LEEJUN(SZ:002651)2021-08-25 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 524,184,492.53, representing an increase of 89.72% compared to CNY 276,291,249.75 in the same period last year[25]. - The net profit attributable to shareholders of the listed company reached CNY 141,867,568.29, up 104.79% from CNY 69,274,271.39 in the previous year[25]. - The net profit after deducting non-recurring gains and losses was CNY 130,171,558.08, reflecting a growth of 125.40% compared to CNY 57,751,382.19 in the same period last year[25]. - The net cash flow from operating activities was CNY 80,104,885.35, an increase of 42.60% from CNY 56,173,820.78 in the previous year[25]. - Basic earnings per share were CNY 0.14, doubling from CNY 0.07 in the same period last year[25]. - Total operating costs rose by 80.25% year-on-year to CNY 284.29 million, primarily due to the increase in revenue[55]. - The gross profit margin for the manufacturing sector was 45.63%, with a revenue increase of 97.63% and a cost increase of 85.53% compared to the previous year[66]. Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 3,083,218,144.65, a 3.55% increase from CNY 2,977,508,154.92 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company were CNY 2,428,578,931.09, up 2.58% from CNY 2,367,567,946.56 at the end of the previous year[25]. - The company’s asset-liability ratio stood at 21.23% as of June 30, 2021, indicating a stable asset structure[55]. - Cash and cash equivalents increased to ¥744,833,186.36, representing 24.16% of total assets, up from 15.17% last year, a change of 8.99%[75]. - Accounts receivable rose to ¥333,872,409.06, accounting for 10.83% of total assets, an increase of 3.43% from 7.40% last year, primarily due to increased revenue from the wholly-owned subsidiary[75]. - Inventory decreased to ¥366,882,915.81, making up 11.90% of total assets, down by 1.50% from 13.40% last year[75]. Business Segments - The main business segments include grinding systems and aerospace components manufacturing, with grinding systems being a key focus area[35]. - The core product in the grinding systems segment is the roller press, which is highly efficient and energy-saving, widely used in cement, mining, and metallurgy industries[35]. - The aerospace components segment includes precision machining and assembly for military and civilian aircraft, with products used in major aircraft models like Boeing 737 and Airbus A320[42]. - The company is focused on expanding its product applications in various industries, including chemical and aerospace, to enhance market reach and revenue streams[40]. - The market for high-pressure roller mills in the metal mining sector is growing rapidly, particularly in iron ore mining, influenced by fluctuations in iron ore prices[39]. Research and Development - The company is committed to innovation and R&D, continuously developing new products to meet the evolving needs of the market and regulatory environment[38]. - The company holds 133 valid national patents, including 55 invention patents, showcasing its strong R&D capabilities[56]. - Research and development expenses increased to ¥14,764,190.77 from ¥8,887,703.71, reflecting the company's commitment to enhancing R&D efforts[65]. Dividends and Shareholder Rights - The company plans to distribute a cash dividend of CNY 1.5 per 10 shares, based on a total of 1,033,460,000 shares[6]. - The total distributable profit as of June 30, 2021, was 333,073,530.40 CNY, with the cash dividend representing 100% of the profit distribution[112]. - The company emphasizes the protection of shareholder rights, ensuring accurate and timely information disclosure to all investors[126]. Market Conditions and Risks - The overall economic recovery in China is expected to positively impact the company’s performance and market opportunities in the aerospace sector[48]. - Risks include potential policy adjustments in the aerospace industry that could impact business development, which the company aims to mitigate by closely monitoring industry trends[103]. - The impact of the COVID-19 pandemic remains a concern, with the company implementing measures to ensure smooth operations amid potential disruptions[105]. Corporate Governance and Compliance - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment[136]. - The company has not engaged in any major related party transactions during the reporting period, ensuring transparency[140]. - The semi-annual report was not audited, which may affect the perception of financial reliability[134]. - The company’s board approved changes to accounting policies in accordance with relevant regulations, ensuring compliance with accounting standards[158]. Employee Engagement and Welfare - Employee welfare is prioritized, with a comprehensive benefits mechanism including health checks and financial support for employees in need[126]. - The company plans to enhance employee motivation through a share transfer to an employee stock ownership platform, reducing its stake in Chengdu Lijun Huanji Intelligent Equipment Technology Co., Ltd. from 100% to 70%[94].