Yongfu(SZ:300712)2021-08-25 16:00Financial Performance - The company achieved operating revenue of CNY 570,334,737.81, representing a 24.82% increase compared to the same period last year[21]. - Net profit attributable to shareholders was CNY 12,802,886.94, a decrease of 57.49% year-on-year[21]. - The net profit after deducting non-recurring gains and losses was CNY 2,982,782.33, down 87.04% from the previous year[21]. - The net cash flow from operating activities was CNY 16,188,191.62, a significant increase of 115.93% compared to the previous year[21]. - Total assets at the end of the reporting period were CNY 2,364,519,684.14, an increase of 8.05% from the end of the previous year[21]. - The company’s EPC engineering contracting revenue was CNY 41,820.22 million, up 29.20% year-on-year[29]. - The company’s net profit, excluding the impact of share-based payments, would have been CNY 38,570,000, reflecting a growth of 28.06% year-on-year[29]. - The company reported a total comprehensive income of ¥5,548,503.48, down from ¥27,389,464.59 in the same period last year[179]. - The company reported a net profit of 34,600,000 CNY for the first half of 2021, which is a decrease of 16.7% year-over-year[199]. Cash Flow and Investments - The net cash flow from operating activities improved by 115.93%, reaching ¥16,188,191.62, compared to a negative cash flow of -¥101,612,886.2 in the previous year[53]. - Cash inflow from financing activities decreased to ¥298,468,600.00 in the first half of 2021, down from ¥449,722,081.84 in the first half of 2020, reflecting a decline of approximately 33.6%[187]. - The net cash flow from financing activities was negative at ¥32,423,885.95 in the first half of 2021, compared to a positive cash flow of ¥148,678,318.16 in the same period of 2020[187]. - The company reported a significant increase in sales revenue from services, reaching ¥670,616,125.23 in the first half of 2021, compared to ¥439,249,084.44 in the first half of 2020, marking a growth of approximately 52.7%[185]. - The cash flow from investing activities showed a net outflow of ¥51,744,907.93 in the first half of 2021, worsening from a net outflow of ¥20,070,586.62 in the same period of 2020[187]. Research and Development - Research and development investment rose by 32.63% to ¥25,332,055.11, up from ¥19,099,999.25, reflecting the company's commitment to innovation[53]. - The company has developed 120 proprietary or co-developed patented technologies, with 17 patents authorized in the first half of 2021, showcasing its R&D capabilities[48]. - The company is actively developing energy storage technology, offering advanced integrated solutions across all business areas, including large-scale energy storage stations and microgrids[35]. - The company is committed to improving its research and development capabilities and market positioning in the energy sector[99]. Market and Business Strategy - The company is focused on expanding its market presence in Southeast Asia, Africa, and the Middle East, aligning with the Belt and Road Initiative[28]. - The company is focusing on high-return, strong-profitability clean energy and new energy project investments to enhance future profitability and create new profit growth points[38]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[180]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its operational capabilities[194]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[4]. - The company is actively managing risks associated with overseas projects by monitoring local political and economic conditions and enhancing execution capabilities[95]. - Investment risks are being addressed through a principle of prioritizing benefits and implementing strict management procedures for new projects[96]. - The company is enhancing project management systems to address risks related to project delays and quality control, aiming to improve overall project execution[94]. Corporate Governance - The board of directors and management confirm the accuracy and completeness of the financial report[3]. - The company did not distribute cash dividends or issue bonus shares for the half-year period[104]. - There were no significant lawsuits or arbitration matters during the reporting period, with only minor litigation involving an amount of 5.4519 million CNY[119]. - The company has not encountered any overdue or unrecoverable amounts in its entrusted financial management activities, maintaining a balance of 8.3 million RMB in bank financial products[83]. Employee and Social Responsibility - The total number of employees as of June 30, 2021, was 1,169, with 66% being production personnel and 48% holding engineer or higher titles[49]. - The company actively engaged in social responsibility initiatives, including volunteer activities and support for local poverty alleviation projects[110]. - The employee education and training platform project has been completed after delays due to the interrelation with the enterprise information platform project[77]. Shareholder Information - The company has 182,104,000 shares outstanding, with no changes during the reporting period[153]. - The largest shareholder, Fuzhou Bohong Investment Management Co., Ltd., holds 25.36% of the shares, amounting to 46,185,486 shares, with 9,500,000 shares pledged[155]. - The total number of ordinary shareholders at the end of the reporting period is 9,007[155]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[159].