证券代码：002683 证券简称：广东宏大 2022-008 广东宏大控股集团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 | | | 投资者关系活动 | □媒体采访 □业绩说明会 | | | 类别 | □新闻发布会 □路演活动 | | | | □现场参观 | | | | √其他（电话会议） | | | | 光大证券研究所 刘宇辰 招商基金 任绍聪 | | | | 华夏基金 常亚桥 华商基金 夏睿 银华基金 甘孟欣 光大保德信 林晓枫 | | | | 永赢基金 王硕 益民基金 陈江威 | | | | 生命人寿 李燕玲 | | | | 中银国际证券资管 陆莎莎 | | | | | | | | 创金合信 李晗 | | | | 景泰利丰 吕伟志 | | | | | | | | 中意资产 沈悦明 | | | | 信达澳亚 魏冠达 | | | 参与单位名称 ...

Financial Performance - The company's revenue for Q3 2022 reached ¥2,505,984,137.59, an increase of 12.17% compared to the same period last year[7] - Net profit attributable to shareholders was ¥139,274,130.75, reflecting an 8.32% year-on-year growth[7] - The net profit after deducting non-recurring gains and losses was ¥123,299,634.67, up by 2.58% year-on-year[7] - The company's basic earnings per share for the period was ¥0.1860, an increase of 8.40% compared to the same period last year[7] - The company reported a 18.67% increase in total revenue for the year-to-date, amounting to ¥6,866,381,103.02[12] - Total operating revenue for the current period reached ¥6,866,381,103.02, an increase of 18.67% compared to ¥5,786,050,459.82 in the previous period[31] - Net profit for the current period was ¥559,569,865.63, representing a 17.09% increase from ¥477,921,760.74 in the previous period[34] - Basic earnings per share rose to ¥0.5225, compared to ¥0.4529 in the previous period, reflecting a growth of 15.25%[34] Cash Flow - The cash flow from operating activities showed a significant decline, with a net amount of ¥87,565,802.52, down 81.88% year-on-year[7] - The net cash flow from operating activities decreased to ¥87,565,802.52, down 81.88% from ¥483,324,254.85 due to reduced collections in the mining service sector and decreased revenue in the defense equipment sector[15] - The net cash flow from investing activities improved by 61.29%, amounting to -¥312,201,242.15 compared to -¥806,599,675.15, primarily due to an increase in the redemption amount of financial products[15] - The net cash flow from financing activities was -¥11,848,323.63, a decline of 101.82% from ¥649,491,218.87, mainly due to increased repayment of bank loans and a decrease in new bank loans compared to the previous year[15] - The net increase in cash and cash equivalents was -¥239,979,083.48, a significant drop of 173.56% from ¥326,215,798.57, attributed to reduced collections and repayment of bank loans[15] - Cash inflow from operating activities totaled ¥6,471,364,846.53, an increase from ¥6,009,707,818.02 in the previous period[35] - The company reported a net cash inflow from other operating activities of ¥465,681,290.31, down from ¥614,520,344.90 in the previous period[35] - Operating cash outflow totaled ¥6,383,799,044.01, an increase from ¥5,526,383,563.17[38] - Cash inflow from investment activities reached ¥2,603,873,123.58, significantly higher than ¥216,760,370.75[38] - Net cash flow from investment activities was -¥312,201,242.15, compared to -¥806,599,675.15 in the previous period[38] - Cash inflow from financing activities was ¥2,393,478,406.86, down from ¥2,787,516,277.83[38] - Net cash flow from financing activities decreased to -¥11,848,323.63 from ¥649,491,218.87[38] - The ending balance of cash and cash equivalents was ¥1,588,766,048.96, down from ¥3,271,339,744.17[38] - The company reported a net increase in cash and cash equivalents of -¥239,979,083.48, compared to an increase of ¥326,215,798.57 previously[38] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥14,447,609,225.01, representing a 3.61% increase from the end of the previous year[7] - As of September 30, 2022, total assets increased to CNY 14,447,609,225.01 from CNY 13,944,380,178.97 at the beginning of the year, representing a growth of approximately 3.6%[24] - Current assets totaled CNY 8,905,693,719.73, up from CNY 8,515,154,181.00, indicating an increase of about 4.6%[24] - Total liabilities amounted to CNY 7,459,019,224.03, up from CNY 7,195,881,562.94, which is an increase of about 3.6%[28] - Long-term borrowings surged to CNY 3,600,716,972.35 from CNY 2,158,341,390.80, representing a significant increase of approximately 66.8%[28] - The company's equity attributable to shareholders rose to CNY 5,776,925,942.54 from CNY 5,596,130,287.03, showing an increase of about 3.2%[28] - The company's contract liabilities increased to CNY 174,171,481.59 from CNY 63,183,391.49, indicating a growth of about 175%[28] Investments and Expenditures - The company utilized ¥162,880,700 for the purchase of construction equipment in the first three quarters of 2022, with a cumulative use of ¥726,066,400 from the raised funds[20] - The total amount of raised funds was ¥1,767,532,900, with 41.08% of the funds already invested in projects by the end of the reporting period[21] - The company reported that 30.73% of the funds allocated for mining machinery and equipment purchases had been utilized by the end of the reporting period[21] - The company has not changed the investment projects or the use of raised funds during the reporting period[20] Shareholder Information - The total number of common shareholders at the end of the reporting period was 34,528, with the largest shareholder, Guangdong Environmental Protection Group Co., Ltd., holding 24.26% of shares[16] - The top ten shareholders collectively held 26.69% of the company's total equity, with Guangdong Environmental Protection Group and its subsidiary holding a combined 199,819,173 shares[16] Research and Development - Research and development expenses increased to ¥215,719,201.99, up 21.53% from ¥177,485,600.07 in the prior period[31] Financial Expenses - The financial expenses increased by 75.84% to ¥87,993,433.94, attributed to a rise in loan scale[12] - The company’s financial expenses increased to ¥87,993,433.94, up from ¥50,043,132.69 in the prior period[31] Comprehensive Income - The total comprehensive income for the current period was ¥559,573,816.12, compared to ¥477,921,760.74 in the previous period[34] Other Information - The company did not have an audited third-quarter report[39]

