ZJJH(600160)2021-08-25 16:00Financial Performance - The company reported no profit distribution or capital reserve transfer to increase share capital during the reporting period[5]. - The company achieved operating revenue of 8.184 billion yuan, a year-on-year increase of 14.22%, with main business revenue of 6.669 billion yuan, up 21.80%[30]. - The net profit attributable to shareholders of the listed company reached ¥104,059,421.78, a significant increase of 644.15% year-on-year[25]. - The company reported a significant increase in revenue, driven by strong demand for its refrigerants, with a year-over-year growth of 15%[14]. - Future outlook remains positive, with projected revenue growth of 10% for the next fiscal year, supported by ongoing market expansion efforts[14]. - The company reported a net profit of ¥57,681,052.69 after deducting non-recurring gains and losses, which is not applicable for year-on-year comparison[25]. - The company's operating revenue for the first half of 2021 was ¥8,184,390,016.02, representing a 14.22% increase compared to the same period last year[25]. - The total profit reached 137 million yuan, representing a year-on-year growth of 157.54%, while the net profit attributable to shareholders was 104 million yuan, an increase of 644.15%[30]. - The company reported a significant increase in the production of key chemical products, including cyclohexanone, which is essential for nylon and other industrial applications[17]. - The company reported a net loss of ¥323,969,529.72 during the first half of 2021, indicating a challenging financial environment[155]. Compliance and Regulatory Matters - The company has outlined its compliance with the Montreal Protocol and its amendments regarding the reduction of hydrofluorocarbons[11]. - The company is committed to adhering to environmental regulations regarding the production and consumption of ozone-depleting substances[12]. - The management emphasizes the importance of adhering to regulatory decision-making procedures in providing guarantees[6]. - The company is exposed to risks from rising environmental standards, which may impact operational performance due to increased compliance costs and potential equipment obsolescence[83]. - The company has implemented online monitoring for wastewater and waste gas emissions from its key pollutant discharge units[94]. - The company reported no exceedance of pollutant discharge standards across its key pollutant discharge units[95]. - The company has established emergency response plans for environmental incidents and filed them with the local ecological environment bureau[100]. - The company received environmental impact assessment approvals for four projects, including a 400,000 tons/year sodium expansion project[99]. Research and Development - The company is investing in research and development for new chemical products to enhance its product portfolio and meet market demands[13]. - The company is focusing on the development of new refrigerants that serve as alternatives to traditional ones, contributing to environmental sustainability[13]. - The company is actively involved in the production of PVC plastic through the polymerization of VCM, which is a key raw material[12]. - The company has established a comprehensive R&D system, including a national-level enterprise technology center and various research institutes, enhancing its innovation capabilities[34]. - The company's R&D expenses increased by 61.13% to approximately ¥259 million, reflecting a focus on innovation and high-end product development[67]. - The company is focusing on expanding its product offerings in high-performance materials, particularly in the lithium-ion battery sector, where PVDF is a key raw material[15]. Market Expansion and Strategy - The company is exploring new strategies for market expansion and product development in response to regulatory changes and market demands[12]. - The company plans to expand its market presence in the fluorochemical sector, targeting growth in both domestic and international markets[13]. - Market expansion strategies include targeting emerging markets, which are anticipated to contribute an additional 5% to overall revenue growth[14]. - The company is exploring potential mergers and acquisitions to strengthen its position in the refrigerant market and diversify its product offerings[14]. - The company is strategically positioning itself for future growth through potential mergers and acquisitions in the specialty materials sector[15]. - The company aims to enhance its market share in fluorinated chemical products and improve competitiveness through digital transformation and green development strategies[64]. Environmental Responsibility - The company is committed to sustainability and is actively working on developing eco-friendly materials and processes[15]. - The company aims for "zero loopholes, zero accidents, and zero injuries" in its environmental management strategy[98]. - The company has actively engaged in environmental protection initiatives, including zero direct discharge of wastewater and air quality monitoring[108]. - The company reduced water, coal, electricity, and steam consumption per ten thousand industrial added value by 51.2%, 41.3%, 43.0%, and 45.3% year-on-year, respectively, resulting in a total reduction of 1.56 million tons of carbon dioxide emissions[109]. - The company is focused on green development and optimizing its operations in response to national carbon neutrality goals, which may impose stricter production regulations[88]. Financial Position and Assets - The total assets of the company at the end of the reporting period were ¥16,097,021,541.46, an increase of 2.58% from the previous year[25]. - The company's total liabilities at the end of the reporting period were approximately 2,549,274,000.00[150]. - The company's total equity decreased by approximately 450,725,930.00 compared to the previous period[150]. - The company's cash and cash equivalents decreased by 19.69% to ¥1,346,945,130.58, accounting for 8.37% of total assets[69]. - The company reported a total asset value of CNY 13,975,607,789.82 as of June 30, 2021[130]. - The company's equity attributable to shareholders was CNY 6,475,607,789.82 as of June 30, 2021[130]. Risks and Challenges - The company faces risks from the ongoing uncertainty of the COVID-19 pandemic, which may adversely affect its supply chain and normal operations[83]. - The company is at risk from rising prices of key raw materials and energy, which could negatively impact its operating results[85]. - The company anticipates challenges from rising raw material costs and intensified competition in the HFCs market, impacting future performance[64]. - The company acknowledges the cyclical nature of the chemical industry, which may lead to price volatility and potential adverse effects on financial performance if supply exceeds demand[84]. Corporate Governance - The board of directors confirmed that all members attended the board meeting, ensuring the authenticity and completeness of the semi-annual report[4]. - The company appointed Zhou Li Yang as the chairman of the board and elected Li Jun as a director in 2021[91]. - The company has not reported any significant changes in its registered address or office address during the reporting period[21]. - The company has not reported any significant contracts or other major matters during the reporting period[124].