XLDY(SH:600769)2024-08-21 08:19Financial Performance - The company's operating revenue for the first half of 2024 reached ¥39,779,916.19, representing a 27.59% increase compared to ¥31,176,776.12 in the same period last year[12]. - Net profit attributable to shareholders was ¥7,807,997.60, up 17.11% from ¥6,667,370.99 in the previous year[12]. - The net cash flow from operating activities increased by 51.14%, totaling ¥33,848,369.34 compared to ¥22,394,858.57 in the prior year[12]. - Basic earnings per share for the first half of 2024 were ¥0.0208, a 16.85% increase from ¥0.0178 in the same period last year[13]. - The company reported a net profit after deducting non-recurring gains and losses of ¥7,434,314.38, which is a 20.34% increase from ¥6,177,812.35 in the same period last year[12]. - The total comprehensive income attributable to the parent company's owners for the first half of 2024 was ¥7,807,997.60, compared to ¥6,667,370.99 in the same period of 2023, reflecting a year-over-year increase of approximately 17.0%[47]. - The total comprehensive income for the first half of 2024 is RMB 8,472,292.69, compared to RMB 7,122,385.70 in the same period of 2023, representing an increase of approximately 19.0%[50]. Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥312,567,501.83, reflecting a 9.11% increase from ¥286,473,231.02 at the end of the previous year[12]. - The total liabilities of the company reached CNY 208,340,251.94, up from CNY 190,053,978.73, representing an increase of approximately 9.4%[41]. - The company's current assets totaled CNY 216,138,330.59, compared to CNY 187,454,905.75 at the end of December 2023, reflecting a growth of approximately 15.3%[40]. - The company's cash and cash equivalents at the end of the period were ¥116,672,550.06, representing 37.33% of total assets, up 37.72% from ¥84,717,045.98 last year[24]. - The total liabilities increased to ¥197,920,052.27 in the first half of 2024, compared to ¥172,193,350.90 at the end of 2023, marking a rise of 15.0%[44]. - The total equity attributable to the parent company at the end of the first half of 2024 is RMB 374,977,200, showing an increase from RMB 367,100,134 at the end of the previous year, representing a growth of approximately 2.4%[54]. Operational Highlights - The company is currently advancing the third phase of its water plant expansion, which will significantly increase daily water supply capacity[21]. - The company’s water supply business is strategically focused on the Wuhan New City central area, targeting leading enterprises in the semiconductor industry[17]. - The construction business is primarily engaged in small to medium-sized projects, with a focus on risk management and cash flow[18]. - The company has implemented a safety production emergency plan to ensure uninterrupted water supply during extreme weather conditions[21]. - The company has maintained zero accidents in construction operations during the reporting period, emphasizing safety and risk control[21]. Cost Management - Operating costs rose to ¥27,605,685.53, reflecting a 34.95% increase from ¥20,455,667.11 in the previous year[23]. - The company is actively managing costs through budget management and optimizing operational expenses[22]. - The company has implemented a performance management system to align work direction and progress with business goals[22]. Customer and Market Risks - The company reported a significant reliance on key customers, with a high revenue concentration that poses risks to its growth due to potential changes in customer operations[29]. - Daily related transactions with affiliates amounted to 8.4228 million yuan, determined based on fair market prices[34]. Shareholder Information - The total number of ordinary shareholders reached 20,519 by the end of the reporting period[37]. - The company has not proposed any profit distribution or capital reserve transfer for the reporting period[30]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern assumption, following the relevant accounting standards[63]. - The company’s financial reporting adheres to the accounting principles established by the Ministry of Finance and the China Securities Regulatory Commission[64]. - The group uses Renminbi as the functional currency for its financial reporting, reflecting the primary economic environment in which it operates[70]. Inventory and Receivables - The company has categorized accounts receivable by aging, with ¥12,212,547.48 classified as within one year, down from ¥18,003,499.74, indicating a decrease of approximately 32.0%[153]. - The provision for bad debts for accounts receivable was ¥29,580,326.56, which is 65.5% of the total accounts receivable[154]. - The total amount of accounts receivable and contract assets combined at the end of the period was CNY 50,754,734.42[158]. Employee Compensation - Total employee compensation payable at the end of the period is ¥712,580.50, down from ¥1,915,474.29 at the beginning, indicating a decrease of approximately 62.9%[199]. - Short-term salary payable decreased from ¥1,584,342.82 to ¥335,829.87, a decline of about 78.8%[200].