证券代码：002683 证券简称：广东宏大 公告编号：2022-042 广东宏大控股集团股份有限公司 关于参加 2022 广东辖区上市公司投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，广东宏大控股集团股份 有限公司（以下简称"公司"）将参加由中国证券监督管理委员会广东 监管局、广东上市公司协会共同举办的"2022广东辖区上市公司投资 者网上集体接待日"活动。 本次活动将以网络远程互动方式在深圳市全景网络有限公司提 供的网上平台举行。投资者可以登录"全景•路演天下"网站 （https://rs.p5w.net）参与本次投资者集体接待日活动，网上互动交流 时间为2022年9月22日（星期四）下午15:50—16:50。届时，公司董事 长郑炳旭先生、副总经理兼财务负责人王丽娟女士、副总经理兼董事 会秘书赵国文先生将出席本次交流活动。欢迎广大投资者积极参与。 特此公告。 广东宏大控股集团股份有限公司董事会 2022年9月20日 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 4,360,396,965.43, representing a 22.76% increase compared to CNY 3,552,023,567.42 in the same period last year[27]. - The net profit attributable to shareholders of the listed company was CNY 251,915,804.78, a 19.49% increase from CNY 210,832,310.77 in the previous year[27]. - The basic earnings per share increased by 19.59% to CNY 0.3364 from CNY 0.2813 in the same period last year[27]. - The total assets at the end of the reporting period were CNY 14,512,269,170.72, up 4.07% from CNY 13,944,380,178.97 at the end of the previous year[27]. - The net assets attributable to shareholders of the listed company were CNY 5,641,191,115.30, reflecting a 0.81% increase from CNY 5,596,130,287.03 at the end of the previous year[27]. - The net cash flow from operating activities was negative at CNY -117,341,236.31, a significant decrease of 138.55% compared to CNY 304,393,205.46 in the same period last year[27]. - The weighted average return on net assets was 4.57%, an increase from 4.03% in the previous year[27]. - The company reported non-recurring gains and losses totaling CNY 23,072,666.91 for the period[30]. Segment Performance - The mining service segment achieved revenue of 3.188 billion yuan, representing a year-on-year growth of 30.14% due to an increase in new projects and improved project efficiency[46]. - The civil explosives segment reported revenue of 1.022 billion yuan, an increase of 23.06% compared to the previous year[55]. - The defense equipment segment's revenue was CNY 32.74 million, only 0.75% of total revenue, showing a significant decline of 86.60% year-on-year due to delivery issues[71]. - The main business income for civil explosives reached 19.972 billion yuan, growing by 18.24% year-on-year[53]. - The total profit for civil explosives was 3.279 billion yuan, reflecting a year-on-year growth of 6.74%[53]. Market and Operational Strategies - The company continues to expand its mining service operations internationally, with new projects in Guyana and Colombia, enhancing its market share across over 30 provinces and regions in China and several overseas locations[46]. - The company is actively pursuing a "Belt and Road" initiative, aligning its market expansion strategy with international development projects[46]. - The company has adjusted the sales prices of its explosive products in response to rising raw material costs, aiming to mitigate the impact on profit margins[48]. - The company is focusing on mergers and acquisitions in resource-rich areas to expand its civil explosives market presence[57]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[76]. Safety and Environmental Management - The company emphasizes safety production management to address risks inherent in the mining and explosives industries, implementing a dual prevention system for safety risk control[118]. - The company invested a total of 89.936 million yuan in safety production measures, ensuring effective implementation of safety protocols[90]. - The company organized 411 safety training sessions, training a total of 17,306 employees during the reporting period[145]. - The company has implemented pollution prevention measures in compliance with environmental regulations, ensuring that emissions meet national and local standards[134]. - The company has a valid pollution discharge permit, which was updated in December 2019 and registered in July 2020[140]. Financial Management and Investments - The company reported a significant decrease in investment amounting to 116.81 million yuan, down 86.69% from 877.54 million yuan in the same period last year[100]. - Long-term borrowings increased by 12.32% to approximately 4.03 billion yuan, reflecting adjustments in debt structure and funding for R&D projects[95]. - The company raised a total of RMB 1,767.53 million through a private placement of 43,037,080 shares at a price of RMB 41.07 per share[104]. - The remaining balance of the raised funds in the special account is RMB 1,150.56 million[106]. - The company has established a comprehensive risk management system to monitor accounts receivable and