英力特(000635) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,251,636,867.31, representing a 61.40% increase compared to ¥775,470,022.24 in the same period last year[20]. - The net profit attributable to shareholders was ¥179,374,214.74, a significant increase of 1,794.64% from a loss of ¥10,584,780.70 in the previous year[20]. - The net cash flow from operating activities reached ¥256,434,886.81, marking a 160.06% increase from ¥98,605,409.12 in the same period last year[20]. - Basic earnings per share rose to ¥0.59, compared to a loss of ¥0.03 per share in the previous year, reflecting a 2,066.67% improvement[20]. - Total revenue for the reporting period reached ¥1,251,636,867.31, a year-on-year increase of 61.40% compared to ¥775,470,022.24 in the same period last year[39]. - The company achieved operating revenue of 1,251,636,867.31 yuan, a year-on-year increase of 61.40%, and net profit attributable to shareholders of the parent company was 17,937,420 yuan, an increase of 18,995,900 yuan year-on-year[37]. - Operating profit for the first half of 2021 was ¥241,813,423.75, recovering from a loss of ¥11,881,110.89 in the same period of 2020[132]. - The company reported a total comprehensive income of ¥179,396,950.15 for the first half of 2021, compared to a total comprehensive loss of ¥9,898,730.77 in the same period of 2020[136]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,466,909,076.52, up 10.62% from ¥3,134,204,218.65 at the end of the previous year[20]. - Total assets increased to ¥3,489,484,830.44 as of June 30, 2021, up from ¥3,156,727,922.01 at the end of 2020[129]. - Current assets totaled ¥1,979,855,260.77, an increase of 23.6% from ¥1,601,037,570.68 at the end of 2020[128]. - Total liabilities increased to ¥629,640,420.46, compared to ¥435,302,600.56 at the end of 2020, indicating a rise in financial obligations[129]. - The company's total equity attributable to shareholders reached CNY 2,835,956,067.66, an increase from CNY 2,697,559,714.54, reflecting a growth of about 5.1%[125]. Production and Operations - The main business activities include the production and sales of calcium carbide and its derivatives, PVC, caustic soda, and special resins, with a focus on stable supplier and customer relationships[28]. - The company produced 155,700 tons of calcium carbide in the first half of 2021, an increase of 2.23% year-on-year; PVC production was 112,800 tons, a decrease of 5.45% year-on-year; E-PVC production was 24,100 tons, an increase of 23.59% year-on-year; and caustic soda production was 101,300 tons, a decrease of 1.93% year-on-year[29]. - The company is advancing a 300,000-ton calcium carbide technical transformation project, with preliminary design completed by the design unit[30]. - The company has adopted advanced technologies in its production processes, including the use of DuPont's fourth-generation perfluorinated ion exchange membrane for ion membrane caustic soda production[34]. Cost Management - The company implemented a cost reduction and efficiency enhancement plan, achieving a 160.06% increase in cash generated from operating activities, totaling 256,434,886.81 yuan compared to the previous year[37]. - The company reported a 37.21% increase in operating costs, totaling 966,215,934.11 yuan, primarily due to rising raw material prices[37]. - The total operating expenses decreased slightly to ¥1,030,341,586.77 in the first half of 2021 from ¥1,020,408,275.85 in the first half of 2020, indicating better cost management[135]. Environmental and Safety Management - The company has strengthened safety management and environmental protection measures, implementing 43 key safety and environmental tasks during the reporting period[30]. - Environmental protection facilities are operating normally, with all emissions meeting national standards and no pollution incidents reported[72]. - The company achieved a 100% compliance rate in hazardous waste disposal during the reporting period[75]. - The company has implemented a third-party monitoring system for environmental pollutants, ensuring compliance with national standards[75]. - The company conducted multiple emergency drills for environmental incidents in 2021 to enhance employee response capabilities[74]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has not established any positions in PVC futures hedging during the reporting period[59]. - The independent directors confirmed that the company’s PVC hedging operations comply with relevant laws and regulations, and do not harm the interests of the company and its shareholders[59]. - The company has fulfilled all commitments made by its controlling shareholders and related parties during the reporting period[81]. - The largest shareholder, Guodian Yinglite Energy Chemical Group Co., Ltd., holds 51.25% of the shares, totaling 155,322,687 shares[111]. Risk Management - The company is facing risks related to safety production, quality, and environmental protection, and has implemented measures to mitigate these risks[60]. - The company is aware of market changes and competitive risks, and is taking measures to address these challenges[61]. - The company faces operational risks due to a single product structure and reliance on market fluctuations, particularly in crude oil prices[62]. - The company plans to adjust production types and structures in response to market changes, enhancing competitiveness by optimizing production costs[62]. Related Party Transactions - The company reported a total of 21,348.58 million CNY in related party transactions during the reporting period, with a maximum approved limit of 36,475 million CNY[91]. - The company engaged in procurement transactions with related parties, including 20,450.32 million CNY for raw materials from National Energy Group Ningxia Coal Industry Co., Ltd.[91]. - The company has maintained compliance with the relevant regulations regarding related party transactions[91]. Financial Reporting - The half-year financial report has not been audited[85]. - The financial report was approved by the board on August 18, 2021[168]. - The financial statements accurately reflect the company's financial position as of June 30, 2021, and its operating results and cash flows for the first half of 2021[173].