Anjie(SZ:002635)2021-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,615,306,469.18, representing a 19.40% increase compared to ¥1,352,876,312.77 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 93.32% to ¥28,472,432.94 from ¥426,479,042.90 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 79.97% to ¥14,055,971.37 from ¥70,175,412.15 year-on-year[20]. - Basic earnings per share dropped by 93.94% to ¥0.04 from ¥0.66 in the same period last year[20]. - The total operating revenue for the main business was ¥1.55 billion, up 24.20% year-on-year, with a gross margin of 20.54%[44]. - The revenue from new energy vehicle products surged by 229.40% to ¥358,592,334.94, indicating strong market demand[42]. - The company's revenue for the reporting period reached ¥1,615,306,469.18, representing a year-on-year increase of 19.40% due to increased customer orders[39]. - The cost of sales increased by 15.97% to ¥1,253,448,412.59, primarily driven by the rise in customer orders[39]. - Research and development expenses rose by 42.02% to ¥132,264,098.46, reflecting the company's increased investment in project development[39]. - The company reported a net cash flow from operating activities of -¥74,034,757.60, a decrease of 135.31% compared to the previous year, mainly due to increased inventory and R&D investments[40]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,211,191,034.72, a decrease of 1.58% from ¥7,327,018,193.54 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company decreased by 5.40% to ¥5,659,143,964.45 from ¥5,981,995,305.59 at the end of the previous year[20]. - The company's cash and cash equivalents decreased by ¥440.28 million, representing a 5.77% decline compared to the previous year[49]. - Accounts receivable increased by ¥196.79 million, a rise of 2.92% year-on-year, attributed to increased sales orders[49]. - Inventory rose by ¥148.43 million, a 2.16% increase year-on-year, due to higher customer orders[49]. - The total liabilities were CNY 3,449,692,835.81, which indicates a significant portion of the company's assets are financed through liabilities[149]. - The total liabilities increased to CNY 1,541,610,496.69 as of June 30, 2021, compared to CNY 1,344,550,109.98 at the end of 2020, representing an increase of approximately 14.7%[151]. Cash Flow - The net cash flow from operating activities was negative at -¥74,034,757.60, a decline of 135.31% compared to ¥209,652,691.42 in the previous year[20]. - Total cash inflow from investment activities was 3,558,401,932.98 CNY, while cash outflow was 3,656,581,052.54 CNY, resulting in a net cash flow of -98,179,119.56 CNY[167]. - Cash flow from financing activities showed a net outflow of -258,271,165.14 CNY, compared to a net inflow of 27,390,112.32 CNY in the previous period, reflecting increased financial strain[167]. - The total cash and cash equivalents at the end of the period stood at 1,049,074,555.26 CNY, down from 727,888,916.86 CNY in the previous period[167]. Market and Product Development - The company’s main business includes the R&D, production, and sales of precision functional components and modules for various smart devices, with a focus on expanding into new materials and module solutions[28]. - The company is actively developing new products for the VR/AR market, which is expected to grow at a CAGR of 53.1% over the next five years[30]. - The company is focusing on the development of wireless charging solutions for electric vehicles, leveraging its expertise in electronic technology[32]. - The company aims to expand its market share in the electric vehicle components sector, including high-voltage connection components and battery covers[31]. - The company is focusing on the development of hydrogen fuel cell technology and has increased investments in this area[33]. - The company is actively expanding its product offerings in the 5G communication sector, developing RF devices and antennas[33]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities[76]. - The total chemical oxygen demand (COD) discharge was 15.03 tons per year, with a concentration of 164 mg/L[76]. - The company has implemented measures for hazardous waste management, ensuring 100% harmless treatment of solid waste[77]. - The company emphasizes social responsibility, focusing on shareholder and creditor rights protection, employee welfare, and environmental protection[83]. - The company has established an environmental management system and regularly conducts training and drills to enhance emergency response capabilities[81]. Corporate Governance and Compliance - The company plans not to distribute cash dividends or issue bonus shares[6]. - There were no changes in the board of directors, supervisors, or senior management during the reporting period[72]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[73]. - The semi-annual financial report has not been audited[91]. - The company has not undergone any bankruptcy reorganization during the reporting period[93]. - The total amount of related party transactions during the reporting period was 325.26 million yuan, with no transactions exceeding the approved limits[98]. Future Outlook and Strategy - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters, aiming for sustainable growth[179]. - The company is investing in new technology development to improve operational efficiency and product innovation, which is anticipated to enhance competitive advantage[179]. - To mitigate risks, the company plans to enhance customer cooperation, increase investment in new products and technologies, and expand into new markets such as electric vehicles and 5G communications[64].