GON(SZ:002768)2021-08-19 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 4,149,557,993.76, representing a 17.33% increase compared to CNY 3,536,586,140.24 in the same period last year[21]. - The net profit attributable to shareholders of the listed company decreased by 34.03% to CNY 352,159,095.06 from CNY 533,833,436.20 year-on-year[21]. - The net cash flow from operating activities was CNY 227,385,498.76, down 34.70% from CNY 348,190,550.72 in the previous year[21]. - Basic earnings per share fell by 34.01% to CNY 1.30 from CNY 1.97 in the same period last year[21]. - Total assets increased by 19.06% to CNY 6,502,570,353.59 compared to CNY 5,461,467,412.50 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company rose by 8.65% to CNY 3,365,747,604.33 from CNY 3,097,676,009.27 at the end of the previous year[21]. - The weighted average return on net assets decreased to 10.80% from 20.17% year-on-year, a decline of 9.37%[21]. - The company reported a significant increase in revenue from light-weight materials, with a focus on expanding partnerships in the automotive sector, particularly with new energy vehicle manufacturers[54]. - The revenue from the optical display materials segment surged by 64.63% to ¥427,413,271.46, highlighting strong demand in this area[60]. Investment and Expansion - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company aims to expand its market presence in the new energy vehicle supply chain, focusing on strategic partnerships with leading companies in the industry[32]. - The company has established long-term cooperation with major clients in the electric and garden tools sectors, resulting in a year-on-year increase in business scale[31]. - The company is actively pursuing research and development in new materials for the telecommunications industry, including 5G infrastructure and industrial internet applications[32]. - The company has implemented a strategy to enhance its sales team and extend its product offerings to strategic customers, aiming for sustained business growth[30]. - The company plans to strengthen internal management and enhance budget control to mitigate the impact of raw material price fluctuations[87]. - The company aims to increase investment in technology and R&D to continuously launch high value-added new products, ensuring a competitive advantage[88]. - The company will leverage capital markets to seek mergers and acquisitions opportunities to expand profit growth points and business segments[89]. Research and Development - Research and development expenses rose by 12.64% to ¥124,691,783.14, indicating a continued focus on innovation[58]. - The company is actively developing new materials and products to enhance customer satisfaction and loyalty, leveraging its integrated platform resources[54]. - The company has accumulated 93 patents, including 33 invention patents, and has established itself as a significant high-tech industry base for new technologies and materials in China[50]. - The medical protective materials segment has developed a new high melt flow rate melt-blown polypropylene material, achieving industry-leading performance and compliance with international standards[41]. - The company is expanding its applications for melt-blown nonwoven materials into liquid and air filtration systems, anticipating rapid growth in these markets[41]. Market Trends and Demand - The company reported significant growth in its high polymer modification business, with increased demand from major clients such as Hisense and TCL, leading to a notable rise in sales volume in the home appliance sector[31]. - The biodegradable materials segment has seen advancements in technology, with the company developing various biodegradable modified materials that meet international standards for compostability[34]. - The company has upgraded its production lines for biodegradable materials, achieving full automation and ensuring high-quality production standards[35]. - The company has successfully entered the Latin American market, establishing its artificial turf products as a market benchmark[40]. - The artificial turf business is benefiting from the "National Fitness Plan (2021-2025)", which is expected to create significant market opportunities in the sports health industry[38]. Financial Management and Risks - The company faces management risks due to the expansion of its operational scale, requiring improvements in management and operational capabilities[83]. - The company is exposed to raw material price volatility risks, particularly due to fluctuations in crude oil prices affecting production costs[84]. - The company has not faced any significant environmental penalties during the reporting period[100]. - The company emphasizes the protection of shareholder rights, particularly for minority shareholders, and has established a governance structure to ensure transparency and communication with investors[101]. - The company has achieved environmental management and occupational health safety certifications, with no major safety or environmental issues reported during the period[102]. Shareholder Information - The largest shareholder, Wang Aiguo, holds 46.45% of the total shares, amounting to 126,000,000 shares[140]. - The second-largest shareholder, Qingdao Century Star Investment Co., Ltd., holds 6.64% of the shares, totaling 18,000,000 shares[140]. - The total number of shareholders at the end of the reporting period was 30,438[139]. - The company has a significant portion of shares pledged, with Wang Aiguo pledging 31,500,000 shares[140]. - The report indicates that there are no new shares issued or repurchased during the reporting period[136]. Compliance and Governance - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that its financial reports accurately reflect its financial position and performance[196]. - The accounting period for the company is from January 1 to December 31, aligning with the calendar year[197]. - The company maintains a 12-month operating cycle for liquidity classification of assets and liabilities[198]. - The company’s financial reporting is conducted in Renminbi, ensuring consistency in its accounting practices[199]. - The company has established specific accounting policies for asset valuation and revenue recognition, tailored to its operational characteristics[195].