泰山石油(000554) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,291,039,452.82, representing a 19.17% increase compared to ¥1,083,382,790.80 in the same period last year[20]. - The net profit attributable to shareholders was ¥1,515,290.36, a significant increase of 1,272.27% from ¥110,422.05 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥24,932.19, which is a decrease of 88.50% compared to ¥216,716.67 in the same period last year[20]. - The net cash flow from operating activities was negative at -¥138,489,482.52, a decline of 160.68% from ¥228,210,728.83 in the previous year[20]. - Basic and diluted earnings per share increased to ¥0.0032, up 1,500.00% from ¥0.0002 in the previous year[20]. - Total operating revenue for the first half of 2021 reached CNY 1,291,039,452.82, an increase of 19.2% compared to CNY 1,083,382,790.80 in the same period of 2020[113]. - Net profit for the first half of 2021 was CNY 1,596,287.60, compared to CNY 179,165.56 in the first half of 2020, representing an increase of 790.5%[115]. - The total comprehensive income for the first half of 2021 was 522.11 million, reflecting a decrease of 2,556.27 million compared to the previous period[135]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,367,466,472.56, a decrease of 7.98% from ¥1,486,065,037.29 at the end of the previous year[20]. - The company's total assets decreased to CNY 1,360,261,207.18 as of June 30, 2021, down from CNY 1,566,743,094.19 at the end of 2020, a decline of 13.2%[112]. - Current assets totaled CNY 453,109,647.10, a decrease of 27.1% from CNY 621,422,038.79 at the end of 2020[111]. - The total liabilities decreased to CNY 365,836,719.17, down from CNY 568,136,095.35, a reduction of 35.6%[112]. - The company's total equity increased slightly from CNY 917,033,523.06 to CNY 924,474,888.65, indicating a growth of approximately 0.5%[108]. Cash Flow - The company's cash flow from operating activities was negative at -¥138,489,482.52, a decline of 160.68% compared to ¥228,210,728.83 in the same period last year[31]. - The net cash increase in cash and cash equivalents was -¥156,919,042.88, a decrease of 182.35% from an increase of ¥190,552,913.52 in the previous year[32]. - Cash and cash equivalents at the end of the first half of 2021 were ¥72,418,849.50, down from ¥225,595,574.81 at the end of the first half of 2020[124]. Market Position and Strategy - The company remains the largest distributor of refined oil and vehicle natural gas in Tai'an City, maintaining a strong market position despite increased competition[28]. - The company plans to enhance its reform and integration efforts, focusing on the development of three industry chains: refined oil, non-oil products, and new energy[46]. - The company aims to accelerate the expansion of its new energy business and the construction of comprehensive energy stations, promoting quality and efficiency transformations[47]. Environmental and Social Responsibility - The company has implemented pollution prevention facilities in accordance with environmental impact reports, ensuring normal operation during the reporting period[58]. - All construction projects have complied with national environmental protection laws, obtaining discharge permits for all subsidiaries[59]. - The company has allocated 200,000 RMB for poverty alleviation efforts, improving living conditions for local residents[61]. Governance and Shareholder Engagement - The company held three shareholder meetings during the reporting period, with investor participation rates of 24.73%, 24.81%, and 25.52% respectively[51]. - The company does not plan to distribute cash dividends or issue bonus shares for the half-year period[54]. - There were no significant legal disputes or penalties reported during the reporting period[70]. Financial Reporting and Compliance - The half-year financial report has not been audited[68]. - The financial statements are prepared based on the going concern assumption and comply with the enterprise accounting standards[147]. - The company’s accounting policies include depreciation of fixed assets and amortization of intangible assets[146]. Share Capital and Ownership - The total number of shares outstanding is 480,793,318, with 24.57% held by state-owned entities[89][91]. - The largest shareholder, China Petroleum & Chemical Corporation, holds 118,140,121 shares, representing 24.57% of total shares[91]. - There were no changes in share capital or significant share repurchase activities during the reporting period[90][92].