科瑞技术(002957) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,083,778,866.86, representing a 36.73% increase compared to CNY 792,668,635.91 in the same period last year[26]. - The net profit attributable to shareholders of the listed company decreased by 24.26% to CNY 92,917,543.63 from CNY 122,684,859.80 year-on-year[26]. - The net cash flow from operating activities was negative at CNY -39,836,279.73, a decline of 111.11% compared to CNY 358,531,648.55 in the previous year[26]. - The total assets at the end of the reporting period were CNY 3,986,570,312.26, an increase of 12.62% from CNY 3,539,977,501.69 at the end of the previous year[26]. - The basic earnings per share decreased by 24.26% to CNY 0.2266 from CNY 0.2992 in the same period last year[26]. - The diluted earnings per share also fell by 24.33% to CNY 0.2264 compared to CNY 0.2992 in the previous year[26]. - The weighted average return on net assets was 3.62%, down from 5.13% in the same period last year, a decrease of 1.51%[26]. - The net profit after deducting non-recurring gains and losses was CNY 69,187,148.58, a decrease of 32.75% from CNY 102,876,520.10 year-on-year[26]. - The net assets attributable to shareholders of the listed company slightly decreased by 0.05% to CNY 2,533,951,781.73 from CNY 2,535,339,957.73 at the end of the previous year[26]. Business Operations - The company reported a non-operating income of CNY 23,730,395.05, after accounting for tax and minority interests[32]. - The company has accumulated technologies in five key areas: machine vision and optics, precision sensing and testing, motion control and robotics, software technology, and precision mechanical design[36]. - The company is a leading supplier of complete testing equipment in the mobile terminal sector and core equipment supplier in the new energy, electronic cigarette, medical, and food industries[44]. - The demand for automation equipment remains strong due to the ongoing upgrade of manufacturing industries in China, particularly in mobile terminals and new energy sectors[38]. - The company has established stable business relationships with leading brands across various industries, enhancing its market position[36]. - The company focuses on customized products and services for major clients, adapting to the specific needs of different industries[37]. - The new energy battery industry is expected to experience rapid growth in the next three to five years, presenting significant opportunities for the company[42]. - The company has a strong competitive edge due to its rapid delivery capabilities and recognized technical strength in the automation sector[44]. - The company has been actively involved in the research and development of core equipment for industries with high technical barriers and large demand scales[37]. - The overall automation industry is currently in a high-growth phase, driven by strong downstream demand across various sectors[43]. - The company is a leading supplier of testing equipment for mobile terminals, providing comprehensive solutions for smartphone detection, with a strong focus on camera detection and calibration technology widely used by major brands in the industry[45]. - In the new energy sector, the company is a leading supplier of manufacturing equipment for lithium batteries, focusing on key players in the battery industry, with advanced technologies in stacking efficiency and alignment accuracy[46]. Research and Development - As of June 30, 2021, the company had 801 R&D personnel, accounting for 33.28% of the total workforce, and held 215 authorized patents, including 42 invention patents[50]. - Research and development expenses increased by 33.52% to 145.84 million yuan, reflecting the company's commitment to new product development[56]. - The company is increasing R&D investment in new energy technology to adapt to rapidly changing market demands, particularly in the consumer electronics and new energy battery sectors[90]. - The company has established a strict management process for product development, ensuring timely adjustments to product and technology roadmaps[91]. Market Strategy - The company has been focusing on international expansion, establishing branches in Hong Kong, Thailand, Singapore, and the Philippines to better understand local markets and customer needs[53]. - In the first half of 2021, the company aimed for stable growth by accelerating domestic business layout and investing in technology R&D to meet existing customer demands and explore new business opportunities[54]. - The mobile terminal business generated sales of 616 million yuan, accounting for 56.86% of total revenue, with a year-on-year increase of 65.11%[56]. - The new energy business reported sales of 307 million yuan, making up 28.30% of total revenue, and experienced a significant year-on-year growth of 123.36%[56]. - The precision components and molds business