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恒锋工具(300488) - 2021 Q2 - 季度财报
300488EST TOOLS(300488)2021-08-25 16:00

Financial Performance - The company's operating revenue for the first half of 2021 was ¥227,453,167.56, representing a 50.48% increase compared to ¥151,154,547.50 in the same period last year[21]. - The net profit attributable to shareholders was ¥63,189,084.82, a 66.14% increase from ¥38,033,235.84 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥60,756,144.32, which is a 105.32% increase compared to ¥29,590,335.61 in the previous year[21]. - Basic earnings per share increased to ¥0.38, a rise of 65.22% from ¥0.23 in the previous year[21]. - The company achieved total revenue of 227.45 million yuan, a year-on-year increase of 50.48%[33]. - Net profit attributable to shareholders reached 63.19 million yuan, up 66.14% compared to the previous year[33]. - The net profit after deducting non-recurring gains and losses was 60.76 million yuan, reflecting a growth of 105.32% year-on-year[33]. - Basic earnings per share increased to 0.38 yuan, representing a growth of 65.22% from the previous year[33]. - The company reported a total operating cost of ¥159,698,747.77 for the first half of 2021, an increase from ¥118,948,303.99 in the first half of 2020, which is a rise of 34.3%[122]. - The total comprehensive income for the first half of 2021 was ¥63,108,778.18, compared to ¥38,441,629.16 in the same period of 2020, reflecting a growth of 64.3%[125]. Cash Flow and Investments - The net cash flow from operating activities was ¥88,182,432.58, up 34.97% from ¥65,332,612.80 in the same period last year[21]. - The net cash flow from operating activities for the first half of 2021 was CNY 88,182,432.58, an increase of 35% compared to CNY 65,332,612.80 in the same period of 2020[132]. - The net cash flow from investment activities was -CNY 76,239,891.76, worsening from -CNY 44,538,066.05 year-on-year[132]. - Cash inflow from investment activities totaled CNY 187,700,043.26, down from CNY 203,543,755.81, a decrease of around 8%[132]. - Cash outflow for investment activities increased to CNY 263,939,935.02 from CNY 248,081,821.86, marking an increase of approximately 6%[132]. - The net cash flow from financing activities was CNY 4,687,736.53, a recovery from -CNY 16,178,354.62 in the previous year[133]. - Cash inflow from financing activities was CNY 81,805,600.00, significantly higher than CNY 28,500,000.00 in the same period last year[133]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,332,236,874.83, reflecting a 6.38% increase from ¥1,252,352,622.62 at the end of the previous year[21]. - Total liabilities amounted to CNY 220,067,299.28, compared to CNY 178,439,933.10, which is an increase of about 23.3%[116]. - The company's total assets at the end of the current period were CNY 1,111.1 million[139]. - The company's total liabilities at the end of the current period were 928,930 million yuan, which is crucial for assessing the company's leverage[142]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The total number of shares before the recent changes was 165,679,281, with the total number of shares after changes remaining the same[94]. - The largest shareholder, Hengfeng Holdings Limited, holds 49.43% of shares, totaling 81,901,454 shares[101]. - Total number of common shareholders at the end of the reporting period is 7,523[100]. Research and Development - Research and development expenses rose to 12.82 million yuan, marking a 40.62% increase compared to the previous year[34]. - Research and development expenses increased to ¥12,824,745.75 in the first half of 2021, up from ¥9,119,932.92 in the same period of 2020, representing a growth of 40.5%[122]. Risk Factors - The company faces risks from raw material price fluctuations, particularly in high-speed steel and alloy tool steel, which could adversely affect profits if prices rise without corresponding product price increases[52]. Corporate Governance - There were no changes in the company's board of directors, supervisors, or senior management during the reporting period[58]. - The company did not engage in any major environmental violations or receive administrative penalties during the reporting period[62]. - The company reported no significant lawsuits or arbitration matters during the reporting period[72]. Accounting Policies - The company adheres to the enterprise accounting standards, ensuring that financial statements accurately reflect its financial position, operating results, and cash flows[152]. - The company includes all controlled subsidiaries in its consolidated financial statements, prepared according to relevant accounting standards[157]. - The company employs the effective interest method for subsequent measurement of financial assets and liabilities, recognizing gains or losses in the current period's profit or loss[161].