元成股份(603388) - 2025 Q2 - 季度财报

Important Notice This section contains key disclaimers and risk warnings, including board and management assurances on report authenticity, the unaudited nature of the report, and significant risks such as continuous *ST warnings, delisting risk warnings due to consecutive losses and low revenue, and major illegal mandatory delisting risks and CSRC investigation due to alleged false financial data disclosure - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the half-yearly report content[3] - This half-yearly report is unaudited[5] - The company's stock continues to be subject to other risk warnings (*ST) due to negative non-recurring net profit for three consecutive years from 2022-2024 and uncertainty regarding its going concern ability in 2024[8] - The company's stock is subject to delisting risk warning (ST) because the net profit attributable to the parent company in 2024 was -325.03 million yuan and operating revenue was 145.84 million yuan, triggering delisting regulations[8] - The company received a 'Notice of Case Filing' from the China Securities Regulatory Commission (CSRC) due to alleged false disclosure of financial data in annual and other periodic reports, leading to an investigation into the company, its controlling shareholder, and actual controller Zhu Changren, posing a significant risk of mandatory delisting due to major violations[9] Definitions This section defines common terms and abbreviations used in the report, including company names, legal entities, financial terms, and the reporting period, to ensure clarity and consistency of content - "the Company, Yuan Cheng Co., Ltd" refers to Yuan Cheng Environmental Co., Ltd[14] - "Reporting Period" refers to January 1, 2025, to June 30, 2025[14] - "PPP" refers to Public-Private-Partnership, a project financing model in public infrastructure[14] - "EPC" refers to Engineering Procurement Construction, where the company, entrusted by the owner, undertakes the entire process or several stages of design, procurement, construction, and trial operation for engineering projects according to contract agreements[14] Company Profile and Key Financial Indicators This section outlines the company's basic information, contact details, and summarizes key accounting data and financial indicators for the reporting period, explaining reasons for significant changes including revenue growth, net profit decline, and improved operating cash flow Company Information This section details the company's official name, abbreviation, foreign name, legal representative, and contact information for the board secretary and securities affairs representative - Company Chinese Name: Yuan Cheng Environmental Co., Ltd[16] - Legal Representative: Zhu Changren[16] - Board Secretary: Zhang Tong, Tel: 0571-86990358[17] Changes in Basic Information This section outlines the historical changes in the company's registered address and provides its current office address, company website, and email address - Company Registered Address: Room 1501, No. 2-6 Qingchun East Road, Shangcheng District, Hangzhou, Zhejiang Province[18] - Historical change in registered address: In 2024, due to government administrative division changes, it was changed to Room 1501, No. 2-6 Qingchun East Road, Shangcheng District, Hangzhou, Zhejiang Province[18] - Company Website: www.ycgf.cn[18](index=18&type=chunk) Information Disclosure and Document Custody Changes This section specifies the designated newspapers for company information disclosure, the website for publishing half-yearly reports, and the location for report custody - Information Disclosure Newspaper Name: Securities Times, Shanghai Securities News[19] - Website Address for Half-Yearly Report Publication: www.sse.com.cn[19](index=19&type=chunk) Company Stock Overview This section provides basic information about the company's stock, including its type, listing exchange, stock abbreviation, and stock code - Stock Type: A-shares[20] - Stock Exchange: Shanghai Stock Exchange[20] - Stock Abbreviation: *ST Yuancheng[20] - Stock Code: 603388[20] Key Accounting Data and Financial Indicators This section presents the company's key accounting data and financial indicators for the current and prior reporting periods, explaining significant changes and their causes, including revenue growth, substantial net profit decline, and improved operating cash flow Key Accounting Data (H1) | Indicator | Current Period (yuan) | Prior Period (yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 82,339,311.22 | 57,915,202.64 | 42.17 | | Total Profit | -127,514,130.15 | -91,907,815.11 | -38.74 | | Net Profit Attributable to Shareholders of Listed Company | -126,795,048.22 | -65,181,974.09 | -94.52 | | Net Cash Flow from Operating Activities | 4,365,087.68 | -22,561,836.37 | 119.35 | | Net Assets Attributable to Shareholders of Listed Company (Period-end) | 720,281,767.90 | 847,076,816.12 | -14.97 | | Total Assets (Period-end) | 2,203,916,439.66 | 2,405,306,578.91 | -8.37 | Key Financial Indicators (H1) | Indicator | Current Period | Prior Period | Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (yuan/share) | -0.39 | -0.20 | -95.00 | | Diluted Earnings Per Share (yuan/share) | -0.39 | -0.20 | -95.00 | | Basic Earnings Per Share After Non-Recurring Gains and Losses (yuan/share) | -0.24 | -0.13 | -84.62 | | Weighted Average Return on Net Assets (%) | -16.18 | -5.74 | decreased by 10.44 percentage points | | Weighted Average Return on Net Assets After Non-Recurring Gains and Losses (%) | -10.06 | -3.74 | decreased by 6.32 percentage points | - Operating revenue increased by 42.17% year-on-year, mainly due to a low base in the prior period, a downturn in the industry's macroeconomic environment leading to fewer new orders and slow progress on existing orders, and slower collections due to client funding shortfalls[23] - Net profit attributable to shareholders of the listed company decreased by 94.52% year-on-year, mainly due to intensified market competition leading to lower gross profit margins, losses from the disposal of Silan Microelectronics equity, and increased credit impairment provisions[2