Sinomine(SZ:002738)2021-08-19 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 874,239,903.76, representing a 68.51% increase compared to CNY 518,821,217.66 in the same period last year[11]. - The net profit attributable to shareholders of the listed company reached CNY 173,163,238.17, a significant increase of 130.82% from CNY 75,021,023.57 in the previous year[11]. - The net profit after deducting non-recurring gains and losses was CNY 163,324,216.47, up 180.81% from CNY 58,162,821.26 year-on-year[11]. - The net cash flow from operating activities was CNY 315,946,076.32, an increase of 198.14% compared to CNY 105,972,199.83 in the same period last year[11]. - The basic earnings per share for the reporting period was CNY 0.5473, reflecting a 102.78% increase from CNY 0.2699 in the previous year[11]. - The gross profit margin for the rare light metal business improved to 55.85%, an increase of 7.25% year-on-year[47]. - The company achieved operating revenue of 874,239,903.76 yuan, a year-on-year increase of 68.51%[45]. - Net profit attributable to shareholders reached 17,316.32 million yuan, up 130.82% compared to the same period last year[44]. - The rare light metal business (lithium, cesium, rubidium) accounted for 71.43% of total revenue, growing by 118.91% year-on-year[46]. Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 4,971,092,690.75, a slight increase of 1.04% from CNY 4,919,946,732.46 at the end of the previous year[11]. - The total liabilities decreased to CNY 1,431,364,616.00 from CNY 1,747,207,365.79[126]. - Owner's equity increased to CNY 3,539,728,074.75, up from CNY 3,172,739,366.67[127]. - The company's long-term borrowings reached ¥610,303,857.50, accounting for 12.28% of total liabilities, an increase of 0.16% from the previous year[48]. - The total equity at the end of the reporting period is CNY 2,493,429,915.96, with a capital reserve of CNY 2,071,633,349.50 and retained earnings of CNY 20,863,167.42[149]. Market Position and Business Operations - The main business activities include the development and utilization of rare light metals (lithium, cesium, rubidium), solid mineral exploration technical services, and mining rights development[16]. - The company is a leading domestic supplier of battery-grade lithium fluoride and high-purity lithium carbonate, having successfully entered the Japanese and South Korean markets[20]. - The company operates over 20 subsidiaries and has a strong market reputation, ranking high in the Chinese non-ferrous metal exploration technology service sector[21]. - The company is positioned to benefit from the increasing global emphasis on cesium and rubidium due to their applications in various high-tech fields[17]. - The company is actively expanding its market presence in Europe, AMEA, and North America through its cesium formate business operations[24]. Production and Capacity Expansion - The company has a production capacity of 3,000 tons per year for battery-grade lithium fluoride, which is a key raw material for lithium-ion batteries, and has successfully entered the Tesla supply chain[29]. - The company plans to launch a new production line for 25,000 tons per year of battery-grade lithium hydroxide and lithium carbonate in the third quarter, aiming for full production within the year[29]. - The company plans to expand lithium fluoride production capacity from 3,000 tons/year to 6,000 tons/year by the end of the year[44]. - The company is currently constructing a new production line with an annual capacity of 15,000 tons of battery-grade lithium hydroxide and 10,000 tons of battery-grade lithium carbonate[68]. Environmental and Social Responsibility - The company has a wastewater treatment station with a processing capacity of 65 m³/h (1560 m³/d) to ensure wastewater meets discharge standards[66]. - The company has implemented an automatic monitoring system for wastewater and exhaust gases to ensure compliance with environmental standards[66]. - The company is committed to protecting the rights of shareholders, especially minority shareholders, by adhering to relevant laws and regulations[71]. - The company has established a "cesium formate ecological operation system" to effectively utilize cesium resources while reducing operational costs[24]. - The company has implemented a sustainable development plan focusing on energy use, waste reduction, and social and environmental activities[72]. Research and Development - Research and development expenses increased by 12.44% to 15,434,574.18 yuan[45]. - The company holds 129 technology patents, including 12 domestic invention patents and 109 foreign patents, showcasing its strong R&D capabilities in lithium and cesium salt production[36]. - The company has patented a process for producing high-purity lithium carbonate and battery-grade lithium fluoride, which features high recovery rates and low costs[27]. Shareholder and Equity Information - The total number of shares increased from 306,388,428 to 322,625,627, reflecting an increase of 16,237,199 shares due to the conversion of convertible bonds and the issuance of restricted stock[103]. - The total number of ordinary shareholders at the end of the reporting period was 20,358, with a significant shareholder, China Nonferrous Mining Group Co., Ltd., holding 55,712,343 shares, representing 17.27% of the total shares[107]. - The company has not engaged in any major related party transactions during the reporting period[80]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[77]. Risks and Challenges - The company faces risks related to exchange rate fluctuations, trade protection, and changes in foreign investment policies, which could affect overseas business operations[57]. - To mitigate foreign exchange risks, the company uses stable currencies for overseas transactions and sets contract terms to reduce exchange losses[59]. - The company’s financial report indicates a need for strategic adjustments to improve profitability and equity growth moving forward[145].