CEM(SZ:002980)2021-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 357,034,426.53, a decrease of 40.31% compared to CNY 598,131,438.35 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 85,905,121.28, down 67.82% from CNY 266,923,749.48 year-on-year[22]. - The net cash flow from operating activities was CNY 24,635,777.70, a significant decline of 91.09% compared to CNY 276,371,725.93 in the previous year[22]. - Basic earnings per share decreased by 73.33% to CNY 0.64 from CNY 2.40 in the same period last year[22]. - The total assets at the end of the reporting period were CNY 1,166,377,583.69, a decrease of 2.07% from CNY 1,190,985,051.58 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were CNY 997,691,289.56, down 5.68% from CNY 1,057,765,071.43 at the end of the previous year[22]. - The weighted average return on net assets was 7.80%, a decrease of 31.56% compared to 39.36% in the same period last year[22]. - The net profit after deducting non-recurring gains and losses was CNY 77,909,920.53, down 69.53% from CNY 255,701,033.22 year-on-year[22]. - The gross profit margin for the reporting period was impacted by a decrease in sales volume, resulting in a net profit attributable to shareholders dropping by 67.82%[71]. - The company's revenue for the reporting period was CNY 357,034,426.53, a decrease of 40.31% compared to CNY 598,131,438.35 in the same period last year, primarily due to a significant drop in sales of pandemic prevention products[71]. Product Development and Innovation - The company has over 500 models of DIY electrical and power products, maintaining a stable and rapid growth in the market, particularly in portable measurement instruments[32]. - The newly developed DT-7760 energy quality and management instrument will be launched soon, featuring advanced measurement capabilities and multiple communication interfaces[33]. - The company has developed a professional electrical safety testing instrument in collaboration with a high-end UK brand, capable of testing various safety indicators[37]. - The company has a comprehensive capability in infrared thermal imaging, with self-developed non-cooling infrared detector technology and mass production capabilities[38]. - The company has developed a series of thermal imaging products, including the "Thermal Imaging+" series, which combines thermal imaging modules with various measurement products, establishing a significant technological advantage and barrier in the domestic market[40]. - The infrared temperature measurement technology developed by the company boasts a measurement speed of milliseconds and an accuracy of up to 1%, with a temperature range from -50°C to over 2000°C, applicable in various industries[44]. - The company has developed strong relationships with major brand clients, leveraging its design and quality control capabilities to enhance product competitiveness[68]. - The company is committed to optimizing existing products and developing new technologies in the medical diagnostics field, including plans for antigen and antibody reagent production[53]. Market Performance and Strategy - The company achieved operating revenue of 357.03 million yuan in the first half of 2021, with a net profit attributable to shareholders of 85.91 million yuan, representing a 46.30% increase in sales revenue of non-epidemic products compared to the same period last year[30]. - The overall operating revenue increased by 51.65% compared to the first half of 2019, and the net profit attributable to shareholders grew by 80.11% compared to the same period in 2019[30]. - The company is actively expanding its market presence in environmental monitoring, with a focus on supporting national carbon neutrality goals by developing products for air quality monitoring and emissions analysis[49]. - The company is expanding its operational footprint with multiple facilities across different regions, including a 1,330.00 million CNY factory in Yangguang Industrial Zone[129]. - The company is actively expanding its overseas e-commerce sales channels, integrating online and offline marketing strategies on platforms like Amazon and Alibaba[56]. - The company plans to enhance its innovation capabilities and increase market share in emerging countries to mitigate risks from international trade policies and exchange rate fluctuations[96]. Financial Management and Investments - The company reported a significant increase in cash flow from investing activities, with a net amount of CNY 257,793,289.87, up 2,661.02% due to increased cash recovered from financial products[71]. - The total amount of entrusted financial management funds reached 54,500 million, with 36,500 million from raised funds and 18,000 million from self-owned funds[133]. - The company has maintained a healthy liquidity position with no overdue receivables reported[133]. - The company did not engage in any securities or derivative investments during the reporting period[92][93]. - The company has no significant guarantees during the reporting period, reflecting a conservative financial approach[131]. Corporate Social Responsibility - The company donated a total of 1 million yuan (approximately $154,000) in materials and cash to support poverty alleviation and rural revitalization efforts in Guangdong Province[109]. - The company donated 300 sets of 8806H infrared thermometers to the Guangdong Province Zhong Nanshan Medical Foundation in March 2021, demonstrating its commitment to social responsibility[109]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and forecasts[5]. - The company acknowledges the competitive risks in the instrument and meter industry and aims to enhance product quality and management efficiency to maintain competitiveness[100]. - The company is facing risks from rising raw material prices and plans to optimize supply chain resources and improve cost control to mitigate these risks[99]. Shareholder Information - The total number of shares outstanding is 133,333,400, with 75% being restricted shares[138]. - Major shareholders include Yuan Jianmin with 54.00% ownership and Che Haixia with 7.50% ownership[140]. - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[142]. Compliance and Governance - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that its financial statements accurately reflect its financial position and operating results[198]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its sustainability[196]. - The company did not report any changes in accounting policies or prior period error corrections during the current reporting period[179].