EBEM(SH:603002)2021-08-17 16:00Financial Performance - The company's operating revenue for the first half of 2021 reached ¥2,073,179,199.61, representing a 100.15% increase compared to ¥1,035,804,354.39 in the same period last year[20]. - Net profit attributable to shareholders was ¥197,946,332.02, a significant increase of 136.91% from ¥83,553,628.21 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥195,732,876.18, marking a 332.85% increase from ¥45,219,592.95 in the same period last year[20]. - Basic earnings per share for the first half of the year was 0.22 RMB, an increase of 144.44% compared to the same period last year[22]. - The weighted average return on net assets increased by 4.59 percentage points to 9.57% compared to the same period last year[22]. - Operating costs rose to RMB 1,736,538,190.47, an increase of 99.07% from RMB 872,304,818.36 year-on-year[91]. - Research and development expenses increased by 68.01%, reaching RMB 35,912,718.56 compared to RMB 21,375,178.10 in the previous year[91]. Cash Flow and Assets - The net cash flow from operating activities for the reporting period was -40,181,909.12 RMB, a decrease of 138.22% compared to the previous year[22]. - The net assets attributable to shareholders of the listed company decreased by 1.27% to 1,945,482,488.07 RMB compared to the end of the previous year[22]. - Total assets increased by 8.09% to 3,725,024,410.79 RMB compared to the end of the previous year[22]. - Accounts receivable increased by 55.50% to RMB 1.30 billion, attributed to higher sales volume[95]. - Short-term borrowings rose by 62.88% to RMB 116.04 million, reflecting increased bank loans[95]. - Total liabilities increased to CNY 1,779,541,922.72, compared to CNY 1,475,733,237.19 at the end of 2020, marking a rise of 20.6%[196]. - Cash and cash equivalents decreased to CNY 828,963,478.91 from CNY 1,024,244,062.71, a decline of 19.1%[192]. Market and Product Development - The epoxy resin market saw price increases and strong demand due to rising raw material prices and increased demand from downstream electronic terminal products[31]. - The copper-clad laminate industry is benefiting from the rapid development of 5G base stations and the growth of electronic consumption, leading to increased orders for copper-clad laminate manufacturers[32]. - The company focuses on high-end, environmentally friendly products and customized solutions to enhance product competitiveness[31]. - The company has nearly 3,000 accumulated customers, with approximately 1,000 active transactions during the reporting period, enhancing its market responsiveness[47]. - The company has established a high-end positioning by introducing electronic-grade epoxy resin, significantly reducing reliance on imported products in the domestic market[51]. - The company has developed a new generation of phosphorus-containing epoxy resin, which is expected to become a mainstream product in the halogen-free market[77]. - The company is conducting research on 6G resin materials to meet future technological demands[78]. Research and Development - The company holds 24 domestic invention patents, 1 Japanese patent, 1 US patent, and 1 Taiwanese patent, with 11 additional patents under review, showcasing its strong R&D capabilities[48]. - The company has implemented fine management in production, focusing on quality control and cost reduction, which has improved production efficiency[58]. - The company has successfully optimized existing materials for PCB clients, achieving mass production certification for multiple products[85]. - The company has applied for multiple patents related to its new product developments, indicating a strong focus on innovation[79]. Environmental and Social Responsibility - The company has implemented strict environmental protection measures, with specific pollutant emissions from its subsidiaries monitored and reported, including methanol emissions of 0.0038 tons and acetone emissions of 0.0033 tons in the first half of 2021[117]. - The company emphasizes continuous investment in environmental protection facilities and promotes a clean production and circular economy model to enhance environmental management[126]. - The company donated RMB 30,000 to the Zhuhai Red Cross Society as part of its social responsibility initiatives[145]. - Zhuhai Hongchang has implemented comprehensive environmental protection measures, including three sets of waste gas treatment devices and a wastewater treatment station[127]. Corporate Governance and Shareholder Information - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital for this reporting period[6]. - The company has not faced any violations in decision-making procedures for external guarantees[7]. - The total amount of guarantees provided by the company, including those to subsidiaries, was RMB 918 million, which accounted for 47.19% of the company's net assets[165]. - The company’s share structure remained unchanged during the reporting period, with no new shares issued or existing shares canceled except for the performance compensation[170]. - The total number of ordinary shareholders at the end of the reporting period was 27,846[175]. - The company repurchased and canceled a total of 10,596,116 shares at a total price of RMB 1.00 due to unmet performance commitments from a major asset restructuring in 2020[109].