ST宇顺(002289) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥91,611,167.01, representing a 63.88% increase compared to ¥55,899,957.26 in the same period last year[21]. - The net profit attributable to shareholders was -¥13,012,688.49, a 9.64% improvement from -¥14,400,386.54 year-on-year[21]. - The company achieved operating revenue of 91.61 million yuan, an increase of 63.88% compared to the same period last year[31]. - The net profit attributable to shareholders was -13.01 million yuan, an increase of 9.64% year-on-year[31]. - The company's net loss for the first half of 2021 was CNY 11,017,614.37, compared to a net loss of CNY 12,751,635.06 in the first half of 2020, showing an improvement in loss reduction[142]. - The total comprehensive income for the first half of 2021 was a loss of CNY 13,012,688.49, compared to a loss of CNY 14,400,386.54 in the same period of 2020, showing an improvement in overall financial performance[145]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥33,801,548.59, a significant decline of 118.98% compared to ¥178,046,928.85 in the previous year[21]. - The cash flow from operating activities was -33.80 million yuan, a decrease of 118.98% compared to the previous year[36]. - The company reported a significant decrease in financial expenses, with interest income rising to CNY 1,565,817.32 from CNY 573,155.00 in the previous year, while interest expenses dropped to zero from CNY 1,130,226.04[147]. - The company experienced a net decrease in cash and cash equivalents of 108,380,492.43 CNY during the first half of 2021[153]. - Cash and cash equivalents decreased to CNY 73,095,677.65 as of June 30, 2021, down from CNY 184,725,336.15 at the end of 2020, a decline of approximately 60.4%[139]. Assets and Liabilities - Total assets at the end of the reporting period were ¥372,033,295.94, an increase of 2.93% from ¥361,431,567.94 at the end of the previous year[21]. - The total liabilities increased to CNY 86,808,590.12 from CNY 63,194,173.63, representing a growth of about 37.4%[137]. - The company's total equity decreased to CNY 285,224,705.82 from CNY 298,237,394.31, a decline of approximately 4.4%[137]. - Inventory levels rose by 65.83% to ¥38,653,288.52, attributed to tight supply and rising prices of key raw materials[42]. - Accounts receivable increased to RMB 53,204,657.49 from RMB 38,766,742.11, marking a rise of about 37.3%[134]. Research and Development - Research and development expenses increased by 45.73% to 2.08 million yuan, driven by a recovery in customer demand[36]. - Research and development expenses for the first half of 2021 were CNY 2,078,031.97, up from CNY 1,425,907.15 in the same period of 2020, indicating an increase of about 46.0%[142]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[8]. - The management expressed concerns regarding the company's continuous losses over the past seven years, highlighting a need for improved operational management[8]. - The company plans to acquire 100% equity of Qianhai Shouke through a combination of share issuance and cash payment[37]. - The company aims to enhance its core competitiveness by integrating technology, market, and talent resources[34]. Market and Sales Performance - Revenue from liquid crystal display screens and modules was ¥53,197,934.80, accounting for 58.07% of total revenue, with a year-on-year growth of 45.32%[39]. - Revenue from touch display screens increased by 74.02% year-on-year, amounting to ¥27,410,196.97, which represents 29.92% of total revenue[39]. - Domestic sales contributed ¥59,942,733.88, a significant increase of 108.49% from ¥28,750,534.52 in the previous year, accounting for 65.43% of total revenue[39]. Shareholder Information - The total number of shareholders at the end of the reporting period was 15,906[119]. - The largest shareholder, Zhongzhi Rongyun (Beijing) Enterprise Management Co., Ltd., held 20.42% (57,233,855 shares) of the total shares[120]. - The company has not reported any share repurchase progress or transfer of shares[115][116]. Compliance and Governance - The half-year financial report has not been audited[76]. - The company has not engaged in any securities or derivative investments during the reporting period, focusing instead on direct investments[54]. - The company has no significant litigation or arbitration matters during the reporting period[78]. - The company has fulfilled all commitments made during the reporting period[73]. Risks and Challenges - The company faces risks from macroeconomic fluctuations and market volatility, with potential impacts on performance due to ongoing pandemic uncertainties[60]. - The company is experiencing pressure on gross margins due to rising material costs, which may lead to a decline in profitability[61]. - The company has initiated strategic stockpiling of key raw materials to mitigate supply risks caused by rising costs and shortages since October 2020[60].