SHTD(SH:600647)2018-08-24 16:00Financial Performance - The company's operating revenue for the first half of 2018 was ¥16,221,165.02, a decrease of 5.83% compared to ¥17,225,911.59 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -¥18,218,899.54, representing a decline of 234.78% from ¥13,517,851.93 in the previous year[20]. - The basic earnings per share for the first half of 2018 was -¥0.1309, a decrease of 234.67% compared to ¥0.0972 in the same period last year[21]. - The total profit for the period was -20.06 million yuan, with a net profit of -15.89 million yuan, and a net profit attributable to the parent company of -18.22 million yuan, resulting in an earnings per share of -0.13 yuan[31]. - The company reported a net loss of CNY 20,055,937.84 for the first half of 2018, compared to a profit of CNY 19,029,721.51 in the previous year[72]. - The company reported a comprehensive loss of -18,218,899.54 RMB during the period, reflecting ongoing challenges in profitability[86]. - The total comprehensive income for the period is CNY -17,289,887.92, reflecting a decrease in overall profitability[89]. Assets and Liabilities - The total assets at the end of the reporting period were ¥523,115,750.60, down 5.06% from ¥550,978,717.62 at the end of the previous year[20]. - The total current assets as of June 30, 2018, amounted to 456,896,943.54 RMB, compared to 488,869,347.52 RMB at the beginning of the period[64]. - The total non-current assets at the end of the reporting period were 35,860,401.88 RMB[64]. - The total liabilities decreased to CNY 182,729,215.41 from CNY 187,743,243.90, a reduction of 2.2%[67]. - Owner's equity decreased to CNY 340,386,535.19 from CNY 363,235,473.72, a decline of 6.3%[67]. - The total equity attributable to the parent company was 363,235,473.72 RMB, showing a decrease due to the comprehensive loss incurred[86]. Cash Flow - The cash flow from operating activities was -¥2,264,250.84, compared to -¥16,321,952.67 in the same period last year[20]. - The net cash flow from operating activities was -2,356,840.55 RMB, an improvement from -13,037,507.02 RMB in the previous period, indicating a reduction in cash outflow[81]. - The company’s cash flow management strategies appear to be improving, as evidenced by the reduced net cash outflow from operating activities compared to the previous period[81]. Investments and Subsidiaries - The company reported significant losses from its subsidiaries, with Shanghai Xinya Fast Food Co., Ltd. showing a net loss of CNY 8.71 million and Shanghai Tongda Trading Co., Ltd. reporting a net loss of CNY 315.26 million[38]. - Guangzhou Deyu Development Co., Ltd. generated a net profit of CNY 456.30 million, contributing positively to the overall performance[38]. - The company recognized a fair value loss of 24.58 million yuan on its financial assets during the reporting period[37]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 11,830[54]. - The largest shareholder, Xinda Investment Co., Ltd., held 56,606,455 shares, accounting for 40.68% of total shares[57]. - The second-largest shareholder, Guohua Life Insurance Co., Ltd., held 5,348,153 shares, representing 3.84%[57]. Risk Factors - The company has described potential risks in the report, advising investors to be cautious[6]. - Market risks are highlighted, with a slowdown in China's economic growth and uncertain global economic conditions potentially leading to decreased market demand[40]. - Financial risks are acknowledged, with an increased funding requirement for new business expansions, prompting the company to enhance its financial management and reduce costs[40]. Accounting Policies - The company has implemented revised financial instrument standards and revenue recognition standards starting from January 1, 2018, with no impact on prior period data[22]. - The company is implementing new accounting standards effective from January 1, 2018, which may impact its financial reporting[50]. - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position and operating results[100]. Inventory and Receivables - The company reported a significant decrease in accounts receivable by 45.12% to 1.42 million yuan, attributed to the collection of sales payments[36]. - The total accounts receivable at the end of the period was ¥2,068,173.12, with a bad debt provision of ¥643,648.85, resulting in a provision ratio of approximately 31.1%[185]. - The provision for bad debts at the end of the period amounts to CNY 18,808,953.48, with a provision ratio of 89.67%[193]. Changes in Management - The company experienced a change in its board of directors, with several members resigning and new members elected[60]. - The company did not report any changes in the controlling shareholder or actual controller during the period[58].