WMM(SZ:002149)2022-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,467,314,813.19, representing a 26.81% increase compared to ¥1,157,080,337.76 in the same period last year[29]. - The net profit attributable to shareholders of the listed company was ¥93,197,292.20, up 29.58% from ¥71,921,066.20 year-on-year[29]. - The basic earnings per share increased to ¥0.1909, reflecting a growth of 29.60% compared to ¥0.1473 in the previous year[29]. - The total assets at the end of the reporting period were ¥5,953,143,201.50, a 3.27% increase from ¥5,764,755,587.73 at the end of the previous year[29]. - The net cash flow from operating activities improved to -¥110,161,045.04, a 44.42% reduction in losses compared to -¥198,199,189.11 in the same period last year[29]. - The weighted average return on net assets was 3.47%, an increase of 0.71% from 2.76% in the previous year[29]. - The net assets attributable to shareholders of the listed company rose to ¥2,743,982,665.39, marking a 4.36% increase from ¥2,629,450,286.56 at the end of the previous year[29]. - The operating costs increased by 28.03%, amounting to ¥1,166,139,520.47, up from ¥910,803,322.75 in the same period last year[56]. - The total amount of non-recurring gains and losses for the company was 28.49 million yuan after tax and minority interest adjustments[32]. - The company reported a net increase in cash and cash equivalents of ¥87,685,534.00, a significant improvement of 87.03% compared to the previous year[59]. Research and Development - The company invested 46.53 million yuan in R&D during the first half of 2022, with 23 projects supported by national and local government funding amounting to 34.58 million yuan[41]. - Research and development investment rose by 9.15%, totaling ¥46,532,839.09, compared to ¥42,632,405.36 in the previous year[56]. - The company has undertaken over 400 national, provincial, and municipal high-tech innovation and industrialization projects, receiving more than ¥1 billion in national science and technology funding support[51]. - The company holds 513 authorized patents and has established 25 technology innovation platforms, including national and provincial engineering research centers[51]. - The company is focused on enhancing its core competitiveness through technological innovation, with a commitment to developing new products and optimizing processes[51]. Operational Developments - The company successfully completed the construction and production of a high-performance low-cost titanium alloy production line, which took 16 months to finish[40]. - The company has developed and industrialized several new products, including TA12A thin plates and Ti80 plates, which have been successfully delivered to users[42]. - The company has made progress in talent acquisition, with over 70 master's and doctoral graduates recruited from top universities[49]. - The company has implemented energy-saving measures, achieving a 3% reduction in energy consumption per unit of output in the first half of 2022[48]. - The company has established a digital management system, enhancing data management capabilities and improving user experience through various system upgrades[50]. - The company completed the first phase of its digital platform construction, significantly improving data integration and analysis capabilities[54]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[6]. - The management has indicated that future development plans are subject to market conditions and do not constitute a commitment to investors[5]. - The company has initiated the listing process for its subsidiary Tianli Company on the Beijing Stock Exchange, which has been accepted by the Shaanxi Securities Regulatory Bureau[44]. - The company aims to build a globally leading rare metal materials processing base, emphasizing shareholder satisfaction and employee well-being[55]. - The company has implemented a stock incentive mechanism and performance assessment system to enhance management efficiency and promote technological innovation[54]. Risk Management - The company has acknowledged potential risks related to raw material price fluctuations and market risks[5]. - The company is actively identifying, assessing, and managing risks related to market fluctuations and raw material prices[92]. Subsidiary Performance - The company’s subsidiary, Xibu Titanium Industry, reported a net profit of 61.62 million RMB, contributing significantly to the overall performance[87]. - The company’s subsidiary, Tianli Company, generated a net profit of 44.34 million RMB, indicating strong operational performance[87]. - The company’s subsidiary, Xinuo Company, achieved a net profit of 17.53 million RMB, reflecting its successful operations in precious metal products[87]. Environmental and Social Responsibility - The company has completed the replacement of wastewater station stirring machines and anticorrosion treatment of comprehensive pools, expected to reduce wastewater discharge by 20,000 tons annually[103]. - The company participated in targeted poverty alleviation efforts, purchasing relief materials worth 270,000 RMB during the reporting period[111]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[107]. Corporate Governance - The company held its annual general meeting with a participation rate of 38.20% on May 18, 2022[96]. - The company has no plans for stock incentive programs or employee stock ownership plans during the reporting period[99]. - The company has adhered to its commitments regarding competition and related transactions, with ongoing compliance[116]. - The company has not reported any violations regarding external guarantees during the reporting period[121]. - The semi-annual financial report has not been audited[122].