长高电新(002452) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥702,690,548.24, representing a 13.61% increase compared to ¥618,489,997.28 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was ¥120,037,826.12, a 2.02% increase from ¥117,666,274.07 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥111,864,871.10, which is a 21.05% increase from ¥92,410,090.50 in the previous year[21]. - The basic earnings per share for the reporting period was ¥0.225, a 1.81% increase from ¥0.221 in the same period last year[21]. - The diluted earnings per share also stood at ¥0.225, reflecting the same 1.81% increase compared to the previous year[21]. - The company reported a net profit contribution of 0 yuan from the sold equity during the period from the beginning of the year until the sale date[65]. - The company reported a net profit for the first half of 2021 of CNY -37.4 million, indicating a loss compared to the previous year[167]. - The company achieved a profit margin of approximately 27.9% in the first half of 2021, compared to 22.8% in the same period of 2020[155]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥66,184,983.44, a significant decrease of 2,387.69% compared to ¥2,893,095.25 in the same period last year[21]. - The company’s cash and cash equivalents decreased by 228.84% to -¥290,765,656.47, attributed to increased operating cash outflows and reduced financing cash inflows[36]. - The cash flow from operating activities in the first half of 2021 was CNY 663,738,337.54, an increase from CNY 561,581,228.40 in the first half of 2020[159]. - The ending balance of cash and cash equivalents was 142,275,388.15 CNY, down from 167,205,157.89 CNY in the previous year[161]. - The net cash flow from investing activities was -175,368,616.16 CNY, compared to -238,290,642.06 CNY in the same period last year, showing an improvement[161]. - Cash outflow from operating activities totaled 820,530,407.25 CNY, up from 665,895,980.23 CNY, representing an increase of about 23.2%[160]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,151,706,921.49, down 12.85% from ¥3,616,415,259.55 at the end of the previous year[21]. - The total liabilities of the company were not explicitly stated but can be inferred from the balance sheet data provided[141]. - The company's total liabilities decreased to CNY 1,596,954,852.66 from CNY 2,147,947,314.72, a reduction of approximately 25.7%[145]. - The total assets as of June 30, 2021, were CNY 2,316,183,402.33, down from CNY 2,492,433,295.10 at the end of 2020, representing a decline of about 7.1%[148]. - The company's total liabilities have increased to 1,337,300,000, indicating a rise in financial obligations[170]. Investment and R&D - Research and development investment decreased by 4.67% to ¥30,174,993.65, down from ¥31,652,346.41 in the previous year[36]. - The company plans to accelerate the R&D of 550kV GIS products and expand the market for complete electrical products[69]. - The company reported an investment loss of ¥3,035,108.05, primarily due to losses from investments in renewable energy projects[44]. - The company has made significant investments in new product development, contributing to a total investment of 913,490,000 in the current period[173]. Market and Business Strategy - The company plans to focus on its core business in power energy while reducing investments in the new energy vehicle sector[42]. - The company aims to mitigate risks from raw material price fluctuations by adjusting product sales prices in line with market trends[70]. - The company is focusing on technological advancements and innovation to maintain competitiveness in the market[167]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[167]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure and maintains transparent communication with investors through various platforms[91]. - The company has no significant legal disputes or administrative penalties during the reporting period[101]. - The financial report was approved by the board of directors on August 28, 2021[181]. - The financial statements are prepared based on the actual transactions and events, in accordance with the accounting standards issued by the Ministry of Finance[183]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[6]. - The total number of stock options granted was adjusted from 21.22 million to 21.01 million due to changes in the number of eligible participants[79]. - Major shareholder Ma Xiaowu holds 19.53% of the total shares, amounting to 104,388,594 shares[128]. - The company has a total of 34,710 common stock shareholders at the end of the reporting period[127].