嘉麟杰(002486) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥446,624,247.56, a decrease of 25.92% compared to ¥602,921,552.74 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was a loss of ¥8,344,844.23, representing a decline of 119.61% from a profit of ¥42,553,095.56 in the previous year[19]. - The net cash flow from operating activities was negative at ¥210,156,793.46, a significant decrease of 282.96% compared to ¥114,862,841.10 in the same period last year[19]. - The basic earnings per share were -¥0.0100, down 119.57% from ¥0.0511 in the previous year[19]. - The total revenue for the first half of 2021 was 14,331 million RMB, with a year-on-year growth of 12.13%[77]. - The net profit for the first half of 2021 was a loss of CNY 7.85 million, compared to a profit of CNY 43.26 million in the same period of 2020[157]. - The company reported a significant increase in financial expenses by 428.12% to ¥5,617,008.87, primarily due to foreign exchange losses from the appreciation of the RMB against the USD[51]. - The company reported a total cash inflow from investment activities of CNY 32,834,679.16 in the first half of 2021, a recovery from a cash outflow of CNY -118,285,547.16 in the same period of 2020[166]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,224,404,970.67, a decrease of 2.26% from ¥1,252,696,039.80 at the end of the previous year[19]. - The company's total liabilities decreased from CNY 14.41 billion in the previous year to CNY 13.09 billion in the current year, a reduction of approximately 9.1%[154]. - The company's current assets totaled CNY 737,152,871.93, down from CNY 771,376,986.13 at the end of 2020, indicating a decrease of about 4.4%[148]. - Cash and cash equivalents decreased significantly from CNY 278,967,887.96 at the end of 2020 to CNY 146,147,016.33, a drop of approximately 47.5%[147]. - Inventory increased from CNY 183,913,470.31 at the end of 2020 to CNY 283,376,451.43, representing a rise of about 54.2%[147]. - Short-term borrowings rose by 2.52% to ¥111,873,555.55, mainly due to new bank loans during the reporting period[69]. Research and Development - The company reported a research and development investment of 17.54 million yuan, accounting for 3.93% of operating revenue, an increase of 0.90% compared to the same period last year[45]. - The company has obtained a total of 103 authorized patents, including 52 invention patents and 51 utility model patents, as of June 30, 2021[45]. - The company focuses on R&D collaboration with renowned research institutions and universities to innovate new products[31]. - The company has increased its R&D projects focusing on new products made from wool and polyester, enhancing its core competitiveness[43]. Market and Industry Trends - Sales of textile and garment fabrics and finished products increased by 59.25% compared to the same period last year, reflecting a recovery trend[29]. - The textile and garment industry saw a 40.3% year-on-year increase in clothing exports in the first half of 2021, driven by recovering external demand[35]. - The average growth rate of online retail sales of clothing and textiles was 24.1% in the first half of 2021, indicating a strong market demand[36]. - The company is heavily impacted by international trade policies, with a significant portion of its revenue derived from exports, making it vulnerable to unfavorable changes in trade regulations[84]. Risk Management - The company faces potential risks including international situations, exchange rate fluctuations, and product development iterations[4]. - The management emphasizes the importance of risk awareness regarding forward-looking statements and future plans[4]. - The company has established risk management measures to mitigate legal and operational risks associated with foreign exchange derivatives[78]. - To address currency risk, the company will implement financial planning and engage in foreign exchange derivative transactions for hedging purposes[86]. Environmental and Sustainability Initiatives - The company has established a wastewater treatment plant with a design capacity of 3,500 tons per day, ensuring compliance with environmental standards[49]. - The company has been recognized as a national "green factory" and "green supply chain management enterprise" by the Ministry of Industry and Information Technology[50]. - The company emphasizes green development in product design, balancing economic benefits with environmental protection and health considerations[100]. - The company has received environmental impact assessment approval for its high-end fabric production technology upgrade project, indicating a commitment to sustainable practices[97]. Corporate Governance and Shareholder Information - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[104]. - The company has not conducted any major mergers or acquisitions during the reporting period[102]. - The total number of ordinary shareholders at the end of the reporting period was 69,594[134]. - Shanghai Guojun Investment Co., Ltd. held 17.55% of the shares, totaling 146,030,800 shares, with a decrease of 2,450,200 shares during the reporting period[134].