contract assets, ensuring timely recovery and management oversight[122]. Legal and Compliance Issues - The company is currently involved in a legal dispute with Ningxia Taihua, with a claim amounting to 10,294.7 million yuan[157]. - The company has recognized an asset impairment loss of 175.2 million CNY related to receivables from the defendant, with a net receivable amount of 75.08 million CNY[161]. - The company has ongoing litigation involving a total amount of 20.63 million CNY, with no significant impact on its performance expected[164]. - The company has not encountered any issues or other situations regarding the use and disclosure of raised funds[107]. Corporate Governance and Changes - The company changed its name to "Guangdong Hongda Holdings Group Co., Ltd." and its stock abbreviation to "Guangdong Hongda" on January 18, 2022[193]. - The company has completed the repurchase and cancellation of 368,496 restricted stocks due to performance assessment failures during the second unlock period[130]. - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[171]. - The company has not exceeded the approved transaction limits for related party transactions in the current reporting period[170].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,788,906,674.75, representing a 20.29% increase compared to ¥1,487,218,431.77 in the same period last year[4] - Net profit attributable to shareholders was ¥41,136,538.45, a decrease of 44.27% from ¥73,812,302.07 year-on-year[4] - The net profit for the current period is CNY 50,392,978.67, a decrease of 44.2% compared to CNY 90,239,611.49 in the previous period[30] - The operating profit for the current period is CNY 69,490,751.33, down from CNY 104,085,119.99, reflecting a decline of 33.2%[30] - The total comprehensive income attributable to the parent company's owners was CNY 41,136,538.45, down from CNY 73,812,302.07[34] - Basic and diluted earnings per share for the current period were both CNY 0.0549, compared to CNY 0.0989 in the previous period[34] Cash Flow - The net cash flow from operating activities was -¥423,270,236.26, which is a 7.72% decline compared to -¥392,947,057.63 in the previous year[4] - The total cash inflow from operating activities was CNY 1,687,486,936.88, slightly up from CNY 1,672,402,607.55[35] - The net cash outflow from operating activities was CNY -423,270,236.26, compared to CNY -392,947,057.63 in the previous period[38] - The cash flow from investment activities showed a net outflow of CNY -368,473,506.48, contrasting with a net inflow of CNY 11,842,074.71 previously[38] - Cash inflow from financing activities totaled $1,031,647,923.63, a decrease of 44.4% compared to $1,855,973,445.92 in the previous period[41] - Net cash flow from financing activities was $308,791,807.50, down 63.3% from $839,581,244.95 year-over-year[41] - Cash and cash equivalents at the end of the period amounted to $1,346,079,090.43, a decrease from $3,418,309,327.70 in the previous period[41] - The net increase in cash and cash equivalents was -$482,666,042.01, contrasting with an increase of $458,476,262.03 in the previous period[41] Assets and Liabilities - The total assets at the end of the reporting period were ¥13,870,823,731.35, showing a slight decrease of 0.53% from ¥13,944,380,178.97 at the end of the previous year[4] - Current assets totaled ¥8,495,626,999.83, slightly down from ¥8,515,154,181.00 at the beginning of the year, a decrease of approximately 0.2%[20] - Non-current assets decreased to ¥5,375,196,731.52 from ¥5,429,225,997.97, reflecting a decline of about 1.0%[23] - Total liabilities were reported at ¥7,141,347,156.25, a slight decrease from ¥7,195,881,562.94, representing a reduction of about 0.8%[26] - Short-term borrowings significantly decreased to ¥185,083,249.98 from ¥736,144,717.58, a reduction of about 74.9%[23] - Long-term borrowings increased to ¥3,133,785,505.68 from ¥2,158,341,390.80, reflecting an increase of approximately 45.1%[26] Equity and Shareholder Information - The company’s total equity attributable to shareholders increased by 0.88% to ¥5,645,152,779.71 from ¥5,596,130,287.03 at the end of the previous year[4] - The total number of common shareholders at the end of the reporting period is 43,000[13] - Guangdong Environmental Group Co., Ltd. holds 24.26% of shares, totaling 181,613,500 shares[13] - The company acquired an additional 20% stake in Gansu Xing'an Explosive Materials Co., Ltd., increasing its ownership from 51% to 71%[16] - The total number of preferred shareholders is not applicable[16] - The company repurchased and canceled 651,764 shares of restricted stock due to performance assessment failures[16] - The total number of shares after the cancellation is 748,760,423 shares[16] Expenses - Research and development expenses increased by 75.53% to ¥76,867,507.20, driven by higher investments in the mining service sector[10] - Sales expenses rose to CNY 12,142,502.98, an increase of 76.8% compared to CNY 6,864,698.54[30] - The company experienced a 66.21% rise in financial expenses, totaling ¥31,629,575.45, attributed to an increase in loan scale[10] - The company reported a significant increase in financial expenses, totaling CNY 31,629,575.45, up from CNY 19,030,419.90, marking a rise of 66.7%[30] Investment and Projects - The company reported a significant increase in prepayments, which rose by 228.57% to ¥183,109,893.63 due to increased advance payments for materials and projects[7] - The investment progress for the mining machinery equipment purchase project is 22.19%[16] - The company has achieved 92.51% investment progress for the working capital replenishment project[16] Audit and Reporting - The company’s first quarter report was not audited[42]

