Shenzhen Seg (SZ:000058)2018-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2018 was ¥882,938,088.67, representing a 49.06% increase compared to ¥592,346,626.22 in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached ¥97,666,987.94, a significant increase of 95.30% from ¥50,008,785.42 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥52,856,872.90, up 71.73% from ¥30,778,883.27 year-on-year[18]. - The basic earnings per share increased to ¥0.0790, a rise of 95.06% compared to ¥0.0405 in the same period last year[18]. - The total revenue for the reporting period reached 88,942 million, representing a year-on-year growth of 42.29%[38]. - The total profit for the reporting period was 19,102 million, showing an increase of 84.59% compared to the previous year[38]. - The company reported a net profit of -513 million yuan, indicating a decline in profitability[77]. - The net profit for the first half of 2018 was CNY 130,537,811.57, a significant increase of 102.1% compared to CNY 64,701,703.04 in the same period last year[175]. - The net profit attributable to shareholders was CNY 97,666,987.94, up 95.6% from CNY 50,008,785.42 year-on-year[175]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,338,357,883.04, a decrease of 9.36% from ¥6,992,590,420.75 at the end of the previous year[18]. - The total liabilities decreased to CNY 3.80 billion from CNY 4.41 billion, a reduction of 13.9%[167]. - The total assets amounted to CNY 6.34 billion, down from CNY 6.99 billion, a decrease of 9.4%[167]. - The total liabilities at the end of the reporting period were 4,000 million RMB, reflecting a significant increase of 78.4% compared to the previous year[192]. - The total current liabilities increased to ¥579,000,000.00 from ¥534,792,000.00, indicating an increase of about 8.3%[165]. Cash Flow - The net cash flow from operating activities was ¥26,107,017.32, down 71.96% from ¥93,125,278.74 in the same period last year[18]. - The net cash flow from operating activities decreased by 71.96% to ¥26.11 million, primarily due to a reduction in cash received from property sales compared to the previous year[52]. - The company reported a net cash flow from financing activities of -¥276.58 million, a 350.15% decrease, attributed to reduced borrowings and increased interest and dividend payments compared to the previous year[52]. - The cash inflow from operating activities generated a net amount of CNY 26,107,017.32, a decrease of 72% from CNY 93,125,278.74 in the previous year[182]. - The total cash inflow from financing activities was 430,016,667.00 CNY, while the cash outflow was 706,593,641.95 CNY, resulting in a net cash flow of -276,576,974.95 CNY[183]. Investment and Development - The company is focusing on strategic emerging industries, particularly in the new energy sector[30]. - The company is actively expanding its new energy business, focusing on the construction of a cadmium telluride thin-film photovoltaic production base and market development for distributed power stations[50]. - The company has incubated 287 projects and served 1,500 teams through its innovation and entrepreneurship space, creating approximately 8,000 job opportunities[35]. - The company is currently developing a new cadmium telluride production line, with an investment of 45.385 million and a total funding of 137.09 million[72]. - The company is committed to ongoing project development and is actively seeking new investment opportunities in the energy sector[72]. Market and Business Strategy - The company is transitioning from a single rental role to a content service provider in the electronic professional market[27]. - The company aims to innovate its business model by integrating various commercial operations, including smart technology and virtual experiences[27]. - The company is actively transforming its business model from a single commercial platform to a multi-format operation, including smart hardware and cultural education sectors[35]. - The company is focusing on expanding its property management and hotel business as part of its growth strategy[81]. - The company plans to actively seek suitable land resources to expand its commercial real estate business and enhance its market position[90]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[6]. - The company has completed the handling of matters related to the issuance of shares for asset acquisition, but the approval has expired due to market changes[135]. - The company has experienced changes in its board members, with several resignations and new appointments during the reporting period[157]. - The company appointed Chen Huijie as the chairman of the seventh board of directors and Peng Aiyun as the vice president and board secretary[136]. - The company’s major shareholders, including directors and senior management, voluntarily increased their holdings in the company[142]. Legal and Compliance Issues - The company is involved in 11 litigation cases due to tenant defaults, with a total claim amount of 651.6 million CNY, and has successfully concluded several cases[105]. - The company has ongoing arbitration proceedings involving a claim of 398.97 million CNY against Shenzhen Seg Property Development Co., Ltd.[105]. - The estimated liability for a lawsuit related to a rental contract dispute amounts to 1,026.30 million yuan, with a provision of 66.67 million yuan already recognized[103]. - The company has not experienced any bankruptcy reorganization matters during the reporting period[102]. - The company continues to monitor and manage its litigation and arbitration cases actively[105]. Social Responsibility and Community Engagement - The company provided a total of RMB 3.4 million for poverty alleviation projects, benefiting 44 individuals from 20 households[132]. - The company is committed to social responsibility, particularly in targeted poverty alleviation initiatives[131]. - The company is actively involved in poverty alleviation efforts, including a photovoltaic project and an ecological breeding project for pigeons[133]. - The company has no significant environmental protection issues and is not classified as a key pollutant unit[130]. - The company has a loan of RMB 4 million to Shenzhen Sai Ge Long Yan Energy Technology Co., Ltd., which is currently in execution[128].