SCMF(SZ:000731)2021-08-23 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,778,252,588.84, representing a 28.41% increase compared to the same period last year[24]. - The net profit attributable to shareholders was CNY 208,393,794.04, a significant increase of 413.33% year-on-year[24]. - The net cash flow from operating activities reached CNY 280,776,877.73, marking a 1,220.81% increase compared to the previous year[24]. - Basic earnings per share were CNY 0.3523, up 413.56% from CNY 0.0686 in the same period last year[24]. - The total assets at the end of the reporting period were CNY 3,984,392,289.21, a slight decrease of 0.49% from the end of the previous year[24]. - The net assets attributable to shareholders increased by 6.33% to CNY 3,057,434,547.91 compared to the end of the previous year[24]. - The weighted average return on net assets was 6.99%, an increase of 5.55% compared to the previous year[24]. - The company achieved a revenue of 1.778 billion yuan and a net profit of 208 million yuan during the reporting period[45]. - The company reported a total liability of ¥715,047,568.74, down from ¥774,555,157.51 in the previous year, indicating a decrease of 7.6%[163]. - The total equity increased to ¥2,863,223,965.49 from ¥2,829,266,194.36, reflecting a growth of 1.2% year-over-year[163]. Production and Sales - The company produced 20.83 million tons of urea and 16.30 million tons of compound fertilizer, with sales of 17.87 million tons of urea and 17.08 million tons of compound fertilizer during the reporting period[32]. - The demand for automotive urea is on a stable upward trend, with the company producing 11.48 million tons and selling 11.49 million tons of automotive urea[34]. - The company produced 2.67 million tons of melamine and sold the same amount, while producing 13.08 million tons of liquid ammonium nitrate and selling 8.75 million tons of ammonium products[38]. - The company produced 9.40 million tons of LNG and sold 9.30 million tons during the reporting period, with LNG expected to grow at an annual rate of approximately 12%[39]. - The company's market share for fertilizer products continues to increase, covering over 20 provinces and cities nationwide[43]. Research and Development - The company's R&D investment increased significantly by 154.77%, amounting to ¥4,139,237.69, compared to ¥1,624,722.30 in the previous year, indicating a strong focus on new product development[56]. - The company holds 45 valid national patents, including 21 invention patents, showcasing its commitment to innovation and technology advancement[52]. - The company is collaborating with agricultural research institutions to develop new fertilizer technologies and improve product offerings[46]. Environmental and Safety Management - The company continues to face various risks, including safety and environmental risks, price fluctuations, and supply chain issues, and will take proactive measures to address these risks[5]. - The company has strengthened safety and environmental management, ensuring compliance with all monitoring standards[45]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[88]. - The company has reported a total wastewater discharge of 0.085 tons and a total annual discharge of 15.34 tons, adhering to pollution discharge standards[88]. - The company has implemented various pollution control facilities, including a low-nitrogen combustion system, ensuring compliance with environmental standards[91]. Corporate Governance and Shareholder Relations - The company has established a comprehensive governance structure to protect shareholder and creditor rights, ensuring transparency and fairness in operations[97]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[103]. - The company has maintained a clean integrity status with no reported issues for itself or its controlling shareholders[110]. - The company has approved a share repurchase plan to buy back public A-shares using its own funds, aimed at reducing registered capital[139]. Market Strategy and Expansion - The company aims to become a leading packaging enterprise in Western China, focusing on green packaging and functional materials[38]. - The fertilizer industry is transitioning towards eco-friendly and efficient products, with a focus on differentiated and personalized crop nutrition solutions[33]. - The company is adapting to market trends by enhancing its product offerings and focusing on sustainable development in response to increasing environmental regulations[33]. - The company has implemented a marketing strategy that includes 26 agricultural technology promotion meetings, training over 1,200 farmers, and directly or indirectly driving sales of over 10,000 tons[47]. Financial Management - The financial expenses decreased by 24.73% to ¥5,742,162.00, down from ¥7,629,243.87, indicating better cost management[56]. - The company achieved a significant increase in investment income, which rose by 296.72% to ¥11,509,080.89, compared to ¥2,901,085.36 in the previous year, due to increased structured deposit scale and higher annual yield[57]. - The company has invested CNY 65,000 million in bank financial products, with an outstanding balance of CNY 55,000 million[134]. Legal and Compliance - The company reported a total of 10,998.81 million CNY in litigation amounts as a plaintiff, which did not meet the disclosure standard for significant litigation[108]. - The company has not faced any significant legal challenges that would impact its financial standing[108]. - The company has not reported any significant changes in its subsidiaries or other major events during the reporting period[136].