Actblue (SZ:300816)2021-08-26 16:00Financial Performance - The company's operating revenue for the reporting period was ¥388,994,327.45, representing a 29.82% increase compared to ¥299,638,635.39 in the same period last year[22]. - The net profit attributable to shareholders of the listed company decreased by 16.43% to ¥49,769,895.82 from ¥59,557,379.89 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 31.17% to ¥36,969,156.92 compared to ¥53,710,650.88 in the same period last year[22]. - The net cash flow from operating activities improved significantly to ¥12,315,840.27, a 115.29% increase from a negative cash flow of ¥80,532,512.00 in the previous year[22]. - The total assets at the end of the reporting period were ¥1,296,893,883.20, reflecting a 13.34% increase from ¥1,144,278,247.98 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company increased by 3.92% to ¥799,298,708.43 from ¥769,127,458.05 at the end of the previous year[22]. - Basic earnings per share decreased by 16.22% to ¥0.62 from ¥0.74 in the same period last year[22]. - The weighted average return on net assets decreased to 6.35%, down by 5.29% from 11.64% in the previous year[22]. Research and Development - The company has increased its investment in R&D for road National VI, non-road National IV, and marine exhaust treatment projects, leading to a significant rise in R&D expenses[39]. - The company's R&D investment increased by 38.78% to ¥22,041,882.81 from ¥15,882,326.96, driven by higher material and testing costs[51]. - Research and development expenses increased to CNY 22,041,882.81, representing a rise of 38.5% compared to CNY 15,882,326.96 in the first half of 2020[170]. Market and Product Development - The sales proportion of diesel engine exhaust treatment products meeting the National VI emission standards increased, but the gross margin was lower due to high raw material costs and the impact of COVID-19 on the supply chain[37]. - The company is actively expanding into the gasoline engine exhaust treatment market, which has also contributed to a decline in overall gross margin[38]. - The implementation of the National VI emission standards for diesel engines began on July 1, 2021, creating a market opportunity for compliant products[37]. - The automotive market showed strong growth in the first half of 2021, with production and sales increasing by 24.2% and 25.6% year-on-year, respectively[43]. - The non-road mobile machinery and marine markets present significant growth potential, with new emission standards set to be implemented in the coming years[44]. - The company is positioned at the forefront of the industry with its National VI exhaust treatment products, which are among the strictest emission standards globally[45]. Financial Management and Investments - The company has established a comprehensive supplier management system to ensure quality and efficiency in its procurement process[33]. - The company has established a comprehensive supply chain management system to quickly respond to market demands and reduce costs[49]. - The total amount of raised funds is CNY 365.18 million, with CNY 30.15 million invested during the reporting period[65]. - Cumulative investment of raised funds reached CNY 171.72 million, including CNY 25.54 million used to replace self-raised funds[65]. - The company has allocated CNY 19.5 million to purchase principal-protected financial products, with a remaining balance of CNY 6.01 million in the special account for raised funds[65]. - Total entrusted financial management amounts to CNY 77.5 million, with no overdue amounts reported[73]. Risk Management - The company has detailed the risks it may face and corresponding measures in the report, urging investors to be aware of investment risks[4]. - The company faces raw material price fluctuation risks, as raw materials account for a high proportion of costs, especially precious metal price fluctuations[85]. - The company plans to enhance product competitiveness and explore new customers to cope with downstream industry fluctuation risks[86]. - The company has taken measures to ensure orderly production and operation in response to pandemic risks[84]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The annual shareholders' meeting had an investor participation rate of 63.25% on March 16, 2021[94]. - There were no changes in the company's equity incentive plans or employee stock ownership plans during the reporting period[97]. - The company emphasizes compliance with laws and regulations, actively protecting employee rights and responding to COVID-19 vaccination efforts[101]. - The company has committed to maintaining stable dividend policies and ensuring timely and accurate information disclosure to investors[101]. Legal and Compliance - The company is not classified as a key pollutant discharge unit and did not face any administrative penalties for environmental issues during the reporting period[100]. - The company has not reported any significant environmental issues or violations during the reporting period[100]. - The company has no significant penalties or rectification situations during the reporting period[121]. - There are no major related party transactions or significant contracts during the reporting period[126][128]. Share Capital and Ownership - The company reported a decrease in limited sale condition shares from 60,000,000 to 43,024,335, representing a reduction of 16,975,665 shares, which is a 28.29% decrease[141]. - The total number of shares after the change is 80,000,000, maintaining the same total percentage of 100%[141]. - The company’s foreign investment shares decreased from 11,629,524 to 8,722,143, a reduction of 2,907,381 shares, which is a 24.99% decrease[141]. - The company’s domestic natural person holdings decreased from 38,988,156 to 34,302,192, a reduction of 4,685,964 shares, which is a 12.03% decrease[141]. Litigation and Disputes - The company won a first-instance judgment against Jiangxi Dacheng Automobile Co., Ltd. for a contract payment of RMB 10,756,909.45, with interest losses of RMB 280,935.73[118]. - The company also won a first-instance judgment against Nanjing World Village Automobile Power Co., Ltd. for a total of RMB 324,686.90 in development fees and overdue payment losses[118]. - The company is currently in arbitration with Guangdong South China Ecological Restoration Investment Co., Ltd. regarding a payment dispute, with no judgment yet[118]. - The company reached a settlement with Huanghua City Xinzhen Machinery Equipment Manufacturing Co., Ltd., where the latter will pay RMB 65,000 by a specified date, with the remaining amount waived[118]. - The company won a second-instance judgment against Huanghua City Xiangyu Auto Parts Co., Ltd. for a payment of RMB 219,110.93 plus interest[118].