Financial Performance - The company's total revenue for the reporting period was RMB 28,446,337.20, representing a decrease of 24.82% compared to the same period last year[14]. - The net profit attributable to shareholders of the listed company was RMB -11,819,705.03, showing a slight increase in loss compared to RMB -11,818,431.23 in the previous year[14]. - The net cash flow from operating activities was RMB -8,835,387.64, a significant decline from RMB 61,702,699.13 in the same period last year[14]. - Revenue for the first half of the year was RMB 28,446 million, a decrease of 24% compared to RMB 37,839 million in the same period last year[19]. - The pre-tax loss was RMB 11,853 million, slightly higher than the loss of RMB 11,594 million in the previous year[19]. - The company reported a net loss attributable to shareholders of RMB 11,820 million, slightly higher than the loss of RMB 11,818 million in the previous year[19]. - The company's revenue for the reporting period was RMB 28.45 million, a decrease of 24.82% compared to RMB 37.84 million in the same period last year[43]. - The net loss attributable to shareholders was RMB 11.82 million, with a loss per share of RMB 0.0135[43]. - The company reported a loss before tax of RMB 11,853,000, compared to a loss of RMB 11,594,000 in the previous year, indicating a slight increase in losses[153]. - The company reported a total comprehensive loss of RMB (11,539) thousand for the first half of 2021, compared to a loss of RMB (11,707) thousand in the same period of 2020, indicating a slight improvement[168]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 143,979,973.17, down 8.60% from RMB 157,525,808.79 at the end of the previous year[14]. - Total assets at the end of the reporting period were RMB 143,980 million, down from RMB 157,896 million at the end of the previous year, representing a decrease of 8.8%[21]. - The company's total liabilities to total assets ratio increased to 236.49% as of June 30, 2021, compared to 217% in 2020[101]. - The total liabilities were RMB 196,517,000, an increase from RMB 185,229,000 at the end of 2020[160]. - The company's total liabilities increased to CNY 234,700,124.38 as of June 30, 2021, compared to CNY 233,578,711.56 at the end of 2020[192]. - Total liabilities slightly decreased from CNY 342.76 billion to CNY 340.50 billion, a reduction of about 0.7%[180]. - The company's total current liabilities decreased from CNY 229.65 billion to CNY 219.52 billion, a decrease of approximately 4.4%[180]. - The company's cash and cash equivalents decreased to RMB 7,957,501.63, representing 5.53% of total assets, down from 8.20% the previous year, a decrease of 2.67%[77]. - The company's cash and cash equivalents decreased to RMB 3,709 thousand from RMB 4,678 thousand, reflecting a decline of about 20.7%[168]. - The company's total assets decreased from CNY 157.53 billion on December 31, 2020, to CNY 143.98 billion on June 30, 2021, representing a decline of approximately 8.6%[176]. Shareholder Information - The net assets attributable to shareholders of the listed company were RMB -198,674,376.15, compared to RMB -187,420,368.40 at the end of the previous year[14]. - The number of shareholders at the end of the reporting period was 48,805, with the largest shareholder holding 29.44% of the shares[27]. - The largest shareholder, Hong Kong Central Clearing (Agent) Co., Ltd., held 257,097,899 shares, representing 29.53% of the total shares[32]. - Shareholders' equity showed a negative balance of RMB 196,517 million, worsening from a negative RMB 185,229 million year-on-year[21]. - The company's total equity attributable to shareholders as of June 30, 2021, was RMB (1,060,789) thousand, compared to RMB (941,138) thousand at the end of 2020, reflecting a worsening of approximately 12.7%[172]. Operational Strategies and Challenges - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company has not disclosed any new product developments or market expansion strategies during this reporting period[19]. - The company faced challenges in order fulfillment and cash collection due to the pandemic but managed to increase order volume through new product development[48]. - The company is actively addressing risks associated with the ongoing COVID-19 pandemic by implementing strict prevention measures[53]. - The company plans to enhance operational efficiency and core competitiveness to reverse the current loss situation[58]. - The company aims to expand its hotel-related business to increase revenue and profit, thereby enhancing its sustainable profitability[58]. - The company is facing significant market competition, which has negatively impacted the average profit level in the industry[56]. - The company is actively adjusting its business structure to accelerate the transition to modern service industries, enhancing its core competitiveness[114]. Audit and Compliance - The company’s financial report has been reviewed and confirmed by the audit committee[4]. - The company has established an audit committee under the board of directors in accordance with the listing rules[139]. - The company has confirmed compliance with the standard code for securities trading by directors during the reporting period[137]. Research and Development - The company invested ¥728,861.03 in R&D, marking a 100% increase due to expenditures related to the closed bus subsidiary[65]. - Research and development expenses for the first half of 2021 were CNY 728,861.03, reflecting ongoing investment in innovation[197]. Legal Matters - The company is facing a lawsuit regarding employee placement fees, which is currently under judicial review[119]. - The court ruled that Shenyang High Voltage Switch Co., Ltd. must pay 28.53 million RMB plus interest to the State-owned Assets Supervision and Administration Commission of Shenyang City within 15 days of the judgment becoming effective[120].
东北电气(00042) - 2022 - 中期财报