*ST园城(600766) - 2017 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 5,330,107.83, a decrease of 4.01% compared to CNY 5,552,953.92 in the same period last year[14]. - The net profit attributable to shareholders for the first half of 2017 was CNY 2,132,298.88, down 17.93% from CNY 2,598,121.67 in the previous year[14]. - The weighted average return on net assets decreased by 1.35 percentage points to 3.99% compared to 5.34% in the same period last year[15]. - The company reported a comprehensive income total of CNY 3,412,094.05, down 15.3% from CNY 4,026,902.36 in the previous year[64]. - The basic and diluted earnings per share remained at CNY 0.01 for both periods[64]. - The total comprehensive income for the current period is RMB 2,310,907.82, reflecting a significant increase compared to the previous period[81]. Cash Flow and Assets - The net cash flow from operating activities increased to CNY 2,005,957.04, compared to a negative cash flow of CNY -660,225.88 in the same period last year, representing a significant improvement[14]. - Total current assets as of June 30, 2017, amount to 107,219,520.33 RMB, slightly up from 106,516,387.44 RMB at the beginning of the period[56]. - The total assets at the end of the reporting period were CNY 166,173,934.01, a slight increase of 1.00% from CNY 164,524,809.06 at the end of the previous year[14]. - The total liabilities amount to 110,322,226.63 RMB, down from 112,085,195.73 RMB at the beginning of the period[57]. - Cash and cash equivalents at the end of the period amount to 1,709,851.97, an increase from 1,463,784.18 in the previous period[70]. Investments and Acquisitions - The company is actively pursuing mergers and acquisitions to expand its mineral resource reserves during the industry downturn[18]. - The company has completed the geological data submission for the Benxi Xiaotaoyu mining area and received the resource reserve certificate[20]. - The management contract for Lushun Jinhai Mining was extended for five years, with an annual management fee of RMB 8,000,000, ensuring a profit target of RMB 30,000,000 per year[36]. - The company has a custodial agreement involving 3 million yuan with Benxi Manchu Autonomous County Xiaotaoyu Mining Co., Ltd., which is set to end in April 2019[34]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 16,627[44]. - The largest shareholder, Xu Chengdong, holds 64,640,000 shares, representing 28.83% of the total shares, with 5,500,000 shares frozen[46]. - Xu Chengdong is the only major shareholder without any known associated relationships with other shareholders[47]. Liabilities and Provisions - Tax payable decreased by 41.00% from the previous period, now at -535,678.57 yuan, which is -0.32% of total assets[25]. - The company has a total guarantee amount of RMB 2,040,000, which accounts for 36.53% of the company's net assets[40]. - The company has not provided any guarantees to subsidiaries during the reporting period, with a total guarantee balance of RMB 0.00[40]. Risk and Compliance - The company does not anticipate significant changes in cumulative net profit compared to the previous year[27]. - There are no major litigation or arbitration matters reported during the reporting period[30]. - The company has not faced any significant risks during the reporting period[27]. - The company has not reported any major environmental protection issues or changes in its status as a key pollutant discharge unit[41]. Accounting and Reporting - The company has not experienced any changes in accounting policies or estimates compared to the previous accounting period[41]. - The company has not reported any significant accounting errors requiring retrospective restatement during the reporting period[41]. - The financial statements are prepared based on the going concern assumption, reflecting the company's financial position, operating results, changes in shareholders' equity, and cash flows accurately[99]. - The company ensures that the financial statements comply with the requirements of the accounting standards, reflecting a true and complete picture of its financial status[99]. Employee Benefits - The company has not yet implemented a defined benefit plan for post-employment benefits, focusing instead on defined contribution plans[198]. - The company recognizes termination benefits as liabilities when the obligation to pay arises, either upon commitment to a plan or recognition of related restructuring costs[199].