LTH(SZ:000912)2021-08-25 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 3,185,117,136.87, representing a 12.62% increase compared to CNY 2,828,230,729.72 in the same period last year[33]. - The net profit attributable to shareholders of the listed company reached CNY 308,950,621.98, a significant increase of 179.85% from CNY 110,396,932.50 in the previous year[33]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 282,365,193.03, up 168.41% from CNY 105,198,849.08 year-on-year[33]. - The basic earnings per share increased to CNY 0.1970, reflecting a growth of 181.43% compared to CNY 0.07 in the same period last year[33]. - The total assets at the end of the reporting period were CNY 9,366,254,326.07, marking a 19.29% increase from CNY 7,851,610,735.05 at the end of the previous year[33]. - The net assets attributable to shareholders of the listed company were CNY 5,731,043,422.60, which is a 5.77% increase from CNY 5,418,326,614.84 at the end of the previous year[33]. - The net cash flow from operating activities was CNY 252,875,797.86, an increase of 14.14% compared to CNY 221,556,927.70 in the same period last year[33]. - The company's total liabilities increased to ¥3,638,727,240.51 from ¥2,436,266,345.35, which is an increase of approximately 49.4%[176]. - The total equity attributable to shareholders was reported at ¥5,727,527,085.56, compared to ¥5,415,344,389.70, indicating an increase of about 5.8%[178]. Industry and Market Trends - The demand for ammonium nitrate accounts for approximately 60-70% of the ammonium nitrate market demand, while the demand for nitrate compound fertilizers and other applications accounts for about 30-40%[47]. - In the first half of 2021, the fertilizer industry experienced a continuous rise in upstream raw material prices, significantly impacting domestic urea production costs and leading to a strong market demand, resulting in higher fertilizer prices[49]. - The chemical industry is undergoing a transformation towards green and sustainable development, with the company positioned to lead innovations in the fertilizer industry[50]. Company Strategy and Operations - The company plans to focus on the production and sales of fertilizers and chemical products, including urea and compound fertilizers[41]. - The company aims to transition from a "traditional single production manufacturing model" to a "manufacturing + service model," enhancing product competitiveness through diverse services and marketing strategies[50]. - The company has established a complete procurement, production, and marketing system, ensuring effective control over the procurement process and maintaining a customer-centric approach[48]. - The company operates four industrial chains, including synthetic ammonia, urea, nitric acid, and methanol, allowing for flexible product adjustments and efficient resource utilization[57]. - The company utilizes both natural gas and coal as raw materials for chemical and fertilizer production, optimizing resource use for better overall efficiency[59]. - The company has advanced production facilities for synthetic ammonia, urea, and methanol, supported by a strong public engineering capability for future development needs[60]. Financial Management and Investments - The total investment amount for the reporting period reached ¥221,156,687.94, a significant increase of 724.35% compared to ¥26,827,918.15 in the same period last year[73]. - The company made a capital increase investment of ¥11,000,000 in Sichuan Zhonglan Guoshu New Materials, acquiring an 11.11% stake[73]. - The company reported a loss of ¥25,502,000 from its investment in Sichuan Zhonglan Guoshu New Materials as of the balance sheet date[73]. - The company reported a related party transaction amount of 6,246.58 million CNY with Sichuan Zhonglan Guoshu New Materials Technology Co., accounting for 58.31% of similar transactions[129]. Risk Management - The company faces risks from rising costs of raw materials, particularly natural gas and coal, which are expected to continue increasing in the second half of the year[84]. - The company is implementing measures to mitigate risks, including adjusting production ratios and utilizing derivative tools for price risk hedging[85]. Environmental and Social Responsibility - The company emphasizes strict adherence to safety and environmental regulations, aiming to exceed national and industry standards[86]. - The company reported a total nitrogen emission of 10.60 tons per year, with a permitted limit of 61.32 tons per year, indicating no exceedance[97]. - The company has completed the construction of wastewater treatment facilities in December 2020, which began trial operation in January 2021[104]. - The company has committed to social responsibility by supporting rural revitalization efforts, including donating 10 tons of new urea to Dongshan Village[110]. Shareholder Information - The total number of unrestricted shares is 1,568,000,000, representing 100% of the total shares[148]. - The largest shareholder, Luzhou Chemical Group Co., Ltd., holds 211,458,993 shares, accounting for 13.49% of total shares[152]. - The company has not faced any significant litigation or arbitration matters during the reporting period[123]. - The financial report for the first half of 2021 has not been audited[167].