WINNERWAY(000573)2018-08-30 16:00Financial Performance - The company's operating revenue for the current period is CNY 130,308,167.16, a decrease of 59.06% compared to CNY 318,305,283.14 in the same period last year[17]. - The net profit attributable to shareholders of the listed company is CNY -30,822,906.78, representing a decline of 144.27% from CNY 69,628,772.33 in the previous year[17]. - The basic earnings per share for the current period is CNY -0.0477, a decrease of 142.67% from CNY 0.1118 in the same period last year[17]. - The net profit for the period was CNY -33,664,507.20, representing a decline of 149.48% compared to the previous year, attributed to decreased sales revenue and reduced investment income from the joint venture with Dongguan Vanke[53]. - The company reported a total comprehensive income for the period of -10,453,402.23 yuan, indicating a significant decrease compared to the previous period[189]. Cash Flow - The net cash flow from operating activities is CNY 73,841,313.94, a significant increase of 397.45% compared to CNY -75,775,933.69 in the same period last year[17]. - The cash inflow from operating activities rose by 150.71% to CNY 453,469,399.06, driven by increased pre-sale funds from real estate projects[52]. - The company's cash and cash equivalents increased by 58.89% to CNY 246,123,798.13, primarily due to increased pre-sale funds from real estate projects and the recovery of bank wealth management products[52]. - The total cash and cash equivalents decreased by 44,126,957.64 CNY during the period, contrasting with an increase of 82,896,150.77 CNY in the previous period[180]. Assets and Liabilities - The total assets at the end of the reporting period amount to CNY 3,373,049,265.23, reflecting a growth of 14.76% from CNY 2,939,154,644.59 at the end of the previous year[17]. - The total liabilities amounted to CNY 1,686,917,630.60, compared to CNY 1,221,876,758.75, showing an increase of approximately 38.1%[160]. - The company's total receivables decreased from ¥14,460,278.26 to ¥10,977,289.12, a decline of about 24.3%[158]. - The company's inventory area stood at 35,067.25 m² as of June 30, 2018[34]. Investments - The company’s investment activities resulted in a cash outflow of CNY 532,263,703.62, a 165.31% increase, primarily due to the acquisition of a 27% stake in Yingde New Yu Company and purchases of bank wealth management products[52]. - The total investment during the reporting period reached ¥717,400,020.09, a significant increase of 125.04% compared to ¥318,783,571.09 in the same period last year[61]. - The company invested a total of 306.4 million yuan in real estate projects during the reporting period, with a cumulative investment of approximately 3.09 billion yuan[66]. Risks and Challenges - The company faces various risks including policy risk, safety production risk, and environmental protection risk[4]. - The company is facing risks in the real estate sector due to tightening regulatory policies, which may lead to a more subdued market trend. The company plans to adapt by exploring new real estate development models[82]. - In the coal mining sector, the company is addressing risks related to overcapacity and regulatory scrutiny, with a focus on completing the application for new mining rights and enhancing safety measures[83]. Subsidiaries and Projects - The company’s subsidiary, Xinyu Company, has a processing capacity of 137,000 tons per year for hazardous waste, including lead waste and non-ferrous metal smelting waste[78]. - The company completed a 27% equity acquisition in "英德市新裕有色金属再生资源制品有限公司," increasing its total ownership to 78%[73]. - The company’s construction projects include the ongoing developments of Di Ting Shan, Fei Li Shan, and Suzhou Tian Jun, with total construction areas of 211,465.00 m², 374,302.00 m², and 61,792.69 m² respectively[36]. Shareholder Information - The company held its annual general meeting on May 8, 2018, with an investor participation rate of 20.08%[88]. - The company has a total of 25.45 million restricted stock options granted at a price of 2.69 yuan per share, representing 4.09% of the total shares before the grant[100]. - The company’s stock incentive plan aims to align the interests of shareholders, the company, and key personnel for long-term development[128]. Legal and Compliance - There is an ongoing major litigation involving an amount of 28.4 million yuan, with no judgment results as of the report date[94]. - The company has initiated legal proceedings against Liu Xiangyang and Mengzhe Xinzai Coal Mine for serious breach of contract, with the Guangdong Dongguan Intermediate People's Court accepting the case[97]. - The company has not reported any significant debts or unfulfilled court judgments by its controlling shareholders[98].