*ST园城(600766) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 was ¥103,314,102.02, representing a 5.55% increase compared to ¥97,886,210.11 in the same period last year[15]. - The net profit attributable to shareholders of the listed company decreased significantly by 95.24%, from ¥2,731,017.97 to ¥130,021.54[15]. - The net cash flow from operating activities was negative at -¥29,975,781.35, a decline of 598.54% compared to -¥4,291,235.42 in the previous year[15]. - The basic earnings per share dropped by 90.00%, from ¥0.01 to ¥0.001[16]. - The weighted average return on net assets decreased from 4.81% to 0.22%, a decline of 4.59 percentage points[17]. - Operating costs rose to CNY 102,175,550.09, reflecting a 9.09% increase from CNY 93,663,335.66 year-on-year, primarily due to increased sales[23]. - The net profit attributable to shareholders decreased by 95.24% to CNY 130,021.54, down from CNY 2,731,017.97, due to reduced custodial income[23]. - The total operating profit for the first half of 2022 was -909,589.56 million RMB, while the previous year reported a profit of 466,951 million RMB[66]. - The company reported a significant increase in cash received from financing activities, with 65,500,000.00 million RMB in the first half of 2022 compared to 18,710,000.00 million RMB in the same period of 2021[70]. Assets and Liabilities - Total assets increased by 49.74% to ¥215,344,496.94 from ¥143,815,845.04 at the end of the previous year[15]. - Cash and cash equivalents at the end of the period amounted to CNY 52,028,361.50, representing 24.16% of total assets, up 338.09% from CNY 11,876,305.64 last year[25]. - Other payables increased by 37.68% to CNY 79,389,369.90, compared to CNY 57,663,349.05 in the previous year, attributed to increased borrowings from related parties[25]. - Total liabilities reached CNY 156,866,440.44, compared to CNY 85,467,810.08 at the start of the period, showing an increase of approximately 83.5%[53]. - The total liabilities increased to CNY 101,346,893.22 in the first half of 2022 from CNY 82,660,246.12 in the first half of 2021, representing a growth of 22.5%[58]. Cash Flow - The company's cash flow from operating activities showed a significant decline, impacting overall financial health and future investment capabilities[60]. - Cash flow from operating activities showed a net outflow of -29,975,781.35 million RMB, a significant decrease from -4,291,235.42 million RMB in the first half of 2021[69]. - Cash inflow from financing activities amounted to CNY 21,500,000.00, while cash outflow was CNY 11,500,000.00, resulting in a net cash flow of CNY 10,000,000.00 from financing activities[74]. Business Operations - The company actively sought upstream and downstream partnerships in the steel and coal trade while expanding its fuel oil business during the reporting period[19]. - The management reported a significant impact on operations due to a reduction in entrusted income from a mining business, estimated to affect total profit by approximately ¥1,400,000[21]. - The company continues to provide quality supply chain services while maintaining existing trade customers[19]. - The company has strengthened the management of the intermediate circulation links in the steel and fuel oil trade to reduce sales costs[20]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders is 11,447, with no changes in the total number of shares or capital structure[41]. - Xu Chengdong holds 64,640,000 shares, representing 28.83% of the total shares, with no changes during the reporting period[43]. - The top ten shareholders include various investment funds, with the largest being Yuanfeng (Shenzhen) Asset Management Co., holding 4,577,800 shares, or 2.04%[43]. Legal and Regulatory Matters - The company is involved in a significant lawsuit regarding a debt collection case against Shandong Jiawei Group, with a claim amount of RMB 12,007,053.10, including principal of RMB 6.2 million and interest of RMB 5,807,053.10[38]. - The company is actively coordinating to respond to the Shanghai Stock Exchange's inquiry regarding its 2021 annual report, which may impact its stock risk warning status[28]. - The company has not faced any legal violations or penalties involving its directors, supervisors, or senior management during the reporting period[39]. Future Plans and Developments - The company plans to establish a wholly-owned subsidiary, Jiangxi Zeyu Lithium Energy Co., Ltd., with a registered capital of CNY 20 million to enhance its market presence in the new energy sector[27]. - The company has not proposed any profit distribution or capital reserve transfer plans for the first half of 2022[34]. - The company has not indicated any new strategic initiatives or changes in business direction in the current report[39]. Accounting Policies and Estimates - The financial statements were prepared based on the assumption of going concern, in accordance with the relevant accounting standards[89]. - The company adheres to the Chinese accounting standards, ensuring that the financial reports are accurate and complete[90]. - The company relies on historical experience and judgment for significant accounting estimates, which may impact revenue, costs, and profits in the current and future periods[179].