泰和科技(300801) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥858,190,098.76, representing a 10.32% increase compared to ¥777,878,858.36 in the same period last year[23]. - The net profit attributable to shareholders of the listed company decreased by 43.56% to ¥70,980,321.18 from ¥125,771,790.08 in the previous year[23]. - The net cash flow from operating activities fell by 67.93% to ¥45,237,887.76, down from ¥141,073,218.42 in the same period last year[23]. - Basic earnings per share decreased by 43.57% to ¥0.3286 from ¥0.5823 in the previous year[23]. - The total assets at the end of the reporting period were ¥2,112,296,908.69, a decrease of 0.56% from ¥2,124,221,466.53 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company increased by 0.91% to ¥1,885,573,272.41 from ¥1,868,637,033.89 at the end of the previous year[23]. - The weighted average return on net assets was 3.76%, down from 7.12% in the previous year, a decrease of 3.36%[23]. - Operating costs increased by 22.18% to ¥711,102,201.44 from ¥581,997,719.19, leading to a decrease in gross margin[61]. - The net cash flow from operating activities decreased by 67.93% to ¥45,237,887.76, primarily due to rising raw material costs and increased accounts receivable[62]. - The net increase in cash and cash equivalents was ¥299,003,730.95, a significant recovery from a decrease of ¥305,174,962.22 in the previous year, mainly due to the redemption of financial products[62]. Market and Sales - The company achieved a sales volume of 122,404.52 tons, an increase of 3.98% compared to the same period last year[46]. - The company exported 51.17% of its total revenue, highlighting its significant presence in the global market[45]. - The average product price was 6,986.78 yuan/ton, reflecting a 6.03% increase compared to the previous year[46]. - The company's foreign sales revenue was ¥43,910.30 million, accounting for 51.17% of total revenue, with a foreign exchange loss of ¥1.87 million, representing 2.26% of total profit[102]. Production and Capacity - The company has a production capacity of 280,000 tons/year, ensuring a comprehensive product line to meet diverse customer needs[40]. - The company has established a production capacity of 280,000 tons/year for water treatment agents, positioning itself as one of the few enterprises capable of large-scale production in the industry[55]. - The company’s wastewater treatment plant has a processing capacity of 200 m³/d, ensuring all wastewater is treated uniformly[126]. - The company has a production capacity of 300,000 tons of water treatment agents, with environmental impact assessments completed for various projects since 2013[127]. Research and Development - The company has invested in R&D, resulting in 21 technological achievements reaching international advanced levels and 12 at the domestic leading level, with 52 authorized invention patents and 48 utility model patents[50]. - Research and development investment rose by 20.35% to ¥38,709,046.65 from ¥32,163,764.82, indicating a commitment to innovation[61]. - The company emphasizes technological innovation and has established multiple high-level research platforms to enhance its competitive edge[40]. Risk Management - The company emphasizes the importance of risk awareness for investors regarding its future plans and forecasts[6]. - The company is actively monitoring the impact of the COVID-19 pandemic on its operations and the global economy[111]. - The company faces risks from international trade protectionism, which could adversely affect export business and market expansion[104]. - The company is implementing measures to mitigate risks from raw material price fluctuations and is enhancing strategic cooperation with suppliers[101]. - The company emphasizes risk management in foreign exchange derivative trading, focusing on profit locking and avoiding speculative trading[97]. Environmental and Safety Management - The company has focused on safety and environmental management, establishing systems to control operational risks and enhance safety culture[58]. - The company’s environmental protection measures include advanced gas treatment systems to ensure compliance with emission standards[125]. - The company has achieved environmental management system certification in August 2020[128]. - The company has received no administrative penalties for environmental issues during the reporting period[128]. - The company has implemented multiple stages of gas treatment processes to ensure emissions meet environmental standards[125]. Corporate Governance and Shareholder Matters - The company plans to not distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the half-year period[118]. - The company held its annual general meeting with a participation rate of 60.64% on April 7, 2021[115]. - The first extraordinary general meeting of 2021 had a participation rate of 72.81% on June 2, 2021[115]. - The company appointed a new general manager, Yao Ya, on January 30, 2021, following the resignation of the previous general manager, Cheng Zhongfa[116]. - The company has implemented a stock incentive plan approved on March 17, 2021, which includes a restricted stock incentive plan[119]. Financial Management - The total investment during the reporting period was ¥1,250,903,338.00, reflecting a 32.31% increase from ¥945,433,760.26 in the same period last year[74]. - The company aims to enhance its asset management and investment strategies to improve overall financial performance[81]. - The total amount of raised funds is RMB 843,724,400, with RMB 460,646,761.96 remaining in the account as of June 30, 2021[86]. - The company has committed to projects with a total investment of RMB 84,372.44 million, of which RMB 4,325.85 million has been invested by the end of the reporting period[89]. - The company has confirmed that all disclosed information regarding the use of raised funds is timely, truthful, accurate, and complete[90].