ROSHOW(SZ:002617)2021-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,854,957,052.53, representing a 62.07% increase compared to ¥1,144,551,133.01 in the same period last year[29]. - The net profit attributable to shareholders of the listed company was ¥160,879,290.47, a 6.29% increase from ¥151,352,628.33 year-on-year[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥42,294,460.86, showing a decrease of 43.60% compared to ¥74,996,511.50 in the previous year[29]. - The net cash flow from operating activities was -¥230,255,726.20, a decline of 257.94% from ¥145,782,471.28 in the same period last year[29]. - The total assets at the end of the reporting period were ¥8,655,276,524.74, an increase of 3.96% from ¥8,325,591,108.57 at the end of the previous year[29]. - The net assets attributable to shareholders of the listed company increased by 26.07% to ¥3,763,428,732.06 from ¥2,985,247,711.45 at the end of the previous year[29]. - The basic earnings per share remained at ¥0.10, unchanged from the same period last year[29]. - The diluted earnings per share also remained at ¥0.10, consistent with the previous year[29]. - The weighted average return on equity was 4.56%, down from 5.19% in the same period last year, a decrease of 0.63%[29]. - The company reported a total non-recurring profit and loss of 118,584,829.61, with significant contributions from investment income and other non-operating income[35]. Research and Development - The silicon carbide (SiC) business is a key focus, with a 148.07% year-on-year increase in R&D investment, marking a transformation towards high-end manufacturing[39]. - Research and development investment surged by 148.07% to ¥30,765,637.54, indicating a strong commitment to innovation[54]. - The company has developed a 6-inch quartz tube carbon silicon crystal growth furnace, achieving an extreme vacuum of less than 2×10^-5 Pa[51]. - The company has a strong research team led by Dr. Chen Zhizhan, who has over 23 years of experience in silicon carbide crystal growth research[51]. - The company is in the early stages of its silicon carbide business, which requires ongoing R&D investment and presents future uncertainties[98]. Market and Industry Trends - The global market for SiC power devices is projected to exceed $10 billion by 2027, driven by demand from the electric vehicle sector and other industries[39]. - The company’s silicon carbide substrate production is expected to benefit from the high demand in the semiconductor industry, particularly in power and RF devices[43]. - The global RF device market is expected to exceed $25 billion by 2025, with the RF power amplifier market growing from $6 billion in 2018 to $10.4 billion by 2025[45]. - China plans to build between 3.6 million and 4.92 million 5G macro base stations, which is 1.1 to 1.5 times the number of 4G macro base stations[45]. - China's cumulative and newly installed photovoltaic capacity ranks first in the world, accounting for 34.96% of the global total, with a projected scale of 805.2 GW by 2025[47]. - The National Energy Administration aims for wind and solar power to account for approximately 11% of total electricity consumption in China[46]. Business Operations - The company achieved a total photovoltaic power generation of 409 million kWh, generating revenue of 297 million, with ongoing investments in four solar power projects totaling 238.1 MW capacity[40]. - The electromagnetic wire business saw a revenue increase of 111.04% year-on-year, reaching 1.35 billion, with production volume up 61.83% to 27,999.63 tons[40]. - The industrial manufacturing segment accounted for 82.10% of total revenue, with a 96.61% year-on-year increase[57]. - Domestic sales contributed 92.23% of total revenue, reflecting a 67.59% increase compared to the previous year[57]. - The gross profit margin for the industrial manufacturing segment was 5.58%, down 2.62% year-on-year[57]. Environmental and Social Responsibility - The company has achieved compliance with environmental discharge standards for various pollutants, including benzene at 0.21 mg/m³ against a standard of 1 mg/m³[114]. - The total emissions of non-methane hydrocarbons were recorded at 16 mg/m³, well below the standard limit of 80 mg/m³[114]. - The company has implemented a stable operation of pollution control facilities, ensuring that emissions meet regulatory requirements[116]. - The wastewater treatment system recycles most of the industrial wastewater, with only a small amount discharged into the municipal network[118]. - The company actively engages in corporate social responsibility, focusing on environmental sustainability and community development[124]. Legal and Compliance Issues - There are ongoing lawsuits with a total claimed amount of approximately 6,148.15 million yuan related to various disputes, with some cases still pending judgment[140]. - The company is involved in multiple legal disputes, with some cases awaiting trial and others already judged[143]. - A court ruling on April 29, 2021, ordered Shanghai Shichen to pay the company a profit compensation of approximately 20.07 million yuan, along with interest calculated based on the People's Bank of China benchmark rates[149]. - The company has ongoing litigation involving a claim for 458 million yuan related to vehicle purchase refunds and penalties, with a first-instance judgment ordering partial repayment[156]. - The company reported no penalties or rectifications during the reporting period[160]. Investment and Financing Activities - The company sold a 100% equity stake in Zhejiang Lutong Electromechanical for ¥25,000,000, contributing ¥410.08 million to net profit[87]. - The company reported a significant increase in investment income from the equity sale, accounting for 67.18% of total net profit[87]. - The company issued 93,002,892 new shares at a price of 6.91 RMB per share, raising a total of 642,649,983.72 RMB[197]. - The net amount raised after deducting issuance costs is 615,222,445.11 RMB[197]. - The company has not engaged in any significant equity investments during the reporting period[72].