Zhongchuang(SZ:300056)2021-08-27 16:00Organizational Structure and Management - The company plans to enhance internal organizational structure and improve management systems to address risks associated with rapid growth and external market changes [7]. - The company aims to integrate subsidiaries effectively while maintaining control and leveraging competitive advantages through a strategy of "technology cooperation and channel sharing" [9]. - The company aims to enhance its internal governance and improve its internal control system to achieve overall objectives [38]. - The company plans to enhance its internal management and control systems to address risks associated with rapid growth and expansion, ensuring sustainable development [79]. - A new employee stock ownership plan has been approved, aimed at aligning employee interests with the company's long-term strategic goals, with a lock-up period of 12 months [89]. Financial Performance - The company's operating revenue for the reporting period was ¥548,120,827.85, a decrease of 21.87% compared to ¥701,546,403.60 in the same period last year [31]. - The net profit attributable to shareholders was -¥18,751,236.47, representing a decline of 568.46% from ¥4,002,762.86 in the previous year [31]. - The net cash flow from operating activities improved to -¥71,592,973.82, a 57.79% increase compared to -¥169,608,023.78 in the same period last year [31]. - The total assets at the end of the reporting period were ¥1,550,511,734.09, down 4.28% from ¥1,619,800,774.75 at the end of the previous year [31]. - The net assets attributable to shareholders decreased by 4.79% to ¥924,378,634.13 from ¥970,836,728.10 at the end of the previous year [31]. - The company reported a basic earnings per share of -¥0.0489, a decrease of 565.71% from ¥0.0105 in the same period last year [31]. - The weighted average return on net assets was -1.97%, a decline of 2.39% compared to 0.42% in the previous year [31]. - The company reported a substantial increase in investment activity cash flow, with a net inflow of ¥22,841,001.35, a 717.34% increase compared to the previous year [51]. - The company reported a net loss of CNY 369.80 million in retained earnings as of June 30, 2021, compared to a loss of CNY 351.05 million at the end of 2020 [162]. Research and Development - The company has increased R&D investment to build a strong technical team and prevent core technology leakage, implementing measures such as confidentiality agreements and employee stock ownership plans [10]. - The company has a strong focus on R&D, with 139 valid patents and 8 software copyrights, which enhances its market competitiveness [45]. - The company has established partnerships with universities and research institutions, fostering innovation and improving its technological capabilities [45]. - The company's R&D investment increased slightly by 1.81% to ¥13,357,895.46, indicating ongoing commitment to technology development [51]. - The company is focusing on research and development of new products to drive future growth and innovation [190]. Market Position and Strategy - The company operates in three main business segments: non-ferrous metal materials, filtration materials, and environmental governance [38]. - The company's revenue growth was driven by rising non-ferrous metal prices, with zinc metal materials becoming the largest revenue contributor in the first half of 2021 [39]. - The company expanded its market share in filter materials, achieving significant breakthroughs in the steel and cement industries, while also diversifying applications into air purification and wastewater treatment [39]. - The company is enhancing its competitiveness in environmental governance services, leveraging over 10 years of experience in flue gas treatment to rapidly grow its market presence [39]. - The hazardous waste disposal industry is experiencing increased demand due to stricter regulations, with the company positioned to benefit from its established capabilities and recent policy support [44]. - The company is actively pursuing mergers and acquisitions to strengthen its position in precious metal recovery and hazardous waste management [39]. - The company’s strategic focus includes potential mergers and acquisitions to enhance its market share and operational capabilities [199]. Environmental Compliance and Challenges - The subsidiary Jiangxi Xiangsheng faces operational risks due to environmental compliance issues, with a remediation plan expected to be completed by August 31, 2021 [13]. - The company received a rectification notice from the Ji'an Yongfeng Ecological Environment Bureau regarding environmental issues at its subsidiary, Jiangxi Xiangsheng Environmental Technology Co., Ltd., which may impact its performance [134]. - The company has established emergency response plans for environmental incidents, which are registered with local environmental authorities [96]. - The company has developed a self-monitoring plan for environmental compliance, with automatic monitoring equipment approved by environmental authorities [97]. - 江西祥盛环保科技有限公司因环保问题受到147万元罚款，并被责令整改，整改完成前不得投入生产 [98]. - 公司与湖南中南大学专家团队合作制定整改方案，预计于2021年8月31日前完成整改 [99]. Shareholder and Equity Information - The company has a total of 385,490,443 shares, with 100% being unrestricted shares [138]. - The company repurchased a total of 4,894,551 shares, accounting for 1.27% of the total share capital, with a total payment of approximately 29,991,230.88 yuan [140]. - The total number of ordinary shareholders at the end of the reporting period was 21,109 [145]. - The major shareholder, Shanghai Zhongchuang Lingxing Energy Technology Group, holds 19.96% of the shares, totaling 76,945,848 shares, which are pledged [146]. - The second-largest shareholder, Qiu Guoqiang, owns 9.97% of the shares, amounting to 38,451,221 shares, which are also pledged [146]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period [149]. - The top ten shareholders did not engage in any repurchase transactions during the reporting period [147]. Financial Management and Investments - The company has engaged in financial investments with a total initial investment cost of ¥29,797,940.45, resulting in a fair value loss of ¥502,599.61 during the reporting period [69]. - The company has a total of ¥1,980.2 million in entrusted financial management, with no overdue amounts reported [72]. - The company has not utilized any raised funds during the reporting period [70]. - The company has a total approved guarantee limit of 100 million yuan, with actual guarantees amounting to 23.6 million yuan during the reporting period, representing 7.24% of the company's net assets [130]. - The company reported a total cash inflow from financing activities of 165,003,320.00 CNY, a decrease from 357,274,178.70 CNY in the previous year [178]. Social Responsibility and Compliance - 公司在社会责任履行方面与深圳证券交易所的相关要求仍存在差距，需加强社会责任管理 [105]. - 公司注重保护中小投资者的合法权益，保持与股东的有效沟通渠道 [101]. - 公司严格遵守劳动法律法规，为员工提供五险一金的福利保障 [102]. - 报告期内未发生重大诉讼仲裁事项，部分诉讼已结案且对公司无重大影响 [114]. - 公司控股股东及实际控制人诚信状况良好，未履行法院生效判决的情况 [116].