智动力(300686) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,122,890,956.21, representing a 28.90% increase compared to ¥871,118,638.19 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2021 was ¥58,083,513.52, up 20.87% from ¥48,054,363.37 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥57,030,850.38, which is a 33.32% increase from ¥42,776,263.54 in the same period last year[21]. - The gross margin for functional electronic components was 30.54%, while structural electronic components had a gross margin of 13.28%[38]. - The company's revenue for the reporting period reached CNY 1,122.89 million, representing a year-on-year growth of 28.90%[35]. - The net profit attributable to shareholders was CNY 58.08 million, an increase of 20.87% compared to the same period last year[30]. - The company reported a net loss of ¥7.20 million from its wholly-owned subsidiary in Vietnam, which accounted for 28.01% of total net assets[45]. - The total revenue from the subsidiary in Vietnam was CNY 345,297,000, with a net loss of CNY 7,204,165.88[73]. - The subsidiary Artes reported a revenue of CNY 641,262,368, with a net profit of CNY 38,001,551.85[74]. Cash Flow and Assets - The net cash flow from operating activities decreased by 37.24% to ¥78,743,126.10, down from ¥125,473,402.99 in the previous year[21]. - Cash and cash equivalents decreased to ¥794.67 million, down 10.62% from ¥1.32 billion, primarily due to partial investment of raised funds into projects[42]. - Accounts receivable increased to ¥454.67 million, representing 15.84% of total assets, a decrease of 3.86% from the previous year, attributed to increased sales collections[42]. - Inventory rose to ¥245.21 million, accounting for 8.54% of total assets, an increase of 1.12% due to pre-stocked orders from the previous year[42]. - Fixed assets amounted to ¥640.29 million, making up 22.31% of total assets, an increase of 3.55% due to new machinery and equipment[42]. - The total assets at the end of the reporting period were ¥2,870,281,473.71, a decrease of 16.75% from ¥3,447,865,619.31 at the end of the previous year[21]. - The company's current assets decreased to CNY 1,647,290,427.12 from CNY 2,359,358,557.15, reflecting a reduction of about 30.1%[152]. - The company's total liabilities were CNY 1,132,497,795.28, down from CNY 1,424,055,902.78, showing a decrease of approximately 20.5%[154]. Investments and Financing - The total amount of raised funds was RMB 1,058,986,276.09 from a non-public offering of 61,327,440 shares at RMB 17.59 per share, with a net amount after expenses of RMB 1,058,986,276.09[59]. - The total investment in raised funds during the reporting period was RMB 582,321,810.52, with interest income of RMB 4,016,348.82, and a remaining balance of RMB 479,776,493.70 as of June 30, 2021[59]. - The company completed a significant equity investment in Artis for RMB 343 million, acquiring a 49% stake, with an expected return of RMB 42,044,867.71[54]. - The company made a new equity investment of RMB 52 million in Hangzhou Bohan, holding a 99.99% stake, with an investment period of 7 years[54]. - The company has pledged land use rights valued at ¥10.29 million and buildings valued at ¥86.03 million as collateral for a $15 million credit facility[49]. - The company has committed a total investment of CNY 105,898.63 million, with CNY 58,232.18 million already invested, representing a progress rate of 55.00%[62]. - The company has utilized CNY 47,000 million of temporarily idle raised funds for cash management, investing in short-term financial products[65]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - A total of 2,217,600 shares from the 2017 restricted stock incentive plan were released from restrictions, with a repurchase of 128,000 shares at a price of 7.1625 yuan per share due to an employee's departure[84]. - The total number of shares increased from 204,424,800 to 265,752,240 after issuing 61,327,440 shares to specific investors[127]. - The company reported no changes in the shareholding of directors, supervisors, and senior management during the reporting period[139]. - The company’s major shareholders included state-owned entities and private investors, with significant holdings by Guangdong Hengkuo Investment Management Co., Ltd. and Shenzhen Yuan Zhi Fu Hai Investment Management Co., Ltd.[136]. - The company’s stock performance and shareholder structure indicate a strong backing from both individual and institutional investors, positioning it for future expansion[136]. Risks and Management - The company has outlined potential risks and corresponding measures in its management discussion section[4]. - The company faces risks related to raw material price fluctuations, which could significantly impact production costs, and plans to enhance management and utilization of raw materials[76]. - The company has identified risks associated with the underperformance of fundraising projects, committing to monitor project progress and market conditions closely[76]. - The company actively complies with environmental regulations and has not been classified as a key pollutant discharge unit[88]. Compliance and Legal Matters - The semi-annual report was not audited, indicating a lack of external validation for the financial statements[100]. - The company reported a litigation case involving an amount of 5,238.58 million CNY, which was dismissed by the Huizhou Intermediate People's Court[102]. - There were no penalties or rectifications reported during the reporting period[103]. - The company has maintained a clean record with no major related party transactions or financial dealings with affiliated financial companies[108].