成飞集成(002190) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 647,538,746.38, representing a 32.60% increase compared to CNY 488,356,554.11 in the same period last year[29]. - Net profit attributable to shareholders was CNY 26,909,641.70, a significant increase of 205.22% from CNY 8,816,331.28 year-on-year[29]. - The net profit after deducting non-recurring gains and losses was CNY 15,504,329.59, up 172.45% from CNY 5,690,747.20 in the previous year[29]. - Basic earnings per share were CNY 0.0750, reflecting a 204.88% increase from CNY 0.0246 in the previous year[29]. - The total comprehensive income for the first half of 2022 was approximately ¥42.62 million, compared to ¥19.72 million in the same period of 2021, reflecting a growth of 116.5%[174]. Cash Flow and Investments - The net cash flow from operating activities reached CNY 68,019,825.95, a remarkable increase of 5,161.68% compared to a negative cash flow of CNY 1,343,818.00 in the same period last year[29]. - The company reported a net increase in cash and cash equivalents of CNY 4.55 million, reversing a decline from the previous year[44]. - The cash flow from investment activities showed a net outflow of ¥47,229,610.65 in the first half of 2022, an improvement from a net outflow of ¥50,186,171.74 in the first half of 2021[182]. - The total cash and cash equivalents at the end of the first half of 2022 amounted to ¥169,352,572.38, an increase from ¥118,153,487.08 at the end of the first half of 2021, marking a growth of approximately 43.3%[182]. Revenue Breakdown - Revenue from tooling and automotive parts reached CNY 554.84 million, up 36.37% year-on-year, driven by increased customer orders[39]. - The aerospace components business generated revenue of CNY 81.90 million, reflecting an 8.22% year-on-year growth due to increased production capacity[39]. - Revenue from other miscellaneous businesses surged by 86.09%, attributed to the disposal of certain automotive mold projects and increased sales of scrap materials[47]. - Domestic revenue accounted for 98.79% of total revenue, with a year-on-year increase of 38.94%, while international revenue dropped by 71.98%[47]. Costs and Margins - Operating costs grew by 35.83%, outpacing revenue growth, resulting in a decline in gross margin by 2.04 percentage points[47]. - The gross profit margin for the company was 14.53%, a decrease of 2.04 percentage points compared to the same period last year[39]. - The gross margin for tooling and automotive parts was 11.06%, down by 1.20 percentage points compared to the previous year[47]. - The gross margin for aerospace parts was 31.43%, reflecting a decrease of 5.41 percentage points year-on-year[47]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,191,443,707.56, a slight increase of 0.16% from CNY 7,180,109,089.00 at the end of the previous year[29]. - The company's short-term borrowings increased significantly to CNY 40,673,892.95 from CNY 20,021,694.44, marking a rise of about 103.27%[159]. - The total liabilities as of June 30, 2022, were CNY 1,060,550,979.55, compared to CNY 1,059,259,704.68 at the start of the year, showing a marginal increase[168]. Research and Development - Research and development expenses increased by 20.93% to CNY 29.56 million, aimed at enhancing the company's overall capabilities[44]. - Research and development expenses for the first half of 2022 were approximately ¥9.88 million, slightly up from ¥9.14 million in the same period of 2021[175]. Market and Operational Risks - The company faces market risks, cost risks, and risks related to bad debts, which investors should be aware of[6]. - The company faces market uncertainty risks due to structural adjustments in the automotive industry, impacting the mold and component market[70]. - The company established a special task force for accounts receivable management to mitigate the risk of bad debts[73]. Shareholder and Governance Matters - The company plans not to distribute cash dividends or issue bonus shares[7]. - The annual shareholders' meeting had a participation rate of 51.21% on April 7, 2022[76]. - There were no changes in the board of directors, supervisors, or senior management during the reporting period[79]. - The company has committed to avoiding competition with its controlling shareholder, China Aviation Industry Group, ensuring no substantial competition arises during its control period[93]. Environmental and Social Responsibility - The company reported no environmental violations or penalties during the reporting period[88]. - The company engaged in social responsibility activities, providing 11,000 yuan in assistance to employees' disabled relatives and over 30,000 yuan to employees in need[89]. - The company has established an environmental management system and obtained certification for compliance[84].