Company Operations - SIIC Environment Holdings Ltd. operates over 200 water treatment and supply projects, 8 waste incineration projects, and 11 sludge treatment projects across 19 municipalities and provinces in China[10]. - The company aims to expand its market share and consolidate its leading position in China's water and environmental protection industry[11]. - SIIC Environment is committed to exploring opportunities in industrial wastewater treatment, seawater desalination, and renewable energy[11]. - The company has shown tremendous growth and continues to increase its market share in China's environmental sector[9]. - The company is actively involved in the construction and operation of wastewater treatment facilities, contributing to environmental sustainability efforts in the regions it serves[21][22]. - The company is focused on upgrading water quality standards, with several projects meeting Class I and Superior Class I standards[21][22]. - The company is expanding its market presence with multiple wastewater treatment projects across Guangdong province, including the Pinghu WWTP Project with a daily capacity of 25,000 tonnes[22]. - The company is leveraging government partnerships for project upgrades and expansions, enhancing its operational capabilities[21][22]. Financial Performance - The Group's revenue increased from RMB2,639.6 million in 1HFY2020 to RMB3,300.0 million in 1HFY2021, representing a growth of 25.0%[52]. - Gross profit rose from RMB915.8 million in 1HFY2020 to RMB1,157.8 million in 1HFY2021[52]. - Profit for the period amounted to RMB529.0 million, up 35.2% compared to 1HFY2020[52]. - Profit after tax attributable to owners increased from RMB281.2 million in 1HFY2020 to RMB332.7 million in 1HFY2021, an increase of 18.3%[52]. - The total comprehensive income for the period was RMB 567,974,000, compared to RMB 354,700,000 in 2020, indicating an increase of approximately 60%[168]. - Basic earnings per share for the period was 12.86 RMB cents, up from 10.81 RMB cents in the same period last year, representing a growth of approximately 19%[166]. Assets and Liabilities - Current assets as of June 30, 2021, amounted to RMB7.11 billion, up from RMB6.73 billion at the end of 2020, primarily due to higher trade receivables[75]. - Non-current assets reached RMB 28.9 billion as of June 30, 2021, up from RMB 28.02 billion as of December 31, 2020, mainly due to the construction of several wastewater treatment and solid waste power generation projects[79]. - Current liabilities decreased to RMB 8.07 billion as of June 30, 2021, from RMB 8.89 billion as of December 31, 2020, due to loan restructuring efforts[80]. - Non-current liabilities increased to RMB 14.48 billion as of June 30, 2021, from RMB 12.84 billion as of December 31, 2020, primarily due to the issuance of Panda Bonds[80]. - Total equity attributable to owners of the Company was RMB 9,147,358 as of June 30, 2021, an increase from RMB 8,927,774 as of December 31, 2020[95]. Capital Management - The Group's capital management aims to maintain a robust capital ratio relevant to its industry to support business operations and maximize shareholder value[94]. - The Group is monitoring market conditions and funding requirements regularly to optimize its capital structure as needed[89]. - The gearing ratio as of June 30, 2021, was approximately 1.46, compared to 1.41 as of December 31, 2020, indicating a slight increase in leverage[129][130]. Governance and Compliance - The Group has complied with the Singapore Code of Corporate Governance 2018 and the HK CG Code throughout the six months ended June 30, 2021, with exceptions disclosed in the Annual Report FY2020[141]. - The Company has adopted a Code of Best Practices for directors' securities transactions, ensuring compliance with the SGX-ST Listing Manual and Model Code[142]. - The Audit Committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2021[143]. Employee Information - Total employee benefits expenses for the six months ended June 30, 2021, were approximately RMB322.9 million, an increase from RMB296.7 million for the same period in 2020[121]. - As of June 30, 2021, the company had a total of 6,283 employees, an increase from 6,024 employees as of June 30, 2020[123]. Strategic Initiatives - The Group is closely monitoring opportunities from the national carbon emissions trading market and wastewater treatment policies during the "14th Five-Year Plan" to enhance its business in environmental protection technology[162]. - The Group aims to accelerate its deployment in the environmental protection technology sector to promote sustainable development and integration of industry and finance[162]. - The National Development and Reform Commission plans to add 20 million cubic meters of wastewater treatment capacity per day during the 14th Five-Year Plan[157].
上海实业环境(00807) - 2021 - 中期财报