*ST和科(002816) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥43,649,837.39, a decrease of 20.62% compared to ¥54,990,810.14 in the same period last year[21]. - The net profit attributable to shareholders was -¥17,467,700.55, representing a decline of 368.68% from ¥6,501,348.42 in the previous year[21]. - The basic earnings per share were -¥0.17, a decrease of 342.86% compared to ¥0.07 in the same period last year[21]. - The total comprehensive income for the first half of 2021 was a loss of CNY 17,467,700.55, compared to a gain of CNY 6,501,348.42 in the first half of 2020[124]. - The net profit for the first half of 2021 was a loss of CNY 10,433,636.63, compared to a loss of CNY 6,405,617.04 in the first half of 2020, indicating a worsening performance[123]. Cash Flow - The net cash flow from operating activities improved significantly to ¥18,228,555.50, a 282.13% increase from -¥10,008,288.04 in the same period last year[21]. - The company reported a significant increase in cash flow from operating activities, amounting to ¥18,228,555.50, a 282.13% increase compared to the previous year[34]. - The company reported a net cash inflow from operating activities of CNY 18,228,555.50, a recovery from a net outflow of CNY 10,008,288.04 in the first half of 2020[126]. - The total cash inflow from operating activities reached CNY 226,658,875.79, significantly up from CNY 67,665,434.73 in the previous year, marking a growth of 234.5%[130]. - The cash and cash equivalents at the end of the period increased to CNY 120,869,895.69, compared to CNY 63,931,541.75 at the end of the previous period, reflecting a growth of 89.0%[129]. Assets and Liabilities - The total assets at the end of the reporting period were ¥592,090,651.52, reflecting a 5.91% increase from ¥559,047,714.10 at the end of the previous year[21]. - The total liabilities rose to RMB 203,676,260.62 from RMB 153,165,622.65, reflecting an increase of about 32.9%[111]. - The company's equity remained stable with total equity at RMB 388,414,390.90, unchanged from the previous reporting period[111]. - Accounts receivable decreased to ¥110,109,585, accounting for 18.60% of total assets, down from 26.22%, a decline of 7.62% due to large orders from JABIL CIRCUIT SINGAPORE PTE LTD with a delivery cycle of 6-8 months[43]. - Inventory rose to ¥154,881,227, making up 26.16% of total assets, an increase of 7.45% attributed to higher order volumes during the period[43]. Revenue Breakdown - The main business revenue decreased by 31.65% to ¥33,468,833.08, accounting for 76.68% of total revenue, down from 89.05%[36]. - The revenue from cleaning products was ¥28,060,048.08, representing a 35.53% decline from ¥43,522,348.91[36]. - The East China region contributed ¥29,877,532.78, a 125.09% increase from ¥13,273,713.58, making up 68.45% of total revenue[36]. - The company experienced a 69.01% increase in other business revenue, reaching ¥10,181,004.31, compared to ¥6,024,024.78 in the previous year[36]. Expenses and Costs - The company's financial expenses increased by 393.35% to ¥265,370.23, primarily due to bank loan interest payments[34]. - Research and development expenses slightly decreased by 2.81% to ¥4,133,727.46, compared to ¥4,253,198.94 in the previous year[34]. - The gross profit margin for the main and other businesses combined was 35.92%, a decrease of 1.68% from the previous year[38]. - The company incurred sales expenses of CNY 1,460,055.73, down from CNY 1,944,557.17 in the same period of 2020, reflecting cost control efforts[122]. Market and Competition - The company continues to focus on the development and sales of precision cleaning equipment and related technologies[50]. - The company faces risks from a slowdown in downstream customer fixed asset investment, which could lead to a decrease in orders and a potential decline in performance[52]. - The company is experiencing intensified market competition as many domestic and international peers increase investment in precision cleaning equipment, which could affect profit margins if the company fails to innovate[52]. - The company aims to achieve a revenue growth target of 15% for the next fiscal year, driven by new product launches and market expansion strategies[145]. Shareholder Information - The total number of shares remains unchanged at 100,000,000, with 2,566,057 shares under limited sale conditions and 97,433,943 shares under unrestricted sale conditions[91]. - The largest shareholder, Yiyang Ruihe Cheng Holdings Co., Ltd., holds 29,990,000 shares, representing 29.99% of total shares[96]. - The company reported a decrease in the number of shares held by individual shareholders, with 彭冠华 reducing holdings by 640,600 shares[96]. - The company has implemented a lock-up period for certain executives, affecting the number of limited sale shares[93]. Compliance and Governance - The financial statements reflect the company's compliance with the accounting standards set by the Ministry of Finance, ensuring a true and complete representation of its financial status as of June 30, 2021[151]. - The company has confirmed that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months[149]. - The company has not reported any major litigation or arbitration matters during the reporting period[73]. - The company has not engaged in any significant related party transactions during the reporting period[75]. Risks and Challenges - The company is at risk of accounts receivable bad debts or extended collection periods if downstream customers experience performance declines or increased competition[53]. - Rising labor costs due to structural shortages in the labor market may negatively impact the company's product competitiveness[56]. - The company faces risks related to the potential cancellation of tax benefits for high-tech enterprises, which could affect net profit if tax policies change[56].