证券代码：000672 证券简称：上峰水泥 编号：2021-001 甘肃上峰水泥股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------|------------------------------|------------------------------------------------------------| | | | 特定对象调研 □分析师会议 | | 投资者关系活 | 媒体采访 | □业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | | □现场参观 | | | | □其他 | | | 参与单位名称 | | 参会机构名称：中国水泥网、财联社、宽合投资、中国银河证 | | 及人员姓名 | | 券、中银国际证券、国信证券、浙江国恬资产管理有限公司。 | | 时间 | 2021 年 3 月 23 日 | | | 地点 | 杭州市文二西路 738 | 号西溪乐谷创意产业园 | | 上市公司参会 | | | | 接待人员姓名 | 公司副总经理兼董事会秘书 | 瞿辉、公司投资副总监 杨旭 | | | | 一、请简单介绍公司近期生产和经营 ...

证券代码：000672 证券简称：上峰水泥 编号：2021-003 甘肃上峰水泥股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------|---------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

证券代码：000672 证券简称：上峰水泥 编号：2022-001 1 甘肃上峰水泥股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------|------------------------------|---------------------------------------------------------------------------------------------------------------| | | □特定对象调研 □分析师会议 | | | 投资者关系活 | □媒体采访 | □业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | | □现场参观 | | | | 其他（电话会议） | | | | | 参会投资者名称（排名不分先后）：国海证券：盛昌盛、彭棋、 | | | | 孙伯文；湘财：徐若旭；光大证券：宋金苗；云门投资：俞忠 | | | | 华；泰康资产：侯星辰；光大证券研究所：冯孟乾、孙伟风； | | | | 红土创新：杨一；开思基金：董源；信达澳银：郭敏；民生加 银：刘旭明；招商基金：何文韬；盈峰资本：张庭 ...

证券代码：000672 证券简称：上峰水泥 1 甘肃上峰水泥股份有限公司 投资者关系活动记录表 编号：2022-004 | --- | --- | --- | |--------------|---------------------------|------------------------------------------------------------------------------------------------| | | □特定对象调研 □分析师会议 | | | 投资者关系活 | □媒体采访 | □业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | | □现场参观 | | | | 其他（电话会议） | | | | 个人投资者： | | | | | 机构投资者：国泰君安：黄涛；国海证券：景丹阳；中金公司： | | | | 龚晴、姚旭东；泰康资产管理有限责任公司：高洁；太平洋保 | | | | 险：魏巍；世诚投资：邹文俊；深圳前海行健资本管理有限公 | | | 资基金： Zhiwei Mao | 司：赵佳雍；上海利檀投资管理有限公司 - 利檀绝智私募证券投 ；博时基金管 ...

Financial Performance - The company's revenue for Q3 2022 was CNY 1,618,501,264.43, a decrease of 22.82% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2022 was CNY 139,058,706.25, down 76.00% year-on-year[4] - The total sales volume for the first nine months was 14.16 million tons, a decline of 9.64% compared to the previous year[11] - The company reported a net profit of CNY 874 million for the first three quarters, a decrease of 46.48% year-on-year[12] - Operating revenue for the period was 5.163 billion, a decrease of 9.27% year-on-year, primarily due to lower sales volume and prices of cement products[35] - Net profit for the period was ¥874,334,230.25, down 46.6% from ¥1,633,539,978.93 in the previous period[69] - Earnings per share (EPS) for the period was ¥0.87, compared to ¥1.98 in the previous period[70] - The total comprehensive income for the period was ¥867,422,211.77, down from ¥1,634,023,079.06 in the previous period[70] Production and Sales - The company produced 1,081 million tons of cement in the first nine months, a decrease of 53,000 tons year-on-year[11] - The total operating costs increased to ¥3,889,835,084.06, up 5.13% from ¥3,699,708,569.44 in the previous period[65] Assets and Liabilities - The total assets at the end of the reporting period were CNY 15,953,657,948.19, an increase of 5.48% from the end of the previous year[4] - The total assets amounted to ¥15,953,657,948.19, an increase from ¥15,125,420,566.46 in the previous period[64] - The company's total liabilities reached CNY 6,841,474,110.10, up from CNY 6,093,378,010.59, marking an increase of about 12.2%[60] - The company's equity attributable to shareholders was CNY 975,185,779.00, an increase from CNY 813,619,871.00, reflecting a growth of approximately 20%[60] Cash Flow - The company’s cash flow from operating activities for the first nine months was CNY 1,037,602,277.34, down 32.30% year-on-year[4] - The net cash flow