Financial Performance - The company achieved a revenue of CNY 412,028,179.04 in the first half of 2024, representing a 1.96% increase compared to CNY 404,111,720.85 in the same period last year[12]. - The net profit attributable to shareholders reached CNY 50,439,958.38, marking a 23.26% increase from CNY 40,920,768.70 in the previous year[12]. - The gross profit margin improved to 20.64%, up from 15.66% in the same period last year[12]. - The company achieved operating revenue of 412.03 million yuan, representing a year-on-year growth of 1.96%[20]. - The net profit for the period was 50.44 million yuan, reflecting a year-on-year increase of 23.25%[20]. - The company's main business revenue grew by 2.51%, with significant contributions from nitric acid and potassium nitrate sales[29][33]. - Operating profit rose by 35.12% to ¥66,963,968.09, driven by increased sales volume and reduced material costs[26][28]. - The company's total equity reached ¥472,446,728.94, up from ¥430,739,719.62, indicating a growth of about 9.7%[70]. Assets and Liabilities - The total assets increased by 3.63% to CNY 686,525,981.72 compared to CNY 662,506,745.80 at the end of the previous year[13]. - Total assets as of June 30, 2024, amounted to 686.53 million yuan, with net assets attributable to shareholders of 472.44 million yuan[20]. - The company's total liabilities decreased to ¥201,590,705.21 from ¥207,359,353.96, a reduction of approximately 2.6%[66]. - The company's debt-to-asset ratio (consolidated) was 29.36%, a decrease from 31.30% in the previous year[13]. - Cash and cash equivalents increased by 239.90% compared to the previous year, primarily due to the redemption of purchased financial products[24]. - Fixed assets grew by 80.08% year-over-year, mainly due to the commissioning of a new 135,000-ton nitric acid production facility[24]. Investments and Subsidiaries - The company established a new subsidiary, Dier Energy Storage New Materials, which completed its business registration in April 2024[1]. - The company established a new subsidiary, Gansu Deer Energy Storage Materials Co., Ltd., which was registered on April 18, 2024, and is expected to enhance the company's strategic positioning in the molten salt energy storage sector[38]. - The company completed the absorption merger of its wholly-owned subsidiary, Shandong Wealth Chemical Co., Ltd., on July 26, 2024, which will not materially affect the company's financial status[37]. Research and Development - The company applied for and was granted three utility model patents in the first half of 2024, enhancing its innovation capabilities[1]. - Research and development expenses surged by 137.35% to ¥608,664.95, reflecting the company's increased investment in R&D[26][27]. - The company plans to increase R&D investment to enhance product quality and market competitiveness, aiming to mitigate risks from market competition and price fluctuations[43]. Cash Flow - The company’s net cash flow from operating activities was CNY 49,117,262.83[14]. - The net cash flow from operating activities for the reporting period was ¥49,117,262.83, an increase of 48.42% compared to the previous period's ¥33,094,265.83[34]. - The net cash flow from investing activities was ¥177,611,110.40, a significant change from the previous period's -¥85,618,605.32, reflecting a 307.44% increase due to the redemption of financial products and increased investment income[34]. - The net cash flow from financing activities was -¥19,988,021.50, down 115.79% from the previous period's ¥126,560,050.00, primarily due to the payment of dividends for the year 2023[34]. Risk Management - The company has established comprehensive emergency response plans for safety and environmental risks associated with its operations, including potential leaks and pollution incidents[44]. - The company has identified significant risks related to upstream raw material price volatility, particularly for liquid ammonia and potassium chloride, which are influenced by macroeconomic conditions[43]. - The company reported no significant changes in major risks during the reporting period, indicating stability in its risk management approach[44]. Shareholder Information - The total number of ordinary shares is 162,288,000, with 94,158,160 shares held by the top ten shareholders, accounting for 58.00% of total shares[51]. - The largest shareholder, Xingdi Er Holdings, holds 31,878,811 shares, representing 19.64% of total shares[51]. - The company distributed a cash dividend of CNY 3,245.76 million, amounting to CNY 2.00 per 10 shares[1]. Compliance and Certifications - The company has obtained ISO9001 and ISO14001 certifications, and its magnesium nitrate product has received EU REACH certification[20]. - The company has maintained compliance with environmental regulations and has obtained ISO14001 certification for its environmental management system[42]. Employee Information - The company recruited 20 young talents in the first half of 2024, emphasizing its commitment to employment and employee protection[41]. - The company has a total of 337 employees at the end of the reporting period, an increase of 19 employees from the beginning of the period[60].
迪尔化工(831304) - 2024 Q2 - 季度财报