华东数控(002248) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥158,369,811.79, representing a 55.51% increase compared to ¥101,840,342.43 in the same period last year[22]. - The net profit attributable to shareholders was ¥6,797,227.52, a significant turnaround from a loss of ¥32,951,216.03 in the previous year, marking a 120.63% improvement[22]. - The net profit after deducting non-recurring gains and losses was ¥3,087,368.57, compared to a loss of ¥47,818,532.12 in the same period last year, reflecting a 106.46% increase[22]. - The net cash flow from operating activities was ¥19,623,179.68, up 49.94% from ¥13,087,095.49 in the previous year[22]. - The basic earnings per share improved to ¥0.02 from a loss of ¥0.11, indicating an increase of 118.18%[22]. - The company achieved operating revenue of 158.37 million yuan, a year-on-year increase of 55.51%[32]. - Net profit attributable to shareholders reached 6.80 million yuan, up 120.63% year-on-year[32]. - The net profit after deducting non-recurring gains and losses was 3.09 million yuan, an increase of 106.98% compared to the same period last year[32]. - Cash flow from operating activities was 19.62 million yuan, reflecting a year-on-year growth of 49.94%[32]. - The company has successfully turned losses into profits, indicating a significant improvement in financial conditions and a positive development phase[32]. Assets and Liabilities - The total assets at the end of the reporting period were ¥487,411,584.76, a decrease of 6.09% from ¥519,030,046.89 at the end of the previous year[22]. - The total amount of accounts receivable decreased by 37.63% to ¥8,559,881.54, indicating improved collection efforts[44]. - The company's total liabilities decreased to CNY 430,980,120.52, down 8.09% from CNY 469,054,697.25 at the end of 2020[130]. - The total current assets were CNY 384,842,399.99, a decline of 7.80% compared to CNY 417,466,454.87 at the end of 2020[128]. - The total inventory at the end of the reporting period was ¥216,394,541.63, which constituted 44.40% of total assets[55]. - The company's cash and cash equivalents decreased by 90.66% to -¥5,870,229.63, reflecting increased sales revenue and compensation received for equipment relocation[43]. Research and Development - R&D investment increased by 34.43% year-on-year, focusing on high-speed, high-precision, multi-axis, and environmentally friendly CNC machine tools[33]. - Research and development expenses rose by 34.43% to ¥4,431,951.87, reflecting increased investment in new product development[43]. - The company holds 171 patents, including 32 invention patents, and has established several provincial-level R&D platforms[36]. - The company maintains a commitment to R&D, collaborating with renowned international firms and domestic research institutions to innovate and develop new products[70]. Market and Products - The company specializes in the research, production, and sales of CNC machine tools and key functional components, with no significant changes in its main business since establishment[30]. - Key products include CNC gantry milling machines, CNC gantry grinding machines, and universal milling machines, which are widely applicable in industries such as aerospace, automotive, and engineering machinery[30]. - The HLC series of horizontal machining centers features a robust T-shaped structure, providing high rigidity and precision, suitable for complex machining in various sectors[30]. - The XKW series CNC gantry boring and milling machines are designed for high performance and precision, targeting heavy-duty machining applications in aerospace and railway industries[30]. - The MC series of gantry surface grinding machines utilize advanced technology for high rigidity and compact structure, making them suitable for precision grinding of various materials[31]. - The company emphasizes energy efficiency in its machines, with servo motors used in hydraulic stations to reduce energy consumption[31]. - The product range includes high-precision CNC external grinding machines, capable of processing various cylindrical and conical surfaces for small to medium-sized parts[31]. - The company continues to focus on technological advancements and product development to enhance its competitive edge in the market[30]. - Future strategies include expanding market presence and exploring potential mergers and acquisitions to drive growth[30]. Financial Management - The company reported a total of 1,300 million RMB in entrusted financial management, with no overdue amounts or impairment provisions[103]. - The company has maintained a good credit status and has not been listed as a dishonest entity[91]. - The company has not engaged in any significant environmental violations or received administrative penalties during the reporting period[79]. - The company has not reported any major environmental or social responsibility initiatives during the reporting period[80]. Shareholder Information - The total number of shares is 307,495,600, with 96.46% being unrestricted shares[114]. - The largest shareholder, Weihai Weigao International Medical Investment Holding Co., Ltd., holds 17.50% of the total shares, amounting to 53,825,800 shares[118]. - The company has 23,244 common shareholders at the end of the reporting period[118]. - There were no changes in the controlling shareholder or actual controller during the reporting period[121][122]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[119]. Risk Management - The company has outlined potential risks and countermeasures in its management discussion, emphasizing the importance of investor awareness regarding investment risks[6]. - The company faces risks from raw material price fluctuations, particularly in casting materials, which significantly affect the gross margin of ordinary machine tools[67]. - The competitive landscape in the machine tool industry remains intense, with pressures from both domestic and foreign competitors[68]. - The company has a stable and high-quality employee team, but faces risks in talent acquisition and development due to the rapid growth of its high-end CNC machine tool business[71]. Accounting Policies - The accounting basis is based on the accrual method, with historical cost as the measurement basis, except for certain financial instruments measured at fair value[165]. - The company adheres to the accounting policies and estimates as per the enterprise accounting standards, ensuring the financial statements reflect true and complete information[167]. - The company uses Renminbi as its functional currency for accounting[170].