FJC(SH:600802)2021-08-23 16:00Financial Performance - The company's operating revenue for the first half of 2021 reached CNY 1,476,310,692.80, representing a 15.95% increase compared to CNY 1,273,223,012.18 in the same period last year[17]. - Net profit attributable to shareholders was CNY 214,240,501.39, up 6.58% from CNY 201,007,600.62 in the previous year[17]. - The net cash flow from operating activities increased by 23.82%, amounting to CNY 109,645,988.36 compared to CNY 88,550,793.14 in the same period last year[17]. - Basic earnings per share for the first half of 2021 were CNY 0.468, a 6.58% increase from CNY 0.439 in the same period last year[18]. - The comprehensive income totalled CNY 212,334,982.84, significantly higher than CNY 125,630,784.65 in the first half of 2020, marking a year-on-year increase of 69%[105]. - The company's operating profit reached CNY 170,385,725.98, a substantial increase from CNY 61,193,077.43 in the first half of 2020, reflecting a growth of 178%[105]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 4,699,319,785.95, reflecting a 4.21% increase from CNY 4,509,478,545.75 at the end of the previous year[17]. - The total liabilities were CNY 2,721,546,081.51, slightly up from CNY 2,719,369,514.77, showing a marginal increase of 0.08%[96]. - The company's total assets decreased by 3.12% to CNY 4.69 billion, primarily due to net cash outflows from project construction[33]. - The total amount of guarantees provided by the company, including those to subsidiaries, amounted to CNY 225.03 million, representing 12% of the company's net assets[78]. Cash Flow - The cash flow from operating activities was CNY 1,321,454,481.90, slightly down from CNY 1,327,597,918.82 in the first half of 2020[107]. - The net cash flow from investment activities was -¥188,382,192.54, showing an improvement from -¥216,681,655.88 year-over-year[108]. - The net cash flow from financing activities was -¥6,353,634.05, compared to a positive cash flow of ¥20,627,882.13 in the first half of 2020[108]. Market Position and Operations - The company's cement production and sales volumes increased by 19.90% and 16.24% respectively, achieving 94.24% and 94.06% of the budgeted targets[27]. - The company maintained a strong market position with its two well-known brands, "Jianfu" and "Lianshi," which are recognized in the Fujian market[25]. - The company is actively pursuing new projects, including the Ansha second line project, which is progressing as planned[27]. Environmental Management - The company has achieved a 100% operational rate for dust collection facilities across all production lines, with a ≥99.5% operational rate for environmental protection equipment[53]. - The company is committed to conducting long-term research on carbon emissions solutions to promote low-carbon and green development[44]. - The company invested over 8.3 million yuan in environmental technology upgrades during the reporting period, implementing new processes and equipment to improve energy efficiency and reduce emissions[61]. Related Party Transactions - The total amount of related party transactions reached RMB 6,259,056.39[67]. - The company provided loans totaling RMB 130,000,000.00 to its controlling shareholder at an interest rate range of 3.85%-4.35%[73]. - The company’s financial dealings with related parties reflect a strong reliance on its controlling shareholder and subsidiaries[70]. Shareholder Information - The company has a total of 54,654 ordinary shareholders as of the end of the reporting period[84]. - The largest shareholder, Fujian Building Materials (Holding) Co., Ltd., holds 131,895,707 shares, accounting for 28.78% of the total shares[86]. Accounting Policies - The financial statements are prepared based on the going concern principle, indicating no significant issues affecting the company's ability to continue operations for at least 12 months from the reporting date[126]. - The company adheres to the Chinese Accounting Standards, ensuring that the financial statements accurately reflect its financial position and operating results[127]. - The company recognizes financial assets based on the business model and cash flow characteristics, classifying them into three categories[145].