欧陆通(300870) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was approximately CNY 1.21 billion, representing a 46.59% increase compared to the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 10.24% to approximately CNY 71.34 million compared to the previous year[20]. - The net profit after deducting non-recurring gains and losses fell by 24.52% to approximately CNY 57.90 million[20]. - The net cash flow from operating activities was approximately CNY 62.72 million, down 21.58% from the previous year[20]. - The basic and diluted earnings per share decreased by 33.33% to CNY 0.70[20]. - The gross profit for the first half of 2021 reached 199 million CNY, with a gross margin of 16.45%, down 4.55 percentage points year-on-year due to rising raw material costs and exchange rate fluctuations[29]. - The company’s basic earnings per share for the first half of 2021 was 0.70 CNY, a decline of 33.33% year-on-year[29]. - The company reported a total comprehensive income of CNY 69,569,232.51, compared to CNY 80,603,680.93 in the previous year, marking a decline of 13.7%[189]. - The company's total liabilities reached CNY 1,044,785,026.84, compared to CNY 913,237,565.48 in the previous year, indicating a growth of 14.4%[185]. Assets and Liabilities - The total assets at the end of the reporting period were approximately CNY 2.60 billion, an increase of 5.79% from the end of the previous year[20]. - The total liabilities of the company were CNY 1,065,684,968.25, up from CNY 959,396,019.36 at the end of 2020, marking an increase of around 11.1%[180]. - The company's cash and cash equivalents decreased to CNY 403,717,028.56 from CNY 458,384,938.88 at the end of 2020, a decline of about 11.9%[178]. - The inventory level rose to CNY 441,739,277.35, up 5.86% from the previous year, attributed to increased sales scale and strategic stockpiling of raw materials[68]. - The company's non-current assets totaled CNY 464,156,680.20, up from CNY 343,640,363.14 at the end of 2020, indicating a growth of approximately 35.0%[179]. Research and Development - R&D expenses in the first half of 2021 amounted to 51.36 million yuan, a year-on-year increase of 85.49%, with an R&D expense ratio of 4.23%[50]. - The company plans to continue enhancing its R&D capabilities to drive long-term growth amidst rising material costs and supply chain pressures[28]. - Research and development investment surged by 85.49% to ¥51,357,567.41, reflecting the company's strategic focus on future development needs[61]. - The company holds 104 patents, including 5 invention patents and 70 utility model patents, reflecting its strong innovation capabilities[50]. Market and Business Expansion - The power adapter business generated revenue of 886 million CNY, up 33.64% year-on-year, with a gross profit of 142 million CNY[35]. - The revenue from the security monitoring power adapter segment increased by 96.48% year-on-year, reflecting strong market demand[37]. - The IDC industry is expected to see rapid growth, with significant demand for servers and related equipment, which will benefit the company’s server power supply segment[38]. - The company aims to leverage its technological advancements and brand reputation to capture a larger market share in the power supply sector[37]. - The company is actively expanding its production capacity and investing in new facilities, leading to increased depreciation and amortization expenses[29]. Risks and Challenges - The management highlighted potential risks and countermeasures in the future operations section of the report[5]. - The company faces market risks due to the broad application of switch power supply products and potential fluctuations in downstream market demand, which may lead to reduced orders[100]. - The company is exposed to risks from price fluctuations of key raw materials, which constitute a significant portion of its main business costs[101]. - The ongoing uncertainty from the COVID-19 pandemic may impact the macroeconomic environment and the company's overseas business development, which the company will continue to monitor[105]. Shareholder Information - The total number of shares before the recent change was 101,200,000, with a decrease of 1,304,801 shares, resulting in a new total of 75,900,000 limited shares[156]. - The company’s limited shares accounted for 75.00% of the total shares after the recent change, down from 76.29%[156]. - The actual controllers of the company are Wang Heqiu, Wang Yulin, Wang Yuetian, Shang Yunsi, and Wang Yuetian, collectively controlling 28.89% of shares[163]. - The company has a total of 12,000 common shareholders at the end of the reporting period[161]. Investment Activities - The total amount of funds raised is RMB 849,089,824.37 after deducting issuance costs[84]. - The company has made a significant equity investment of ¥20,000,000.00 in a new subsidiary, which is expected to enhance its market position[77]. - The company plans to invest 250 million yuan in the Dongguan Oulu Electronics Manufacturing Center project, reallocating funds from the Ganzhou power adapter expansion project[91]. - The company has completed the replacement of self-raised funds with raised funds for investment projects as of June 30, 2021[88].