Financial Performance - The company reported a significant increase in mining service investment in 2021 compared to 2020, driven by economic recovery post-pandemic[6]. - The company's operating revenue for 2021 was ¥8,526,481,342.30, representing a 33.33% increase compared to ¥6,394,858,642.43 in 2020[31]. - The net profit attributable to shareholders for 2021 was ¥480,198,899.02, an increase of 18.93% from ¥403,761,926.57 in 2020[31]. - The net cash flow from operating activities for 2021 was ¥1,280,882,579.40, up 27.02% from ¥1,008,427,527.29 in 2020[31]. - The basic earnings per share for 2021 was ¥0.6407, a 13.34% increase from ¥0.5653 in 2020[31]. - Total assets at the end of 2021 were ¥13,944,380,178.97, reflecting a 34.11% increase from ¥10,397,425,435.41 at the end of 2020[31]. - The net assets attributable to shareholders at the end of 2021 were ¥5,596,130,287.03, a 5.99% increase from ¥5,279,858,111.58 at the end of 2020[31]. - The company achieved a total revenue of 8.526 billion yuan and a net profit of 480 million yuan for the reporting period[154]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 3.00 CNY per share, based on an estimated total share capital of 748,760,423 shares[10]. Risks and Financial Management - The company faces financial risks due to a large balance of accounts receivable and contract assets, which may lead to credit impairment losses if clients experience adverse changes[10]. - The company emphasizes the importance of monitoring macroeconomic risks that could impact its traditional mining engineering and civil explosives businesses[6]. - The company is enhancing internal controls and project management to mitigate financial risks associated with accounts receivable and contract assets[163]. - The company is committed to continuous monitoring and testing for impairment of goodwill and long-term equity investments to manage financial risks effectively[163]. Business Segments and Performance - The mining service segment achieved revenue of 6.11 billion CNY in 2021, a 35.35% increase from 4.51 billion CNY in the previous year, primarily due to the recovery of mining projects after the pandemic[58]. - The civil explosives segment achieved revenue of 1.869 billion yuan in 2021, a 43.97% increase from 1.298 billion yuan in the previous year[53]. - The defense equipment segment reported revenue of 384 million CNY in 2021, a decrease of 25.14% from 513 million CNY in the previous year, attributed to reduced order volumes for traditional defense products[62]. Acquisitions and Market Expansion - The company is expanding its scale through external acquisitions, which may pose risks if the acquired companies do not meet performance expectations[10]. - The company has expanded its market presence through acquisitions, including Inner Mongolia Jisheng Explosives Group and Gansu Xing'an Explosives, enhancing its strategic layout in the region[53]. - The company is actively exploring the sand and gravel mining rights investment market, establishing Guangdong Hongda Sand and Gravel Co., Ltd. to extend its mining service industry chain[58]. - The company aims to expand its market presence in the northern rich mineral regions through strategic acquisitions and partnerships[149]. Research and Development - The company invested in research and development, resulting in 15 invention patents and 66 utility model patents in 2021[75]. - The company has invested a total of 41.09 million yuan in R&D, a 3.37% increase from 39.75 million yuan, indicating a commitment to innovation[82]. Safety and Compliance - The company completed 335 safety inspections in 2021, identifying and rectifying 1,772 safety hazards, achieving a 100% rectification rate[96]. - The company is actively addressing safety production risks by enhancing safety management systems and conducting regular safety training and emergency drills[160]. - The company has established a dual prevention system for safety risk control and hidden danger investigation to ensure production safety[160]. Governance and Shareholder Engagement - The company has established a diversified equity structure with state-owned control and management participation, enhancing its governance and operational efficiency[170]. - The company held 1 annual and 2 extraordinary shareholder meetings during the reporting period, ensuring compliance with legal and procedural requirements[171]. - The company actively engages with stakeholders to balance interests and promote sustainable development[179]. Future Outlook and Strategic Goals - The company plans to continue its expansion strategy in 2022, focusing on high-quality growth in the military and civil explosives sectors[155]. - The management provided guidance for future performance, indicating a positive outlook for the upcoming fiscal year[195]. - The company is committed to strategic acquisitions to bolster its market presence and operational capabilities[195].

