CEVIA(SZ:000885)2021-08-16 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,162,027,706.68, representing a 199.93% increase compared to the same period last year[26]. - The net profit attributable to shareholders of the listed company reached ¥467,214,134.10, a significant increase of 1,353.38% year-on-year[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥451,410,595.07, up 1,412.39% from the previous year[26]. - The net cash flow from operating activities was ¥598,063,861.38, reflecting a 171.99% increase compared to the same period last year[26]. - Basic earnings per share were ¥0.7277, an increase of 1,110.82% year-on-year[26]. - The company reported a significant increase in tax expenses, which rose by 673.99% to ¥159,653,344.48, reflecting the overall profit growth[42]. - The total revenue for the reporting period was 8,088.08 million, indicating a robust operational performance[123]. - The company has not reported any significant sales returns during the reporting period, indicating stable sales performance[123]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥16,261,271,539.80, a 20.54% increase from the end of the previous year[26]. - The net assets attributable to shareholders of the listed company were ¥5,102,969,423.82, representing a 7.70% increase compared to the end of the previous year[26]. - The company's total liabilities increased to ¥6,084,500,000, with long-term borrowings at ¥5,511,728,915.51, representing 33.89% of total liabilities[49]. - The debt-to-asset ratio increased to 64.75%, up by 4.29% from 60.46%[187]. - The total liabilities amounted to CNY 10,528.87 million, compared to CNY 8,188.36 million last year[199]. Business Operations - The environmental protection sector contributed ¥1,172,651,562.66, accounting for 54.24% of total operating revenue, showing a remarkable growth of 1,584.24% year-on-year[42]. - The company's operating costs increased by 160.48% to ¥1,301,640,491.02, primarily due to the growth in the environmental protection business[42]. - The company is actively expanding its business in waste incineration and sewage treatment, aiming to enhance its profitability and industry influence[36]. - The company secured new contracts in the new sanitation sector with a total annual contract value of ¥48,848,500[36]. - The company has obtained operating rights for over 20 waste incineration power projects in Henan province, aligning with the provincial policy to establish more than 60 such projects[38]. Investments and Acquisitions - The company’s investment in the Zhengzhou Qidi Zero Carbon Technology Co., Ltd. amounted to ¥1,008,000,000.00, with a 100% ownership stake[52]. - The acquisition of 100% equity in Zhengzhou Qidi Zero Carbon Technology Co., Ltd. was completed for a transaction price of 100,800.9 million, enhancing the company's capabilities in hazardous waste management[124]. - The company also acquired 95% equity in Wuhan Qidi Ecological Environmental Technology Co., Ltd. for 28,147.8 million, further expanding its environmental services portfolio[124]. - The company plans to conduct a share swap merger with Tsinghua Environment Technology Co., Ltd. and raise supporting funds through the issuance of A-shares[133]. Risk Management - The company has outlined potential risks and corresponding measures in its management discussion and analysis section[7]. - The company faces risks from potential changes in national industry policies, which could impact operations and profitability[64]. - The company aims to mitigate management risks associated with rapid business expansion by enhancing its management systems and internal controls[67]. Corporate Governance - The company does not plan to distribute cash dividends or issue bonus shares for this reporting period[7]. - The participation rate in the 2021 annual general meeting was 66.63%, indicating strong shareholder engagement[71]. - The company has no stock incentive plans, employee stock ownership plans, or other employee incentive measures in place during the reporting period[74]. - There were no overdue commitments or non-operating fund occupations by major shareholders during the reporting period[108]. - The company reported no violations regarding external guarantees during the reporting period[109]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities[78]. - The total annual emissions for SO2 are 26.54 tons and NOX are 139.5 tons, with the approved discharge limits being 55 tons/year for SO2 and 200 tons/year for NOX[78]. - The company actively engages in social responsibility activities, including public welfare initiatives for students and sanitation workers[104]. - The company conducted multiple community activities to promote waste classification awareness, significantly improving residents' understanding of waste sorting[105]. - The company held 6 professional training sessions in various fields, enhancing employee skills and compliance with labor laws[105].