APLUS(SZ:300163)2022-08-29 16:00Financial Performance - The company's revenue for the reporting period was ¥177,201,023.35, representing a 7.18% increase compared to ¥165,328,080.01 in the same period last year[28]. - Net profit attributable to shareholders decreased by 34.53% to ¥4,632,195.98 from ¥7,074,928.39 in the previous year[28]. - The net profit after deducting non-recurring gains and losses dropped by 91.81% to ¥157,579.04 from ¥1,923,263.90[28]. - The net cash flow from operating activities improved significantly to ¥54,854,314.81, a 469.57% increase from -¥14,842,876.55[28]. - The company reported a net loss of ¥36,483,743.19 for the period, an improvement compared to a loss of ¥41,115,939.17 in the previous year[131]. - The net profit for the first half of 2022 was CNY 4,539,497.83, a decrease of 34.3% from CNY 6,914,361.12 in the same period of 2021[135]. - The total comprehensive income for the first half of 2022 was CNY 2,901,833.29, reflecting a decrease from CNY 5,543,057.13 in the first half of 2021[138]. Market and Competition - The company reported a significant reliance on foreign markets, with export revenue accounting for 71% of total operating income in 2021, down from 75.33% in 2020 and 79.91% in 2019[11]. - The company faces risks from market competition as the shading fabric market becomes increasingly crowded, which could lead to a decline in market share if competitiveness is not maintained[9]. - The company is focused on maintaining its position in the mid-to-high-end product market despite increasing competition and rising production costs[9]. Raw Materials and Costs - The main raw materials for the company's functional shading materials, including polyester fiber and PVC, have seen price increases due to rising international oil prices, impacting product cost control[10]. - The company acknowledges the risk of raw material price volatility, which is influenced by global political and economic factors, potentially affecting profitability[10]. - The operating cost increased by 10.20% to ¥147,049,751.94 from ¥133,439,503.59, primarily due to higher sales volume[45]. Research and Development - The company developed four innovative new products in the field of polymer composite shading materials, enhancing its competitive edge[36]. - The company's R&D investment was ¥5,122,712.75, a slight decrease of 3.02% from ¥5,282,226.54 in the previous year[45]. - As of June 30, 2022, the company held a total of 69 domestic patents and 47 foreign patents, indicating a strong focus on technological innovation[41]. Financial Position - Total assets at the end of the reporting period were ¥666,786,407.34, down 3.24% from ¥689,118,320.19 at the end of the previous year[28]. - Cash and cash equivalents increased to 97,242,420.43, representing 14.58% of total assets, up from 6.06% the previous year, mainly due to the recovery of prior payments[51]. - Accounts receivable decreased to 97,275,929.21, accounting for 14.59% of total assets, down from 19.86% the previous year, also due to the recovery of prior payments[51]. - Inventory decreased to 156,197,400.61, representing 23.43% of total assets, down from 25.86% the previous year, attributed to improved inventory turnover due to easing international shipping constraints[51]. Governance and Compliance - The independent director raised concerns about the incompleteness of the half-year report, highlighting undisclosed matters related to asset sales and guarantees that could affect shareholder interests[5]. - The independent director's concerns about the adequacy of disclosures in the report suggest potential governance issues that could impact investor confidence[6]. - The semi-annual financial report was not audited[89]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 28,754[115]. - The total number of shares is 474,000,000, with 99.92% being unrestricted shares[113]. - Lu Xianfeng holds 20.29% of the shares, totaling 96,166,203, with 8,758,000 shares reduced during the reporting period[115]. - The company has not conducted any repurchase transactions during the reporting period[116]. Environmental and Social Responsibility - The company has obtained ISO14001 environmental management system certification and will continue to strengthen environmental supervision[77]. - The company emphasizes employee rights protection, providing various benefits and support for employee well-being[81]. - The company actively responds to national epidemic prevention policies, ensuring strict compliance with health measures[83]. Financial Instruments and Accounting - The group recognizes financial assets and liabilities when it becomes a party to a financial instrument contract[193]. - Financial assets are classified based on the business model and cash flow characteristics, including those measured at amortized cost and fair value[194]. - The group uses the effective interest method for financial assets measured at amortized cost, with gains or losses recognized in profit or loss[195].