XLDY(SH:600769)2021-08-17 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥28,793,670.79, representing a 158.60% increase compared to ¥11,134,486.49 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2021 was ¥4,725,311.67, up 107.87% from ¥2,273,218.67 in the previous year[19]. - The net cash flow from operating activities reached ¥9,373,946.08, a significant increase from a negative cash flow of ¥194,158.40 in the same period last year, marking a 4,927.99% improvement[19]. - Basic earnings per share for the first half of 2021 were ¥0.0126, a 106.56% increase compared to ¥0.0061 in the same period last year[20]. - The weighted average return on equity rose to 7.53%, an increase of 3.52 percentage points from 4.01% in the previous year[20]. - The total revenue for the first half of 2021 reached CNY 4,143,691.12 million, with a growth rate of 14.39% compared to the previous period[53]. - The net profit for the period was CNY 472.53 million, reflecting a growth of 107.87% compared to the previous year[29]. Assets and Liabilities - The total assets at the end of the reporting period were ¥172,406,390.71, an increase of 11.60% from ¥154,487,582.94 at the end of the previous year[19]. - The total assets as of the end of the reporting period amounted to ¥168,188,459.21, compared to ¥155,815,522.06 at the end of the previous period, showing an increase of about 7.9%[74]. - Total liabilities reached CNY 107,276,666.98, compared to CNY 94,083,170.88, marking an increase of around 14%[70]. - The total liabilities increased to ¥104,662,036.14 from ¥97,893,827.78, marking a rise of approximately 6.4%[74]. - The total equity attributable to the parent company was CNY 374,977,200.00 at the end of the reporting period, compared to CNY 367,100,134.00 at the beginning of the year[90]. Cash Flow - The cash flow from operating activities generated a net amount of ¥9.37 million, a significant improvement from a negative cash flow of ¥0.19 million in the first half of 2020[83]. - Total cash inflow from operating activities amounted to CNY 19,992,818.16, compared to CNY 17,355,645.19 in the previous year, indicating a year-over-year increase of about 9.4%[87]. - The cash flow from investment activities showed a net outflow of CNY 20,335,387.91, compared to a net outflow of CNY 12,566,096.45 in the same period last year, indicating a significant increase in investment expenditures[88]. Business Operations - Water supply business revenue reached CNY 1,350.98 million, up 81.87% year-on-year, while construction installation business revenue surged to CNY 1,507.74 million, an increase of 330.83%[29]. - The company achieved a water supply volume growth of 105% compared to the same period last year, benefiting from the upgrade of water supply facilities[25]. - The company is focusing on enhancing its core competitiveness by optimizing internal structures and expanding market reach[29]. - The management strategy emphasizes "filling gaps, strengthening weaknesses, and stabilizing progress" to enhance operational efficiency and market competitiveness[26]. Risks and Challenges - The company faces risks due to its small revenue scale and reliance on key clients and projects, which may be affected by external market fluctuations[39]. - The company has not disclosed any significant asset or equity sales during the reporting period[37]. - There are no significant risks or non-operating fund occupation issues reported by the controlling shareholders[7]. Future Outlook - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[99]. - Future guidance indicates a cautious outlook, with expectations of gradual recovery in the second half of the year[99]. Compliance and Governance - The company has not disclosed any plans for profit distribution or capital reserve transfer during this reporting period[6]. - The company has not engaged in any major acquisitions or divestitures during the first half of 2021[54][55]. - The financial statements are prepared based on the assumption of going concern[115]. Accounting Policies - The accounting policies are in accordance with the relevant enterprise accounting standards[118]. - The company recognizes fixed assets only when economic benefits are likely to flow and costs can be reliably measured[188]. - The group uses a general approach to measure expected credit losses, considering all reasonable and supportable information[154].