GZRS(SH:600367)2023-08-24 16:00Financial Performance - The company's operating revenue for the first half of 2023 was approximately RMB 1.019 billion, a decrease of 26.05% compared to RMB 1.378 billion in the same period last year[23]. - The net profit attributable to shareholders of the listed company was approximately RMB 3.978 million, down 98.08% from RMB 207.283 million in the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately -RMB 9.079 million, a decline of 104.67% compared to RMB 194.478 million in the same period last year[23]. - Basic earnings per share decreased by 98.59% to CNY 0.01 compared to CNY 0.71 in the same period last year[24]. - Diluted earnings per share also fell by 98.59% to CNY 0.01 from CNY 0.71 year-on-year[24]. - The total profit for the period was ¥14.72 million, down 94.42% from ¥263.80 million year-on-year[58]. - The company reported a significant decrease in financial expenses due to reduced foreign exchange losses, with a net financial expense of -¥1,053,986.84[73]. - The company reported a net profit of 1,620,604.00 RMB for the first half of 2023[197]. Cash Flow and Assets - The net cash flow from operating activities was approximately RMB 99.830 million, an increase of 10.19% from RMB 90.594 million in the previous year[23]. - Cash and cash equivalents increased by 12.37% to ¥521,536,581.12, representing 18.50% of total assets[77]. - The total assets at the end of the reporting period were approximately RMB 2.820 billion, a decrease of 1.51% from RMB 2.863 billion at the end of the previous year[23]. - The total assets at the end of the reporting period amounted to 2,315,009,016.85 RMB[197]. - The total liabilities at the end of the reporting period were 1,181,340,641.46 RMB[197]. Production and Sales - In the first half of 2023, the company produced 110,900 tons of barium carbonate, an increase of 8,800 tons year-on-year, with sales reaching 108,200 tons, up 24,300 tons year-on-year[43]. - The company’s barium sulfate production capacity is 65,000 tons per year, with a production of 25,500 tons in the first half of 2023, a decrease of 2,600 tons year-on-year, and sales of 20,500 tons, down 3,500 tons year-on-year[44]. - The company’s strontium carbonate production capacity is 30,000 tons per year, with a production of 12,500 tons in the first half of 2023, a decrease of 400 tons year-on-year, and sales of 10,900 tons, down 700 tons year-on-year[45]. - The company’s electrolytic manganese dioxide production capacity is 30,000 tons per year, with a production of 7,800 tons in the first half of 2023, a decrease of 5,500 tons year-on-year, and sales of 8,000 tons, down 2,400 tons year-on-year[47]. - The company’s high-purity manganese sulfate production capacity is 30,000 tons per year, with a production of 8,500 tons in the first half of 2023, a decrease of 2,900 tons year-on-year, and sales of 7,200 tons, an increase of 1,200 tons year-on-year[47]. Research and Development - The company has established a comprehensive R&D innovation system and increased investment in scientific research, focusing on forward-looking new product research and core technology development[41]. - The company is actively pursuing new technology development initiatives to enhance its competitive edge in the market[190]. - Research and development expenses for the first half of 2023 were CNY 10,955,342.94, compared to CNY 11,570,829.38 in the same period of 2022, reflecting a decrease of about 5.3%[167]. Market and Competition - The company has outlined potential risks including production safety, environmental protection, market competition, and price fluctuations of key raw materials[7]. - Market competition risk is heightened due to new capacities released by competitors, leading to price competition in the barium salt product sector[92]. - The company aims to strengthen its market development efforts, particularly in Europe and untapped domestic markets[93]. Environmental and Safety Compliance - The company reported emissions of 8.60 tons of particulate matter and 69.21 tons of nitrogen oxides, with average concentrations of 10.736 mg/m³ and 86.367 mg/m³ respectively[107]. - The company is classified as a national control environmental management enterprise, while its subsidiary, Daluo Manganese Industry, is a provincial control environmental management enterprise[107]. - The company has established a monitoring system for emissions, with automatic online monitoring for both air and water pollutants[115]. Corporate Governance and Management - The company appointed Wan Yang as the new General Manager on February 8, 2023, following the resignation of Liang Qibo[102]. - The company has revised its fundraising management measures and established new external guarantee and investment management systems in 2023[99]. - The company has confirmed the integrity status of its controlling shareholders and actual controllers during the reporting period[130]. Community and Social Responsibility - The company invested a total of CNY 365,200 in poverty alleviation and rural revitalization efforts during the reporting period[119]. - The subsidiary, Dazhu Hongdie, contributed CNY 110,000 to public welfare organizations and invested CNY 230,000 in community infrastructure maintenance[119]. - The company has initiated a mixed-ownership reform, which was previously planned but has now been suspended due to changes in the internal and external environment[126].