SHCI(SH:601225)2021-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2021 reached ¥7,266,871.07 million, an increase of 87.24% compared to the same period last year[16]. - The net profit attributable to shareholders of the listed company was ¥828,642.33 million, representing a 66.10% increase year-on-year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥785,876.57 million, up 79.55% from the previous year[16]. - Basic earnings per share for the first half of the year reached 0.8547 CNY, a 66.09% increase compared to the same period last year[17]. - The total profit reached 160.44 billion RMB, up by 77.90 billion RMB, marking a growth of 94.39% compared to the previous year[38]. - The net profit attributable to shareholders was 82.86 billion RMB, an increase of 32.98 billion RMB, reflecting a growth of 66.09% year-on-year[38]. - The total comprehensive income for the first half of 2021 was ¥13.20 billion, compared to ¥6.96 billion in the same period of 2020, marking an increase of 89.5%[134]. - The company reported a financial expense of ¥72.22 million in the first half of 2021, compared to a financial income of ¥26.03 million in the same period of 2020[132]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥1,447,034.22 million, a significant increase of 219.01% compared to the same period last year[16]. - Cash inflow from operating activities reached approximately ¥83.99 billion, a significant increase of about 111% from ¥39.71 billion in the first half of 2020[138]. - Cash and cash equivalents at the end of the period totaled approximately ¥31.91 billion, an increase of about 59% from ¥20.02 billion at the end of the first half of 2020[141]. - The company’s cash interest coverage ratio rose significantly to 71.90, an increase of 277.82% year-on-year, indicating strong cash flow from operating activities[122]. - The net increase in cash and cash equivalents for the period was approximately ¥10.07 billion, compared to ¥2.06 billion in the first half of 2020, indicating a growth of about 388%[141]. Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥16,221,990.95 million, an increase of 8.94% from the end of the previous year[16]. - The company's total equity amounted to ¥37,192,929,505.36, down from ¥42,109,672,882.72, showing a decrease of about 11.5%[130]. - Total liabilities rose to ¥54,244,328,610.66, compared to ¥39,485,688,179.40 in the previous period, indicating an increase of about 37.4%[130]. - The debt-to-asset ratio increased slightly to 40.61%, reflecting a stable operational performance with total assets growing[121]. - The total current assets increased to ¥56,905,346,498.33 from ¥48,748,502,790.36, representing a growth of about 16.4%[129]. Production and Sales - The company's coal production for the period was 70 million tons, representing a year-on-year increase of 21.07%[20]. - Coal sales amounted to 136 million tons, showing a growth of 29.20% year-on-year[20]. - The sales volume of trade coal increased by 36.68%, reaching 6,738.51 thousand tons, compared to 4,930.09 thousand tons in the previous year[35]. - The average selling price of coal rose to 500.45 RMB/ton, an increase of 49.01% year-on-year[38]. Research and Development - The company invested 300 million yuan annually in technology innovation, focusing on five core technology research areas[27]. - Research and development expenses surged by 260.21%, totaling 1,913.51 thousand RMB, indicating a strong focus on innovation[39]. - The company has established a capital operation platform to support the development of new energy and new materials sectors[21]. Environmental Management - The company is committed to achieving a balance between economic benefits and environmental protection, emphasizing sustainable development[57]. - The company has established a comprehensive environmental management system to enhance pollution control and resource conservation[57]. - The company implemented strict environmental protection measures, focusing on pollution prevention and promoting green mining practices[57]. - The company has established emergency response plans for environmental incidents, with the latest being registered in 2020[67][68]. Shareholder and Corporate Governance - The company held two shareholder meetings in the reporting period, including one annual and one extraordinary meeting, both conducted in compliance with legal and regulatory requirements[54]. - The company did not distribute profits or increase capital reserves during the reporting period[56]. - The top shareholder, Shaanxi Coal and Chemical Industry Group Co., Ltd., holds 6,313,825,200 shares, accounting for 63.14% of the total shares[112]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[115]. Risk Management - The company faces uncertainties in achieving its 2021 operational goals due to macroeconomic fluctuations and changes in coal and electricity supply and demand[5]. - Market risks are present as coal prices fluctuate, directly impacting profitability; the company plans to adjust product structure and enhance quality to mitigate these risks[50]. - The company is exposed to rising costs due to increased production factors and regulatory compliance, and it aims to improve cost control through budget management and technological innovation[51].