GDMZH(SH:600382)2021-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥137,260,164.33, representing a 6.20% increase compared to ¥129,246,185.65 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2021 was ¥81,916,411.30, a decrease of 62.43% from ¥218,042,561.05 in the previous year[19]. - The basic earnings per share for the first half of 2021 was ¥0.10, down 64.29% from ¥0.28 in the same period last year[20]. - Operating profit decreased by 66.10% to ¥109,719,231.11, while total profit fell by 66.57% to ¥103,792,237.71[54]. - Net profit decreased by 66.58% to ¥76,488,591.72, and net profit attributable to the parent company decreased by 62.43% to ¥81,916,411.30[54]. - Investment income decreased by 64.28% to ¥88.10 million compared to the previous year[61]. - The company reported a credit impairment loss of ¥-52,754,715.03, compared to a gain of ¥590,608.96 in the first half of 2020[166]. - The management highlighted an increase in management expenses to ¥12,600,592.47, up from ¥9,958,603.85 in the first half of 2020, representing a rise of 26.5%[164]. Assets and Liabilities - The total assets at the end of the reporting period were ¥7,986,481,017.82, a decrease of 1.89% from ¥8,140,066,818.54 at the end of the previous year[19]. - The company's net assets attributable to shareholders at the end of the reporting period were ¥6,312,341,397.93, a decrease of 0.75% from ¥6,360,029,155.22 at the end of the previous year[19]. - Total liabilities decreased from ¥1,091,014,119.80 in December 2020 to ¥990,543,895.95 in June 2021, a reduction of about 9.23%[158]. - Current liabilities decreased from ¥897,400,291.73 in December 2020 to ¥724,530,067.88 in June 2021, a decrease of approximately 19.26%[158]. - Non-current liabilities increased from ¥193,613,828.07 in December 2020 to ¥266,013,828.07 in June 2021, an increase of about 37.48%[161]. - The company's non-current assets decreased by 31.99% to ¥1,666,082,158.95 from ¥2,449,608,021.44 due to the recovery of investment funds and the transfer of funds occupied by the actual controller and its controlled companies[76]. Cash Flow - The net cash flow from operating activities for the first half of 2021 was -¥157,923,885.86, compared to -¥222,006,122.10 in the same period last year[19]. - Operating cash inflow for the first half of 2021 was ¥124,955,774.85, a decrease of 30.2% from ¥179,171,844.65 in the first half of 2020[172]. - Cash inflow from investment activities included ¥307,682,683.98 from other investment-related activities, indicating a strong performance in this area[173]. - Cash inflow from financing activities was ¥140,000,000.00, a decrease of 31.0% from ¥203,000,000.00 in the first half of 2020[173]. - The ending cash and cash equivalents balance was ¥177,346,561.89, down from ¥221,670,858.69 at the end of the first half of 2020[173]. Investment Projects - The company has been involved in land development and public facility construction projects since 2014, focusing on supporting local government initiatives[23]. - The company is involved in the primary business model of land development and public facility construction in the Southern New Town of Xingning, with a total investment not exceeding RMB 7.5379 billion[25]. - The company has invested up to RMB 5.90 billion in the "Honggui Garden" real estate development project, covering a total construction area of approximately 586,600 square meters[27]. - The company has also invested up to RMB 5.60 billion in the "Classic City" real estate development project, with a total construction area of approximately 303,634 square meters[30]. - The company has invested up to RMB 300 million in the "Yijing Garden" real estate development project, with a total construction area of approximately 198,861 square meters[33]. - The company has committed up to RMB 600 million for the "Liankang City" real estate development project, which has a total construction area of approximately 434,661.48 square meters[41]. Risk Management - The company faces risks related to potential delisting due to previous financial reporting issues, which may affect investor confidence[5]. - The company is committed to risk control and internal management to address financial challenges and potential delisting risks[53]. - The company has not implemented a comprehensive plan to resolve fund occupation issues, leading to potential delays in resolution[107]. - The company received an audit report with a disclaimer of opinion for the 2020 financial statements, which may lead to a delisting risk warning[106]. Corporate Governance - The actual controller and shareholders committed to avoiding conflicts of interest and ensuring fair transactions with the company, with a commitment period starting from October 19, 2018[117]. - The company reported a commitment to maintain independent financial management and accounting systems, ensuring no shared bank accounts with controlled enterprises[121]. - The company aims to minimize related party transactions, ensuring that unavoidable transactions are conducted transparently and at fair market prices[121]. - The company will continue to uphold a complete and independent governance structure, including the board of directors and management[121]. Shareholder Returns - The company plans to distribute cash dividends amounting to no less than 10% of the distributable profits each year, with a cumulative distribution of at least 30% of the average annual distributable profits over the last three years[123]. - The company distributed cash dividends totaling RMB 36,412,329.90, which corresponds to RMB 0.60 per share for every 10 shares held[192]. Regulatory Compliance - The company has received a notice from the China Securities Regulatory Commission regarding an investigation into the actual controller for suspected violations of information disclosure laws[132]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[115].