法尔胜(000890) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was ¥194,838,652.90, a decrease of 16.83% compared to ¥234,278,444.58 in the same period last year[10]. - The net loss attributable to shareholders was ¥24,172,456.29, representing a 124.89% increase in losses compared to ¥10,748,358.32 in the previous year[10]. - Basic and diluted earnings per share were both -¥0.06, a 100% decrease compared to -¥0.03 in the same period last year[10]. - The weighted average return on equity was -131.47%, a decline of 79.44% from -52.03% in the previous year[10]. - The company reported a total revenue of 194.84 million yuan, a year-on-year decrease of 16.83%[14]. - The company reported a net profit for the first half of 2024 of CNY -28,303,327.96, compared to CNY -22,817,754.71 in the first half of 2023, indicating a worsening of 24.5%[99]. - The total profit for the first half of 2024 was CNY -27,167,855.86, compared to CNY -42,656,436.74 in the first half of 2023, showing an improvement of 36.2%[98]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥696,511.20, down 97.67% from ¥29,852,647.30 in the same period last year[10]. - The company’s cash and cash equivalents decreased by 10.07 million yuan, a decline of 252.19% compared to the previous year[17]. - Total cash and cash equivalents at the end of the first half of 2024 were 8,302,562.34 yuan, down from 47,790,373.12 yuan at the end of the first half of 2023, indicating a decline of 82.6%[104]. - The company reported a cash inflow of 521,841,773.05 yuan from financing activities in the first half of 2024, down 47.5% from 995,484,124.10 yuan in the same period of 2023[104]. - The company paid 8,034,655.22 yuan in taxes during the first half of 2024, a decrease of 45.9% compared to 14,827,853.26 yuan in the same period of 2023[103]. Assets and Liabilities - Total assets decreased by 22.86% to ¥1,191,910,160.68 from ¥1,545,068,555.38 at the end of the previous year[10]. - The company’s total current assets decreased from 854,349,444.61 CNY at the beginning of the period to 533,160,436.38 CNY at the end of the period, a decline of approximately 37.5%[92]. - Short-term borrowings rose to ¥723,805,377.84, accounting for 60.73% of total liabilities, an increase of 14.82% compared to the previous period[22]. - Total liabilities decreased from CNY 1,401,996,950.52 to CNY 1,077,141,883.78, a reduction of approximately 23.1%[94]. - The total amount of commercial acceptance bills was ¥68,000,000.00, representing 74.78% of the total accounts receivable[192]. Operational Performance - The metal products business generated revenue of 122.44 million yuan, down 25.16% year-on-year, accounting for 62.84% of total revenue[18]. - The environmental business achieved revenue of 72.40 million yuan, an increase of 2.43% year-on-year, representing 37.16% of total revenue[18]. - Operating costs decreased by 18.47% to 179.39 million yuan, reflecting cost control measures[17]. - The company’s financial expenses decreased by 42.49% to 19.14 million yuan, attributed to reduced financing scale and interest waivers[17]. Risk Management - The company has outlined potential risks and corresponding countermeasures in the report[1]. - The company faces significant market competition risks in the metal products industry, impacting pricing and profit margins[30]. - Environmental risks are present due to waste disposal processes, with measures in place to mitigate these risks[31]. Governance and Compliance - The company has committed to transparent and timely information disclosure in accordance with relevant laws and regulations[44]. - The company has established a governance structure to provide institutional support for its development[46]. - The company has committed to ensuring the fairness of related party transactions, promising not to seek preferential rights over third parties in business cooperation[45]. Environmental Performance - The company has achieved rainwater and wastewater separation, with a 160m³ emergency pool and a 450m³ initial rainwater collection pool in place to manage accidental wastewater[40]. - The company has implemented measures to ensure that wastewater does not enter the external environment during accidents[40]. - The company has achieved compliance with air pollutant discharge standards, with specific emissions recorded for particulate matter, sulfur dioxide, and nitrogen oxides[37]. Related Party Transactions - The company engaged in related party transactions, purchasing raw materials worth 117.94 million CNY from Jiangsu Farsen Precision Technology Co., accounting for 13.68% of similar transactions[58]. - The company also purchased semi-finished products worth 534.66 million CNY from Jiangyin Farsen Metal Products Co., representing 62.02% of similar transactions[58]. - The company has a related party transaction for purchasing steam fees worth 68.74 million CNY, which is 100% of the approved amount[59]. Legal Matters - The company reported a litigation amount of 23,104,061.06 yuan related to a lawsuit filed by the Tongzhou District Urban Management Committee against Dalian Guantaiyuan Environmental Technology Co., Ltd. for the return of leachate treatment fees[53]. - The company is involved in ongoing litigation regarding a rental contract dispute, with the first-instance judgment requiring the return of rental fees amounting to 864,300 yuan[53]. - The company is involved in a lawsuit regarding a loan of 150 million CNY, with the court yet to hold a hearing[55].