SAILUN GROUP(SH:601058)2021-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥8,652,005,351.46, representing a 27.28% increase compared to ¥6,797,551,012.68 in the same period last year[15]. - The net profit attributable to shareholders of the listed company was ¥703,452,997.88, up 10.77% from ¥635,044,790.44 in the previous year[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥676,127,845.73, a 5.89% increase from ¥638,495,369.14 in the same period last year[15]. - The basic earnings per share remained stable at ¥0.25, unchanged from the same period last year[16]. - The company reported a significant increase in cash inflow from financing activities, totaling 1.71 billion RMB, a 614.68% increase compared to the previous year[27]. - The company reported a total cash inflow from operating activities of 7,590,754,631.28 CNY, up from 5,444,864,150.55 CNY in the same period last year, representing a growth of approximately 39.2%[112]. - The company reported a total of 1,217,098,654.27 RMB in cash received from investment, marking a significant increase in capital inflow[115]. Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥24,215,162,532.99, reflecting a 15.00% increase from ¥21,056,209,712.01 at the end of the previous year[15]. - The net assets attributable to shareholders of the listed company increased by 17.47% to ¥9,940,313,594.56 from ¥8,461,947,838.09 at the end of the previous year[15]. - The company's overseas assets amounted to approximately ¥9.31 billion, accounting for 38.46% of total assets[30]. - Total liabilities amounted to CNY 13,171,383,181.65, up from CNY 12,246,028,752.58, reflecting a growth of about 7.5%[100]. - Long-term borrowings surged by 143.80% to approximately ¥2.93 billion, attributed to new bank loans during the period[29]. - The company's total liabilities increased, with debt repayment amounting to 1,702,607,454.81 RMB, compared to 1,381,992,780.66 RMB in the previous year, reflecting a higher debt burden[115]. Research and Development - Research and development expenses rose by 47.39% to 206.5 million RMB, reflecting the company's commitment to innovation[27]. - The company has developed a low-carbon green tire product called "Liquid Gold Tire," which shows significant improvements in rolling resistance, wet slip resistance, and wear resistance compared to traditional products[24]. - The company is recognized as a high-tech enterprise with significant research and development capabilities in the tire industry[21]. Market Position and Operations - The company ranked 3rd in the "2021 Annual Ranking of Top 100 Rubber Industry Enterprises" by the China Rubber Industry Association and 16th in the global ranking by Tyrepress[21]. - The company has established modern tire production bases in Qingdao, Dongying, Shenyang, Weifang, and Vietnam, with a new production base under construction in Cambodia[20]. - The company has a sales network and logistics centers in North America, Germany, and Vietnam, serving over 180 countries and regions[20]. - The company is expanding production capacity with new projects in Vietnam, Cambodia, and Weifang, aiming to meet increasing domestic and international market demand[23]. Environmental Responsibility - The company is classified as a key pollutant discharge unit, adhering to environmental standards in its operations[47]. - The actual emissions of key pollutants are within the prescribed limits, with no instances of exceeding discharge standards reported[48]. - The company has implemented measures to reduce carbon emissions and is actively working towards achieving low-carbon management[61]. - The company has established an emergency response plan for environmental incidents, which has been filed with the local environmental protection authority[50]. Corporate Governance and Shareholder Relations - The company has committed to maintaining the independence of its operations and management, ensuring no overlap with its controlled entities[64]. - The company guarantees that its financial department and accounting systems remain independent from other controlled enterprises[64]. - The company has pledged not to engage in any business that competes with its main operations, ensuring the protection of minority shareholders' interests[66]. - The company’s major shareholders and management pledged to maintain the interests of minority investors and not interfere with company operations[71]. Financial Reporting and Compliance - The company approved the financial report on August 27, 2021, indicating a commitment to transparency and compliance with regulations[130]. - The financial statements are prepared based on the going concern assumption, confirming the company's ability to operate for at least 12 months from the reporting date[133]. - The company adheres to the Chinese Accounting Standards, ensuring that the financial statements accurately reflect its financial position and performance as of June 30, 2021[134]. Challenges and Risks - The company faces risks from increasing international trade barriers, particularly from the U.S. and Europe, impacting its tire products[38]. - The company has faced challenges from ongoing global pandemic conditions, necessitating proactive planning for production and operational continuity[39]. - The company reported a foreign exchange loss of -14,508,665.20 CNY during the reporting period, compared to a gain of 5,874,458.30 CNY in the same period last year[113].