SHTD(SH:600647)2021-08-13 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥257,677,620.06, representing a 170.95% increase compared to ¥95,102,525.85 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2021 was ¥9,926,588.45, a significant increase of 308.06% from ¥2,432,628.79 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,895,049.61, up 317.15% from ¥1,892,629.98 in the same period last year[19]. - The basic earnings per share for the first half of 2021 was ¥0.0713, an increase of 307.43% compared to ¥0.0175 in the same period last year[20]. - The weighted average return on equity increased to 3.26% from 0.84%, an increase of 2.42 percentage points[20]. - The company achieved a total revenue of CNY 257.68 million in the first half of 2021, representing a 170.95% increase compared to the previous period[30]. - The net profit attributable to the parent company was CNY 9.93 million, with earnings per share of CNY 0.07 and a weighted average return on equity of 3.26%[27]. - The company reported a significant increase in accounts receivable, rising by 1,222.36% to CNY 217.17 million, attributed to increased sales[33]. - The company reported a basic earnings per share of CNY 9,760,036.63 for the first half of 2021, compared to CNY 2,975,000.73 in the same period of 2020[73]. Cash Flow and Assets - The company reported a net cash flow from operating activities of -¥199,251,249.11, compared to -¥112,253,483.69 in the same period last year[19]. - The company’s cash and cash equivalents decreased by 36.08% to CNY 168.93 million, reflecting changes in operational cash flow[33]. - Cash inflow from operating activities totaled CNY 90,586,963.92 in the first half of 2021, compared to CNY 2,185,909.28 in the same period of 2020, showing a substantial increase[74]. - The total assets at the end of the reporting period were ¥508,827,262.59, a slight increase of 0.85% from ¥504,521,343.65 at the end of the previous year[19]. - Current assets totaled RMB 470,976,671.37, slightly up from RMB 465,891,610.01 at the end of 2020, indicating a growth of approximately 2.3%[58]. - The total liabilities as of June 30, 2021, were RMB 171,961,453.38, down from RMB 177,561,268.46, reflecting a decrease of about 3.3%[60]. - The company's equity attributable to shareholders rose to RMB 309,367,107.93 from RMB 299,440,519.48, marking an increase of approximately 3.3%[60]. Shareholder Information - Total number of ordinary shareholders at the end of the reporting period is 8,877[51]. - The largest shareholder, Xinda Investment Co., Ltd., holds 56,606,455 shares, accounting for 40.68% of total shares[53]. - The second largest shareholder, Guohua Life Insurance Co., Ltd., holds 5,348,153 shares, accounting for 3.84%[53]. - The third largest shareholder, Guangzhou Xuanyuan Investment Management Co., Ltd., holds 4,673,289 shares, accounting for 3.36%[53]. Risks and Challenges - The report includes a risk statement regarding forward-looking statements, indicating potential risks in future operations and strategies[7]. - The company faces market risks due to potential declines in demand linked to economic slowdowns and the impact of the COVID-19 pandemic[37]. - Financial risks are heightened as the company anticipates increased funding needs due to the expansion of trade operations[38]. Accounting and Financial Policies - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations[95]. - The accounting policies and estimates are aligned with relevant accounting standards, ensuring accurate financial reporting[98]. - The company has not reported any changes in significant accounting policies or prior period error corrections during the first half of 2021[82]. Bad Debt and Receivables - The total accounts receivable at the end of the period amounted to ¥218,265,839.45, with a bad debt provision of ¥1,094,553.71, resulting in a provision ratio of 0.50%[200]. - The company reported a total bad debt provision of ¥642,300.76, which represents 100% of the receivables from specific customers deemed unlikely to be collected[198]. - The aging analysis indicates that receivables within one year accounted for ¥218,136,858.45, with a provision of ¥1,090,684.28, reflecting a 0.50% provision rate[200]. - The company’s overall bad debt provision strategy includes both individual and collective assessments, with the latter accounting for 99.71% of the total provision[197].