JHEC(SH:600273)2021-08-05 16:00Financial Performance - The company reported a cash dividend of 2.5 yuan per 10 shares (including tax) for the first half of 2021[4]. - The financial report for the first half of 2021 has not been audited[4]. - The total revenue for the first half of 2021 was not disclosed in the provided content, but the company emphasizes the accuracy and completeness of its financial reporting[4]. - The company's operating revenue for the first half of 2021 was CNY 3,367,588,079.75, representing a 34.04% increase compared to CNY 2,512,452,265.67 in the same period last year[22]. - The net profit attributable to shareholders for the same period was CNY 712,636,904.71, up 28.47% from CNY 554,723,684.31 year-on-year[22]. - The net cash flow from operating activities decreased by 70.31%, amounting to CNY 200,463,099.00 compared to CNY 675,220,953.87 in the previous year[22]. - The net assets attributable to shareholders rose by 6.41% to CNY 8,255,215,403.20 from CNY 7,757,600,147.15[22]. - Basic earnings per share for the first half of 2021 were CNY 0.5107, reflecting a 28.16% increase from CNY 0.3985 in the same period last year[23]. - In the first half of 2021, the company achieved total revenue of 3.368 billion yuan, a year-on-year increase of 34.04%[63]. - The net profit attributable to shareholders was 713 million yuan, up 28.47% compared to the same period last year[63]. Risk Management - The company confirmed no significant risk events occurred during the reporting period[4]. - The company has outlined potential risks in the management discussion section of the report[4]. - The report includes a forward-looking statement risk declaration, indicating uncertainties in future plans and strategies[4]. - The company faces potential risks from fluctuations in raw material prices and exchange rates, which could impact operational performance[109]. Corporate Governance - The board of directors and senior management have confirmed the authenticity and completeness of the semi-annual report[4]. - The company has not violated decision-making procedures for providing guarantees[4]. - There are no significant changes in shareholder structure reported during the period[4]. - The company has made provisions for future related party transactions for the year 2021, ensuring ongoing operational stability[115]. - The company has proposed to provide guarantees for its wholly-owned and controlling subsidiaries as part of its ongoing financial strategy[115]. Environmental Management - The company is committed to enhancing its environmental management system and reducing emissions through advanced production technologies[59]. - The company is actively managing environmental risks by implementing measures to control waste emissions, ensuring compliance with national standards[103]. - The company has established an ISO 14001 environmental management system and has obtained environmental pollution liability insurance for the year 2021[160]. - The company has implemented a "Leak Detection and Repair" (LDAR) system and has passed the fourth round of clean production audit acceptance[160]. - The company has reported no administrative penalties due to environmental issues during the reporting period[164]. Research and Development - The company has applied for 99 patents, with 56 granted, including 15 invention patents, ensuring a technological advantage in core industries[57]. - The company has established a key technology innovation team and several provincial-level innovation platforms to enhance its R&D capabilities[58]. - The company implemented 41 R&D projects in the first half of 2021, focusing on energy conservation, emission reduction, and new product development[71]. Market Position and Strategy - The company is a core enterprise in the China Chemical New Materials (Jiaxing) Park, focusing on a circular economy model that integrates upstream and downstream industries[27]. - The company is positioned to benefit from favorable policies in the natural fatty alcohol industry, which is experiencing significant growth[32]. - The market demand for fatty alcohols is steadily increasing, with a significant growth trend in the production of cationic surfactants, widely used in disinfectants and softeners[36]. - The company’s logistics advantages in the Yangtze River Delta region enhance its competitive position in the fatty alcohol market, allowing for efficient distribution to downstream industries[37]. - The company is focusing on expanding its solar photovoltaic power station investments, with multiple subsidiaries reporting positive earnings and operational growth in this sector[94]. Safety Management - The company’s safety management system has been enhanced, with all employees signing safety responsibility agreements for 2021[72]. - The company has established emergency response plans for sudden environmental incidents, registered with the Jiaxing Ecological Environment Bureau in May 2020[171]. Investment and Expansion - The company plans to invest ¥1,000,000,000 to establish wholly-owned subsidiaries to enhance supply chain capabilities[88]. - The company has increased its short-term borrowings by 47.05% to ¥660,789,875.02 from ¥449,378,332.02, indicating a strategy to support operational liquidity[85]. - The company is actively preparing for the formal production of the Zhangjiagang hydrogen refueling station, which is a key project in the local hydrogen energy industry[77]. Compliance and Standards - The company is classified as a key pollutant discharge unit in Jiaxing City, with specific monitoring of COD and ammonia nitrogen emissions[126]. - The company executed pollution discharge standards as per DB33/2147—2018, ensuring adherence to environmental regulations[130]. - The company has established a research institute for circular economy innovation, focusing on key common technology exploration and R&D[71].