HBSXNBM(SH:600293)2021-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2021 was approximately RMB 1.42 billion, representing a 3.08% increase compared to RMB 1.37 billion in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2021 was a loss of approximately RMB 106.48 million, an improvement of 83.45% compared to a loss of RMB 643.42 million in the same period last year[20]. - The net cash flow from operating activities was approximately RMB 87.15 million, a significant increase compared to a negative cash flow of RMB 6.58 million in the same period last year, marking a 1,224.51% improvement[20]. - The weighted average return on net assets increased by 11.97 percentage points to -5.90% from -17.87% in the same period last year[20]. - The basic earnings per share improved to -0.09 yuan from -0.55 yuan in the same period last year, reflecting an 83.64% increase[20]. - The diluted earnings per share also improved to -0.09 yuan from -0.55 yuan in the same period last year, indicating an 83.64% increase[20]. - The net profit was 294 million yuan, an increase of 321 million yuan year-on-year[27]. - The net loss for the first half of 2021 was CNY 97,541,331.28, compared to a net loss of CNY 643,054,017.86 in the first half of 2020, indicating an improvement in financial performance[83]. - The total comprehensive income for the first half of 2021 was ¥293.72 million, compared to a loss of ¥27.44 million in the first half of 2020[85]. - The company reported a total comprehensive loss for the first half of 2021 was CNY -99,244,384.64, compared to CNY -640,076,758.61 in the first half of 2020, indicating a substantial reduction in losses[83]. Assets and Liabilities - The total assets at the end of the reporting period were approximately RMB 4.53 billion, a decrease of 3.38% from RMB 4.69 billion at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 5.83% to approximately RMB 1.75 billion from RMB 1.86 billion at the end of the previous year[20]. - Total assets increased by 11.41% to approximately 4.532 billion yuan compared to the previous year[31]. - The total liabilities decreased to CNY 1,421,440,358.16 from CNY 1,513,910,825.77, a reduction of about 6.1%[82]. - Total liabilities decreased to CNY 2,621,179,565.29 from CNY 2,680,342,805.61, a reduction of about 2.20%[76]. - The company's equity attributable to shareholders decreased to CNY 1,748,364,750.10 from CNY 1,856,548,222.28, a decline of approximately 5.83%[76]. - The total current liabilities amounted to CNY 2,434,717,394.84, a slight decrease from CNY 2,493,307,276.61, reflecting a decline of approximately 2.34%[76]. Subsidiaries and Investments - The company has a total of 54 subsidiaries included in the consolidated financial statements as of June 30, 2021[102]. - The company’s wholly-owned subsidiary, Hengbo Company, reported total assets of CNY 132,762.36 million and a net loss of CNY 25,887.79 million during the reporting period[34]. - The company’s subsidiary, Xiaguang Glass, achieved revenue of CNY 12,617.85 million and a net profit of CNY 825.41 million in the reporting period[35]. - The company’s subsidiary, Dangbo Silicon Mine, reported revenue of CNY 7,523.26 million and a net profit of CNY 339.01 million[35]. - The company’s subsidiary, Puyao New Materials, generated revenue of CNY 8,453.13 million with a net profit of CNY 1,809.97 million[35]. - The company’s subsidiary, Zhengda Technology, reported total assets of CNY 13,389.24 million and a net profit of CNY 992.33 million[36]. Environmental and Social Responsibility - The company has invested over CNY 30 million in environmental protection measures, enhancing its overall image and stability of its environmental systems[45]. - The company reported a reduction in emissions, with a total of 394.942 tons of sulfur dioxide and 671.555 tons of nitrogen oxides released, showing significant decreases compared to the previous year[44]. - The company reported a total of 14.86 million RMB spent on purchasing local agricultural products to support farmers[52]. - The company has established an emergency response plan for environmental incidents, which was filed with the local environmental protection authority[47]. - The company has not reported any administrative penalties due to environmental issues during the reporting period[49]. Governance and Management - The company’s chairman, Xu Xizhong, is currently under criminal detention for suspected loan fraud, affecting the company's governance[58]. - The company has not disclosed any major related party transactions during the reporting period[59]. - The company has not reported any significant litigation or arbitration matters during the reporting period[56]. - The company has not disclosed any information regarding strategic investors or changes in controlling shareholders[70]. Research and Development - R&D expenses increased by 234.27% to 49 million yuan compared to the same period last year[29]. - Research and development expenses increased significantly to CNY 48,950,674.48 from CNY 14,644,055.82, reflecting a growth of approximately 233.5%[82]. - The company is focusing on new product development and technological advancements to drive future growth[96]. Revenue Recognition and Accounting Policies - The company recognizes revenue when control of goods is transferred to customers, which includes conditions such as approval of the contract and clear payment terms[188]. - Revenue from glass manufacturing is confirmed upon shipment and customer receipt of goods[190]. - The company adheres to the accounting standards and ensures that the financial statements accurately reflect its financial position as of June 30, 2021, and the operating results for the first half of 2021[107]. - The financial statements comply with the disclosure requirements set forth by the China Securities Regulatory Commission[107]. Cash Flow and Financing Activities - The net cash flow from operating activities for the first half of 2021 was ¥8,859,096.78, a significant improvement compared to a net outflow of ¥7,702,863.30 in the same period of 2020, indicating a turnaround in operational efficiency[91]. - Cash inflow from financing activities decreased to ¥418,672,750.00 from ¥518,205,719.40, a decline of approximately 19% year-over-year[91]. - The net cash flow from financing activities improved to ¥11,735,597.52 in 2021, compared to a net outflow of -¥22,363,194.03 in 2020, indicating better management of financing operations[91]. Shareholder Information - The largest shareholder, Xu Xizhong, holds 207,387,072 shares, accounting for 17.88% of the total shares, with all shares frozen[69]. - The second-largest shareholder, Shenzhen Qianhai Jiahao Investment Partnership, holds 111,128,680 shares, representing 9.58% of the total shares, also frozen[69]. - The company has not experienced any changes in its total share capital or share structure during the reporting period[65]. - There are no significant changes in the number of shares held by directors, supervisors, and senior management during the reporting period[71].