WBD(SZ:300055)2022-08-21 16:00Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,212,857,735.88, representing a 53.96% increase compared to CNY 787,776,334.25 in the same period last year[22]. - The net profit attributable to shareholders of the listed company decreased by 68.52% to CNY 51,731,532.51 from CNY 164,334,747.04 year-on-year[22]. - Basic earnings per share dropped by 66.09% to CNY 0.0644 from CNY 0.1899 in the same period last year[22]. - The net profit attributable to shareholders was 52 million yuan, a decrease of 68.52% year-on-year[36]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 51 million yuan, a decrease of 17.90% year-on-year[36]. - The company's net cash flow from operating activities surged by 530.73% to CNY 192,505,941.58, compared to CNY 30,521,007.08 in the previous year[22]. - The company's operating revenue for the reporting period reached ¥1,212,857,735.88, representing a year-on-year increase of 53.96% due to rapid revenue growth from Huizhou Isco and its consolidation into the financial statements since February of the previous year[46]. - Operating costs increased by 69.79% to ¥1,048,297,010.88, primarily driven by the revenue growth from Huizhou Isco[46]. - The company's net cash flow from operating activities improved to CNY 192,505,941.58 in the first half of 2022, up from CNY 30,521,007.08 in the same period of 2021, marking a growth of approximately 530.5%[194]. - The company's total comprehensive income for the period was ¥62.0 million, indicating a positive performance despite cash flow issues[200]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,191,231,973.21, a decrease of 0.84% from CNY 7,252,113,938.98 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company increased by 0.57% to CNY 5,133,760,539.89 from CNY 5,104,436,824.83 at the end of the previous year[22]. - The company's cash and cash equivalents at the end of the reporting period were ¥1,056,889,733.98, representing 14.70% of total assets, an increase of 1.64% from the previous year[54]. - Long-term equity investments increased significantly by 6.96% to ¥548,297,604.07, mainly due to the recognition of investments in Jintai Potash Fertilizer[54]. - Total current assets decreased from 3,104.43 million to 2,757.46 million, a reduction of 11.16%[178]. - Total liabilities decreased from 1,709.68 million to 1,673.89 million, a reduction of 2.09%[179]. - The company's total equity attributable to shareholders at the end of the period was ¥1,184,865,184.55, reflecting a decrease from the previous year[199]. Investments and R&D - The company signed an investment agreement for the Yulin Lantan project with a total investment of approximately 672 million yuan[36]. - Research and development expenses rose by 62.83% to ¥40,893,871.68, mainly due to increased R&D investments by Huizhou Isco[47]. - The company authorized 6 patents during the reporting period, including 3 invention patents, covering wastewater treatment, waste resource utilization, and lithium extraction from salt lakes[40]. - The company has established a comprehensive R&D system for lithium extraction from salt lakes, integrating various extraction processes to enhance resource utilization[40]. - The company's R&D expenses increased to ¥40,893,871.68, compared to ¥25,115,085.87 in the previous year, marking a 62.5% rise[186]. Environmental Compliance - Environmental compliance is a priority, with ongoing investments to meet regulatory standards[76]. - The company reported a total of 25.23 tons of particulate matter emissions, with a concentration of 10.00 mg/m³, exceeding the standard limits[88]. - The wastewater treatment station has a removal efficiency of 80% for H2S and NH3, with emissions meeting the secondary standards of the odor pollution discharge standard (GB14554-93)[91]. - The project has a solid waste management plan that includes hazardous waste and domestic waste, with hazardous waste being disposed of by qualified units according to national regulations[106]. - The project has obtained a pollution discharge permit valid for five years and a hazardous waste operation permit valid for five years as of January 2022[106]. - No administrative penalties were imposed on the company during the reporting period due to environmental issues[111]. Corporate Governance and Management - The company is optimizing its governance structure to enhance management standards and internal controls[73]. - The annual shareholders meeting had a participation rate of 36.12% on April 15, 2022[81]. - The company elected a new board of directors on April 15, 2022, including the appointment of Wang Piaoyang as Chairman and General Manager[82]. - The company experienced a change in senior management, with several executives completing their terms on April 15, 2022[83]. - The company emphasizes employee rights and satisfaction, implementing a fair and transparent compensation and performance evaluation system[113]. Shareholder Information - The total number of shares decreased from 865,184,815 to 803,095,760 after the cancellation of 62,089,055 shares[150]. - The basic earnings per share increased from 0.0598 to 0.0644 after the share capital change[151]. - The total number of shareholders at the end of the reporting period was 39,541[155]. - Wang Piaoyang holds 29.63% of the shares, totaling 237,940,370, with 178,455,277 shares frozen[155]. - The company has a total of 1,732,875 shares under lock-up agreements, with various executives having shares released after their terms[152]. Risks and Challenges - The company faces risks related to high accounts receivable, which could impact cash flow and increase bad debt risk[74]. - Safety production risks are acknowledged, particularly in the handling of hazardous chemicals[77]. - The company has not disclosed any new product developments or technological advancements in the reporting period[87]. - The company did not provide any future performance guidance or market expansion strategies in the report[87].