BLIIC(SZ:300135)2021-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,010,660,746.58, representing a 75.50% increase compared to CNY 575,862,864.41 in the same period last year[20]. - The net profit attributable to shareholders of the listed company reached CNY 1,747,470.71, a significant turnaround from a loss of CNY 30,755,794.78 in the previous year, marking a 105.68% improvement[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 3,042,890.16, compared to a loss of CNY 41,737,237.88 in the same period last year, reflecting a 107.29% increase[20]. - The basic earnings per share for the reporting period was CNY 0.0019, compared to a loss of CNY 0.0334 per share in the previous year, indicating a 105.69% improvement[20]. - The total operating revenue for the first half of 2021 reached CNY 1,010,660,746.58, a significant increase from CNY 575,862,864.41 in the same period of 2020, representing a growth of approximately 75.5%[136]. - The net profit for the first half of 2021 was CNY 1,925,779.96, a recovery from a net loss of CNY 33,215,880.23 in the first half of 2020[138]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,611,576,788.32, a slight decrease of 0.37% from CNY 2,621,243,301.85 at the end of the previous year[20]. - The company's total assets as of June 30, 2021, amounted to CNY 2,835,241,637.25, up from CNY 2,352,946,755.01 at the end of 2020, reflecting an increase of approximately 20.5%[134]. - The company's total liabilities stood at CNY 1,381,631,142.99, slightly up from CNY 1,374,105,463.05 at the end of 2020[130][131]. - The total liabilities increased to CNY 1,712,738,544.19 as of June 30, 2021, compared to CNY 1,223,257,801.29 at the end of 2020, representing an increase of about 40.1%[135]. - The equity attributable to the owners of the parent company decreased from CNY 1,253,575,467.70 to CNY 1,236,204,964.98, a decline of approximately 1.4%[131]. Cash Flow - The net cash flow from operating activities was negative at CNY -184,916,623.97, worsening from CNY -101,643,592.60 in the same period last year, a decline of 81.93%[20]. - The company reported a net increase in cash and cash equivalents of -¥232,403,132.58, a 4.51% improvement from -¥243,368,828.37 in the prior year[45]. - Cash and cash equivalents decreased by 10.81% to CNY 449,951,554.49, accounting for 17.23% of total assets, primarily due to increased cash payments for asphalt procurement[50]. - The total cash inflow from financing activities was CNY 757,087,757.92, while cash outflow was CNY 769,491,828.98, resulting in a net cash flow of CNY -12,404,071.06[146]. Operational Highlights - The company has established subsidiaries in multiple regions including Jiangsu, Hunan, and Xinjiang, expanding its asphalt business coverage[27]. - The asphalt business includes products such as modified asphalt and emulsified asphalt, which are widely used in infrastructure projects[27]. - The company has entered the general aviation industry, providing services such as emergency rescue and aerial patrol[27]. - The general aviation sector is still in a developmental stage, with the company focusing on establishing a strong market presence[31]. - The asphalt industry is characterized by seasonality, with peak sales typically occurring from April to November[30]. Research and Development - The company emphasizes technological innovation and has a strong commitment to R&D to improve product competitiveness[40]. - Research and development expenses rose by 72.22% to ¥21,841,340.50, attributed to an increase in R&D materials[44]. - The company has filed multiple patents related to asphalt technology, indicating ongoing innovation and development efforts[42]. Governance and Compliance - The company has established a comprehensive governance structure in compliance with relevant laws and regulations, enhancing decision-making fairness and ensuring sustainable operations[80]. - The company has not faced any administrative penalties related to environmental issues during the reporting period, demonstrating compliance with environmental regulations[79]. - The company has not engaged in any significant asset or equity sales during the reporting period[63]. Market Strategy - The company is focusing on expanding its market presence in the underdeveloped central and western regions of China, aligning with the national "Belt and Road" initiative to enhance infrastructure construction[68]. - The company plans to continue expanding its market presence and invest in new product development[155]. Shareholder Information - The total number of shareholders at the end of the reporting period was 46,905[115]. - The major shareholder, Zhou Dehong, holds 30.65% of the total shares, amounting to 282,440,928 shares[113]. - The company did not distribute cash dividends or issue bonus shares during the reporting period, indicating a focus on reinvestment[75]. Risk Management - The management emphasizes the importance of understanding the risks and uncertainties associated with future plans and forecasts[4]. - The company is exposed to cyclical risks in the industry, heavily relying on the construction planning and cycles of high-grade highways and bridges, which could impact operational results[68]. - The company has implemented strategies to counteract raw material price volatility, including long-term supplier relationships and engaging in futures hedging to stabilize costs[69].