Financial Performance - The company's operating revenue for Q3 2021 was ¥2,234,026,892.40, representing a year-on-year increase of 34.91%[3] - Net profit attributable to shareholders for the same period was ¥128,575,139.78, up 28.51% year-on-year[3] - The net profit after deducting non-recurring gains and losses reached ¥120,202,639.64, reflecting a 29.62% increase compared to the previous year[3] - Total revenue for the current period reached CNY 5,786,050,459.82, an increase of 34.65% compared to the previous period[11] - Net profit for the current period was ¥477,921,760.74, representing a 40.5% increase compared to ¥340,178,599.59 in the previous period[35] - Basic earnings per share rose to ¥0.4529, up from ¥0.3843 in the previous period, reflecting a 17.5% increase[35] - The company achieved a total comprehensive income of ¥477,921,760.74, compared to ¥340,178,599.59 in the previous period, reflecting a 40.5% increase[35] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥13,131,713,768.04, a 26.30% increase from the end of the previous year[3] - The total amount of raised funds was 1.7675329 billion RMB, with no changes in usage reported during the reporting period[20] - The total liabilities amounted to 6.5233820 billion RMB, compared to 4.5778638 billion RMB in the previous year[27] - The total equity attributable to shareholders of the parent company increased to 5.4731469 billion RMB from 5.2798581 billion RMB year-over-year[29] - The total cash and cash equivalents at the end of the period reached 3,271,339,744.17, compared to 1,092,258,591.81 at the end of the previous period, marking an increase of approximately 199.5%[42] - The total assets increased from 10,397,425,435.41 to 10,674,612,507.54, reflecting a growth of about 2.7%[46] - The total liabilities rose from 4,577,863,801.63 to 4,855,050,873.76, indicating an increase of approximately 6.1%[49] Cash Flow - The cash flow from operating activities showed a decline of 16.49% year-to-date, totaling ¥483,324,254.85[3] - The net cash flow from operating activities decreased by 16.49% to CNY 483,324,254.85, attributed to a reduction in collections compared to the previous year[14] - The net cash flow from investing activities was CNY -806,599,675.15, a 21.00% increase due to more acquisitions this year[14] - The net cash flow from financing activities increased by 147.86% to CNY 649,491,218.87, primarily driven by expanded financing for acquisitions[14] - The company reported a total cash inflow from operating activities of ¥6,009,707,818.02, compared to ¥4,923,206,038.62 in the previous period, marking a 22.1% increase[39] - The cash inflow from financing activities totaled 2,787,516,277.83, compared to 2,073,354,630.47 in the previous period, showing an increase of approximately 34.4%[42] Investments and Acquisitions - The company reported a significant increase in prepayments by 487.58%, reaching ¥264,464,303.31, due to the expansion of consolidated reporting scope[7] - Long-term equity investments rose by 69.08% to ¥285,559,144.75, attributed to new acquisitions[7] - Goodwill increased by 40.44% to ¥1,652,688,664.08, primarily due to the acquisition of Ji'an Chemical and Jiu Steel Xingan[7] - The company completed an investment and acquisition of Shenzhen Chuangzhe Automation Technology Co., Ltd. for a total of 37.59 million RMB, acquiring a 35% stake, which extends its reach into the intelligent manufacturing sector of the civil explosives industry[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 46,060, with the top ten shareholders holding significant stakes[15] - The company reported a significant increase in minority shareholders' profit by 102.32% to CNY 138,514,310.19, due to the acquisition of new subsidiaries[11] Research and Development - Research and development expenses were ¥177,485,600.07, slightly down from ¥181,263,743.05 in the previous period[31] Taxation - Tax expenses for the current period were ¥73,328,030.13, up from ¥48,787,656.64 in the previous period, indicating a 50.3% increase[35] Fund Utilization - The company is currently utilizing raised funds for ongoing projects, with a project investment progress of 28.92%[20] - The company has ongoing projects for technical transformation of construction equipment, with a current investment of 14.36 million RMB out of a total commitment of 1.4713939 billion RMB[20]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 3,552,023,567.42, representing a 34.49% increase compared to CNY 2,641,187,336.54 in the same period last year[32]. - The net profit attributable to shareholders for the first half of 2021 was CNY 210,832,310.77, up 22.81% from CNY 171,667,381.30 in the previous year[32]. - The net profit after deducting non-recurring gains and losses was CNY 204,074,524.79, reflecting a 23.42% increase from CNY 165,349,200.00 year-on-year[32]. - The net cash flow from operating activities decreased by 14.97% to CNY 304,393,205.46, down from CNY 358,002,910.26 in the previous year[32]. - Total assets at the end of the reporting period were CNY 12,527,531,135.35, a 20.49% increase from CNY 10,397,425,435.41 at the end of the previous year[32]. - The net assets attributable to shareholders increased by 1.28% to CNY 5,347,437,393.78, compared to CNY 5,279,858,111.58 at the end of the previous year[32]. - The basic earnings per share for