WMM(SZ:002149)2021-08-25 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,157,080,337.76, representing a 27.35% increase compared to ¥908,584,159.64 in the same period last year[26]. - The net profit attributable to shareholders of the listed company reached ¥71,921,066.20, a significant increase of 387.09% from ¥14,765,495.79 in the previous year[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥65,328,845.84, up 2,844.33% from ¥2,218,799.09 in the same period last year[26]. - The basic earnings per share increased to ¥0.1473, a rise of 324.50% compared to ¥0.0347 in the previous year[26]. - The diluted earnings per share also stood at ¥0.1473, reflecting the same 324.50% increase from the previous year[26]. - The weighted average return on net assets was 2.76%, an increase of 1.94% from 0.82% in the previous year[26]. - The total assets at the end of the reporting period were ¥5,528,963,260.64, a slight decrease of 1.08% from ¥5,589,338,784.49 at the end of the previous year[26]. - The net assets attributable to shareholders of the listed company were ¥2,563,556,595.24, down 0.71% from ¥2,581,954,514.93 at the end of the previous year[26]. - The net cash flow from operating activities was -¥198,199,189.11, which is a 51.60% decline compared to -¥130,738,896.36 in the previous year[26]. Market and Product Development - The company signed new contracts worth approximately 100 million yuan in the flue gas dust removal sector, setting a historical high[45]. - The company is the sole supplier of silver alloy control rods for nuclear power in China, with plans to expand into comprehensive support for key materials in nuclear reactors[39]. - The company has applied for over 40 projects and filed 20 patents in the first half of 2021, with 22 patents granted[44]. - The company expects continued growth in military product sales, with aerospace sales exceeding 300 million yuan in the first half of 2021[44]. - The company is developing new products such as high-strength titanium alloy pipes and multi-layer composite plates for the energy sector, with production efficiency significantly improved[44]. - The company is focusing on expanding its market presence in aerospace, nuclear power, and environmental protection sectors, aligning with national strategic needs[44]. - The company plans to enhance its product structure and optimize production processes to meet increasing market demands in traditional industries[45]. - The company aims to transform from selling primary products to offering deep processing and complete equipment solutions, enhancing its core competitiveness[40]. Research and Development - R&D investment increased by 44.64% to ¥42,632,405.36, focusing on nuclear power, aviation, and environmental protection sectors[62]. - The high-performance low-cost titanium alloy material production line technology transformation project is progressing smoothly, with equipment installation expected by the end of October and production aimed for year-end[46]. - The company has undertaken over 390 national and provincial high-tech innovation and industrialization projects, receiving more than ¥900 million in national science and technology funding support[53]. - The company has obtained 480 authorized patents and established 23 technology innovation platforms, enhancing its market competitiveness[53]. - The company is advancing the construction of its digital platform, with the first phase of the MES system expected to be completed by year-end, improving data integration and analysis capabilities[55]. Financial Management - The operating cost for the reporting period was ¥910,803,322.75, which is a 19.77% increase from ¥760,457,316.26 in the previous year[58]. - The gross profit margin for titanium products was 22.00%, a decrease of 4.56% compared to the previous year[64]. - Domestic revenue accounted for 97.22% of total revenue, with a year-on-year growth of 31.29%[62]. - The company's cash and cash equivalents decreased by 857.65% to -¥676,248,575.38, largely due to reduced cash flow from financing activities[62]. - Accounts receivable increased by 3.62% to ¥846,931,709.25, indicating a rise in outstanding payments[67]. - Inventory increased by 4.19% to ¥1,617,403,702.46, reflecting higher stock levels[67]. - The company reported a significant increase in income tax expenses by 163.20% to ¥13,791,550.35, attributed to higher profits compared to the previous year[62]. - The company invested a total of ¥15,228.16 million in key projects during the reporting period, with a cumulative actual investment of ¥26,650.42 million[72]. Corporate Governance and Compliance - The company has not engaged in any securities or derivative investments during the reporting period, indicating a conservative investment strategy[76][77]. - No major asset or equity sales occurred during the reporting period, reflecting stability in the company's asset management[78]. - The company has not reported any non-standard audit reports for the current or previous reporting periods[111]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[93]. - The company has committed to social responsibility, including purchasing poverty alleviation materials worth 623,000 yuan and making charitable donations of 126,000 yuan in the first half of 2021[95]. - The company reported no significant litigation or arbitration matters during the reporting period[112]. - The company engaged in related party transactions, including labor services and procurement, with amounts such as 93.47万元 and 455.9万元, representing 0.74% and 0.48% of similar transactions respectively[116]. - The company has not exceeded the approved transaction limits in its related party transactions[116]. Shareholder Information - The company issued 62,800,000 new shares at a price of 12.50 RMB per share on February 3, 2021, increasing the total shares to 488,214,274[173]. - The total number of restricted shares before the change was 75,000, which increased to 62,875,000 after the issuance, representing 12.88% of total shares[165]. - The total number of unrestricted shares remained at 425,339,274, accounting for 87.12% of total shares[165]. - The largest shareholder, Northwest Nonferrous Metal Research Institute, holds 25.18% of the shares, totaling 122,909,988[174]. - The second-largest shareholder, Xi'an Aerospace Technology Industry Co., Ltd., holds 10.72% of the shares, totaling 52,326,880[174]. - The company has a total of 58,706 shareholders at the end of the reporting period[174]. - The company plans to continue expanding its market presence and product offerings in the upcoming periods[167]. - The issuance of new shares was approved by the China Securities Regulatory Commission, indicating regulatory compliance[166]. Risk Management - The company is facing risks from raw material price fluctuations and is implementing strategies to mitigate these risks, including adjusting inventory levels and enhancing collaboration with upstream and downstream partners[82]. - The ongoing COVID-19 pandemic and global economic uncertainties are impacting market development, prompting the company to focus on transformation and innovation to maintain its competitive edge[82]. - The company plans to accelerate product transformation and upgrade to reduce reliance on raw materials, aiming to enhance product competitiveness and pricing power[82].