ELION(SH:600277)2021-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 6,889,206,770.43, representing a 9.89% increase compared to CNY 6,269,415,776.35 in the same period last year[21]. - The net profit attributable to shareholders of the listed company reached CNY 466,836,120.80, an increase of 86.21% from CNY 250,701,999.37 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 395,534,879.46, which is a 126.03% increase compared to CNY 174,993,633.87 in the same period last year[23]. - The net cash flow from operating activities was CNY 1,633,330,565.54, up 116.52% from CNY 754,361,095.46 in the previous year[23]. - Basic earnings per share increased by 88.89% to CNY 0.17 compared to the same period last year[24]. - Net profit attributable to shareholders increased by 86.21%, driven by higher sales prices of chemical products[24]. - Cash flow from operating activities improved due to increased sales revenue from rising product prices[24]. - The weighted average return on equity rose to 2.93%, up from 1.62% in the same period last year[24]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 36,036,639,965.84, a decrease of 1.06% from CNY 36,421,781,821.88 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company increased to CNY 16,031,869,932.10, reflecting a 2.42% increase from CNY 15,653,213,060.04 at the end of the previous year[23]. - The total value of restricted assets as of the reporting period is approximately CNY 13.62 billion, with significant components including fixed assets at CNY 8.04 billion and long-term equity investments at CNY 4.44 billion[70]. - The company’s total assets include overseas assets valued at ¥40.65 million, accounting for 0.11% of total assets[69]. Production and Operations - The company plans to produce 237,300 tons of PVC in 2021, with actual production reaching 254,200 tons, exceeding the planned target[52]. - The company’s caustic soda production plan was 168,800 tons, with actual production of 180,400 tons, achieving full production and sales[52]. - The company achieved a total asset of CNY 36.037 billion and a net asset attributable to the parent company of CNY 16.032 billion as of June 30, 2021[51]. - The company reported an operating income of CNY 6.889 billion, representing a year-on-year growth of 9.89%[51]. Environmental Compliance - The actual emissions for the first half of 2021 included 56.22 tons of particulate matter, 69.156 tons of sulfur dioxide, and 155.1 tons of nitrogen oxides, all within the permitted limits[90]. - The company’s subsidiary achieved a total of 287.6868 tons of particulate matter, 13.54291 tons of sulfur dioxide, and 271.3968 tons of nitrogen oxides emissions in the first half of 2021, complying with discharge permits[92]. - The company’s thermal power subsidiary reported actual emissions of 26.8 tons of particulate matter, 127.58 tons of sulfur dioxide, and 146.36 tons of nitrogen oxides in the first half of 2021, all within the permitted limits[92]. - The company’s environmental protection measures include the use of advanced treatment facilities for waste gas, ensuring compliance with national pollutant discharge standards[95]. - The company’s projects focus on recycling and reusing wastewater, achieving zero wastewater discharge in production processes[94]. Risk Management - The management has outlined potential risks that may adversely affect the company's future development and operational goals in the report[6]. - There are no significant risks related to non-operating fund occupation by controlling shareholders or their related parties[6]. - The company faces industry cyclicality risks, which may significantly impact performance during economic downturns, necessitating close monitoring of macroeconomic conditions[75]. - Safety production risks are present due to the nature of chemical product manufacturing, prompting the company to implement safety training and emergency drills[77]. Strategic Initiatives - The company focuses on the circular economy, with key products including PVC, caustic soda, and methanol[30]. - The company is developing a circular economy industrial chain in the Dalarat and Kubuchi economic parks, with a total production capacity of 640,000 tons of environmentally friendly calcium carbide[31]. - The company plans to invest in photovoltaic sand control projects in the Yellow River region as part of its future strategic development[37]. - The company is actively exploring various energy supply methods, including biomass and distributed energy heating[36]. Related Party Transactions - The total amount of related party transactions for the reporting period reached RMB 18,508.15 million, with significant transactions including wastewater treatment and industrial water procurement[192]. - The company received dividends of RMB 9.173 million from Ordos Zhengli New Energy Power Co., Ltd. as part of the equity transfer agreement[194]. - The company reported a related party transaction amount of RMB 6,089.45 million for wastewater treatment services, accounting for 49.65% of similar transactions[192]. - The company engaged in related party transactions for the purchase of industrial water amounting to RMB 2,308.85 million, representing 18.82% of similar transactions[192]. Community Engagement - The company has actively engaged in poverty alleviation and rural revitalization efforts, focusing on industrial support and job creation to help local communities[180]. - The company donated 350,000 yuan to support poverty alleviation projects, including the construction of collective picking gardens and breeding cooperatives, benefiting local villagers[182]. - The "Photovoltaic + Ecological Sand Control" project helped 57 impoverished households increase their income, with an average additional income of 32,000 yuan per household[182]. - The 50MW photovoltaic poverty alleviation project in Zhangbei County is expected to provide financial support for 2,000 registered impoverished individuals, totaling 6 million yuan annually at a rate of 3,000 yuan per person[182].