华锦股份(000059) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the reporting period reached ¥18,637,205,130.76, representing a 40.52% increase compared to ¥13,263,082,440.38 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was ¥699,132,569.72, a significant turnaround from a loss of ¥669,092,128.99 in the previous year, marking a 204.49% increase[23]. - The net cash flow from operating activities was ¥1,023,957,597.40, compared to a negative cash flow of ¥1,009,813,735.63 in the same period last year, reflecting a 201.40% improvement[23]. - Basic earnings per share for the reporting period were ¥0.4371, a recovery from a loss of ¥0.4183 per share in the same period last year, representing a 204.49% increase[23]. - The weighted average return on net assets was 5.04%, a significant recovery from -5.04% in the previous year, indicating improved profitability[23]. - The net profit after deducting non-recurring gains and losses reached approximately ¥689.33 million, a significant increase of 201.48% year-over-year[97]. - The company reported a total profit for the first half of 2021 of ¥994.21 million, compared to a loss of ¥641.68 million in the same period of 2020[115]. Revenue Segmentation - The petrochemical segment accounted for 85.40% of total revenue, generating ¥15,916,137,118.04, up 40.13% from the previous year[38]. - The urea product segment generated revenue of ¥1,177,063,435.02, representing a year-on-year increase of 33.27%[38]. - The company's total revenue for the petrochemical segment reached ¥15,916,137,118.04, representing a year-on-year increase of 40.13%[41]. - The revenue from ABS products and by-products was ¥915,111,623.05, with a year-on-year growth of 4.91%[41]. - The Northeast region accounted for 50.81% of total revenue, with a year-on-year increase of 15.21%[41]. Asset and Liability Management - Total assets at the end of the reporting period amounted to ¥31,197,066,498.25, an increase of 11.82% from ¥27,899,652,411.93 at the end of the previous year[26]. - The net assets attributable to shareholders of the listed company were ¥14,113,179,775.13, up 4.27% from ¥13,535,819,313.84 at the end of the previous year[26]. - Total liabilities increased to ¥16,493,803,771.29, up from ¥13,787,713,303.31, representing a growth of approximately 19.6%[107]. - The debt-to-asset ratio rose to 52.87% from 49.42%, indicating a 3.45% increase compared to the previous year[97]. - Non-current liabilities totaled ¥7,555,402,671.00, compared to ¥6,306,610,511.71, marking an increase of around 19.7%[107]. Cash Flow and Investment - The company reported a net increase in cash and cash equivalents of ¥1,185,290,692.38, a 196.02% increase from ¥400,406,052.68 in the previous year[38]. - Cash flow from operating activities was ¥22.27 billion, an increase from ¥15.64 billion in the previous year, showing strong cash generation[124]. - Cash inflow from investment activities was CNY 1,270,000,000.00, significantly higher than CNY 150,000,000.00 in the prior year[130]. - Cash outflow for investment activities totaled CNY 1,288,841,038.47, compared to CNY 513,997,541.94 in the previous year, reflecting a rise of approximately 150.5%[130]. - The ending cash and cash equivalents balance was CNY 7,342,464,993.84, up from CNY 6,660,948,376.45 in the previous year[130]. Research and Development - Research and development investment rose by 35.38% to ¥51,585,792.03 from ¥38,105,029.66 in the previous year[38]. - The company plans to focus on expanding its petrochemical segment, which includes products such as diesel, polypropylene, polyethylene, and various chemical derivatives[30]. - The company is strategically optimizing its product structure and enhancing production technology to improve resource utilization efficiency[35]. Environmental and Social Responsibility - The company reported a total sulfur dioxide emission of 22.465 tons per year from its subsidiary Panjin Liaohe Futeng Thermal Power Co., Ltd.[59]. - The company reported a total nitrogen oxide emission of 142.889 tons per year from Panjin Liaohe Futeng Thermal Power Co., Ltd.[59]. - The company plans to complete four external donation assistance projects in 2021, with a total value of 1.7394 million yuan[63]. - The company donated 800,000 yuan to the designated poverty alleviation target in Heilongjiang Province[63]. - The company donated 250,000 yuan to six impoverished villages in Xinjiang[63]. Shareholder Information - The largest shareholder, Northern Huajin Chemical Group Co., Ltd., holds 434,445,409 shares, representing 27.16% of the total shares[84]. - The second-largest shareholder, China Weapon Investment Management Co., Ltd., holds 159,272,666 shares, representing 9.96% of the total shares[84]. - The total number of shareholders holding more than 5% of shares is 10, with no changes reported during the reporting period[84]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[86]. Compliance and Governance - The company had no significant litigation or arbitration matters during the reporting period[67]. - The company has no non-standard audit reports for the current or previous year[67]. - There were no significant penalties or rectification measures during the reporting period[68]. - The company did not engage in any significant asset or equity acquisitions or sales during the reporting period[72]. Accounting Policies - The financial statements are prepared based on the assumption of going concern and comply with the latest accounting standards issued by the Ministry of Finance[155]. - The company recognizes a financial asset or financial liability when it becomes a party to a financial instrument contract[169]. - Financial assets are classified at initial recognition based on the company's business model for managing financial assets and the contractual cash flow characteristics[169]. - The company recognizes expected credit losses for financial assets measured at amortized cost and debt instruments measured at fair value through other comprehensive income[172].