创兴资源(600193) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥322,623,453.53, representing a 41.53% increase compared to ¥227,955,337.46 in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2021 was ¥15,324,854.10, a significant increase of 110.46% from ¥7,281,698.86 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was ¥14,730,832.57, up 115.28% from ¥6,842,784.38 year-on-year[16]. - The basic earnings per share for the first half of 2021 was ¥0.036, which is an increase of 111.76% compared to ¥0.017 in the same period last year[17]. - The weighted average return on equity increased to 5.11%, up by 2.02 percentage points from 3.09% in the previous year[17]. - Operating profit reached CNY 26.17 million, reflecting a significant year-on-year growth of 244.49% driven by the increase in operating revenue[25]. - The company’s operating costs increased to CNY 284.26 million, a rise of 42.05% compared to the previous year[26]. - The company reported a net loss of CNY 315,044,235.81 for the period, compared to a loss of CNY 310,480,148.48 in the previous period, indicating a slight increase in losses[76]. Cash Flow and Assets - The net cash flow from operating activities for the first half of 2021 was negative at -¥24,407,748.86, an improvement from -¥88,515,350.44 in the same period last year[16]. - The total assets at the end of the reporting period were ¥1,273,763,104.89, a decrease of 2.14% from ¥1,301,559,592.70 at the end of the previous year[16]. - Cash and cash equivalents decreased by 31.80% to 26,099,008.64 RMB, mainly due to payments for procurement of raw materials and labor[30]. - The total current assets as of June 30, 2021, amounted to CNY 1,044,981,365.07, a decrease from CNY 1,070,877,907.12 at the end of 2020[69]. - The company reported a total cash outflow of ¥50.70 million from operating activities in the first half of 2021, compared to ¥26.55 million in the same period of 2020[87]. Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 25,775[60]. - The top ten shareholders held a total of 14.70% (62,540,594 shares) by Xiamen Baihui Investment Co., Ltd.[62]. - Xiamen Dayang Group held 10.23% (43,514,518 shares) and had 25,097,007 shares pledged[62]. - The company has no plans for profit distribution or capital reserve transfer for the half-year period, with no dividends or stock bonuses proposed[42]. Strategic Focus and Market Outlook - The company’s strategic focus is on becoming a recognized player in the construction and decoration sectors for theme parks, tourist hotels, and high-end residential projects[23]. - The construction and decoration industry is projected to reach a total output value of CNY 5.48 trillion by 2022, indicating significant growth potential in the market[22]. - The company is actively preparing to meet the qualifications and staffing needs for upcoming projects, as the market for construction decoration orders is approaching saturation[24]. Government and Regulatory Matters - The company received government subsidies amounting to ¥862,800.00 during the reporting period[16]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[4]. - The company has not been listed as a major polluter and has no significant environmental or social safety issues[44]. - There are no major litigation or arbitration matters reported during the reporting period[49]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the assumption of going concern and reflect the company's financial position as of June 30, 2021[107]. - The company adheres to the enterprise accounting standards, ensuring the financial statements are true and complete[107]. - The company recognizes revenue when the customer obtains control of the related goods, which occurs when the contract is approved and obligations are committed by both parties[175]. - The company assesses expected liabilities when obligations meet specific criteria, including the likelihood of economic outflow and reliable measurement[173]. Investment and Development - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[200]. - The company’s research and development expenses were not specified, indicating a potential area for future investment[26]. - The company signed several framework cooperation agreements with key clients, ensuring sustainable project execution and growth in business volume[24].