多氟多(002407) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥2,904,566,750.76, representing a 67.68% increase compared to ¥1,732,213,290.57 in the same period last year[12]. - The net profit attributable to shareholders was ¥307,930,398.62, a significant increase of 1,859.97% from ¥15,710,983.56 in the previous year[12]. - The net profit after deducting non-recurring gains and losses was ¥288,219,102.70, compared to a loss of ¥31,406,878.17 in the same period last year, marking a 1,017.69% increase[12]. - The net cash flow from operating activities was ¥170,156,709.20, up 19.45% from ¥142,449,736.74 in the previous year[12]. - Basic earnings per share increased to ¥0.4288, a rise of 1,764.35% from ¥0.0230 in the same period last year[12]. - The company's total profit for the first half of 2021 was ¥388,656,174.02, up from ¥69,693,480.57 in the previous year, indicating a growth of approximately 457%[140]. - The operating profit for the first half of 2021 was ¥384,341,457.36, compared to ¥59,737,944.48 in the first half of 2020, reflecting an increase of approximately 542%[140]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,672,845,810.98, reflecting a 10.59% increase from ¥9,651,094,956.96 at the end of the previous year[12]. - The company's total liabilities decreased to ¥3,521,148,504.37 as of June 30, 2021, from ¥4,049,343,889.36 at the end of 2020, indicating a reduction of approximately 13.1%[134]. - The equity attributable to the owners of the parent company rose to CNY 4,387,778,830.84 from CNY 2,950,169,996.80, marking an increase of approximately 48.8%[131]. - The company's current assets totaled CNY 4,988,982,772.47 as of June 30, 2021, compared to CNY 3,954,671,477.96 at the end of 2020, indicating an increase of about 26.1%[129]. Research and Development - The company's R&D investment rose by 64.66% to ¥89,484,440.56, driven by increased material costs for research and development[32]. - Research and development expenses increased to ¥44,639,591.59 in the first half of 2021, up from ¥22,334,689.72 in the same period of 2020, representing a growth of about 100%[139]. - The company has filed 741 patents, with 521 granted, including 161 invention patents, showcasing its commitment to innovation[28]. Market Position and Products - The main business remains focused on aluminum fluoride salts, new materials, and lithium batteries, with no changes in the core operations during the reporting period[17]. - The company has maintained its leading position in the aluminum fluoride salt industry, with continuous growth in production and export volumes[18]. - The company has developed lithium hexafluorophosphate, breaking foreign monopolies and contributing to the domestic new energy industry, with significant advancements in lithium salt production technology[19]. - The company's lithium battery products are primarily used in the EV and energy storage sectors, with a focus on fast-charging lithium-ion battery systems[21]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥2 per 10 shares based on a total of 764,917,479 shares, with no bonus shares issued[2]. - The cash dividend represents 100% of the total profit distribution amount, with no shares being issued as bonus shares[53]. Environmental and Social Responsibility - The company has passed the ISO14000 environmental management system audit and has been recognized as a green enterprise and a model for circular economy[65]. - The company has established emergency response plans for environmental incidents and conducts annual emergency drills to enhance employee preparedness[66]. - The company has actively engaged in social responsibility initiatives, donating 5 million yuan to establish a public welfare fund and supporting education for underprivileged students[71]. Corporate Governance - The company has committed to improving corporate governance and investor rights protection since its listing, ensuring transparent information disclosure[68]. - The company has not experienced any changes in its board of directors, supervisors, or senior management during the reporting period[52]. - The financial statements were approved by the board of directors on August 24, 2021, and are prepared based on the assumption of going concern[171][176]. Risks and Challenges - The company faces significant risks from raw material cost fluctuations, which impact operating costs and gross margins[46]. - The company has faced risks related to market competition, management capabilities, and raw material supply and price fluctuations[49][50]. Investments and Acquisitions - The company made a significant equity investment of ¥84,750,000 in its wholly-owned subsidiary, Duofu Duo (Kunming) Technology Development Co., holding a 100% stake[40]. - The company is establishing a joint venture with a total investment of RMB 600 million (approximately $93.3 million) for a lithium battery project, leveraging its own intellectual property and patented technology[86]. Stock and Share Capital - The company issued a total of 71,167,108 new shares during the reporting period, increasing the total share count from 695,000,481 to 766,167,589[99]. - The total share capital of the company as of June 30, 2021, was 766,167,589 shares, with 23.23% being restricted shares and 76.77% being unrestricted shares[167]. - The controlling shareholder, Mr. Li Shijiang, holds 87,481,960 shares, accounting for 11.42% of the total share capital[167].