CRM(SZ:000927)2021-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 28,106,355,699.80, representing a 32.31% increase compared to the adjusted figure of CNY 21,243,157,264.65 from the previous year[11]. - The net profit attributable to shareholders for the same period was CNY 575,063,032.24, which is a 39.19% increase from the adjusted net profit of CNY 413,163,586.03 in the previous year[11]. - The basic earnings per share for the reporting period was CNY 0.0950, showing a decrease of 8.57% compared to the previous year's adjusted figure of CNY 0.1039[11]. - The company achieved operating revenue of 28.106 billion yuan, a year-on-year increase of 32.31%, and a net profit attributable to shareholders of 575 million yuan, up 39.19% year-on-year[25]. - The company reported a net profit of 14,523.75 million CNY from its subsidiary China Railway Materials Industry Group Co., Ltd., which contributed over 10% to the overall net profit[51]. - The company reported a net profit of CNY 621,953,863.72, compared to CNY 46,890,831.48 in the previous year, indicating substantial growth[99]. - The total profit for the first half of 2021 was CNY 777,196,644.28, up from CNY 592,385,542.87 in the previous year, indicating a growth of about 31%[103]. Cash Flow and Investments - The net cash flow from operating activities was negative at CNY -1,318,952,920.77, a significant decrease of 2883.72% compared to the previous year's adjusted figure of CNY 47,380,920.97[11]. - The company reported a net cash flow from operating activities of 366,823,084.93 CNY, recovering from a negative cash flow of -95,864,770.92 CNY in the first half of 2020[108]. - The company invested CNY 279,702,994.72 during the reporting period, a significant increase of 1447.73% compared to CNY 18,071,789.59 in the same period last year[46]. - The company reported a net cash flow from investing activities of -168,766,643.63 CNY, worsening from -80,474,817.65 CNY in the first half of 2020[107]. - Cash inflow from financing activities was 3,592,458,793.63 CNY, slightly down from 3,674,204,286.37 CNY in the same period last year[107]. Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 30,971,425,300.04, reflecting a 27.51% increase from CNY 24,289,599,397.49 at the end of the previous year[11]. - Total liabilities reached CNY 22,858,694,899.38, an increase of 36% from CNY 16,811,670,306.45[99]. - Cash and cash equivalents at the end of the reporting period amounted to CNY 7,091,689,207.96, representing 22.90% of total assets, a decrease of 3.82% from the previous year[42]. - Accounts receivable increased to CNY 10,588,425,091.72, making up 34.19% of total assets, reflecting an 8.01% increase due to business expansion and structural changes[42]. - The total assets of the company reached CNY 30,971,425,300.04, up 27.5% from CNY 24,289,599,397.49[99]. Market and Business Operations - The company has established a comprehensive supply chain management system for the rail transit industry, providing integrated services for oil products, steel rails, and railway mobile equipment[15]. - The company is a major supplier of diesel fuel to China's national railway market, with a network covering 18 railway bureaus and over 1,200 mobile refueling points[16]. - The company is actively expanding its market presence in the rail transit sector, participating in technology discussions and supplying key components for new and repaired locomotives[21]. - The company has established stable supply relationships with 35 refineries, ensuring resource security and supply stability[19]. - The company has a complete steel rail maintenance technology service network, capable of servicing 60,000 kilometers of track and over 15,000 switches annually[21]. Research and Development - Research and development investment surged by 174.00%, amounting to ¥10,606,331.50, up from ¥3,870,856.29, indicating a significant increase in R&D efforts[37]. - The company has participated in the formulation of 2 industry standards and has obtained multiple patents related to rail maintenance technology[21]. Environmental and Social Responsibility - The company invested a total of 2.1 million yuan in poverty alleviation efforts in Xiaochang County, Hubei Province, during the first half of 2021, focusing on industrial support, education, and rural development[64]. - The company has not received any administrative penalties related to environmental issues during the reporting period[63]. - The company has implemented real-time monitoring of emissions and has replaced its data transmission system to ensure stable data transfer[62]. - The total emissions of particulate matter from the Tiepeng Cement Company were reported at 17.04 tons, with a concentration of 4.94 mg/m3, well within the pollution discharge standards[61]. Corporate Governance and Compliance - The company emphasizes the importance of understanding the risks associated with forward-looking statements made in the report[1]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[65]. - The company has not provided any external guarantees that violate regulations during the reporting period[65]. - The company has a strong management team with extensive experience in the rail transit material supply chain management industry, contributing to its competitive advantage[36]. Shareholder Information - The total number of shares after the issuance is 6,050,353,641, with the proportion of limited sale condition shares decreasing to 85.17%[84]. - The largest shareholder, China Railway Material Group Co., Ltd., holds 36.60% of the shares, totaling 2,214,495,506 shares[93]. - The company reported no changes in the shareholding of directors, supervisors, and senior management during the reporting period[95]. Financial Reporting and Accounting Policies - The semi-annual financial report was not audited[97]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status as of June 30, 2021[116]. - The company confirmed that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months from the reporting date[117].