建业股份(603948) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥1,301,175,606.75, representing a 68.98% increase compared to ¥770,003,557.82 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2021 was ¥108,270,870.34, a 60.26% increase from ¥67,560,261.97 in the previous year[19]. - Basic earnings per share for the first half of 2021 were ¥0.68, up 47.83% from ¥0.46 in the same period last year[20]. - The company reported a total profit of ¥128,323,084.81 for the first half of 2021, a 59.7% increase from ¥80,400,139.27 in the same period of 2020[125]. - The total profit for the first half of 2021 reached CNY 96,206,217.01, up 39.3% from CNY 69,082,669.73 in the first half of 2020[129]. - The net profit for the first half of 2021 was CNY 82,588,279.33, representing a 40.3% increase from CNY 58,856,967.04 in the same period last year[129]. Cash Flow and Financial Position - The net cash flow from operating activities improved significantly to ¥16,953,838.52, compared to a negative cash flow of ¥32,123,294.28 in the same period last year, marking a 152.78% change[19]. - Cash inflows from operating activities amounted to CNY 740,548,707.31, compared to CNY 518,669,658.60 in the first half of 2020, reflecting a growth of 42.7%[131]. - The ending balance of cash and cash equivalents was CNY 589,161,042.73, up from CNY 137,997,191.17 at the end of the first half of 2020[132]. - The cash and cash equivalents at the end of the reporting period were ¥589,161,042.73, a decrease of 16.39% from ¥704,630,085.55 at the end of the previous year[36]. - The company reported a significant increase in inventory, which rose by 29.8% to ¥219,306,064.73 from ¥168,961,663.44 in the previous year[36]. - Total liabilities increased to CNY 634,733,828.81 from CNY 492,811,848.16, indicating a rise of around 28.8%[118]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Hangzhou Xinde Environmental Technology Co., Ltd., which is now a wholly-owned subsidiary[30]. - The company is investing in a project to produce 18,000 tons of ultra-pure electronic-grade chemicals annually, with the first phase of 6,000 tons of ammonia water entering the debugging stage[30]. - The company has invested CNY 77,075,301.59 in construction projects, significantly up from CNY 32,659,720.89, indicating a growth of approximately 135.5%[116]. Research and Development - Research and development expenses surged by 96.76% to ¥41,238,634.53, up from ¥20,958,601.69 in the previous year[36]. - The company added 14 new effective patents during the reporting period, including 8 invention patents and 6 utility model patents[30]. Environmental Compliance and Management - The company is subject to environmental regulations and has reported non-compliance in wastewater discharge, specifically exceeding CODcr and ammonia nitrogen limits[54]. - The company has established various pollution control facilities, including wastewater, waste gas, solid waste, and noise pollution treatment systems as per environmental impact assessment requirements[56]. - The company is actively participating in carbon emission reduction efforts, implementing energy-saving measures to reduce electricity and steam loads, and has included its subsidiary in the national carbon emissions trading management list[71]. - The company has committed to maintaining compliance with environmental regulations, with no administrative penalties reported during the reporting period[69]. Shareholder and Corporate Governance - The company does not plan to distribute profits or increase capital reserves during this reporting period[4]. - The company reported a profit distribution plan with no dividends or stock bonuses proposed for the half-year period[51]. - The company appointed Sun Qi as the new Vice General Manager and elected Zhang Youzhong as a non-independent director[50]. - The company has committed to not transferring or managing shares held prior to the public offering for a period of 36 months from the listing date[77]. Market Position and Product Performance - The company has a strong market position, with a significant share in the low-carbon fatty amines and plasticizers markets, and has been recognized as a well-known trademark in the industry[28]. - Sales volume growth rates for key products were 25.98% for low-carbon fatty amines, 10.17% for plasticizers, 2.51% for acetate esters, and 44.01% for electronic chemicals compared to the previous year[29]. - The company reported a significant increase in sales revenue for its main products, with growth rates of 69.75% for low-carbon fatty amines, 75.69% for plasticizers, 38.93% for acetate esters, and 35.63% for electronic chemicals compared to the previous year[29]. Financial Structure and Equity - The total assets of the company increased by 11.48% to ¥2,118,415,131.52 from ¥1,900,222,280.53 at the end of the previous year[19]. - Shareholders' equity reached CNY 1,483,681,302.71, compared to CNY 1,407,410,432.37, showing an increase of about 5.4%[118]. - The total owner's equity at the end of the reporting period is CNY 1,357,354,679.86, an increase from CNY 801,953,527.73 at the end of the previous year, reflecting a growth of approximately 69%[153].