North Copper(SZ:000737)2021-08-17 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 556,920,167.97, representing a 3.15% increase compared to CNY 539,892,294.64 in the same period last year[21]. - The net profit attributable to shareholders of the listed company decreased by 89.50% to CNY 9,853,469.96 from CNY 93,833,580.61 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was CNY 9,991,080.65, a significant increase of 155.42% compared to a loss of CNY 18,029,234.42 in the previous year[21]. - The net cash flow from operating activities was CNY 29,062,103.82, a substantial increase of 435.78% from a negative cash flow of CNY 8,655,026.14 in the same period last year[21]. - The total profit decreased by 87.14% to ¥12,681,529.42, while net profit fell by 89.43% to ¥9,941,881.94[35]. - The company’s R&D investment decreased by 35.33% to ¥2,165,743.34, indicating a reduction in research expenses[37]. - The company’s financial expenses decreased significantly by 54.67% to ¥7,491,310.41, primarily due to a reduction in interest-bearing liabilities[37]. - The company reported a cash flow of 146.7 million during the reporting period[163]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,186,683,845.90, down 5.51% from CNY 1,255,923,327.61 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company increased by 2.50% to CNY 514,280,895.31 from CNY 501,746,775.35 at the end of the previous year[21]. - Cash and cash equivalents at the end of the reporting period were ¥211,088,489.49, a decrease of 26.37% from the previous year[47]. - The company reported a maximum daily deposit limit of 40 million with an interest rate range of 0.42%-1.35% from Shanxi Coking Coal Group Financial Co., Ltd.[163]. - Accounts receivable stood at ¥92,539,172.54, showing a slight decrease of 2.3% from ¥95,748,648.73 at the end of 2020[200]. - Inventory increased to ¥122,766,056.68, up by 6.9% from ¥115,767,148.83 at the end of 2020[200]. Market Position and Strategy - The company maintained a strong market position in the inorganic salt industry, being a vice president unit of the China Inorganic Salt Industry Association[31]. - The company is actively engaged in market expansion and product technology upgrades, including the development of advanced nano barium sulfate technology[31]. - The company plans to continue expanding its market presence through strategic partnerships and acquisitions in the chemical sector[140]. - The company is focusing on new product development and technological advancements to enhance its competitive edge in the market[140]. - The company is exploring opportunities for market expansion in the logistics and chemical sectors to drive future growth[144]. Environmental Compliance - The company has no significant environmental violations, with all emissions within regulatory limits[70]. - The company strictly adheres to environmental protection laws and regulations during its production operations[72]. - The company has implemented a two-stage dust removal system and alkaline desulfurization process to treat waste gas emissions, ensuring compliance with emission standards[72]. - The company has established an environmental management organization and a comprehensive environmental management system at its subsidiaries[73]. - The company has developed emergency response plans for environmental incidents and conducts regular training and drills for employees[73]. Related Party Transactions and Governance - The company guarantees that no related party transactions will harm its interests, and any such transactions will adhere to market fairness and transparency principles[89]. - The company is committed to maintaining the independence of its management and operational structures from its controlling shareholder, Shanjiao Salt Chemical[95]. - The company has pledged to minimize related party transactions and will not seek preferential treatment over third parties in business cooperation[89]. - The company has established a complete corporate governance structure to ensure independent decision-making by its board and management[109]. - The company has a clear policy against providing financial support or loans to its controlling entities[103]. Future Outlook - The company expects to achieve a revenue of 4,357 million with a growth rate of 53.14% for the upcoming year[150]. - The company anticipates a strong performance in the second half of the year, driven by increased demand and strategic initiatives[150]. - The company has set a performance guidance for the upcoming quarter, expecting a growth rate of approximately 15%[142]. Legal and Compliance Matters - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment[130]. - The company has not engaged in any violations of external guarantees during the reporting period, ensuring compliance with regulations[131]. - The half-year financial report has not been audited, which may affect the reliability of the financial data presented[132]. - The company has not reported any penalties or rectifications during the reporting period, indicating compliance with regulatory standards[136].