CISC(601005)2021-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2021 reached CNY 22,669,939 thousand, a 107.46% increase compared to CNY 10,927,367 thousand in the same period last year[20]. - Net profit attributable to shareholders of the listed company was CNY 2,697,041 thousand, representing a significant increase of 2,122.44% from CNY 121,355 thousand in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 2,834,482 thousand, up 2,529.56% from CNY 107,793 thousand year-on-year[20]. - The net cash flow from operating activities was CNY 1,546,388 thousand, an increase of 1,772.46% compared to CNY 82,586 thousand in the same period last year[20]. - The total profit for the first half of 2021 was CNY 2,697,000, representing a 21-fold increase year-on-year[33]. - The total comprehensive income for the first half of 2021 was RMB 2,697,041 thousand, a significant increase from RMB 121,355 thousand in the same period of 2020, indicating strong financial performance[158]. - The company's operating profit for the first half of 2021 was RMB 2,863,513 thousand, a substantial rise from RMB 121,489 thousand in the same period of 2020, representing an increase of around 2,265%[158]. Earnings and Profitability - Basic earnings per share for the first half of 2021 were CNY 0.30, a 2,900.00% increase from CNY 0.01 in the same period last year[20]. - The company reported a significant increase in diluted earnings per share to CNY 0.30, compared to CNY 0.01 in the same period last year[20]. - The weighted average return on net assets increased to 12.61%, up 11.99 percentage points from 0.62% in the previous year[20]. - The gross profit margin for the steel industry was 15.68%, reflecting an increase of 10.54% year-on-year[37]. - The company's sales profit margin reached 6.56%, up 3.4 percentage points compared to the previous year[27]. Production and Sales - In the first half of 2021, the company achieved production volumes of 4.66 million tons of iron, 5.03 million tons of steel, and 4.86 million tons of finished products, representing year-on-year increases of 62.76%, 53.36%, and 54.68% respectively[29]. - The average selling price of commodity billets increased by 36.05% to CNY 4,555 per ton, contributing an additional CNY 48,540,000 in sales revenue[33]. - The sales volume of commodity billets reached 4,754,200 tons, a year-on-year increase of 51.55%, adding CNY 63,000,000 to sales revenue[33]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 45,151,053 thousand, a 13.02% increase from CNY 39,949,856 thousand at the end of the previous year[20]. - The total liabilities as of June 30, 2021, amounted to RMB 22,408,046 thousand, up from RMB 19,911,389 thousand at the end of 2020, reflecting an increase of about 12.5%[156]. - The total shareholders' equity as of June 30, 2021, was RMB 22,743,007 thousand, compared to RMB 20,038,467 thousand at the end of 2020, marking an increase of approximately 13.5%[156]. - The company's total liabilities decreased slightly to 49.63% of total assets, down 0.21 percentage points from the previous year[150]. Cash Flow - Operating cash inflow for the first half of 2021 reached RMB 21,266,062 thousand, a significant increase of 125% compared to RMB 9,437,183 thousand in the same period of 2020[167]. - Cash outflow from investing activities was RMB 1,864,855 thousand, significantly higher than RMB 188,638 thousand in the first half of 2020[169]. - The company raised RMB 3,860,457 thousand through financing activities in the first half of 2021, compared to RMB 2,004,500 thousand in the same period of 2020[169]. Research and Development - Research and development expenses amounted to CNY 755,910, with direct investment in product sales totaling CNY 546,000,000[32]. - Research and development expenses for the first half of 2021 were RMB 75,591 thousand, indicating the company's commitment to innovation and technology development[158]. Environmental and Social Responsibility - The company reported a total pollutant discharge of 5074.4 tons for particulate matter and 7.47 tons for ammonia nitrogen, with a total allowable discharge of 11635 tons for particulate matter and 47.2 tons for ammonia nitrogen[71]. - The company has established a comprehensive environmental risk prevention system and has developed an emergency response plan for environmental incidents, valid until December 16, 2023[76]. - The company donated a total of RMB 142.44 million to support rural revitalization and poverty alleviation projects, specifically funding the construction of 6 fitness paths in Tianxing Village, Chongqing[83]. Corporate Governance and Compliance - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange regulations[126]. - The audit committee consists of three independent non-executive directors and one non-executive director, with the chairman being Mr. Zhang Jinru as of August 12, 2021[126]. - The company has no significant litigation or arbitration matters during the reporting period[102]. Employee Stock Ownership Plans - The company has repurchased a total of 81,500,000 A-shares, accounting for approximately 0.91% of the total share capital, with a total payment of RMB 84,333,550.00 (excluding transaction fees) [68]. - The company’s employee stock ownership plans are designed to align the interests of core employees and shareholders, promoting long-term stability and value enhancement [65]. - The company completed the first phase of the employee stock ownership plan, purchasing 24,791,400 shares, which will be locked for a period from May 15, 2019, to May 14, 2020 [65].