CRCH(SH:600636)2017-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2017 was ¥2,882,245,662.82, representing a 24.92% increase compared to ¥2,307,342,738.05 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2017 was ¥105,199,820.22, a significant increase of 139.73% from ¥43,882,014.64 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥121,154,008.54, which is a 199.01% increase compared to ¥40,518,329.03 in the same period last year[17]. - The total profit reached 227 million RMB, up 125% compared to the previous year[34]. - The company achieved a total profit increase due to the recovery in the fluorochemical industry, leading to higher product gross margins[35]. - Revenue increased by 30.36% to 109,949,000 CNY in the first half of 2017, with net profit rising by 92.33% to 21,730,000 CNY[42]. - The total comprehensive income attributable to the parent company's owners was CNY 105,199,820.22, compared to CNY 43,882,014.64 in the previous year, showing an increase of approximately 139.5%[88]. Cash Flow and Financial Position - The net cash flow from operating activities decreased by 75.43% to ¥32,948,204.65 from ¥134,086,947.83 in the previous year[17]. - The company's cash and cash equivalents increased to ¥768,005,260.79 from ¥286,824,969.50, representing a growth of approximately 168.8%[79]. - The company’s cash flow from financing activities surged by 306.03% to 661 million RMB, indicating strong financial support[34]. - Cash flow from operating activities generated a net inflow of CNY 32,948,204.65, a decrease from CNY 134,086,947.83 in the same period last year[93]. - The cash flow from investing activities resulted in a net outflow of CNY 211,883,282.11, compared to a net outflow of CNY 204,019,031.10 in the previous year[93]. - The total liabilities increased to ¥1,745,445,377.45, up from ¥1,029,020,550.58, reflecting a growth of approximately 69.5%[80]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,049,187,695.20, reflecting a 21.41% increase from ¥4,158,912,471.92 at the end of the previous year[17]. - The net assets attributable to shareholders increased by 4.22% to ¥2,584,032,319.10 from ¥2,479,430,582.59 at the end of the previous year[17]. - Current liabilities rose to ¥1,691,945,377.45 from ¥993,520,550.58, which is an increase of approximately 70.4%[80]. - Short-term borrowings increased significantly to ¥907,007,900.78 from ¥399,800,106.77, representing a growth of about 126.5%[80]. Research and Development - Research and development expenses increased by 33.52% to 65 million RMB, reflecting a commitment to innovation[34]. - The company applied for 5 invention patents and 1 PCT patent in the first half of 2017, enhancing its technological capabilities[43]. - The company is focusing on technology advancement through process optimization, safety improvements, and new product development[45]. Environmental and Social Responsibility - The company reported a total investment of 33.53 million yuan in environmental protection facilities and waste treatment during the reporting period[64]. - The company achieved a VOCs leakage rate reduction from 0.9308% to 0.09%, with a successful repair rate of 90.45% and an annual reduction of 22.966 tons[66]. - The company has not reported any environmental violations during the reporting period, adhering to all relevant laws and regulations[63]. Corporate Governance and Management - The company appointed Liu Wenjie as the new general manager during the reporting period[76]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[4]. - There were no major litigation or arbitration matters during the reporting period[56]. Accounting Policies and Financial Reporting - The company has not experienced any changes in accounting policies or significant accounting errors during the reporting period[67]. - The company adheres to the enterprise accounting standards, ensuring that its financial statements accurately reflect its financial position and operating results[115]. - The company has not made any significant changes to its important accounting policies or estimates[198].