Financial Performance - The company's operating revenue for the first half of the year reached ¥10,333,522,065.37, an increase of 3.89% compared to ¥9,946,610,462.50 in the same period last year[13]. - The net profit attributable to shareholders of the listed company was ¥3,365,857.05, a significant increase of 102.35% compared to a loss of ¥143,153,691.94 in the previous year[13]. - The net cash flow from operating activities was -¥613,619,819.31, improving by 60.84% from -¥1,566,940,887.41 in the same period last year[13]. - The basic earnings per share for the reporting period was -¥0.01, an improvement of 85.71% from -¥0.07 in the previous year[14]. - The total assets of the company increased by 1.49% to ¥55,328,652,326.85 from ¥54,514,024,346.55 at the end of the previous year[12]. - The net assets attributable to shareholders of the listed company decreased slightly by 0.24% to ¥8,711,902,840.15 from ¥8,733,074,246.26[12]. - The weighted average return on net assets was -0.39%, an increase of 2.16 percentage points compared to -2.55% in the previous year[14]. - The company reported a total comprehensive income of RMB 31,148,908.85 for the first half of 2021, compared to a loss of RMB 59,267,408.90 in the same period of 2020[161]. Risk Management - The company faces several risks including overseas operational risks, PPP business risks, cash flow risks, business structure and transformation risks, and personnel health risks[4]. - The company emphasizes the importance of risk management and has established a risk management committee[6]. - The company continues to focus on improving operational efficiency and exploring new market opportunities[16]. - The company is transitioning to new business models such as PPP and overseas engineering contracting, facing challenges like talent shortages and supply chain issues[71]. - The company aims to enhance its risk management in areas such as epidemic prevention, safety, and environmental protection to support high-quality development[36]. Corporate Governance - The company has maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange rules throughout the first half of 2021[81]. - The audit committee reviewed and confirmed the company's interim results for the six months ending June 30, 2021, ensuring compliance with applicable accounting standards[85]. - The company has three independent non-executive directors, ensuring adequate professional qualifications and expertise in financial management[83]. - The company’s governance structure includes effective checks and balances among the shareholders' meeting, board of directors, supervisory board, and senior management[81]. - The company’s extraordinary general meeting and annual general meeting were convened in accordance with relevant laws and regulations[77]. Shareholder Information - The total share capital of the company as of June 30, 2021, was RMB 2,959,066,667, divided into 2,959,066,667 shares with a par value of RMB 1.00 each[123]. - China Aluminum Group Co., Ltd. holds 2,176,758,534 shares, representing 73.56% of the total issued shares, making it the largest shareholder[128]. - The top ten shareholders collectively hold 77.16% of the company's total share capital, including shares held indirectly through subsidiaries[131]. - The company has not experienced any changes in its share capital structure during the reporting period[124]. - The company has not identified any related party relationships or concerted actions among its shareholders[131]. Environmental Protection - In the first half of 2021, the company maintained a good overall environmental protection situation, with no sudden environmental incidents and no major administrative penalties for environmental protection[89]. - The company has implemented a "one post, dual responsibility" safety and environmental protection responsibility list, promoting accountability in environmental protection across all departments[91]. - The company has actively promoted the research and application of environmental protection technologies, enhancing its capabilities in ecological and environmental protection[91]. - The company has strengthened control over noise, wastewater, waste, dust, and exhaust during project construction, complying with local government requirements for environmental protection equipment[89]. - The company has adhered to national environmental laws and regulations, continuously advancing its environmental protection work[88]. Research and Development - The company has accumulated nearly 2,300 domestic patents and 186 international patents, reflecting its strong R&D capabilities[27]. - Research and development expenses for the first half of 2021 amounted to RMB 182 million, an increase of RMB 19 million compared to the previous year[43]. - The company reported an investment income for the first half of 2021 of RMB 288,295,920.40, significantly higher than RMB 122,338,531.77 in the same period of 2020[163]. - The company experienced a decrease in financial expenses, with interest expenses at RMB 269,718,058.48, down from RMB 310,655,807.61 in the previous year[160]. Financial Transactions - The company reported a total deposit balance of RMB 2,201,547,211.00, down from RMB 2,759,608,747.00, reflecting a decrease of approximately 20.2% during the period[115]. - The total loan balance increased to RMB 3,130,000,000.00, up from RMB 1,275,000,000.00 at the beginning of the period, indicating a growth of approximately 145.5%[116]. - The company provided guarantees totaling RMB 9,828,575,000.00, which accounts for 112.82% of the company's net assets[121]. - The company has a total of RMB 5,833,000,000.00 in guarantees for subsidiaries at the end of the reporting period[121]. - The company’s financial transactions with related parties have not significantly impacted its operational results or financial status[113].
中铝国际(02068) - 2021 - 中期财报