*ST园城(600766) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 97,886,210.11, representing a 1,255.24% increase compared to CNY 7,222,785.78 in the same period last year[15]. - The net profit attributable to shareholders for the first half of 2021 was CNY 2,731,017.97, a significant turnaround from a loss of CNY 487,247.08 in the previous year, marking a 660.50% increase[15]. - Basic earnings per share for the first half of 2021 were CNY 0.01, a 554.55% increase from a loss of CNY -0.0022 in the same period last year[16]. - The weighted average return on equity increased to 4.81% from -0.80% in the previous year, reflecting a significant improvement[16]. - The company's net profit for the first half of 2021 was CNY 2,731,017.97, compared to a net loss of CNY 487,247.08 in the same period of 2020, representing a significant turnaround[73]. - The operating profit for the first half of 2021 was CNY 2,846,913.64, compared to a loss of CNY 498,985.39 in the same period of 2020, showing a substantial improvement[73]. - Total comprehensive income for the first half of 2021 was CNY 2,731,017.97, compared to a total comprehensive loss of CNY 487,247.08 in the same period of 2020[74]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at CNY -4,291,235.42, worsening by 15.96% compared to CNY -3,700,749.20 in the same period last year[15]. - The company reported a decrease in cash and cash equivalents from CNY 3,038 million at the end of 2020 to CNY 2,707 million by June 30, 2021[64]. - The company reported a net decrease in cash and cash equivalents of 331,649.13 RMB, compared to a decrease of 51,777.86 RMB in the same period last year[83]. - The ending balance of cash and cash equivalents was 2,706,687.50 RMB, up from 2,038,788.47 RMB at the end of the previous year[83]. - The company incurred a credit impairment loss of CNY 25,639.92 in the first half of 2021, a decrease of 49.5% compared to CNY 49,678.63 in the first half of 2020[73]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 149,041,167.61, an increase of 7.74% from CNY 138,336,293.73 at the end of the previous year[15]. - Current liabilities totaled ¥90,936,930.76 as of June 30, 2021, compared to ¥82,963,074.85 at the end of 2020, marking an increase of about 9.4%[66]. - The total liabilities as of June 30, 2021, were ¥90,936,930.76, compared to ¥82,963,074.85 at the end of 2020, indicating an increase of about 9.4%[66]. - The total equity as of June 30, 2021, was ¥58,104,236.85, up from ¥55,373,218.88 at the end of 2020, showing a growth of approximately 4.0%[66]. Operational Efficiency - The operating cost also surged to ¥93,663,335.66, reflecting a 1,564.55% increase from ¥5,626,956.50, primarily due to the substantial growth in trade sales[25]. - Management expenses decreased by 26.76% to ¥1,151,287.83, attributed to reduced salary costs[25]. - Financial expenses increased by 248.38% to ¥71,263.09, resulting from increased external financing[25]. - The company established efficient and stable procurement and sales channels for steel and coal, enhancing its market position and resource integration capabilities[22]. Investments and Acquisitions - The company signed a share transfer agreement to acquire an 11% stake in Shandong Huayuan New Material Technology Co., Ltd., expanding its investment in the concrete business[29]. - The company acquired 11% equity in Shandong Huayuan New Material Technology Co., Ltd. from Xu Chengdong, corresponding to an unpaid capital contribution of RMB 2.86 million[45]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 27,518[53]. - The largest shareholder, Xu Chengdong, holds 64,640,000 shares, representing 28.83% of the total shares[55]. Legal and Compliance - The report indicates that the financial statements have not been audited, and the board of directors guarantees the accuracy and completeness of the report[5]. - The company has no significant litigation or arbitration matters reported during the period[41]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[41]. Taxation and Government Grants - The corporate income tax rate for companies not enjoying preferential tax policies is set at 25%[196]. - The company reported a government subsidy of CNY 443.11 included in the non-operating income[17]. - Government grants are recognized at the actual amount received and measured based on the conditions set by relevant government policies[184]. Accounting Policies and Financial Reporting - The financial statements comply with the requirements of the Chinese Accounting Standards and reflect the company's financial position as of June 30, 2021[104]. - The company has adopted a fiscal year that aligns with the calendar year, running from January 1 to December 31[105]. - The company’s financial statements are prepared on a going concern basis, indicating ongoing operational viability[102]. - The company confirmed that it will recognize deferred tax assets related to deductible temporary differences if new information indicates that the economic benefits can be realized within 12 months post-acquisition, reducing goodwill accordingly[111].