GREAT RIVER SMARTER(SZ:002930)2021-08-17 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 536,101,398.05, representing a 61.19% increase compared to CNY 332,597,202.83 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was CNY 143,708,393.42, an increase of 66.67% from CNY 86,224,973.96 in the previous year[25]. - The net cash flow from operating activities reached CNY 379,826,577.39, up 93.58% from CNY 196,206,998.80 in the same period last year[25]. - Basic earnings per share increased to CNY 0.32, a rise of 68.42% compared to CNY 0.19 in the previous year[25]. - The total assets at the end of the reporting period were CNY 6,487,914,053.44, reflecting a 2.04% increase from CNY 6,358,418,564.55 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company were CNY 2,184,291,108.01, up 1.31% from CNY 2,156,064,794.52 at the end of the previous year[25]. - The weighted average return on net assets was 6.51%, an increase of 1.92% compared to 4.59% in the previous year[25]. - The net profit after deducting non-recurring gains and losses was CNY 139,819,970.61, which is a 65.71% increase from CNY 84,378,654.80 in the previous year[25]. Revenue Composition - The overall operating revenue composition shows that storage and transfer services accounted for 96.43% of total revenue, indicating a strong focus on this segment[67]. - The company's total revenue for the reporting period reached CNY 516,953,791.53, representing a year-on-year increase of 65.53%[70]. - The tank integrated service revenue was CNY 482,099,424.45, with a growth of 61.09% compared to the same period last year[70]. - The logistics chain management service revenue decreased by 43.31% year-on-year, primarily due to fluctuations in customer demand[70]. - The smart customer service revenue surged by 336.01% year-on-year, attributed to market expansion and improved service quality[70]. - The revenue from chemical warehouse integrated services was CNY 22,441,590.13, marking an 18.91% increase year-on-year[70]. Investment and Acquisitions - The company achieved a net profit of 42.94 million yuan from the acquisition of Changzhou Hongchuan and Changshu Hongchuan, representing a year-on-year increase of 186.03%[48]. - The company made a significant equity investment of ¥65,000,000 in Nantong Hongzhi, acquiring a 100% stake in petrochemical storage services[81]. - The company also acquired a 30.4% stake in Changjiang Petrochemical for ¥252,160,050, with the equity transfer completed[81]. - Total equity investments during the reporting period amounted to ¥317,160,050, with a reported gain of ¥3,314,182.13 from these investments[81]. - The company is actively expanding its market presence through strategic acquisitions and new projects[178]. Research and Development - Research and development expenses surged by 366.32% to ¥5,331,323.05 from ¥1,143,278.10, aimed at enhancing safety production management and environmental protection measures[67]. - The company has obtained 54 patents, including 5 invention patents and 49 utility model patents, along with 16 software copyrights[56]. Environmental Compliance - The company has established a comprehensive safety management system, including ISO certifications and regular safety drills, to mitigate operational risks[94]. - The company has implemented measures to ensure compliance with environmental protection standards, including the treatment of wastewater and emissions[115]. - The company reported a non-methane total hydrocarbon emission of 1.88 mg/m³ at the internal site and 1.16 mg/m³ at the upwind reference point[117]. - The company has implemented a Leak Detection and Repair (LDAR) program to monitor and control volatile organic compound emissions[117]. - The company reported no administrative penalties due to environmental issues during the reporting period[130]. Shareholder and Management Changes - The company held four shareholder meetings during the reporting period, with participation rates ranging from 10.68% to 65.15%[97]. - The company appointed new management, including a chairman and general manager, during the board restructuring on June 18, 2021[98]. - The actual controller and chairman Lin Haichuan increased his shareholding by acquiring 1,999,953 shares, representing 0.45% of the total share capital[175]. Stock Options and Incentives - In the 2019 stock option and restricted stock incentive plan, the company granted 985,000 stock options to 65 eligible participants, and 500,000 restricted stocks to 8 eligible participants[103]. - For the 2020 stock option incentive plan, the company granted 10 million stock options to 87 eligible participants, which was reduced by 46,800 due to one participant's resignation[108]. - The company implemented a new stock option incentive plan in April 2021, granting 10 million stock options to 119 eligible participants[109]. - The company’s management has implemented stock incentive plans to align executive interests with shareholder value[188]. Financial Stability - The company has no overdue amounts in entrusted financial management, indicating a stable financial position[170]. - The company has not provided guarantees to shareholders or related parties, maintaining a conservative financial strategy[168]. - The company reported no significant non-equity investments or securities investments during the reporting period[82][85]. - The company did not experience any major litigation or arbitration matters during the reporting period[146].