DFGC(SZ:000679)2018-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2018 was ¥529,624,394.69, a decrease of 52.43% compared to ¥1,113,346,761.52 in the same period last year[17]. - The net profit attributable to shareholders was a loss of ¥74,646,498.54, representing a decline of 846.02% from a profit of ¥10,006,014.07 in the previous year[17]. - The company reported a total revenue of 52,962.44 million CNY, a year-on-year decrease of 52.43%[33]. - The company's net profit attributable to shareholders was -7,464.65 million CNY, reflecting a significant decline of 846.02% compared to the previous year[33]. - The company reported a net cash outflow from operating activities of approximately CNY 48.60 million, an improvement of 48.66% compared to the previous year[45]. - The company reported a significant increase in financial expenses, totaling CNY 86,271,587.98, compared to CNY 69,836,688.14 in the previous year[125]. - The total comprehensive income for the first half of 2018 was CNY -81,071,223.34, compared to CNY 10,256,043.78 in the same period last year[126]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,897,265,151.59, down 2.42% from ¥6,043,229,226.00 at the end of the previous year[17]. - The total liabilities decreased to CNY 4,495,559,398.59 from CNY 4,558,952,249.66, indicating a reduction of about 1.39%[117]. - The company's cash and cash equivalents were CNY 621,865,559.09, down from CNY 699,904,040.42, representing a decline of approximately 11.15%[115]. - The company's equity attributable to shareholders decreased to CNY 1,276,549,506.99 from CNY 1,351,196,005.53, a decline of about 5.51%[118]. - The company's current assets totaled CNY 4,731,677,782.56, down from CNY 4,865,833,596.88 at the beginning of the year, reflecting a decrease of approximately 2.74%[116]. Sector Performance - The retail sector achieved revenue of 40,548.05 million CNY, a decline of 7.61%, but net profit increased by 5.87% to 1,194.31 million CNY due to the disposal of underperforming assets[33]. - The real estate sector generated revenue of 12,136.92 million CNY, down 81.85% year-on-year, with a net loss of 7,239.07 million CNY, a decrease of 617.78%[33]. - The national retail sales in the first half of 2018 reached ¥16.1 trillion, growing by 9.3% year-on-year, with e-commerce sales increasing by 29.8%[25]. - The real estate development investment nationwide was ¥55,531 billion, with a year-on-year growth of 9.7%[25]. Business Strategy - The company plans to continue optimizing its business structure to meet consumer demand for one-stop shopping and to adapt to the retail industry's transformation[25]. - The company is actively seeking new cooperation models and exploring "real estate + finance" transformation strategies to adapt to tightening industry conditions[27]. - The company has established a principle of developing small plots in central areas of major cities to enhance its competitive edge in the real estate market[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 26,452[100]. - The largest shareholder, Wuxin Investment Holdings (Shenzhen) Co., Ltd., holds 28.06% of the shares, totaling 100,000,000 shares[100]. - The company has not distributed cash dividends or issued new shares during the reporting period[67]. Risk Management - The company faces risks including policy risks, market risks, and funding risks, which could impact its operations and financial performance[63]. - The company plans to enhance its risk control and market assessment capabilities to mitigate potential impacts from regulatory changes[63]. Financial Reporting - The half-year financial report has not been audited, indicating a need for further financial scrutiny[69]. - The financial statements were approved for release by the board of directors on August 29, 2018[154]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its sustainability[158]. Accounting Policies - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial position and operating results[160]. - The company follows specific accounting policies and estimates relevant to the real estate and retail industries[159].