长缆科技(002879) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 490,444,014.34, representing a 16.62% increase compared to CNY 420,541,985.21 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 89,341,092.99, an increase of 11.85% from CNY 79,879,183.93 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was CNY 80,522,083.26, up 10.25% from CNY 73,039,087.03 in the same period last year[18]. - The basic earnings per share increased to CNY 0.50, a rise of 13.64% compared to CNY 0.44 in the previous year[18]. - The total operating revenue for the first half of 2021 was CNY 490,444,014.34, an increase of 16.6% compared to CNY 420,541,985.21 in the first half of 2020[121]. - The total profit for the first half of 2021 was CNY 99,449,653.30, up from CNY 89,473,641.03 in the previous year, marking a growth of 11.0%[123]. - The company's total comprehensive income for the first half of 2021 was CNY 89,341,092.99, compared to CNY 79,879,183.93 in the same period of 2020, reflecting a growth of 11.5%[124]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,954,392,809.11, a decrease of 0.53% from CNY 1,964,762,880.08 at the end of the previous year[18]. - The company's cash and cash equivalents decreased by 12.53% to CNY 191,864,074.05 due to the purchase of financial products that had not yet matured[44]. - Accounts receivable increased by 14.54% to CNY 615,525,633.06, reflecting a 4.13% increase in proportion to total assets[44]. - The total liabilities decreased to CNY 370,356,307.39 from CNY 428,738,552.16, a reduction of 13.6%[116]. - The total assets as of June 30, 2021, were CNY 1,982,299,691.47, slightly down from CNY 1,985,814,777.64 at the end of 2020[119]. Research and Development - The company has significantly increased its investment in R&D, particularly in high voltage and smart cable accessory products, to enhance its core competitiveness[29]. - Research and development expenses amounted to CNY 30,429,433.86, which is a 22.56% increase from CNY 24,828,628.06 in the same period last year[35]. - The average R&D expenditure over the past three years has accounted for more than 5% of the main business income, indicating a strong commitment to innovation[30]. - The company invested CNY 30,429,433.86 in R&D during the first half of 2021, an increase of 22.7% compared to CNY 24,828,628.06 in the same period last year[121]. Market and Competition - The company operates a direct sales model targeting major state-owned power grids and key industry clients, enhancing its market share[27]. - The company has a strong competitive advantage in the cable accessory industry, particularly during economic downturns, leading to rapid market share growth[29]. - The company is exposed to market competition risks, particularly in the medium and low voltage cable accessory market, and aims to leverage scale and technology to reduce costs[54]. - The company intends to maintain its leading position in high voltage cable accessories and support national key projects to sustain performance growth[55]. Cash Flow - The net cash flow from operating activities improved to -CNY 64,814,929.34, a 22.76% improvement from -CNY 83,908,533.07 in the same period last year[18]. - The company's cash flow from operating activities in the first half of 2021 was CNY 354,313,905.07, compared to CNY 258,936,352.35 in the same period of 2020, indicating a significant increase[130]. - The total cash inflow from operating activities increased by 33.4%, while cash outflow increased by 20.3%, leading to a net cash flow improvement[135]. Shareholder Information - The total number of shares before the change was 193,107,640, with 33.55% being restricted shares and 66.45% being unrestricted shares[94]. - The largest shareholder, Yu Zhengyuan, held 33.97% of the shares, amounting to 65,604,035 shares, with a pledge of 20,000,000 shares[99]. - The total number of shareholders at the end of the reporting period was 13,187[99]. - The company reported a total of 13,693,212 restricted shares at the beginning of the period, with 5,866,455 shares released during the period[97]. Environmental Compliance - The company emphasizes environmental compliance and has not faced any administrative penalties related to environmental issues during the reporting period[64]. - The company emphasizes environmental protection and energy conservation in its production processes, aiming to reduce waste rates and production costs[67]. Accounting Policies - The financial statements comply with the requirements of the enterprise accounting standards, accurately reflecting the company's financial position, operating results, and cash flows[153]. - The company recognizes financial assets and liabilities based on their fair value at initial recognition, with subsequent measurement methods varying by classification[162][163]. - The company employs valuation techniques to determine the fair value of financial assets and liabilities, categorized into three levels based on the observability of inputs[167].