弘宇股份(002890) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥211,559,908.50, representing a 15.21% increase compared to ¥183,633,630.71 in the same period last year[18]. - The net profit attributable to shareholders decreased by 6.56% to ¥9,595,116.17 from ¥10,268,777.93 year-on-year[18]. - The basic earnings per share decreased by 9.09% to ¥0.10 from ¥0.11 in the same period last year[18]. - The company's revenue for the reporting period was ¥211,559,908.50, representing a year-on-year increase of 15.21% compared to ¥183,633,630.71 in the previous year[34]. - The gross profit margin for the professional equipment manufacturing industry was 17.55%, an increase of 1.92% from the previous year[36]. - The revenue from the main product, the lifter assembly, was CNY 153,130,992.86, accounting for 72.38% of total revenue, with a year-on-year growth of 22.54%[35]. - Total operating revenue for the first half of 2021 reached CNY 211,559,908.50, an increase of 15.2% compared to CNY 183,633,630.71 in the same period of 2020[115]. - Net profit for the first half of 2021 was CNY 9,595,116.17, a decrease of 6.5% from CNY 10,268,777.93 in the first half of 2020[117]. Cash Flow and Liquidity - The net cash flow from operating activities turned negative at -¥39,422,331.34, a decline of 673.09% compared to ¥6,878,899.82 in the previous year[18]. - The operating cash flow for the period was negative at -¥39,422,331.34, a decline of 673.09% compared to a positive cash flow of ¥6,878,899.82 in the previous year, indicating increased cash outflow from operations[34]. - Cash inflow from operating activities in the first half of 2021 was CNY 104,640,760.98, down from CNY 118,015,148.83 in the first half of 2020, representing a decrease of about 11.29%[125]. - The company's cash and cash equivalents at the end of the reporting period were CNY 45,592,709.35, down from CNY 88,129,622.99 at the end of the previous year, a decrease of 6.72%[41]. - The company's cash and cash equivalents decreased to CNY 45,592,709.35 from CNY 88,129,622.99, a decline of about 48.2%[107]. - The company reported a decrease in cash flow from financing activities, with a net cash flow of -CNY 9,333,800.00 in the first half of 2021, compared to -CNY 13,334,000.00 in the same period of 2020[126]. Assets and Liabilities - The total assets at the end of the reporting period increased by 3.26% to ¥675,590,514.24 from ¥654,262,889.05 at the end of the previous year[18]. - Total current assets increased to CNY 491,736,956.27 as of June 30, 2021, up from CNY 467,818,106.35 at the end of 2020, representing a growth of approximately 5.2%[108]. - Total liabilities increased to CNY 122,932,896.51 as of June 30, 2021, up from CNY 102,712,722.03, indicating a rise of approximately 19.6%[109]. - The company's total assets reached CNY 675,590,514.24, compared to CNY 654,262,889.05 at the end of 2020, an increase of about 3.2%[110]. - The total liabilities rose to CNY 120,022,388.84, compared to CNY 99,844,644.98 in the previous year, reflecting a growth of 20.2%[114]. - The total liabilities and equity at the end of the period are 550,921,900.00 CNY, indicating a balanced financial position[136]. Research and Development - Research and development investment increased significantly by 122.25%, reaching ¥8,894,949.30, up from ¥4,002,290.56 in the previous year, indicating a focus on product development[34]. - The company holds 29 utility model patents, 4 design patents, and 4 invention patents, showcasing its strong R&D and technological capabilities in the hydraulic lift sector[29]. Shareholder Information - The total number of shares before the capital increase was 66,670,000, which increased to 93,338,000 after a capital reserve conversion of 26,668,000 shares[88]. - The basic earnings per share decreased from 0.15 CNY to 0.10 CNY after the share increase[89]. - The company distributed a cash dividend of 1.4 CNY per 10 shares, totaling 9,333,800 CNY[88]. - The total number of common shareholders at the end of the reporting period is 9,528[92]. - The largest shareholder, Yu Xiaoqing, holds 28.59% of the shares, totaling 26,683,260 shares, with an increase of 7,623,790 shares during the reporting period[92]. - Li Yugong, the second-largest shareholder, holds 10.42% of the shares, totaling 9,730,000 shares, with a decrease of 2,780,000 shares[92]. Risk and Management - The company faced risks in future operations as outlined in the management discussion section, which investors are advised to review[4]. - The company plans to adjust its product structure by adding automotive parts to mitigate market risks[49]. - The company has established stable partnerships with major tractor manufacturers, including 雷沃重工 and 一拖股份, ensuring a reliable customer base[30]. Compliance and Governance - The company has not faced any administrative penalties related to environmental issues during the reporting period[56]. - The company has implemented an environmental management system and has been certified for its environmental practices since June 2016[59]. - The company has been recognized as an "A-level taxpayer credit enterprise" and a "demonstration enterprise for fulfilling social responsibilities" in Shandong Province[59]. - The company has not reported any new product launches or technological advancements in this period[137]. - The financial statements comply with the requirements of the Accounting Standards for Business Enterprises, accurately reflecting the financial position as of June 30, 2021[146]. Accounting Policies - The financial statements are prepared based on the going concern principle, indicating no significant issues affecting the company's ability to continue operations for at least 12 months from the reporting date[144]. - The company adheres to the accounting policies and estimates that reflect its actual operating characteristics, including methods for bad debt provisions and inventory valuation[145]. - The company recognizes financial assets derecognition when the contractual rights to cash flows expire or when the asset is transferred and the company has transferred substantially all risks and rewards[163].