from operating activities decreased by 32.30% to 1.037 billion, mainly due to a decline in operating profit[45] - Total cash inflow from investment activities was $791,417,118.20, down 44.4% from $1,424,124,356.33 in the prior period[75] - Cash outflow from investment activities totaled $1,939,586,855.84, a decrease of 39.3% compared to $3,200,448,826.71 last period[75] - Net cash flow from financing activities was -$69,419,184.03, contrasting with a positive cash flow of $9,638,225.35 in the previous period[77] Investments and R&D - Research and development expenses surged by 1031.88% to 135.71 million, reflecting increased investment in low-emission and new material technologies[39] - The company reported a significant increase in long-term equity investments by 35.75% to 1.030 billion, reflecting ongoing investments in new economic sectors[24] - Long-term equity investments increased to CNY 1,029,898,636.42 from CNY 758,690,209.45, reflecting a growth of approximately 35.6%[58] Inventory and Receivables - Inventory increased by 32.13% to 1.347 billion, driven by higher cement and coal stock levels[22] - The accounts receivable decreased by 23.10% to 414.11 million, while the prepayments increased significantly by 166.07% to 305.99 million[16] - The inventory value as of September 30, 2022, was CNY 1,347,966,043.75, up from CNY 1,020,159,174.67, indicating an increase of about 32.1%[55] - The company reported a decrease in accounts receivable to CNY 305,144,662.09 from CNY 300,508,237.76, a slight increase of about 1.3%[55] Strategic Initiatives - The company is advancing its "one main and two wings" development strategy, focusing on cement and building materials, while also expanding into new economic sectors[13] - The company has initiated construction on its first solar energy storage project, expected to be operational by the end of the year[13]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[31]. - The net profit attributable to shareholders reached RMB 300 million, up 20% compared to the same period last year[31]. - The company's operating revenue for the reporting period was ¥3,545,099,962.46, a decrease of 1.37% compared to the same period last year[38]. - The net profit attributable to shareholders was ¥707,123,610.60, reflecting a decline of 29.97% year-over-year[38]. - The net profit after deducting non-recurring gains and losses was ¥775,104,340.33, down 24.50% from the previous year[38]. - The net cash flow from operating activities was ¥655,335,281.90, a decrease of 29.19% compared to the same period last year[38]. - The basic earnings per share were ¥0.73, representing a decline of 42.06% year-over-year[38]. - The company's revenue for the reporting period was 3.545 billion yuan, a decrease of 1.37% year-on-year, with a net profit of 707 million yuan, down 29.97%[66]. - The revenue from aggregate products increased by 27.42% year-on-year, while the revenue from environmental disposal services surged by 121.77%[78]. Production and Capacity - The company's cement production volume increased by 10% to 2.5 million tons in the first half of 2022[31]. - The company's cement production volume was 6.27 million tons, a year-on-year decrease of 47%, while the total sales volume was 8.4 million tons, down 13.93% compared to the previous year[65]. - The company plans to expand its market presence by increasing production capacity by 15% in the next fiscal year[31]. - The company has a cement grinding capacity of 6 million tons per year and an aggregate production capacity of 1 million tons per year, supported by high-quality limestone mines and convenient transportation conditions along the Yangtze River[118]. Environmental Initiatives - The company aims to enhance