CSBM(000158)2023-08-29 16:00Corporate Governance and Shareholder Structure - The company reported no illegal external guarantees during the reporting period[2] - The company's actual controller did not change during the reporting period[17] - The company's controlling shareholder did not change during the reporting period[22] - The company's total number of ordinary shareholders at the end of the reporting period was 175,251[15] - Shijiazhuang Changshan Textile Group Co., Ltd. holds 28.48% of the company's shares, making it the largest shareholder[15] - The company's largest shareholder, Shijiazhuang Changshan Textile Group Co., Ltd., holds 455,296,184 unrestricted ordinary shares[48] - The company's second-largest shareholder, Beijing Beiming Weiye Holding Co., Ltd., holds 135,253,220 unrestricted ordinary shares[48] - The company's third-largest shareholder, Hong Kong Securities Clearing Company Ltd., holds 13,974,679 unrestricted ordinary shares[48] - The company's fourth-largest shareholder, Linzhi Tencent Investment Management Co., Ltd., holds 8,569,500 unrestricted ordinary shares[48] - As of the reporting period, the largest shareholder, Shijiazhuang Changshan Textile Group Co., Ltd., held 455,296,184 shares, representing a 28.48% stake[146] Financial Performance and Results - Total operating revenue for the first half of 2023 was 3,222,836,751.14 yuan, compared to 4,420,041,895.40 yuan in the same period of 2022[93] - Total operating costs for the first half of 2023 were 3,372,382,429.24 yuan, compared to 4,591,891,792.08 yuan in the same period of 2022[93] - Comprehensive income for the period totaled -62,315,945.18 yuan, a decrease from -89,418,733.52 yuan in the previous period[105] - Net profit attributable to the parent company's shareholders was -50,218,377.93 yuan, compared to -59,533,357.87 yuan in the previous period[117] - Minority shareholders' net loss was -14,310,342.53 yuan, an improvement from -29,885,375.65 yuan in the prior period[117] - Revenue for the first half of 2023 was RMB 740.75 million, a significant decrease from RMB 1.52 billion in the same period of 2022[118] - Net profit for the first half of 2023 was a loss of RMB 30.45 million, compared to a loss of RMB 33.24 million in the same period of 2022[118] - Revenue for the reporting period was 3,222,836,751.14 yuan, a decrease of 27.09% compared to the same period last year[181] - Net profit attributable to shareholders of the listed company was -50,218,377.93 yuan, an improvement of 15.65% compared to the same period last year[181] - Basic earnings per share for the reporting period were -0.0314 yuan, an improvement of 15.59% compared to the same period last year[181] - Weighted average return on equity was -0.85%, an improvement of 0.12 percentage points compared to the same period last year[181] Assets and Liabilities - Total liabilities as of the end of the first half of 2023 were 3,930,920,535.83 yuan, slightly down from 3,951,788,831.99 yuan at the end of the first half of 2022[93] - Total owner's equity as of the end of the first half of 2023 was 4,820,350,996.34 yuan, compared to 4,850,796,019.83 yuan at the end of the first half of 2022[93] - Total assets as of the end of the first half of 2023 were 8,751,271,532.17 yuan, slightly down from 8,802,584,851.82 yuan at the end of the first half of 2022[93] - Long-term loans decreased to 842,610,000.00 yuan in the first half of 2023 from 1,117,333,017.58 yuan in the same period of 2022[93] - Deferred income decreased to 333,954,485.63 yuan in the first half of 2023 from 427,902,138.17 yuan in the same period of 2022[93] - Accounts receivable increased to 576,638,880.87 yuan in the first half of 2023 from 523,630,380.90 yuan in the same period of 2022[101] - Prepayments increased significantly to 1,148,492,689.45 yuan in the first half of 2023 from 674,313,095.31 yuan in the same period of 2022[101] - Inventory increased slightly to 550,505,002.49 yuan in the first half of 2023 from 547,823,586.42 yuan in the same period of 2022[101] - Total assets at the end of the reporting period were 14,848,028,871.66 yuan, a decrease of 10.32% compared to the end of the previous year[181] - Equity attributable to shareholders of the listed company at the end of the reporting period was 5,901,005,676.50 yuan, a decrease of 0.83% compared to the end of the previous year[181] Cash Flow and Financing - Net cash flow from operating activities was -719,918,810.68 yuan, compared to -666,801,106.77 yuan in the same period last year[108] - Operating cash flow for the first half of 2023 was negative RMB 906.18 million, compared to negative RMB 1.17 billion in the same period of 2022[126] - Investment cash flow for the first half of 2023 was negative RMB 43.83 million, compared to negative RMB 50.88 million in the same period of 2022[120] - Financing cash flow for the first half of 2023 was negative RMB 445.64 million, compared to positive RMB 242.23 million in the same period of 2022[120] - Cash and cash equivalents at the end of the first half of 2023 were RMB 718.12 million, a decrease from RMB 970.50 million at the end of the same period in 2022[120] - Restricted