SPC(SZ:002573)2020-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,208,020,087.75, a decrease of 26.93% compared to CNY 1,653,161,205.60 in the same period last year[22]. - Net profit attributable to shareholders was CNY 135,652,465.59, down 37.85% from CNY 218,256,135.69 year-on-year[22]. - The net cash flow from operating activities was CNY 139,479,161.59, a significant decline of 79.60% compared to CNY 683,633,301.30 in the previous year[22]. - Basic earnings per share decreased to CNY 0.1255, down 37.84% from CNY 0.2019 in the same period last year[22]. - The net profit after deducting non-recurring gains and losses was CNY 135,517,813.44, a decrease of 37.56% from CNY 217,025,137.75 year-on-year[22]. - The weighted average return on net assets was 2.73%, down from 4.58% in the previous year, a decrease of 1.85%[22]. - The company's operating revenue for the reporting period was approximately ¥1.21 billion, a decrease of 26.93% compared to ¥1.65 billion in the same period last year[67]. - The net cash flow from operating activities decreased by 79.60% to approximately ¥139.48 million, down from ¥683.63 million in the previous year due to slower recovery of historical receivables[67]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,360,647,831.14, an increase of 4.37% from CNY 9,926,635,026.60 at the end of the previous year[22]. - The net assets attributable to shareholders were CNY 4,869,766,956.29, a slight decrease of 0.54% from CNY 4,896,277,670.28 at the end of the previous year[22]. - As of June 2020, cash and cash equivalents amounted to ¥681,118,280.26, representing 6.57% of total assets, an increase of 2.65% compared to the previous year[72]. - Accounts receivable totaled ¥2,109,608,975.67, accounting for 20.36% of total assets, a decrease of 6.33% from the previous year due to better cash collection and slower project progress[75]. - Inventory was reported at ¥406,809,385.08, making up 3.93% of total assets, down 9.57% year-on-year as part of the inventory was reclassified to contract assets and liabilities[75]. - Fixed assets reached ¥3,580,403,879.43, which is 34.56% of total assets, reflecting an increase of 2.27% compared to the previous year[75]. - Long-term borrowings decreased to ¥618,242,664.72, representing 5.97% of total assets, down 3.06% from the previous year[75]. - The debt-to-asset ratio stands at 50.98%, reflecting a 2.35% increase from the previous year[189]. Business Operations and Strategy - The company operates in four main business segments: Operations Division, Engineering Division, Resource Utilization Division, and Energy Saving Division, focusing on industrial environmental governance and energy conservation[31]. - The company is actively expanding its international presence, having secured multiple project collaborations in countries such as India, Brazil, and Turkey, as part of its participation in the "Belt and Road" initiative[37]. - The company aims to leverage its technological innovations to enhance profitability and expand its market share in the energy-saving and environmental sectors[36]. - The company is focused on risk management in its international operations, employing strategies to mitigate potential challenges in foreign markets[37]. - The company has made significant strides in wastewater treatment and solid waste disposal, aligning with national efforts to improve environmental standards[38]. - The company is implementing innovative management practices to reduce costs and improve efficiency amid the pandemic[101]. Research and Development - Research and development investment increased by 29.53% to approximately ¥66.57 million, compared to ¥51.39 million in the previous year[67]. - As of June 2020, the company had authorized a total of 145 patents, including 26 invention patents and 113 utility model patents[62]. - The company has developed a comprehensive innovation system covering the entire lifecycle of industrialization, ensuring a strong technical foundation for innovation[43]. - The company has established a post-doctoral workstation and a research institute to attract top talent in the environmental protection field[42]. Financial Instruments and Investments - The company successfully issued green corporate bonds worth 800 million yuan with a coupon rate of 3.79% during the reporting period[58]. - The total amount of raised funds was ¥79,500,000, with ¥55,345.53 invested during the reporting period[87]. - The company issued green corporate bonds with a total balance of 80,000 million at an interest rate of 3.79%, maturing on March 13, 2025[179]. - The company strictly adhered to the use of raised funds as per the bond prospectus, with a remaining balance of 24,154.47 million[184]. Shareholder Information - The largest shareholder, Sichuan Development Environmental Investment Group Co., Ltd., holds 273,670,000 shares, representing 25.31% of total shares[157]. - Beijing Century Dihe Holdings Co., Ltd. holds 216,201,570 shares, accounting for 20.00% of total shares[157]. - The total number of common shareholders at the end of the reporting period was 68,099[157]. - The company experienced a decrease of 594,033 shares in restricted shares, resulting in a total of 2,116,862 restricted shares post-adjustment[149]. Corporate Governance - The company held two temporary shareholder meetings and one annual meeting during the reporting period, with participation rates of 49.79% and 50.65% respectively[104]. - The half-year financial report has not been audited[107]. - The company reported no related party transactions during the reporting period[114]. - There were no significant non-raised fund investment projects during the reporting period[95]. Environmental and Regulatory Compliance - The company does not have any major environmental protection issues and is not listed as a key pollutant discharge unit by environmental authorities[140]. - There were no violations regarding external guarantees during the reporting period[137]. - The company has not initiated any targeted poverty alleviation work during the reporting year and has no subsequent plans[141].