its environmental sustainability initiatives, targeting a 25% reduction in carbon emissions by 2025[31]. - The company is focusing on environmental services through its cement kiln collaborative disposal of hazardous waste, which is becoming a significant new business[48]. - The company is committed to reducing production loads for lines involved in the disposal of urban solid waste and hazardous waste during peak-shifting periods[147]. - The company has established a regulatory framework for the co-disposal of solid waste in cement kilns, promoting sustainable waste management practices[148]. - The company is actively participating in the national initiative for green and low-carbon development in the cement industry, aligning with government policies[146]. - The company invested CNY 49.35 million in environmental governance and protection from January to June 2022, and paid CNY 2.42 million in environmental protection tax[169]. Strategic Investments and Expansion - The company has invested RMB 50 million in new technology development for more efficient cement production processes[31]. - The company is expanding into the "photovoltaic + energy storage" and smart logistics sectors, leveraging existing resources[48]. - The company is collaborating with leading technology firms in the new energy sector to develop integrated "photovoltaic and energy storage" projects[50]. - The company has made new investments in photovoltaic new energy and port transportation subsidiaries, increasing long-term equity investments to ¥813,129,866.97[84]. - The company has invested in the first project of its new economic equity investment in Hefei Jinghe Integrated Circuit Co., which successfully passed the IPO review[67]. Market Position and Recognition - The company is recognized as one of the top 100 global listed companies in the building materials sector, ranking 9th in comprehensive strength in 2022[56]. - The company is classified as a key pollutant discharge unit and must comply with various environmental protection policies and standards[140]. - The company has a stable major shareholder structure and has maintained operational efficiency indicators among the top in the industry since its restructuring in 2013[71]. Risks and Challenges - The company is facing risks related to the political and legal environment in Kyrgyzstan, which may affect the progress of its projects[88]. - The company faces risks from industry overcapacity, which could negatively impact performance if regulatory policies are not effectively implemented[119]. - The average cost of coal and electricity accounts for over 50% of the total production cost, making the company vulnerable to fluctuations in energy prices[125]. Corporate Governance and Management - The company held four temporary shareholder meetings and one annual shareholder meeting in 2022, with investor participation rates ranging from 58.90% to 59.66%[129]. - The company experienced changes in its board and management, with several resignations and elections occurring in May and June 2022[132][131]. - The company’s chairman and president increased his shareholding from 24,000 to 384,000 shares during the reporting period, representing 0.04% of the total equity[137]. Safety and Compliance - Significant investments were made in safety production and risk management, including enhanced safety education and training for employees[194]. - The company has established online monitoring facilities for pollutant emissions and conducts regular self-monitoring and third-party testing[167]. - The company initiated an emergency response plan following a safety incident, conducting comprehensive safety inspections across all production bases and subsidiaries[194].

