联发股份(002394) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,236,485,715.62, representing a 29.03% increase compared to ¥1,733,310,586.27 in the same period last year[19]. - The net profit attributable to shareholders of the listed company decreased by 57.77% to ¥108,991,856.43 from ¥258,071,030.78 year-on-year[19]. - The net cash flow from operating activities fell by 65.53% to ¥137,256,432.99 compared to ¥398,173,777.46 in the previous year[19]. - Basic earnings per share decreased by 56.58% to ¥0.3367 from ¥0.7755 in the same period last year[19]. - The company's operating profit for the same period was 105.44 million yuan, a year-on-year decrease of 68.13%[33]. - Net profit for the first half of 2021 was 106.18 million yuan, down 68.56% year-on-year[33]. - The company's total operating revenue for the first half of 2021 was CNY 2,236,485,715.62, an increase of 29.1% compared to CNY 1,733,310,586.27 in the first half of 2020[187]. - The total operating costs for the first half of 2021 were CNY 2,129,605,458.66, up 33.7% from CNY 1,591,525,592.60 in the same period last year[187]. - The net profit for the first half of 2021 was CNY 106,186,869.86, a decrease of 58.6% from CNY 256,226,915.68 in the first half of 2020[188]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,831,281,571.54, a slight increase of 0.46% from ¥4,809,180,091.46 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company decreased by 0.16% to ¥3,703,173,096.11 from ¥3,708,925,595.57 at the end of the previous year[19]. - The company's total assets as of the end of the reporting period were CNY 3,488,149,445.23, compared to CNY 3,461,635,223.41 at the end of the previous period[186]. - Total liabilities increased to RMB 1,115,750,288.98 from RMB 1,085,149,710.92, reflecting a rise of about 2.8%[181]. - The company's equity attributable to shareholders decreased slightly to RMB 3,703,173,096.11 from RMB 3,708,925,595.57[182]. Cash Flow - The net cash flow generated from operating activities was CNY 137,256,432.99, a decrease of 65.5% from CNY 398,173,777.46 in the same period of 2020[196]. - Investment activities generated a net cash flow of CNY 545,953,490.11, compared to a negative cash flow of CNY -203,931,347.98 in the first half of 2020[197]. - Cash and cash equivalents increased by CNY 602,032,870.30 in the first half of 2021, compared to an increase of CNY 269,887,757.19 in the same period of 2020[197]. Production and Capacity - The company has a production capacity of 100 million meters of colored woven fabric and 78 million meters of home textile fabric annually[27]. - The production capacity for color woven fabric was 10,000,000 meters with a utilization rate of 75.66%, while the dyeing fabric capacity was 7,200,000 meters with a utilization rate of 65.54%[50]. - The company has developed and promoted 181 new fabric products during the reporting period[34]. Market and Sales - Domestic sales accounted for 72.52% of total revenue, amounting to ¥1,621,689,379.98, reflecting a 62.70% increase year-on-year[45]. - The company exports products to over 30 countries and regions, including the United States and Europe[27]. - The company achieved a significant increase in sales of cotton yarn, which rose by 463.17% to ¥648,837,406.17, attributed to increased raw yarn trading[48]. Research and Development - The company has over 200 patents and has developed more than 50 key technologies, enhancing its research and innovation capabilities[40]. - Research and development expenses for the first half of 2021 were CNY 44,703,784.52, an increase of 25.4% compared to CNY 35,669,851.30 in the first half of 2020[187]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[101]. - The company has implemented measures to comply with pollution discharge standards[101]. - Jiangsu Lianfa's total phosphorus discharge was reported at 3.523 tons per year, indicating compliance with environmental standards[107]. - The company has achieved compliance with environmental standards for emissions, including SO2 ≤ 35 mg/m³ and NOx ≤ 50 mg/m³ for boiler emissions[116]. Shareholder and Equity Information - The total number of shares after the repurchase and cancellation of restricted stock is 328,879,200 shares, down from 332,763,600 shares[162]. - The company’s largest shareholder, Jiangsu Lianfa Group Co., Ltd., holds 39.35% of the shares, totaling 130,934,100 shares[164]. - The company plans to distribute at least 20% of the distributable profits as cash dividends when the accumulated undistributed profits are positive and the company is profitable[124]. Future Outlook - The company plans to expand its sales network and adjust marketing strategies to balance domestic and international sales amid external macroeconomic uncertainties[85]. - Future guidance estimates a revenue growth of 18% for the next fiscal year, driven by increased production capacity and market demand[108]. - Jiangsu Lianfa aims to achieve carbon neutrality by 2025, aligning with global sustainability trends[109].