generated revenue of 100 million yuan, which is 9.23% of total revenue, showing a decline of 25.49% year-on-year due to fluctuations in downstream customer demand[56]. Financial Management - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company reported a net cash flow from operating activities of -39.84 million yuan, a significant decline compared to the previous year due to reduced prepayments from mask machine sales[60]. - The company’s investment activities resulted in a net cash outflow of 153.64 million yuan, primarily due to payments for the construction of the intelligent manufacturing industrial park[60]. - Cash and cash equivalents at the end of the reporting period amounted to ¥1,042,618,803.23, accounting for 26.15% of total assets, a decrease of 2.97% compared to the previous year[65]. - Accounts receivable increased to ¥1,122,776,320.45, representing 28.16% of total assets, an increase of 3.01% due to higher operating income[65]. - Inventory reached ¥503,817,340.62, which is 12.64% of total assets, up by 2.49% as a result of increased orders and stock[65]. - Short-term borrowings rose to ¥272,912,480.00, accounting for 6.85% of total assets, an increase of 4.02% due to new short-term bank loans[68]. - Contract liabilities increased to ¥129,824,121.73, representing 3.26% of total assets, up by 1.84% due to an increase in advance payments from orders[68]. - The company reported a fair value change gain of ¥6,860,015.51 on trading financial assets during the reporting period[69]. - The company has restricted cash of ¥755,618,492.69, primarily for time deposits and margin deposits[72]. - The company invested ¥30,000,000.00 in a fund, resulting in a fair value increase to ¥31,188,000.00[73]. - The total amount of derivative investments at the end of the reporting period was ¥84,605.11, accounting for 30.40% of the company's net assets[78]. - The company has three utility model patents and one invention patent pledged for a credit line of ¥60,000,000[72]. - The company has implemented foreign exchange hedging to mitigate currency risk, ensuring that transactions are based on predicted payment timelines and amounts[80]. - The company has established a comprehensive risk management system for foreign exchange hedging, including clear regulations on transaction limits, types, and internal audit processes[80]. Shareholder Relations - The company plans to enhance its product matrix and expects to establish capabilities for assembling aluminum and soft-pack battery cells in the second half of the year[56]. - The company has an ongoing stock incentive plan, with 183,740 shares of restricted stock granted at a price of 13 RMB per share to 176 eligible participants[104]. - As of June 10, 2021, the company completed the repurchase and cancellation of 18,300 shares of restricted stock from three participants, reducing the total shares from 411,837,400 to 411,819,100[105]. - The company distributed cash dividends of RMB 9,471.8393 million to shareholders, at a rate of RMB 2.3 per 10 shares based on a total share capital of 411,819,100 shares[111]. - The company is committed to improving shareholder returns and protecting their rights, actively returning profits to shareholders in accordance with profit distribution conditions[134]. - The company has established a three-year shareholder return plan (2020-2022) to ensure effective returns to shareholders, particularly small and medium-sized shareholders[134]. Compliance and Governance - The company has not experienced any significant changes in accounting policies or principles compared to the previous reporting period[80]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[173]. - The half-year financial report has not been audited, indicating a lack of external validation for the reported figures[171]. - The company has not faced any penalties or corrective actions during the reporting period[179]. - The company has confirmed that all commitments made by the controlling shareholder and other related parties are being fulfilled without any violations[165]. - The company has made commitments regarding the accuracy and completeness of its prospectus, including compensation for investors in case of false statements or omissions[142]. - The company has pledged to avoid engaging in competitive activities with its subsidiaries and will not invest in similar businesses[149]. - The controlling shareholder has pledged to stabilize the stock price by increasing shareholdings and repurchasing shares if the stock price falls below the audited net asset value per share for 20 consecutive trading days[158]. - There are no non-operating fund occupations by the controlling shareholder or related parties during the reporting period[168]. - The company has not faced any environmental compliance issues and emphasizes energy conservation and environmental protection in its operations and product development[110].