2021-08-27 16:00Financial Performance - Total operating income for the first half of 2021 reached RMB 22.74 billion, an increase of 28.07% compared to RMB 17.75 billion in the same period last year[13]. - Net profit attributable to shareholders was RMB 1.35 billion, representing a 41.27% increase from RMB 954.37 million in the previous year[13]. - Basic earnings per share increased to RMB 0.43, up 38.71% from RMB 0.31 in the same period last year[14]. - The total profit reached CNY 1.63 billion, reflecting a year-on-year growth of 41.74%[21]. - The company reported a profit margin of 6.3% for the current period, compared to 5.7% in the previous period[96]. - Total comprehensive income for the period was RMB 1.43 billion, compared to RMB 1.02 billion, reflecting a growth of 40.1%[96]. Assets and Liabilities - The company's total assets at the end of the reporting period were RMB 99.51 billion, a 1.75% increase from RMB 97.80 billion at the end of the previous year[13]. - Total liabilities reached RMB 64.96 billion, up from RMB 64.15 billion, marking a growth of about 1.27%[90]. - The company's equity attributable to shareholders increased to RMB 31.71 billion from RMB 30.91 billion, a rise of approximately 2.58%[90]. - Cash and cash equivalents at the end of the period amounted to ¥25.80 billion, accounting for 25.93% of total assets, a decrease of 3.33% compared to the previous year[29]. - Accounts receivable increased to ¥8.10 billion, representing 8.14% of total assets, up 7.58% year-on-year due to increased sales[29]. - Inventory reached ¥17.39 billion, making up 17.48% of total assets, with an 11.43% increase from the previous year driven by production reserves[29]. Cash Flow - The net cash flow from operating activities was negative at RMB -4.66 billion, compared to a positive RMB 972.05 million in the same period last year[13]. - Cash inflow from investment activities was CNY 7.39 billion, up from CNY 4.47 billion in the same period last year, marking an increase of 65.00%[98]. - Cash outflow for investment activities decreased to CNY 3.37 billion from CNY 6.57 billion, indicating a reduction of 48.73%[98]. - The company reported a net cash flow from financing activities of CNY -4.37 million, a slight improvement from CNY -38.49 million in the previous year[98]. Research and Development - The company’s research and development expenses rose by 17.18% year-on-year, totaling CNY 1.03 billion, driven by key project investments[25]. - Research and development expenses increased to RMB 1.03 billion, up from RMB 882.44 million, indicating a rise of 17.2%[96]. Environmental Compliance - The company reported a total of 45.36 tons of COD emissions, which is below the standard limit of 500 mg/L[48]. - The company’s ammonia nitrogen emissions were reported at 11.28 tons, also within the acceptable limits[48]. - The company’s environmental compliance includes meeting the wastewater discharge standards set by GB8978-1996[49]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[55]. Corporate Governance - The company has undergone changes in its board of directors, with several members being elected or resigning, including the appointment of a new independent director[42]. - The company held its 2020 annual general meeting on June 29, 2021, where several key reports and proposals were approved, including the financial report for the year 2020[41]. Shareholder Information - The total number of shares after the recent changes is 3,119,626,130, with a decrease of 138,000 shares due to the repurchase of restricted stocks[76]. - The largest shareholder, China Dongfang Electric Group Co., Ltd., holds 1,727,919,826 shares, representing 55.39% of total shares[81]. - The company has 753,903,063 shares under lock-up conditions, which are not tradable until certain conditions are met[84]. Investment and Growth Plans - The company plans to enhance supplier management and develop new qualified suppliers to mitigate supply chain risks[38]. - The company will increase investments in new energy and environmental protection sectors, while conducting risk assessments for investment projects[38]. - The company plans to invest CNY 23.5 million in targeted poverty alleviation efforts in 2021, a 30% increase compared to 2020[59]. Accounting Policies - The company adheres to the accounting standards issued by the Ministry of Finance, ensuring that financial statements reflect the true and complete financial status as of June 30, 2021[113]. - There were no significant changes in accounting policies or estimates during the reporting period[198].