信维通信(300136) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 3,055,420,552.38, representing a 19.48% increase compared to CNY 2,557,256,868.67 in the same period last year[11]. - The net profit attributable to shareholders of the listed company decreased by 47.53% to CNY 172,438,635.87 from CNY 328,658,167.74 year-on-year[11]. - The net profit after deducting non-recurring gains and losses was CNY 127,260,131.44, down 56.66% from CNY 293,663,902.50 in the previous year[11]. - The net cash flow from operating activities was CNY 493,831,611.11, a decrease of 54.83% compared to CNY 1,093,172,215.15 in the same period last year[11]. - Basic earnings per share were CNY 0.1788, down 47.35% from CNY 0.3396 in the previous year[11]. - The operating cost increased by 37.56% to ¥2,483,129,589.36, leading to a decrease in gross margin by 10.68%[25]. - The company reported a significant increase in financial income, with financial expenses decreasing by 107.55% to -¥2,437,018.44[23]. - The company reported a total comprehensive income of CNY 170,694,730.77 for the first half of 2021, compared to CNY 332,049,393.94 in the first half of 2020[111]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,372,396,232.57, a decrease of 5.38% from CNY 10,962,454,931.45 at the end of the previous year[11]. - The company's current assets totaled CNY 5,775,666,424.67, down from CNY 6,836,542,930.26 at the end of 2020, indicating a decrease of about 15.5%[103]. - Total liabilities decreased to CNY 4,621,729,071.58 from CNY 5,395,464,637.43, a reduction of approximately 14.3%[104]. - The company reported a significant reduction in short-term borrowings, which decreased to CNY 1,227,122,991.24 from CNY 1,500,581,190.88, a decline of approximately 18.1%[104]. - The company’s total assets at the end of the reporting period were CNY 4,072,789,470.41[125]. Research and Development - R&D investment in the first half of 2021 was 292.44 million yuan, accounting for 9.57% of operating revenue, maintaining a high level of investment[19]. - The company is expanding new businesses such as LCP, BTB, UWB, passive components, and automotive connectivity, which are expected to contribute to revenue growth[16]. - The company aims to maintain an R&D investment ratio of over 8% annually to strengthen its core competitiveness and expand its technological advantages[19]. - The company has applied for a total of 1,817 patents as of June 30, 2021, with 234 new applications in the first half of 2021, including 95 patents for 5G antennas[19]. Market and Business Strategy - The company is focusing on the automotive sector, having established relationships with major automotive clients such as Volkswagen and Dongfeng Honda[17]. - The company is enhancing its product offerings in the BTB connector market, which is currently dominated by Japanese manufacturers, to capture domestic market opportunities[17]. - The company is actively developing UWB technology in collaboration with NXP Semiconductors, focusing on applications in IoT and automotive networks[18]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[109]. Environmental and Social Responsibility - The company has established a standardized discharge outlet for wastewater treatment, equipped with automatic monitoring devices[56]. - The company has implemented strict environmental protection measures, including regular maintenance of pollution control facilities[57]. - Igot has invested in a large wastewater treatment plant to ensure daily wastewater meets discharge standards, with automatic online monitoring connected to the Shenzhen Environmental Monitoring Center[58]. - Igot conducts 4-5 third-party tests annually on its exhaust emissions, all results have met discharge standards[59]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[2]. - The largest shareholder, Peng Hao, holds 19.48% of the shares, totaling 188,503,533 shares[94]. - The total number of shareholders at the end of the reporting period was 120,878[93]. - The company did not experience any changes in the holdings of directors, supervisors, and senior management during the reporting period[96]. Risk Factors - The company faces various risk factors which are detailed in the report, and investors are advised to read this section carefully[2]. - The company faced operational risks due to fluctuations in raw material prices, particularly for copper and plastics, which could impact operating costs and profit margins[42]. - The company has implemented strict internal control procedures to manage raw material price volatility and is enhancing monitoring efforts to stabilize operations[42]. Financial Management - The company has not reported any major guarantees or leasing situations during the reporting period[72]. - The company has no significant litigation or arbitration matters reported during the reporting period[67]. - The company has not engaged in any non-operational fund occupation by major shareholders or related parties during the reporting period[65]. - The company received approval from the China Securities Regulatory Commission for the private placement on March 5, 2021[87].