ST恒久(002808) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥110,985,123.21, a decrease of 22.74% compared to ¥143,654,132.47 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was -¥8,085,225.13, representing a decline of 202.06% from a profit of ¥7,921,950.02 in the previous year[19]. - The net cash flow from operating activities was ¥7,510,058.62, down 78.08% from ¥34,254,068.66 in the same period last year[19]. - The basic earnings per share were -¥0.030, a decrease of 203.45% compared to ¥0.029 in the previous year[19]. - The company's revenue for the reporting period was ¥110,985,123.21, a decrease of 22.74% compared to ¥143,654,132.47 in the same period last year[44]. - Operating costs decreased by 10.91% to ¥98,641,940.83 from ¥110,721,704.05 year-on-year[44]. - The company reported a significant increase in financial expenses by 206.96% to ¥2,243,217.87, primarily due to fluctuations in the USD exchange rate[45]. - The company reported a net loss of CNY 5,376,000 for the current period, compared to a loss of CNY 2,364,000 in the previous period, indicating a significant increase in losses[170]. Assets and Liabilities - Total assets at the end of the reporting period were ¥755,299,480.47, a decrease of 4.25% from ¥788,796,690.82 at the end of the previous year[19]. - The company's total liabilities were RMB 168,284,645.51, down from RMB 186,027,167.51, reflecting a decrease of approximately 9.5%[147]. - Cash and cash equivalents decreased to ¥165,375,469, accounting for 21.90% of total assets, down from 23.20% at the end of the previous year, a decrease of 1.30% due to reduced bank deposits[56]. - Accounts receivable decreased to ¥93,432,224, representing 12.37% of total assets, down from 16.34% last year, a decrease of 3.97% attributed to reduced receivables[56]. - The company's total equity attributable to shareholders of the parent company was CNY 504,718,356.60 as of June 30, 2021, compared to CNY 511,401,493.37 at the end of 2020[152]. Business Operations - The company's main business involves "imaging consumables + information security," with significant advancements in the development of new energy management systems and core materials[27]. - The core product, Organic Photo-Conductor Drum (OPC), has seen improved quality and efficiency, with successful development of a flexible PIP imaging belt for color printing[27]. - The company has expanded its traditional business to include international and domestic trade of toner, drum, and other printing consumables, enhancing its market reach[27]. - The imaging consumables industry is in a fully competitive stage, with a focus on innovation and technology to maintain market position[34]. - The company aims to expand its market share by enhancing cooperation with original equipment manufacturers (OEMs) and increasing its presence in the OEM/ODM business[35]. Research and Development - Research and development expenses increased by 9.41% to ¥10,241,192.97, reflecting a commitment to innovation[45]. - The company has developed a complete independent technology system in the field of information security, with 82 software development copyrights obtained[38]. - The company has established two research and development platforms, enhancing its ability to respond quickly to market demands[39]. - The company maintains a stable R&D team, with approximately 60% of its personnel engaged in technology and research[40]. - The company is focusing on enhancing its R&D capabilities in the organic optoelectronics field and tracking trends in laser printing technology[69]. Market and Competition - The company faces risks from intensified industry competition and rising operational costs due to increased raw material and transportation expenses[67]. - The company plans to enhance R&D innovation and improve cost control to maintain product quality and market competitiveness[68]. - The company has implemented strict credit policies to mitigate risks associated with accounts receivable, but industry competition has led to delayed payments from clients[76]. Corporate Governance and Compliance - A robust internal control governance system is in place to ensure fair and transparent rights for all shareholders and creditors[86]. - The company has established a scientific employee compensation system and health management policies to protect employee rights and promote well-being[87]. - The company has not faced any environmental penalties and complies with relevant environmental laws and regulations[84]. - The company is recognized as an environmentally compliant unit and has obtained ISO 14001:2015 certification[84]. Shareholder Information - The largest shareholder, Yu Rongqing, holds 39.52% of the shares, amounting to 106,240,512 shares, with 79,680,384 shares under lock-up[131]. - The total number of shares before the change was 268,800,000, with 36.25% being limited shares and 63.75% being unrestricted shares[126]. - The report indicates that there are no new shares issued or repurchased during the period[127]. - The company has not disclosed any significant changes in shareholding structure or any new strategic partnerships during the reporting period[129]. Future Outlook - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company plans to focus on expanding its trade segment and improving operational efficiency in the manufacturing sector[46]. - The company has not yet initiated efforts to consolidate and expand poverty alleviation achievements or rural revitalization during the reporting period[91].