SGT(SZ:002808)2021-08-25 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥147,985,687.79, representing a 3.02% increase compared to ¥143,654,132.47 in the same period last year[22]. - The net profit attributable to shareholders of the listed company decreased by 9.40% to ¥7,176,995.42 from ¥7,921,950.02 in the previous year[22]. - The net profit after deducting non-recurring gains and losses increased significantly by 116.08% to ¥6,431,884.13, compared to ¥2,976,588.60 in the same period last year[22]. - The net cash flow from operating activities dropped by 78.08% to ¥7,510,058.62, down from ¥34,254,068.66 in the previous year[22]. - The total assets at the end of the reporting period were ¥785,291,128.27, a decrease of 0.44% from ¥788,796,690.82 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company increased by 0.32% to ¥582,529,913.37 from ¥580,657,928.33 at the end of the previous year[22]. - Basic earnings per share decreased by 6.90% to ¥0.027 from ¥0.029 in the same period last year[22]. - The diluted earnings per share also decreased by 6.90% to ¥0.027 from ¥0.029 in the previous year[22]. - The weighted average return on net assets was 1.23%, down from 1.36% in the same period last year[22]. Business Development and Innovation - The company has significantly improved the quality and efficiency of its large engineering drum cores, achieving a notable enhancement compared to previous years[30]. - The company successfully developed a flexible PIP imaging belt suitable for color printing, marking a first in the domestic market[30]. - The company is expanding its business into the new energy sector, focusing on direct methanol fuel cells (DMFC) which have gained attention for their efficiency and application in various fields[34]. - The company has made initial progress in lithium battery material research and is working towards achieving mass production capabilities[36]. - The company’s core business remains the production and sales of laser organic photo-conductor drums, which are essential components in various printing and copying devices[32]. - The company’s subsidiary, Minbao Information, specializes in information security software development and has obtained multiple certifications, enhancing its market position[31]. - The company is actively exploring new market opportunities in energy management and new materials, aiming to adapt to the growing demand in the domestic new energy sector[35]. - The company’s traditional business has been extended vertically across multiple segments of the imaging consumables industry chain[30]. - The company is positioned in a highly competitive market, with a focus on technological innovation and cost advantages to maintain its industry standing[37]. - The company has developed into one of the global leaders in the laser OPC industry, focusing on high-end and innovative products while improving production efficiency of existing products[38]. - The company aims to expand its market share by categorizing customers and targeting high-quality collaborations, enhancing its OEM/ODM business in the original equipment market[38]. - The company has successfully developed a PIP transfer imaging belt for high-speed digital printing machines, with ongoing efforts to establish automated production lines for mass production[41]. - The company has obtained 82 software development copyrights and various certifications, including CMMI5 and information security service qualifications, enhancing its competitive edge in the information security sector[41]. - The company emphasizes a strong R&D capability with two provincial-level technology centers, enabling rapid response to market demands and the development of unique products[42]. - Approximately 60% of the company's workforce consists of technical and R&D personnel, fostering a robust talent pool for innovation and development[43]. Financial Management and Risks - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company reported a non-operating income of ¥745,111.29, which includes government subsidies of ¥603,935.95 and financial investment income of ¥410,000.27[27]. - The company faces risks from intensified market competition, particularly in the laser consumables industry, which may lead to declining sales prices[72]. - The company plans to enhance R&D innovation and develop high-end products to improve product quality and market pricing power[73]. - There is a risk of not meeting performance commitments related to the acquisition of Minbao Information, with a total net profit commitment of no less than 198.08 million yuan from 2019 to 2024[75]. - The company has established performance compensation clauses to mitigate risks associated with the acquisition of Minbao Information[76]. - The company is focused on integrating resources between the parent and subsidiary companies to enhance competitiveness and profitability[76]. - The company acknowledges the risk of potential intellectual property infringement claims as it expands its business and product range[74]. - The company recognizes management risks associated with its expanding