SLSVC(SH:600123)2021-08-23 16:00Financial Performance - The company's operating revenue for the first half of 2021 reached ¥5,263,395,890.73, representing a 79.15% increase compared to ¥2,937,965,648.06 in the same period last year[12]. - Net profit attributable to shareholders of the listed company was ¥694,958,261.40, a significant increase of 374.43% from ¥146,482,613.22 in the previous year[12]. - The net profit after deducting non-recurring gains and losses was ¥738,078,078.82, up 411.26% from ¥144,363,993.76 year-on-year[12]. - The net cash flow from operating activities was ¥643,246,686.90, an increase of 435.69% compared to ¥120,077,495.86 in the same period last year[12]. - Basic earnings per share for the first half of the year reached 0.6083 RMB, a 374.49% increase compared to the same period last year[13]. - The total profit for the first half of 2021 was 914 million yuan, a significant increase of 355.75% compared to the previous year[31]. - The company achieved a total profit of 914 million RMB, representing a year-on-year increase of 355.75% due to increased sales volume and prices of coal, fertilizers, and chemicals[36]. Production and Sales - The company produced 5.4192 million tons of coal in the first half of 2021, representing a year-on-year growth of 28.58%[16]. - Urea production totaled 474,000 tons, with a year-on-year increase of 3.47%, while sales decreased by 2.83% to 462,700 tons[17]. - The coal sales volume reached 4.9771 million tons, showing a year-on-year increase of 27.43%[16]. - The production of caprolactam was 74,000 tons, with sales of 72,000 tons, marking a 69.34% increase in production and a 79.10% increase in sales year-on-year[32]. - The average selling price of urea peaked at 2,700 RMB/ton, marking a cumulative increase of approximately 1,000 RMB/ton in the first half of 2021[22]. - The average selling price of caprolactam was 11,489.83 yuan per ton, up 25.91% from 9,125.49 yuan per ton in the same period last year[32]. Assets and Liabilities - Total assets increased by 9.06% to ¥28,707,785,350.24 from ¥26,323,330,923.44 at the end of the previous year[12]. - The company's cash and cash equivalents at the end of the period amounted to 2.59 billion RMB, up 44.10% from the previous year[37]. - Current liabilities increased to CNY 12,044,180,120.87 from CNY 10,179,917,686.28, representing a growth of 18.3% year-over-year[96]. - Total liabilities amounted to CNY 12,549,547,572.57, an increase from CNY 10,863,889,899.08, which is a growth of 15.4%[98]. - The company's debt-to-asset ratio was reported at 59.40%, a slight increase of 0.91% from 58.49%[93]. Environmental Compliance - The company has highlighted potential risks related to safety, environmental protection, and market conditions in its management discussion and analysis section[3]. - The company has implemented measures to ensure that wastewater and waste gas pollutants are treated to meet standards before discharge[52]. - The company has not reported any exceedances in pollutant discharge for the first half of 2021, indicating effective compliance with environmental standards[55]. - The company has closed the Yanghua sub-company, which was previously listed as a major pollutant discharge unit[52]. - The company has invested in upgrading pollution control facilities, including desulfurization and denitrification systems for various boilers, ensuring stable compliance with emission standards[66]. Corporate Governance and Management - The company appointed a new Chief Chemical Engineer, Wang Xidong, as part of its management changes in 2021[50]. - The company has not disclosed any plans for profit distribution or capital reserve conversion during this reporting period[3]. - The company has not reported any major litigation or arbitration matters during the reporting period[76]. - The company has maintained effective environmental protection measures, ensuring compliance with administrative licensing requirements[74]. Investment and Financing - The company plans to invest 50 million RMB to increase the registered capital of Rizhao Lanhua Energy Co., Ltd. to expand market share[42]. - The company received approval for a short-term financing bond registration of up to CNY 2 billion, valid for two years from May 24, 2021[84]. - The company completed the acquisition of 30% equity in Hubei Lanhua for RMB 3 million and 6% equity from Xiantao Youth Investment Consulting for RMB 600,000[85]. - The company has provided a total guarantee of CNY 364.9 million to subsidiaries during the reporting period[82]. Risk Management - The company faced significant safety risks due to the hazardous nature of its coal and chemical industries, necessitating enhanced safety management systems[47]. - Environmental risks are increasing due to stricter regulations on pollution, which could adversely affect the company's operations if compliance is not maintained[48]. - The company anticipates market risks related to coal prices, which are highly correlated with macroeconomic conditions and may be affected by carbon reduction policies[48]. Research and Development - Research and development expenses amounted to ¥7,165,794.72, indicating continued investment in innovation[99]. - The company plans to continue expanding its market presence and investing in technology development to enhance its competitive edge in the coal and chemical industries[30].