兴森科技(002436) - 2021 Q2 - 季度财报

Financial Performance - The company's revenue for the first half of 2021 was CNY 2,370,509,923.76, representing a 15.83% increase compared to CNY 2,046,540,735.63 in the same period last year[10]. - Net profit attributable to shareholders decreased by 24.24% to CNY 285,085,910.16 from CNY 376,295,017.52 year-on-year[10]. - The net profit after deducting non-recurring gains and losses increased by 103.15% to CNY 286,920,488.93 compared to CNY 141,232,555.17 in the previous year[10]. - The net cash flow from operating activities was CNY 223,295,910.98, down 6.07% from CNY 237,726,253.00 in the same period last year[10]. - Total assets at the end of the reporting period were CNY 6,893,802,921.50, an increase of 11.84% from CNY 6,163,815,892.00 at the end of the previous year[10]. - The net profit attributable to shareholders decreased by 24.24% to CNY 28,508.59 million, primarily due to a high base effect from the previous year[29]. - The company achieved operating revenue of CNY 2,370,509,923.76, a year-on-year increase of 15.83%[29]. - The company reported a net loss in investment income of CNY -2,532,261.88, which negatively impacted total profit by -0.78%[34]. - The company reported a total of 394.52 million yuan in related party transactions, accounting for 0.01% of similar transactions[93]. Assets and Liabilities - Total operating revenue for the first half of 2021 reached CNY 2,370,509,923.76, representing a year-on-year increase of 15.83% compared to CNY 2,046,540,735.63 in the same period of 2020[30]. - The company's total assets amounted to CNY 6,893,802,921.50, compared to CNY 6,163,815,892.00, showing a growth of about 11.8%[147]. - The total liabilities increased to CNY 3,330,377,121.18 from CNY 2,585,089,736.80, which is an increase of approximately 28.8%[147]. - The total equity attributable to shareholders increased to CNY 3,318,720,382.03 from CNY 3,289,281,863.27, showing a slight increase of about 0.9%[147]. - The company's cash and cash equivalents saw a net increase of CNY 79,092,784.30, a decrease of 87.56% compared to the previous period, mainly due to reduced cash flow from investment activities[29]. - The company's total liabilities were not explicitly stated but can be inferred from the equity and asset figures[164]. Research and Development - The company has applied for a total of 14 patents during the reporting period, including 7 invention patents and 7 utility model patents, and has been granted 28 patents in total[17]. - R&D investment rose by 14.92% to CNY 122,927,954.57, reflecting the company's commitment to enhancing technological capabilities[29]. - Research and development expenses increased to CNY 122,927,954.57, up from CNY 106,967,044.91 in the first half of 2020, indicating a focus on innovation[151]. Environmental Compliance - The company reported a total wastewater discharge of 3.528 tons/year for COD, which is below the approved limit of 18.22 tons/year[60]. - The company has a total nitrogen wastewater discharge of 0.4983 tons/year, exceeding the approved limit of 5.468 tons/year[60]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[59]. - The company has implemented organized collection and treatment of hydrogen chloride emissions, achieving an annual discharge of 0 tons, well below detection limits[62]. - The company has achieved compliance with discharge standards for total phosphorus at 0.45 mg/L, with an annual discharge of 0.04 tons[63]. Corporate Governance - The company held its first extraordinary general meeting of shareholders in 2021 with an investor participation rate of 22.0728%[57]. - The company has appointed new executives, including two vice presidents on May 7, 2021[58]. - The company has no current employee stock ownership plans or other incentive measures in place[58]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[84]. - The company reported no major litigation or arbitration matters during the reporting period[87]. Market and Industry Focus - The company focuses on the PCB and semiconductor industries, providing a full value chain from R&D to production and sales, with a strong emphasis on quality and customer trust[15]. - The semiconductor business includes IC packaging substrates and semiconductor test boards, with a focus on domestic material breakthroughs[15]. - The company aims to continue expanding its semiconductor business and provide differentiated products and services while leveraging its R&D capabilities[23]. Shareholder Information - The total number of shareholders at the end of the reporting period was 124,516, with significant shareholders holding over 5% of the ordinary shares[122]. - The largest shareholder, Qiu Xingya, holds 16.42% of the shares, totaling 244,376,552 shares, with 132,658,999 shares pledged[122]. - The total number of restricted shares at the end of the period was 1,747,125, with 22,500 shares released during the period[121]. Financial Ratios - The company's current ratio is 154.56%, a decrease of 2.66% compared to the previous year[142]. - The debt-to-asset ratio increased to 48.31%, up by 6.37% from the previous year[142]. - The interest coverage ratio decreased to 10.51, a decline of 34.88% from the previous year[142]. Strategic Initiatives - The company plans to focus on IC packaging substrates and enhance operational efficiency through cost reduction and digital transformation[28]. - The company plans to enhance management capabilities and operational efficiency to mitigate risks associated with rapid expansion and market competition[55]. - The company plans to acquire 100% equity of Zhuhai Xingsheng Technology Co., Ltd. for 10,000 million CNY and will increase its registered capital to 21,000 million CNY[112].