YILIDA(SZ:002686)2021-08-19 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 905,972,478.74, representing a 59.84% increase compared to CNY 566,792,165.97 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 30,075,113.39, a significant increase of 138.47% from CNY 12,611,503.19 in the previous year[22]. - The net profit after deducting non-recurring gains and losses reached CNY 25,765,225.01, marking a 741.64% increase compared to CNY 3,061,318.36 in the same period last year[22]. - The basic earnings per share increased by 83.10% to CNY 0.0531 from CNY 0.0290 in the previous year[22]. - The total operating revenue for the first half of 2021 reached CNY 905,972,478.74, a significant increase of 59.73% compared to CNY 566,792,165.97 in the same period of 2020[130]. - The total operating costs for the first half of 2021 were CNY 870,145,558.82, up from CNY 570,823,704.80 in the first half of 2020, reflecting a growth of 52.51%[130]. - The net profit attributable to the parent company for the first half of 2021 was CNY 20,327,957.95, compared to a loss of CNY 1,723,571.25 in the same period of 2020[129]. - The company's total profit for the first half of 2021 was ¥35.32 million, significantly higher than ¥15.71 million in the first half of 2020, marking a 124.83% increase[132]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,103,489,224.49, a decrease of 9.20% from CNY 3,418,012,138.43 at the end of the previous year[22]. - The company's total assets as of June 30, 2021, amounted to CNY 2,264,407,462.14, slightly down from CNY 2,290,633,434.84 at the end of 2020[128]. - The total liabilities decreased to CNY 755,771,093.05 in the first half of 2021 from CNY 804,048,594.95 in the same period of 2020, indicating a reduction of 6.67%[129]. - The total liabilities at the end of the first half of 2021 were CNY 224.56 million, indicating a stable financial structure[148]. - The company's total assets at the end of the reporting period amounted to 1,508,636,369.09 yuan, indicating growth in asset base[153]. - The company reported a decrease in total liabilities, which stood at 976,770,000 yuan, reflecting improved financial stability[152]. Cash Flow - The net cash flow from operating activities was CNY 35,971,347.65, reflecting a 9.35% increase from CNY 32,895,927.57 in the same period last year[22]. - The cash and cash equivalents decreased significantly to CNY 124,321,549.59 from CNY 417,693,056.85 at the end of 2020, a decline of 70.24%[127]. - The company reported a net cash flow from financing activities of CNY -306,879,770.62, a significant decrease from CNY 22,649,254.94 in the first half of 2020[141]. - The cash inflow from operating activities totaled CNY 236,044,906.68, a decrease from CNY 248,925,684.21 in the first half of 2020, reflecting a decline of about 5.5%[143]. - The company experienced a net decrease in cash and cash equivalents of CNY -289,347,351.60 in the first half of 2021, contrasting with an increase of CNY 25,335,779.11 in the same period of 2020[141]. Research and Development - Research and development expenses rose by 27.69% to ¥43,331,137.73 from ¥33,934,361.02, indicating a commitment to innovation[40]. - The company's research and development expenses increased to CNY 43,331,137.73 in the first half of 2021, compared to CNY 33,934,361.02 in the same period of 2020, marking a rise of 27.56%[130]. - The company is developing new products such as energy-saving motors and vehicle lightweight components, which may face market acceptance risks[58]. - The company has initiated research and development for new technologies aimed at improving energy efficiency and reducing operational costs[157]. Market and Sales - Domestic sales accounted for 89.83% of total revenue, amounting to ¥813,862,972.57, while export sales contributed 10.17% at ¥92,109,506.17[43]. - The revenue from the new energy vehicle parts manufacturing segment surged by 355.28% to ¥252,954,496.32 from ¥55,560,749.21[42]. - The company is optimistic about the long-term growth of the fan industry, driven by the development of the refrigeration and air conditioning industry, as well as increasing demand for energy-efficient products[31]. - The company has established long-term strategic partnerships with central air conditioning clients to mitigate risks from raw material price fluctuations[59]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[7]. - The annual shareholders meeting had a participation rate of 47.81% on May 18, 2021[62]. - There were no changes in the board of directors, supervisors, or senior management during the reporting period[63]. - The company confirmed that there were no major losses or gains from leasing projects that reached 10% of the total profit for the reporting period[94]. Legal and Compliance - The company has ongoing litigation regarding performance compensation claims amounting to RMB 128.31 million for 2020[72]. - The company is currently facing risks related to the limited cash assets of Dai Mingxi, primarily consisting of equity assets, which may complicate asset liquidation[78]. - The company has prudently recognized asset impairment provisions due to ongoing bankruptcy restructuring of related parties[79]. - The company has not engaged in any external guarantees during the reporting period[74]. Financial Reporting and Accounting - The financial report for the first half of 2021 has not been audited[120]. - The company prepares consolidated financial statements based on the financial statements of the parent company and its subsidiaries, following the relevant accounting standards[184]. - The company recognizes expected credit losses for financial assets measured at amortized cost and those measured at fair value through other comprehensive income[194]. - The company’s financial report adheres to the disclosure requirements set forth by the China Securities Regulatory Commission[1].