中集安瑞科(03899) - 2021 - 中期财报

Financial Performance - Revenue for the six months ended June 30, 2021, reached RMB 7,940,016 thousand, representing a 49.3% increase compared to the previous period[6] - Gross profit rose to RMB 1,180,601 thousand, a 56.0% increase from RMB 756,927 thousand[6] - Operating profit increased by 78.6% to RMB 513,960 thousand from RMB 287,778 thousand[6] - Net profit attributable to equity holders was RMB 383,411 thousand, up 77.5% from RMB 215,993 thousand[6] - Basic and diluted earnings per share increased to RMB 0.195, a rise of 78.9% from RMB 0.109[6] - Net profit for the period was RMB 386,305 thousand, which is a 88.1% increase from RMB 205,230 thousand in the prior year[11] - Total comprehensive income for the period reached RMB 441,673 thousand, significantly higher than RMB 188,391 thousand in the previous year[12] - The reported segment profit for the first half of 2021 was RMB 544,763 thousand, up 76.5% from RMB 308,332 thousand in the first half of 2020[37] - The company reported a net profit before tax of RMB 484,275 thousand for the first half of 2021, compared to RMB 268,403 thousand for the same period in 2020, marking an increase of 80.4%[37] Assets and Liabilities - Total assets increased to RMB 17,627,726 thousand, up 9.7% from RMB 16,074,720 thousand as of December 31, 2020[5] - Total liabilities as of June 30, 2021, were RMB 9,801,646 thousand, which is an increase of 13.9% from RMB 8,603,362 thousand at the end of 2020[37] - The debt-to-equity ratio increased to 16.6%, up from 13.6%[5] - The company’s total liabilities decreased to RMB 4,735,553 thousand as of June 30, 2021, from RMB 4,608,613 thousand at the beginning of the year[18] - The company’s total assets as of June 30, 2021, were RMB 7,613,155 thousand, compared to RMB 7,280,076 thousand at the beginning of the year[18] Cash Flow - Cash and cash equivalents decreased to RMB 2,130,233 thousand, down 16.8% from RMB 2,560,890 thousand[5] - The net cash used in operating activities for the six months ended June 30, 2021, was RMB (240,180) thousand, compared to RMB 272,276 thousand for the same period in 2020[20] - The net cash generated from financing activities was RMB 127,414 thousand, a significant improvement from the net cash used of RMB (217,585) thousand in the previous year[20] - The company reported a net cash outflow of RMB 29,672,000 from the acquisitions after accounting for cash held by the acquired subsidiaries[81] Segment Performance - Revenue from external customers for the clean energy segment reached RMB 4,452,048 thousand for the six months ended June 30, 2021, compared to RMB 2,993,243 thousand for the same period in 2020, marking an increase of about 48.73%[34] - The chemical environment segment reported revenue of RMB 1,609,975 thousand for the first half of 2021, up from RMB 1,097,981 thousand in the same period of 2020, which is an increase of approximately 46.49%[34] - The liquid food segment generated revenue of RMB 1,457,118 thousand for the six months ended June 30, 2021, compared to RMB 1,021,611 thousand in the same period of 2020, representing an increase of around 42.73%[34] Research and Development - Research and development costs for the first half of 2021 were RMB 196,686 thousand, which is a 51.0% increase from RMB 130,088 thousand in the same period of 2020[44] - The company is focusing on R&D in hydrogen energy equipment and applications, achieving major advancements in the field[102] Shareholder Information - As of June 30, 2021, the major shareholder China International Marine Containers (Group) Co., Ltd. holds 67.80% of the issued share capital[115] - The company aims to incentivize senior management and core personnel through a restricted share reward plan, with a maximum of 50,000,000 shares available[122] Corporate Governance - The company has complied with all provisions of the Corporate Governance Code as of June 30, 2021[130] - The Audit Committee, consisting of four independent non-executive directors, reviewed the unaudited interim financial report for the six months ended June 30, 2021[131] Market Outlook - The outlook for LNG storage and transportation equipment and end-user markets is expected to continue growing, driven by national carbon reduction policies and increasing demand for cleaner energy[99] - The clean energy segment is expected to benefit from the growing demand for LNG-powered vessels, with a forecast of approximately 7,000 LNG-powered ships globally by 2030[100]