XSS(SH:600117)2021-08-19 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥5,852,287,619.38, representing a 38.44% increase compared to ¥4,227,308,846.00 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was -¥96,660,153.78, a decrease of 509.04% from a profit of ¥23,631,010.18 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥97,389,027.41, improving by 60.06% from -¥243,809,090.36 in the same period last year[24]. - The net cash flow from operating activities was ¥535,934,668.55, an increase of 210.17% compared to ¥172,789,798.74 in the previous year[24]. - The company reported a basic and diluted earnings per share of -0.09 CNY, a decrease of 550% compared to the same period last year[26]. - The net profit attributable to the parent company was -96.66 million CNY, a decline of 509.04% compared to the previous year, primarily due to changes in government subsidies and minority interests[30]. - The gross profit margin for the period was impacted by rising production costs, with operating costs increasing by 37.93% to 5.19 billion CNY[30]. - The company achieved a total revenue of approximately CNY 5.85 billion in the reporting period, representing a 38.44% increase compared to CNY 4.23 billion in the same period last year[46]. Assets and Liabilities - The total assets at the end of the reporting period were ¥19,863,130,644.07, a decrease of 3.05% from ¥20,487,202,136.99 at the end of the previous year[24]. - The total current assets as of June 30, 2021, amounted to CNY 6,415,317,032.91, a decrease of 6.2% from CNY 6,838,012,483.79 as of December 31, 2020[116]. - Total liabilities as of June 30, 2021, were CNY 12,886,828,678.95, down from CNY 13,447,945,286.64, a decrease of 4.2%[119]. - The total equity attributable to shareholders of the parent company was CNY 1,358,681,841.17, down from CNY 1,448,416,649.56, showing a decline of about 6.2%[121]. - The total liabilities amounted to CNY 14,982,448,645.20, a decrease from CNY 15,535,652,126.60 in the previous period, reflecting a reduction of approximately 3.5%[121]. Research and Development - Research and development expenses increased by 188.82% to 141.66 million CNY, reflecting the company's focus on improving product quality and optimizing production processes[30]. - The company reported a 188.82% increase in R&D expenses, totaling approximately CNY 141.66 million, aimed at improving product quality and optimizing production processes[46]. Environmental Compliance - The company maintained a 100% compliance rate for pollutant emissions, meeting national standards throughout the reporting period[43]. - The company achieved compliance with national pollution discharge standards for all monitored pollutants during the reporting period[60]. - The company has constructed over 50 pollution control facilities and a wastewater treatment center with a daily capacity of 20,000 tons, achieving 100% recycling of treated wastewater[68]. - The company has maintained compliance with national emission standards for 15 consecutive years and has obtained ISO14001 environmental management system certification[68]. - The company achieved a compliance rate of 100% across various monitored pollutants, demonstrating effective environmental management practices[65]. Investments and Financing - The total investment amount during the reporting period was 19,000,000 CNY, an increase of 9,000,000 CNY compared to the previous year's investment of 10,000,000 CNY[50]. - The company has provided guarantees totaling ¥47,000,000 to subsidiaries during the reporting period, with no outstanding guarantees at the end of the period[100]. - The company has borrowed ¥33,500,000 from Qinghai Provincial State-owned Assets Investment Management Co., Ltd., with the same amount recorded as cumulative transactions[94]. - The company has engaged in significant related transactions with various parties, including sales and purchases of products and services, totaling millions in transactions[90]. Shareholder Information - The company has a total of 56,777 common stock shareholders at the end of the reporting period[104]. - The largest shareholder, Xining Special Steel Group Co., Ltd., holds 369,669,184 shares, accounting for 35.37% of the total shares, with 180,460,000 shares pledged[104]. - The company has not reported any changes in the controlling shareholders or actual controllers during the reporting period[110]. Risk Management - The company has detailed the risks faced in the management discussion and analysis section of the report[10]. - The company continues to face economic, industry, financial, and environmental risks, as noted in the report[53]. - The company has identified environmental risk sources and developed emergency response plans to handle potential environmental incidents[72]. Corporate Governance - The financial statements were approved by the board of directors on August 19, 2021, ensuring compliance with accounting standards[180]. - The company operates under the assumption of going concern, with no significant doubts about its ability to continue operations[181]. - The company confirmed that its financial statements comply with accounting standards, reflecting a true and complete picture of its financial status[189].