三力士(002224) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the reporting period was CNY 399,630,336.93, representing a 5.05% increase compared to CNY 380,422,161.71 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 12.99% to CNY 71,998,566.13 from CNY 82,745,738.39 year-on-year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 17.23% to CNY 91,490,129.63 from CNY 78,040,108.66 in the previous year[20]. - The net cash flow from operating activities increased significantly by 60.51% to CNY 111,406,073.03 compared to CNY 69,406,783.75 in the same period last year[20]. - Basic earnings per share decreased by 16.67% to CNY 0.10 from CNY 0.12 in the same period last year[20]. - Diluted earnings per share also decreased by 16.67% to CNY 0.10 from CNY 0.12 year-on-year[20]. - The weighted average return on net assets was 3.00%, down from 3.58% in the previous year, a decrease of 0.58%[20]. - The company's total assets at the end of the reporting period were CNY 2,901,787,031.06, a decrease of 0.80% from CNY 2,925,080,300.22 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company decreased by 0.56% to CNY 2,403,280,844.45 from CNY 2,416,881,781.54 at the end of the previous year[20]. Revenue Breakdown - The sales of rubber V-belts accounted for 94.76% of total operating revenue, amounting to CNY 378,684,572.97, which is a 3.64% increase from CNY 365,395,703.10 in the previous year[33]. - Domestic sales accounted for 86.28% of total operating revenue, amounting to CNY 344,794,085.10, which is a 6.01% increase from CNY 325,246,227.59 in the previous year[33]. - Revenue from rubber belts was ¥378.68 million, with a year-on-year growth of 3.64%[34]. - Other product revenue increased by 39.39% year-on-year, primarily due to increased income from external property leasing[34]. Expenses and Investments - The company's research and development investment decreased by 12.52% to CNY 11,998,146.86 from CNY 13,714,533.51 in the previous year[31]. - The company's financial expenses decreased by 69.78% to -CNY 3,889,459.59, primarily due to reduced foreign exchange losses compared to the previous year[31]. - The company reported a significant reduction in sales expenses by 75.16%, down to CNY 3,917,981.38 from CNY 15,772,231.42 in the previous year[31]. Cash Flow and Liquidity - The net increase in cash and cash equivalents was -CNY 24,851,457.67, a decrease of 116.69% compared to an increase of CNY 148,877,971.37 in the previous year[31]. - Cash and cash equivalents at the end of the reporting period were ¥1.06 billion, accounting for 36.45% of total assets[39]. - The cash inflow from operating activities totaled ¥530,522,212.18, compared to ¥404,274,598.15 in the previous year, indicating an increase of approximately 31.2%[147]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[7]. - The total number of shares after the recent changes is 729,570,200, with limited sale condition shares increasing from 186,899,955 (25.62%) to 186,989,580 (25.63%) and unrestricted shares decreasing from 542,670,101 (74.38%) to 542,580,648 (74.37%)[95]. - The largest shareholder, Wu Peisheng, holds 31.54% of the shares, amounting to 57,528,000 shares, which are pledged[103]. - The company completed a share repurchase plan, acquiring a total of 17,593,335 shares, representing approximately 2.41% of the total share capital, with a total transaction amount of 100,084,148.14 RMB[98]. Risk Management - The company faces risks from raw material price fluctuations, particularly in rubber and cotton yarn, which could impact gross margins due to recent volatility caused by the pandemic and inflation[55]. - The company aims to reduce the impact of raw material price volatility on its operations through hedging strategies[50]. - The company engaged in natural rubber hedging to mitigate risks associated with raw material price fluctuations, contributing to long-term stable development[50]. Corporate Governance - The company held its first temporary shareholders' meeting in 2021 on March 19, where it completed the election of the new board of directors and supervisory board[93]. - The company’s board and supervisory board were re-elected during the reporting period, with new senior management appointed[93]. - The report was approved by the board of directors on August 30, 2021, ensuring the accuracy and completeness of the financial information presented[171]. Future Outlook - The company plans to focus on its core business and optimize asset structure to enhance operational efficiency[52]. - Future guidance suggests a cautious optimism regarding market conditions, with expectations for gradual growth in revenue and profitability[160]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[139].