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恒星科技(002132) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,700,144,943.83, representing a 30.61% increase compared to CNY 1,301,699,524.30 in the same period last year[23]. - The net profit attributable to shareholders of the listed company reached CNY 102,063,255.30, a significant increase of 129.39% from CNY 44,493,715.86 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 87,242,807.75, up 178.89% from CNY 31,281,921.36 year-on-year[23]. - The net cash flow from operating activities was CNY 461,031,211.05, reflecting a 30.12% increase compared to CNY 354,322,333.64 in the previous year[23]. - Basic earnings per share increased to CNY 0.0822, a rise of 124.59% from CNY 0.0366 in the same period last year[23]. - The total profit for the first half of 2021 was CNY 114,119,331.63, compared to CNY 53,280,645.87 in the first half of 2020, indicating a growth of 114.3%[176]. - The total operating revenue for the first half of 2021 reached CNY 1,700,144,943.83, an increase of 30.6% compared to CNY 1,301,699,524.30 in the first half of 2020[173]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,215,310,631.77, marking a 19.90% increase from CNY 5,183,740,917.46 at the end of the previous year[23]. - The total liabilities increased to CNY 3,225,977,998.40 from CNY 2,304,056,422.70, representing a significant rise of 40%[168]. - The company's total assets as of June 30, 2021, were CNY 4,572,265,257.79, slightly up from CNY 4,466,823,154.50 at the end of 2020[171]. - The company's cash and cash equivalents increased to CNY 711,735,933.66 from CNY 430,526,013.98 at the end of 2020, representing a growth of approximately 65.5%[165]. - Short-term borrowings increased to CNY 1,328,833,622.97 from CNY 1,150,563,702.40, marking an increase of about 15.5%[166]. Investment and R&D - Research and development expenses amounted to CNY 51,440,343.75, up 26.69% from CNY 40,604,212.62 in the previous year[49]. - The company is advancing its organic silicon project, which has received loans from a banking syndicate led by China Construction Bank, supporting its funding needs[32]. - The company plans to increase its investment in its subsidiary, Hengxing Chemical, by CNY 139,000,000 to accelerate the construction of a project with an annual output of 120,000 tons of high-performance organic silicon polymers[138]. - The company has established a strong research and development capability, collaborating with universities and research institutes to enhance its technological edge[43]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of CNY 0.5 per 10 shares (including tax) based on the total share capital as of June 30, 2021[5]. - Major shareholder Xie Baojun holds 21.16% of the shares, totaling 265,927,345 shares, with 127,021,700 shares pledged[150]. - The company has implemented a second employee stock ownership plan, transferring 25,445,700 shares (2.03% of total shares) to the plan's dedicated account[90]. Risks and Challenges - The company faces macroeconomic risks due to fluctuations in the domestic and international economy, which may impact its operational activities[80]. - The company is exposed to raw material price volatility risks, as steel and zinc constitute a significant portion of production costs[81]. - The company acknowledges increasing market competition, which may lead to price reductions for some products, challenging its sustainable development[82]. - The company is addressing accounts receivable risks by enhancing customer credit evaluation and prioritizing partnerships with high-credit clients[83]. Environmental and Social Responsibility - The company has established a wastewater treatment system and a natural gas boiler that ensures compliance with environmental standards, with total wastewater discharge of 6.075 tons/year for COD and 0.181 tons/year for NH3-N[93]. - The company has committed to sustainable development practices, focusing on energy-saving and pollution-reducing production processes[100]. - The company has a total of 378 disabled employees and has helped place 21 impoverished households, contributing to social welfare and employment initiatives[101]. Legal and Compliance - There were no major litigation or arbitration matters during the reporting period, indicating stable legal standing[111]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[107]. - The company has passed environmental evaluations and completion acceptance for all projects, ensuring compliance with environmental protection regulations[94].