cash and cash equivalents at the end of the first half of 2023 were RMB 314.72 million, primarily due to guarantees and deposits[123] - Cash flow from operating activities was -906,183,908.27 yuan, an improvement of 22.47% compared to the same period last year[181] Fixed Assets and Investments - The company's fixed assets at the beginning of the period amounted to 3,388,006,729.50 yuan, with significant investments in buildings, machinery, and transportation equipment[53] - During the reporting period, the company added 5,876,905.51 yuan to its fixed assets, primarily through purchases and construction project transfers[53] - The company disposed of fixed assets worth 75,903,106.15 yuan during the period, mainly through sales or scrapping[53] - The Changshan Cloud Data Center project has a budget of 600,000,000 yuan, with 242,703,251.09 yuan invested by the end of the period, representing 40.45% of the total budget[54] - The Tencent Cloud (Liaoning) Industrial Internet Base project has a budget of 49,500,000 yuan, with 33,803,311.22 yuan invested by the end of the period, representing 68.29% of the total budget[54] - The company's total construction in progress at the end of the period was 276,518,745.40 yuan, an increase from 221,338,770.78 yuan at the beginning of the period[54] - Fixed assets at the end of the first half of 2023 were RMB 549.20 million, with some assets mortgaged for project loans[123] - Intangible assets at the end of the first half of 2023 were RMB 139.01 million, with some assets mortgaged for project loans[123] - Total restricted assets at the end of the first half of 2023 were RMB 1.00 billion[123] Related Party Transactions and Guarantees - The company's total related party transactions amounted to 3,689.47 million yuan[9] - The company has no asset or equity acquisition or disposal related party transactions during the reporting period[29] - The company has no significant guarantees during the reporting period[30] - Total approved guarantee amount for subsidiaries during the reporting period: 307,000 (unit: RMB)[65] - Actual guarantee amount for subsidiaries during the reporting period: 218,590 (unit: RMB)[65] Environmental and Risk Management - The company achieved ISO14001 environmental management system certification and all projects strictly followed environmental impact assessment and the "three simultaneous" system[4] - The company uses hedging tools to mitigate the impact of exchange rate and interest rate fluctuations, ensuring no significant losses due to these fluctuations[154] - The company's hedging activities are funded by its own capital[154] - The company has established a comprehensive risk management system for derivative investments, including market risk, liquidity risk, credit risk, operational risk, and legal risk[154] - The company's audit department regularly conducts internal audits on derivative transactions to ensure compliance and risk management[154] Equity and Capital Changes - The company had no profit distribution or capital reserve conversion to share capital during the reporting period[3] - The company has 17,253,065 restricted shares at the beginning of the period, with 3,060,331 shares released and 14,213,470 shares remaining at the end of the period[34] - Restricted shares decreased by 3,039,595, resulting in 14,351,222 restricted shares remaining[71] - Share capital at the beginning of the period was 1,598,616,721.00 yuan[132] - Capital reserve at the beginning of the period was 2,666,729,107.20 yuan[132] - Retained earnings at the beginning of the period were 1,445,432,552.46 yuan[132] - Total comprehensive income for the period was -50,218,377.93 yuan[133] - Minority shareholders' equity at the beginning of the period was -7,232,615.20 yuan[132] - Total equity at the beginning of the period was 5,943,158,987.18 yuan[132] - Changes in equity during the period amounted to -63,733.52 yuan[138] - Retained earnings at the end of the period were 1,593,670,832.58 yuan[140] - Total equity at the end of the period was 6,082,346,350.00 yuan[140] - Minority shareholders' equity at the end of the period was -12,023,638.70 yuan[140] - Share capital at the beginning of the period was 1,598,616,721.00 yuan[141] - Capital reserve at the beginning of the period was 2,638,811,805.47 yuan[141] - Other comprehensive income for the first half of 2023 was -18,000,000.00 yuan[141] - Surplus reserve at the beginning of the period was 251,585,761.98 yuan[141] - Undistributed profit at the beginning of the period was 379,781,731.38 yuan[141] - Total owner's equity at the beginning of the period was 4,850,796,019.83 yuan[141] - Decrease in undistributed profit during the period was -30,445,023.49 yuan[141] - Total owner's equity at the end of the period was 4,820,350,996.34 yuan[143] - Other comprehensive income for the first half of 2022 was -16,171,512.65 yuan[145] - Total owner's equity at the end of the period in 2022 was 4,955,649,709.85 yuan[145] - The company issued 72,700,000 shares of RMB ordinary shares (A shares) at a price of RMB 8.35 per share, increasing the registered capital to RMB 502,700,000[146] - The company increased