ATC(SZ:002227)2021-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥130,480,464.40, representing a 22.74% increase compared to ¥106,304,336.25 in the same period last year[21]. - The net profit attributable to shareholders was a loss of ¥11,262,047.51, an improvement of 30.05% from a loss of ¥16,101,108.03 in the previous year[21]. - The total operating revenue for the reporting period reached CNY 130,480,464.40, representing a year-on-year increase of 22.74% compared to CNY 106,304,336.25 in the same period last year[53]. - The revenue from the industrial sector was CNY 122,510,284.48, accounting for 93.89% of total revenue, with a year-on-year growth of 27.69%[55]. - The company reported a significant increase in sales revenue from CNY 109,685,738.99 in the first half of 2020 to CNY 152,348,025.21 in the first half of 2021, reflecting a growth of approximately 38.8%[162]. - The total comprehensive income for the first half of 2021 was a loss of CNY 11,788,665.38, compared to a loss of CNY 16,451,245.45 in the same period of 2020[157]. - The company reported a total revenue of 16,189,813.8 million for the first half of 2021, with a net loss of 109,681.5 million[72]. Cash Flow and Investments - The net cash flow from operating activities was negative at ¥9,531,424.34, a significant decline of 1,290.67% compared to a negative cash flow of ¥685,384.18 in the same period last year[21]. - The company reported a net cash outflow from investment activities of CNY 52,842,733.64, which is an increase of 100.92% from CNY 26,300,325.62 in the previous period[52]. - The company’s cash flow from investment activities was negative at CNY -52,842,733.64, indicating a higher level of investment compared to CNY -26,300,325.62 in the first half of 2020[163]. - The total cash outflow from operating activities was CNY 186,493,122.77, compared to CNY 148,719,498.05 in the first half of 2020, indicating increased operational expenses[163]. - The company invested CNY 30,000,000.00 in new projects during the first half of 2021, with total cash outflow from investment activities reaching CNY 52,842,733.64, compared to CNY 26,316,825.62 in the same period of 2020[164]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,354,277,674.58, showing a slight increase of 0.78% from ¥1,343,730,290.65 at the end of the previous year[21]. - The total liabilities increased to CNY 543,662,268.13 from CNY 521,576,218.82, an increase of about 4.2%[148]. - The company’s total equity at the end of the reporting period was 1,930.9 million RMB, with a capital reserve of 798.01 million RMB[173]. - The total equity attributable to shareholders decreased to CNY 809,027,348.34 from CNY 820,281,726.35, a reduction of about 1.5%[149]. - The company’s cash and cash equivalents decreased significantly to CNY 21,591,277.11 from CNY 50,915,279.88, a decline of approximately 57.6%[151]. Research and Development - The company's research and development investment increased by 15.48%, reaching ¥15,089,499.90, up from ¥13,066,351.27 in the previous year[51]. - The company has a strong focus on innovation, holding over 100 technology patents and maintaining a dedicated technical team of nearly 200 people[44]. - The company aims to strengthen its research and development capabilities through partnerships with well-known enterprises, universities, and research institutions[76]. - Research and development expenses were CNY 11,220,994.08, slightly down from CNY 11,759,283.51 in the first half of 2020[154]. Market and Industry Position - The electric vehicle charging business is positioned as a key area for future growth, with a focus on high-power charging technology[35]. - The company is actively involved in the development of charging infrastructure to support the increasing penetration of electric vehicles in the market[32]. - The company has been recognized as a leading brand in the industry, with its products being widely adopted in high-end markets such as 500kV substations and large power plants[49]. - The company faces increasing market competition risks in the electric power equipment industry, particularly in the electric automation sector, which may adversely affect its profitability[77]. Risk Factors and Challenges - The company faces various risk factors that may impact its business operations, as detailed in the report[4]. - The company faces risks related to policy changes that could impact the development of the new energy vehicle industry, which is heavily influenced by government support[74]. - The company’s performance is significantly affected by the rapid changes in technology and market demands in the power supply sector[75]. - The outlook for the second half of 2021 remains cautious, with a focus on stabilizing operations and improving profitability[172]. Corporate Governance and Compliance - The company has maintained a 100% response rate to investor inquiries, answering 80 questions on the investor interaction platform in the first half of 2021[88]. - The company emphasizes environmental protection and has not faced any administrative penalties for environmental issues during the reporting period[87]. - The financial statements prepared by the company comply with the requirements of accounting standards, accurately reflecting its financial position and operational results[200]. - The company has not engaged in any significant equity or securities investments during the reporting period[66][67]. Shareholder Information - The total number of shares remains unchanged at 220,597,400, with a slight decrease in the proportion of restricted shares from 0.13% to 0.12% due to the release of 15,000 restricted shares[128]. - The company reported a total of 127,003,614 shares held by its largest shareholder, Eurohua Industrial Co., Ltd., accounting for 57.57% of total shares[134]. - The company did not distribute cash dividends or issue bonus shares for the half-year period[83].