Financial Performance - The company reported a total revenue of 807,829,542 RMB for the year 2021, with a cash dividend of 8.00 RMB per 10 shares distributed to shareholders[7]. - The company's operating revenue for 2021 was CNY 8,314,529,247.34, representing a 29.26% increase from CNY 6,432,292,239.10 in 2020[33]. - The net profit attributable to shareholders for 2021 was CNY 2,176,221,452.49, a 7.42% increase compared to CNY 2,025,845,134.58 in 2020[33]. - The net cash flow from operating activities reached CNY 2,840,039,076.87, marking a 41.00% increase from CNY 2,014,156,628.37 in 2020[33]. - The total assets at the end of 2021 amounted to CNY 15,125,420,566.46, a 33.81% increase from CNY 11,303,732,426.10 at the end of 2020[33]. - The net assets attributable to shareholders increased by 22.34% to CNY 8,289,700,699.34 from CNY 6,775,844,428.67 in 2020[33]. - The company reported a basic earnings per share of CNY 2.72 for 2021, up 7.09% from CNY 2.54 in 2020[33]. - The weighted average return on equity for 2021 was 29.11%, down from 33.55% in 2020[33]. - The company’s gross profit margin was 43.58%, which decreased compared to the previous year due to rising costs[44]. - The company’s debt-to-asset ratio stood at 40.29%, indicating a stable financial structure[48]. Market Expansion and Strategy - The company plans to expand its market presence and enhance production capacity through strategic investments in new technologies and facilities[9]. - Future guidance indicates a projected revenue growth of 10% for the upcoming fiscal year, driven by increased sales and market expansion efforts[9]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and diversify its product offerings[9]. - The company is exploring international markets, particularly in Central Asia, to leverage growth opportunities[9]. - The company has established partnerships with key stakeholders to support its growth strategy and innovation efforts[9]. - The company plans to continue expanding its market presence and invest in new technologies to enhance production efficiency[32]. - The company expanded its market presence from the East China base to three major regions: East China, Northwest, and Southwest[53]. - The company has established a strong market presence in regions such as Xinjiang, Ningxia, Inner Mongolia, and Kyrgyzstan, enhancing resource accumulation[82]. Production and Operations - Cement clinker production reached 16.18 million tons, a year-on-year increase of 21.6%, while total cement production was 15.56 million tons, up 33.9%[44]. - The average selling price of cement clinker increased by 31.01 yuan/ton, and the average selling price of cement rose by 24.37 yuan/ton due to rising coal prices[44]. - The company produced 1,556,000 tons of cement in 2021, a year-on-year increase of 33.91%, with a sales volume of 1,533,000 tons, up 32.58% year-on-year, and a cement sales gross margin of 40.59%, down 5.81 percentage points[66]. - The company’s cement production capacity is primarily distributed across East China, Northwest, and Southwest regions, with significant market presence in the Yangtze River Delta and Xinjiang[145]. - The company has five clinker production lines with an annual capacity of 6 million tons of cement grinding and 1 million tons of aggregate production[145]. Research and Development - Research and development expenses surged by 150.73% to ¥180.66 million in 2021, focusing on energy-saving and environmentally friendly technologies[103]. - The number of R&D personnel rose by 55.56% to 42 in 2021, increasing the proportion of R&D staff to 1.50% of total employees[110]. - The company obtained several patents for new technologies, including a pre-treatment method for flammable materials and a waste transfer device, aimed at improving efficiency and safety[110]. - The company aims to reduce raw material costs and improve cement performance through ongoing R&D projects, including the use of low-grade sulfur slag[109]. Environmental and Sustainability Initiatives - The company is committed to enhancing its corporate governance and sustainability practices in line with industry standards[9]. - The company has implemented various environmental policies and upgraded production processes to align with national carbon neutrality goals[59]. - The company is developing technologies for the co-disposal of contaminated soil in cement kilns, aiming for a waste incineration rate of ≥99.99%[104]. - The company plans to enhance resource recycling capabilities and promote sustainable development through its key initiatives[104]. Corporate Governance - The company has established an incentive mechanism linking employee income to performance, promoting sustainable development[190]. - The company maintains independent operations from its controlling shareholder, ensuring no interference in decision-making[189]. - The company has a clear information disclosure policy, ensuring timely and accurate communication with investors[191]. - The company’s governance structure is designed to be effective, with clear responsibilities and checks in place[183]. - The company actively engages with investors