LPSK(SZ:002333)2021-08-25 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥694,474,797.29, representing a 171.86% increase compared to ¥255,457,730.01 in the same period last year[20]. - The net profit attributable to shareholders was ¥10,533,301.66, a significant turnaround from a loss of ¥19,445,752.95 in the previous year, marking a 154.17% improvement[20]. - The net profit after deducting non-recurring gains and losses was ¥7,593,863.89, compared to a loss of ¥21,558,171.14 in the same period last year, reflecting a 135.22% increase[20]. - The company's total assets increased by 31.98% to ¥2,157,029,092.46 from ¥1,634,341,240.25 at the end of the previous year[20]. - The net assets attributable to shareholders rose by 39.17% to ¥1,800,298,985.34 from ¥1,293,642,845.54 at the end of the previous year[20]. - The basic earnings per share improved to ¥0.0175 from a loss of ¥0.0387, representing a 145.22% increase[20]. - The company reported a negative cash flow from operating activities of ¥97,440,984.82, worsening by 448.22% compared to a negative cash flow of ¥17,774,138.36 in the previous year[20]. - The weighted average return on net assets was 0.64%, an increase of 2.18% from -1.54% in the same period last year[20]. - The company's revenue increased by 171.86% year-on-year, reaching approximately ¥694.47 million, driven by higher sales in aluminum profiles and smart engineering construction services[38][40]. - The aluminum profile business revenue rose by about 52%, while the smart engineering construction business generated ¥100.93 million in revenue, marking a new addition to the company's offerings[38][42]. - The net profit attributable to shareholders was ¥10.53 million, a turnaround from a loss in the previous year, primarily due to increased sales volume and gross margin in the aluminum alloy finished window business[39][40]. - The company reported a significant increase in revenue from the casting aluminum rod business, which rose by approximately 138% year-on-year, attributed to higher sales and an increased proportion of high-end products[39][42]. - Research and development investment increased by 27.05% to ¥13.12 million, reflecting the company's commitment to innovation and technology advancement[40]. - The company achieved a gross margin of 6.31% in the aluminum profile segment, which decreased by 8.62% compared to the previous year, indicating challenges in maintaining profitability[43]. - Operating cash flow showed a significant decline, with a net outflow of ¥97.44 million, primarily due to increased accounts receivable and inventory levels[40]. Strategic Focus and Development - The management has indicated a focus on future growth strategies, including potential market expansion and new product development[5]. - The company focuses on the research, design, production, and sales of new aluminum alloy casting rods, aluminum alloy profiles, and aluminum alloy system doors and windows, with a strong emphasis on smart city construction[28]. - The company has developed high-quality aluminum alloy casting rods that meet international standards, utilizing recycled aluminum and various alloy remelting processes[28]. - The "Ropskin" brand system doors and windows integrate energy-saving, optical, aesthetic, acoustic, and intelligent design applications, enhancing functionality beyond traditional aluminum doors and windows[29]. - The company has established a high-end finished window brand "Inno," which emphasizes improved consumer experience through innovative and customized designs[29]. - The company is advancing the construction of an intelligent factory to enhance management efficiency and reduce costs, focusing on automation and smart logistics[32]. - The company aims to explore photovoltaic building integration businesses in line with carbon neutrality policies, leveraging its green aluminum product advantages[33]. - The company has received over 1,000 patents and has been recognized as one of the top 100 enterprises in the aluminum industry in China[31]. - The company has established a new 1,500 square meter testing center to enhance product performance testing and research capabilities[35]. - The company has engaged in multiple industry-academia collaboration projects, including key technology research for digital twin control systems[35]. - The company has implemented a comprehensive quality management system, achieving ISO9001 certification to ensure high-performance and high-quality products[35]. Environmental and Social Responsibility - The company has achieved a total COD discharge of 3.307 tons per year, which is compliant with the national discharge standards[71]. - The company has a nickel discharge concentration of 0.019 mg/L, meeting the GB21900-2 standard, with a total discharge of 0.0141 tons per year[71]. - The company has implemented a comprehensive wastewater treatment system that ensures all pollutants are treated to meet discharge standards before entering municipal sewage treatment facilities[71]. - The company has established a clean production audit system, focusing on energy conservation, emission reduction, and resource efficiency[76]. - The company has passed the green factory audit in December 2018 and successfully completed the re-examination in July 2021[76]. - The company has maintained normal operation of