宁通信B(200468) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥451,878,610.43, representing an increase of 11.53% compared to ¥405,172,803.62 in the same period last year[20]. - The net profit attributable to shareholders was -¥29,593,867.19, a 49.72% improvement from -¥58,856,854.03 year-on-year[20]. - The company reported a basic earnings per share of -¥0.14, an improvement of 48.15% from -¥0.27 in the same period last year[20]. - The company's net profit for the reporting period was -¥25,149,014.43, a decrease in loss of 51.33% compared to -¥51,668,162.02 in the same period last year[36]. - The company reported a net loss of CNY 311,671,285.22 for the first half of 2021, compared to a loss of CNY 290,016,155.43 in the same period of 2020[123]. - The total comprehensive income for the first half of 2021 was a loss of CNY 24.19 million, compared to a loss of CNY 52.39 million in the first half of 2020, showing a significant reduction in comprehensive losses[127]. - The total profit for the first half of 2021 was a loss of CNY 20.63 million, compared to a loss of CNY 49.43 million in the first half of 2020, indicating an improvement in overall profitability[126]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥116,722,273.15, a significant decline of 761.21% compared to ¥17,652,718.03 in the previous year[20]. - The company’s cash flow from operating activities was -¥116,722,273.15, a significant decline compared to ¥17,652,718.03 in the previous year, primarily due to reduced sales revenue[36]. - Total cash inflow from operating activities was 435,775,411.54 yuan, while cash outflow was 552,497,684.69 yuan, resulting in a net cash outflow of 116,722,273.15 yuan[134]. - The net increase in cash and cash equivalents was -16,304,616.68 yuan, compared to -3,576,856.94 yuan in the previous period, indicating ongoing liquidity challenges[138]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,101,329,093.30, down 5.68% from ¥1,167,608,410.82 at the end of the previous year[20]. - The company's current assets totaled CNY 937,686,777.01, down from CNY 1,002,762,001.45 at the end of 2020, indicating a decline of approximately 6.3%[117]. - The total liabilities of the company are not explicitly stated in the provided documents, but the increase in short-term borrowings suggests a potential rise in overall liabilities[117]. - Short-term borrowings increased significantly by 7.19% to ¥140,500,000.00, representing 12.76% of total liabilities[44]. Revenue Breakdown - Main business revenue in the communication sector was ¥399,533,598.94, accounting for 88.42% of total revenue, with a year-on-year growth of 13.25%[38]. - Revenue from the comprehensive wiring products increased by 29.27% to ¥197,510,645.45, making up 43.71% of total revenue[38]. - Domestic main business revenue was ¥441,387,294.27, which is 97.68% of total revenue, reflecting an increase of 11.54% year-on-year[39]. - The company reported a decrease in revenue from low-voltage distribution products by 2.93% to ¥41,853,695.33[38]. Research and Development - Research and development investment increased by 23.95% to ¥29,747,490.78 from ¥24,000,179.13 year-on-year[35]. - Research and development expenses increased to CNY 29,747,490.78, compared to CNY 24,000,179.13 in the first half of 2020, marking a growth of 24.5%[124]. Strategic Focus - The company is focused on product innovation and transformation in the information communication sector, providing solutions in optical communication networks, wireless communication networks, and industrial electrical systems[27]. - The company has emphasized its strategy of "products + solutions + services" to enhance its market position and customer base[27]. - The company maintained a focus on core business areas while exploring the transition from traditional wiring to data center business[29]. Shareholder Information - The company did not distribute cash dividends or issue bonus shares for the half-year period[64]. - The total number of ordinary shareholders at the end of the reporting period was 8,436[102]. - The largest shareholder, China Putian Information Industry Co., Ltd., holds 115 million shares, representing 53.49% of the total shares[102]. Compliance and Governance - The half-year financial report has not been audited[75]. - There were no changes in the board of directors, supervisors, or senior management during the reporting period[63]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[73]. Related Party Transactions - The company engaged in related party transactions with China Putian Information Industry Co., Ltd., amounting to 37.17 million yuan, representing 0.11% of the total transaction amount[80]. - The company reported a total of 240.16 million yuan in related party transactions for the first half of 2021, which included 67.6 million yuan for procurement and 145.72 million yuan for sales[82]. Market Conditions - The company faces risks related to industry cycles, technology development, and market competition, which could affect its operations[56]. - Cash flow pressure is significant due to long sales collection cycles influenced by project completion timelines[58]. Financial Management - The company plans to strengthen financial management and improve inventory liquidity to alleviate cash flow issues[58]. - The company achieved significant cost reductions through methods such as converting large modules to small modules and material substitutions[30].