through various channels, ensuring their rights to information[191]. Financial Management and Investment - The financial management strategy includes enhancing budget management and risk control to ensure healthy operations under strategic planning, while maintaining cash flow safety[168]. - The company made significant equity investments totaling ¥412 million in various projects, including a 100% stake in Douan Shafeng Jiexia Environmental Technology Co., Ltd. for ¥50 million[133]. - The total investment amount for the reporting period was ¥1,113,500,856.41, a decrease of 15.01% compared to ¥1,310,187,983.78 in the same period last year[131]. - The company has ongoing projects with potential risks including market competition and achieving economic benefits[131]. Community Engagement and Social Responsibility - The company is actively engaging in community development and social responsibility initiatives, aligning with ESG goals and promoting local economic growth[169].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,491,221,619.94, representing a year-on-year increase of 21.78% compared to CNY 1,224,566,653.28 in the same period last year[7]. - The net profit attributable to shareholders decreased by 3.79% to CNY 341,074,021.81 from CNY 354,519,479.50 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was CNY 314,958,867.29, down 9.31% from CNY 347,306,448.45 in the previous year[7]. - The company's gross profit margin decreased to 41.14%, down 9.07 percentage points year-on-year due to rising coal prices impacting manufacturing costs[12]. - Total operating revenue for the current period reached ¥1,491,221,619.94, an increase of 21.8% compared to ¥1,224,566,653.28 in the previous period[49]. - Net profit for the current period was ¥335,738,552.23, a decrease of 4.9% from ¥353,095,892.29 in the previous period[49]. - Basic earnings per share for the current period were ¥0.43, down from ¥0.44 in the previous period[51]. Cash Flow and Investments - The company's cash flow from operating activities was CNY 396,325,655.75, a decrease of 5.81% compared to CNY 420,788,299.26 in the same period last year[7]. - The net cash flow from operating activities decreased by 5.81% to ¥396.33 million compared to ¥420.79 million in the same period last year[31]. - The net cash flow from investing activities improved by 49.28%, from -¥1,033.32 million to -¥524.12 million, mainly due to reduced new economic investment expenditures[31][32]. - The net cash flow from financing activities increased by 20.54%, from -¥133.71 million to -¥161.18 million, reflecting new long-term financing and repayment of some short-term loans[31][33]. - Total cash inflow from operating activities is ¥1,820,734,746.65, up from ¥1,305,949,757.30, representing an increase of 39.4%[53]. - Cash outflow from operating activities totaled ¥1,424,409,090.90, compared to ¥885,161,458.04 in the previous period, indicating a rise of 60.8%[53]. - The net cash flow from investing activities is -¥524,121,746.42, an improvement from -¥1,033,315,031.60 in the previous period[53]. - The net cash flow from financing activities is -¥161,175,612.28, worsening from -¥133,709,416.57 in the previous period[56]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 15,281,661,343.51, an increase of 1.03% from CNY 15,125,420,566.46 at the end of the previous year[7]. - Total liabilities decreased to ¥5,920,360,254.50 from ¥6,093,378,010.59, a reduction of 2.84%[49]. - The company's equity attributable to shareholders increased to ¥8,632,563,712.09 from ¥8,289,700,699.34, representing a growth of 4.14%[49]. - The company's cash and cash equivalents decreased by 9.12% to CNY 315,063.23 million, primarily due to investments in financial products[15]. - The company's cash and cash equivalents decreased from ¥3,466.94 million at the beginning of the year to ¥3,150.63 million at the end of the period[43]. - The total current assets increased slightly from ¥7,145.07 million to ¥7,189.33 million, driven by changes in various asset categories[43]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,309, with the largest shareholder, Zhejiang Shangfeng Holding Group Co., Ltd., holding 32.36% of shares[34]. - The top ten shareholders collectively hold significant stakes, with the second-largest shareholder, Southern Cement Co., Ltd., owning 14.40%[34]. Research and Development - Research and development expenses for the current period were ¥4,268,356.12, significantly higher than ¥1,335,264.32 in the previous period, indicating a focus on innovation[49]. Inventory and Other Assets - The company reported a slight increase in inventory from ¥1,020.16 million to ¥1,063.83 million, reflecting ongoing operational activities[43]. - Long-term equity investments rose from ¥758.69 million to ¥789.67 million, indicating growth in investment activities[43]. Strategic Outlook - The company plans to continue its development strategy focusing on "stability and progress" to mitigate market impacts and enhance operational efficiency[12]. - The company has not disclosed any significant new strategies or product developments during this reporting period[43].

