HBP(SZ:002554)2021-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 650,173,392.19, representing a 54.64% increase compared to CNY 420,438,976.79 in the same period last year[19]. - The net profit attributable to shareholders of the listed company reached CNY 86,028,144.57, a significant turnaround from a loss of CNY 132,746,259.13 in the previous year, marking a 164.81% improvement[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 65,187,742.86, compared to a loss of CNY 80,683,348.16 last year, reflecting a 180.79% increase[19]. - The basic earnings per share increased to CNY 0.06 from a loss of CNY 0.13, showing a 146.15% improvement[19]. - The company reported a net cash flow from operating activities of CNY -136,698,747.67, which is a decline of 113.34% compared to CNY -64,076,561.50 in the same period last year[19]. - The weighted average return on net assets improved to 3.82% from -7.79% in the previous year, an increase of 11.61%[19]. Revenue Breakdown - The oil and gas engineering and services segment generated revenue of 395.58 million yuan, up 75.40% year-on-year, accounting for 60.84% of total revenue[28]. - The environmental engineering and services segment reported revenue of 27.84 million yuan, an 18.38% increase year-on-year, contributing 4.28% to total revenue[29]. - Revenue from oil and gas resource development and utilization was 226.75 million yuan, reflecting a 32.30% year-on-year growth, making up 34.88% of total revenue[30]. - New orders signed during the reporting period amounted to 2.366 billion yuan, primarily from overseas oil and gas engineering service projects[27]. - The company ended the period with a backlog of orders totaling 4.565 billion yuan, a 49.53% increase year-on-year[27]. Asset and Liability Management - The total assets at the end of the reporting period were CNY 3,883,949,406.17, a decrease of 4.39% from CNY 4,062,458,114.76 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased to CNY 2,298,683,856.81, up 4.24% from CNY 2,205,140,052.40 at the end of the previous year[19]. - The total liabilities decreased to CNY 1,524,484,855.50 from CNY 1,801,371,854.23, representing a reduction of approximately 15.4%[148]. - The company's equity attributable to shareholders increased to CNY 2,298,683,856.81 from CNY 2,205,140,052.40, marking an increase of about 4.2%[149]. Cash Flow Analysis - The company reported a decrease in cash and cash equivalents to CNY 576,582,350.43, down 7.04% from the previous year[47]. - Operating cash flow net amount decreased by 113.34% to -136.70 million yuan, mainly due to project payment delays caused by the pandemic[38]. - The cash flow from operating activities showed improvement, contributing positively to the overall financial health of the company[156]. - The company received cash from borrowings amounting to 190,716,635.00 CNY during the financing activities[167]. Research and Development - Research and development investment decreased by 17.69% to 25.12 million yuan compared to the previous year[38]. - Research and development expenses were ¥25,122,328.32, a decrease of 17.8% from ¥30,522,038.62 in the previous year[154]. Risk Factors - The company faces various risks including reliance on the oil industry and price fluctuations, policy changes in the oil and gas sector, and impacts from the COVID-19 pandemic[5]. - The company relies heavily on a few major clients, primarily large state-owned oil groups and foreign energy giants, which increases customer concentration risk; efforts are being made to diversify the client base[68]. - The ongoing COVID-19 pandemic has created uncertainties, especially for overseas operations; the company is implementing various measures to minimize the impact on business performance[71]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[6]. - The company emphasizes the protection of shareholder rights, ensuring transparency and compliance with regulations regarding shareholder meetings and profit distribution policies[87]. - The company has no significant equity or non-equity investments during the reporting period[56][57]. Environmental and Social Responsibility - The company has a total of 31,356 tons/year of harmlessly treated waste residue, with no reported pollution incidents during the reporting period[84]. - The company has established an environmental monitoring plan that includes annual monitoring of groundwater and quarterly monitoring of waste gas and noise[84]. - The company has not faced any penalties related to environmental issues during the reporting period[84]. Future Outlook - The company plans to continue its market expansion and product development strategies in the upcoming quarters[181]. - The company aims to become a leading oil and gas service provider by focusing on technological innovation and customer satisfaction[89].