WILLING CORP.(SZ:002667)2022-08-09 16:00Financial Performance - The company's operating revenue for the first half of 2022 was CNY 288,596,324.26, representing a 148.21% increase compared to CNY 116,272,161.11 in the same period last year[20]. - Net profit attributable to shareholders reached CNY 48,674,877.09, a significant increase of 4,701.10% from CNY 1,013,828.12 in the previous year[20]. - The net cash flow from operating activities improved to CNY 11,108,018.86, up 133.62% from a negative CNY 33,037,676.60 in the same period last year[20]. - Basic earnings per share increased to CNY 0.2106, reflecting a growth of 4,686.36% compared to CNY 0.0044 in the previous year[20]. - Total assets at the end of the reporting period were CNY 1,620,962,839.75, a 70.67% increase from CNY 949,761,792.09 at the end of the previous year[20]. - The company's net assets attributable to shareholders rose to CNY 730,799,283.12, marking a 7.24% increase from CNY 681,453,252.31 at the end of the previous year[20]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching CNY 47,117,134.22, compared to a loss of CNY 2,230,342.40 in the previous year, representing a growth of 2,212.55%[20]. - The weighted average return on equity improved to 6.90%, up from 0.13% in the same period last year[20]. - The company achieved a revenue of 288.60 million yuan in the first half of 2022, an increase of 148.21% compared to the same period last year, with a net profit attributable to shareholders of 48.67 million yuan[28]. Lithium Resource Business - The company has established a lithium resource business through acquisitions, including a 70% stake in Jiangxi Jinhui Recycled Resources Co., Ltd. and a 15% stake in Pingjiang Hongyuan Mining Co., Ltd., enhancing its resource reserves[29]. - The lithium resource business generated over 200 million yuan in revenue during the first half of 2022, accounting for 75.56% of the company's total revenue[34]. - The company is constructing a production line for battery-grade lithium carbonate with an annual capacity of 10,000 tons, expected to be operational soon[34]. - The company has a lithium ore reserve of 2.6 million tons in Yichun, Jiangxi, which accounts for 37.6% of the national total, positioning it as a key player in the lithium supply chain[32]. - The company’s lithium resource business includes three main areas: mining, ore selection, and basic lithium battery material production, forming a vertically integrated supply chain[32]. - The company plans to expand its ore selection capacity to a total of 1.8 million tons, with ongoing projects to increase production capabilities[34]. - The company has signed long-term supply agreements with local lithium ore suppliers to ensure a stable supply of raw materials for its mining operations[32]. - The company is expanding its lithium resource strategy by investing in lithium mining enterprises and preparing to build lithium salt production facilities[45]. - The company’s lithium mica production has a recovery rate that leads the industry, providing a competitive edge in cost and yield[44]. - The company’s planned production capacity for lithium mica will reach 180,000 tons, meeting the needs of its downstream lithium carbonate production project[45]. Engineering Machinery Manufacturing - The company’s engineering machinery manufacturing business focuses on coal, mining, construction, and road machinery, maintaining a competitive edge in the industry[28]. - The company has developed 119 patents related to engineering machinery manufacturing, including 15 invention patents, showcasing significant technological advantages[39]. - The company has successfully developed proprietary products that meet market demands, breaking foreign technology monopolies in the vibrating screen sector[40]. - The company has formed a positive cycle in R&D and industrialization, enabling rapid commercialization of new products[42]. - The company's engineering machinery manufacturing segment focuses on high-end vibrating screens and precast concrete component production lines, maintaining a strong pricing power due to advanced technology[78]. Financial Management and Investments - The company plans to continue expanding its market presence through strategic adjustments and project reallocations[71]. - The company has committed to invest 9,000 million yuan in energy-efficient and environmentally friendly large vibrating screen projects, with 7,570.3 million yuan already invested, achieving a completion rate of 99.86%[66]. - The company has a project for the establishment of a research and testing laboratory, with an investment of 4,000 million yuan, achieving a completion rate of 99.43%[67]. - The company has a total of 18,099 million yuan in raised funds directed towards various projects, with 18,096 million yuan already utilized[67]. - The company has not reported any significant changes in the measurement attributes of its major assets during the reporting period[60]. - The company has not made any adjustments to the investment projects or exceeded the committed investment amounts[66]. - The company has a total of 0 million yuan remaining in its raised funds account as of June 30, 2022[64]. - The total amount of raised funds is 180.96 million CNY, with 20 million CNY used to repay a loan from Bank of Communications[68]. - The company has spent 30.9644 million CNY on improving the quality of large vibrating screen structural products[68]. - The actual investment in the industrialized concrete precast component production line project is 10.2718 million CNY, achieving 25.26% of the planned investment[71]. Market and Strategic Outlook - The company is actively pursuing strategic upgrades and new growth points in line with national industrial policies, particularly in the renewable energy sector[28]. - The company is focusing on market expansion and new product development as part of its strategic initiatives for future growth[150]. - Future guidance indicates a positive outlook for revenue growth, driven by new product launches and technological advancements[173]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[173]. - The company plans to leverage the abundant lithium resources in Yichun, Jiangxi Province, to ensure a stable supply of lithium raw materials for its new energy business[80]. Corporate Governance and Compliance - The company has not faced any administrative penalties related to environmental issues during the reporting period[90]. - The company has a well-established performance evaluation system and emphasizes employee safety and health, fostering a positive work environment[91]. - The company maintains a commitment to integrity and aims to build win-win partnerships with suppliers and customers, focusing on long-term cooperation[93]. - The company reported no overdue commitments from actual controllers, shareholders, related parties, acquirers, or other parties as of the end of the reporting period[96]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[97]. - The total amount of non-operating fund occupation at the end of the period was 0, accounting for 0.00% of the most recent audited net assets[98]. - The company had no violations regarding external guarantees during the reporting period[99]. - The semi-annual financial report was not audited[100]. - There were no bankruptcy reorganization matters during the reporting period[101]. - The company faced no significant litigation or arbitration matters[102]. - There were no major related party transactions during the reporting period[103]. Shareholder Information - The total number of shareholders at the end of the reporting period was 26,894, with no preferred shareholders[127]. - The company reported a significant increase in restricted shares due to a director's departure, leading to a lock-up of 75% of the newly acquired shares[125]. - The company has a total of 133,875 restricted shares held by domestic natural persons, representing 0.06% before changes[122]. - The report indicates that there were no changes in foreign shareholding, maintaining a 0.00% proportion[122]. - The company did not implement any share buyback or reduction during the reporting period[123]. - The report confirms that there were no impacts on earnings per share or net assets per share due to the changes in shareholding[123]. - The company has not disclosed any new strategies or market expansions in this report[123]. - There were no new product developments or technological advancements mentioned in the report[123]. Cash Flow and Financial Position - The cash balance at the end of the reporting period was 430.0 million RMB, providing liquidity for operational needs[172]. - The company reported a total comprehensive income for the period of 671,000 CNY, showing a positive performance compared to the previous period[162]. - The company received 207,000,000.00 CNY from borrowings during the financing activities, which contributed to the positive cash flow[159]. - The company paid 12,000,000.00 CNY in debt repayments, indicating ongoing financial obligations[159]. - The cash outflow for investment activities totaled 331,759,189.24 CNY, highlighting the company's investment strategy[159]. - The company reported a significant increase in cash inflow from financing activities, which may support future growth initiatives[159]. - The cash flow from operating activities was not detailed, but the overall cash position indicates a need for improved operational efficiency[159].