YXMC(SH:600213)2021-07-26 16:00Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥494.26 million, a decrease of 47.39% compared to ¥939.49 million in the same period last year[18]. - The net profit attributable to shareholders of the listed company was a loss of approximately ¥38.63 million, compared to a loss of ¥39.35 million in the same period last year[18]. - Basic earnings per share for the first half of 2021 were -¥0.18, unchanged from the same period last year[19]. - The diluted earnings per share were also -¥0.18, consistent with the previous year[19]. - The net loss for the first half of 2021 was RMB 40,408,328.95, slightly improved from a net loss of RMB 41,685,529.17 in the first half of 2020[105]. - The total comprehensive income for the first half of 2021 was -39,349,151.93 RMB, a decrease compared to the previous period[119]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly to approximately ¥253.80 million, compared to ¥19.40 million in the same period last year, representing a growth of 1,207.93%[18]. - The company’s cash and cash equivalents decreased by 44.46% to CNY 295.74 million, primarily due to a reduction in bank deposits[40]. - Cash inflow from financing activities was CNY 297,145,853.49, down 36.0% from CNY 464,195,506.04 in the previous year[111]. - The net cash flow from financing activities was negative CNY 461,003,500.20, a significant decline from negative CNY 75,494,005.52 in the previous year[111]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥3.42 billion, a decrease of 17.91% from ¥4.17 billion at the end of the previous year[18]. - The company's total liabilities decreased from CNY 4,060,067,879.58 in December 2020 to CNY 3,352,725,331.59 in June 2021, a decline of about 17.4%[99]. - The company's equity attributable to shareholders decreased from CNY 16,914,257.35 in December 2020 to CNY -20,354,207.98 in June 2021, indicating a shift to negative equity[99]. Sales and Market Performance - In the first half of 2021, the bus industry saw a total sales volume of 258,200 units, representing a year-on-year increase of 39.71%[25]. - Domestic sales of passenger buses decreased by 20.9% to 15,400 units due to reduced government subsidies and tighter local finances[31]. - The total sales volume for the company's buses was 1,053 units, with a notable decline in export sales of 0.65 million units, down 25.9% year-on-year[33][34]. Research and Development - The company has a research and development team of 133 personnel, with over 32% holding senior technical titles[26]. - The company is focusing on enhancing product competitiveness through partnerships with universities and advanced testing facilities[26]. - Research and development expenses were RMB 27,515,440.88, a slight increase of 1.3% from RMB 27,157,156.14 in the first half of 2020[104]. Environmental Compliance - Environmental compliance data showed that actual COD emissions were 62 mg/L, significantly below the allowed 500 mg/L[53]. - The company has implemented a wastewater treatment system that includes processes such as coagulation, sedimentation, and flotation, ensuring that treated wastewater is discharged into the Tangwang wastewater treatment plant[54]. - The company has established a hazardous waste storage area compliant with national standards, ensuring proper classification and disposal of hazardous solid waste[59]. Legal Matters - The company has ongoing significant litigation matters, including a lawsuit against Harbin Hongda Public Transport Co., Ltd. for payment of goods and overdue penalties, which is currently in the trial phase[71]. - The company has initiated legal proceedings against multiple parties for payment of debts and damages, with outcomes currently uncertain[72]. - The company has reported no significant changes in the status of its litigation matters that would affect its financial reporting[71]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 19,610[87]. - The largest shareholder, Weichai (Yangzhou) Yaxing Automobile Co., Ltd., holds 112,200,000 shares, representing 51.00% of the total shares[89]. - There were no changes in the company's share capital structure during the reporting period[85]. Financial Reporting and Standards - The financial statements are prepared based on the assumption of going concern, with no significant doubts about the company's ability to continue operations[131]. - The company adheres to the Chinese Accounting Standards, ensuring that the financial statements reflect a true and complete view of its financial status as of June 30, 2021[133]. - The company consolidates financial statements based on control, including all subsidiaries as of June 30, 2021[145].