the first half of 2021 were CNY 0.2813, a 15.86% increase from CNY 0.2428 in the same period last year[32]. - The diluted earnings per share also stood at CNY 0.2813, reflecting the same growth of 15.86% year-on-year[32]. - The weighted average return on net assets was 4.03%, down from 5.31% in the previous year, indicating a decrease of 1.28%[32]. Revenue Segmentation - The mining engineering service segment achieved revenue of 2.45 billion yuan, a 27.52% increase from 1.92 billion yuan in the same period last year[45]. - The civil explosives sector achieved operating revenue of 830 million yuan, a 63.62% increase from 507 million yuan in the same period last year, driven by steady growth in core business and the addition of new subsidiaries[54]. - The civil explosives industry reported a total profit of 3.072 billion yuan in the first half of 2021, representing a year-on-year growth of 35.51%, with production enterprises contributing 2.542 billion yuan, up 38.96%[53]. - The defense equipment segment generated operating revenue of 244 million yuan, a 25.50% increase from 195 million yuan in the previous year, primarily due to an increase in traditional defense equipment orders[56]. Cost and Expenses - The operating cost increased by 35.07% to ¥2,849,127,770.88 from ¥2,109,388,254.75, primarily due to the addition of new subsidiaries and the normalization of costs after the pandemic[63]. - The company’s financial expenses rose by 60.17% to ¥43,575,787.25 due to increased financing rates and expanded financing scale[66]. - Research and development investment decreased by 4.89% to ¥155,169,288.44 from ¥163,138,723.34[66]. Market Expansion and Strategy - The company is focusing on expanding its defense equipment segment, with successful trials of its self-developed drone series and the commencement of construction for the HD-1 project[42]. - The company aims to enhance its "mining and blasting integration" service model, which has become a core competency in the mining sector[42]. - The company is actively expanding its market presence in overseas regions including Pakistan, Serbia, and Malaysia[44]. Production Capacity and Utilization - The company’s total production capacity reached 462,000 tons, ranking second nationwide after acquiring additional capacity of 132,000 tons through investments in Inner Mongolia and Gansu[48]. - The production and sales volume of industrial explosives reached 2.0594 million tons and 2.0436 million tons respectively, reflecting year-on-year increases of 4.95% and 4.76%[53]. - The company’s industrial explosives capacity utilization rate improved to 38.59%, an increase of 2.51% compared to the same period last year[53]. Safety and Environmental Compliance - The company has established a comprehensive safety management system, revising 11 safety management regulations in accordance with national standards[50]. - The company has been proactive in environmental protection, ensuring compliance with national and local standards for pollutant discharge[123]. - All construction projects have received necessary environmental permits, adhering to relevant regulations[124]. - The company received no administrative penalties for environmental issues during the reporting period, with pollutant emissions below permitted levels and in compliance with national standards[127]. Social Responsibility and Employee Welfare - The company provided financial assistance of 115,000 yuan to 8 employees facing hardships due to disasters or serious illnesses in the first half of 2021[130]. - The company donated 200,000 yuan to Henan University for scholarships and supported local community initiatives, including a 50,000 yuan donation for rural revitalization[130]. - The company is actively involved in social responsibility initiatives, including creating employee welfare facilities, with a new badminton court expected to open in August 2021[129]. Risk Management - The company faces macroeconomic risks, including fluctuating raw material prices and the impact of the removal of pandemic-related financial support policies[104]. - The company faces financial risks due to large accounts receivable and contract assets, necessitating enhanced internal controls and credit assessments[108]. - Measures to manage financial risks include improving project management capabilities and accelerating the recovery of accounts receivable[110]. - The company has a comprehensive risk management strategy, focusing on the assessment and recovery of three key asset categories[110]. Corporate Governance - The company maintains a commitment to corporate governance and shareholder interests, adhering to its core values of integrity and innovation[127]. - No cash dividends or stock bonuses were distributed in the first half of 2021, as per the company's profit distribution plan[115]. - The half-year financial report has not been audited[138]. Shareholder Information - The total number of shares decreased from 750,093,456 to 749,412,187, a reduction of 681,269 shares[183]. - The number of restricted shares decreased by 36,136,863, resulting in 104,884,260 restricted shares, which is 14.00% of total shares[183]. - The number of unrestricted shares increased by 35,455,594, bringing the total to 644,527,927, which is 86.00% of total shares[183]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[198].