Financial Performance - The company's operating revenue for Q3 2021 reached ¥2,097,073,824.37, representing a 33.00% increase year-over-year[5] - Net profit attributable to shareholders was ¥579,373,374.80, up 14.62% compared to the same period last year[5] - The company achieved a cumulative operating revenue of ¥5,691,420,811.95 for the first three quarters, a growth of 27.87% year-over-year[12] - Operating revenue increased by 27.87% year-on-year, reaching 569.14 million yuan, driven by higher product sales and prices[18] - Total operating revenue for the current period reached ¥5,691,420,811.95, a 28% increase from ¥4,450,963,640.41 in the previous period[41] - Net profit for the current period was ¥1,633,539,978.93, representing a 6% increase compared to ¥1,540,364,252.00 in the previous period[43] - Basic earnings per share rose to ¥1.98, up from ¥1.89 in the previous period[43] - Total profit for the current period was ¥2,120,334,238.05, slightly up from ¥2,029,018,405.60 in the previous period[41] Production and Sales - The cumulative production of clinker from January to September was 12.31 million tons, an increase of 2.97 million tons year-over-year[11] - The total sales volume of cement and clinker reached 15.67 million tons, a 36.97% increase compared to the previous year[11] Assets and Liabilities - The total assets at the end of the reporting period amounted to 12.806 billion yuan, with a debt-to-asset ratio of 35.84% and an interest-bearing debt ratio of 19.31%[16] - As of September 30, 2021, the total assets of Gansu Shafeng Cement Co., Ltd. amounted to RMB 12.81 billion, an increase from RMB 11.30 billion as of December 31, 2020, representing a growth of approximately 13.2%[33] - The company's total liabilities as of September 30, 2021, were RMB 4.56 billion, compared to RMB 4.14 billion at the end of 2020, indicating an increase of about 10.1%[36] - The company's inventory increased to RMB 919.45 million from RMB 851.39 million, marking a rise of about 8.0%[33] - The company's short-term borrowings increased to RMB 1.59 billion from RMB 1.24 billion, indicating a rise of approximately 28.0%[36] - Total non-current liabilities amounted to approximately 511.33 million, with long-term borrowings at 214.47 million and deferred income tax liabilities at 131.28 million[54] Cash Flow - The company’s net cash flow from operating activities rose by 5.02% year-on-year, totaling 153.25 million yuan, reflecting stable operational cash receipts[23] - The company reported a significant increase in fixed assets by 22.00% to 354.67 million yuan, mainly due to new project investments[16] - The company’s total cash inflow from operating activities was ¥6,171,114,771.06, compared to ¥5,307,343,195.80 in the previous period[43] - Cash inflow from investment activities totaled ¥1,424,124,356.33, while cash outflow was ¥3,200,448,826.71, resulting in a net cash flow of -¥1,776,324,470.38[46] Investments and Development - The company is expanding its production capacity in new regions, including projects in Guizhou and Guangxi, which have commenced construction[12] - The environmental business generated revenue of ¥133.77 million and a net profit of ¥41.40 million from January to September[11] - The company has established new private equity funds, including "Xincheng Venture Capital" and "Junpurang Venture Capital," focusing on the semiconductor industry, with investments in companies like Chip Shine and Rui Li Integrated Circuit[13] - The company is actively addressing "bottleneck" issues in key technology sectors, enhancing its investment strategy in emerging industries[13] Financial Ratios and Margins - The gross profit margin for the operating business was 44.55%, with a net profit margin of 28.07%[12] - The company’s investment income decreased by 29.23% to 10.18 million yuan, impacted by lower returns from secondary market securities[18] - The company reported a decrease in investment income to ¥101,835,149.77 from ¥143,900,869.58 in the previous period[41] Employee Engagement and Governance - The company has implemented a second employee stock ownership plan to enhance employee engagement and company governance, approved by the board and shareholders[32] Other Financial Information - Non-recurring gains and losses totaled ¥86,219,627.76 for the reporting period, with a significant portion attributed to investment income from securities[7] - The company has ongoing projects with fixed assets valued at ¥2,907,082,551.98 and construction in progress at ¥625,561,162.66[50] - The company’s goodwill was recorded at ¥130,545,695.93, reflecting its intangible asset value[50] - The company has not yet audited its third-quarter report, which may affect the reliability of the financial data presented[55] - The company is implementing new leasing standards effective from 2021, which may impact future financial reporting[56]

