SCAC(SH:600618)2022-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2022 reached ¥3,666,848,972.75, representing a 22.38% increase compared to ¥2,996,222,100.76 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥886,461,298.76, up 33.08% from ¥666,126,325.37 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥884,850,958.65, reflecting a 32.51% increase compared to ¥667,743,631.51 in the same period last year[22]. - The net cash flow from operating activities was ¥803,761,130.96, a significant increase of 240.48% from ¥236,068,327.96 in the previous year[22]. - Basic earnings per share (EPS) increased by 33.09% to CNY 0.7666, compared to CNY 0.5760 in the same period last year[25]. - The total operating revenue for the first half of 2022 was CNY 3,666,848,972.75, an increase from CNY 2,996,222,100.76 in the same period of 2021, representing a growth of approximately 22.3%[139]. - The net profit for the first half of 2022 was CNY 880,404,138.02, up from CNY 664,677,820.87 in the same period of 2021, indicating a growth of approximately 32.5%[139]. Assets and Liabilities - The company's total assets reached approximately CNY 11.03 billion, showing a growth of 18.60% compared to the previous period[25]. - The net assets attributable to shareholders of the listed company at the end of the reporting period were ¥7,287,112,195.73, which is a 6.15% increase from ¥6,864,775,657.24 at the end of the previous year[22]. - Total assets increased to CNY 11,030,475,333.58, up from CNY 9,300,488,421.59, representing a growth of approximately 18.6% year-over-year[127]. - Total liabilities increased to CNY 3,390,471,935.44 from CNY 2,196,764,401.20, a rise of 54.3%[129]. - The total liabilities increased to CNY 1,585,791,933.03 from CNY 1,037,560,808.16, which is an increase of approximately 52.8%[135]. Cash Flow - The net cash flow from operating activities surged by 240.48% to approximately ¥803.76 million, driven by increased sales receipts compared to the previous year[46]. - The financing activities generated a net cash flow of approximately ¥798.09 million, a 61.95% increase compared to the previous year, indicating improved financial health[46]. - The ending balance of cash and cash equivalents was CNY 4,043,867,119.53, up from CNY 2,541,706,482.32, representing an increase of 59.1%[153]. - Cash inflow from financing activities totaled CNY 1,644,196,201.41, significantly higher than CNY 645,103,761.81 in the previous period, marking an increase of 154.1%[153]. Operational Capacity and Projects - The company's PVC production capacity was 27.13 million tons with an output of 10.7 million tons, resulting in an operating rate of 80%[32]. - The company plans to complete the 300,000 tons/year caustic soda and 400,000 tons/year PVC projects in the Qinzhou base by the end of 2022, enhancing its competitive advantage[36]. - The company plans to launch a 300,000 tons/year caustic soda and a 400,000 tons/year PVC project in the fourth quarter of 2022, indicating ongoing expansion efforts[45]. - The company is in the final stages of construction for a 300,000 tons/year caustic soda and a 400,000 tons/year PVC project[56]. Research and Development - Research and development expenses rose by 28.90% to approximately ¥71.33 million, reflecting the company's commitment to innovation and product development[46]. - Research and development expenses for the first half of 2022 were CNY 71,332,656.23, compared to CNY 55,339,728.28 in the same period of 2021, reflecting an increase of approximately 28.9%[139]. Environmental Responsibility - The company has achieved a 100% treatment rate for industrial waste gas and wastewater, meeting environmental discharge standards[71]. - The company has established an environmental safety emergency management system, with no major environmental pollution incidents reported in the first half of 2022[77]. - The company is actively involved in environmental protection projects, including the HCl recovery and recycling project, which is under environmental impact assessment[76]. - The company has been focusing on green development since 2019, emphasizing resource conservation and environmental protection[83]. Related Party Transactions - The company engaged in related party transactions amounting to RMB 2,075.47 million with Huayi Group (Hong Kong) Limited for material procurement[90]. - The company’s related party transactions are expected to continue as necessary for operational activities[93]. - The company provided guarantees totaling RMB 166,800,000 to its subsidiaries during the reporting period, which represents 22.89% of the company's net assets[109]. Shareholder Information - The total number of common shareholders reached 91,567 by the end of the reporting period[116]. - The largest shareholder, Shanghai Huayi (Group) Company, holds 46.59% of the total shares, amounting to 538,805,647 shares[117]. Compliance and Governance - The company has changed its auditing firm to Tianzhi International Accounting Firm for the 2022 fiscal year to ensure audit independence[88]. - The financial statements are prepared based on the accounting standards issued by the Ministry of Finance and relevant regulations[198]. - The financial statements are based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[199].