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,487,218,431.77, representing a 64.52% increase compared to ¥903,966,466.92 in the same period last year[9]. - Net profit attributable to shareholders was ¥73,812,302.07, up 107.20% from ¥35,624,284.62 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was ¥62,351,483.33, reflecting a 77.96% increase from ¥35,036,333.55 in the previous year[9]. - The basic earnings per share increased to ¥0.0989, a rise of 96.23% compared to ¥0.0504 in the same period last year[9]. - The gross profit margin improved significantly, with operating profit rising by 103.64% to ¥104,085,119.99[24]. - The company reported a significant increase in other receivables, which rose to ¥2,879,856,694.36 from ¥2,102,803,634.86, representing a growth of about 37.0%[57]. - The net profit for the current period is 90,239,611.49, compared to 44,352,754.72 in the previous period, representing an increase of approximately 103.5%[72]. - The total profit for the current period is 105,257,254.89, compared to 50,257,400.06 in the previous period, indicating an increase of about 109.5%[68]. Assets and Liabilities - The total assets at the end of the reporting period were ¥11,257,623,541.00, an increase of 8.27% from ¥10,397,425,435.41 at the end of the previous year[9]. - The total assets of the company as of March 31, 2021, amounted to ¥8,324,324,218.07, compared to ¥7,311,342,938.82 at the end of 2020, indicating an increase of about 13.8%[63]. - The total liabilities increased to ¥5,359,837,711.70 from ¥4,577,863,801.63, reflecting a rise of approximately 17.1%[56]. - The company's total liabilities and equity reached ¥11,257,623,541.00, compared to ¥10,397,425,435.41, an increase of approximately 8.3%[56]. - The non-current liabilities totaled ¥2,491,663,658.26, up from ¥1,331,362,692.57, indicating a substantial increase of approximately 87.0%[56]. - The company's equity totaled approximately $5.82 billion, remaining stable compared to previous figures[97]. Cash Flow - The net cash flow from operating activities was negative at -¥392,947,057.63, a decline of 210.45% compared to ¥355,782,330.13 in the same period last year[9]. - Cash outflow from operating activities totaled CNY 2,065,349,665.18, compared to CNY 1,311,552,566.85 in the prior period, resulting in a net cash flow from operating activities of -CNY 392,947,057.63[83]. - Cash inflow from financing activities reached CNY 1,855,973,445.92, compared to 717,542,239.59 in the prior period, resulting in a net cash flow from financing activities of CNY 839,581,244.95[86]. - The net increase in cash and cash equivalents for the period was CNY 458,476,262.03, up from CNY 39,644,158.84 in the previous period[86]. - The ending balance of cash and cash equivalents was CNY 3,418,309,327.70, compared to CNY 957,715,743.92 at the end of the previous period[86]. Shareholder Information - The top shareholder, Guangdong Guangye Group Co., Ltd., held 20.37% of the shares, totaling 152,673,329 shares[14]. - The company repurchased and canceled 681,269 shares of restricted stock due to performance assessment failures by certain employees[28]. Government Support and Grants - The company received government subsidies amounting to ¥5,178,210.18 during the reporting period[9]. - The company received government subsidies and research grants, leading to a 130.64% increase in other income[24]. Future Outlook - The company plans to improve cash flow in the second quarter as various business sectors are expected to recover[27]. - The company anticipates further market expansion and product development in the mining service and military sectors[28]. Investment and Projects - The company acquired a 46.1746% stake in Inner Mongolia Jianhua Chemical for ¥646,637,161, increasing its combined production capacity from 330,000 tons to 415,000 tons[28]. - The project for technical transformation of construction equipment has a total investment of CNY 147,139.39 million, with 9.74% of the funds utilized[33]. - The working capital supplement project has a total investment of CNY 29,613.90 million, with 92.39% of the funds utilized[33]. Operational Costs - The company reported a 66.83% increase in operating costs, totaling ¥1,236,203,333.46, due to expanded production scale[24]. - Employee compensation payments increased to CNY 227,140,723.41 from CNY 182,131,214.12 year-over-year[83]. - Tax payments rose to CNY 88,975,715.59 from CNY 58,189,393.38 in the previous period[83]. Research and Development - The research and development expenses for the current period are 43,791,993.83, compared to 34,794,903.46 in the previous period, showing an increase of about 25.8%[68]. Audit and Compliance - The first quarter report was not audited, indicating a potential area for further scrutiny[102].

