*ST园城(600766) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 was ¥6,232,468.85, a decrease of 93.63% compared to the same period last year[17]. - The net profit attributable to shareholders for the first half of 2022 was -¥1,058,388.84, representing a decline of 138.75% year-on-year[17]. - The net cash flow from operating activities was -¥29,975,781.35, a significant decrease of 598.54% compared to the previous year[17]. - Operating revenue decreased to 6,232,468.85 from 97,886,210.11, a decline of 93.63% due to the impact of the pandemic and reduced sales[25]. - Operating costs fell to 6,678,464.10 from 93,663,335.66, a decrease of 92.87%, also attributed to the pandemic's effect on sales[25]. - The net loss for the first half of 2022 was CNY 1,058,388.84, compared to a net profit of CNY 2,731,017.97 in the same period of 2021, indicating a shift in profitability[62]. - The total comprehensive income for the first half of 2022 was -1,870,714.96 RMB, compared to 468,621.78 RMB in the first half of 2021, showing a drastic decline[67]. Assets and Liabilities - The total assets at the end of the reporting period were ¥214,181,161.20, an increase of 48.93% from the end of the previous year[17]. - Total liabilities reached CNY 156,891,515.08, compared to CNY 85,467,810.08 at the beginning of the period[54]. - The company's equity attributable to shareholders was CNY 57,289,646.12, a decrease from CNY 58,348,034.96[54]. - The total accounts receivable balance was ¥2,491,820, with a bad debt provision of ¥1,613,603.33, representing a provision ratio of approximately 64.8%[200]. - The total amount of other monetary funds was ¥48,800,000.00, which was not present at the beginning of the period[195]. Cash Flow - Cash flow from operating activities showed a net outflow of -29,975,781.35, worsening from -4,291,235.42, a change of 598.54% due to increased prepayments for goods[25]. - Cash flow from financing activities improved to 21,329,736.21 from 3,959,586.29, an increase of 438.69% due to increased external financing[25]. - The company reported cash inflows from financing activities of 65,500,000.00 RMB in the first half of 2022, a significant increase from 18,710,000.00 RMB in the same period of 2021[70]. - The company's cash and cash equivalents at the end of the period totaled CNY 13,349.95, up from CNY 5,790.88 at the beginning of the period, representing an increase of approximately 130.5%[74]. Shareholder Information - As of the end of the reporting period, the total number of common shareholders is 11,447[43]. - The largest shareholder, Xu Chengdong, holds 64,640,000 shares, representing 28.83% of the total shares[45]. - The second-largest shareholder, Yuanfeng (Shenzhen) Asset Management Co., Ltd., holds 4,577,800 shares, representing 2.04% of the total shares[46]. - The company has not reported any significant changes in its share capital structure during the reporting period[43]. Business Operations - The company actively sought upstream and downstream partners in the steel and coal trade, while expanding its fuel oil business during the reporting period[21]. - The management noted 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[23]. - The company has strengthened the management of the intermediate circulation links in the steel and fuel oil trade to reduce sales costs[22]. - The company continues to provide quality supply chain services while maintaining existing trade customers[21]. Legal and Regulatory Matters - The company has a pending lawsuit against Shandong Jiawei Group for an overdue payment of RMB 13.0374 million, with a court ruling in favor of the company for RMB 12.007 million, of which RMB 3 million has been received[40]. - The company has not reported any major litigation or arbitration matters pending other than the aforementioned case[40]. - The company has not disclosed any significant related party transactions beyond the loan agreement with the major shareholder[41]. Future Outlook - The company plans to continue investing in new technologies and market expansion to drive future growth, although specific figures were not disclosed[73]. - Future performance guidance remains cautious, with management indicating potential challenges in the market environment that could affect revenue growth[73]. - The management highlighted a focus on improving operational efficiency to enhance cash flow generation in the upcoming quarters[73]. Accounting Policies - The financial statements were prepared based on the going concern assumption, adhering to the relevant accounting standards and regulations[89]. - The company’s accounting policies include specific guidelines for revenue recognition, which are aligned with the actual operational characteristics[89]. - The company’s financial reports comply with the disclosure requirements set by the China Securities Regulatory Commission[90].