龙利得(300883) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was RMB 346,017,726.70, representing a 2.25% increase compared to RMB 338,389,396.14 in the same period last year[21]. - The net profit attributable to shareholders of the listed company decreased by 13.46% to RMB 27,209,052.44 from RMB 31,440,723.35 year-on-year[21]. - The net profit after deducting non-recurring gains and losses fell by 24.75% to RMB 21,215,669.34 compared to RMB 28,194,267.30 in the previous year[21]. - The net cash flow from operating activities was RMB 20,843,065.19, down 52.48% from RMB 43,862,436.47 in the same period last year[21]. - The basic earnings per share decreased by 35.15% to RMB 0.0786 from RMB 0.1212 in the same period last year[21]. - The company's total comprehensive income for the first half of 2021 was CNY 27,209,052.44, compared to CNY 31,440,723.35 in the first half of 2020, indicating a decrease of 13.4%[168]. - The total operating costs for the first half of 2021 were CNY 180,435,393.88, which is an increase of 10.0% from CNY 164,052,485.76 in the first half of 2020[168]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 1,851,370,231.39, an increase of 4.30% from RMB 1,775,053,582.60 at the end of the previous year[22]. - The total liabilities of the company were CNY 420,561,395.10, compared to CNY 374,051,489.99 at the end of 2020, indicating an increase of about 12.4%[156]. - The company's total equity attributable to the parent company increased to CNY 1,221,429,189.39 as of June 30, 2021, from CNY 1,202,604,682.86 at the end of 2020, showing a growth of approximately 1.6%[161]. Research and Development - Research and development expenses rose by 22.16% to ¥16,266,731.38, up from ¥13,315,450.53, indicating a significant increase in investment in R&D[59]. - The company has successfully passed multiple certifications, including HACCP, SA8000, FSC, ISO9001, ISO14001, BRC, ISO45001, and ISO22000, establishing stable business relationships with well-known domestic and international clients[30]. - The company has developed core technologies and independent intellectual property rights in areas such as corrugated structure and water-based high-definition printing, leading to lightweight and high-strength products that reduce costs for customers[39]. Market Position and Strategy - The company aims to transition from being a manufacturer to a packaging solution provider, offering comprehensive services from design to delivery, thereby enhancing customer relationships and profitability[48]. - The domestic paper packaging market is experiencing a shift towards high-end products, with increasing demand for lightweight, high-strength corrugated boxes from downstream consumer goods manufacturers[44]. - The company is positioned to benefit from the growing trend of green packaging, as regulations like the "plastic limit order" are expected to reduce the market share of plastic packaging in favor of paper packaging[43]. Operational Efficiency - The company has implemented a mature procurement system, ensuring that raw materials meet quality and cost requirements, with a focus on corrugated paper, ink, and other essential materials[33]. - The production cycle for the company's products typically ranges from 1 to 5 days, allowing for a strong response to customer orders[35]. - The company's automated production lines have improved production efficiency, allowing for quick responses to diverse customer orders, thus enhancing operational efficiency[55]. Environmental and Compliance - The company has established a comprehensive environmental management system and has passed the ISO 14001:2015 certification[104]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[102]. - The company maintains compliance with labor laws and regulations, ensuring employee rights protection[104]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,056[139]. - The largest shareholder, Zhang Yunxue, has no pledged, marked, or frozen shares[139]. - The company’s total share capital increased to 346,000,000 shares after the initial public offering[135]. Financial Management - The company reported a significant reliance on raw materials, with direct material costs accounting for approximately 80% of the main business costs during the reporting period[90]. - The company plans to enhance its marketing and service network to improve order conversion rates and strengthen its market brand position[89]. - The company has committed to invest RMB 10,000 million in the expansion of intelligent high-efficiency printing and molding lines, with a progress rate of 25.33% as of June 30, 2021[77].