TCEPC(SH:600874)2021-08-25 16:00Financial Performance - The company's operating revenue for the first half of 2021 reached RMB 190,395.4 million, representing a 25.15% increase compared to RMB 152,139.0 million in the same period last year[21]. - Net profit attributable to shareholders of the listed company was RMB 30,448.9 million, an increase of 18.50% from RMB 25,694.8 million year-on-year[21]. - The net cash flow from operating activities was RMB 68,947.5 million, showing a significant increase of 163.86% compared to RMB 26,129.9 million in the previous year[21]. - Basic earnings per share for the first half of 2021 were RMB 0.21, an increase of 18.33% compared to RMB 0.18 in the same period last year[24]. - The weighted average return on net assets was 4.57%, up 0.44 percentage points from 4.13% in the previous year[24]. - The net profit after deducting non-recurring gains and losses was CNY 26,435.2 million, a 16.69% increase year-on-year[114]. - The total comprehensive income for the period was 446,850 thousand RMB, up from 248,288 thousand RMB, indicating a growth of 80%[144]. Assets and Liabilities - The total assets of the company at the end of the reporting period were RMB 2,009,604.7 million, up 6.88% from RMB 1,880,296.9 million at the end of the previous year[21]. - The company's total liabilities increased to RMB 7,396,465 thousand in the first half of 2021, up from RMB 6,620,344 thousand in the same period of 2020, marking a 11.7% rise[134]. - Long-term borrowings increased to RMB 639,499.2 million, a rise of 51.26% from RMB 422,789.4 million, reflecting new debt financing[42]. - The total liabilities reached CNY 12,375,453, up from CNY 11,221,326, indicating a growth of 10.3%[124]. - The company's total current assets reached CNY 4,322,008 million, up from CNY 3,795,459 million at the end of the previous year[119]. Business Operations - The wastewater treatment business generated revenue of 1,381.49 million yuan, up 26.36% year-on-year, driven by increased treatment volume and service fee adjustments[36]. - The hazardous waste business revenue surged by 232.91% to 109.96 million yuan, attributed to the addition of two new projects[36]. - The company processed 74.016 million cubic meters of wastewater during the reporting period, a 5.01% increase from the previous year[36]. - The company expanded its wastewater treatment capacity by 84,500 cubic meters per day and added approximately 183 kilometers of pipeline[27]. - The company completed the acquisition of two hazardous waste companies for 780 million yuan, enhancing its capabilities in hazardous waste management[35]. Strategic Initiatives - The company plans to continue expanding its water service scale while accelerating the layout of strategic new businesses to enhance comprehensive environmental governance capabilities[30]. - The strategic new business includes a service area of 2 million square meters for new energy cooling and heating, primarily in Tianjin[29]. - The company has not disclosed any plans for new products, technologies, market expansion, or mergers and acquisitions in this report[21]. Financial Management - The company has not proposed any profit distribution or capital reserve transfer plans for the current period[62]. - The company emphasizes the importance of legal compliance and risk management to mitigate financial risks associated with government credit[56]. - The company plans to enhance operational management levels through standardized practices and staff training[56]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 65,406, including 63 H-share shareholders[94]. - The top shareholder, Tianjin Municipal Investment Co., Ltd., held 715,565,186 shares, representing 50.14% of the total shares[97]. - The company has not identified any related party relationships among the top ten shareholders[99]. Environmental Impact - The company achieved a cumulative reduction of pollutants, including approximately 234,000 tons of COD, 27,000 tons of total nitrogen, 25,000 tons of ammonia nitrogen, and 3,100 tons of total phosphorus, contributing significantly to water body environmental management[74]. - The company’s wastewater treatment projects strictly adhered to relevant discharge standards, with normal operational conditions reported[68]. - The company has implemented measures to reduce carbon emissions through its new energy cooling and heating business and distributed photovoltaic power generation projects[75]. Legal and Compliance - The company is involved in a significant lawsuit with a claim amount of ¥12,030,003 related to unpaid energy fees from 2012 to 2016, with the court ruling in favor of the company[80]. - The company has not reported any significant changes in its financial or operational status during the reporting period[83]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance and reflect the company's financial position and operating results accurately[197].