NCIC(SZ:002246)2020-08-25 16:00Financial Performance - The company's operating revenue for the first half of 2020 was ¥990,111,958.27, a decrease of 11.30% compared to ¥1,116,236,471.21 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥31,605,589.67, down 56.84% from ¥73,233,730.30 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥14,903,498.06, a decline of 68.93% compared to ¥47,972,106.16 in the same period last year[17]. - The net cash flow from operating activities was ¥11,040,624.52, which is a decrease of 48.88% from ¥21,596,146.70 in the previous year[17]. - Basic earnings per share were ¥0.06, down 53.85% from ¥0.13 in the same period last year[17]. - The company's operating costs decreased by 14.68% to ¥710,495,278.22 from ¥832,778,823.84 year-on-year[50]. - The company's management expenses increased by 37.59% to ¥147,974,526.52, attributed to increased repair costs and losses due to pandemic-related shutdowns[51]. - The company reported a total of CNY 93.92 million in raised funds, with CNY 53.55 million utilized during the reporting period[67]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,994,878,945.91, an increase of 1.91% from ¥3,920,053,122.39 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were ¥2,516,406,764.47, a slight increase of 0.13% from ¥2,513,047,531.27 at the end of the previous year[17]. - Total liabilities rose to CNY 1,265,266,309.02, compared to CNY 1,186,763,240.57, marking an increase of around 6.6%[162]. - The company's equity totaled CNY 2,729,612,636.89, slightly down from CNY 2,733,289,881.82, indicating a decrease of approximately 0.1%[163]. Market Position and Operations - The company maintains its leading position in the cellulose and its derivatives industry, having held the global production and sales scale number one since 2004[30]. - The market share for the company's activated carbon products is approximately 15%, while the market share for its human defense filters is around 25%[30]. - The company operates in three main industries: cellulose and its derivatives, environmental protection equipment, and special industrial pumps, each with a strong market presence[24]. - The company has a marketing network covering over 50 countries and regions, recognized as a top supplier by several Fortune 500 companies[25]. Research and Development - Research and development investment increased by 52.10% to ¥52,435,558.81, reflecting an increase in R&D projects[51]. - The company has introduced 1 academician and 1 young talent, and has established a postdoctoral research workstation approved by the Ministry of Human Resources and Social Security[34]. - The company is focusing on technology innovation and has established a research system for protective equipment and nuclear biochemical defense products[43]. Strategic Initiatives - The company has launched 10 new product development projects, including 10 models of alumina slurry pumps and 4 models of marine desulfurization pumps[43]. - The company implemented a flexible marketing strategy to stabilize its market position amid the pandemic[42]. - The company is conducting further feasibility studies on the 30,000-ton activated carbon expansion project due to adverse changes in the implementation environment and increased production costs[71]. Social Responsibility and Compliance - The company donated materials worth 3,009,000 CNY to the Wuhan Red Cross Society for pandemic prevention[128]. - The company has actively participated in poverty alleviation efforts, including donations and support for local communities[128]. - The company has committed to avoiding any business competition with its subsidiaries[96]. - The company remains committed to compliance and has not faced any legal or regulatory issues in the past five years, ensuring a stable operational environment[90]. Shareholder Information - The company has a total of 549,034,794 shares outstanding, with 18.06% held by Shanxi Xinhua Protective Equipment Co., Ltd.[137]. - The total number of ordinary shareholders at the end of the reporting period was 40,115[139]. - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the half-year period[87].