its registered capital by RMB 216,161,000 through a capital reserve to share capital conversion, resulting in a total registered capital of RMB 718,861,000[146] - In 2015, the company issued 441,056,890 shares to acquire 100% equity of Beiming Software Co., Ltd., increasing the registered capital to RMB 1,159,917,890[146] - The company raised additional funds by issuing 111,524,388 shares, bringing the registered capital to RMB 1,271,442,278[146] - In 2017, the company increased its registered capital by RMB 381,432,683 through a capital reserve to share capital conversion, resulting in a total registered capital of RMB 1,652,874,961[146] - The company repurchased and canceled 54,258,240 shares, reducing the registered capital to RMB 1,598,616,721[146] - The company changed its name from "Shijiazhuang Changshan Textile Co., Ltd." to "Shijiazhuang Changshan Beiming Technology Co., Ltd." in 2017[146] - The company's registered capital is RMB 1,598,616,721, and it operates in various sectors including computer software development, textiles, and import/export business[146] - The company has 47 subsidiaries included in the consolidated financial statements for the first half of 2023[146] Derivative Investments and Hedging - Derivative investment income for the period was RMB 1.6846 million, including RMB 1.1469 million from interest rate swaps, RMB 357,600 from currency swaps, and RMB 180,100 from cotton futures[154] - The company's cotton futures hedging activities aim to control product sales prices and raw material procurement costs within a reasonable range[154] - The company's foreign exchange derivative transactions are conducted with DBS Bank (China) Co., Ltd. Guangzhou Branch, which has a good credit standing and long-term business relationship with the company[154] Other Financial Information - Inventory impairment provision for inventory goods is 120,945,853.58 RMB, with a decrease of 35,339,162.16 RMB and an ending balance of 86,606,681.61 RMB[25] - Total impairment provision reversal for the period is 4,578,163.04 RMB[26] - Other current liabilities include deferred output tax of 63,204,903.85 RMB, with an ending balance of 51,198,578.22 RMB[28] - Long-term loans include mortgage loans of 258,836,039.22 RMB, guaranteed loans of 1,405,778,083.68 RMB, and credit loans of 555,606,060.00 RMB[44] - The company has mortgaged properties with a net value of 163,534,803.18 RMB for buildings and 190,277,905.29 RMB for machinery to secure loans[44] - Accumulated depreciation at the end of the period is 1,493,352,847.64 RMB, with an increase of 111,235,967.40 RMB during the period[47] - The net book value of assets at the end of the period is 1,824,621,042.15 RMB, compared to 1,931,895,398.48 RMB at the beginning of the period[47] - Bank wealth management products (principal-guaranteed) using own funds: -2,300 (unit: RMB)[66] - Lease expenses for office buildings from Guangzhou Mobile Technology Co., Ltd.: 1,583,908.29 (unit: RMB)[68] - Lease expenses for office buildings from Beijing Juzhongjiye Enterprise Management Co., Ltd.: 10,187,431.90 (unit: RMB)[68] - Disposal of idle equipment from subsidiary Shijiazhuang Changshan Hengxin Textile Co., Ltd.: 202.64 (unit: RMB)[70] - Current liabilities total: 7,338,782,692.38 (unit: RMB)[90] - Non-current liabilities total: 1,629,783,460.51 (unit: RMB)[90] - Total liabilities and owner's equity: 14,848,028,871.66 (unit: RMB)[90] - Total revenue from sales of goods and services was 843,180,021.04 yuan, down from 1,626,957,287.71 yuan in the previous year[108] - Total assets as of June 30, 2023, amounted to 8,916,370,513.50 yuan, a decrease from 10,516,204,213.38 yuan at the beginning of the year[113] - Total operating costs were 2,840,325,276.59 yuan, down from 4,081,868,264.92 yuan in the previous year[117] - R&D expenses decreased to 94,948,786.55 yuan from 105,129,725.64 yuan in the prior period[117] - Financial expenses were 107,646,148.93 yuan, slightly lower than 110,300,956.64 yuan in the previous year[117] - Other comprehensive income after tax amounted to 2,212,775.28 yuan, all attributable to the parent company's shareholders[117] - The company's total equity at the beginning of the period was 4,987,479,222.81 yuan, with a decrease of 31,829,512.96 yuan during the period[175] - Comprehensive income for the period was -33,240,304.89 yuan[175] - Capital contributed by owners during the period was 1,410,791.93 yuan[175] - No differences in net profit and net assets between international accounting standards and Chinese accounting standards were reported[200] - No differences in net profit and net assets between overseas accounting standards and Chinese accounting standards were reported[200] Project Investments and Progress - The company's cloud data center project has invested RMB 50.732864 million in the current period, with a cumulative investment of RMB 242.703251 million, achieving 40.45% of the project progress[164] - The cloud data center project is expected to generate RMB 66.07 million in revenue[164] Dividend and Capital Reserve Policies - The company has no plans to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital[160