CECM(SZ:300385)2021-08-20 16:00Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥852 million, representing a 70.73% increase compared to ¥499 million in the same period last year[21]. - The net profit attributable to shareholders was approximately ¥51 million, a significant increase of 4,407.07% from ¥1.14 million in the previous year[21]. - The net profit after deducting non-recurring gains and losses was approximately ¥47 million, compared to a loss of ¥9.57 million in the same period last year, marking a 595.24% improvement[21]. - The basic earnings per share increased to ¥0.1536, up 4,417.65% from ¥0.0034 in the previous year[21]. - The weighted average return on net assets was 5.77%, an increase of 5.68 percentage points from 0.09% in the previous year[21]. - The company reported a total of 1,510 million yuan in revenue for the first half of 2021[125]. - The company reported a total operating revenue of approximately 852 million yuan, representing a year-on-year increase of 70.73%[35]. - Operating profit for the first half of 2021 was CNY 64,630,569.04, compared to CNY 184,676.09 in the first half of 2020, indicating a substantial improvement[181]. - Net profit for the first half of 2021 was CNY 65,410,037.07, a dramatic increase from CNY 1,172,576.09 in the same period of 2020[182]. - The company reported a significant improvement in cash flow from operating activities, with a net cash flow of -¥12,964,846.19, a 78.47% increase compared to -¥60,216,419.55 in the previous year[49]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥3.71 billion, a decrease of 3.31% from ¥3.84 billion at the end of the previous year[21]. - The total amount of financial assets measured at fair value at the end of the reporting period was ¥87,093,000.00[66]. - The company's total liabilities decreased from CNY 2,835,187,440.83 to CNY 2,642,761,531.01, a reduction of about 6.8%[172]. - The total equity increased from CNY 1,002,441,863.14 to CNY 1,067,851,900.21, reflecting an increase of approximately 6.5%[172]. - Cash and cash equivalents at the end of the reporting period amounted to ¥252,053,807.29, representing 6.79% of total assets, a slight decrease from 6.80% at the end of the previous year[57]. - The company's total current assets decreased from CNY 2,464,155,811.12 to CNY 2,357,210,885.46, a decline of approximately 4.3%[170]. Revenue Segments - The flue gas purification and ash treatment business generated approximately 620 million yuan in revenue, marking a 55.31% increase year-on-year[28]. - The hazardous waste disposal segment reported an operating revenue of 135 million yuan, up 14.78% from the previous year[30]. - The gross profit margin for the waste treatment segment was 59.55%, with revenue increasing by 203.80% to ¥133,256,744.12[52]. Research and Development - Research and development expenses rose by 9.61% to ¥30,346,358.71, reflecting the company's commitment to innovation[49]. - The company has been actively involved in technology research and development, with projects including high-efficiency SCR technology and waste incineration treatment methods, leading to the acquisition of a new patent[44]. - Research and development expenses for the first half of 2021 amounted to 140 million yuan, accounting for 10.8% of total revenue[200]. Strategic Initiatives - The company is actively expanding its resource recovery business, with a focus on projects like the 100,000 tons/year copper waste recycling project, which supports national carbon neutrality goals[31]. - The company is investing in technology innovation, with ongoing projects including high-efficiency SCR technology and waste incineration ash treatment techniques[32]. - The company aims to launch two new product lines by Q4 2021, targeting a revenue contribution of 300 million yuan in the next fiscal year[198]. - The company plans to expand its market presence by investing in new technologies and products, aiming for a 20% growth in market share by the end of 2022[198]. Risk Management - The company has outlined various risk factors and corresponding measures in the report, emphasizing the importance of risk awareness for investors[4]. - The company plans to enhance financial management and risk control due to increased financial pressure from acquisitions of Nanjing Zhuoyue and Shanghai Changying[82]. - The company will closely monitor raw material prices, particularly steel, to mitigate cost increase risks[83]. Environmental Compliance - Nanjing Zhuoyue's nitrogen oxide emissions were measured at 56.33 mg/m3, with a total discharge of 24 tons per year, complying with the pollution discharge standards[96]. - Nanjing Zhuoyue's sulfur dioxide emissions were measured at 11.00 mg/m3, with a total discharge of 4 tons per year, complying with the pollution discharge standards[96]. - Shanghai Changying's nitrogen oxide emissions were measured at 111.86 mg/m3, with a total discharge of 4 tons per year, complying with the pollution discharge standards[95]. - Shanghai Changying's sulfur dioxide emissions were measured at 3.3 mg/m3, with a total discharge of 0.78 tons per year, complying with the pollution discharge standards[95]. Shareholder and Employee Relations - The company emphasizes the protection of shareholder rights by ensuring accurate and timely information disclosure, allowing all investors, especially minority shareholders, to participate in meetings through both in-person and online voting[105]. - The company is committed to enhancing employee rights by improving work environments and career advancement mechanisms, while adhering to labor laws and fostering employee engagement through training and team-building activities[106]. - The company has not implemented any employee stock ownership plans or incentive measures during the reporting period[91]. Legal and Regulatory Compliance - There are no significant litigation or arbitration matters reported during the reporting period, indicating a stable legal standing[119]. - The company has not faced any penalties or corrective actions during the reporting period, reflecting compliance with regulations[122]. - The half-year financial report has not been audited, which may impact the assessment of financial performance[117].