OXGF(SZ:300082)2021-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥3,116,538,221.72, representing a 32.35% increase compared to ¥2,303,780,670.80 in the same period last year[23]. - The net profit attributable to shareholders of the listed company decreased by 40.99% to ¥83,465,458.98, down from ¥136,557,940.57 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥69,739,978.21, a decline of 44.81% compared to ¥126,364,060.07 in the same period last year[23]. - The net cash flow from operating activities was ¥182,606,860.56, down 40.85% from ¥309,919,273.99 in the previous year[23]. - Basic earnings per share decreased by 42.86% to ¥0.12, compared to ¥0.20 in the same period last year[23]. - The total assets at the end of the reporting period were ¥5,612,953,720.24, an increase of 3.31% from ¥5,433,135,137.77 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company decreased by 4.59% to ¥3,129,833,840.61, down from ¥3,280,376,280.91 at the end of the previous year[23]. - The weighted average return on net assets was 2.60%, a decrease of 1.81 percentage points from 4.30% in the previous year[23]. Investment and Growth Strategies - The company has established international platforms in Indonesia and Singapore to support its international development strategy[31]. - The company acquired a 67% stake in Aoke Pharmaceutical Auxiliary, enriching its high-purity polyethylene glycol product line[36]. - The company focuses on green low-carbon fine chemical materials, with significant growth potential in the epoxy ethane derivatives market[38]. - The company aims to become a world-class manufacturer of green low-carbon fine chemical new materials, focusing on high-quality development and innovation[46]. - The company has established a comprehensive product R&D, production, and sales channel, enhancing its competitive advantage in the epoxy ethane deep processing market[42]. - The company plans to implement a matrix organizational structure to adapt to market competition, enhancing resource integration and operational efficiency[44]. Market Position and Competition - The company holds over 40% market share in the domestic polyether monomer market, which is a key product in the construction chemicals segment[31]. - The company holds over 40% market share in the domestic epoxy ethane deep processing industry, maintaining its leading position[42]. - The company is a major supplier of pharmaceutical excipients to over 400 formulation companies in China, benefiting from the structural adjustments in the pharmaceutical industry[42]. - The company is expanding its market presence with new product registrations and has completed business registrations for new subsidiaries[68]. Financial Management and Risks - The company has detailed the risks it faces and corresponding countermeasures in the report, which investors should pay attention to[5]. - The company is facing safety and environmental risks due to the nature of its chemical products and is enhancing its safety and environmental management systems[87]. - The company is focusing on technological upgrades and capacity expansion to adapt to the industry's supply-side reforms and enhance its competitive edge in high-end chemical materials[88]. - The company faces certain bad debt risks related to accounts receivable as sales scale expands, implementing measures to control total receivables and improve quality[90]. - The company has made provisions for asset impairment related to its investment in Shanghai Dongshuo Environmental Technology Co., Ltd., which has underperformed due to macroeconomic policy impacts[90]. Environmental Compliance and Management - The company is classified as a key pollutant discharge unit, with specific emissions monitored and reported[100]. - The company maintains compliance with national environmental standards, with no significant issues or pollution incidents reported[103]. - The company has established emergency response plans for environmental incidents, with the latest plan filed on May 7, 2021[107]. - The company has implemented a comprehensive environmental monitoring scheme across its facilities to ensure compliance with regulations[106]. - The company reported a total penalty of 310,000 RMB due to exceeding non-methane total hydrocarbon concentration limits, with immediate corrective actions taken[111]. Shareholder and Corporate Governance - The company has committed to avoiding substantial competition with its subsidiaries and affiliates, ensuring no direct or indirect engagement in competitive activities[116]. - All directors, supervisors, and senior management personnel have pledged not to invest in competing organizations during their tenure[117]. - The company will strictly adhere to its articles of association and related decision-making procedures for related transactions[117]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[123]. - The company has not reported any penalties or rectifications during the reporting period[130]. Cash Flow and Financial Position - Cash and cash equivalents at the end of the period amounted to ¥674,285,362.92, representing 12.01% of total assets, an increase from 11.75% at the end of the previous year[57]. - The company reported a significant increase in short-term borrowings, which rose to CNY 1,332,626,177.74 from CNY 781,440,377.65, an increase of about 70.5%[182]. - The company's total liabilities amounted to CNY 2,242,056,401.09, compared to CNY 1,922,791,848.10, reflecting an increase of approximately 16.6%[183]. - The total owner's equity decreased to CNY 3,370,897,319.15 from CNY 3,510,343,289.67, a decline of about 4.0%[184]. - The company reported a total of 3,030,000 CNY in disputes related to sales contracts, with no expected liabilities formed[128].