ST海越(600387) - 2016 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2016 was ¥4,202,753,149.16, representing an increase of 86.16% compared to ¥2,257,594,165.89 in the same period last year[19] - The net profit attributable to shareholders of the listed company was a loss of ¥62,529,164.97, a decrease of 252.54% compared to a profit of ¥40,991,278.81 in the same period last year[19] - The basic earnings per share for the first half of 2016 was -¥0.16, a decrease of 245.45% compared to ¥0.11 in the same period last year[20] - The weighted average return on net assets was -5.03%, a decrease of 8.17 percentage points from 3.14% in the same period last year[20] - The company achieved operating revenue of CNY 4.20 billion, a year-on-year increase of 86.16%[32] - The net profit attributable to shareholders of the parent company was CNY -62.53 million, a year-on-year decrease of 252.54%[32] - Operating profit for the current period was a loss of ¥146,416,836.92, compared to a profit of ¥10,973,298.11 in the previous period[94] - Net profit for the current period was a loss of ¥154,543,526.19, down from a profit of ¥6,834,506.13 in the previous period[96] - Comprehensive income totalled a loss of ¥302,440,344.52, compared to a gain of ¥195,905,171.54 in the previous period[96] Cash Flow and Liquidity - The net cash flow from operating activities was ¥273,831,079.91, a significant improvement from a negative cash flow of ¥19,201,187.55 in the same period last year, marking an increase of 1,526.12%[19] - Cash generated from operating activities was ¥5,245,638,457.96, an increase from ¥2,939,012,111.44 in the previous period[101] - Total cash inflow from operating activities amounted to CNY 5,339,554,049.63, while cash outflow was CNY 5,065,722,969.72, resulting in a net increase of CNY 273,831,079.91[102] - Cash inflow from financing activities was CNY 1,249,058,474.55, while cash outflow totaled CNY 1,707,319,353.47, leading to a net cash flow of -CNY 458,260,878.92[103] - The company's cash and cash equivalents decreased from 753,413,371.35 RMB to 409,870,704.42 RMB, a decline of approximately 45.6%[87] - The company reported a total cash balance of ¥409,870,704.42 at the end of the period, down from ¥753,413,371.35 at the beginning, indicating a decrease of approximately 45.6%[179] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,201,317,414.26, down 9.93% from ¥9,105,867,332.46 at the end of the previous year[19] - The net assets attributable to shareholders of the listed company decreased by 15.60% to ¥1,138,731,054.65 from ¥1,349,157,037.95 at the end of the previous year[19] - Total current assets decreased from 1,898,268,663.58 RMB to 1,382,237,085.01 RMB, a reduction of about 27.2%[87] - Total liabilities decreased from CNY 7,317,759,399.16 to CNY 6,715,649,825.47, a reduction of about 8.2%[88] - Owner's equity decreased from CNY 1,788,107,933.30 to CNY 1,485,667,588.79, a drop of approximately 17.0%[89] - The total amount of other receivables is CNY 6,291,858.04, with a bad debt provision of CNY 2,697,133.28, representing 42.87% of the total[191] Revenue Sources - Revenue from finished oil sales increased by 56.54% to ¥2,037,105,847.63, driven by a significant rise in imported finished oil sales[43] - Revenue from propylene sales surged by 165.54% to ¥1,150,283,887.94, attributed to increased production output from the subsidiary[44] - The company reported a total revenue from sales of goods and services of CNY 2,448,791,983.13, an increase from CNY 1,647,682,245.79 in the previous period[104] Research and Development - The company’s R&D expenditure increased by 1,427.53% to CNY 85.29 million, reflecting a significant increase in R&D projects from 12 to 33[36] Shareholder Information - The largest shareholder, Haikou Haiyue Economic Development Co., Ltd., holds 86,127,638 shares, accounting for 22.31% of total shares[76] - The second largest shareholder, Zhejiang Provincial Economic Cooperation Group Co., Ltd., holds 15,932,286 shares, representing 4.13% of total shares[76] Corporate Governance and Compliance - The company has ensured compliance with corporate governance standards as per the requirements of the China Securities Regulatory Commission[70] - The company has not reported any significant changes in accounting policies or estimates during the reporting period[71] - The company has not disclosed any significant litigation or arbitration matters during the reporting period[58] Investments and Financial Assets - The company reported a total investment of CNY 3,376,607.97 in financial assets, with a total reportable profit of CNY 138,171.19 and a loss in owner’s equity of CNY 62,263,012.52 during the reporting period[52] - The company holds a 0.38% stake in Zhejiang Zhuji Rural Commercial Bank with an initial investment of CNY 1,885,000, maintaining the same holding percentage at the end of the period, with a reportable profit of CNY 270,000[51] - The company has a 1.88% stake in Beixin Source, with an initial investment of CNY 2,763,434.97, and the end-of-period book value is CNY 108,918,819.65, resulting in a reportable profit of CNY 138,171.19[52] Inventory and Receivables - The total inventory decreased significantly from CNY 214,992,029.10 to CNY 42,307,177.22, a reduction of approximately 80.4%[91] - The total amount of inventory at the beginning of the period was CNY 739,978,592.46, indicating a decrease in value[200] - The company has a total of ¥318,722,118.43 in bank deposits, which decreased significantly from ¥681,733,027.59, indicating a reduction of approximately 53.2%[179] Guarantees and Commitments - The company provided a total of RMB 281,560.12 thousand in guarantees to subsidiaries during the reporting period[67] - The total guarantee amount, including guarantees to subsidiaries, reached RMB 263,698.64 thousand, which accounts for 177.50% of the company's net assets[67] Miscellaneous - The company has not engaged in entrusted financial management or derivative investments during the reporting period[53] - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[56] - The company has not experienced any overdue guarantees during the reporting period[67]