pollution prevention facilities since relocating to the new plant in April 2016[71]. - The company has no significant environmental penalties or violations reported during the reporting period[75]. - The company has established an emergency response plan for environmental incidents, which was re-filed with the environmental bureau in November 2019[73]. - The company has implemented online monitoring for wastewater and outsourced air quality monitoring to ensure compliance with pollution discharge standards[74]. Corporate Governance and Financial Management - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has not engaged in any derivative investments or significant asset sales during the reporting period, indicating a stable investment strategy[57][58]. - The company did not distribute cash dividends or issue new shares during the reporting period, reflecting a conservative financial approach[68]. - The company has not reported any new product developments or technological advancements in the current reporting period[112]. - The company has not disclosed any plans for market expansion or mergers and acquisitions in the current reporting period[112]. - The financial report for the first half of 2021 was not audited[121]. - The financial report was approved by the board of directors on August 25, 2021, indicating timely disclosure of financial performance[161]. - The company has established a comprehensive financial reporting framework that adheres to regulatory requirements for public companies[165]. - The company has not reported any overdue or unrecovered amounts from entrusted financial management[95]. - The company reported a total of 83,149.05 million yuan in entrusted financial management, with 63,147 million yuan remaining due[94][95]. - The company completed a capital increase of 30 million yuan in its subsidiary, Suzhou Zhongyifeng Technology Co., Ltd., with the company contributing 24 million yuan[97]. - The company’s total shares increased from 502,603,600 to 652,603,600 due to a private placement of 150 million shares[101]. - The private placement shares were locked for 36 months starting from March 4, 2021[102]. - The company’s stock trading risk warning was lifted during the reporting period[96]. - There were no major guarantees or leasing situations reported during the period[93][92]. - The company has not conducted any repurchase transactions among its top ten shareholders during the reporting period[112]. - The total number of shareholders at the end of the reporting period was 10,873, with no preferred shares having restored voting rights[110]. - The company plans to unlock 150 million shares on March 4, 2024, following a non-public offering[106]. - The company’s management team, including Qian Fang, has maintained their shareholdings without any reductions during the reporting period[113]. Market Position and Competitive Landscape - The company has actively expanded its market presence, particularly in the construction sector, to mitigate the impact of fluctuating raw material prices and demand[38]. - The company has maintained a focus on market expansion and product quality to gain customer recognition amidst increasing competition[61]. - The company plans to focus on energy-saving systems and high-performance aluminum profiles to enhance its market position and resilience against risks[61]. - The company aims to improve operational efficiency and reduce costs to enhance future profitability[154]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[154]. Financial Instruments and Accounting Policies - The company recognizes impairment losses for receivables when the present value of expected future cash flows is less than the carrying amount[188]. - The company assesses credit risk based on the likelihood of default and the borrower's ability to meet cash flow obligations[187]. - The company measures expected credit losses based on the credit risk increase since initial recognition, with different treatments for each stage of credit risk[186]. - The company applies a simplified model for expected credit losses on receivables, measuring loss provisions based on the entire expected credit loss over the asset's lifetime[191]. - The company recognizes other comprehensive income related to equity investments in subsidiaries at the time control is lost, transferring it to current investment income[172]. - The company offsets all significant intercompany balances, transactions, and unrealized profits in the preparation of consolidated financial statements, ensuring accurate representation of net profit attributable to shareholders[174]. - Financial instruments are recognized when the company becomes a party to the financial instrument contract, with regular way trades being accounted for on the transaction date[179]. - The company classifies financial assets based on its management business model and the cash flow characteristics of the financial assets, including those measured at amortized cost and those measured at fair value[180]. - The company uses an expected credit loss model to assess impairment for financial assets measured at amortized cost and fair value[184]. - The company categorizes inventory into raw materials, consumables, work in progress, and finished goods, measuring them at the lower of cost and net realizable value[196].