ASD(SZ:002403)2021-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,565,421,674.73, representing a 38.63% increase compared to ¥1,129,187,101.87 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 85.44% to ¥20,946,452.50 from ¥143,898,086.05 in the previous year[20]. - Basic earnings per share dropped by 85.71% to ¥0.06 from ¥0.42 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was negative at ¥5,260,857.08, an improvement of 89.96% compared to a loss of ¥52,412,095.02 in the previous year[20]. - The weighted average return on net assets was 0.93%, down 5.55% from 6.48% in the previous year[20]. - The company reported a significant decrease in cash flow from operating activities, amounting to -¥150,651,898.87, a 205.84% decline compared to the previous year[48]. - The company reported a net loss of ¥547,723.20 from fair value changes, primarily due to forward foreign exchange contracts[54]. - The company reported a total comprehensive income of CNY 13,508,566.43 for the first half of 2021, down from CNY 187,049,816.57 in the same period of 2020[171]. - The company reported a net loss of 25,547,893.43 CNY distributed to shareholders during the profit allocation[198]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,456,323,329.94, a decrease of 0.97% from ¥5,509,926,421.66 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were ¥2,242,420,223.34, down 0.20% from ¥2,246,824,521.62 at the end of the previous year[20]. - Cash and cash equivalents decreased by 7.11% to ¥282,682,940.88, primarily due to increased operational expenditures during the reporting period[56]. - The company's total liabilities stood at CNY 2,381,279,122.27, slightly up from CNY 2,378,438,380.02 at the end of the previous period[165]. - Total liabilities decreased from CNY 3,240,510,595.89 to CNY 3,191,339,707.67, a reduction of 1.5%[157]. - The total amount of special reserves at the end of the reporting period is 94,805,867.69 CNY[200]. Revenue Segments - The industrial segment generated ¥1,514,512,127.88, accounting for 96.75% of total revenue, with a year-on-year growth of 38.02%[50]. - The small home appliance segment saw a significant increase of 93.65%, reaching ¥216,668,619.67, driven by increased orders as the pandemic eased[52]. - Robot sales increased by 68.70% to ¥143,727,306.69, attributed to a favorable industry outlook and enhanced business expansion efforts[52]. - Domestic sales amounted to ¥862,141,857.26, up 18.67% year-on-year, while international sales surged by 75.94% to ¥652,370,270.62[50]. Research and Development - Research and development expenses rose by 36.78% to ¥85,860,296.36, attributed to increased salaries for R&D personnel and costs for raw materials and semi-finished products[48]. - The company is actively pursuing research and development in smart manufacturing and industrial robotics, enhancing its competitive edge in various sectors[28]. - The company launched several new products targeting young consumers, enhancing its marketing network through O2O and e-commerce channels[30]. Market Strategy - The company is focusing on expanding its international market presence while maintaining its leadership in the domestic cookware market[29]. - The company plans to continue expanding its digital equipment manufacturing capabilities, focusing on robotics and automation technologies[64]. - The company plans to expand its market presence by launching new products and technologies, aiming for a 20% increase in market share by the end of 2022[129]. Environmental and Social Responsibility - The company has a wastewater treatment capacity of 4,000 tons per day, with all wastewater meeting the tertiary discharge standards[90]. - The company actively participates in social responsibility initiatives, supporting education, disaster relief, and community development[97]. - The company emphasizes sustainable development and has not received any rectification requirements or administrative penalties from environmental authorities[96]. Shareholder and Governance - The employee stock ownership plan holds 9,215,676 shares, accounting for 2.63% of the total share capital[87]. - The company conducted two shareholder meetings during the reporting period, ensuring compliance with legal and regulatory requirements[93]. - There were no significant related party transactions during the reporting period[107]. - The company has fully performed its commitments made in the acquisition agreement signed in 2016, including the obligation to not engage in competing businesses without consent[99]. Investment and Financing - The company reported an investment income of CNY 32,921,940.91, which is an increase from CNY 16,130,606.34 year-on-year[166]. - The total approved guarantee amount for subsidiaries is CNY 805 million, with an actual occurrence of CNY 502.13 million during the reporting period[131]. - The company has invested CNY 18 million in bank wealth management products, with an outstanding balance of CNY 14.5 million[133]. Risks and Challenges - The company faces risks from rising labor and raw material costs, which may pressure future profitability[79]. - The company is exposed to risks from fluctuations in the RMB exchange rate, impacting export business and forward foreign exchange settlements[79]. - The small home appliance market is becoming increasingly competitive, posing significant market pressure on the company[79].