祥鑫科技(002965) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,009,478,442.56, representing a 20.87% increase compared to CNY 835,202,240.99 in the same period last year[29]. - The net profit attributable to shareholders of the listed company decreased by 37.72% to CNY 48,571,544.52 from CNY 77,985,286.71 year-on-year[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 47.12% to CNY 34,105,432.59 compared to CNY 64,492,432.53 in the previous year[29]. - The net cash flow from operating activities was negative at CNY -36,465,007.01, a decline of 156.67% from CNY 64,345,926.60 in the same period last year[29]. - The basic earnings per share decreased by 37.72% to CNY 0.3223 from CNY 0.5175 year-on-year[29]. - Total assets as of June 30, 2021, were CNY 3,389,162,178.14, an increase of 2.84% from CNY 3,295,723,984.48 at the end of the previous year[29]. - The net assets attributable to shareholders of the listed company remained stable at CNY 1,872,193,736.16, showing no change compared to CNY 1,872,275,956.67 at the end of the previous year[29]. - The weighted average return on net assets was 2.65%, down from 4.69% in the previous year, reflecting a decrease of 2.04%[29]. Revenue and Costs - Operating costs increased by 24.88% to ¥826,485,124.64, primarily due to rising raw material prices and increased labor costs[51]. - Revenue from the automotive parts and accessories manufacturing sector was CNY 675,221,319.31, accounting for 66.89% of total revenue, with a year-on-year growth of 11.52%[55]. - The gross profit margin for the automotive parts and accessories manufacturing sector was 17.99%, showing a decrease of 4.35% compared to the previous year[58]. - The company reported a significant decrease in income tax expenses, down 65.62% to ¥4,420,284.00 from ¥12,856,756.66 in the previous year, primarily due to a decline in profits[51]. - Sales expenses increased by 53.25% to ¥11,963,649.08, attributed to the expansion of sales scale and increased personnel costs[51]. - Financial expenses surged by 1,211.64% to ¥17,495,853.64, mainly due to interest expenses from convertible bonds and exchange rate fluctuations[51]. Investment and Cash Flow - The net cash flow from investing activities was -¥442,148,440.22, a decline of 330.67% from ¥191,684,130.44 in the previous year, mainly due to increased investments in projects and bank financial products[51]. - The net increase in cash and cash equivalents was -¥525,163,175.12, a decrease of 369.28% from ¥195,024,916.35 in the previous year[51]. - The company reported a significant increase in cash received from investments, totaling CNY 2,052,660,932.71, which is a 52.11% increase compared to the previous period[55]. - The cash paid for purchasing goods and accepting labor services was CNY 730,517,342.29, reflecting a 32.93% increase due to higher raw material procurement[55]. - The company experienced a 125.43% increase in cash paid for acquiring fixed assets and intangible assets, amounting to CNY 141,621,625.70, primarily due to projects in Changshu and Guangzhou[55]. Research and Development - Research and development investment rose by 5.42% to ¥37,573,664.68, compared to ¥35,640,870.74 in the previous year[51]. - The company plans to enhance its R&D capabilities, focusing on lightweight metal processing technologies and advanced composite materials, with a goal to improve product value-added[93]. - The company continues to focus on precision stamping molds, enhancing automation and intelligence levels to meet the growing demand from major automotive clients[43]. Shareholder Information - The company reported a participation rate of 57.26% in the first temporary shareholders' meeting held on January 21, 2021[98]. - Major shareholder Chen Rong holds 25.35% of the shares, amounting to 38,200,000 shares[178]. - Major shareholder Xie Xiangwa holds 19.44% of the shares, amounting to 29,300,000 shares[178]. - The total number of shares increased to 150,700,835, with a slight increase of 835 shares due to the conversion of bonds[173]. - The company has no ongoing share repurchase plans[176]. Corporate Governance and Compliance - The company has not faced any administrative penalties related to environmental issues during the reporting period[107]. - The company emphasizes green development and aims to enhance its environmental management practices[108]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[115]. - The company has not experienced any major litigation or arbitration matters during the reporting period[119]. - There are no significant related party transactions during the reporting period[125]. Financial Products and Investments - The company raised a total of 12,000 million in funds with a maturity date of March 15, 2021, at an interest rate of 3.10%[138]. - The company issued a low-risk financial product with a total of 5,500 million, achieving a return of 3.50%[138]. - The company has successfully recovered 27.04 million from a 3,000 million investment with a maturity date of March 8, 2021[138]. - The company has multiple investment products with varying maturity dates, indicating a diversified investment strategy[163]. - The company has utilized both raised and self-owned funds for its investment products, demonstrating flexibility in funding sources[163].