GTIG(SZ:002091)2021-08-24 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥14,596,400,672.93, representing a 16.30% increase compared to ¥12,550,260,928.77 in the same period last year[27]. - The net profit attributable to shareholders of the listed company was ¥370,643,044.43, up 12.88% from ¥328,349,702.55 in the previous year[27]. - The net profit after deducting non-recurring gains and losses was ¥348,727,799.07, reflecting a 14.76% increase from ¥303,872,718.58 year-on-year[27]. - The basic earnings per share increased to ¥0.24, a rise of 14.29% compared to ¥0.21 in the same period last year[27]. - The total assets at the end of the reporting period were ¥24,105,542,976.61, down 6.92% from ¥25,896,865,830.14 at the end of the previous year[27]. - The net assets attributable to shareholders of the listed company were ¥9,212,501,265.97, a slight decrease of 0.25% from ¥9,235,467,512.34 at the end of the previous year[27]. - The net cash flow from operating activities was negative at -¥2,136,161,447.98, a significant decline of 606.34% compared to ¥421,879,367.92 in the previous year[27]. - The weighted average return on net assets was 3.93%, slightly up from 3.79% in the same period last year[27]. - The cost of goods sold was ¥12,491,783,958.87, which is a 15.95% increase from ¥10,773,331,897.78 in the previous year[74]. - Research and development expenses increased by 59.06% to ¥46,103,705.54, driven by the surge in demand for lithium battery electrolytes[74]. - Financial expenses rose by 70.03% to ¥72,986,508.99, primarily due to significant exchange losses from the appreciation of the RMB against the USD[74]. - The company’s cash and cash equivalents decreased by 9.84% year-on-year, totaling approximately CNY 6.52 billion[92]. - The inventory level increased, with total inventory amounting to approximately CNY 2.26 billion, representing 9.39% of total assets[92]. Revenue Breakdown - The supply chain service business generated revenue of ¥12,783,706,834.80, accounting for 87.58% of total revenue, with an 8.17% year-on-year growth[38]. - The chemical new energy business reported revenue of ¥1,775,296,841.29, a significant increase of 154.78% year-on-year[41]. - Net profit from the chemical new energy business was ¥169,303,347.84, reflecting a year-on-year growth of 41.03%[41]. - Domestic sales accounted for 26.31% of total revenue, increasing by 18.43% year-on-year, while international sales made up 73.69%[78]. - Battery materials revenue was approximately CNY 1.70 billion, with a year-on-year growth of 22.82% driven by increased production capacity and strong downstream demand[81]. - The average selling price of battery materials was CNY 51,700 per ton, with a slight decrease of 0.87% year-on-year[81]. Strategic Focus and Development - The company is focusing on expanding its supply chain management capabilities and enhancing its international presence through strategic overseas investments[38]. - The company is actively developing battery materials and organic silicon products, with a focus on lithium-ion battery electrolytes and silane coupling agents[42][43]. - The company plans to leverage opportunities from the "Belt and Road" initiative and RCEP to enhance its global supply chain integration[38]. - The company has initiated several new projects, including a 40,000 tons/year lithium-ion battery electrolyte project in Poland and an expansion of its electrolyte production capacity from 30,000 tons/year to 100,000 tons/year[65]. - The company aims to establish overseas sourcing bases to leverage the advantages of developing countries, reducing risks associated with production concentration and trade barriers[120]. - The company intends to increase investment in technology R&D over the next few years to mitigate technology development risks[123]. Environmental Compliance and Sustainability - The company is committed to complying with stringent environmental and safety regulations, enhancing its production processes to ensure green and safe operations[124]. - Jiangsu Guotai International Group reported a total emission of 0.0276 tons of COD as of June 30, 2021, against an approved annual limit of 5.3378 tons, with no exceedance[135]. - The company emitted 0.0111 tons of SS as of June 30, 2021, well below the annual limit of 3.2348 tons, with no exceedance[135]. - Total nitrogen emissions were recorded at 0.0217 tons as of June 30, 2021, against an annual limit of 0.282 tons, with no exceedance[135]. - The company has a total of 0 tons of hazardous waste generated as of June 30, 2021, indicating compliance with environmental regulations[139]. - The company has received no administrative penalties related to environmental issues during the reporting period[146]. - The wastewater treatment facilities of Huaron Chemical comply with discharge standards, with no exceedances reported during the reporting period[187]. Risk Management - The company is implementing a risk monitoring mechanism to safeguard its overseas operations amid economic fluctuations[38]. - The company recognizes the significant impact of exchange rate fluctuations on its import and export trade, particularly as USD is the primary currency for transactions[121]. - The company has established a risk control system for foreign exchange forward contracts to mitigate market, liquidity, operational, and legal risks[103]. - The company faces external market risks, including slow global economic recovery and political risks, and has established a dedicated research department to support decision-making[117]. - The company emphasizes the importance of comprehensive environmental surveys and compliance with local laws to mitigate overseas operational risks[119]. Corporate Governance - All directors attended the board meeting to review this report, ensuring the accuracy and completeness of the financial statements[6]. - The company does not plan to distribute cash dividends or issue bonus shares for the reporting period[7]. - The semi-annual financial report has not been audited[198]. - There were no significant litigation or arbitration matters reported during the period[200]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[196].