宏达电子(300726) - 2021 Q2 - 季度财报

Revenue Growth - The company's revenue has steadily increased due to a consistent rise in product purchases from downstream customers in the high-reliability electronic sector[6]. - The company's operating revenue for the reporting period reached ¥922,699,528.07, representing a 77.53% increase compared to ¥519,739,346.43 in the same period last year[35]. - The total profit reached ¥50,783.89 million, marking a 117.10% growth year-on-year[52]. - The growth in performance is attributed to increased demand in high-reliability projects, expansion into non-tantalum capacitor markets, and rising civilian electronic component needs[46]. - The company is focusing on expanding its civilian product sales, which have been steadily increasing, contributing significantly to overall revenue growth[46]. Profitability - Net profit attributable to shareholders was ¥399,359,880.19, up 108.46% from ¥191,573,503.62 year-on-year[35]. - The net profit after deducting non-recurring gains and losses was ¥358,322,705.42, reflecting a 110.06% increase from ¥170,580,073.32 in the previous year[35]. - Basic earnings per share rose to ¥0.9982, an increase of 108.48% from ¥0.4788 in the previous year[35]. - The weighted average return on equity was 17.43%, an increase of 6.85% compared to 10.58% in the previous year[35]. Cash Flow - The net cash flow from operating activities was ¥240,701,668.75, a significant increase of 448.72% compared to ¥43,866,203.77 in the same period last year[35]. - Net cash flow from operating activities surged by 448.72% to ¥240,701,668.75, primarily due to increased collection of bills receivable and government subsidies[56]. - Cash and cash equivalents increased by 138.56% to ¥51,461,065.45, attributed to higher operating cash inflows[56]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,400,851,187.71, a 14.78% increase from ¥2,962,806,047.83 at the end of the previous year[35]. - Total liabilities amounted to ¥819,780,771.65, up from ¥758,492,627.33, indicating a growth of around 8.8%[192]. - The company's equity attributable to shareholders increased to ¥2,450,639,484.27 from ¥2,113,155,014.85, a rise of approximately 15.9%[193]. Risks - The company reported a significant risk related to accounts receivable, with a large balance and low turnover rate, potentially impacting cash flow[10]. - There is a risk that the company's high profit margins may not be sustainable if core technologies fail to meet customer needs or if key personnel leave[11]. - The majority of accounts receivable are from state-owned key group subsidiaries, indicating a reliance on a limited customer base[10]. - The company faces potential fluctuations in annual operating performance due to intermittent changes in customer procurement volumes based on national policies[6]. - The rapid expansion of the company's scale poses management risks, necessitating timely adjustments to management systems and internal controls to maintain competitiveness[91]. Management and Governance - The company has accumulated rich management experience and improved its governance structure to adapt to its growing scale[7]. - The company has maintained a stable governance structure with no changes in board members or senior management during the reporting period[102]. - The company continues to engage with investors through regular communication and performance updates, with a participation rate of 76.20% in the annual shareholder meeting[101]. Research and Development - Research and development expenses rose by 79.42% to ¥47,319,510.67, reflecting increased investment in R&D projects[56]. - The company has developed a flexible R&D platform to support new product development across various electronic components[50]. Social Responsibility - The company donated 500,000 yuan for educational infrastructure in impoverished areas in April 2021[113]. - The company has actively participated in social welfare activities, including donations for flood relief efforts amounting to 230,261 yuan[113]. - The company has established a "Hong Ai Fund" to support employees in need, assisting nine individuals during the reporting period[113]. Financial Activities - The company has not reported any instances of uncollectible accounts, indicating strong customer credit quality[10]. - The company has not engaged in any non-compliant external guarantees during the reporting period[121]. - The company did not engage in any related party transactions during the reporting period[131].