DFD(SZ:002407)2020-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2020 was ¥1,732,213,290.57, a decrease of 13.95% compared to the same period last year[8]. - The net profit attributable to shareholders was ¥15,710,983.56, representing a decline of 82.08% year-on-year[8]. - The net profit after deducting non-recurring gains and losses was -¥31,406,878.17, a decrease of 170.35% compared to the previous year[8]. - The weighted average return on net assets was 0.53%, down from 2.37% in the same period last year[8]. - The company reported a revenue of CNY 1,732.21 million for the reporting period, a decrease of 13.95% compared to the same period last year, which was CNY 2,013.11 million[25]. - The net profit attributable to shareholders was CNY 15.71 million, down 82.08% from the previous year[25]. - The company reported a cumulative net profit estimate of 28 million yuan for the period from the beginning of the year to the next reporting period, representing a decrease of 79.48% compared to the previous year[58]. - Basic earnings per share are projected to be 0.04 yuan, down 80% from 0.20 yuan in the same period last year[58]. Cash Flow and Assets - The net cash flow from operating activities was ¥142,449,736.74, showing an improvement from -¥267,369,677.78 in the same period last year[8]. - The total assets at the end of the reporting period were ¥9,946,510,003.31, an increase of 8.90% from the end of the previous year[8]. - The total assets of the company at the end of the reporting period were approximately ¥3.5 billion, reflecting a stable financial position[141]. - The company reported a significant increase in cash inflow from operating activities, totaling approximately ¥1.82 billion, compared to ¥1.53 billion in the first half of 2019[142]. - The total cash inflow from investment activities was ¥1,190,516,887.43, up from ¥674,214,108.50 in the first half of 2019, indicating a strong increase in investment receipts[145]. - The total cash outflow from investment activities was ¥1,283,259,838.38, up from ¥854,159,312.35 in the previous year, indicating higher investment expenditures[145]. Investments and Acquisitions - The company is pursuing strategic acquisitions, including the successful acquisition of Zhejiang Zhongning Silicon Industry Co., enhancing its position in the semiconductor industry[25]. - The company has invested a total of RMB 146.9754 million in the new high-end additive project for lithium batteries and the powertrain project for new energy vehicles as of July 31, 2018[44]. - The company acquired a 90% stake in Jiaozuo Partner Nano Materials Co., Ltd. for CNY 89,100,000.00, focusing on nano materials and battery components[36]. Research and Development - The company is focusing on the development of new materials, orderly development of lithium batteries, and cooperative development of new energy vehicles to enhance its sustainable growth[19]. - The company has filed 670 patents, with 437 granted, including 139 invention patents, showcasing its strong innovation capabilities[21]. - Research and development expenses decreased to CNY 54,219,508.27, down 26.2% from CNY 73,457,906.58 in the first half of 2019[136]. Market Position and Products - The company continues to maintain its leading position in the industry for aluminum fluoride and related products, with a focus on energy-saving and emission-reduction technologies[12]. - The company has developed a production capacity of 8,000 to 10,000 tons of lithium hexafluorophosphate by the end of 2020, supplying major electrolyte manufacturers and exporting to countries like South Korea and Japan[13]. - The company achieved a market share of 12% in the lithium battery sector, ranking third, with a total installed capacity of 394.3 MWh from January to August[25]. - The company reported a stable growth in sales of lithium salts, including lithium bis(fluorosulfonyl)imide (LiFSI), with production capacity gradually being released[13]. Environmental and Social Responsibility - The company invested CNY 7.5 million in environmental protection facilities, including upgrades to the electronic-grade hydrogen fluoride exhaust gas absorption system and other modifications[98]. - The company provided CNY 500,000 for poverty alleviation efforts, including skills training for 50 individuals and support for 30 impoverished students[104]. - The company has implemented measures to ensure compliance with environmental standards, with no exceedances reported[96]. Corporate Governance and Compliance - The company’s board of directors has committed to ensuring the authenticity and completeness of the issuance report, taking legal responsibility for any misrepresentation[69]. - The company has maintained compliance with all commitments made to shareholders and regulatory bodies[69]. - The company has not engaged in any related party transactions during the reporting period[80]. Shareholder Information - The total number of shares before the change was 683,920,481, with a total of 1,875,435 shares added during the period, resulting in a new total of 683,920,481 shares[110]. - The largest shareholder, Li Shijiang, holds 12.79% of the shares, totaling 87,481,960 shares, with 21,870,490 shares pledged[116]. - The company has a total of 407 incentive plan participants who received restricted stock grants[113].