钧达股份(002865) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was approximately RMB 594.75 million, representing a 92.74% increase compared to RMB 308.58 million in the same period last year[10]. - The net profit attributable to shareholders of the listed company was a loss of approximately RMB 34.75 million, a decrease of 1,132.51% compared to a profit of RMB 3.37 million in the previous year[10]. - The net cash flow from operating activities was a negative RMB 26.65 million, a decline of 1,596.78% from RMB 1.78 million in the same period last year[10]. - The total assets at the end of the reporting period were approximately RMB 1.95 billion, an increase of 5.18% from RMB 1.86 billion at the end of the previous year[10]. - The net assets attributable to shareholders of the listed company were approximately RMB 1.06 billion, a slight increase of 0.96% from RMB 1.05 billion at the end of the previous year[10]. - The basic and diluted earnings per share were both negative RMB 0.27, compared to positive RMB 0.03 in the same period last year, marking a 1,000.00% decrease[10]. - The company reported a significant increase in non-operating income, including government subsidies amounting to approximately RMB 1.04 million[13]. - The company reported a significant increase in investment income, totaling CNY 151,294,498.76, compared to CNY 802,512.00 in the previous year[114]. - The total comprehensive income for the first half of 2021 was CNY 163,216,198.11, a recovery from a loss of CNY 3,917,880.11 in the same period of 2020[115]. Operational Costs and Expenses - The company's operating costs increased by 111.07% to CNY 460,539,077.16, up from CNY 218,190,558.67, primarily due to increased sales volume[23]. - Research and development expenses rose by 95.88% to CNY 29,533,501.53, compared to CNY 15,077,495.25, as the company intensified its investment in new product development[23]. - The company reported a significant increase in sales expenses by 123.04% to CNY 29,241,990.48, attributed to higher transportation costs and increased service fees for new customers and products[23]. - Total operating costs increased to CNY 598,328,810.55, up from CNY 302,932,610.13, reflecting a rise of 97.5% year-over-year[109]. Investments and Acquisitions - The company plans to acquire a 47.35% stake in Jietai Technology for CNY 1,331,014,400.00 and a 3.65% stake for CNY 102,602,000.00, enhancing its market position[38]. - Investment during the reporting period amounted to ¥150,000,000.00, a significant increase of 212.50% compared to ¥48,000,000.00 in the same period last year[29]. - The total investment in automotive parts projects reached CNY 63,570,000.00, with actual cumulative investment matching this amount[32]. Cash Flow and Liquidity - The company's cash and cash equivalents decreased to RMB 151.83 million from RMB 332.99 million at the end of 2020[101]. - The company's cash flow from operating activities showed a net outflow of CNY 26,648,759.05, a decline from a net inflow of CNY 1,780,403.47 in the first half of 2020[117]. - Cash flow from investing activities resulted in a net outflow of CNY 208,669,982.46, worsening from a net outflow of CNY 66,664,142.70 in the first half of 2020[118]. - Cash flow from financing activities generated a net inflow of CNY 49,546,943.70, compared to CNY 38,451,641.98 in the same period last year[118]. Legal and Compliance Issues - The company is involved in a legal dispute with Hunan Leopard Automobile Co., Ltd., seeking payment of CNY 9,817,104.06 for goods delivered[49]. - The court ruled that Hunan Leopard Automobile Co., Ltd. must pay CNY 9,592,409 plus overdue interest calculated at a rate of 4.35%[49]. - The arbitration decision ordered Hunan Leopard Automobile Co., Ltd. to pay CNY 2,572,820.52 for mold costs[50]. - The company is actively pursuing legal actions to recover outstanding payments and losses incurred[49]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[1]. - The total share capital decreased from 121,681,436 shares to 120,897,436 shares due to the repurchase and cancellation of 784,000 restricted shares[88]. - The largest shareholder, Hainan Jindi Technology Investment Co., Ltd., holds 36.26% of the shares, totaling 48,041,370[78]. - The company reported no significant changes in shareholder structure or major shareholder movements during the reporting period[78]. Risk Factors - The company faces various operational risks, which are detailed in the management discussion section of the report[1]. - The company reported a significant risk of rising costs due to fluctuations in international oil prices affecting raw material costs, which are primarily petrochemical products[37]. - The company anticipates continued decline in the automotive industry growth rate due to macroeconomic slowdown and increased competition, impacting component supply volumes[37]. Inventory and Assets - Inventory increased to ¥301,307,352.36, representing 15.42% of total assets, due to increased production and stockpiling[27]. - The company's total assets at the end of the reporting period were CNY 1,122,266,787.81, showcasing its robust financial position[127]. - The company's total liabilities increased to CNY 895,801,759.69, up from CNY 809,702,600.87, reflecting a growth of 10.63%[103]. Corporate Governance - The financial statements were approved by the board of directors on August 29, 2021[134]. - The company has not engaged in any securities or derivative investments during the reporting period[33]. - There were no significant environmental issues or administrative penalties reported during the period[44].