宜宾纸业(600793) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was RMB 737.04 million, a decrease of 13.79% compared to the same period last year[27]. - The net profit attributable to shareholders of the listed company was a loss of RMB 78.86 million, compared to a loss of RMB 32.57 million in the same period last year[27]. - The basic earnings per share for the first half of 2024 was -0.4458 yuan, compared to -0.1841 yuan in the same period last year[24]. - The weighted average return on net assets was -14.59%, down from -5.08% in the previous year[24]. - The net cash flow from operating activities was RMB 102.23 million, a decrease of 26.68% compared to RMB 74.95 million in the same period last year[27]. - The total operating revenue for the first half of 2024 was CNY 737,042,631.90, a decrease of 13.8% compared to CNY 854,970,421.71 in the first half of 2023[113]. - Total operating costs for the first half of 2024 were CNY 889,497,629.42, an increase of 9.4% from CNY 812,712,161.20 in the same period last year[113]. - Net profit for the first half of 2024 was a loss of CNY 78,857,383.91, compared to a loss of CNY 32,571,433.91 in the first half of 2023, representing a significant increase in losses[115]. - The total comprehensive income for the first half of 2024 was -75,635,078.86 RMB, compared to -16,528,644.84 RMB in the same period of 2023, indicating a significant decline[123]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 2.47 billion, a decrease of 4.33% from RMB 2.58 billion at the end of the previous year[27]. - The net assets attributable to shareholders of the listed company were RMB 501.04 million, down 13.60% from RMB 579.90 million at the end of the previous year[27]. - The company's total liabilities amounted to CNY 2,038,068,331.04, slightly down from CNY 2,081,843,992.03 in the previous period[111]. - The total equity of the company decreased to CNY 462,243,267.76 from CNY 537,878,346.62, indicating a decline in shareholder equity[111]. - The total fixed assets decreased to ¥1,773,568,962.80 from ¥1,846,809,984.90, suggesting a decline in long-term asset value[97]. - Long-term borrowings increased significantly to ¥1,472,990,000.00 (59.73%) from ¥13,500,000.00 (0.52%), a change of 10,811.04% due to reclassification of non-current liabilities[56]. - The total owner's equity at the end of the previous period was 657,917,746.83, showing a decline in overall equity[140]. Cash Flow - Cash inflow from operating activities for the first half of 2024 was 853,888,253.08 RMB, down 31.7% from 1,251,089,599.05 RMB in the same period of 2023[125]. - Cash outflow from operating activities totaled 778,938,549.69 RMB, a decrease of 32.3% compared to 1,148,861,958.84 RMB in the first half of 2023[125]. - Cash inflow from financing activities increased significantly to 1,515,000,000.00 RMB in the first half of 2024, compared to 385,000,000.00 RMB in the same period of 2023, marking a growth of 293.5%[128]. - The ending balance of cash and cash equivalents as of June 30, 2024, was 119,443,522.14 RMB, up 97.8% from 60,351,485.49 RMB at the end of June 2023[128]. Production and Sales - In the first half of 2024, the company produced 130,400 tons of mechanical paper and sold 143,400 tons, representing year-on-year declines of 16.62% and 4.40% respectively[32]. - The company achieved a profit total of 227.9 billion CNY in the paper and paper products industry, with a year-on-year growth of 104.9%[31]. Research and Development - The company has seen a 239.58% increase in R&D expenses, amounting to 13,049,792.56 CNY, due to increased investment in bamboo fiber high-value utilization projects[51]. - Research and development expenses for the first half of 2024 were CNY 39,743,481.85, down from CNY 43,300,599.82 in the same period last year[113]. - The company plans to enhance its research and development efforts and optimize its product structure to mitigate market competition risks[60]. Environmental and Social Responsibility - The company has been recognized as a national-level green factory, reflecting its commitment to sustainable practices[40]. - The average concentration of COD in wastewater discharge was 58.62 mg/L, significantly below the national standard of 90 mg/L[68]. - The company achieved an average SO2 emission concentration of 2.9 mg/Nm³, well under the national limit of 200 mg/Nm³[70]. - Total investment in poverty alleviation and rural revitalization projects amounted to CNY 252 million, benefiting approximately 35,000 people[78]. Corporate Governance - The company did not have any plans for profit distribution or capital reserve transfer to increase share capital during this reporting period[6]. - The board of directors saw changes with the resignation of three non-independent directors and the election of two new directors[66]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[76]. Shareholder Information - As of June 30, 2024, the total number of ordinary shareholders is 12,674[89]. - The largest shareholder, Sichuan Yibin Wuliangye Group Co., Ltd., holds 79,368,520 shares, accounting for 44.87% of total shares[90]. - The second largest shareholder, Sichuan Railway Industry Investment Group Co., Ltd., holds 29,484,000 shares, representing 16.67% of total shares[90].