申通地铁(600834) - 2021 Q2 - 季度财报

Financial Performance - Basic earnings per share for the first half of 2021 were CNY 0.076810, a decrease of 12.29% compared to CNY 0.087573 in the same period last year[19] - Diluted earnings per share for the first half of 2021 were also CNY 0.076810, reflecting the same 12.29% decrease year-over-year[19] - The net profit attributable to shareholders decreased by 12.29% to ¥36,667,817.83 from ¥41,805,607.73 year-on-year[20] - The company reported a significant increase in management expenses, which rose to ¥16,736,222.26 in the first half of 2021 from ¥11,765,946.14 in the same period of 2020, reflecting a year-on-year increase of 42.3%[123] - The net profit for the first half of 2021 was CNY 38,364,144.00, compared to CNY 47,193,105.93 in the first half of 2020, reflecting a decrease of approximately 18.6%[125] - The profit attributable to shareholders of the parent company was CNY 36,667,817.83, down from CNY 41,805,607.73 in the previous year, indicating a decline of about 12.9%[125] Revenue and Operating Costs - The company's operating revenue for the first half of the year was ¥154,943,986.91, representing a 6.29% increase compared to ¥145,773,167.22 in the same period last year[20] - Total operating revenue for the first half of 2021 reached ¥154,943,986.91, an increase of 6.29% compared to ¥145,773,167.22 in the same period last year[41] - Operating costs increased by 7.26% to ¥110,853,337.21 from ¥103,351,768.56, corresponding to the revenue growth[41] - Total operating costs for the first half of 2021 were ¥132,913,152.07, up from ¥118,107,535.09 in the same period of 2020, reflecting a year-on-year increase of 12.6%[123] Cash Flow - The net cash flow from operating activities decreased significantly due to the repayment of leasing projects that matured in the same period last year[19] - The net cash flow from operating activities significantly dropped by 98.88%, amounting to ¥5,219,006.53 compared to ¥466,159,181.72 in the previous year[20] - Operating cash inflow for the first half of 2021 was CNY 131,482,322.85, a decrease of 88.4% compared to CNY 1,130,948,774.13 in the first half of 2020[130] - Net cash flow from operating activities was CNY 5,219,006.53, down from CNY 466,159,181.72 in the same period last year[130] - Cash inflow from investment activities totaled CNY 27,611,270.16, a decline from CNY 165,256,779.00 in the first half of 2020[131] - Net cash flow from investment activities was CNY 13,310,329.37, significantly lower than CNY 160,255,812.00 in the previous year[131] Assets and Liabilities - The total assets rose by 1.45% to ¥2,886,314,952.95 from ¥2,845,175,583.15 at the end of the previous year[20] - The company's total liabilities were CNY 1,314,198,598.62, compared to CNY 1,287,732,679.92 at the end of 2020, indicating an increase of about 2.0%[116] - The company's total equity reached ¥1,444,722,723.52, slightly down from ¥1,453,281,350.59 at the end of 2020, indicating a decrease of about 0.3%[121] - The company's current assets totaled CNY 365,387,904.90, up from CNY 322,461,523.54 at the end of 2020, reflecting a growth of approximately 13.3%[115] Investments and Projects - The company is involved in new energy projects, including distributed photovoltaic power generation and energy-saving renovations in the rail transit sector[25] - The company plans to establish a new solar power project with a capacity of 12.4 MWp, expected to be operational by the end of 2021[34] - The company has invested in renewable energy projects, including a 12.4 MWp photovoltaic project planned for completion by the end of 2021, aiming to reduce carbon emissions[71] - The company received government subsidies amounting to ¥2,570,781.35, primarily related to its subsidiary's financing leasing business[21] Safety and Management - The company emphasizes safety management in operations, implementing six safety risk training sessions to enhance employee awareness and prevent accidents[56] - The company is enhancing its quality management system by aligning with ISO standards and conducting internal audits to improve service quality[57] - The company has developed targeted safety plans for major events and holidays to ensure operational safety and emergency response efficiency[58] Related Party Transactions - The total amount of related party transactions for 2021 is estimated to be no more than 919.1 million RMB, with actual transactions in the first half of 2021 amounting to 386.99 million RMB[81] - The company has committed to not transferring benefits to other entities or individuals under unfair conditions, ensuring the protection of company interests[76] - The actual amount for the photovoltaic project electricity sales transaction was RMB 7.89 million[80] Accounting Policies - The financial statements comply with the latest accounting standards issued by the Ministry of Finance, reflecting the company's financial position, operating results, and cash flows accurately[147] - The company recognizes expected credit losses for financial assets measured at amortized cost and those measured at fair value through other comprehensive income, based on all reasonable and supportable information[165] - The company has adopted a simplified model for expected credit losses on accounts receivable, measuring loss provisions based on the expected credit loss over the entire duration of the receivables[170]