云南建投混凝土(01847) - 2025 - 中期业绩

Financial Highlights Financial Highlights During the reporting period, the company's operating revenue significantly increased by 57.2%, gross profit doubled by 120.6%, losses substantially narrowed year-on-year, and basic loss per share decreased by 33.3% | Item | Jan-Jun 2025 (RMB millions) | Jan-Jun 2024 (RMB millions) | Change Percentage | | :--- | :--- | :--- | :--- | | Operating Revenue | 556.9 | 354.2 | 57.2% | | Gross Profit | 60.0 | 27.2 | 120.6% | | Total Profit | -17.7 | -24.5 | 27.8% | | Net Profit | -20.7 | -27.9 | 25.8% | | Net Profit Attributable to Owners of Parent Company | -17.8 | -25.5 | 30.2% | | Basic Earnings Per Share (RMB) | -0.04 | -0.06 | 33.3% | Consolidated Financial Statements Consolidated Income Statement During the reporting period, the company's total operating revenue significantly increased, accompanied by a rise in total operating costs; however, operating profit and net profit losses narrowed, indicating improved operational performance | Item | Jan-Jun 2025 (RMB) | Jan-Jun 2024 (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 556,853,313.53 | 354,163,146.97 | | Total Operating Costs | 556,195,751.84 | 391,730,562.30 | | Operating Profit | -18,306,717.86 | -23,524,551.01 | | Net Profit | -20,668,460.91 | -27,945,457.83 | | Net Profit Attributable to Owners of Parent Company | -17,799,262.85 | -25,485,659.24 | | Basic Earnings Per Share | -0.04 | -0.06 | Consolidated Balance Sheet As of June 30, 2025, the company's total assets and total liabilities both decreased compared to the end of 2024, with accounts receivable being the largest component of current assets and fixed assets dominating non-current assets | Item | Jun 30, 2025 (RMB) | Dec 31, 2024 (RMB) | | :--- | :--- | :--- | | Total Assets | 3,731,546,771.15 | 3,883,403,330.88 | | Total Liabilities | 2,548,371,577.82 | 2,680,172,166.75 | | Share Capital | 446,272,000.00 | 446,272,000.00 | | Total Equity Attributable to Owners of Parent Company | 1,109,804,770.58 | 1,127,053,796.47 | | Total Equity | 1,183,175,193.33 | 1,203,231,164.13 | - As of June 30, 2025, Total Current Assets were RMB 3,347,485,891.03, and Total Non-current Assets were RMB 384,060,880.12[8][9] - As of June 30, 2025, Total Current Liabilities were RMB 2,546,088,598.77, and Total Non-current Liabilities were RMB 2,282,979.05[10][11] Notes to Financial Statements 1. General Information Provides an overview of the company's registration, H-share listing, primary business scope including R&D, production, and sales of construction materials, solid waste comprehensive utilization, and new energy charging/swapping services, along with its parent and ultimate controlling parties - The company was registered and established in Yunnan Province on June 19, 2007, with a registered capital of RMB 446,272,000.00[12] - The company's H-shares began trading on the Main Board of the Hong Kong Stock Exchange on October 31, 2019[13] - Its main business includes R&D, production, and sales of construction materials, primarily ready-mixed concrete, as well as comprehensive utilization of solid waste (mainly phosphogypsum) and new energy heavy-duty truck charging/swapping services[13] 2. Basis of Preparation of Financial Statements Explains that financial statements are prepared under Chinese accounting standards, Hong Kong Companies Ordinance, and Listing Rules, noting the company's going concern assumption despite continuous losses and frozen funds, with proposed improvement measures 2.1 Basis of Preparation Financial statements are prepared in accordance with China Accounting Standards for Business Enterprises and relevant regulations issued by the Ministry of Finance, as well as the Hong Kong Companies Ordinance and Hong Kong Listing Rules - Financial statements are prepared in accordance with China Accounting Standards for Business Enterprises and relevant regulations, as well as the Hong Kong Companies Ordinance and the Hong Kong Listing Rules[15] 2.2 Going Concern Given continuous losses and frozen funds, significant going concern uncertainty exists; the Board has proposed and deemed effective measures like market expansion, debt management, and communication, thus preparing financial statements on a going concern basis - The company incurred continuous losses in 2023, 2024, and the first half of 2025, with approximately RMB 56.50 million in frozen funds as of June 30, 2025, indicating significant uncertainty about its ability to continue as a going concern[16] - The company plans to implement measures to improve its going concern ability, including strengthening market expansion (with contracts on hand totaling approximately RMB 1.53 billion), intensifying accounts receivable collection, and actively communicating with financial institutions and suppliers to optimize debt structure and resolve lawsuits[16] 3. Significant Accounting Policies and Estimates The Group has formulated specific accounting policies and estimates based on its operating characteristics, including operating cycle, bad debt provisions for receivables, depreciation of fixed assets, amortization of intangible assets, provisions, and revenue recognition, with no changes in accounting policies for this period's financial statements - No changes were made to the accounting policies adopted in the preparation of these financial statements[18] 4. Segment Information and Operating Revenue The company treats R&D, production, and sales of construction materials as a single operating segment; during the reporting period, operating revenue primarily stemmed from construction material sales, with solid waste, new materials, services, and new energy charging/swapping businesses also contributing 4.1 Operating Segment Information The Group's primary revenue is derived from the R&D, production, and sales of construction materials, mainly ready-mixed concrete, treated as a single operating segment with all assets located in mainland China - The Group regards the R&D, production, and sales of construction materials, primarily ready-mixed concrete, as a single operating segment[19] 4.2 Operating Revenue During the reporting period, the company's total operating revenue amounted to RMB 556,853,313.53, with sales of construction materials being the primary and largest source of revenue | Item | Jan-Jun 2025 (RMB) | Jan-Jun 2024 (RMB) | | :--- | :--- | :--- | | Sales of Construction Materials | 538,905,684.46 | 338,916,519.47 | | Sales of Solid Waste and New Materials | 6,286,693.49 | 2,951,491.48 | | Services | 10,492,741.94 | 7,690,219.06 | | New Energy Charging/Swapping | 979,384.49 | 310,923.34 | | Others | 188,809.15 | 4,293,993.62 | | Total | 556,853,313.53 | 354,163,146.97 | 5. Finance Costs During the reporting period, total finance costs were **RMB 10,530,698.1