领湃科技(300530) - 2021 Q2 - 季度财报

Financial Performance - The company reported a negative net profit for the year 2020, triggering a delisting risk warning as per the Shenzhen Stock Exchange rules[5]. - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves[6]. - The stock was renamed from "Dazhi Technology" to "*ST Dazhi" following the delisting risk warning[5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its management team[4]. - The company's operating revenue for the reporting period was ¥49,342,931.78, representing a 35.33% increase compared to ¥36,461,824.24 in the same period last year[22]. - The net profit attributable to shareholders was -¥87,929,370.17, a decrease of 1,205.48% from ¥7,953,923.37 in the previous year[22]. - The net cash flow from operating activities was -¥43,353,257.83, down 267.99% from ¥25,807,343.01 in the same period last year[22]. - The total assets at the end of the reporting period were ¥1,173,540,798.39, an increase of 7.25% from ¥1,094,165,902.85 at the end of the previous year[22]. - The net assets attributable to shareholders decreased by 28.47% to ¥220,866,113.40 from ¥308,795,483.57 at the end of the previous year[22]. - The company reported a significant increase in financial expenses, rising by 335.98% to ¥1,990,555.25 from -¥843,529.32, due to increased borrowing leading to higher interest expenses[43]. - The company's net loss for the first half of 2021 was CNY 93,688,366.52, compared to a net loss of CNY 30,000,000.00 in the first half of 2020, indicating a worsening of financial performance[161]. Business Strategy and Development - The company is focused on the development of new environmentally friendly surface engineering chemicals and has expanded into the new energy power battery sector[29]. - The new energy power battery business is still in the R&D phase, with plans for production capacity at two bases in Hunan and Sichuan, with the first production line expected to be operational in 2021[33]. - The company aims to enhance its market presence through direct sales and participation in industry forums and exhibitions[33]. - To mitigate risks, the company plans to expand its surface engineering chemical business and promote the production of new energy power batteries[69]. - The company aims to enhance its internal control mechanisms and strengthen risk management to ensure sustainable development[69]. - The company has established a comprehensive business development system for the new energy power battery business, including supplier and customer management systems, to enhance internal control and sustainable development capabilities[97]. Research and Development - The company has established a research and development team for new energy power batteries, with an average experience of over ten years in the lithium battery industry[40]. - The company emphasizes R&D investment as a key strategy to maintain its core competitiveness, with a focus on developing high-performance battery materials[72]. - The company is actively engaged in the development of new products and technologies, including high-nickel lithium-ion battery materials[73]. - The company has developed a technology system combining patented and non-patented technologies, ensuring its leading position in the surface engineering chemicals industry[70]. - The company has a core technology reserve in the new energy power battery sector, with ongoing patent applications for some technologies[70]. Market and Industry Trends - The surface engineering chemicals business is projected to grow at an annual rate of approximately 3% globally for PCB electronic chemicals from 2019 to 2024, with a domestic growth rate of around 5%[34]. - The global market for flat panel display electronic chemicals is expected to reach $51 billion by 2024, with a compound annual growth rate (CAGR) of about 10% from 2019 to 2024[34]. - The integrated circuit electronic chemicals market is anticipated to reach $85 billion globally and $35.7 billion domestically by 2024, driven by increasing demand in developing countries[34]. - In the first half of 2021, domestic sales of new energy vehicles in China reached 1.206 million units, representing a year-on-year growth of 200%[34]. - The installed capacity of domestic power batteries in the first half of 2021 was 52.5 GWh, showing a year-on-year increase of 200.3%[34]. - The penetration rate of new energy vehicles in China increased from 5.4% in 2020 to 9.4% in the first half of 2021[37]. Corporate Governance and Compliance - The company has established a customer credit management system to evaluate credit standards and mitigate potential bad debt losses[100]. - The company has revised its information disclosure management system to improve the approval process and ensure timely and accurate disclosures[98]. - The company has conducted training for all board members and senior management on securities laws and regulations to enhance governance and internal control capabilities[99]. - The company received a warning letter from the Guangdong Securities Regulatory Commission for inaccurate disclosures related to related party transactions and internal information management[94]. - The company has implemented measures to manage conflicts of interest among employees, requiring disclosure of any potential conflicts[100]. Shareholder and Stock Information - The company announced the implementation of the 2021 Restricted Stock Incentive Plan, with no objections raised during the public notice period from June 8 to June 18, 2021[81]. - On June 23, 2021, the company held a shareholder meeting to approve the 2021 Restricted Stock Incentive Plan and its management measures[83]. - The company’s stock trading limit remains at 20% following the delisting risk warning[121]. - The company plans to issue 187.98 million restricted shares at a price of 18.61 CNY per share to 47 eligible participants[124]. - The company’s major shareholder, Hengpa Power, plans to increase its stake by purchasing 1,124,400 shares to boost investor confidence[122]. - The total number of ordinary shareholders at the end of the reporting period was 6,729[138]. - The largest shareholder, Cai Zhihua, holds 33.78% of the shares, totaling 53,507,690 shares[138]. Financial Position and Assets - The company’s total assets included ¥210,454,072.01 in cash, representing 17.93% of total assets, compared to 17.57% in the previous year[52]. - The company’s short-term borrowings amounted to ¥322,254,717.68, accounting for 27.46% of total liabilities, an increase from 28.35% in the previous year[53]. - The company’s total current assets reached CNY 350,909,811.31, up from CNY 305,554,234.34, marking an increase of around 14.8%[153]. - The company reported a significant increase in other receivables, which rose to CNY 29,045,207.47 from CNY 4,380,753.66, reflecting a growth of approximately 561.5%[152]. - The total liabilities increased to CNY 946,696,307.30 as of June 30, 2021, up from CNY 778,398,247.74 at the end of 2020, representing a growth of about 21.6%[155]. Risks and Challenges - The company faces delisting risk due to a negative net profit in 2020 and revenue below ¥100 million, triggering a warning under the listing rules[68]. - The company has faced intensified competition in the power battery industry due to increased market entrants and capacity expansion by existing players[72]. - The company has not experienced any safety production accidents since its establishment, despite the inherent risks in handling flammable and corrosive materials[71].