金通灵(300091) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the current period is ¥1,052,491,247.66, representing a 43.70% increase compared to ¥732,433,852.92 in the same period last year[28]. - The net profit attributable to shareholders for the current period is ¥51,359,156.58, which is a 68.16% increase from ¥30,541,165.84 year-on-year[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is ¥42,837,434.17, showing a 100.92% increase compared to ¥21,321,073.85 in the previous year[28]. - The company's total assets at the end of the current period are ¥6,525,675,491.52, reflecting a 6.75% increase from ¥6,113,267,841.68 at the end of the previous year[28]. - The net assets attributable to shareholders at the end of the current period are ¥3,300,236,207.84, which is a 33.38% increase from ¥2,474,314,957.60 at the end of the previous year[28]. - The company's total operating revenue for the first half of 2021 increased significantly, leading to a profit total of ¥61,554,462.38, up 94.09% year-on-year[48]. - Net profit reached ¥52,916,617.67, representing a 95.66% increase compared to the same period last year, primarily due to the substantial rise in operating revenue[48]. Research and Development - The company is focusing on the development of small gas turbine technology, which involves high R&D costs and long cycles, to maintain its technological leadership in the domestic market[9]. - The company is actively advancing the research and development of new products such as fuel cell air compressors and small gas turbines, aiming for localization through technology absorption and collaboration with foreign brands[37]. - Research and development investment rose to ¥40,748,814.15, an increase of 21.51% from the previous year[47]. - The company is committed to increasing R&D investment, particularly in small gas turbine technology, to maintain its technological leadership in the domestic market[74]. Cash Flow and Financing - The company reported a significant improvement in cash flow from operating activities, with a net cash flow of -¥28,387,158.80, an 88.84% improvement from -¥254,456,978.00 in the previous year[28]. - The net cash flow from operating activities for the first half of 2021 was -28,387,158.80 CNY, an improvement from -254,456,978.00 CNY in the same period of 2020[160]. - The company raised a total of RMB 800 million by issuing 258,899,676 shares at a price of RMB 3.09 per share, netting RMB 792,018,976.38 after fees, which will be used to repay bank loans and supplement working capital[116]. - The cash flow from financing activities decreased by 66.47%, with a net amount of ¥86,527,451.59 due to increased cash payments for debt repayment[47]. Market Expansion and Strategy - The company plans to enhance its market share and accelerate new product development to mitigate the risk of idle capacity from expansion[11]. - The company aims to strengthen financing efforts through capital markets to support both external growth and internal development strategies[8]. - The company is focusing on energy-saving and environmental protection industries, with products such as centrifugal steam compressors and multi-stage high-pressure centrifugal blowers serving major clients like Baowu Steel and China Power[39]. - The company is actively developing hydrogen energy utilization, with national targets set for hydrogen stations and fuel cell vehicles, aiming for 1,000 hydrogen stations and 2 million fuel cell vehicles by 2030[39]. - The company is expanding its market in energy storage applications, particularly through ice storage technology, which utilizes off-peak electricity to reduce peak load and carbon emissions[41]. Asset Management and Liabilities - The company has committed to strict credit approval processes to manage accounts receivable risks, which currently represent a high proportion of total assets[6]. - The company reported a credit impairment loss of ¥10,289,111.48 in the first half of 2021, compared to a reversal of ¥4,568,968.48 in the same period of 2020[153]. - The company faces accounts receivable risk due to long payment approval processes, with accounts receivable accounting for a significant portion of total assets, potentially leading to liquidity issues[73]. - The total liabilities decreased to CNY 3,219,416,654.93 from CNY 3,633,087,716.42, a decline of about 11.41%[145]. Contracts and Projects - The company has signed large engineering contracts in biomass power generation and waste heat utilization, enhancing its influence in energy-saving and environmental protection sectors[8]. - The company reported a total of 48,541 new orders in energy-saving and environmental protection projects, with a confirmed revenue of CNY 32,248.33 million from 11 projects[50]. - The total amount of contracts in hand at the end of the reporting period was CNY 75,528.01 million, indicating a strong backlog of projects[50]. - The company experienced a significant drop in other income, which fell by 78.54% to ¥2,445,097.19, mainly due to a decrease in government subsidies received[47]. Corporate Governance and Compliance - The semi-annual financial report was not audited[93]. - There were no significant litigation or arbitration matters during the reporting period, with a total of RMB 2.35 million involved in minor cases[94]. - The company has confirmed that its financial statements comply with the accounting standards and accurately reflect its financial position, operating results, and cash flows[187]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its ongoing viability[185].