苏利股份(603585) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥974,211,271.52, representing a 46.19% increase compared to ¥666,408,634.15 in the same period last year[19]. - The net profit attributable to shareholders was ¥96,919,247.98, which is a 12.50% increase from ¥86,154,056.74 in the previous year[19]. - The net cash flow from operating activities increased significantly by 150.42%, amounting to ¥115,714,872.55 compared to ¥46,207,800.28 in the same period last year[19]. - Basic earnings per share for the first half of 2021 were ¥0.54, up 12.50% from ¥0.48 in the same period last year[20]. - The weighted average return on equity increased to 4.69%, up 0.40 percentage points from 4.29% in the previous year[20]. - The company achieved a consolidated revenue of ¥974,211,271.52, representing a year-on-year growth of 46.19%[32]. - The net profit attributable to shareholders was ¥96,919,247.98, reflecting a year-on-year increase of 12.50%[32]. - The company's R&D expenses increased by 29.91% to ¥54,188,656.77, indicating a strong commitment to product development[35]. - The company plans to issue convertible bonds not exceeding ¥100 million to support the construction of the Ningxia project, which has been approved by the board and shareholders[32]. - The company reported a net profit distribution to shareholders of approximately 118.80 million, indicating a strong return on investment[138]. Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥3,322,454,351.69, an increase of 8.29% from ¥3,068,246,382.92 at the end of the previous year[19]. - The net assets attributable to shareholders increased by 2.11%, reaching ¥2,071,124,732.21 compared to ¥2,028,406,562.76 at the end of the previous year[19]. - Total liabilities increased to ¥769,947,967.12 from ¥547,970,522.78, which is an increase of around 40.3%[113]. - The company's equity attributable to shareholders reached ¥2,071,124,732.21, up from ¥2,028,406,562.76, reflecting a growth of about 2.1%[113]. - The total assets at the end of the current period were approximately 2,552.51 million, showing growth in the company's asset base[139]. - The total liabilities at the end of the current period were approximately 1,063 million, maintaining a stable leverage ratio[139]. Market and Industry Position - The company primarily engages in the research, production, and sales of pesticides, flame retardants, and other fine chemical products, including key products like Bacillus thuringiensis and flame retardant decabromodiphenyl ether[25][26]. - The pesticide industry is supported by recent regulations aimed at improving agricultural productivity and ensuring food safety, which enhances the market environment for the company's products[27]. - The company has a strong brand presence in the pesticide sector, recognized as a leading manufacturer with its "Suli" brand being awarded as a famous trademark in China[28]. - The company has maintained a stable customer base, with many clients being industry leaders, ensuring consistent demand for its products[28]. - The company’s export tax rebate for certain products has been increased to 9%, enhancing its competitiveness in international markets[27]. Research and Development - The company has been recognized as a high-tech enterprise and has established research centers, contributing to its technological advancements in pesticide and flame retardant production[29]. - The company's R&D expenses increased to CNY 54,188,656.77, up 29.9% from CNY 41,712,899.92 in the first half of 2020[120]. - Research and development expenses for the first half of 2021 amounted to CNY 7,861,818.59, an increase of 17.3% from CNY 6,728,550.31 in the same period of 2020[124]. Environmental Compliance - The company emphasizes safety and environmental protection, having obtained ISO14001 and OHSAS18001 certifications, but faces risks from stricter regulations and potential penalties[50]. - The company is classified as a key pollutant discharge unit and holds a valid discharge permit until April 2023, indicating ongoing environmental compliance efforts[59]. - The company reported a total COD emission of 1.237 tons per year, with a concentration of 199.17 mg/m³, which is compliant with the standards[60]. - The company has implemented a continuous monitoring system for volatile organic compounds, with emissions recorded at 0.607 tons per year[61]. - The company has made significant investments in environmental protection measures, including the use of activated carbon adsorption for VOCs[70]. Financial Governance - The company has not proposed any profit distribution or capital reserve transfer for the half-year period[57]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period, reflecting good financial governance[90]. - The company has not engaged in any major guarantees or violations during the reporting period, ensuring compliance with regulations[90]. - The total amount of related party transactions during the reporting period was RMB 116,046,095.22, with significant transactions including sales of agricultural products[93]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period is 10,406[102]. - The largest shareholder, Miao Jinfeng, holds 72,000,000 shares, representing 40.00% of the total shares[104]. - The company has not experienced any changes in its share capital structure during the reporting period[101]. - The company maintains a 76% ownership stake in its subsidiary after the capital increase, indicating a strong control over its investments[94]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[136]. - The company is focused on enhancing shareholder value through strategic investments and operational efficiencies[136].