NATIONSTAR(SZ:002449)2021-08-25 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,729,170,417.10, representing a 15.77% increase compared to ¥1,493,686,149.80 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥91,607,403.70, an increase of 45.83% from ¥62,817,227.43 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥68,558,016.98, up 88.44% from ¥36,381,873.51 in the same period last year[19]. - The net cash flow from operating activities was ¥400,434,451.27, a 23.14% increase compared to ¥325,174,995.28 in the previous year[19]. - The basic earnings per share were ¥0.1481, reflecting a 45.77% increase from ¥0.1016 in the same period last year[19]. - Total assets at the end of the reporting period were ¥5,923,696,061.12, a 3.50% increase from ¥5,723,573,588.15 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were ¥3,633,997,683.83, up 1.52% from ¥3,579,505,023.59 at the end of the previous year[19]. - The company reported a revenue of ¥1,729,170,417.10 for the current period, representing a year-on-year increase of 15.77% compared to ¥1,493,686,149.80 in the previous year[46]. - The company reported a total of CNY 1,048,153,160.59 in accounts payable, which increased from CNY 887,895,920.09, reflecting a growth of approximately 18%[167]. Market and Industry Trends - The global semiconductor market is projected to reach USD 527.2 billion in 2021, with a growth rate of 19.7%[35]. - The compound annual growth rate (CAGR) for small-pitch LED displays is forecasted to be 27% from 2020 to 2024, with products below P1.1 expected to grow at a CAGR of 50%[35]. - The domestic market is experiencing accelerated domestic substitution processes driven by policies to promote consumption and expand domestic demand[35]. - The LED industry is anticipated to enter a new development cycle driven by potential replacement markets and new product applications[36]. Research and Development - The company’s R&D investment increased by 3.26% to ¥67,347,360.80 from ¥65,222,487.46 in the previous year[47]. - The company has applied for a total of 978 patents, with 680 granted, and has focused on the Micro/Mini LED ultra-high-definition display field[39]. - The company is focusing on expanding production capacity and enhancing technical capabilities, particularly in Mini LED and UV LED businesses, to tap into new market segments[34]. - The company plans to strengthen its technological innovation capabilities by establishing a core technology R&D base and fostering talent development through partnerships with universities[82]. Environmental Compliance - The company is classified as a key pollutant discharge unit by the environmental protection department[93]. - In the first half of 2021, the company reported a total wastewater discharge of 29 tons per year, with no exceedance of discharge standards[93]. - The company achieved compliance with air pollutant discharge standards, including SO₂: 500 mg/m³, NOx: 120 mg/m³, and total VOCs: 30 mg/m³[98]. - The company has established a comprehensive emergency response plan for environmental incidents, emphasizing prevention and rapid response[99]. Corporate Governance and Social Responsibility - The company emphasizes social responsibility, focusing on the protection of shareholder and employee rights, as well as environmental sustainability[103]. - The company has established a system for employee welfare, including support for those facing serious illnesses and other hardships[105]. - The company has actively participated in community service, with over 50 employees volunteering for nucleic acid testing during the pandemic[110]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[114]. Future Outlook and Strategy - The company plans to continue focusing on market expansion and new product development to drive future growth[1]. - The company aims to achieve a revenue growth target of 10% for the full year 2021, supported by new product launches and market expansion strategies[192]. - The company is exploring potential mergers and acquisitions to enhance its competitive edge in the market[143]. - The company plans to enhance its capital reserves, with a focus on increasing retained earnings and other comprehensive income[197]. Financial Management - The company reported a decrease in financial expenses, with a net expense of CNY 281,944.78 in the first half of 2021, compared to a net income of CNY 3,423,134.84 in the same period of 2020[174]. - The company has implemented a new financial strategy to optimize its capital structure, aiming for a reduction in debt by 15% over the next year[143]. - The company has no overdue or uncollected amounts from entrusted financial products, indicating a low risk profile[137]. - The company has not engaged in any high-risk entrusted financial management activities during the reporting period[138].