BOE(200725)2021-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2021 reached ¥107.29 billion, an increase of 89.04% compared to ¥60.87 billion in the same period last year[11]. - Net profit attributable to shareholders was ¥12.76 billion, representing a significant increase of 1,023.96% from ¥1.14 billion in the previous year[11]. - The net cash flow from operating activities was reported at ¥32.75 billion, showing a 237.00% increase compared to ¥9.72 billion in the same period last year[11]. - Basic and diluted earnings per share both stood at ¥0.363, a remarkable increase of 1,296.15% from ¥0.026 in the previous year[11]. - The weighted average return on equity was 13.40%, up from 1.05% in the same period last year, reflecting a 12.35% increase[11]. - Total assets at the end of the reporting period were ¥435.48 billion, a 2.64% increase from ¥424.26 billion at the end of the previous year[11]. - Net assets attributable to shareholders increased to ¥111.95 billion, an 8.39% rise from ¥103.28 billion at the end of the previous year[11]. - The company achieved revenue of approximately CNY 107.285 billion, representing a year-on-year growth of approximately 89.04%[17]. - The net profit attributable to shareholders was approximately CNY 12.762 billion, with a year-on-year increase of approximately 1,023.96%[17]. - The company reported a significant increase in sales area for innovative application devices by 66% year-on-year[42]. Business Operations and Strategy - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[3]. - The company is expanding into various IoT sectors, including smart finance, smart parks, and digital hospitals[17]. - The company is actively pursuing new project investments, resulting in a net cash outflow from investing activities of ¥21.31 billion due to increased construction expenditures[38]. - The company is advancing its digital transformation initiatives to enhance operational efficiency and management effectiveness[37]. - The strategic "1+4+N" framework is being implemented to foster collaboration and innovation across various business units[31]. - The company is focusing on IoT transformation strategies and innovation-driven upgrades to mitigate risks from macroeconomic uncertainties[56]. - The company plans to implement a stock option incentive plan, with a total of 981,150,000 shares involved, representing 2.82% of the total share capital[60]. Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities, indicating its commitment to environmental responsibility[62]. - The company reported a total COD discharge of 65.887 tons, with a concentration of 47 mg/L, well below the regulatory limit of 500 mg/L[63]. - The company achieved a total ammonia nitrogen discharge of 6.857 tons, with a concentration of 5 mg/L, also compliant with the standard of 45 mg/L[63]. - The company has implemented a comprehensive environmental management system, ensuring that all wastewater is treated before discharge, meeting national and local standards[65]. - The company has achieved a 100% disposal rate for hazardous waste, ensuring compliance with environmental regulations[66]. - The company emphasizes the recycling of water resources, utilizing advanced cleaning methods to minimize the consumption of high-purity water and chemicals[66]. - The company has established various management standards for water pollution, air pollution, and hazardous waste, ensuring stable operation of pollution treatment systems[66]. - The company continues to promote environmental management efforts, aiming to enhance its green factory initiatives and improve overall environmental performance[66]. Legal and Compliance Matters - The lawsuit involving BOE Technology (Hong Kong) Co., Ltd. against LeEco Mobile Intelligent Information Technology (Beijing) Co., Ltd. and others has a disputed amount of CNY 284.71 million, with no expected liabilities formed[77]. - The first-instance judgment requires LeEco Mobile to pay BOE Technology (HK) Limited a total of USD 36,940,476.77 plus interest, with a 6% annual interest rate applicable[77]. - In the first half of 2021, there were unresolved lawsuits with a total disputed amount of CNY 152.17 million, with no expected liabilities formed[79]. - The company reported no penalties or rectification measures during the reporting period[80]. - There were no related party transactions in daily operations during the reporting period[81]. Shareholder and Equity Information - The company completed a non-public issuance of A-shares, adding 3,650,377,019 shares at a price of 5.57 CNY per share, which was listed on August 20, 2021[105]. - The total number of shares after the issuance reached 34,798,398,763[101]. - The company’s major shareholder, Beijing State-owned Capital Management Center, holds 11.68% of the shares, totaling 4,063,333,333 shares[106]. - The company reported a total of 822,092,180 shares held by Beijing BOE Investment Development Co., Ltd., representing 6.0% of the total shares[108]. - The report indicates that there were no repurchase transactions conducted by the top 10 shareholders during the reporting period[109]. Financial Position and Ratios - The current ratio improved to 1.37 from 1.23, indicating better short-term financial stability[120]. - The debt-to-asset ratio decreased to 57.31% from 59.13%, reflecting a reduction in financial leverage[120]. - EBITDA to total debt ratio increased to 23.75% from 9.09%, showing improved earnings relative to debt levels[120]. - Interest coverage ratio surged to 8.02 from 1.27, indicating a substantial increase in the ability to meet interest obligations[120]. - Total assets increased to ¥435,476,169,633 from ¥424,256,806,331, indicating growth in the company's asset base[124]. - The company's total liabilities decreased to CNY 249.58 billion from CNY 250.86 billion, indicating a reduction of about 0.5%[126]. - The total equity of the company increased to CNY 185.89 billion, up from CNY 173.40 billion, representing a growth of approximately 7.5%[126]. Research and Development - Research and development investment increased by 51.11%, indicating a stronger focus on innovation and technology development[38]. - Research and development expenses increased to CNY 5.00 billion, up from CNY 3.24 billion in the previous year, reflecting a focus on innovation[130]. Investment and Financing Activities - The company plans to raise up to 20 billion CNY through a non-public offering of A-shares to fund various projects, including acquiring a 24.06% stake in Wuhan BOE Optoelectronics and constructing a flexible AMOLED production line in Chongqing[95]. - The company issued bonds totaling 80 billion CNY in 2019 with a coupon rate of 4.0%, and subsequent bond issuances in 2020 with rates ranging from 3.50% to 3.64%[94]. Miscellaneous - The company has not reported any new product launches or technological advancements during this period[141]. - The company has maintained its ability to continue as a going concern for the next 12 months[154].