Quechen Company(SH:605183)2021-08-25 16:00Financial Performance - The company reported no profit distribution or capital reserve transfer for the first half of 2021[6]. - The financial report for the first half of 2021 has not been audited[5]. - The company's operating revenue for the first half of the year reached ¥704,092,870.67, representing a 59.75% increase compared to the same period last year[22]. - Net profit attributable to shareholders was ¥142,160,254.01, marking a 59.41% increase year-over-year[22]. - Basic earnings per share increased to ¥0.34, a rise of 41.67% compared to the same period last year[22]. - The total operating revenue for the first half of 2021 reached ¥704,092,870.67, a 59.8% increase compared to ¥440,746,225.95 in the same period of 2020[135]. - Net profit for the first half of 2021 was ¥142,160,248.06, representing a 59.4% increase from ¥89,178,354.30 in the first half of 2020[136]. - The total profit for the first half of 2021 was approximately ¥133 million, a 12.7% increase from ¥118 million in the same period of 2020[141]. Research and Development - The company has invested over 3% of its operating revenue in R&D annually, enhancing its technological leadership in precipitated silica[30]. - The company has obtained 33 invention patents and 114 utility model patents, covering production equipment and technology[32]. - Research and development expenses increased to ¥23,744,580.93, up from ¥12,908,385.12 in the first half of 2020, indicating a focus on innovation[135]. - The company has made significant investments in R&D, with R&D expenses increasing by 83.95% to 12.91 million yuan, focusing on expanding silica applications in various fields[41]. Production and Capacity - The company has a total production capacity of 330,000 tons, ranking third globally in the silica industry[27]. - The production volume of silica products was 123,861 tons, with sales volume at 124,351 tons, marking a significant year-on-year increase of approximately 49%[39]. - The company’s total silica production capacity ranks third globally, with a core factory in Wuxi having a capacity of 150,000 tons, among the highest in the world[36]. Market and Sales - The company focuses on high-performance materials for green tires and animal feed carriers, with significant growth in both export and domestic sales[27]. - The sales volume of high-dispersible silica surged by about 84% year-on-year, reaching a historical high, driven by the recovery of overseas markets and the increase in domestic tire greenification rates[39]. - The company achieved operating revenue of 704.09 million yuan, a year-on-year increase of 59.75%[39]. Financial Position - Cash and cash equivalents decreased by 38.26% to ¥724,990,838.43, accounting for 27.08% of total assets[45]. - Trade receivables increased by 21.77% to ¥384,199,826.96, representing 14.35% of total assets[45]. - Inventory rose by 17.78% to ¥137,082,352.46, making up 5.12% of total assets[45]. - Total assets decreased from ¥2,710,329,921.44 to ¥2,676,796,180.14, a decline of approximately 1.24%[126]. - Total liabilities increased from ¥310,519,562.87 to ¥361,393,765.54, an increase of approximately 16.36%[127]. Environmental Compliance - The company reported actual emissions of chemical oxygen demand at 13.47 tons, which is compliant with the local discharge standards[71]. - The company’s wastewater treatment facility has a processing capacity of 2,300 tons per day and is operating normally[75]. - The company has implemented a self-monitoring plan for environmental protection, ensuring compliance with national and local pollutant discharge standards[82]. - The company has upgraded its coal-fired boilers to gas boilers to improve energy efficiency and reduce pollutant emissions[87]. Corporate Governance - The board of directors confirmed that all members attended the meeting, ensuring the accuracy and completeness of the report[5]. - The company has committed to maintaining stock lock-up periods for its major shareholders for 36 months post-IPO, ensuring stability in shareholding[90]. - The company has committed to not transferring or misusing company assets for personal investments or consumption activities[93]. - There are no significant lawsuits or arbitration matters reported during the reporting period[99]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[136]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product portfolio[193]. - Market expansion efforts are underway, targeting new geographical regions to increase market share and revenue streams[193].