BCC(SZ:002455)2021-08-23 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 2,000,074,161.31, representing a 105.56% increase compared to CNY 972,967,530.48 in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached CNY 81,424,971.73, a significant increase of 670.40% from CNY 10,569,131.97 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was CNY 78,872,110.46, compared to a loss of CNY 3,373,510.10 in the same period last year, marking a 2,437.98% increase[18]. - The basic earnings per share increased to CNY 0.16, up 700.00% from CNY 0.02 in the previous year[18]. - The total operating income for the reporting period was 2,552,861.27 thousand yuan[25]. - The company reported a significant increase in the sales of acetic acid esters, which generated ¥894,383,014.04, a 65.45% increase year-on-year[54]. - The total profit for the first half of 2021 was CNY 128.40 million, compared to CNY 67.45 million in the first half of 2020, representing an increase of 90.5%[174]. - The company's operating profit for the first half of 2021 was CNY 128.32 million, compared to CNY 67.41 million in the same period of 2020, indicating a growth of 90.3%[174]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,062,423,493.24, reflecting a 21.10% increase from CNY 5,006,304,155.88 at the end of the previous year[18]. - The total liabilities as of June 30, 2021, amounted to ¥4,013,872,355.15, up from ¥3,118,951,621.38 at the end of 2020, reflecting an increase of approximately 28.7%[163]. - The company's short-term borrowings increased to ¥1,517,926,550.00 from ¥1,101,756,750.00[161]. - The debt-to-asset ratio increased to 66.21%, up by 6.22% from 59.99% at the end of the previous year[155]. - The total equity attributable to the parent company increased to ¥1,587,797,562.81 from ¥1,434,731,892.77, reflecting a growth of about 10.6%[163]. Cash Flow - The net cash flow from operating activities was negative at CNY -13,251,046.97, a decline of 111.38% compared to CNY 116,407,342.90 in the same period last year[18]. - The total cash inflow from investment activities was 381,746,900.63 CNY, while cash outflow was 1,107,831,470.52 CNY, resulting in a net cash flow of -726,084,569.89 CNY[179]. - The company raised 1,557,996,000.00 CNY through borrowings, contributing to a net cash flow from financing activities of 682,511,427.63 CNY[179]. Business Segments - The company operates in three main business segments: fine chemicals, new materials, and new energy, with a strong market presence in both domestic and international markets[26]. - The fine chemicals segment includes products such as environmentally friendly organic solvents and high-temperature resistant plasticizers, with leading production capacity and quality in the industry[26]. - New materials include needle coke and lithium battery materials, which are primarily used in steelmaking and new energy applications[26]. - The new energy segment offers lithium iron phosphate batteries and energy storage systems, targeting various applications including large-scale energy storage and commercial energy solutions[26]. Research and Development - The company has invested heavily in technology R&D, resulting in several high-tech products recognized as Jiangsu Province's high-tech products, enhancing its technological edge[42]. - Research and development expenses increased by 59.78% to ¥45,452,532.39, attributed to enhanced R&D efforts in Haiji New Energy and other projects[51]. - The company is actively researching next-generation electrochemical storage technologies, including solid-state batteries and sodium-ion batteries, to maintain its market position and profitability[77]. Market Strategy and Expansion - Future outlook includes continued expansion in the new energy sector, focusing on energy storage solutions and enhancing product offerings in fine chemicals and new materials[26]. - The company plans to continue expanding its R&D efforts and market presence, particularly in the new energy sector, to enhance competitive advantages[50]. - The company aims to capture opportunities in the rapidly developing new energy and new materials sectors through strategic investments and partnerships[123]. Environmental and Safety Management - The company has achieved compliance with national pollution discharge standards, indicating effective environmental management practices[75]. - The company is committed to strengthening safety production management and employee training to address safety production risks[75]. - The company has established emergency response plans for environmental incidents and registered them with the relevant authorities[89]. Shareholder Information - Major shareholder Zheng Tiejiang holds 23.22% of the shares, with a reduction of 10,340,000 shares during the reporting period[137]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[140]. - The total number of ordinary shareholders at the end of the reporting period was 36,542[136]. Corporate Governance - The company plans to enhance internal governance and operational efficiency to mitigate risks associated with the overall economic situation[74]. - The company has not experienced any changes in its board of directors or senior management during the reporting period, ensuring stability in leadership[82]. - The company has not engaged in any securities or derivative investments during the reporting period[69][70].