隆基机械(002363) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥900,197,605.67, representing a 17.67% increase compared to ¥764,987,807.41 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 44.58% to ¥20,543,546.25 from ¥37,070,868.09 year-on-year[20]. - The basic earnings per share dropped by 44.44% to ¥0.05 from ¥0.09 in the same period last year[20]. - The company reported a decrease of 47.02% in net profit after deducting non-recurring gains and losses, amounting to ¥16,572,368.09 compared to ¥31,278,746.99 in the previous year[20]. - The total operating revenue for the reporting period reached CNY 900,197,605.67, representing a year-on-year increase of 17.67% compared to CNY 764,987,807.41 in the same period last year[43]. - The total profit for the first half of 2021 was CNY 21,982,486.37, a decrease of 48.2% from CNY 42,467,246.99 in the first half of 2020[132]. - The total comprehensive income for the first half of 2021 was CNY 25,146,260.17, compared to CNY 34,069,762.56 in the same period of 2020, indicating a decrease[137]. Cash Flow and Investments - The net cash flow from operating activities surged by 647.15% to ¥21,601,509.15, compared to ¥2,891,202.08 in the previous year[20]. - Cash inflow from operating activities reached CNY 958,576,007.51, up from CNY 760,594,417.95 in the first half of 2020, representing an increase of approximately 26%[139]. - The net cash flow from investing activities was CNY 31,033,862.54, a recovery from a negative cash flow of CNY 27,150,725.86 in the same period last year[141]. - The net cash flow from financing activities was negative CNY 110,682,286.97, contrasting with a positive cash flow of CNY 129,931,123.49 in the first half of 2020[145]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,192,506,543.59, a decrease of 1.16% from ¥3,230,120,444.09 at the end of the previous year[20]. - The company's total liabilities at the end of the reporting period were CNY 970,176,011.87, up from CNY 943,661,062.95, which is an increase of approximately 2.45%[125][126]. - The company's equity attributable to shareholders decreased to CNY 2,159,046,050.82 from CNY 2,221,722,564.77, a decline of about 2.81%[126]. - The total liabilities and equity amounted to CNY 3,192,506,543.59, consistent with the total assets, indicating a balanced financial position[126]. Operational Efficiency and Costs - The operating cost increased by 24.97%, reaching ¥828,197,193.94, up from ¥662,722,354.63 in the same period last year[40]. - Sales expenses decreased significantly by 76.07%, amounting to ¥10,278,152.16, due to the reclassification of transportation costs to operating costs under the new revenue recognition standards[40]. - The company's gross profit margin in the mechanical manufacturing sector decreased by 5.36% to 7.97%, compared to the previous year's margin[45]. Research and Development - Research and development expenses surged by 159.60% to CNY 14,284,700.91, up from CNY 5,502,526.49, indicating a significant increase in investment in R&D projects[44]. - The company has invested in R&D, establishing partnerships with universities and research institutions to strengthen its technological capabilities[33]. Market Position and Strategy - The company focuses on the research, production, and sales of automotive brake components, including brake discs and hubs, primarily serving passenger and commercial vehicles[28]. - The company has established a strong customer base, including international brands such as Brembo and domestic manufacturers like BYD and Geely, covering over 50 countries and regions[34]. - The company aims to explore potential mergers and acquisitions to strengthen its market position and diversify its product offerings[148]. Environmental Responsibility - Longi Machinery has received the "Green Foundry" honor from the Ministry of Industry and Information Technology, reflecting its commitment to green manufacturing[76]. - The company has established comprehensive pollution control facilities, with regular maintenance and monitoring in place[71]. - Longi Machinery has developed emergency response plans for environmental incidents, which are regularly rehearsed[73]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,785[110]. - The controlling shareholder, Longi Group, holds 42.24% of the company's shares, totaling 175,771,440 shares[111]. - The company has committed to fulfilling its obligations to minority shareholders without any delays[81].