申科股份(002633) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥93,307,848.01, representing a 10.84% increase compared to ¥84,186,093.85 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was ¥2,533,701.89, a significant turnaround from a loss of ¥2,803,229.92, marking a 190.39% improvement[21]. - Basic and diluted earnings per share both improved to ¥0.0169 from a loss of ¥0.0187, reflecting a 190.37% increase[21]. - The company's revenue for the current period reached ¥93,307,848.01, representing a year-over-year increase of 10.84% compared to ¥84,186,093.85 in the same period last year[38]. - The total profit for the first half of 2021 was CNY 2,533,701.89, a turnaround from a total loss of CNY 2,803,229.92 in the first half of 2020[126]. - The company's net loss for the first half of 2021 was CNY 4,248,419.66, compared to a net loss of CNY 3,509,434.72 in the same period of 2020[124]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at ¥28,485,455.34, a decline of 307.72% compared to a positive cash flow of ¥13,713,555.30 in the previous year[21]. - The cash flow from operating activities showed a net outflow of CNY 28,485,455.34, compared to a net inflow of CNY 13,713,555.30 in the same period last year[133]. - The company's net cash and cash equivalents decreased by 131.26% to -¥14,937,106.78, primarily due to a reduction in cash received from sales[38]. - Cash and cash equivalents decreased significantly from CNY 31,210,953.39 at the end of 2020 to CNY 13,731,852.83, a decline of about 56.0%[115]. - The ending balance of cash and cash equivalents was CNY 1,664,826.68, significantly lower than CNY 73,184,534.26 at the end of the first half of 2020[138]. - The net cash flow from financing activities dropped by 82.40% year-on-year, amounting to 11.73 million yuan, primarily due to decreased borrowings[36]. Assets and Liabilities - Total assets at the end of the reporting period were ¥634,108,402.92, up 1.09% from ¥627,294,102.26 at the end of the previous year[21]. - Total liabilities decreased slightly to CNY 156,660,867.90 from CNY 156,925,212.40 at the end of 2020[122]. - Accounts receivable increased to CNY 104,523,917.05, which is 16.48% of total assets, reflecting a rise in sales but a decline in cash collection[49]. - Inventory rose to CNY 125,532,780.38, accounting for 19.80% of total assets, primarily due to capacity expansion and rising raw material prices[49]. - Short-term borrowings increased to CNY 42,559,890.24, representing 6.71% of total assets, driven by funding needs for capacity expansion[49]. Research and Development - Research and development expenses surged by 107.98% year-on-year, reaching 9.37 million yuan, attributed to increased investment in new R&D projects[36]. - The company emphasizes technological innovation and has established stable partnerships with key universities for collaborative R&D in the sliding bearing field[34]. - The company is focused on market-oriented research and development of new technologies, products, and processes to meet increasing customer demands and avoid product obsolescence[62]. Business Operations - The company operates under a unique business model characterized by small-batch, multi-variety, and custom production based on orders[31]. - The company has established long-term partnerships with major enterprises such as Siemens and GE, enhancing its customer resource quality[35]. - The company is a key player in the thick-walled sliding bearing sector in China, recognized as a national high-tech enterprise with leading capabilities in R&D, design, and manufacturing[33]. Future Outlook and Strategy - The company aims to enhance product quality and brand influence to maintain market share amid increasing competition in the sliding bearing industry[60]. - The company plans to develop new products and diversify its customer base to mitigate risks associated with customer concentration[61]. - The management expressed optimism about achieving a revenue growth target of 10% in the upcoming fiscal year[146]. Corporate Governance and Compliance - There were no significant lawsuits or arbitration matters during the reporting period[81]. - The company has not engaged in any major related party transactions during the reporting period[83]. - The company has not experienced any penalties or rectification situations during the reporting period[82]. - The financial report for the first half of 2021 was not audited[113]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 7,866[101]. - The largest shareholder, He Quanbo, holds 28.12% of the shares, totaling 42,187,466 shares[101]. - Beijing Huachuang Yi Sheng Asset Management holds 13.76% of the shares, totaling 20,643,750 shares, which are pledged[101]. Accounting Policies - The company adheres to the enterprise accounting standards, ensuring the financial statements reflect a true and complete picture of its financial status[157]. - The accounting currency used is Renminbi (RMB)[160]. - The preparation of consolidated financial statements includes all subsidiaries controlled by the parent company, based on the financial statements of the parent and its subsidiaries[162].