2018-08-22 16:00Financial Performance - Net profit attributable to shareholders for the first half of 2018 was RMB 12.94 billion, representing a 92.68% increase year-on-year[18]. - Operating revenue for the first half of 2018 was RMB 45.74 billion, up 43.36% from the same period in 2017[18]. - Basic earnings per share for the first half of 2018 were RMB 2.44, a 92.68% increase from RMB 1.27 in the same period of 2017[18]. - The company's operating profit rose by 89.78% year-on-year, while total profit increased by 86.71%[38]. - The total profit for the six months was RMB 17,185,657,196, which is an increase of 86.5% from RMB 9,204,536,860 in the same period of 2017[165]. - The total comprehensive income for the period was RMB 13,237,590,459, compared to RMB 6,765,468,024 in 2017, indicating an increase of about 95.5%[167]. - The net profit after deducting non-recurring gains and losses was RMB 12.74 billion, reflecting a 148.76% increase year-on-year[18]. Assets and Liabilities - Total assets as of June 30, 2018, reached RMB 124.33 billion, an increase of 1.79% compared to the beginning of the year[18]. - The company reported a total liability reduction of 15.83%, decreasing from CNY 30.45 billion to CNY 25.63 billion[21]. - Total liabilities decreased from RMB 30.18 billion as of December 31, 2017, to RMB 25.38 billion as of June 30, 2018, a reduction of approximately 15%[153]. - Shareholders' equity attributable to the listed company reached CNY 95.92 billion, up 7.28% year-on-year, with a net asset value per share of CNY 18.10, an increase of CNY 1.23 per share[47]. Cash Flow - The net cash flow from operating activities for the first half of 2018 was RMB 11.95 billion, a significant increase of 136.70% compared to the previous year[18]. - Cash flow from operating activities was RMB 11,946,486,450, significantly higher than RMB 5,047,043,412 in the same period last year, representing an increase of about 136.5%[174]. - The ending cash and cash equivalents balance as of June 30, 2018, was CNY 7,294,671,359, down from CNY 3,835,965,296 at the end of June 30, 2017[181]. Market and Production - The company’s clinker production capacity reached 248 million tons, while cement production capacity was 344 million tons as of the reporting period[30]. - The net sales volume of cement and clinker was 143 million tons, a year-on-year increase of 6.87%, with self-produced sales volume at 137 million tons[34]. - Revenue from the eastern region increased by 53.37%, while the central region saw a 42.99% increase, both benefiting from significant sales price increases[36]. - The cement industry saw a nationwide production of approximately 997 million tons in the first half of 2018, a slight decrease of 0.6% year-on-year[23]. Environmental Compliance - The company reported a total of 1,188 and 2,375 for sulfur dioxide emissions at the kiln tail, with limits set at 200 and 400 respectively[91]. - Nitrogen oxide emissions at the kiln tail were recorded at 2,241 and 6,150, exceeding the regulatory limit of 400[91]. - The company is focused on improving compliance with GB4915-2013 standards across all plants[91]. - The company plans to enhance its emission control technologies to meet stricter environmental regulations[91]. - The company has set a target to reduce nitrogen oxide emissions by 20% over the next fiscal year, aligning with sustainability goals[92]. Investments and Acquisitions - The company established a joint venture in February 2018 with Victori International Pte. Ltd., contributing $22 million for a 55% stake in Wuhu Southeast Asia International Trade Co., Ltd., with a total registered capital of $40 million[57]. - The company plans to continue its international development strategy, focusing on projects in Laos, Myanmar, Russia, and Uzbekistan, while also seeking domestic acquisition opportunities[54]. - The company is exploring potential acquisitions to strengthen its market position and expand its operational footprint[91]. Shareholder Information - As of the end of the reporting period, the company had 144 wholly-owned subsidiaries, 6 joint ventures, and 2 associated companies, with no single subsidiary's net profit impacting the company's net profit by more than 10%[62]. - The largest shareholder, Conch Group, holds 1,928,870,014 shares, representing 36.40% of total shares[112]. - The total number of issued shares remains unchanged at 5,299,302,579, with A-shares at 3,999,702,579 (75.48%) and H-shares at 1,299,600,000 (24.52%)[112]. Corporate Governance - The company has established an audit committee to oversee financial reporting processes and internal controls, ensuring compliance with applicable regulations[68]. - The company has adopted a behavior code for securities transactions that meets or exceeds the standards set by the stock exchange[127]. - The company has complied with the relevant provisions of the corporate governance code during the reporting period[126].