SHANGHAI ENERGY(SH:600508)2021-08-25 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥4,461,101,879.42, representing a 22.74% increase compared to ¥3,634,546,493.27 in the same period last year[21]. - The net profit attributable to shareholders of the listed company decreased by 7.43% to ¥437,289,519.51 from ¥472,384,266.19 year-on-year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥420,502,498.16, down 12.34% from ¥479,680,306.59 in the previous year[21]. - The net cash flow from operating activities increased by 8.40% to ¥352,373,872.29 compared to ¥325,081,979.47 in the same period last year[21]. - Basic earnings per share decreased by 6.15% to ¥0.61 from ¥0.65 in the same period last year[21]. - The weighted average return on net assets was 4.03%, down 0.51 percentage points from 4.19% in the previous year[21]. - Operating profit for the first half of 2021 was ¥574,270,911.96, a decrease of 10.4% from ¥640,757,445.90 in the same period of 2020[128]. - The company reported a comprehensive income total of ¥420,886,881.38 for the first half of 2021, compared to ¥448,115,082.54 in the same period of 2020[130]. - Earnings per share for the first half of 2021 was ¥0.61, down from ¥0.65 in the previous year[130]. - The total operating costs increased to ¥3,908,722,931.78, up from ¥2,981,394,990.37 in the first half of 2020, indicating rising operational expenses[128]. Assets and Liabilities - The total assets at the end of the reporting period were ¥17,878,016,260.09, reflecting a 6.80% increase from ¥16,740,123,717.19 at the end of the previous year[21]. - The total current assets as of June 30, 2021, amounted to CNY 2,750,870,233.85, an increase from CNY 2,139,988,360.27 as of December 31, 2020, representing a growth of approximately 28.6%[116]. - Total non-current assets reached CNY 15,127,146,026.24, up from CNY 14,600,135,356.92, marking an increase of approximately 3.6%[119]. - The company's total liabilities as of June 30, 2021, were CNY 5,302,000,000.00, compared to CNY 5,000,000,000.00 at the end of 2020, indicating an increase of about 6.0%[119]. - Total liabilities increased to ¥7,307,752,334.95, up from ¥6,438,918,027.00, representing a growth of approximately 13.5%[121]. - Current liabilities decreased to CNY 4,163,606,604.61 from CNY 4,325,978,134.99, indicating a reduction of approximately 3.8%[119]. - Long-term borrowings increased significantly to CNY 1,139,074,300.00 from CNY 460,374,300.00, representing a growth of approximately 147.0%[119]. Government Subsidies and Non-Recurring Gains - The company received government subsidies amounting to ¥16,277,959.95, which are closely related to its normal business operations[22]. - The total amount of non-recurring gains and losses was ¥16,787,021.35 after accounting for tax effects and minority interests[22]. Environmental Compliance - The company reported a total emission of 82.28 tons of sulfur dioxide and 141.38 tons of nitrogen oxides from its key pollution units in the first half of 2021, all within permitted limits[51]. - The company has five key pollution units listed by the environmental protection department, ensuring compliance with relevant emission standards[51]. - The company has implemented a wastewater treatment system for its electroplating plant, which effectively reduces hexavalent chromium to trivalent chromium, ensuring all treated wastewater meets discharge standards[53]. - The company has conducted regular environmental monitoring, including automatic monitoring of pollutants and quarterly assessments of noise and wastewater[61]. - The company has completed environmental impact assessments for multiple projects, ensuring compliance with regulatory standards[1]. Research and Development - The company's research and development expenses surged by 1,194.68%, amounting to CNY 18.11 million compared to CNY 1.40 million in the previous year[32]. - Research and development expenses increased significantly to ¥18,112,240.37, compared to only ¥1,398,975.05 in the first half of 2020, reflecting a focus on innovation[128]. Shareholder Information - The company had a total of 41,238 common shareholders by the end of the reporting period[103]. - The largest shareholder, China Coal Energy Co., Ltd., held 62.43% of the shares, totaling 451,191,333 shares[104]. - The company reported no changes in its total share capital or structure during the reporting period[103]. Legal Matters - The company is involved in a significant lawsuit with Li Aishuan, claiming a total amount of RMB 125.85 million, which includes RMB 85.85 million for unpaid equity transfer and RMB 40 million in penalties[73]. - The company has filed a counterclaim seeking RMB 381.75 million in damages related to the same case, asserting the contract's invalidity[74]. - Another lawsuit involves the company suing Liu Xiaojun and Xu Xiuming for RMB 103.73 million, alleging contract disputes and seeking the return of payments made under a previous agreement[74]. Financial Support and Commitments - The company has received a commitment from its parent company, China Coal Energy, to provide necessary financial support for continued operations in the foreseeable future[169].