同大股份(300321) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 230,591,701.69, representing an increase of 18.00% compared to CNY 195,421,103.58 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 7,501,647.46, a decrease of 4.22% from CNY 7,832,462.55 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 4,860,875.14, down 16.91% from CNY 5,850,271.64 year-on-year[22]. - The net cash flow from operating activities was negative at CNY -10,830,415.45, a decline of 178.26% compared to CNY 13,839,742.06 in the same period last year[22]. - Total assets at the end of the reporting period were CNY 738,514,221.43, a decrease of 0.54% from CNY 742,491,577.48 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were CNY 624,961,079.30, down 1.61% from CNY 635,219,431.84 at the end of the previous year[22]. - The basic earnings per share were CNY 0.0845, a decrease of 4.20% from CNY 0.0882 in the same period last year[22]. - The diluted earnings per share were also CNY 0.0845, reflecting the same decline of 4.20%[22]. - The weighted average return on net assets was 1.18%, slightly down from 1.20% in the previous year[22]. Revenue and Costs - The company's operating revenue for the reporting period was approximately ¥230.59 million, representing an 18.00% increase compared to ¥195.42 million in the same period last year[39]. - The cost of goods sold increased by 25.74% to ¥201.79 million from ¥160.48 million year-on-year[39]. - Total operating costs amounted to CNY 223,170,393.71, up 19.22% from CNY 187,143,992.58 year-on-year[129]. Research and Development - Research and development expenses decreased by 23.90% to ¥7.51 million from ¥9.87 million in the previous year[39]. - The company is actively enhancing its research and development capabilities by investing in talent and technology to ensure future growth[36]. Market Position and Strategy - The company holds 19 core patents and has participated in the formulation of 24 national and industry standards, establishing itself as a leader in the ecological synthetic leather industry[33]. - The ecological ultra-fine synthetic leather market is expected to grow significantly due to increasing environmental regulations and consumer preferences for sustainable products[32]. - The company is positioned as one of the leading enterprises in the industry, with a strong focus on technological innovation and market expansion[33]. - The company has a competitive edge in cost management through refined processes in product development, procurement, and inventory management[35]. Cash Flow and Financial Position - Cash and cash equivalents decreased by 6.09% to ¥103,911,521.13, primarily due to payments for raw material purchases[46]. - Accounts receivable increased by 4.03% to ¥74,085,292.06, influenced by extended payment terms for customers[46]. - Inventory increased by 6.03% to ¥115,442,322.78 as part of a strategic stockpiling initiative[46]. - The company’s cash and cash equivalents decreased from 149,672,977.40 CNY at the end of 2020 to 103,911,521.13 CNY by June 30, 2021, representing a decline of approximately 30.6%[124]. - Accounts receivable increased from 44,575,507.88 CNY at the end of 2020 to 74,085,292.06 CNY, reflecting a growth of about 66.5%[124]. - Inventory rose significantly from 71,261,750.94 CNY at the end of 2020 to 115,442,322.78 CNY, indicating an increase of approximately 62%[124]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company will continue to increase investment in technology and product innovation to ensure sustainable development and maximize efficiency[64]. - The company has committed to distributing at least 20% of the annual distributable profits in cash if there are no significant investment plans or cash expenditures during the reporting period[80]. - The total number of common shareholders at the end of the reporting period was 5,480[108]. - The largest shareholder, Shandong Tongda Group, holds 32.86% of the shares, amounting to 29,180,769 shares, with 23,290,000 shares pledged[108]. Compliance and Governance - The company has strictly fulfilled all commitments made during the acquisition and restructuring processes[76]. - There were no changes in the board of directors, supervisors, or senior management during the reporting period[66]. - The company has not engaged in any research, communication, or interview activities during the reporting period[62]. - The company did not engage in any major litigation or arbitration matters during the reporting period[86]. - The company has not made any major acquisitions or disposals of assets or equity during the reporting period[90]. - The financial report for the first half of 2021 was not audited[122]. Accounting Policies - The company's financial statements are prepared based on the assumption of going concern, following the actual transactions and events[146]. - The company recognizes cash and cash equivalents, including cash on hand and deposits that are readily available for payment[154]. - The company measures expected credit losses based on the risk of default significantly increasing since initial recognition, using a 12-month horizon for low credit risk financial instruments[166]. - The company recognizes revenue based on the fulfillment of performance obligations, either over time or at a point in time, depending on specific criteria[199].