中航机载(600372) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥4,615,749,808.19, representing a 29.03% increase compared to ¥3,577,200,120.48 in the same period last year[15]. - Net profit attributable to shareholders was ¥384,898,026.33, a 45.74% increase from ¥264,091,522.96 in the previous year[15]. - The net profit after deducting non-recurring gains and losses was ¥339,484,414.21, up 46.14% from ¥232,302,983.16 year-on-year[15]. - The basic earnings per share for the first half of 2021 was ¥0.2007, an increase of 33.71% compared to ¥0.1501 in the same period last year[16]. - The total profit reached 454 million yuan, reflecting a year-on-year growth of 44.57%[23]. - The company achieved operating revenue of 4.616 billion yuan, a year-on-year increase of 29.03%[23]. - Net profit for the first half of 2021 was ¥397,458,117.18, compared to ¥274,982,422.92 in the first half of 2020, representing a growth of 44.7%[82]. Assets and Liabilities - The total assets at the end of the reporting period were ¥25,002,947,358.26, a slight increase of 1.15% from ¥24,719,896,668.46 at the end of the previous year[15]. - Total liabilities amounted to ¥13,788,280,680.29, which is 55.15% of total assets, showing a minor increase from 55.39%[28]. - The company’s total equity increased to ¥11,214,666,677.97, representing a growth of 1.69% from ¥11,028,311,427.87[28]. - The ending balance of notes receivable is 1.07 billion yuan, a decrease of 480 million yuan, or 30.9%, mainly due to the maturity of notes[29]. - The ending balance of other receivables is 116 million yuan, an increase of 41.7 million yuan, or 56.5%, mainly due to the increase in management fees receivable[29]. - The total amount of bank acceptance bills decreased from ¥202,228,025.54 at the beginning of the period to ¥67,755,897.24 at the end, representing a decline of about 66.5%[170]. Cash Flow - The net cash flow from operating activities was ¥346,515,586.47, a significant recovery from a negative cash flow of ¥864,823,696.77 in the same period last year[15]. - The cash and cash equivalents decreased by 22.22% to ¥3,069,954,685.97 from ¥3,946,787,821.80[27]. - The total cash inflow from operating activities was CNY 4,971,366,669.85, up from CNY 2,092,266,119.90 in the first half of 2020[87]. - The company reported a significant reduction in financial expenses, with a net financial cost of -CNY 11,091,196.97 compared to CNY 45,699,256.49 in the first half of 2020[84]. Research and Development - Research and development expenses increased due to the expansion of R&D projects[24]. - Research and development expenses for the first half of 2021 amounted to ¥351,223,706.13, compared to ¥240,950,846.42 in the first half of 2020, indicating a 45.9% increase[80]. - The company has established multiple key experimental platforms to enhance its R&D capabilities[21]. Market and Expansion - The increase in operating income is attributed to a rise in orders and product deliveries[24]. - The company is actively expanding into non-aerospace defense and high-end manufacturing sectors, enhancing its product offerings[20]. - The company is focused on achieving autonomous control of aerospace electronic products and optimizing product structure[23]. Environmental and Social Responsibility - The company has established pollution prevention facilities, including waste gas treatment measures and wastewater treatment stations, which are operating effectively[38]. - In the first half of 2021, Taihang Instrument invested CNY 152.3 million in poverty alleviation efforts, helping 337 registered impoverished individuals escape poverty[47]. - The company has not reported any violations of environmental protection laws and regulations during the reporting period[37]. Related Party Transactions - The company reported a total deposit balance of RMB 2,186,219,439.06 with a related party, indicating an increase of RMB 103,136,888.39 during the reporting period[58]. - The company had a loan balance of RMB 2,349,240,000.00 from a related party, which decreased by RMB 327,070,385.22 during the reporting period[59]. - The company aims to reduce and standardize related party transactions to ensure fairness and transparency[55]. Compliance and Governance - There were no significant lawsuits or arbitration matters reported during the reporting period[53]. - The company and its controlling shareholders did not have any major non-compliance issues or penalties during the reporting period[54]. - The company has not engaged in any significant asset acquisitions or disposals during the reporting period[56]. Accounting Policies - The company adheres to accounting standards, ensuring that financial statements accurately reflect its financial position and performance[105]. - The company recognizes financial assets and liabilities based on their classification and measurement methods, including amortized cost and fair value[112]. - The group recognizes revenue primarily from sales of goods, service provision, interest income, and rental income, following a five-step process for revenue recognition[150].