泰山石油(000554) - 2016 Q2 - 季度财报

Financial Performance - The company reported a total operating revenue of ¥1,359,278,284.60, a decrease of 11.06% compared to the same period last year[21]. - Net profit attributable to shareholders was ¥1,220,238.28, down 36.77% year-on-year[21]. - The company’s basic earnings per share decreased by 37.50% to ¥0.0025[21]. - The company’s weighted average return on net assets was 0.13%, down from 0.21% in the previous year[21]. - The company reported a decrease in sales expenses to CNY 81,249,614.77 from CNY 64,768,786.06, an increase of 25.3%[108]. - Net profit for the period was CNY 1,411,770.58, a significant decline of 62.0% from CNY 3,712,471.98 in the previous period[108]. - The total comprehensive income for the first half of 2016 was CNY 10,672.26 million, reflecting a decrease of 5.87% compared to the previous period[132]. - The profit distribution included a surplus reserve extraction of CNY 1,067.23 million and a distribution to shareholders of CNY -4,807.93 million, indicating a significant reduction in shareholder returns[132]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 347.60% to ¥46,676,170.70, primarily due to reduced payment for goods[30]. - The company's cash and cash equivalents increased to ¥24,679,533.06 from ¥18,936,868.69, representing a growth of approximately 30.0%[98]. - Cash flow from operating activities generated a net amount of CNY 46,676,170.70, compared to a negative cash flow of CNY -18,851,656.44 in the same period last year[115]. - The cash inflow from financing activities totaled 40,000,000.00 CNY, while cash outflow was 41,042,900.00 CNY, resulting in a net cash flow of -1,042,900.00 CNY for financing activities[119]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,078,194,759.25, reflecting a 1.47% increase from the previous year[21]. - Total liabilities increased to ¥162,786,008.71 from ¥148,572,854.44, marking an increase of approximately 9.5%[100]. - The company's total equity reached ¥915,408,750.54, slightly up from ¥913,991,177.72, indicating a marginal increase of about 0.2%[101]. - Total assets increased to CNY 1,154,646,045.08 from CNY 1,146,613,051.82, marking a growth of 0.29%[105]. - Total liabilities rose to CNY 171,341,431.53, up from CNY 163,623,802.83, indicating an increase of 4.18%[105]. Revenue Breakdown - Gasoline revenue was CNY 760,125,081.86, down 2.32% year-on-year, with a gross margin of 12.35%[35]. - Diesel revenue decreased by 23.21% to CNY 539,088,933.70, with a gross margin of 2.78%[35]. - Natural gas revenue increased by 1.64% to CNY 5,865,237.21, with a gross margin of 18.10%[35]. - Non-oil products revenue rose by 29.04% to CNY 52,603,338.43, with a gross margin of 8.98%[35]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 57,439[83]. - The largest shareholder, Sinopec Limited, holds 24.57% of the shares, equating to 118,140,120 shares[83]. - The company reported no changes in major shareholders or actual controllers during the reporting period[86]. Corporate Governance and Compliance - The company has made commitments to comply with legal regulations and has fulfilled its commitments during the reporting period[75]. - There were no significant litigation or arbitration matters during the reporting period[55]. - The company has no risks of delisting due to legal violations during the reporting period[78]. - The financial statements were prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy in reporting[138]. Investment Activities - The company's investment activities generated a net cash outflow of ¥39,890,606.33, an increase of 108.96% compared to the previous year[30]. - There were no external investments or securities investments during the reporting period[37][39]. - The company did not engage in any major projects funded by non-raising funds during the reporting period[48]. Accounting Policies - The company has established specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition based on its operational characteristics[137]. - The company recognizes revenue from the sale of goods when the significant risks and rewards of ownership have been transferred to the buyer[197]. - The company applies specific accounting treatments for various sales methods, including trade-ins and sales with buyback agreements, ensuring compliance with revenue recognition criteria[200].