Increase(SZ:300713)2021-08-24 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥121,874,309.21, representing a 17.53% increase compared to ¥103,697,158.70 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2021 was ¥9,545,382.05, a significant increase of 77.23% from ¥5,385,962.84 in the previous year[21]. - The net profit after deducting non-recurring gains and losses reached ¥4,793,813.00, marking a 286.17% increase compared to ¥1,241,376.64 in the same period last year[21]. - The basic earnings per share for the first half of 2021 was ¥0.0605, up 77.42% from ¥0.0341 in the previous year[21]. - The total assets at the end of the reporting period were ¥960,097,215.09, reflecting a 3.66% increase from ¥926,196,289.39 at the end of the previous year[21]. - The net assets attributable to shareholders at the end of the reporting period were ¥729,808,947.40, a slight increase of 1.33% from ¥720,263,565.35 at the end of the previous year[21]. - The net cash flow from operating activities was ¥15,010,317.24, which represents a decrease of 58.24% compared to ¥35,943,588.03 in the same period last year[21]. - The weighted average return on net assets was 1.32%, an increase of 0.55% from 0.77% in the previous year[21]. Research and Development - As of June 2021, the company invested 17,426,086.62 yuan in R&D, accounting for 14.30% of its operating revenue, a decrease of 6.04% from the previous year[51]. - The company emphasizes independent innovation and R&D, maintaining a competitive edge in core technologies within the power electronics industry[38]. - The company is investing in research and development, allocating 10% of its revenue towards new technologies and product innovations[121]. Market and Product Development - The company focuses on the research, development, production, and sales of intelligent high-frequency switch power supplies and related power electronic products[28]. - The main product categories include electric operation power supplies, electric vehicle charging power supplies, and other power products, serving various industries such as power, new energy vehicles, and telecommunications[29]. - The electric vehicle charging power supply products include modules and systems, primarily providing fast charging solutions for various types of electric vehicles[30]. - The company plans to enhance its charging station operation management platform and integrate it with construction solutions and products to boost market competitiveness[50]. - Market expansion plans include entering two new international markets by the end of 2021, aiming for a 5% market share in each region within the first year[121]. Financial Management and Investments - The company has a cash balance of RMB 22,426.56 million in raised funds, with RMB 5,600 million temporarily used for working capital[77]. - The company has invested RMB 17,556.6 million in the smart high-frequency switch power supply industrial park project, with a completion rate of 92.20%[72]. - The company has a total of RMB 103,588,655.39 in restricted assets, primarily due to structured deposits and bank guarantees[68]. - The company has a diversified portfolio of entrusted wealth management products across multiple banks[86]. - The company is focusing on low-risk investment strategies to ensure capital preservation and steady returns[86]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[107]. - The company has a structured approach to managing shareholder communications and ensuring compliance with regulatory requirements[120]. - The company has committed to maintaining a robust risk management framework to mitigate potential losses in its investment portfolio[86]. - The company has established conditions under which cash dividends may not be distributed, including negative net cash flow or significant future investment plans[124]. - The company’s board of directors is responsible for determining the specific cash dividend ratio based on the company's development stage and financial conditions[124]. Risks and Compliance - The company faces risks related to industry policy changes, raw material price fluctuations, and market competition, which could impact profitability[95][96][97]. - The company emphasizes the importance of R&D to maintain core competitiveness and mitigate risks associated with new product development[98][99]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[110]. - The company actively fulfills its social responsibilities and maintains good communication with shareholders and stakeholders[111]. Future Outlook - The company provided a positive outlook for the second half of 2021, projecting a revenue growth of 20% to 30% based on current market trends and user acquisition strategies[121]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on enhancing product features and user experience[121]. - The company is considering strategic acquisitions to enhance its technology capabilities, with a budget of up to 500 million RMB for potential targets[121].