LECRON(SZ:300343)2021-08-25 16:00Financial Performance - The company's operating revenue for the reporting period was ¥732,211,299.06, a decrease of 22.70% compared to the same period last year[30]. - The net profit attributable to shareholders of the listed company was ¥47,236,906.85, representing an increase of 180.62% year-on-year[30]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥33,174,140.61, up 151.32% from the previous year[30]. - The net cash flow from operating activities was ¥69,305,672.04, an increase of 145.17% compared to the same period last year[30]. - The basic earnings per share was ¥0.04, compared to a loss of ¥0.05 in the same period last year, marking a 180.00% improvement[30]. - The total assets at the end of the reporting period were ¥1,945,000,095.82, a decrease of 10.52% from the end of the previous year[30]. - The net assets attributable to shareholders of the listed company increased to ¥765,924,667.06, up 6.66% from the previous year[30]. - The weighted average return on net assets was 6.37%, an increase of 13.48% compared to the previous year[30]. - The company reported a net loss of 49.81 million yuan for the period, indicating a significant decline in performance[25]. - The company sold its internet segment, which had been generating losses, leading to a positive impact on overall performance[94]. Operational Efficiency - Operating costs decreased by 32.15% to ¥585,196,868.55 from ¥862,508,978.17, attributed to the same divestiture[56]. - Sales expenses were reduced by 70.45% to ¥16,536,154.29 from ¥55,964,802.68, reflecting changes in the scope of consolidation and new revenue recognition standards[56]. - Management expenses decreased by 40.93% to ¥39,617,549.03 from ¥67,070,001.55, also due to the divestiture of the internet segment[59]. - Financial expenses dropped by 53.00% to ¥4,831,510.53 from ¥10,280,819.52, mainly due to reduced interest expenses from loan repayments[59]. - The net cash flow from operating activities increased by 145.17% to ¥69,305,672.04, while cash flow from investing activities decreased by 81,115,883.47[59]. Market Position and Development - The production quota for HCFC-142b in 2021 was 3,650 tons, accounting for 26.28% of the national ODS production quota, indicating a significant market position[41]. - The demand for PVDF is expected to grow due to the rapid development of the new energy vehicle and photovoltaic industries, with a projected increase in HCFC-142b profitability[43]. - The company has developed a full-chain R&D team for polyurethane new materials, enhancing its ability to meet diverse customer needs[53]. - The company maintains long-term partnerships with major air conditioning manufacturers, being recognized as a "Gold Supplier" by Midea and Hisense[55]. - The company has 51 effective patented technologies, showcasing its strong technical advantages in the industry[50]. - The company’s new materials R&D center in Shanghai is positioned to lead in technology development, particularly in cold chain and solar energy applications[46]. - The company’s flexible production model allows for efficient response to market demand and raw material price fluctuations[47]. - The company has actively expanded into international markets, developing new clients in South Korea, Southeast Asia, and the Middle East[46]. - The company’s core management team focuses on technological innovation and scale development, enhancing its competitive position in the market[54]. Project Development - The company has initiated a PVDF (Polyvinylidene Fluoride) project with an annual capacity of 8,000 tons, with phase one at 3,000 tons currently in trial production and phase two at 5,000 tons in equipment customization[72]. - The new fluorocarbon chemical industry chain project with an annual capacity of 12,000 tons is nearly completed and ready for initial input[72]. - The company is also working on a comprehensive project for carbon tetrachloride with an annual capacity of 30,000 tons, currently in trial production[72]. - The total investment for the above projects amounts to approximately 47.66 million yuan, with a total expected output value of around 141.50 million yuan[72]. Risk Management - The company is facing risks from price fluctuations in chemical products, particularly HCFC-142b, which has seen significant price increases[98]. - To mitigate risks, the company plans to enhance its supply chain management and expand its customer base to improve sales stability[98]. - Internal management risks are increasing due to the company's growth, necessitating improvements in decision-making and control systems[99]. - The company aims to optimize its organizational structure and enhance talent acquisition to improve management capabilities[99]. - There are risks associated with new project implementations not meeting expectations due to regulatory and market changes[100]. - The company will closely monitor policy changes and adjust its business strategies accordingly to minimize adverse impacts[100]. Environmental and Safety Management - The company has implemented a comprehensive safety management system to enhance employee safety skills and awareness, which is a core aspect of its operations[103]. - The company has established a multi-level safety production responsibility system to mitigate operational risks[105]. - The wastewater treatment system of Shandong Lianchuang Polymer Co., Ltd. operates normally with a combination of micro-electrolysis, sedimentation, hydrolysis acidification, UASB anaerobic, and aerobic biochemical treatment processes[131]. - Emissions from the waste gas treatment facilities of Shandong Huaan New Materials Co., Ltd. meet standards, with particulate matter at 1.84 mg/m³, SO2 at 5.53 mg/m³, NOX at 16.7 mg/m³, and VOCs at 2.66 mg/m³[127]. - The company has achieved a wastewater discharge standard with ammonia nitrogen at 4.23 mg/L and total nitrogen at 45 mg/L[121]. - The company has established an emergency response plan for environmental incidents, which includes regular employee training and drills[133]. - The waste gas treatment systems for various processes, including chlorinated propane and polyester, are operating normally and meeting discharge standards[125][126]. - The company has a monitoring frequency for volatile organic compounds (VOCs) set at once a month for various emission points[134]. - The company has a training program for new employees, ensuring they pass a three-level safety training before being allowed to work[144]. - The company has established a contractor management system, requiring safety training and qualification before allowing contractors to work on-site[144]. Legal and Compliance Matters - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[165]. - There were no violations regarding external guarantees during the reporting period[166]. - The semi-annual financial report has not been audited[167]. - The company has no significant litigation or arbitration matters during the reporting period[172]. - The company is in the process of transferring 100% equity of Shanghai Lindong Marketing Planning Co., Ltd., which will no longer be included in the consolidated scope after the transfer[170]. - The company has a plan to recover and cancel compensation shares from compensation obligors if performance commitments are not fulfilled[162]. - The company is required to compensate for any profit shortfall if actual net profit does not meet the promised targets[161]. - The company has not encountered any bankruptcy reorganization matters during the reporting period[171]. - The company is involved in multiple ongoing legal disputes, with several cases still pending in court[182]. - The company is actively pursuing claims for various overdue payments and penalties across different legal cases[185].