DOWELL(SZ:300535)2021-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥300,103,292.49, representing a 106.74% increase compared to ¥145,161,867.72 in the same period last year[25]. - The net profit attributable to shareholders for the first half of 2021 was ¥32,703,401.29, a significant increase of 767.02% from ¥3,771,943.44 in the previous year[25]. - The net profit after deducting non-recurring gains and losses was ¥31,359,367.23, up 1,323.96% from ¥2,202,266.61 in the same period last year[25]. - The basic earnings per share for the first half of 2021 was ¥0.3145, an increase of 766.39% compared to ¥0.0363 in the previous year[25]. - The company reported a total revenue of 56,574.5 million yuan for the first half of 2021[131]. - Operating profit for the first half of 2021 was ¥36.13 million, up from ¥3.27 million in the first half of 2020, reflecting a growth of 1003.8%[188]. - Net profit for the first half of 2021 was ¥31.66 million, compared to ¥2.93 million in the same period of 2020, representing an increase of 980.5%[188]. - The company achieved a total profit of ¥36.41 million in the first half of 2021, compared to ¥3.14 million in the same period of 2020, reflecting an increase of 1031.5%[188]. - Comprehensive income for the first half of 2021 totaled ¥30.99 million, compared to ¥3.24 million in the first half of 2020, indicating an increase of 855.5%[189]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,191,683,992.06, reflecting a 10.20% increase from ¥1,081,335,733.04 at the end of the previous year[25]. - The net assets attributable to shareholders increased by 4.76% to ¥861,209,338.74 from ¥822,068,803.97 at the end of the previous year[25]. - The company's total investment during the reporting period was ¥155,240,000, a significant increase of 2,774.81% compared to ¥5,400,000 in the same period last year[78]. - The company's accounts receivable at the end of the reporting period amounted to ¥215,816,100, accounting for 18.11% of total assets and 72.15% of main business income[89]. - The company's inventory at the end of the reporting period was valued at ¥199,598,400, representing 16.75% of total assets[89]. - The company reported a total liability of CNY 274,500,134.37, compared to CNY 202,250,210.74, reflecting an increase of about 35.7%[180]. - Current liabilities rose to CNY 268,796,632.62, compared to CNY 195,976,136.82 in the previous period, indicating an increase of about 37.1%[180]. Cash Flow - The company reported a net cash flow from operating activities of -¥774,192.45, an improvement of 90.03% compared to -¥7,768,317.67 in the same period last year[25]. - Total cash inflow from operating activities was 341,182,034.98, while cash outflow was 341,956,227.43, resulting in a net cash flow of -774,192.45[196]. - Cash inflow from financing activities was 92,150,537.32, compared to 16,875,000.00 in the same period last year, showing a significant increase in financing efforts[197]. - The company’s cash and cash equivalents at the end of the period were 33,231,092.60, down from 58,756,879.16 at the beginning of the period[198]. - The net cash flow from investment activities was -108,282,802.46, a decline from -8,728,796.87 in the first half of 2020, reflecting increased investment expenditures[197]. Research and Development - Research and development investment rose by 48.36% to ¥18,996,946.97, indicating a commitment to innovation and product development[66]. - The company has established two R&D centers in Chengdu and Shanghai, focusing on key technologies and processes in leather chemical manufacturing, achieving internationally advanced or domestically leading technical results[58]. - The company is focusing on increasing R&D investment in clean production technologies and functional materials to align with market trends and consumer needs[55]. Environmental Management - The company emphasizes environmental protection and has developed clean production and circular economy practices, ensuring that waste emissions meet national and local standards[90]. - The company has a comprehensive environmental protection management system and has passed environmental inspections[90]. - The company has implemented various pollution control measures, including wastewater, waste gas, and solid waste treatment[104]. - The company has established facilities to collect and treat waste gas generated during production and research processes[105]. - The company’s waste gas treatment includes low-nitrogen combustion technology to reduce emissions of nitrogen oxides[104]. Business Expansion and Strategy - The company plans to expand into new business areas, including smart manufacturing and ecological wood board industries, which may face various market and operational risks[9]. - The company is expanding into the production and sales of eco-friendly multilayer solid wood panels, which are used in custom and finished furniture as well as building decoration[34]. - The company aims to optimize product structure and sales channels while expanding into international markets and improving production processes to reduce unit costs[48]. - The company is committed to the intelligent transformation of the manufacturing industry, aligning with global trends in smart manufacturing[41]. Legal Matters - The company has ongoing litigation involving a claim for 181,433.6 thousand yuan against a leather factory, with the case still in execution[119]. - The company is actively pursuing legal claims to recover outstanding payments, indicating a focus on improving cash flow through litigation[126]. - The company has ongoing litigation for overdue payments totaling 443,229.3 yuan and 646,557 yuan[128]. Shareholder and Stock Information - The total number of ordinary shareholders at the end of the reporting period was 9,061[164]. - The largest shareholder, Yan Jianlin, holds 21.47% of the shares, totaling 22,407,147 shares[164]. - The company’s total number of limited shares decreased from 20,063,135 to 18,356,772 due to the release of lock-up[157].