scale, which may impact operational goals if management systems do not adapt accordingly[76]. - The company plans to enhance management concepts and improve existing management methods to align with its current development stage[77]. - The company faces risks from exchange rate fluctuations, particularly as its foreign sales revenue is primarily settled in USD, which constitutes a significant portion of total assets[77]. - The company has implemented strict credit review processes to mitigate accounts receivable risks, but industry competition has led to delayed payment issues from clients[77]. Shareholder Information - The company did not distribute cash dividends or issue bonus shares for the half-year period[82]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[83]. - The total number of shares is 268,800,000, with 36.25% (97,427,554 shares) being restricted shares and 63.75% (171,372,446 shares) being unrestricted shares[125]. - The largest shareholder, Yu Rongqing, holds 39.52% of the total shares, amounting to 106,240 shares increase during the reporting period[130]. - The second-largest shareholder, Lan Shanying, holds 7.29% of the total shares, with no changes in the number of shares during the reporting period[130]. - The company has a total of 14,547 common shareholders at the end of the reporting period[130]. - There are no changes in the restricted shares for the major shareholders during the reporting period[127]. - Yu Rongqing has pledged 6,377,552 shares, while Lan Shanying has pledged 19,590,000 shares[130]. - The company has not implemented any share buyback or reduction during the reporting period[126]. Compliance and Governance - The company has established a robust internal control governance system to ensure fair and transparent rights for all shareholders and creditors[87]. - The company actively engages in customer satisfaction surveys to optimize sales models and enhance after-sales service[89]. - The company has not yet initiated efforts to consolidate or expand poverty alleviation achievements during the reporting period[91]. - The company is focused on creating a harmonious development between economic benefits and social responsibilities[86]. - The company has committed to a net profit of no less than RMB 1,500 million for the year 2019, with cumulative actual net profits from 2019 to 2020 not less than RMB 3,700 million[96]. - Cumulative actual net profits from 2019 to 2021 are expected to be no less than RMB 6,560 million, and from 2019 to 2022, no less than RMB 10,278 million[96]. - The company has set a cumulative net profit target of no less than RMB 14,728 million from 2019 to 2023[97]. - The cumulative actual net profit target for the period ending in 2024 is set at no less than RMB 19,808 million[97]. - The company has established a compensation arrangement for performance commitments, where cash compensation will be made if the net profit does not meet the agreed targets[98]. - There are no non-operating fund occupations by controlling shareholders or other related parties during the reporting period[100]. - The company has not engaged in any violations regarding external guarantees during the reporting period[101]. - The semi-annual financial report has not been audited[102]. Legal and Arbitration Matters - The company reported a significant litigation case involving Shenzhen Yibao Technology Co., with a disputed amount of 636.8 thousand yuan, which has not yet been adjudicated[104]. - The company has ongoing arbitration cases with a total claim amount of 82.5 thousand yuan, with some amounts already in the execution phase[105]. Financial Reporting and Accounting - The financial report for the first half of 2021 was not audited[142]. - The company has established a comprehensive financial reporting framework based on the continuous operation assumption, adhering to the accounting standards set by the Ministry of Finance[188]. - The company confirms its ability to continue operations for at least 12 months from the end of the reporting period without significant issues affecting this capability[189]. - The financial statements are prepared in RMB for domestic subsidiaries and in USD for overseas subsidiaries, ensuring consistency in reporting currency[194]. - The company follows the equity method for accounting for investments in subsidiaries, recognizing assets and liabilities at their book value on the merger date[195]. - The company’s accounting policies and estimates are aligned with the relevant accounting standards, ensuring accurate financial reporting[190]. - The company’s operating cycle is defined as 12 months, which is critical for financial planning and reporting[193]. - The company has a clear methodology for consolidating financial statements, ensuring that intercompany transactions are eliminated to present a true financial position[199]. - The company’s financial reports reflect a true and complete view of its financial status, operating results, and cash flows[191]. - The company has not reported any significant changes in the scope of consolidation during the reporting period[199].