SHIMAO ENERGY(SH:605028)2022-08-12 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥200,788,120.02, representing a 9.32% increase compared to ¥183,664,647.62 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2022 was ¥95,673,968.53, up 14.77% from ¥83,363,148.98 in the previous year[18]. - The net cash flow from operating activities increased by 15.33% to ¥98,582,434.14, compared to ¥85,481,194.47 in the same period last year[18]. - Basic earnings per share for the first half of 2022 were ¥0.60, down 13.04% from ¥0.69 in the same period last year[19]. - The weighted average return on equity decreased by 8.49 percentage points to 8.98% compared to 17.47% in the previous year[19]. - The company achieved total revenue of 200.79 million yuan in the first half of 2022, representing a year-on-year growth of 9.32%[42]. - Main business revenue reached 170.25 million yuan, with a year-on-year increase of 7.38%[42]. - Net profit attributable to the parent company was 95.67 million yuan, reflecting a year-on-year growth of 14.77%[42]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,207,160,497.04, a 4.76% increase from ¥1,152,309,586.97 at the end of the previous year[18]. - The net assets attributable to shareholders at the end of the reporting period were ¥1,080,962,313.21, reflecting a 4.61% increase from ¥1,033,288,982.62 at the end of the previous year[18]. - Cash and cash equivalents reached 516,596,014.65, accounting for 42.79% of total assets, up from 34.79%[54]. - Accounts receivable rose to 90,533,445.72, reflecting a 10.54% increase year-over-year[54]. - Inventory increased by 44.89% to 10,357,380.58, driven by higher raw material stock levels[54]. - Long-term equity investments surged by 214.87% to 12,032,676.04, attributed to increased investment amounts[54]. - The company's total liabilities amounted to RMB 126,197,542.89, up from RMB 119,020,601.35, reflecting an increase of about 6.3%[131]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥2.00 per 10 shares, totaling ¥32,000,000.00, which will be submitted for approval at the upcoming shareholder meeting[5]. - The company distributed CNY 48,000,000.00 to shareholders during the reporting period, impacting the retained earnings negatively[141]. - The company plans to distribute dividends of 2.00 CNY per 10 shares, based on a total of 160,000,000 ordinary shares[79]. Industry and Market Position - The company operates in the "Electricity, Heat Production and Supply" industry, focusing on combined heat and power generation using municipal waste and coal as primary raw materials[23]. - The company is the only waste incineration treatment center in the Yuyao area, solidifying its market position[34]. - The company is positioned to benefit from the national policies encouraging the development of biomass energy and waste-to-energy projects[25]. - The company is actively expanding its waste-to-energy projects, leveraging government policies that promote clean energy and waste incineration[30]. Environmental and Safety Management - The company has implemented pollution control facilities, including SNCR denitrification and bag dust collection systems, with a denitrification efficiency of 67% for the new projects[83]. - The company has established an emergency response plan for environmental incidents, which was approved by experts and filed with the local environmental bureau[87]. - The company has a self-monitoring plan for emissions, including regular third-party testing for various pollutants in waste gas, wastewater, and solid waste[88]. - The company has maintained a zero-accident safety record during the reporting period, contributing to both economic and social benefits[42]. - The company has established a comprehensive safety management system and passed the ISO45001:2018 certification, ensuring no major safety incidents occurred during the reporting period[69]. Research and Development - The company has established a mature technical research and development system, holding 3 invention patents and 48 utility model patents[40]. - Research and development expenses amounted to ¥6,268,128.32, reflecting a year-on-year growth of 10.45% from ¥5,675,122.58[50]. - The company completed 16 technical transformation projects in the first half of 2022, including upgrades to the 3 furnace slag removal machine and steam blowing modifications[46]. Risks and Challenges - The company faces risks related to the supply of municipal waste, which is influenced by local waste management systems and population changes[66]. - Future changes in environmental regulations could increase the company's operational costs and impact profitability[65]. - The company is expanding its scale, which increases the demand for management and technical talent, posing a risk of potential talent loss due to competitive industry pressures[69]. Compliance and Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[6]. - There are no significant risks reported that could affect the accuracy and completeness of the financial report[6]. - The company guarantees that it will cover any penalties or back payments related to social insurance and housing funds without seeking reimbursement[103]. - The company will ensure that all related party transactions are documented through written contracts and comply with internal governance procedures[97].