ST步森(002569) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥131,879,636.84, a decrease of 8.85% compared to ¥144,692,029.62 in the same period last year[19]. - The net profit attributable to shareholders was ¥36,888,811.23, a significant increase of 195.36% from a loss of ¥38,684,578.70 in the previous year[19]. - The basic earnings per share rose to ¥0.26, compared to a loss of ¥0.28 per share in the same period last year, marking a 192.86% improvement[19]. - The company's revenue for the reporting period was approximately ¥131.88 million, a decrease of 8.85% compared to ¥144.69 million in the same period last year[32]. - The company reported a significant increase in management expenses by 29.26% to ¥41.51 million, primarily due to new equity incentive costs of ¥11.17 million[32]. - The company reported a total revenue of 22,725,117.1 CNY for the first half of 2021, with a net loss of 8,833,013.65 CNY[71]. - The company reported a total comprehensive loss of ¥78,960,944.07 for the first half of 2021, compared to a loss of ¥12,279,653.73 in the same period of 2020, indicating a worsening financial position[166]. Assets and Liabilities - The total assets at the end of the reporting period were ¥377,082,173.24, down 3.47% from ¥390,644,553.36 at the end of the previous year[19]. - The net assets attributable to shareholders increased by 24.75% to ¥242,216,610.75 from ¥194,162,799.52 at the end of the previous year[19]. - The company's total assets decreased to CNY 457,443,790.85 as of June 30, 2021, down from CNY 554,873,513.19 at the end of 2020[157]. - Total liabilities decreased to CNY 132,265,832.58 from CNY 193,898,550.15, marking a reduction of approximately 31.7%[153]. - The total liabilities at the end of the reporting period were 290,421.80 thousand yuan[183]. Cash Flow - The net cash flow from operating activities was negative at -¥16,128,884.63, a decline of 201.01% compared to -¥5,358,275.37 in the same period last year[19]. - The cash flow from operating activities indicates a need for improved operational efficiency to reverse the negative trend[173]. - The cash and cash equivalents at the end of the first half of 2021 were ¥32,112,883.49, down from ¥53,503,675.05 at the end of the first half of 2020, a decrease of approximately 40%[170]. - The total cash and cash equivalents at the end of the period were 10,728,296.23 CNY, down from 37,126,178.77 CNY at the end of the previous period[173]. Revenue Breakdown - The company's retail revenue from the clothing manufacturing sector accounted for 92% of total revenue, amounting to ¥121.72 million, down 11.86% year-on-year[34]. - Domestic sales accounted for 95.64% of total revenue, totaling ¥126.13 million, while international sales dropped significantly by 64.25% to ¥5.75 million[34]. - The company's total revenue for the apparel manufacturing sector was ¥121,722,228.01, representing a year-over-year decrease of 11.86%[35]. - Shirt revenue increased by 31.85% year-over-year to ¥22,249,839.27, while pants revenue decreased by 44.02% to ¥22,839,157.29[36]. Strategic Initiatives - The company is focusing on enhancing its brand image and expanding its online and offline sales channels to adapt to the evolving retail landscape[29]. - The company plans to leverage new technologies such as AI and IoT to improve operational efficiency and market share[29]. - The company is restructuring its brand positioning to better align with young consumers, utilizing new media platforms for marketing[50]. - The company plans to implement various measures to support well-performing franchisees and promote new retail business initiatives[72]. Legal and Compliance - The company faces potential risks as outlined in the report, which investors should be aware of[4]. - The company has not faced any environmental penalties during the reporting period and is not classified as a key pollutant discharge unit[82]. - The company will strictly adhere to the regulations set forth by the China Securities Regulatory Commission and the Shenzhen Stock Exchange, ensuring fair treatment of all shareholders[90]. - The company has committed to maintaining an independent labor, personnel, and compensation management system, separate from the actual controller[86]. Shareholder Matters - The company has not distributed cash dividends or bonus shares for the first half of 2021, nor has it increased capital through public reserves[78]. - The company has a total of 4,543 common shareholders at the end of the reporting period[136]. - Major shareholders include Beijing Dongfang Hengzheng with 15.55% (22,400,000 shares) and Shanghai Ruizhe Asset Management with 11.61% (16,720,000 shares) frozen[137]. - The company plans to continue its stock incentive program, with annual unlocks of 25% of the total shares held by executives[134]. Investment Activities - The company has made significant equity investments, including a total investment of ¥19,343,000.00 in two companies, with a 51% stake in one and a 100% stake in another[65]. - The company reported an investment loss of ¥112,999,995.00 in the first half of 2021, highlighting challenges in its investment portfolio[165]. - The company has initiated litigation to recover equity from Zhongyi Jinjin after the latter failed to comply with the agreement[107]. Operational Challenges - The company is engaged in ongoing litigation, with the gradual resolution of cases expected to reduce negative impacts on its operations[101]. - The company has not undergone any bankruptcy reorganization during the reporting period[102]. - The company reported a violation of guarantee amounting to 25 million yuan, which represents 10.32% of the latest audited net assets[99].