*ST京蓝(000711) - 2014 Q2 - 季度财报

Financial Performance - The company achieved operating revenue of CNY 38,380,245.72, an increase of 28.81% compared to the same period last year[18]. - The net profit attributable to shareholders was CNY -21,577,310.39, representing a decrease of 177.78% year-on-year[18]. - The net cash flow from operating activities was CNY 748,889.00, a significant increase of 281.72% compared to the previous year[18]. - Total assets at the end of the reporting period were CNY 1,228,435,282.49, up 12.04% from the end of the previous year[18]. - The basic earnings per share were CNY -0.13, a decrease of 160.00% compared to the same period last year[18]. - The weighted average return on net assets was -6.85%, a decline of 4.70% year-on-year[18]. - The net assets attributable to shareholders decreased by 6.48% to CNY 304,330,510.24 compared to the end of the previous year[18]. Asset Management and Restructuring - The company obtained the qualification for coal mine mergers and acquisitions in Guizhou Province, marking significant progress in its restructuring efforts[26]. - The company terminated asset transfer agreements with five coal mines and signed agreements with three coal mines to optimize its coal mine assets[26]. - The company’s stock has been suspended since May 5, as it is planning a major asset restructuring[26]. - The company has obtained confirmation of its qualification for coal mine enterprise mergers and acquisitions in Guizhou Province, which supports its coal industry development[33]. Investment and Expenditures - The company invested ¥117,550,000.00 during the reporting period, a 2.40% increase from ¥114,800,000.00 in the same period last year[34]. - The total planned investment for the Bijie City Yaguang Coal Mine project is CNY 1.12 billion, with a cumulative actual investment of approximately CNY 933.09 million, representing 83.31% completion[45]. - The company has a total investment of RMB 38,000,000.00 in Guangxi Tianyang Tianlun Mining Co., Ltd., holding a 55% stake[168]. - The company has a total investment of RMB 13,800,000.00 in Guizhou Liupanshui Jiyuan Coal Industry Co., Ltd., holding a 100% stake[169]. - The company has invested RMB 50,000,000.00 in Guizhou Tianlun Energy Investment Holdings Co., Ltd., holding a 100% stake[167]. - The company has invested RMB 50,000,000.00 in Shenzhen Qianhai Tianlun Energy Investment Holdings Co., Ltd., also holding a 100% stake[167]. Financial Liabilities and Guarantees - The company has a total external guarantee amount of 35.08 million yuan approved during the reporting period, with an actual occurrence of 35.08 million yuan[65]. - The actual total guarantee amount accounts for 98.84% of the company's net assets[65]. - The company has no violations regarding external guarantees during the reporting period[66]. Legal and Compliance Issues - The company is involved in a lawsuit with a claim amount of CNY 5 million, which is currently ongoing[52]. - The company has not undergone any mergers during the reporting period[57]. - The company has no penalties or rectifications during the reporting period[71]. - The company does not face any risks of delisting due to legal violations during the reporting period[72]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 11,005[78]. - The largest shareholder, Tianlun Holdings Co., Ltd., holds 26.63% of the shares, totaling 42,855,000 shares, which are pledged[79]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[80]. - There were no share buyback transactions conducted by shareholders during the reporting period[82]. Corporate Governance and Structure - The company has established a corporate governance structure including a shareholders' meeting, board of directors, and supervisory board[97]. - The company employs a continuous operation basis for financial reporting, following the relevant accounting standards[98]. - The company confirmed that there were no changes in accounting policies or estimates during the reporting period[161]. - The company reported no prior accounting errors that needed correction in the current reporting period[162]. Taxation and Subsidies - The company has a corporate income tax rate of 25% applicable to its subsidiaries, including Guangzhou Weizhong Property Management Co., Ltd. and Guangzhou Tianlida Industrial Co., Ltd.[163]. - The company received government subsidies, which are recognized as deferred income and allocated to profit or loss over the useful life of the related assets[21]. - The company applies a value-added tax rate of 17% and 3% on taxable income[163]. - The company’s resource tax is calculated at 6.35 yuan per ton of raw coal extracted[163]. Revenue Recognition and Accounting Policies - Revenue from the sale of goods is recognized when the risks and rewards of ownership have transferred to the buyer, and the related economic benefits are likely to flow to the company[151]. - Income from the transfer of asset usage rights is recognized based on the percentage of completion method when the outcome can be reliably estimated[152]. - The company recognizes deferred tax assets based on the likelihood of future taxable income to offset deductible temporary differences[155]. Inventory and Receivables - The ending balance of raw materials decreased to ¥706,572.02 from ¥1,042,597.79 at the beginning of the period, reflecting a significant reduction of approximately 32.3%[197]. - The accounts receivable balance at the end of the period is CNY 79,603.90 million, with a bad debt provision of CNY 3,980.19 million, representing 5.00% of the total[178]. - Other receivables total CNY 14,821.73 million, with a bad debt provision of CNY 3,232.66 million, which is approximately 21.78% of the total[185]. - The provision for bad debts on other receivables includes a 100% provision for Beijing Guoxin Investment Management Co., Ltd. due to low recovery expectations[187].