SPM(SH:600459)2021-08-24 16:00Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2021, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders reached 300 million RMB, up 20% compared to the same period last year[15]. - The company's operating revenue for the first half of 2021 reached ¥17,687,461,939.03, representing a year-on-year increase of 60.87% compared to ¥10,994,763,567.02 in the same period last year[21]. - Net profit attributable to shareholders of the listed company was ¥307,023,635.72, a year-on-year increase of 41.31% from ¥217,267,720.89[21]. - The total profit for the period was ¥368,157,478.26, reflecting a 36.16% increase from ¥270,395,447.28 in the previous year[35]. - The net profit reached ¥329,430,965.78, indicating strong financial performance[35]. - The company reported a net cash flow from operating activities of -¥1,453,282,489.18, compared to ¥352,502,133.01 in the same period last year, indicating a significant change[21]. - The company reported a total profit of CNY 368.16 million for the first half of 2021, compared to CNY 270.40 million in the same period of 2020, which is an increase of about 36.2%[146]. - The net profit for the first half of 2021 was CNY 329.43 million, compared to CNY 232.06 million in the same period of 2020, indicating a growth of about 42%[146]. Market Expansion and Strategy - User data indicates a growth in active customers by 25%, reaching 500,000 users by the end of June 2021[15]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[15]. - Future guidance estimates a revenue growth of 12% for the second half of 2021, driven by increased demand in the automotive sector[15]. - The company is focusing on expanding its market share in high-end domestic and international markets, particularly in the precious metal alloy functional materials sector[35]. - The company plans to expand its business scale further, focusing on precious metal supply services and resource recycling[38]. Research and Development - The company has allocated 100 million RMB for research and development in advanced materials for the upcoming year[15]. - New product development includes the launch of a platinum-based catalyst, expected to increase sales by 30% in the next fiscal year[15]. - Research and development expenses increased by 116.17% to ¥105,849,093.01, driven by investments in new materials and resource recycling[38]. - The company has multiple national and provincial innovation platforms, maintaining a leading position in R&D capabilities within the industry[32]. - The company is committed to enhancing its technology R&D and new product development to mitigate market risks and competition from multinational enterprises[54]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection departments, indicating a focus on environmental compliance[66]. - The company reported a total discharge of 1.426 tons of particulate matter in the first half of the year, with emissions meeting the required standards[67]. - The company’s sulfur dioxide emissions totaled 0.017 tons, also meeting the discharge standards[67]. - The nitrogen oxides emissions were recorded at 0.505 tons, compliant with environmental regulations[67]. - The company emphasizes the importance of timely technological upgrades and new product launches to avoid falling behind in the industry[55]. - The company has established emergency response plans for environmental risks and has filed them with local environmental authorities, conducting annual drills[81]. Financial Position and Assets - The company's total assets increased by 25.00% to ¥11,963,590,872.76 from ¥9,570,767,430.58 at the end of the previous year[21]. - The company's total liabilities were reported at ¥8,089,866,508.33, compared to ¥5,916,607,905.11, showing an increase of approximately 36.8%[135]. - The company's equity attributable to shareholders reached ¥3,635,346,621.84, up from ¥3,427,139,069.36, indicating a growth of about 6.1%[135]. - The company's cash and cash equivalents were ¥1,559,999,603.19, compared to ¥1,516,621,233.66 at the end of 2020, reflecting a slight increase of 2.8%[129]. - The company’s total assets at the end of the period were CNY 1,992.71 million, with a significant portion allocated to capital reserves[170]. Shareholder Relations and Governance - The company has committed to distributing at least 30% of its profits as dividends over the next three years (2021-2023) if conditions are met[96]. - The company plans to distribute no less than 10% of its annual distributable profits in cash each year during the same period[96]. - The company has established a commitment to maintain independence from its controlling shareholder, ensuring no harm to the interests of the company and its shareholders[94]. - The controlling shareholder has pledged to avoid any actions that could harm the company’s interests or those of its shareholders in related transactions[94]. - The company has outlined measures to enhance its corporate governance structure during the controlling shareholder's period of control[94]. Risks and Challenges - The company faces risks related to fluctuations in precious metal prices, which could impact liquidity and inventory valuation[54]. - The company faces risks related to technological advancements and product updates due to the high technical content and complex production processes in the precious metals manufacturing industry[55]. - The company has a strong competitive position with a team of high-level technical developers and extensive product development experience, focusing on market demand and industry technology development[55]. Capital Structure and Changes - The total share capital of the company increased to 569,020,415 shares after the capital reserve conversion in June 2021, adding 131,312,404 shares to the market[182]. - The company reported a capital reserve transfer of CNY 131.31 million, reflecting adjustments in equity structure[167]. - The company’s total paid-in capital remained stable at 437,708,011.00 throughout the reporting period[176]. - The company has initiated a review of its capital structure to optimize financial performance moving forward[171].