SMEG(SH:900922)2024-08-30 07:51Financial Performance - The company's operating revenue for the first half of 2024 was ¥461,106,853.16, a decrease of 10.75% compared to ¥516,666,610.16 in the same period last year[12]. - The net profit attributable to shareholders of the listed company was ¥10,892,506.04, down 28.43% from ¥15,218,425.15 in the previous year[12]. - The net cash flow from operating activities was negative at ¥1,218,331.23, a decline of 105.43% compared to ¥22,420,726.04 in the same period last year[12]. - Basic earnings per share for the first half of 2024 were ¥0.054, a decrease of 28.95% from ¥0.076 in the same period last year[13]. - The weighted average return on net assets was 2.43%, down by 1.08 percentage points from 3.51% in the previous year[13]. - The company reported a total of ¥2,593,080.93 in non-recurring gains and losses for the reporting period[14]. - The net profit after deducting non-recurring gains and losses was ¥8,299,425.11, an increase of 7.52% compared to ¥7,718,815.02 in the same period last year[12]. - For the first half of 2024, the company reported total operating revenue of 461 million yuan, a decrease of approximately 10.75% year-on-year, and a net profit attributable to shareholders of 108.93 million yuan, down about 28.43%[21]. - The net profit excluding non-recurring gains and losses was 82.99 million yuan, showing a year-on-year increase of approximately 7.52%[21]. - The company’s total profit for the first half of 2024 was RMB 12,526,522.58, down from RMB 16,991,633.02 in the first half of 2023, reflecting a decrease of 26.0%[61]. Assets and Liabilities - The total assets at the end of the reporting period were ¥852,273,766.09, an increase of 6.57% from ¥799,728,638.42 at the end of the previous year[12]. - The total liabilities increased to ¥398,461,470.67 from ¥356,809,821.32, representing a rise of about 11.7%[58]. - The total equity attributable to shareholders increased to ¥454,076,085.62 from ¥443,183,579.58, showing a growth of around 2.0%[58]. - The company's cash and cash equivalents decreased by 57.14% to ¥100,171,262.45 from ¥233,733,861.64 year-on-year[27]. - The total amount of contract liabilities increased by 134.02% to ¥199,163,381.53 from ¥85,105,994.51 year-on-year[27]. - The total current assets amounted to ¥603,832,525.37, an increase from ¥526,562,639.35 as of December 31, 2023, reflecting a growth of approximately 14.5%[57]. - The total non-current assets decreased to ¥248,441,240.72 from ¥273,165,999.07, reflecting a decline of about 9.1%[57]. - The total balance of forward foreign exchange contracts margin increased to ¥1,182,547.14 from ¥1,090,743.11, marking an increase of approximately 8.4%[162]. Revenue Segments - The security services segment generated revenue of 156.36 million yuan, an increase of approximately 8.45% compared to the same period last year[17]. - The property leasing segment achieved revenue of approximately 15.80 million yuan, a slight increase of about 2.44% year-on-year[18]. - In the first half of 2024, the company's total import and export volume reached $77.07 million, with exports of $71.95 million and imports of $5.12 million, reflecting a year-on-year change of 1.56%, 6.57%, and -38.86% respectively[16]. - The company’s export business remains stable, with traditional clothing and textile products maintaining a solid customer base, while import business has declined[22]. Cash Flow and Investments - The net cash flow from operating activities for the first half of 2024 was -1,218,331.23 RMB, a significant decrease compared to 22,420,726.04 RMB in the same period of 2023[66]. - Total cash inflow from operating activities reached 854,026,666.59 RMB, while cash outflow was 855,244,997.82 RMB, resulting in a net cash flow deficit[66]. - Cash inflow from investment activities was 98,161,272.92 RMB, a decrease from 281,489,949.29 RMB in the previous year[68]. - The net cash flow from investment activities was -133,550,817.13 RMB, slightly improved from -137,059,711.27 RMB in the same period last year[68]. - The company has invested in 7 associated enterprises, including Shanghai Bohua Gene Chip Technology Co., Ltd. and Guangdong Jingshan Industrial Co., Ltd.[29]. Risk Management - The company faces macroeconomic risks due to weak global economic growth and geopolitical tensions, which may impact its operations[35]. - Currency fluctuation risks are present as the company primarily conducts import and export transactions in foreign currencies, particularly USD[36]. - The company plans to enhance its risk management capabilities to address operational risks and improve profitability through structural integration[36]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 27,383, including 20,620 A-share and 6,763 B-share holders[49]. - The top ten shareholders hold a total of 52,158,943 shares, representing 25.95% of the total shares[49]. - BNP PARIBAS holds 5,073,100 shares, accounting for 2.52% of the total shares[49]. - The actual controller of the company plans to transfer 80% of the shares of the controlling shareholder, Chongqing Light Textile Group, to Chongqing Yufu Holding Group without compensation[47]. Environmental and Social Responsibility - The company actively promotes waste classification initiatives in its parks, aligning with local government policies[41]. - The company has integrated energy-saving and emission reduction measures into daily operations, promoting green office practices and encouraging employees to adopt environmentally friendly behaviors[42]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[40]. Accounting Policies - The financial statements comply with the enterprise accounting standards, reflecting the company's financial position and operating results accurately[81]. - The company recognizes revenue when control of goods is transferred to customers, with specific conditions for both domestic and international sales[143]. - The company applies the equity method for investments in joint ventures, recognizing its share of assets and liabilities[92]. - The company recognizes deferred tax assets and liabilities based on the difference between the book value of assets and liabilities and their tax bases, with a focus on the likelihood of recovering these assets[150].