汉缆股份(002498) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 3,766,108,672.12, representing a 27.10% increase compared to CNY 2,963,181,497.42 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was CNY 485,569,623.69, up 38.29% from CNY 351,127,534.83 year-on-year[23]. - The net profit after deducting non-recurring gains and losses was CNY 472,181,812.10, reflecting a 38.10% increase compared to CNY 341,907,783.17 in the previous year[23]. - The basic earnings per share increased to CNY 0.15, a rise of 36.36% from CNY 0.11 in the same period last year[23]. - The total operating revenue for the first half of 2021 was CNY 3,766,108,672.12, representing a year-on-year increase of 27.10% compared to CNY 2,963,181,497.42 in the same period last year[50]. - The company reported a total comprehensive income of ¥418,933,491.44 for the first half of 2021, compared to ¥437,376,678.20 in the same period of 2020[183]. - The company reported a total profit of ¥522.64 million, which is an increase from ¥387.18 million, marking a growth of 35%[185]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 8,150,955,720.70, an increase of 8.49% from CNY 7,512,857,007.87 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company were CNY 6,034,158,281.96, up 7.03% from CNY 5,637,562,935.02 at the end of the previous year[23]. - The asset-liability ratio stood at 24.39%, indicating a strong financial position with no debt risk[31]. - The company's total liabilities increased to ¥1,727,701,183.78 in the first half of 2021, compared to ¥1,613,425,601.23 in the same period of 2020[176]. - Total liabilities amounted to CNY 1,988,062,913.73, an increase from CNY 1,857,524,000.38, indicating a rise of about 7.0%[170]. - The company's total liabilities to total assets ratio stands at approximately 24.4%, indicating a stable financial structure[170]. Cash Flow - The net cash flow from operating activities was negative at CNY -204,882,637.26, a decrease of 148.00% compared to CNY 426,866,708.23 in the same period last year[23]. - The company reported a significant increase in accounts receivable, which rose to CNY 2,424,415,570.07 from CNY 1,950,772,354.28, a growth of about 24.2%[174]. - The company's cash and cash equivalents decreased from 878,004,383.28 yuan at the end of 2020 to 490,337,227.72 yuan by June 30, 2021, representing a decline of approximately 44.1%[167]. - The net cash flow from operating activities for the first half of 2021 was -330,095,054.37 CNY, a decrease from 134,801,013.09 CNY in the same period of 2020[189]. - The company reported a total cash inflow from operating activities of 3,096,914,149.62 CNY, while cash outflow was 3,427,009,203.99 CNY, leading to a negative cash flow from operations[189]. Research and Development - The company's R&D investment increased by 68.10% to CNY 211.34 million, up from CNY 125.72 million in the previous year, reflecting a focus on high-voltage cable and material projects[44]. - The company applied for a total of 9 patents in the first half of 2021, including 2 invention patents and 7 utility model patents, and participated in the formulation of 4 national standards[37]. - Research and development expenses increased to ¥211,342,678.31 in the first half of 2021, compared to ¥125,723,005.14 in the first half of 2020, reflecting a growth of 68.0%[178]. Market Position and Strategy - The company has established Qingdao Hanhe Hydrogen Energy Equipment Technology Co., Ltd. to develop hydrogen energy backup power and related products[31]. - The company is focusing on high-end product profitability while maintaining market share for low-end products, emphasizing quality and service in brand building[32]. - The company is actively promoting e-commerce platforms alongside traditional sales channels to enhance sales performance[32]. - The company has established a strong marketing network and a well-experienced marketing team, enhancing its market share in various sectors including power, oil, and communications[42]. - The company plans to expand its market presence both domestically and internationally, focusing on technological innovation and structural improvements to enhance risk management capabilities[72]. Corporate Governance and Social Responsibility - The company emphasizes its commitment to social responsibility, advocating for green, safe, and sustainable development while creating valuable products and services for stakeholders[85]. - During the reporting period, the company enhanced shareholder and investor rights protection by improving governance and increasing transparency in information disclosure[85]. - The company focuses on employee rights protection by providing a good working environment, regular health checks, and opportunities for career development[85]. - The company has prioritized environmental protection by adhering to national regulations and implementing eco-friendly production processes[86]. Subsidiaries and Investments - The company reported significant revenue from its subsidiaries, with Jiaozuo Hanhe Cable Co., Ltd. generating operating income of approximately CNY 937.49 million and net profit of CNY 46.02 million, contributing over 10% to the company's net profit[68]. - The total assets of Jiaozuo Hanhe Cable Co., Ltd. were approximately CNY 1.08 billion, while its net assets stood at around CNY 619.54 million, indicating a strong financial position[68]. - The company acquired 34.26% equity in Shanghai Hengjin Power Technology Co., Ltd. from Qingdao Hanhe Group, with performance commitments for net profits of no less than CNY 2.7173 million, CNY 10.4499 million, and CNY 15.28 million for 2020, 2021, and 2022 respectively[102]. Risks and Challenges - The company faces risks related to industry policies, raw material price fluctuations, and market competition, which could impact profitability and operational stability[72][73][75]. - The company has committed to increasing R&D investment to maintain technological advantages and adapt to rapid industry changes, ensuring its competitive edge[74].