JASIC(SZ:300193)2021-07-30 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 671,349,215, representing a 62.94% increase compared to CNY 412,032,719 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2021 was CNY 122,986,766, up 30.81% from CNY 94,016,550 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 100,559,677, reflecting a 28.84% increase from CNY 78,051,777 in the same period last year[21]. - The basic earnings per share increased to CNY 0.26, a 30.00% rise from CNY 0.20 in the previous year[21]. - The diluted earnings per share rose to CNY 0.25, marking a 25.00% increase from CNY 0.20 in the same period last year[21]. - Operating profit was CNY 141,844,626.08, reflecting a year-on-year growth of 23.27%, while net profit attributable to shareholders reached CNY 122,986,766.07, up 30.81%[34]. - The company reported a total comprehensive income of CNY 122.92 million for the first half of 2021, compared to CNY 94.65 million in the previous year, marking a growth of 29.9%[155]. - The total profit for the first half of 2021 was CNY 141.93 million, up from CNY 110.38 million in the same period of 2020, reflecting a growth of 28.7%[155]. Cash Flow and Assets - The net cash flow from operating activities was CNY 60,074,090, down 11.80% from CNY 68,109,372 in the previous year[21]. - As of the end of the reporting period, cash and cash equivalents decreased by 9.24% to CNY 1,006,436,768.45, accounting for 37.36% of total assets, primarily due to cash dividends and investment in financial products[56]. - The net cash flow from operating activities decreased by 11.80% to ¥60,074,089, primarily due to changes in operating revenue affecting cash flow[50]. - The company reported a total cash inflow from operating activities of CNY 503,092,325.44, up 28.3% from CNY 392,266,691.73 year-on-year[165]. - The net cash flow from investment activities was -CNY 72,355,519.06, an improvement from -CNY 250,079,737.55 in the first half of 2020[166]. - Cash and cash equivalents at the end of the period stood at CNY 961,050,905.22, down from CNY 977,289,808.91 at the end of the first half of 2020[166]. Investments and R&D - The company’s R&D investment amounted to ¥31,892,695, which is 18.93% higher than the ¥26,815,410 from the previous year, accounting for approximately 6% of total revenue over the past three years[50][42]. - Research and development expenses were CNY 31,892,695.49, representing a 19.4% increase from CNY 26,815,410.08 in the first half of 2020[154]. - The company is actively pursuing intellectual property applications to protect its R&D achievements[37]. - The company launched the new JET20 digital welding machine series, which received positive market feedback and contributed to increased sales[30]. Market and Sales - Domestic sales reached CNY 361,874,114.33, growing by 61.94%, while export sales amounted to CNY 298,277,855.84, increasing by 66.72%[30]. - The company's marketing network spans globally, allowing for rapid market penetration and responsiveness to customer needs[46]. - The company is focusing on low-risk, high-liquidity short-term financial products to mitigate interest rate fluctuation risks[76]. - The company is actively developing sales in stable regions to compensate for potential losses in international markets[77]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares during this reporting period[4]. - The total equity attributable to the parent company at the end of the period is CNY 478,448,864.00, a decrease from CNY 506,901,310.00 at the beginning of the year, representing a decline of approximately 5.5%[174]. - The company distributed dividends totaling CNY 239,224,432.00 during the period[172]. - The registered capital of the company is CNY 478,448,864.00, with a total of 478,448,864 shares issued[189]. Operational Challenges - The company is facing risks from rising operating costs due to abnormal supply-demand relationships in raw materials and irrational fluctuations in overseas transportation costs[73]. - The company faces exchange rate risks due to overseas sales primarily settled in USD, with potential pressure from the appreciation of RMB against USD, leading to increased foreign exchange losses[75]. - International sales are at risk due to ongoing pandemic control measures, geopolitical risks, and trade frictions, with the company analyzing market conditions to mitigate adverse impacts[77]. Environmental and Social Responsibility - The company has established an environmental management system compliant with ISO14001:2015 standards and has received certification from SGS[91]. - The company has implemented measures to manage waste, including the collection and treatment of solid waste and wastewater, ensuring compliance with local environmental standards[90]. - The company actively participated in pandemic prevention efforts and contributed to disaster relief by donating supplies to areas affected by natural disasters[97]. Corporate Governance - The financial statements were approved for release by the board of directors on July 29, 2021[191]. - The company operates under the assumption of going concern, with no significant doubts regarding its ability to continue operations for the next 12 months[194]. - The company has not reported any significant matters related to subsidiaries during this period[124].