LFD(SH:600149)2021-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥84.87 million, a decrease of 6.01% compared to ¥90.30 million in the same period last year[20]. - The net profit attributable to shareholders of the listed company was a loss of approximately ¥5.74 million, compared to a loss of ¥2.39 million in the same period last year[20]. - The net cash flow from operating activities was a negative ¥48.30 million, compared to a negative ¥43.69 million in the same period last year[20]. - The total assets at the end of the reporting period were approximately ¥584.32 million, a decrease of 13.15% from ¥672.77 million at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company decreased by 3.41% to approximately ¥162.72 million from ¥168.46 million at the end of the previous year[20]. - The basic earnings per share for the first half of 2021 was -¥0.015, compared to -¥0.006 in the same period last year[21]. - The weighted average return on net assets was -3.47%, compared to -1.15% in the same period last year[21]. - Operating costs increased by 11.19% to approximately ¥70.18 million, up from ¥63.12 million, primarily due to rising raw material prices[45]. - Sales expenses surged by 97.32% to approximately ¥658,711, attributed to increased business development costs[45]. - The company reported a net loss of ¥318,745,472.72, compared to a loss of ¥313,006,350.11 in the previous period, indicating a slight increase in losses[88]. Assets and Liabilities - Total assets decreased from 72,000 million to 58,000 million, a decline of 19.44% year-on-year[47]. - Cash and cash equivalents decreased by 48.37% from 10,799.80 million to 5,575.80 million, primarily due to payments for raw materials[47]. - Accounts receivable decreased by 27.67% from 1,670.04 million to 1,207.94 million, reflecting the collection of heating fees and project payments[47]. - Inventory decreased by 61.78% from 1,065.89 million to 407.41 million, attributed to normal consumption of raw materials[47]. - Contract liabilities decreased by 56.83% from 8,376.66 million to 3,616.33 million, indicating revenue recognition during the period[47]. - Deferred income increased by 48.43% from 410.67 million to 609.55 million, due to government subsidies received[47]. - The total liabilities decreased to ¥329,460,760.80 from ¥416,650,044.50, reflecting a reduction of approximately 21%[88]. Business Operations - The company signed a heating area of 445,200 square meters in the first half of 2021, with a cumulative signed area of 9,972,000 square meters and an actual heating area of 4,705,200 square meters[26]. - The company operates in a heating area exceeding 100 square kilometers, making it the largest heating enterprise in Langfang City[26]. - The company achieved revenue of 1,438,700 CNY from property leasing during the reporting period[26]. - The company is focusing on expanding its heating business in Langfang and surrounding areas, leveraging its state-owned background and professional team[38]. - The company is actively pursuing opportunities in the Daxing International Airport economic zone to expand its heating business[31]. Environmental and Safety Compliance - The company achieved ultra-low emissions for particulate matter not exceeding 10 mg/m³, sulfur dioxide not exceeding 35 mg/m³, and nitrogen oxides not exceeding 80 mg/m³ during the reporting period[61]. - The company implemented SCR+SNCR composite denitrification and wet magnesium oxidation desulfurization technology at its heating stations, effectively controlling emissions[60]. - The company has established emergency response plans for environmental incidents at its heating stations, with specific registration numbers for each station[62]. - The company reported no administrative penalties related to environmental issues during the reporting period[63]. - The company’s emissions from five natural gas boilers met the required standards for nitrogen oxides, particulate matter, and sulfur dioxide[63]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period is 31,002[76]. - The largest shareholder, Evergrande Group, holds 76,032,050 shares, representing 20% of the total shares[78]. - The second-largest shareholder, Langfang Investment Holding Group, holds 58,173,700 shares, representing 15.30% of the total shares[78]. - The actual controller of the company changed to Langfang Finance Bureau on May 28, 2021[80]. - The total equity of the company at the end of the reporting period is CNY 179,055,549.11, a decrease from CNY 185,335,908.58 at the end of the previous year[114]. Financial Reporting and Compliance - The company's financial report was approved by the board of directors on August 27, 2021[129]. - The financial statements comply with the requirements of the accounting standards and reflect the company's financial position and operating results accurately[134]. - The company has not reported any new product launches or technological advancements in this period[108]. - The company plans to maintain its current strategies without major changes in the near future[108]. Risk Management - The company faced significant risks as outlined in the management discussion and analysis section of the report[6]. - The company faces risks including policy changes, market competition, financial risks, raw material price fluctuations, and environmental compliance costs[52].