LFD(SH:600149)2015-08-19 16:00Financial Performance - The company's operating revenue for the first half of 2015 was ¥1,383,146.67, a decrease of 92.97% compared to ¥19,667,217.59 in the same period last year[16]. - The net profit attributable to shareholders was a loss of ¥4,440,272.05, compared to a profit of ¥978,170.00 in the previous year, representing a decline of 553.94%[16]. - The net cash flow from operating activities was -¥5,362,662.02, worsening from -¥1,294,111.12 in the previous year[16]. - The basic earnings per share for the first half of 2015 was -¥0.012, a decrease of 500.00% from ¥0.003 in the same period last year[17]. - The weighted average return on net assets was -1.64%, a decrease of 2.01 percentage points from 0.37% in the previous year[17]. - The rental business generated revenue of ¥516,480.00, a decrease of 69.91% compared to the previous year[24]. - The company reported a significant increase in management expenses, totaling CNY 6,516,947.50, compared to CNY 6,139,877.91 in the previous year[65]. - The company experienced a fair value loss of CNY -204,203.09, contrasting with a gain of CNY 3,635.00 in the same period last year[65]. - The total comprehensive income for the period decreased by CNY 4,440,272.05, reflecting a decline in profitability[80]. - The company reported a decrease in undistributed profits by CNY 4,561,318.84 during the current period[80]. Assets and Liabilities - The company's total assets decreased by 1.22% to ¥297,903,823.69 from ¥301,577,766.52 at the end of the previous year[16]. - The company's current assets totaled CNY 145,139,798.26, down from CNY 146,326,275.31, indicating a decrease of about 0.8%[58]. - Non-current assets were reported at CNY 152,764,025.43, a decrease from CNY 155,251,491.21, representing a decline of approximately 1.6%[59]. - The total liabilities stood at CNY 28,692,310.96, slightly up from CNY 27,804,934.95, marking an increase of about 3.2%[60]. - The equity attributable to shareholders of the parent company was CNY 268,391,671.44, down from CNY 272,831,943.49, reflecting a decrease of approximately 1.6%[60]. - Cash and cash equivalents decreased to CNY 39,599,847.48 from CNY 46,900,365.92, a decline of about 15.4%[58]. - The accounts receivable amounted to CNY 11,455,771.56, slightly down from CNY 11,982,924.89, indicating a decrease of approximately 4.4%[58]. - The total current liabilities increased to CNY 28,692,310.96 from CNY 27,804,934.95, reflecting an increase of about 3.2%[60]. Shareholder Information - The company has a total of 47,004 shareholders as of the end of the reporting period[47]. - The largest shareholder, Langfang City Land Development Investment Holding Co., Ltd., holds 50,050,000 shares, accounting for 13.17% of the total shares[49]. - The second largest shareholder, China Foreign Economic and Trade Trust Co., Ltd., increased its holdings by 4,892,052 shares to a total of 6,492,354 shares, representing 1.71%[50]. Management and Governance - The board of directors has elected new leadership, with Shao Weijun as Chairman and Han Yongqiang as Vice Chairman[54]. - The company has appointed new management, including a new general manager and deputy general manager, following the resignation of key executives[57]. Legal and Compliance - There are ongoing litigation cases involving the company, with a claim amounting to ¥4,286.76 related to a contract dispute with Beijing Jiaxuan Real Estate Development Co., Ltd.[37]. - The company has initiated legal proceedings against Hainan Zhongyi International Economic and Technical Cooperation Co., Ltd. regarding asset commitments[42]. - The company has not disclosed any significant changes in its financial condition or major events that could impact its operations[34]. Investment Activities - The company reported non-operating income of ¥1,467,820.36 during the reporting period[19]. - The total initial investment in securities amounted to ¥3,529,684.90, with a year-end book value of ¥3,116,890.00, resulting in a report period profit of ¥120,116.04[28]. - The company holds a total of 24,000 shares of Neusoft Corporation (stock code: 600718) with a book value of ¥521,520.00, representing 16.73% of the total securities investment[28]. - The investment in Tianjin Tasly Pharmaceutical Co., Ltd. (stock code: 600535) has increased in value to ¥796,160.00, reflecting a profit of ¥57,880.89 during the reporting period[28]. Accounting Policies and Practices - The company has not reported any major changes in accounting policies or estimates[45]. - The company’s financial statements are prepared based on the assumption of going concern, indicating no significant issues affecting its ability to continue operations for at least 12 months[97]. - The company adheres to the accounting standards for enterprises, ensuring that its financial statements accurately reflect its financial position and operating results[98]. - The company’s primary accounting currency is RMB[100]. - The company has not made any changes to its important accounting policies or estimates during the reporting period[192]. Cash Flow and Financing - The net cash flow from financing activities was 1,100,000.00 RMB, with no cash inflow recorded in the previous year[73]. - The total cash and cash equivalents at the end of the period were 39,599,847.48 RMB, compared to 31,679,288.05 RMB at the end of the previous year[73]. - The company experienced a net decrease in cash and cash equivalents of 7,300,518.44 RMB, compared to a decrease of 31,697,304.32 RMB in the same period last year[73]. Employee Benefits and Compensation - Short-term employee compensation is recognized as a liability and included in the current period's profit or loss or related asset costs[172]. - The company recognizes employee benefits as liabilities during the accounting period when services are provided, based on the defined contribution plan[173]. - For defined benefit plans, the company estimates obligations using actuarial assumptions and recognizes any deficit or surplus as net liabilities or net assets[174].