锦鸡股份(300798) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥498 million, representing a 56.30% increase compared to the same period last year[20]. - The net profit attributable to shareholders for the same period was approximately ¥36.82 million, a significant increase of 1,129.37% year-on-year[20]. - The net profit after deducting non-recurring gains and losses reached approximately ¥40.39 million, marking an increase of 48,669.45% compared to the previous year[20]. - The basic earnings per share for the first half of 2021 was ¥0.0881, up 1,123.61% from ¥0.0072 in the same period last year[20]. - The company's revenue for the reporting period reached ¥498,003,798.85, a 56.30% increase compared to ¥318,611,936.11 in the same period last year, attributed to the gradual control of the pandemic and improvement in the domestic market economy[51]. - The company's gross profit margin for dyeing products was 17.51%, up from 12.63% in the previous year, while the gross profit margin for printing products was 25.42%, an increase from 22.99%[53][54]. - The company reported a significant increase in investment income, amounting to ¥1,647,748.61, contributing 3.83% to the total profit[56]. - The company reported a commitment to not transfer or entrust the management of shares for 36 months from the date of the IPO, ensuring shareholder confidence[108]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥1.52 billion, a slight decrease of 0.81% from the end of the previous year[20]. - The company's total assets as of June 30, 2021, amounted to ¥762,618,133.20, a slight decrease from ¥777,816,008.43 at the end of 2020[184]. - The company's total liabilities decreased from CNY 304,355,814.29 at the end of 2020 to CNY 277,590,394.17 as of June 30, 2021, reflecting a reduction of approximately 8.8%[179][180]. - The total equity attributable to the parent company increased from CNY 1,213,489,387.66 at the end of 2020 to CNY 1,238,727,130.87, reflecting a growth of approximately 2.1%[180]. - The company's cash and cash equivalents decreased by 276.35% to -¥45,553,926.58, primarily due to a reduction in operating cash flow[51]. - The company's cash and cash equivalents were CNY 182,416,574.78, down from CNY 209,470,501.36, representing a decline of approximately 12.9%[177]. Cash Flow - The company reported a negative net cash flow from operating activities of approximately ¥26.95 million, a decline of 201.16% compared to the previous year[20]. - The cash flow from operating activities showed a significant improvement compared to the previous period, indicating better operational efficiency[198]. - The net cash flow from operating activities was CNY 14,709,684.39, a decrease of CNY 94,683.88 compared to the previous period[198]. - The net cash flow from investing activities was -CNY 29,965,346.58, with cash inflows totaling CNY 55,000,000.00 and outflows of CNY 34,965,346.58[198]. - The net cash flow from financing activities was -CNY 16,250,044.87, with cash inflows of CNY 32,176,676.19 and outflows of CNY 48,426,721.06[198]. Investments and Projects - The company is constructing a project with an annual production capacity of 15,000 tons of environmentally friendly high-end disperse dyes[27]. - A project for producing 2,000 tons of textile digital printing ink and 1,000 tons of high-purity inkjet printing dyes is also in preparation[28]. - The company is currently constructing several projects, including a fine chemical product project and an environmentally friendly high-end disperse dye project, which will enhance product variety and reduce reliance on external dye intermediates[46]. - The total planned investment for the new project involving the production of 2,000 tons of textile digital printing ink and 1,000 tons of high-purity colorants is not to exceed 100 million yuan[157]. - The company plans to issue convertible bonds to raise funds for the "Phase I Fine Chemical Products Project" to enhance its operational scale and competitiveness[151]. Research and Development - Research and development investment increased by 29.88% to ¥13,777,331.05, reflecting the company's commitment to innovation and product development[51]. - The company has applied for 40 national invention patents, with 26 patents granted, and has registered 43 trademarks, enhancing its intellectual property portfolio[38]. - Research and development expenses for the first half of 2021 were ¥13,777,331.05, up from ¥10,607,446.62 in the first half of 2020, reflecting an increase of approximately 29.5%[185]. Market and Sales - The company achieved operating revenue of 498 million CNY, a year-on-year increase of 56.30%[33]. - The company has established a complete direct sales system with over 40 professional sales and application service team members[30]. - The company is expanding its product categories and industry layout through horizontal and vertical expansions in the dye industry[27]. - The company is focusing on energy-saving and environmentally friendly product development to align with national industrial policy and enhance brand value[35]. - The company is expanding its market presence, targeting a 10% increase in market share in the next fiscal year[115]. Risk Management - The management highlighted potential risks including macroeconomic conditions, safety production, and raw material price fluctuations[5]. - The company faces risks from macroeconomic fluctuations, particularly due to the ongoing US-China trade tensions and their impact on the textile and dyeing industries[78]. - The company has established a robust safety production system to mitigate risks associated with the handling of flammable and toxic materials[79]. - Environmental protection measures have been implemented, including investments in facilities to manage waste and emissions, in response to stricter national policies[80]. Corporate Governance - The company has not made any significant equity investments during the reporting period[63]. - The company has not reported any overdue amounts from entrusted financial products, maintaining a healthy financial position[72]. - The company has not engaged in any major asset or equity sales during the reporting period, indicating stability in its asset management[75]. - The company has not participated in any derivative investments or entrusted loans, reflecting a conservative financial strategy[74]. - The company has committed to avoiding competition with its subsidiaries and related parties[120]. Environmental Responsibility - The company emphasizes eco-friendly practices, with its main products achieving BLUESIGN certification, indicating international recognition in resource productivity and consumer safety[40]. - The company has implemented a wastewater treatment system with a capacity of 800 tons/day and a treatment efficiency of over 95% for air emissions[93]. - The company has established a self-monitoring plan for environmental emissions, which has been filed with the local environmental authority[95]. - All environmental monitoring results for wastewater, air emissions, and noise during the reporting period complied with legal requirements[95]. - The company has actively increased and upgraded environmental protection facilities, ensuring compliance with environmental laws and regulations without any major pollution incidents during the reporting period[100].