Acquisitions and Market Position - The company successfully acquired 51% of Inner Mongolia Risheng Explosive Group, enhancing its position in the national explosive industry[9] - The company has integrated seven out of eight explosive production enterprises in the province, optimizing its production capacity[9] - The company is expanding its market presence in Inner Mongolia while enhancing its production capacity utilization[9] - The company acquired 51% of Inner Mongolia Risheng Civil Explosive Group, adding 64,000 tons of explosive capacity, further solidifying its national standing in the civil explosives industry[49] - The company completed a 51% equity investment in Inner Mongolia Risheng Mining Group, adding 64,000 tons of explosive capacity[72] Financial Performance - The company's operating revenue for 2020 was ¥6,394,858,642.43, an increase of 8.34% compared to ¥5,902,412,006.06 in 2019[31] - The net profit attributable to shareholders for 2020 was ¥403,761,926.57, representing a growth of 31.61% from ¥306,784,260.77 in 2019[31] - The net cash flow from operating activities reached ¥1,008,427,527.29, up 22.95% from ¥820,184,431.34 in 2019[31] - The company reported a basic earnings per share of ¥0.5653, a 30.28% increase from ¥0.4339 in 2019[31] - Total assets at the end of 2020 were ¥10,397,425,435.41, reflecting a 34.42% increase from ¥7,735,084,868.41 at the end of 2019[31] Business Segments and Growth - The company operates in three main business segments: mining engineering services, civil explosive materials production and sales, and defense equipment[44] - The mining engineering service segment has shown continuous revenue growth, driven by supply-side reforms and increased concentration in the mining industry[46] - The civil explosives segment has a high gross margin and strong cash flow, with 70% of its consumption occurring in the mining sector[49] - The defense equipment segment achieved a revenue of ¥514 million, a 70.47% increase year-on-year, with net profit rising by 115.36% to ¥59.42 million[51] Research and Development - The company launched over 20 research projects in 2020, obtaining 9 invention patents and 38 utility model patents[64] - Research and development expenses increased by 29.02% to 264 million yuan, driven by increased investment in military projects[76] - The total amount of R&D investment was ¥397,479,542.45, representing 6.22% of operating revenue[107] - The number of R&D personnel increased by 5.26% to 860, although the proportion of R&D personnel decreased to 17.78%[105] Safety and Risk Management - The company has implemented strict safety management protocols to mitigate production risks in the high-risk mining and explosive industries[10] - The company conducted 368 safety inspections, identifying and rectifying 1,378 safety hazards, achieving a 100% completion rate[57] - The company is focusing on risk management, particularly in financial aspects, with significant accounts receivable and contract assets, and is implementing measures to improve credit risk assessment and project management[149] Cash Dividends and Profit Distribution - The company plans to distribute a cash dividend of 2.2 RMB per 10 shares, based on an estimated total share capital of 749,412,187 shares[15] - The total distributable profit for the company was RMB 735,269,777.73, with the cash dividend representing 100% of the profit distribution[168] - The company’s cash dividend payout ratio was lower than the previous year’s 46.09%[165] - The company’s cash dividends for the past three years were RMB 106,066,342.65 in 2018, RMB 141,411,275.20 in 2019, and RMB 164,870,681.14 in 2020[165] Strategic Initiatives and Future Plans - The company aims to enhance its core competitiveness through continuous research and development, achieving significant technological advancements in the blasting industry[64] - The company plans to enhance its core competitiveness in mining services and expand its operational scale over the next three years[135] - The company aims to become a globally recognized military enterprise and a leading mining service provider with the highest market share in explosives in China[135] - The company is working on building a talent pipeline and improving its human resource management system to align with business development needs[144] Legal and Compliance Matters - The company is involved in a lawsuit against Ningxia Taihua Dashi Coal Industry Co., Ltd. for a total claim of approximately 286.18 million yuan[190] - The company has initiated litigation against Yili Qinghua Energy Development Co., claiming a total of CNY 68.51 million in overdue project payments, performance bonds, and penalties[195] - The company has a total of 13 ongoing lawsuits, with amounts not significant, and the impact on performance is expected to be minimal[198] - The company has established a long-term commitment to avoid conflicts of interest and ensure fair practices among its executives and shareholders[172]