business revenue after restructuring in June 2019[41]. - The automotive parts business revenue increased by 14.14% year-on-year, reaching CNY 187.34 million, driven by higher sales volume from the subsidiary[46]. - The aerospace parts business revenue grew by 7.26% year-on-year to CNY 46.71 million, attributed to an increase in delivery volume during the reporting period[46]. - The revenue from automotive parts increased by 14.14% to ¥187,344,818.19, while the revenue from tooling molds decreased by 57.09% to ¥88,506,266.53[51]. - The revenue from the Northeast region saw a significant increase of 6705.73% to ¥39,152,008.28, driven by the delivery of a major automotive mold project[58]. Liabilities and Equity - The total liabilities reached CNY 727,562,469.48, up from CNY 684,270,507.24, indicating a growth of approximately 6.3%[168]. - Current liabilities rose to CNY 646,135,374.82 from CNY 599,941,653.28, representing an increase of about 7.7%[168]. - The net assets attributable to shareholders of the listed company decreased by 0.80% to ¥2,490,170,265.31 from ¥2,510,289,808.05 at the end of the previous year[23]. Investment and Development - The company invested in new production lines for aerospace parts, resulting in a 138.93% increase in construction in progress compared to the beginning of the year[33]. - The total planned investment for the New Aviation Industrial Park project is CNY 26.84 billion, with CNY 1.5773 billion invested in the current reporting period[80]. - The company has ongoing investment in the New Aviation Industry Park project, with an actual investment of 15,773,000.00 yuan, fully funded by self-raised capital[68]. Market and Operational Risks - The company faces market, operational, and cost risks, which investors are advised to consider[7]. - The company anticipates continued pressure on the automotive industry due to economic challenges, including the impact of the COVID-19 pandemic[86]. Corporate Governance and Compliance - The half-year financial report has not been audited[93]. - There are no major litigation or arbitration matters reported during the period[97]. - The company did not engage in any asset or equity acquisitions or sales during the reporting period[101]. - The company has not initiated any targeted poverty alleviation efforts during the reporting period[117].