Daqin Railway(SH:601006)2021-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 38.61 billion, an increase of 14.90% compared to CNY 33.60 billion in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2021 was CNY 7.46 billion, representing a year-on-year growth of 35.86% from CNY 5.49 billion[20]. - The net cash flow from operating activities reached CNY 9.66 billion, a significant increase of 228.90% compared to CNY 2.94 billion in the previous year[20]. - The basic earnings per share for the first half of 2021 was CNY 0.50, up 35.14% from CNY 0.37 in the same period last year[21]. - Operating costs increased to approximately CNY 28.55 billion, up 6.98% from CNY 26.69 billion year-on-year[47]. - The total comprehensive income for the period was RMB 8,328,029,887, compared to RMB 6,046,291,678 in the previous year, marking a rise of 37.7%[134]. - The operating profit for the first half of 2021 was RMB 9,554,241,220, up from RMB 6,980,772,159, reflecting a growth of 37.6%[137]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 195.21 billion, an increase of 2.13% from CNY 191.14 billion at the end of the previous year[20]. - The company's total liabilities increased to ¥51.26 billion as of June 30, 2021, from ¥43.35 billion at the end of 2020, reflecting a rise of 18.67%[130]. - The company's total current liabilities rose to CNY 20.51 billion from CNY 13.90 billion as of December 31, 2020[126]. - The company's long-term borrowings decreased slightly to CNY 11.87 billion from CNY 12.17 billion[126]. - The company's total equity decreased to CNY 130.98 billion from CNY 134.00 billion as of December 31, 2020[126]. - The company's total assets as of June 30, 2021, amounted to ¥173.72 billion, compared to ¥166.15 billion at the end of 2020, marking an increase of 4.66%[130]. Operational Highlights - The company experienced an increase in freight and passenger volumes, contributing to the growth in net profit[21]. - In the first half of 2021, freight revenue accounted for 81.07% of the company's main business income, with a total freight volume of 34.18 million tons, representing a year-on-year increase of 12.4%[26][39]. - The company completed a coal transportation volume of 28.85 million tons in the first half of 2021, up 13.9% from the previous year, and accounted for 22.50% of the national railway coal transportation volume[33][41]. - Passenger transport revenue constituted 8.05% of the company's main business income, with a total of 18.80 million passengers transported, a 61.6% increase year-on-year[27][41]. - The company achieved a total fixed asset investment of 298.9 billion yuan in the first half of 2021, with plans to construct 54,000 kilometers of railway over the next 15 years[32]. Investment and Acquisitions - The company completed the acquisition of Southwest Ring Railway Company for CNY 3.697 billion, making it a subsidiary[53]. - The company plans to issue up to 2 billion shares to raise funds for acquiring related assets and liabilities of Taiyuan Railway Group, with a cash payment of RMB 32.79 billion for the acquisition[158]. - The company reported investment income of RMB 1,755,879,421, an increase from RMB 1,389,230,689 in the previous year, showing improved investment performance[137]. Environmental and Social Responsibility - In the first half of 2021, the company invested CNY 58.365 million in energy-saving and environmental protection initiatives[74]. - The actual discharge of chemical oxygen demand was 36.9 tons, reducing emissions by 9.1 tons compared to the plan; sulfur dioxide emissions were 335.3 tons, reducing emissions by 97.2 tons compared to the plan[74]. - The company actively promotes clean energy and new technologies to reduce carbon emissions[74]. - The company has implemented advanced technologies in its HXD electric locomotives to enhance environmental protection and energy efficiency[72]. Financial Instruments and Reporting - The company has issued a total of RMB 320 billion in convertible bonds, with a conversion period from June 18, 2021, to December 13, 2026[159]. - The company confirms that its ability to continue as a going concern is normal, with no significant doubts regarding its operations in the next 12 months[165]. - The company’s financial statements comply with the accounting standards set by the Ministry of Finance of the People's Republic of China, ensuring a true and complete reflection of its financial status as of June 30, 2021[167]. Shareholder Information - The largest shareholder, China Railway Taiyuan Bureau Group Co., Ltd., holds 62.20% of the shares, totaling 9,247,644,100 shares[108]. - The total number of ordinary shareholders reached 203,425 by the end of the reporting period[107]. - The company reported a profit distribution of CNY -7,136,099,702, indicating a significant loss allocation to shareholders[154].