宁波色母(301019) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥246,928,788.28, representing a 35.21% increase compared to ¥182,631,859.02 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥50,209,217.39, up 38.29% from ¥36,306,887.82 year-on-year[22]. - Basic earnings per share rose to ¥0.84, reflecting a 37.70% increase from ¥0.61 in the same period last year[22]. - The company's net profit after deducting non-recurring gains and losses was 45.85 million yuan, reflecting a growth of 29.82% year-on-year[50]. - The total comprehensive income attributable to the parent company for the first half of 2021 was ¥50,209,217.39, compared to ¥36,306,887.82 in the same period of 2020, representing an increase of approximately 38.3%[158]. - The company reported a significant increase in comprehensive income, driven by improved operational performance and effective cost management strategies[158]. Cash Flow and Assets - The net cash flow from operating activities surged to ¥38,346,912.98, a significant increase of 1,171.23% compared to ¥3,016,531.19 in the previous year[22]. - The net increase in cash and cash equivalents reached ¥567,385,360.04, significantly up from a decrease of ¥5,551,145.32 in the previous year, mainly due to the inflow of raised funds and sales receipts[62]. - The company's total assets at the end of the reporting period reached ¥1,019,682,239.42, a 124.75% increase from ¥453,703,653.79 at the end of the previous year[23]. - Cash and cash equivalents at the end of the first half of 2021 totaled ¥649,271,553.16, compared to ¥55,502,907.35 at the end of the first half of 2020, reflecting a substantial increase[163]. - Current assets totaled CNY 934,435,049.25, compared to CNY 366,924,211.29 at the end of 2020, indicating a substantial growth[149]. Operational Strategy - The company adopts a customized production model based on advanced color matching technology and mature production processes, ensuring high-quality and stable products[36]. - The procurement model combines order-based and stock-based purchasing, ensuring raw material availability while maintaining safety stock for frequently used materials[38]. - The production process is order-based, with trial production and customer confirmation before mass production to ensure product quality[39]. - The sales strategy is direct sales without intermediaries, focusing on customized production to meet diverse customer requirements[41]. - The company has established long-term stable partnerships with well-known enterprises such as LG Group and Nongfu Spring, enhancing its market position[31]. Market Position and Products - The company is a leading domestic supplier of plastic color masterbatches, with a continuous market share of 1st place in colored masterbatches for several years[31]. - The main products include colored masterbatches, white masterbatches, black masterbatches, and functional masterbatches, widely used in industries such as electronics, food and beverage, and construction[32]. - The company’s colored masterbatch market share ranks first in China, with significant sales volume and revenue in the industry[46]. - The color masterbatch industry is mature, with significant advantages over other coloring methods, making it the preferred choice for downstream plastic product manufacturers[42]. - The company focuses on high-performance, functional, and environmentally friendly products to meet the evolving demands of the downstream plastic processing industry[45]. Risks and Management - The company has outlined potential risks and corresponding measures in its management discussion section, emphasizing the importance of risk awareness for investors[5]. - The company faces risks related to macroeconomic fluctuations, raw material price volatility, and intensified market competition, which could adversely affect its performance[77][78][79]. - The company faces intensified market competition in the color masterbatch industry, with risks from larger competitors and potential loss of market share if it fails to innovate and expand[80]. - The company has implemented a strategic plan to expand business scale, optimize business structure, and reduce operational costs to enhance competitiveness[81]. - Key measures include accelerating investment project construction, improving product structure, and controlling expense ratios to achieve expected benefits[82]. Shareholder Information - The total number of shares increased from 60 million to 80 million following the issuance of 20 million new shares, diluting earnings per share and net assets per share accordingly[126]. - The largest shareholder, Ren Weiqing, holds 29.82% of the shares, totaling 23,855,347 shares[133]. - The company has a total of 26,860 ordinary shareholders at the end of the reporting period[133]. - There were no changes in the shareholding of directors, supervisors, and senior management during the reporting period[136]. - The company does not have any preferred shares outstanding[141]. Compliance and Governance - The issuance of new shares was approved by the China Securities Regulatory Commission, reflecting regulatory compliance and transparency[124]. - The company has not faced any significant legal disputes or administrative penalties related to environmental issues during the reporting period[92][101]. - The half-year financial report has not been audited, indicating that the financial results are still subject to review[98]. - The financial statements were prepared in accordance with the accounting standards issued by the Ministry of Finance[179]. - The company has maintained its ability to continue as a going concern for at least 12 months from the reporting date[177].