MLS(SZ:002745)2021-08-24 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥9,127,309,522.11, representing a 28.06% increase compared to ¥7,127,318,865.49 in the same period last year[27]. - The net profit attributable to shareholders of the listed company reached ¥646,006,112.47, a significant increase of 180.79% from ¥230,068,438.81 in the previous year[27]. - The net profit after deducting non-recurring gains and losses was ¥576,108,764.79, compared to a loss of ¥68,417,599.15 in the same period last year, marking a 942.05% improvement[27]. - The net cash flow from operating activities was ¥1,357,488,611.23, up 147.19% from ¥549,161,180.78 in the previous year[27]. - Basic earnings per share increased to ¥0.440, a rise of 144.44% compared to ¥0.180 in the same period last year[27]. - The total assets at the end of the reporting period were ¥30,473,574,667.03, a slight decrease of 0.98% from ¥30,775,237,621.62 at the end of the previous year[27]. - The net assets attributable to shareholders of the listed company increased to ¥12,924,935,369.10, reflecting a growth of 3.68% from ¥12,466,669,424.37 at the end of the previous year[27]. - The company achieved total revenue of 912,730.95 million yuan, an increase of 28.06% year-on-year[54]. - Net profit attributable to shareholders reached 64,600.61 million yuan, up 180.79% year-on-year, while net profit excluding non-recurring gains and losses was 57,610.88 million yuan, a staggering increase of 942.05%[54]. - The company's net assets attributable to shareholders grew by 26.12% to 1,292,493.54 million yuan[54]. Market and Industry Insights - The LED lighting market in China is projected to reach 582.5 billion CNY in 2021, reflecting a compound annual growth rate of 14.95% from 2016 to 2020[49]. - The global LED lighting market is expected to grow to 38.199 billion USD in 2021, with an annual growth rate of 9.5%[49]. - The Mini LED backlight packaging market is anticipated to reach 2.4 billion CNY by 2025, with a compound annual growth rate of 50.58%[52]. - The global plant lighting market size exceeded $3 billion in 2020, with China's LED plant lighting exports amounting to over $500 million, a year-on-year increase of 426.3%[53]. - The compound annual growth rate (CAGR) for the global HID plant supplement equipment market is projected to be approximately 20.8% from 2020 to 2024[53]. Strategic Initiatives - The company has established a global marketing network with over 800 marketing personnel covering more than 140 countries and regions[39]. - The company has formed strategic partnerships to ensure the supply of upstream LED chips, mitigating the impact of price fluctuations[44]. - The company is focusing on high-end LED application products, including Mini LED backlight and deep ultraviolet LED technologies[46]. - The company aims to enhance its brand value and operational synergy across its three main business areas[41]. - The company has a comprehensive global distribution system and maintains long-term partnerships with major retailers like Walmart and Metro[39]. - The company has developed new Mini LED RGB display module manufacturing technology, including electrode technology and related supporting equipment[59]. - The company is actively collaborating with stakeholders in the industry chain to develop LED plant factory solutions that meet the growth needs of various plants[60]. - The company launched a series of air purification products and established a subsidiary focused on real-time risk assessment and early warning for public spaces[61]. Research and Development - Research and development expenses increased by 74.76% to ¥283,469,236.79 from ¥162,202,461.40, indicating a significant investment in R&D[69]. - The company has a global R&D system with four major R&D centers, focusing on innovative technologies such as Miniled backlight technology and Smart Modular lighting systems[66]. Environmental Management - The company has established a wastewater treatment system with a capacity of 10,000 tons per day, implementing various treatment processes for different types of wastewater[125]. - The company operates a self-built electroplating wastewater treatment station with a design capacity of 3,600 m³ per day[125]. - The total annual COD emissions from Xinyu City Mulinsen Circuit Board Co., Ltd. are 9.78 tons, which is below the approved total of 184.5 tons[118]. - The total annual ammonia nitrogen emissions from Xinyu City Mulinsen Circuit Board Co., Ltd. are 2.54 tons, which is below the approved total of 30.75 tons[118]. - The company has implemented a waste gas collection system and a multi-stage spray purification tower to manage emissions[126]. - The company has a total of 3 waste gas discharge outlets, with 1 currently in operation and 2 out of service[125]. - The concentration of total VOCs emissions is maintained at 1 mg/m³, complying with the relevant standards[118]. - The company has a 2,000 m³ emergency pool in place for spill containment[126]. - The company has not exceeded any pollution discharge standards in its operations[118]. - The company has a dedicated team for the operation and maintenance of pollution control facilities[125]. - The company has established an environmental management system and pollution prevention facilities in compliance with environmental impact assessment requirements[127]. - The company has implemented emergency response plans for environmental incidents, including a 2000m³ emergency pool for collecting wastewater[131]. - The company reported a fine of RMB 110,000 for violating water pollution prevention laws, with ammonia nitrogen concentration exceeding the discharge standard by 0.227 times[135]. - The company has installed online monitoring equipment for wastewater discharge, connected to environmental protection departments[135]. - The company has conducted regular monitoring of wastewater, waste gas, noise, and other environmental indicators, with results publicly disclosed[135]. Corporate Governance and Management - The company has established a comprehensive corporate governance structure, which is functioning well despite the increased demands on management due to growth[103]. - The management team is stable, with low turnover rates, and the company is investing in team building and management training to adapt to growth challenges[103]. - The company has implemented financial internal control audits and a unified financial data reporting system to enhance operational efficiency[82]. - The company has established a long-term strategic plan post-acquisition, with quarterly board meetings to set operational targets[82]. Shareholder Information - The total number of shares before the change was 1,484,166,399, with 38.18% being limited shares and 61.82% being unrestricted shares[188]. - The number of limited shares decreased by 48,490,750 due to the release of shares held by executives, with a total of 521,408,250 limited shares remaining[191]. - The largest shareholder, Sun Qinghuan, holds 45.99% of the shares, totaling 682,534,600, with no changes during the reporting period[195]. - The company’s executives increased their holdings, with notable purchases including 3,338,600 shares by Secretary of the Board Xiao Yansong[188]. - The company reported a total of 55,483 common shareholders at the end of the reporting period[195]. - The unrestricted shares increased by 45,242,050, resulting in a total of 962,758,149 unrestricted shares[188]. - The company’s financial director, Li Guanqun, resigned, leading to changes in the executive lock-up shares[191]. - The report indicates that 25% of the locked shares held by executives are released annually[191]. - The top 10 shareholders include domestic individuals and non-state-owned entities, with the largest being Sun Qinghuan[195]. - There were no new strategic investors or general corporations becoming top 10 shareholders during the reporting period[198].