HZIS(SH:600126)2021-08-20 16:00Financial Performance - The company's operating revenue for the first half of 2021 reached ¥25,460,097,617.78, representing an increase of 89.79% compared to the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥985,507,205.61, a significant increase of 159.24% year-on-year[17]. - The net profit after deducting non-recurring gains and losses was ¥960,878,422.47, up 173.25% from the previous year[17]. - The basic earnings per share for the first half of 2021 was ¥0.29, reflecting a growth of 163.64% compared to the same period last year[18]. - The total assets of the company at the end of the reporting period were ¥29,981,447,272.25, an increase of 7.65% from the end of the previous year[17]. - The net cash flow from operating activities was ¥1,346,459,725.20, down 27.81% compared to the same period last year[17]. - The weighted average return on net assets was 4.85%, an increase of 2.90 percentage points year-on-year[18]. - The company's net assets attributable to shareholders at the end of the reporting period were ¥19,892,737,517.07, a slight decrease of 0.17% from the previous year[17]. - The investment income increased by 65.14% to ¥161,971,260.02, compared to ¥98,082,916.40 in the previous year, mainly due to the transfer of equity in a subsidiary[30]. - The company reported a significant increase in investment income, which reached ¥161,971,260.02 compared to ¥98,082,916.40 in the previous year, reflecting a growth of about 64.5%[82]. Production and Operations - The company produced 226.65 thousand tons of hot-rolled coils, with a total production of 210.77 thousand tons of molten iron and 54.09 thousand tons of coke during the reporting period[26]. - The proportion of high-quality specialty products reached 54.6%, an increase of 6.8 percentage points compared to the previous year[26]. - Operating costs rose to ¥23,780,531,902.18, reflecting an increase of 85.87% from ¥12,794,213,505.02 year-on-year, primarily due to rising commodity prices and expanded trading operations[31]. - Research and development expenses amounted to 339 million RMB, reflecting a year-on-year growth of 112.32%[26]. - The company has implemented 14 out of 8 ultra-low emission projects, with the green intelligent transformation of the No. 2 blast furnace scheduled for completion in Q4 2021[26]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Hangzhou Ziheng Company and 51% equity in Ningbo Zida Logistics Company for a total of 95.81 million RMB[19]. - The company invested CNY 4.83 billion in equity investments, including 100% acquisition of a data company and 51% of a logistics company[37]. - The company also allocated CNY 6.52 billion for non-equity investments, focusing on technological upgrades and cloud computing projects[37]. - The company signed a land lease agreement with Hangang Group for 206,674 square meters of land for the Zhejiang Cloud Computing Data Center project, with annual rent for the northern land set at CNY 8.86 million[67]. Environmental and Safety Measures - The total nitrogen emissions decreased by 5.9% as part of the company's commitment to low-carbon development and environmental management[27]. - The company emphasizes safety production and environmental protection, implementing measures to mitigate risks associated with production safety and environmental compliance[43]. - The company has completed 14 out of 31 planned environmental protection projects, including 28 ultra-low emission transformation projects, with ongoing projects progressing as scheduled[48]. - The company has established a comprehensive pollution prevention facility, ensuring stable and efficient operation of environmental protection facilities, with regular inspections conducted[48]. Financial Position and Liabilities - The company's total liabilities reached ¥10,081,235,794.62 as of June 30, 2021, compared to ¥7,752,427,054.87 at the end of 2020, marking an increase of around 29.00%[77]. - The total equity attributable to shareholders was ¥19,892,737,517.07 as of June 30, 2021, slightly down from ¥19,927,397,023.73 at the end of 2020, showing a decrease of about 0.17%[77]. - The company's short-term borrowings increased to ¥180,000,000.00 as of June 30, 2021, from ¥50,000,000.00 at the end of 2020, reflecting a growth of 260.00%[76]. - The company has not provided any guarantees to related parties or entities with a debt ratio exceeding 70%[69]. Shareholder Information - The total number of shareholders as of the end of the reporting period was 54,299[70]. - The largest shareholder, Hangzhou Steel Group Co., Ltd., holds 1,527,508,156 shares, accounting for 45.23% of total shares[71]. - The company has not experienced any changes in its total share capital or share structure during the reporting period[70]. Compliance and Governance - The company has not faced any administrative penalties for environmental issues during the reporting period[52]. - The company has committed to avoiding direct or indirect competition with Hangzhou Iron & Steel Co., Ltd. and its subsidiaries, with measures in place to resolve any potential conflicts[55]. - The company has disclosed its daily related transactions in the 2021 annual report, ensuring transparency[61]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[103]. - The accounting policies comply with the requirements of the enterprise accounting standards, reflecting the company's financial position and operating results accurately[104]. - The company has not reported any significant changes in contract assets or impairment provisions during the reporting period[179].