CDLQ(002628)2024-09-30 14:51Financial Performance - The company's operating revenue for the first half of 2024 was ¥369,939,301.13, a decrease of 33.18% compared to ¥553,654,921.12 in the same period last year[10]. - The net profit attributable to shareholders of the listed company was -¥27,880,039.04, representing a decline of 698.53% from a profit of ¥4,658,082.42 in the previous year[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥30,577,985.32, down 577.51% from ¥6,403,578.18 in the same period last year[10]. - The net cash flow from operating activities was -¥15,038,484.33, a significant decrease of 116.49% compared to ¥91,203,461.55 in the previous year[10]. - Basic earnings per share were -¥0.04, a drop of 500.00% from ¥0.01 in the same period last year[10]. - The total profit for the current period is -¥32,104,962.69, a decrease of 492.63% from ¥8,176,975.58 in the previous year[23]. - The total comprehensive income for the period was -27,344,274.05 CNY, down from 5,627,927.91 CNY[99]. - The net profit for the first half of 2024 was a loss of CNY 25.08 million, compared to a loss of CNY 4.29 million in the first half of 2023, indicating a significant decline in profitability[105]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,109,680,544.04, a decrease of 2.95% from ¥7,325,656,772.86 at the end of the previous year[10]. - The net assets attributable to shareholders of the listed company were ¥2,959,469,497.91, down 0.93% from ¥2,987,327,618.19 at the end of the previous year[10]. - The company's cash and cash equivalents decreased by 42.85% to -¥6,990,879.23 from -¥12,232,346.68 in the previous year[23]. - The accounts receivable increased to ¥1,083,625,932.96, accounting for 15.24% of total assets, up from 12.55% last year[26]. - The total liabilities include long-term borrowings of ¥1,396,739,525.01, which is 19.65% of total assets, slightly up from 19.09% last year[26]. - Total current assets decreased to 3,232,537,577.85 CNY from 3,406,235,052.69 CNY at the beginning of the period[101]. - Total liabilities decreased to CNY 4.07 billion in the first half of 2024 from CNY 4.26 billion in the same period of 2023, reflecting a reduction of approximately 4.4%[104]. Revenue Sources - The revenue from highway and municipal engineering construction is ¥338,529,679.99, representing 91.51% of total revenue, down 36.10% from ¥529,804,868.19 last year[24]. - The revenue from leasing increased by 124.23% to ¥6,020,351.81 from ¥2,684,905.20 in the previous year[23]. - The company achieved a revenue of 2.93 billion CNY from the Dazhou project, with a net profit of 19.48 million CNY, indicating strong performance in this segment[42]. Investments and Contracts - During the reporting period, the company secured 13 new contracts with a total value of CNY 31,665,900, focusing on small to medium-sized infrastructure projects[16]. - The investment amount for the reporting period was ¥15,193,451, a decrease of 37.99% compared to ¥24,500,000 in the same period last year[31]. - The company established a new equity investment in Sichuan Chenglu Zhicheng Asset Management with an investment amount of ¥10,000,000, holding a 100% stake[31]. - A new equity investment of ¥5,000,000 was made in Sichuan Chenglu Energy Co., holding a 100% stake[31]. Risk Management - The company has acknowledged potential industry risks and strategies to address them in its management discussion and analysis section[1]. - The company faces risks related to industry policies, with a focus on diversifying operations to reduce reliance on government infrastructure investments[44]. - Financial risks are being addressed by exploring new financing channels and enhancing the collection of accounts receivable[46]. - The company is optimizing procurement arrangements to manage risks associated with fluctuations in raw material prices and supply[47]. - Safety management measures are being strengthened to address risks related to on-site construction and ensure compliance with safety standards[48]. Corporate Governance and Shareholder Matters - The company plans not to distribute cash dividends or issue bonus shares[1]. - The annual shareholders' meeting had a participation rate of 24.37%, held on May 21, 2024, with resolutions disclosed on May 22, 2024[51]. - The company has not implemented any stock incentive plans, employee stock ownership plans, or other employee incentive measures during the reporting period[53]. - The company maintains a 100% labor contract signing rate for employees and provides comprehensive social insurance and benefits[58]. - The company emphasizes the protection of creditor rights by adhering to commercial rules and timely fulfilling financial obligations[57]. Legal Matters - The company has initiated litigation against Baofeng County Development Investment Co., Ltd. for a total amount of 87.05 million yuan regarding the construction of four roads in the Pingdingshan East Square project, with the case currently in the first instance[63]. - A lawsuit has been filed against Dayi County Transportation Construction Investment Co., Ltd. for 61.64 million yuan concerning the Chengwenqiong Expressway project, with the case currently in the first instance[63]. - The company is involved in a dispute with Sichuan Lituo Xingbang Construction Labor Co., Ltd. over a payment of 57.12 million yuan related to the Dazhou to Xuanhan Expressway PPP project, which is still under trial[63]. Financial Reporting and Compliance - The company's semi-annual financial report has not been audited[62]. - The company has no significant litigation or arbitration matters during the reporting period[62]. - The company’s financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, reflecting its financial position and operating results accurately[127]. - The company has confirmed that there are no other major matters requiring explanation in the reporting period[79]. Employee and Customer Relations - The company focuses on enhancing employee skills through various training programs to improve job adaptability[58]. - The company prioritizes customer satisfaction and ensures that all engineering products meet quality standards[59]. - The company has established a fair and transparent procurement process to protect supplier rights and maintain strategic partnerships[59].