AXNMC(SH:600255)2022-08-15 16:00Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,646,502,835.35, representing a 5.61% increase compared to CNY 1,559,084,625.14 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 62,823,719.16, a significant increase of 41.57% from CNY 44,375,126.22 in the previous year[19]. - The net cash flow from operating activities was CNY 193,871,249.98, a turnaround from a negative cash flow of CNY -32,650,560.71 in the same period last year[19]. - The total assets at the end of the reporting period were CNY 3,689,694,569.24, reflecting a 9.64% increase from CNY 3,365,324,002.70 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased by 7.68% to CNY 1,355,831,018.30 from CNY 1,259,184,954.56 at the end of the previous year[19]. - The basic earnings per share for the first half of 2022 was CNY 0.03, up from CNY 0.02 in the same period last year[20]. - The weighted average return on net assets increased by 1.19 percentage points to 4.87% from 3.68% in the previous year[20]. - The company reported a significant decrease of 70.34% in net profit after deducting non-recurring gains and losses, amounting to CNY 12,512,827.74 compared to CNY 42,190,933.63 in the previous year[19]. Revenue and Costs - The increase in revenue and costs is primarily attributed to the rise in metal prices compared to the same period last year[31]. - Operating costs rose to CNY 1,475,812,674.19, reflecting a 9.45% increase from CNY 1,348,400,141.84 year-on-year[33]. - The company achieved a main business revenue of CNY 1,646.50 million, representing a year-on-year growth of 5.61%[29]. Research and Development - The company has strengthened its R&D capabilities, focusing on high-performance copper alloy products for various industries including new energy vehicles and 5G technology[25]. - Research and development expenses remained stable at CNY 63,762,087.64, a slight decrease of 0.10% compared to CNY 63,827,901.51 in the previous year[33]. Environmental Compliance - The company has complied with environmental protection regulations, with wastewater COD emissions at 0.904 tons, well below the permitted limit of 19.7 tons[63]. - The ammonia nitrogen emissions from wastewater were recorded at 0.133 tons, significantly under the allowable limit of 2.7 tons[63]. - The company has actively managed its environmental impact, ensuring that all emissions are within regulatory standards[60]. - The company has established pollution prevention facilities that are operating stably, with all pollutants meeting discharge standards[64]. - The company has committed to maintaining a cash dividend distribution of at least once in any three consecutive years, with a minimum of 30% of the average distributable profit over the last three years[73]. Shareholder Information - The total number of shares after the recent changes is 1,801,314,055, with 99.17% being tradable shares[85]. - The largest shareholder, Horgos Chuanshan Cultural Media Co., Ltd., holds 176,959,400 shares, accounting for 9.82% of the total shares[93]. - The company has a total of 29,950,000 restricted shares at the beginning of the period, with 14,975,000 shares released during the reporting period[89]. - The top ten shareholders include several individuals and companies, with the largest being Horgos Chuanshan Cultural Media Co., Ltd.[93]. Investment and Projects - The company is actively investing in projects such as the Guangxi Xinke project, contributing to its future growth prospects[31]. - The total budget for the Guangxi Xinke construction project is CNY 450 million, with a current balance of CNY 236.6 million after an increase of CNY 125.9 million this period[43]. - The Xin Gu He relocation project has a budget of CNY 158.66 million, with a current balance of CNY 120.35 million after an increase of CNY 95.24 million this period[43]. Financial Management - The company has implemented measures to mitigate raw material price risks, including establishing futures hedging policies[50]. - The company is focusing on strengthening accounts receivable management to mitigate risks associated with increasing receivables[51]. - The company has not disclosed any plans for profit distribution or capital reserve transfer to increase share capital during this reporting period[5]. Corporate Governance - The company has not reported any changes in the shareholding of directors, supervisors, and senior management during the reporting period[96]. - The company has not engaged in any significant related party transactions during the reporting period[78]. - The company has not disclosed any performance commitments or related transactions that have progressed or changed[78]. Financial Instruments and Accounting Policies - The company measures expected credit losses for financial instruments based on the present value of the difference between contractual cash flows expected to be received and those actually collectible[179]. - Financial assets are derecognized when the contractual rights to cash flows have expired or when the risks and rewards of ownership have been transferred[184]. - The company recognizes deferred tax assets related to deductible temporary differences if new information indicates that the economic benefits can be realized within 12 months post-acquisition[161].