ST富润(600070) - 2015 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2015 was approximately ¥395.38 million, a decrease of 20.43% compared to ¥496.88 million in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2015 was ¥246,927.06, down 96.99% from ¥8.20 million in the previous year[18]. - The basic earnings per share for the first half of 2015 was ¥0.0007, a decline of 96.96% compared to ¥0.023 in the same period last year[17]. - The weighted average return on net assets decreased to 0.02% from 0.95% in the previous year, a reduction of 0.93 percentage points[17]. - The net cash flow from operating activities for the first half of 2015 was negative at approximately -¥50.97 million, compared to -¥47.45 million in the same period last year[18]. - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, which was ¥53,599.30, down 99.39% from ¥8.80 million in the previous year[18]. - The company achieved operating revenue of CNY 395.38 million, a year-on-year decrease of 20.43%[21]. - Net profit attributable to the parent company was CNY 246,900, a significant decline of 96.99% compared to the previous year[21]. - Basic earnings per share were CNY 0.0007, reflecting the overall decline in profitability due to reduced orders and business income[21]. - Operating cash flow net amount was CNY -50.97 million, indicating a decrease in cash received from sales and an increase in cash paid to employees[27]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥2.28 billion, an increase of 11.32% from ¥2.05 billion at the end of the previous year[18]. - The total current assets decreased from 632,798,868.69 RMB to 627,844,166.69 RMB, a decline of approximately 0.76%[70]. - Cash and cash equivalents decreased from 215,583,055.70 RMB to 117,830,952.14 RMB, a reduction of about 45.49%[70]. - Total liabilities rose to CNY 915,285,920.99, compared to CNY 801,913,452.39, indicating an increase of about 14.1%[72]. - Current liabilities totaled CNY 612,789,036.85, an increase from CNY 551,472,174.93, marking a rise of about 11.1%[71]. - Non-current liabilities increased to CNY 302,496,884.14 from CNY 250,441,277.46, showing a growth of approximately 20.8%[71]. Investments - The company invested CNY 100 million to establish an "Internet Industry Investment Company" in Hangzhou, aiming to explore new profit growth points[21]. - The company made a total equity investment of 41 million yuan during the reporting period, representing a 100% increase compared to the same period last year[33]. - The total initial investment in securities amounted to approximately 44.86 million yuan, with a year-end book value of 35.63 million yuan, resulting in a loss of about 2.48 million yuan during the reporting period[34]. - The company holds 8.82% equity in Shangfeng Cement, with a book value of approximately 864.72 million yuan[36]. - The company has invested 65.7 million yuan in Shaoxing Bank, maintaining a 3.10% equity stake[37]. - The company reported a profit of 4 million yuan from its investment in Zhuji Hongrun Microfinance Co., Ltd.[37]. Shareholder Information - The company distributed a cash dividend of 0.5 RMB per 10 shares and issued 2 bonus shares for every 10 shares held[44]. - The total number of shareholders reached 24,865 by the end of the reporting period[59]. - The largest shareholder, Furen Holdings Group Co., Ltd., holds 98,414,814 shares, representing 27.60% of the total shares[61]. - The company distributed a total of 54,863,547 shares as a bonus and increased capital by 27,431,773 shares, based on a total share capital of 274,317,732 shares as of the end of 2014[58]. Cash Flow - The net cash flow from operating activities was -50,966,807.88 RMB, compared to -47,446,185.02 RMB in the previous period, indicating a decline in operational cash flow[85]. - Total cash inflow from investment activities was 11,085,522.99 RMB, down from 23,911,419.78 RMB in the previous period, reflecting a significant decrease in investment returns[86]. - The net cash flow from financing activities was 28,081,419.24 RMB, a recovery from -37,453,761.52 RMB in the previous period, showing improved financing conditions[86]. - The total cash and cash equivalents at the end of the period were 96,250,952.14 RMB, down from 195,156,312.95 RMB, indicating a reduction in liquidity[86]. Accounting Policies - The company has not made any significant changes to its accounting policies during the reporting period[153]. - The company follows specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition, ensuring compliance with accounting standards[101]. - The company’s accounting period runs from January 1 to December 31 each year, aligning with standard fiscal reporting practices[103]. Inventory and Receivables - The total inventory at the end of the period was CNY 73,635,599.53, with a decline provision of CNY 5,876,245.04, leading to a net value of CNY 67,759,354.49[179]. - The total accounts receivable at the end of the period is 64,978,839.74 RMB, with a bad debt provision of 3,301,665.33 RMB, representing 5.08% of the total[162]. - The aging analysis shows that 1-year and below accounts receivable total 64,758,736.98 RMB, with a bad debt provision of 3,237,936.85 RMB, representing 5.00%[164]. Other Financial Information - The company has not reported any significant changes in its fundraising projects or commitments[42]. - The company has not indicated any major litigation or arbitration matters during the reporting period[48]. - The company has not reported any impairment provisions for intangible assets during the current period[200].