福建金森(002679) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was ¥31,287,121.09, representing a 24.66% increase compared to ¥25,097,589.68 in the same period last year[11]. - The net loss attributable to shareholders for the first half of 2024 was ¥37,672,189.49, which is a 6.34% increase in loss compared to ¥35,427,467.57 in the previous year[11]. - The basic and diluted earnings per share were both -¥0.16, a decrease of 6.67% compared to -¥0.15 in the same period last year[11]. - The operating profit was CNY -37,332,005.81, a decrease of 5.69% compared to the previous year[19]. - The net profit attributable to the parent company was CNY -37,672,189.49, reflecting a year-on-year decrease of 6.34%[19]. - The total comprehensive loss for the first half of 2024 was -¥31,739,349.43, compared to -¥36,880,688.41 in the first half of 2023[82]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥48,468,742.28, showing a significant decline of 1,270.09% from -¥3,537,621.26 in the same period last year[11]. - The cash balance at the end of the period was ¥131,122,914.98, down 62.90% from ¥353,443,129.41 at the end of the previous year[27]. - The cash inflow from financing activities dropped by 130.62% to -¥74,733,718.00, as bank loans obtained decreased compared to the previous year[26]. - The company’s cash and cash equivalents at the end of the first half of 2024 stood at ¥131,122,914.98, down from ¥353,443,129.41 at the end of the first half of 2023[84]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,944,148,060.03, down 5.16% from ¥2,049,946,544.33 at the end of the previous year[11]. - The net assets attributable to shareholders decreased by 5.74%, from ¥761,317,226.21 to ¥717,633,258.72[11]. - The company’s total liabilities decreased to ¥1,259,231,743.24 from ¥1,354,503,969.97, a reduction of approximately 7%[79]. - The total equity of the company as of the end of the first half of 2024 was ¥601,087,164.23, down from ¥638,838,291.66, reflecting a decline of about 5.9%[79]. Revenue Sources and Business Operations - The main business revenue accounted for 99.39% of total revenue during the reporting period[18]. - Forestry segment revenue amounted to ¥29,634,630.90, accounting for 94.72% of total revenue, with a year-on-year growth of 23.36%[28]. - The company completed the sale of 46,000 cubic meters of logs, including fir and pine, during the reporting period[18]. - The company operates approximately 800,000 acres of forest land with a timber stock of 7.5 million cubic meters[17]. Research and Development - The company reported a 100% increase in R&D expenses to ¥513,537.95, reflecting investment in new projects[26]. - Research and development expenses for the first half of 2024 were ¥513,537.95, indicating ongoing investment in innovation[79]. Government Support and Subsidies - The company received government subsidies amounting to ¥48,000 during the reporting period, which is a decrease compared to previous periods[14]. - The company benefits from tax exemptions on income from forestry projects, which allows it to avoid corporate income tax on certain revenues[168]. Shareholder Information - The company held two shareholder meetings with a participation rate of 66.25% in both meetings[43]. - The company has maintained a total of 235,756,000 shares, with no changes in shareholding structure[59]. - The company will not distribute cash dividends or issue bonus shares for the half-year period[44]. Risks and Future Plans - The company faces risks including macroeconomic environment changes, forestry policy adjustments, and challenges in expanding new business areas such as greening seedlings and forestry technology services[40]. - The company plans to enhance internal controls and management efficiency while utilizing low-interest loans to mitigate financial risks[42]. - The company is actively exploring new profit growth points, including forestry carbon sink services[17]. Accounting Policies and Financial Reporting - The financial report for the half-year period was not audited, which may affect the reliability of the financial data presented[71]. - The company’s accounting policies comply with the requirements of the enterprise accounting standards, ensuring a true and complete reflection of its financial status[103]. - The company recognizes revenue when control of the goods is transferred to the customer, which includes conditions such as the customer having the right to payment and the transfer of legal ownership[155]. Inventory and Receivables - The inventory balance is CNY 1,549,651,982.10, with no impairment provisions reported[184]. - The provision for bad debts as of the end of the period was ¥23,113,357.30, representing 16.44% of the total accounts receivable[171]. - The company reported a significant increase in accounts receivable aged between 1 to 2 years, rising to ¥65,480,793.60 from ¥37,903,975.23, an increase of approximately 72.9%[170].