西部建设(002302) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was approximately ¥9.90 billion, a decrease of 8.40% compared to ¥10.80 billion in the same period last year[11]. - The net profit attributable to shareholders of the listed company was approximately ¥5.63 million, down 96.59% from ¥164.96 million in the previous year[11]. - The net profit after deducting non-recurring gains and losses was approximately -¥28.83 million, a decline of 119.88% compared to ¥145.04 million in the same period last year[11]. - The basic earnings per share were -¥0.0143, a decline of 112.78% compared to ¥0.1119 in the same period last year[11]. - The company's operating revenue for the reporting period was approximately ¥9.90 billion, a decrease of 8.40% compared to ¥10.80 billion in the same period last year[30]. - The company's operating costs were approximately ¥9.12 billion, down 6.70% from ¥9.77 billion year-on-year[30]. - The company reported a net profit of -28,826,500 RMB for the current period, a decrease of 119.88% compared to the same period last year[121]. - The net profit for the first half of 2024 was CNY 25,442,019.90, a significant decline of 86.5% compared to CNY 187,596,330.33 in the first half of 2023[129]. Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥821.13 million, a 46.07% increase from -¥1.52 billion in the previous year[11]. - The company's cash and cash equivalents decreased by 4.33% to CNY 2,601,677,119.46, accounting for 7.15% of total assets[35]. - The company reported a significant increase in cash inflow from operating activities, totaling CNY 6.99 billion in the first half of 2024, compared to CNY 6.21 billion in the same period of 2023[133]. - The net cash flow from financing activities was -343,813,664.80 CNY, contrasting with a positive net cash flow of 76,012,374.44 CNY in the first half of 2023[135]. - The total cash inflow from investment activities was 139,090,760.13 CNY, significantly higher than 20,074,092.08 CNY in the previous year[135]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥36.38 billion, an increase of 5.74% from ¥34.40 billion at the end of the previous year[11]. - The total liabilities rose to CNY 25.42 billion, compared to CNY 23.33 billion, indicating an increase of approximately 8.9%[125]. - The company's equity attributable to shareholders decreased to CNY 9.77 billion from CNY 9.93 billion, a decline of about 1.6%[125]. - The company's long-term borrowings increased by 0.22% to CNY 283,619,774.18, reflecting new borrowings during the period[35]. Operational Highlights - The company signed new contracts worth 30.355 billion yuan, achieving operating revenue of 9.897 billion yuan and a net profit attributable to shareholders of 5.6288 million yuan, maintaining a steady development trend[20]. - The company added 21 new concrete mixing stations, with 14 located in key strategic areas, and achieved a concrete signing volume of 40.64 million cubic meters, a year-on-year increase of 29%[21]. - The company remains the second largest in China's ready-mixed concrete industry and was listed among the top 500 Chinese listed companies in 2023[19]. - The company achieved significant growth in overseas business, with concrete production and operating income in international markets increasing substantially[21]. Research and Development - Research and development investment decreased by 22.36% to approximately ¥231.30 million from ¥297.90 million in the previous year[30]. - The company has accumulated 367 authorized invention patents and 518 authorized utility model patents as of the first half of 2024[27]. - Research and development expenses for the first half of 2024 were CNY 222,826,958.39, down 21% from CNY 281,966,161.00 in the previous year[129]. Environmental and Social Responsibility - The company has made strides in green development, with 11 subsidiaries completing energy management system certifications and becoming the first "zero-carbon factory" in the ready-mixed concrete industry[21]. - The company has been recognized with multiple green awards, including "National Green Factory" and "Green Demonstration Factory" in the ready-mixed concrete industry[28]. - The company actively participated in disaster relief efforts and implemented a precise assistance model in Xinjiang, contributing to rural revitalization[21]. - The company has established a comprehensive compliance framework adhering to multiple environmental laws and standards, ensuring sustainable operations[59]. Market Strategy and Future Outlook - The company plans to continue its "Safety Production and Environmental Protection" initiative, focusing on enhancing safety supervision and promoting green development practices[50]. - The company aims to expand its overseas business by leveraging its specialized operational advantages and enhancing compliance governance to mitigate risks from international political and currency fluctuations[52]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[126]. - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development[141]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 52,863[110]. - The largest shareholder, China Construction Xinjiang Group Co., Ltd., holds 31.43% of the shares[111]. - There are no significant changes in shareholding during the reporting period[110]. Compliance and Governance - The company has established a strong production supply capability across 26 provinces in China and several overseas markets, including Malaysia and Indonesia[25]. - The company has implemented various pollution control measures, ensuring all emissions meet regulatory standards[66]. - The company is committed to maintaining transparency in its financial reporting and ensuring accurate disclosures regarding related party transactions[86].