Homa(002668)2021-08-06 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 4,806,425,249.40, representing a 33.99% increase compared to CNY 3,587,158,549.06 in the same period last year[27]. - The net profit attributable to shareholders of the listed company was CNY 78,116,103.85, up 42.86% from CNY 54,680,534.86 in the previous year[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 48,846,943.88, a slight increase of 1.25% from CNY 48,242,164.16[27]. - The basic and diluted earnings per share both increased to CNY 0.07, a 40.00% rise from CNY 0.05[27]. - The weighted average return on net assets rose to 3.53%, up from 2.12% in the previous year[27]. - The company's operating revenue for the current period reached ¥4,806,425,249.40, representing a year-on-year increase of 33.99% compared to ¥3,587,158,549.06 in the same period last year[41]. - The net profit attributable to shareholders was CNY 78.12 million, up 42.86% compared to the same period last year[37]. - The company reported a net profit of CNY 446.14 million from its subsidiary, Guangdong Oma Icebox Co., Ltd., which is a significant contributor to its overall profitability[62]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,711,891,318.98, reflecting a 5.41% increase from CNY 9,213,480,693.30 at the end of the previous year[27]. - The net assets attributable to shareholders of the listed company were CNY 2,239,561,469.73, a 2.62% increase from CNY 2,182,408,396.27[27]. - The company's total assets amounted to approximately CNY 9.71 billion, an increase from CNY 9.21 billion at the end of 2020, reflecting a growth of about 5.4%[174]. - The company's current liabilities, including short-term borrowings, increased to approximately CNY 847.38 million from CNY 668.00 million, reflecting a rise of about 27%[177]. - The total liabilities increased to ¥6,271,788,297.82, up from ¥5,901,675,838.05, representing a growth of approximately 6.3%[180]. Cash Flow - The net cash flow from operating activities was negative at CNY -546,282,272.62, a significant decrease compared to CNY 11,050,657.12 in the same period last year, representing a decline of 5,043.44%[27]. - The company reported a total cash and cash equivalents decrease of ¥681,840,583.92, a 3,669.05% increase in outflow compared to the previous year[44]. - The company's cash and cash equivalents decreased to approximately CNY 3.68 billion from CNY 4.12 billion, representing a decline of about 10.6%[174]. Operational Highlights - The company’s refrigerator shipment volume reached 5.68 million units, a year-on-year increase of 14.90%, with exports accounting for 5.18 million units, up 15.80%[37]. - The average retail price of domestic refrigerators increased by 13.7% due to rising raw material costs, with retail sales volume growing by 5.9%[37]. - The company has maintained its position as the largest refrigerator ODM manufacturer in China, with a production capacity of 13 million units annually[40]. Financial Technology Segment - The financial technology segment reported zero revenue, a decline of 100.00%, with a net loss of CNY 149.42 million, down 13.55% year-on-year[37]. - The company plans to terminate all financial technology operations to focus on its core refrigerator manufacturing business[37]. - The financial technology segment's net cash flow from operating activities was -931.75 million CNY, primarily due to an increase in factoring receivables[130]. - The company has decided to terminate its financial technology business segment and dispose of related assets due to significant changes in the macroeconomic environment and increasing competition, aiming to focus on its core refrigerator manufacturing business[127]. Risk Management - The management highlighted potential risks and countermeasures in the report, urging investors to pay attention to investment risks[7]. - The company faces significant market risks, including potential impacts from changes in trade policies and economic conditions affecting its export business, which is a substantial part of its revenue[63]. - The company is exposed to risks from fluctuations in raw material prices, which significantly impact production costs, particularly for compressors, steel, and plastics[63]. - The company is facing risks from exchange rate fluctuations, particularly with its export business primarily quoted and settled in USD and EUR[66]. - The company is actively monitoring interest rates and managing its debt structure to mitigate interest rate risks[66]. Environmental Compliance - The company has achieved compliance with environmental discharge standards for various pollutants, including a chemical oxygen demand of 55 mg/L[83]. - The company has established a wastewater treatment station that meets the Guangdong Province's discharge standards for electroplating wastewater[88]. - There were no administrative penalties due to environmental issues during the reporting period[92]. - The company has developed an emergency response plan for environmental incidents and conducts regular drills[90]. Shareholder Information - The company plans to issue 325,233,427 A-shares at a price of 3.86 CNY per share, raising a total of 1.255 billion CNY, which will be used for building a cross-border e-commerce intelligent marketing cloud platform, repaying bank loans, and supplementing working capital[126]. - During the reporting period, shareholder Zhao Guodong reduced his holdings by 13,923,000 shares due to judicial auction, completing the transfer on April 22, 2021[142]. - The total number of shareholders holding more than 5% of the shares is 54,393, with a total of 10 major shareholders reported[148].