通达股份(002560) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥976,161,666.76, a decrease of 4.99% compared to ¥1,027,445,142.02 in the same period last year[20]. - The net profit attributable to shareholders was ¥47,615,098.03, down 49.55% from ¥94,372,673.60 year-on-year[20]. - The net cash flow from operating activities was -¥198,556,365.02, representing a decline of 77.76% compared to -¥111,700,712.56 in the previous year[20]. - Basic earnings per share decreased by 57.14% to ¥0.09 from ¥0.21 in the same period last year[20]. - The company's operating revenue for the reporting period was approximately ¥976.16 million, a decrease of 4.99% compared to ¥1,027.45 million in the same period last year[41]. - The operating cost decreased by 2.39% to approximately ¥825.66 million from ¥845.90 million year-on-year[41]. - The company reported a net profit of 31,550,130.41 CNY from its subsidiary Chengdu Hangfei, contributing significantly to overall performance[57]. - The company reported a net profit for the first half of 2021 of CNY 47,289,094.75, down 45.1% from CNY 86,249,062.63 in the same period last year[148]. - The total comprehensive income for the first half of 2021 was CNY 10,196,940.00, significantly lower than CNY 83,280,507.11 in the first half of 2020[153]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,449,068,367.88, an increase of 3.70% from ¥3,325,982,220.58 at the end of the previous year[20]. - The total assets of the company reached 3,084 million yuan, indicating a robust asset base for future operations[165]. - The total liabilities rose to CNY 1,008,597,878.81 from CNY 932,978,517.74, indicating an increase of about 8.1%[140]. - The total liabilities at the end of the reporting period were recorded at 1,302,010,000 CNY, showing a manageable level of debt[170]. - The company's equity attributable to shareholders increased to CNY 2,367,345,654.77 from CNY 2,319,552,865.26, reflecting a growth of approximately 2.1%[141]. Revenue Segmentation - Revenue from the wire and cable segment was CNY 899,037,559.08, accounting for 92.10% of total revenue, down 4.78% year-on-year[43]. - The medical and military segment saw a revenue increase of 30.02%, reaching CNY 77,124,107.68, up from CNY 59,314,961.53 in the previous year[43]. Research and Development - Research and development investment increased by 8.05% to approximately ¥37.35 million, compared to ¥34.57 million in the previous year[41]. - The company has developed new products including B-1 grade flame-retardant cables for electrified rail transit and subways, enhancing its product portfolio[35]. - Research and development expenses for the first half of 2021 were CNY 37,346,907.08, representing an increase of 8.2% from CNY 34,565,801.76 in the same period last year[146]. Operational Strategy - The company operates primarily in two sectors: wire and cable production and aviation component processing[28]. - The aviation component processing segment has seen significant capacity increases, particularly in titanium alloy structural components, with a focus on "dark factory" and "unmanned factory" development[29]. - The company aims to enhance its production scale and profitability by expanding its presence in the domestic military aircraft market and increasing new capacity investments[33]. - The company is focused on expanding its customer base to reduce dependency on major clients, particularly in the aviation parts manufacturing sector[62]. - The company is actively exploring new markets, including electrified railways and urban rail transit, to enhance its competitive position[62]. Risk Management - The company faces operational risks and has outlined measures to address these risks in the report[5]. - The company faces risks related to policy changes in the electric cable industry, which could impact market demand due to macroeconomic conditions[58]. - The company has established long-term supply contracts to mitigate risks from raw material price fluctuations, primarily for aluminum and copper[59]. Corporate Governance - The company has established a comprehensive governance structure to protect the rights of shareholders and creditors, ensuring transparent and timely information disclosure[77]. - The company has committed to ensuring that no competitive investments are made by senior management during their tenure, reinforcing corporate governance[89]. - The financial report for the first half of 2021 has not been audited, which is a standard practice for semi-annual reports[94]. Social Responsibility and Sustainability - The company donated 1 million yuan to the disaster relief efforts in response to severe flooding in Henan, providing essential supplies to affected areas[80]. - The company emphasizes a commitment to environmental protection and sustainable development, ensuring compliance with national environmental standards[82]. - The company has implemented strict safety measures and is closely monitoring pandemic developments to coordinate orders, procurement, production, and delivery[65]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,938[125]. - Major shareholder Shi Wanfu held 16.56% of shares, with a decrease of 21,616,763 shares during the reporting period[125]. - The company has not engaged in any significant equity or non-equity investments during the reporting period[53][54]. Future Outlook - The company has set a future outlook with a revenue target of 3 billion CNY for the full year 2021, which would require a 25% increase in the second half of the year[89]. - The company plans to focus on market expansion and new product development in the upcoming quarters to improve financial performance[146].