ST富润(600070) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥869,291,789.68, a decrease of 33.03% compared to ¥1,297,954,796.80 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was a loss of ¥9,632,797.08, representing a decline of 103.57% from a profit of ¥269,676,884.79 in the previous year[20]. - The net cash flow from operating activities was -¥137,847,149.80, a significant decrease of 771.25% compared to ¥20,535,826.35 in the same period last year[20]. - The basic earnings per share for the first half of 2021 was -¥0.02, a decrease of 103.77% from ¥0.53 in the same period last year[21]. - The weighted average return on net assets was -0.41%, a decrease of 9.47 percentage points from 9.06% in the previous year[21]. - The company reported a loss of ¥29,166,411.49 due to various non-operating expenses, including a loss of ¥49,608,647.02 from financial assets and a tax impact of ¥15,924,994.85[24]. - The company achieved operating revenue of 86,929.18 million yuan, a decrease of 33.03% compared to the same period last year[32]. - The net profit attributable to shareholders was -9,632.8 million yuan, a decline of 103.57% year-on-year[32]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 1,953.36 million yuan, down 81.16% year-on-year[32]. - The company reported a significant net loss of 913.42 million RMB for Hangzhou Taiyi Inventory Information Technology[49]. - The company reported a total of 4,577,864.99 RMB in capital contributions from owners during the period[118]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,597,182,614.65, down 2.47% from ¥3,688,334,850.83 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were ¥2,364,055,714.11, a slight decrease of 0.21% from ¥2,369,110,646.20 at the end of the previous year[20]. - Total assets as of June 30, 2021, were 359,718.26 million yuan, a decrease of 2.47% from the beginning of the period[32]. - Total liabilities decreased to RMB 1,236,520,150.07 from RMB 1,321,838,578.26, a reduction of approximately 6.5%[101]. - The company's equity attributable to shareholders was RMB 2,364,055,714.11, slightly down from RMB 2,369,110,646.20, reflecting a decrease of about 0.2%[101]. - Total liabilities amounted to ¥526,997,416.19, down from ¥593,143,195.63 in the previous period[105]. Cash Flow - The net cash flow from operating activities was -137,847,149.80 yuan, a decrease of 771.25% compared to the previous year[35]. - The company's cash flow from operating activities showed a net outflow of CNY 137,847,149.80 in the first half of 2021, compared to a net inflow of CNY 20,535,826.35 in the same period of 2020, representing a significant change in cash flow dynamics[112]. - The total cash inflow from investment activities was CNY 121,085,059.87 in the first half of 2021, an increase from CNY 70,807,809.36 in the first half of 2020, reflecting a growth of approximately 70.83%[113]. - The net cash flow from financing activities for the first half of 2021 was CNY 4,848,394.94, a recovery from a net outflow of CNY 60,669,437.07 in the same period of 2020, indicating a positive shift in financing operations[113]. Business Operations and Strategy - The company primarily engages in internet services, focusing on media advertising, live e-commerce, and user development for telecom operators, leveraging big data technology[26]. - The company is focusing on business transformation into live e-commerce and supply chain services amid fierce competition in the internet advertising sector[32]. - The company plans to continue exploring digital transformation, 5G commercialization, and live e-commerce opportunities for sustainable growth[34]. - The company is actively pursuing a business transformation to reduce reliance on internet advertising and enhance its resilience against market risks[52]. - The company plans to expand its market presence through new technology development and strategic partnerships[50]. Risks and Challenges - The company has indicated potential risks in the industry and market, which are detailed in the management discussion and analysis section[6]. - The company has a significant accounts receivable risk due to a large balance in its internet advertising business, which could lead to substantial bad debt losses if major clients face financial difficulties[52]. - The company is facing intensified market competition and is adapting to changes in the economic environment and policy directions[52]. Shareholder and Equity Information - The company did not distribute profits or increase capital from reserves during this reporting period[4]. - The company did not propose any profit distribution or capital reserve transfer plan for the first half of 2021[58]. - The company has established a customer credit rating system to mitigate credit risk and control potential bad debt losses[52]. - The number of shareholders reached 42,876 by the end of the reporting period[85]. - The company granted 15,225,386 restricted stock units at a price of 3.29 yuan per share on May 18, 2021[83]. Technological Capabilities - The company holds 9 invention patents and 45 software copyrights, showcasing its technological capabilities in big data and blockchain solutions[28]. - The company is recognized as a key player in the big data application industry, being a member of several national and provincial technology and advertising associations[31]. - The company has developed a comprehensive digital marketing solution, integrating big data management systems, user tagging, and digital marketing platforms for various clients[30]. - The company is actively exploring blockchain applications, with its products approved by regulatory bodies, indicating a commitment to innovation in this field[28]. Compliance and Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[67]. - There were no reported violations regarding guarantees during the reporting period[67]. - The company has not disclosed any environmental information changes during the reporting period[63]. - The company has not reported any measures taken to reduce carbon emissions during the reporting period[64].