Mtalco(SH:601677)2021-08-23 16:00Financial Performance - The company's operating revenue for the first half of 2021 reached ¥10,758,714,234.80, representing a 50.40% increase compared to ¥7,153,414,914.50 in the same period last year[21]. - Net profit attributable to shareholders was ¥844,176,639.15, a significant increase of 140.75% from ¥350,647,097.55 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥724,305,173.19, up 138.19% from ¥304,089,712.67 year-on-year[21]. - Basic earnings per share for the first half of 2021 were ¥1.29, a 126.32% increase compared to ¥0.57 in the same period last year[22]. - Operating profit reached 1.10 billion CNY, up 130.78% compared to the same period last year[50]. - The company reported a total comprehensive income of ¥852,552,770.90 for the first half of 2021, compared to ¥367,851,618.83 in the previous year, marking an increase of around 131.9%[147]. - The total profit for the first half of 2021 was ¥511,977,915.77, compared to ¥106,046,217.43 in the same period of 2020, which is an increase of approximately 384.5%[151]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥14,923,502,485.20, reflecting a 16.83% increase from ¥12,773,468,798.64 at the end of the previous year[21]. - The company's total current assets amounted to approximately ¥9.90 billion, an increase from ¥8.34 billion in the previous year, reflecting a growth of about 18.7%[131]. - The total liabilities of the company reached approximately ¥4.97 billion, compared to ¥3.76 billion in the previous year, indicating an increase of about 32.2%[136]. - The company's debt-to-asset ratio increased to 33.30%, up from 29.40% at the end of the previous year, representing a 3.90 percentage point increase[128]. - The company's total liabilities at the end of the reporting period were approximately 4.58 billion, which is a critical factor in assessing the company's financial health[175]. Cash Flow - The company reported a net cash flow from operating activities of ¥821,091,888.15, down 39.31% from ¥1,352,827,156.79 in the same period last year[21]. - The company's cash and cash equivalents at the end of the period amounted to ¥2,177,404,637.96, representing 14.59% of total assets, an increase of 5.05% compared to the previous year[57]. - The company generated cash flow from operating activities amounting to ¥9,073,008,053.10 in the first half of 2021, compared to ¥4,978,414,800.04 in the same period of 2020, representing an increase of about 82.5%[155]. - Cash inflows from investment activities were CNY 2,286,522,369.13, a decrease from CNY 3,449,013,916.82[158]. - The net cash flow from financing activities was CNY -162,701,662.81, down from CNY -274,532,832.40[161]. Production and Capacity - The company has an annual processing capacity of over 680,000 tons of waste aluminum and 120,000 tons of aluminum ash utilization, reaching an internationally advanced level[32]. - In the first half of 2021, the production of raw aluminum was 19.6352 million tons, a year-on-year increase of 10.06%, while aluminum product output was 29.6582 million tons, up 14.95% year-on-year[34]. - The company aims to achieve a production capacity of 1.15 million tons of recycled aluminum by 2025, in line with national circular economy development goals[34]. - The company is expanding its production capacity with a new 360,000-ton recycled aluminum alloy project and the first green ecological resource utilization production line in China[53]. Research and Development - Research and development expenses increased by approximately 109.19% to 459 million CNY, with a total of 203 authorized patents, including 39 invention patents[51][49]. - The company is actively developing new products and projects to adapt to market changes and increase market share in high-end products[34]. - Research and development expenses for the first half of 2021 were ¥459,471,131.72, up from ¥219,643,852.98 in the same period last year, reflecting a 109.5% increase[144]. Environmental Initiatives - The company is committed to green economy initiatives, focusing on the recycling and utilization of aluminum resources to support carbon neutrality goals[53]. - The company has implemented a new denitrification system in the melting workshop, ensuring that pollutant emissions are significantly below the standards, with concentrations of particulate matter at 3.56 mg/m³, sulfur dioxide at 9.65 mg/m³, and nitrogen oxides at 52.7 mg/m³, all well within regulatory limits[80]. - The company has invested in a resource recycling production line to promote efficient resource utilization and reduce carbon emissions, aligning with national goals for a circular economy[88]. - The company has established emergency response plans for environmental pollution incidents, ensuring effective measures are in place for rapid and organized responses[84]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 20,870[102]. - The total number of shares increased from 661,356,643 to 682,555,170, reflecting an increase of 21,198,527 shares due to the conversion of convertible bonds[102]. - The top shareholder, Ma Tingyi, held 105,916,800 shares, representing 15.52% of the total shares[103]. - The company reported that 237,361,000 CNY of convertible bonds were converted into shares during the first half of 2021[102]. Corporate Governance - The company maintained zero stock pledges, external guarantees, and related party fund occupation, ensuring a high-quality corporate governance structure[50]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[6]. - The company does not plan to distribute profits or increase capital reserves for the half-year period[73].