Financial Performance - Gansu Shangfeng Cement reported a revenue of RMB 1.2 billion for the first half of 2021, representing a year-on-year increase of 15%[23]. - The company's net profit for the same period was RMB 300 million, up 20% compared to the previous year[23]. - The total cement production volume reached 2 million tons, an increase of 10% year-on-year[23]. - The company's operating revenue for the reporting period was ¥3,594,346,987.58, representing a 25.05% increase compared to ¥2,874,220,840.68 in the same period last year[30]. - The net profit attributable to shareholders was ¥1,009,739,046.73, a slight increase of 0.12% from ¥1,008,531,608.29 year-on-year[30]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,026,567,194.90, up 19.41% from ¥859,668,288.23 in the previous year[30]. - The total sales volume of cement and clinker reached 9.76 million tons, an increase of 33.52% compared to the previous year, with sales of cement at 6.63 million tons and clinker at 3.13 million tons[49]. - The company achieved a total operating revenue of CNY 3.594 billion in the first half of 2021, representing a year-on-year growth of 25.05%[48]. Investment and Expansion - Gansu Shangfeng Cement plans to expand its market presence by increasing production capacity by 500,000 tons in the next fiscal year[23]. - The company has invested RMB 50 million in new technology for cement production to enhance efficiency and reduce emissions[23]. - The company is expanding its business into smart logistics related to the infrastructure and building materials industry[37]. - The company is expanding its production capacity with new clinker and cement facilities in regions such as Guizhou and Inner Mongolia[49]. - The company has completed significant equity investments totaling ¥468,599,144.09 in various subsidiaries and new ventures[81]. - The company is pursuing a "one main, two wings" development strategy, focusing on cement and building materials, aggregate logistics, and new economic investments[50]. Environmental Initiatives - The company has initiated a new product line focusing on eco-friendly cement solutions[23]. - The company is investing in environmental technology to comply with stricter regulations and improve production efficiency[106]. - The company has implemented measures to ensure compliance with air pollutant discharge standards, including special emission limits[123]. - The company has established an environmental self-monitoring plan with online monitoring facilities for key pollutant discharge points[144]. - The company has actively participated in poverty alleviation efforts, providing financial support totaling 180,000 yuan for various community projects[151]. - The company has reported on its environmental responsibilities and compliance with national environmental protection laws[122]. Financial Management and Shareholder Returns - No cash dividends or stock bonuses will be distributed to shareholders for this reporting period[6]. - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the half-year period[117]. - The company has committed to distributing cash dividends of no less than 10% of the distributable profits in profitable years[159]. - The first phase of the employee stock ownership plan was approved, with 7,195,920 shares transferred to the plan account[119]. - The first phase of the employee stock ownership plan's lock-up period expired on August 14, 2020[120]. Risk Management - The company faces risks from industry overcapacity, which could negatively impact future performance if not effectively managed[105]. - The company is cautious about overseas projects due to complex political and legal environments in Kyrgyzstan and Uzbekistan[110]. - The company has established emergency response plans for environmental incidents at all key pollutant discharge units and conducted training for employees[147]. Compliance and Governance - The semi-annual financial report for the company has not been audited[166]. - There are no significant litigation or arbitration matters reported during the period[170]. - The company has adhered to its commitments regarding related party transactions and competition avoidance[159]. - The company has not engaged in any violations regarding external guarantees during the reporting period[165]. - The company has not faced any administrative penalties from environmental protection authorities during the reporting period[148].