富春环保(002479) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,917,055,933, a decrease of 1.96% compared to CNY 1,955,427,621.20 in the same period last year[24]. - Net profit attributable to shareholders increased by 96.59% to CNY 233,265,087.30, up from CNY 118,653,369.26 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was CNY 133,409,690.17, representing a 25.00% increase from CNY 106,726,856.61 year-on-year[24]. - Basic earnings per share rose by 102.02% to CNY 0.2697, compared to CNY 0.1335 in the same period last year[24]. - The total profit for the period was CNY 35,694.16 million, an increase of CNY 16,458.54 million or 85.56% year-on-year[52]. - The company reported a total revenue of approximately ¥2.43 billion for the first half of 2021, with a net profit of around ¥769 million, representing a year-on-year increase of 23.5%[80]. - The company reported a net loss attributable to shareholders of approximately CNY 129.61 million for the first half of 2021[191]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 11,496,164,638.01, an increase of 3.36% from CNY 11,121,958,591.41 at the end of the previous year[24]. - The net assets attributable to shareholders increased by 2.73% to CNY 3,905,566,311.72 from CNY 3,801,909,483.18 at the end of the previous year[24]. - Total liabilities amounted to CNY 6,951,883,587.96, up from CNY 6,560,050,213.00, marking an increase of about 5.95%[160]. - The total equity attributable to the parent company at the end of the previous year was 4,628.4 million yuan[186]. - The total equity at the end of the current period was 4,619.0 million yuan[188]. Cash Flow - The net cash flow from operating activities was CNY 221,598,696.90, slightly up by 0.62% from CNY 220,238,756.07 in the same period last year[24]. - The net cash flow from investing activities improved significantly to ¥1,076,109,372.67, a 264.49% increase from a negative cash flow of ¥654,217,585.30 in the previous year[54]. - The net cash flow from financing activities was negative at ¥-934,489,155.31, a decline of 319.79% compared to a positive cash flow of ¥425,164,742.97 last year[54]. - The company generated approximately ¥1.80 billion in cash from operating activities in the first half of 2021, compared to ¥1.88 billion in the same period of 2020[175]. - The cash inflow from the disposal of fixed assets and other long-term assets was CNY 1,284,171,865.47, a notable increase from CNY 5,756,160.00 in the previous year[176]. Research and Development - Research and development expenses amounted to CNY 6,551.75 million, an increase of CNY 2,305.58 million or 54.30% year-on-year[52]. - The company has established a national engineering laboratory and five high-tech enterprises, enhancing its research and innovation capabilities[46]. - Research and development expenses rose to approximately ¥65.52 million in the first half of 2021, up 54.23% from ¥42.46 million in the first half of 2020[167]. Environmental Compliance and Initiatives - The company is committed to contributing to the national goal of carbon neutrality and peak carbon emissions, positioning itself as a key player in the green economy[32]. - The company has implemented desulfurization, low nitrogen combustion, and dust removal technologies, ensuring all emission indicators meet regulatory requirements[93]. - The company has established an environmental self-monitoring plan, with online monitoring systems for waste gas and wastewater in place[96]. - The company is focused on improving its environmental performance while expanding its market presence in the thermal power sector[91]. - The company has engaged third-party monitoring for wastewater, waste gas, and noise, ensuring compliance with environmental standards[98]. Market and Business Strategy - The company aims to enhance its research and innovation capabilities to support its transformation and sustainable development strategy[31]. - The company has expanded its business operations to four provinces: Zhejiang, Jiangsu, Jiangxi, and Shandong, through an acquisition-based model[31]. - The company is focused on expanding its heat and power generation business, which aligns with national energy-saving and environmental protection policies[38]. - The company aims to leverage the carbon neutrality goal as a significant opportunity for growth and transformation towards a green economy[42]. - The company is committed to promoting and replicating the model of solid waste disposal combined with energy-saving and environmental monitoring services[76]. Shareholder and Governance - The company did not distribute cash dividends or issue new shares in the first half of 2021, indicating a focus on reinvestment[86]. - The company has not engaged in any related party transactions during the reporting period[115]. - The company has not reported any guarantees with collateral during the reporting period[128]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[146][147]. Legal and Regulatory Matters - The company reported a significant lawsuit involving an amount of 120.28 million yuan, which has not formed an estimated liability[111]. - The company is involved in a legal case requiring the payment of 115.88 million yuan for equity transfer, with a request for a penalty of 4.40 million yuan[112]. - There were no penalties or rectifications during the reporting period[113].