*ST园城(600766) - 2018 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 5,599,756, an increase of 5.06% compared to CNY 5,330,107.83 in the same period last year[16]. - Net profit attributable to shareholders decreased by 59.91% to CNY 854,859.29 from CNY 2,132,298.88 in the previous year[16]. - The total comprehensive income for the period was CNY -657,565.98, compared to CNY 3,412,094.05 in the same period last year, indicating a significant decline[72]. - Basic earnings per share dropped by 62.00% to CNY 0.0038 from CNY 0.01 in the same period last year[17]. - The company reported a net loss of CNY 396,652,499.41 in retained earnings, slightly improved from CNY 397,506,880.44 at the beginning of the year[68]. Cash Flow - The net cash flow from operating activities was negative CNY 130,349.77, a decline of 106.50% compared to CNY 2,005,957.04 in the same period last year[16]. - Cash inflows from operating activities totaled CNY 2,474,585.64, a decrease from CNY 5,645,869.30 in the same period last year[77]. - The company reported a net cash flow from financing activities of -159,200.00 RMB, compared to -2,550,183.62 RMB in the same period last year[81]. - Cash and cash equivalents at the end of the period were 655,266.30 RMB, down 61.5% from 1,709,851.97 RMB at the end of the previous year[79]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 161,459,324.68, a slight decrease of 0.25% from CNY 161,867,228.25 at the end of the previous year[16]. - The total current assets as of June 30, 2018, amounted to CNY 107,278,158.84, compared to CNY 105,132,261.18 at the beginning of the period, reflecting an increase of approximately 2%[62]. - The total non-current assets decreased from CNY 56,734,967.07 to CNY 54,181,165.84, indicating a decline of about 4.5%[63]. - The total liabilities were CNY 106,526,573.26, compared to CNY 106,276,910.85 at the start of the year, reflecting a marginal increase[68]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,043[50]. - The largest shareholder, Xu Chengdong, held 64,640,000 shares, accounting for 28.83% of the total shares[52]. - There were no changes in the total number of shares or the capital structure during the reporting period[49]. Management and Operations - The company continues to focus on managing Yantai Jinhai Mining and Benxi Xiaotaoyu Mining, with ongoing efforts in resource declaration and compliance[19]. - The company is expanding its mineral resource reserves through mergers and acquisitions, maintaining a low-cost advantage in resource development[19]. - Management expenses increased by 59.50% to CNY 1,966,716.89, primarily due to rising intermediary fees and salary costs[24]. Tax and Legal Matters - The company reported a significant increase in income tax expenses by 444.59% to CNY 513,628.24, attributed to the completion of previous year losses and current tax provisions[24]. - The company is involved in significant litigation matters, including a case against Shandong Jiawei Group for an outstanding amount of 13,037,400[34]. Investment and Acquisitions - The company plans to sell a 32% stake in Yantai Yuancheng Gold Mining Co., Ltd. to Jining Xinyuan Decoration Engineering Co., Ltd.[27]. - The company has identified potential acquisition targets that could enhance its operational capabilities and expects to finalize at least one acquisition by Q4 2018[113]. Accounting and Financial Reporting - The financial report was approved by the board of directors on August 14, 2018[96]. - The company operates under the accounting standards of the Enterprise Accounting Standards, ensuring accurate financial reporting[99]. - The company’s accounting currency is Renminbi (RMB)[102]. Research and Development - Research and development expenses increased by 25% in the first half of 2018, focusing on new product innovations and technology upgrades[114]. Market Strategy - The company plans to expand its market presence by entering two new regions by the end of 2018, aiming for a 20% increase in market share[112]. - The company is implementing new strategies to improve operational efficiency, targeting a 5% reduction in costs by the end of 2018[116].