CMST(SH:600787)2021-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 33,126,399,243.40, representing a 69.00% increase compared to CNY 19,601,872,358.45 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was CNY 148,094,753.73, an increase of 21.19% from CNY 122,200,792.23 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 140,791,768.53, up 43.22% from CNY 98,304,701.98 year-on-year[24]. - Basic earnings per share for the first half of 2021 were CNY 0.0682, a 21.57% increase from CNY 0.0561 in the same period last year[24]. - The main business revenue reached CNY 33,091.99 million, with a year-on-year growth of 69.07%[45]. - The international freight forwarding revenue surged by 114.13% to CNY 118.16 million[45]. - The company's warehouse business revenue increased by 31.89% to CNY 408.73 million[45]. - The revenue from the logistics business "Zhongchu Logistics" was 12.544 billion RMB, representing a year-on-year increase of 51.04%[48]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 24,516,626,030.63, a 15.96% increase from CNY 21,142,798,734.89 at the end of the previous year[24]. - The net assets attributable to shareholders of the listed company increased by 1.24% to CNY 11,871,290,710.97 from CNY 11,725,867,066.74 at the end of the previous year[24]. - Total liabilities reached CNY 12.15 billion, up from CNY 8.96 billion, representing an increase of about 35.5%[177]. - The company's equity attributable to shareholders rose to CNY 11.87 billion, compared to CNY 11.73 billion, reflecting a growth of about 1.2%[177]. Cash Flow - The company reported a net cash flow from operating activities of CNY -1,112,229,046.68, compared to CNY -1,446,509,447.20 in the previous year[24]. - The net cash flow from financing activities was CNY 2,153,417,741.75, a 34.46% increase from CNY 1,601,482,333.89 last year[54]. - Cash and cash equivalents at the end of the period amounted to CNY 2,341,796,550.78, representing 9.55% of total assets, up 42% from CNY 1,649,166,799.39 last year[59]. - The company received a total of ¥40,285,034,427.17 in cash inflows from operating activities in the first half of 2021, compared to ¥23,898,302,375.36 in the same period of 2020, indicating an increase of approximately 68.4%[197]. Operational Developments - The increase in operating revenue was primarily due to the expansion of business scale and rising commodity prices compared to the previous year[24]. - The logistics industry in China is experiencing steady recovery, with total social logistics amounting to CNY 150.9 trillion in the first half of 2021, representing a year-on-year growth of 15.7%[32]. - The company is positioned to leverage its logistics parks with rail and water facilities, enhancing its competitive advantage in the smart logistics and multimodal transport sectors[32]. - The company has established long-term partnerships with major futures exchanges, with delivery warehouse capacities for various commodities, including 330,000 tons for hot-rolled coils and 390,600 tons for copper as of June 2021[34]. - The company is actively involved in the digital transformation of the logistics industry, utilizing technologies such as big data and artificial intelligence to optimize resource allocation and improve operational efficiency[32]. Research and Development - The company holds 8 effective invention patents, 84 utility model patents, and 26 software copyrights, showcasing its strong R&D capabilities[44]. - Research and development expenses surged by 393.37% to ¥12,993,282.46, driven by increased investment in the intelligent transportation platform[58]. Environmental and Social Responsibility - The company has established a comprehensive risk inspection and rectification plan focusing on energy conservation and environmental protection, emphasizing the importance of accurate data reporting and monitoring[95]. - The company is committed to green warehouse construction, optimizing logistics processes to reduce transportation distances and energy consumption[95]. - The company has established a leadership group to oversee targeted poverty alleviation efforts, ensuring effective implementation of rural revitalization strategies[98]. Legal and Compliance - The company has committed to a dividend policy ensuring at least 10% of distributable profits are paid in cash annually post-restructuring[102]. - The company has ensured compliance with legal and regulatory requirements in its operations and shareholder rights[102]. - The company has no significant litigation or arbitration matters pending during the reporting period[109].