震安科技(300767) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥331,944,766.79, representing a 19.29% increase compared to ¥278,256,637.68 in the same period last year[22]. - The net profit attributable to shareholders of the listed company decreased by 29.66% to ¥65,408,880.53 from ¥92,983,668.99 in the previous year[22]. - Basic earnings per share decreased by 29.66% to ¥0.3244 from ¥0.4612 in the same period last year[22]. - Diluted earnings per share also fell by 30.46% to ¥0.3207 from ¥0.4612 in the previous year[22]. - The weighted average return on net assets decreased to 5.72% from 9.17% in the same period last year, a decline of 3.45%[22]. - The company's revenue for the reporting period reached ¥331,944,766.79, representing a year-on-year increase of 19.29% compared to ¥278,256,637.68 in the previous year[65]. - The operating costs increased by 39.69% to ¥177,271,084.08, primarily due to increased sales volume and rising raw material prices[65]. - The company reported a net profit of 60,596,157.45 RMB for the current period, a decrease of 16.50% compared to the same period last year[193]. Cash Flow and Investments - The net cash flow from operating activities was negative at ¥98,226,107.08, a significant decline of 1,005.12% compared to -¥8,888,279.82 in the same period last year[22]. - The company’s cash and cash equivalents decreased by 17.84% to 319,771,918.61 CNY, primarily due to investments in fundraising projects[71]. - The company reported a significant decrease of 71.32% in other income, totaling 4,694,425.30 CNY, mainly due to reduced government subsidies[67]. - The company’s fundraising activities generated a net cash flow of ¥221,537,838.79, a remarkable increase of 3,856.03% due to the issuance of convertible bonds[65]. - The company has initiated cash management for idle raised funds, with a maximum of RMB 100 million allocated for purchasing low-risk financial products[82]. - The company plans to use up to RMB 200 million of idle raised funds for cash management, investing in high-security and liquid financial products[83]. Assets and Liabilities - The total assets at the end of the reporting period increased by 18.23% to ¥1,751,589,755.03 from ¥1,481,570,275.60 at the end of the previous year[22]. - The total liabilities increased to CNY 510,288,872.02, compared to CNY 372,192,862.45, reflecting a growth of approximately 37.1%[200]. - The asset-liability ratio increased to 29.13%, reflecting a rise of 4.01% compared to the end of last year[193]. - The company's inventory increased to 190,161,937.78 RMB from 175,650,759.15 RMB at the end of the previous year[198]. - Accounts receivable increased by 27.95% to 470,315,667.13 CNY, attributed to higher sales revenue[71]. Research and Development - Research and development investment rose by 61.60% to ¥5,736,353.86, reflecting an increase in R&D projects[65]. - The company has established a strong technical team and R&D capabilities, providing comprehensive solutions from design to installation and maintenance of isolation products[39]. - The company emphasizes the importance of continuous R&D investment to enhance product competitiveness and reduce the time for new technology application in products[98]. - The company plans to maintain a stable R&D investment to ensure alignment between technology and product development, focusing on core technology platformization[98]. Market Position and Strategy - The company specializes in building isolation technology, offering a range of products including rubber bearings and energy-dissipating dampers, with a focus on R&D and production capabilities[29]. - The company is positioned as a leader in the seismic isolation industry, with a market share of approximately 30.12% in the national housing seismic isolation market as of 2017[54]. - The promotion of isolation technology is expected to rise due to increased government focus on disaster prevention and the implementation of mandatory policies, indicating a growing market trend[47]. - The company operates primarily through direct sales, targeting owners, construction parties, and a small number of distributors, with a focus on projects that require bidding procedures[43]. Shareholder and Dividend Policies - The company plans to distribute at least 20% of the annual distributable profits in cash dividends[113]. - The company has established a stock price stabilization plan effective for three years post-IPO, aimed at preventing the stock price from falling below the latest net asset value per share for 20 consecutive trading days[112]. - The company did not distribute cash dividends or issue bonus shares for the half-year period[105]. - The company has committed to a cash distribution of profits unless significant investment plans or cash expenditures arise[113]. Compliance and Governance - The company has not faced any administrative penalties related to environmental issues during the reporting period[108]. - The company is not classified as a key pollutant discharge unit and adheres to environmental protection laws[108]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[179]. - The company has established a special account for raised funds in compliance with regulatory requirements to protect the rights of minority investors[151].