ACC(600585)2021-08-27 16:00Financial Performance - Operating income for the first half of 2021 was CNY 80,432,865 thousand, an increase of 8.68% year-on-year[10]. - Net profit attributable to shareholders of the listed company decreased by 6.96% to CNY 14,951,193 thousand compared to the same period last year[10]. - Basic earnings per share for the first half of 2021 were CNY 2.82, down 6.96% from CNY 3.03 in the same period last year[10]. - The weighted average return on net assets decreased by 2.25 percentage points to 8.93% compared to the same period last year[10]. - The company's total profit attributable to shareholders decreased by 6.96% year-on-year[34]. - The net profit attributable to shareholders for the first half of 2021 was 14,968,080 thousand yuan, a decrease of 6.95% year-on-year[12]. - The comprehensive gross margin for self-produced cement and clinker was 42.68%, down 4.82 percentage points compared to the previous year[29]. - The total profit for the six months was RMB 19,868,352,212, compared to RMB 21,496,460,430 in the previous year, indicating a decline of about 7.57%[129]. - The company's basic earnings per share for the period was RMB 2.82, down from RMB 3.03 in the same period last year, a decrease of approximately 6.94%[130]. - The total comprehensive income attributable to shareholders of the parent company was RMB 14,783,952,478, compared to RMB 16,154,969,491 in the previous year, a decrease of about 8.49%[130]. Assets and Liabilities - Total assets as of June 30, 2021, were CNY 200,907,579 thousand, a decrease of 0.03% compared to the beginning of the year[9]. - Total liabilities decreased to RMB 29,238,354,169 from RMB 32,755,937,453, indicating a reduction of approximately 10.5%[118]. - The company's total current assets were RMB 106,340,660,926, a decrease from RMB 110,750,911,573, reflecting a decline of about 4.0%[122]. - The company's total non-current liabilities amounted to RMB 8,303,477,976, down from RMB 8,532,819,359, a decrease of approximately 2.7%[118]. - The company's retained earnings reached RMB 146,986,953,679, an increase from RMB 143,270,282,580, showing a growth of approximately 2.0%[118]. - The company's total equity as of June 30, 2021, amounted to RMB 151,192,234,111, reflecting an increase from the previous year's total equity of RMB 127,817,765,170[145]. Cash Flow - Net cash flow from operating activities for the first half of 2021 was CNY 12,296,863 thousand, a decrease of 15.55% year-on-year[10]. - The cash inflow from operating activities for the six months ended June 30, 2021, was RMB 97.79 billion, an increase from RMB 91.77 billion for the same period in 2020, representing a growth of approximately 6.8%[137]. - The net cash flow from operating activities decreased to RMB 12.30 billion for the six months ended June 30, 2021, down from RMB 14.56 billion in the same period of 2020, a decline of about 15.5%[137]. - The cash inflow from investment activities was RMB 20.93 billion, compared to RMB 28.46 billion in the previous year, indicating a decrease of approximately 26.5%[138]. - The total cash and cash equivalents at the end of the period were RMB 7.17 billion, a significant decrease from RMB 17.04 billion at the end of the same period in 2020, representing a decline of about 58.9%[138]. Capital Expenditures and Investments - Capital expenditures for the reporting period amounted to approximately CNY 5.99 billion, primarily for cement and clinker production line construction and energy-saving upgrades[46]. - The company had a total of CNY 9.04 billion in capital commitments as of June 30, 2021, an increase from CNY 5.22 billion at the end of the previous year[47]. - The company has invested a total of RMB 60 billion in various financial products, with expected annualized returns ranging from 3.70% to 4.56%[58]. - The company reported an investment income of RMB 374,581,144, down from RMB 422,837,318, indicating a decrease of approximately 11.4%[129]. Research and Development - Research and development expenses surged by 238.38% due to increased investment in energy-saving and green technology projects[37]. - Research and development expenses increased significantly to RMB 272,515,904 from RMB 80,536,625, marking an increase of approximately 237.5%[129]. Environmental Compliance - The company maintained compliance with all emission standards, with no exceedances reported across various pollutants[69]. - The company is focused on maintaining emission standards while exploring new technologies for pollution control[69]. - The company completed SCR denitrification upgrades on 27 clinker production lines, achieving ultra-low nitrogen oxide emissions[79]. - Over 30 clinker production lines underwent wet desulfurization upgrades, meeting Class A control indicators for sulfur dioxide emissions[79]. - The company is actively exploring renewable energy sources, including photovoltaic power generation and biomass alternative fuels, to reduce carbon emissions[79]. Shareholder Information - The total number of shareholders at the end of the reporting period was 413,342, with H-share shareholders numbering 93[96]. - Conch Group holds 1,928,870,014 shares, representing 36.40% of the company's total shares[96]. - Major shareholders include Hai Luo Group, holding 1,928,870,014 A shares, representing 48.23% of the total A shares[99]. - The total number of issued A shares is 3,999,702,579, while the total number of issued H shares is 1,299,600,000[101]. Corporate Governance - The company’s governance structure has been continuously improved since its listing in 1997, ensuring independent and efficient decision-making[63]. - The audit committee has reviewed the 2021 interim performance report in accordance with the applicable rules[64]. - The company has not established or implemented any equity incentive plans during the reporting period[66]. Legal and Regulatory Compliance - The company has not experienced any significant litigation, arbitration, or media inquiries that would impact its operations during the reporting period[83]. - The company has not undergone any bankruptcy restructuring during the reporting period[83]. - The company strictly adhered to its debt repayment plan, ensuring the rights of its creditors were protected[112].