万里股份(600847) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥303.43 million, representing an increase of 18.62% compared to ¥255.80 million in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2021 was approximately -¥1.03 million, an improvement from -¥2.54 million in the same period last year[21]. - The basic earnings per share for the first half of 2021 was -¥0.01, compared to -¥0.0165 in the same period last year[20]. - The weighted average return on net assets for the first half of 2021 was -0.15%, an improvement from -0.3678% in the same period last year[20]. - The net cash flow from operating activities for the first half of 2021 was approximately -¥43.08 million, compared to -¥23.16 million in the same period last year[21]. - The total operating revenue for the first half of 2021 was RMB 303,433,725.13, an increase of 18.6% compared to RMB 255,798,106.29 in the first half of 2020[94]. - The net profit for the first half of 2021 was a loss of RMB 1,032,069.68, an improvement from a loss of RMB 2,536,378.82 in the first half of 2020[95]. - The operating profit for the first half of 2021 was a loss of RMB 1,010,375.88, compared to a loss of RMB 2,958,156.21 in the first half of 2020, indicating a reduction in losses[95]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥760.57 million, a slight increase of 0.21% from ¥758.97 million at the end of the previous year[21]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥693.92 million, a decrease of 0.15% from ¥694.95 million at the end of the previous year[21]. - The company's total current assets as of June 30, 2021, amount to 493,777,687.92 RMB, an increase from 483,584,454.73 RMB at the end of 2020[87]. - The company's total liabilities reached CNY 66,657,926.01, up from CNY 64,021,024.71, indicating a growth of about 4.1%[89]. - The total equity attributable to shareholders was CNY 693,916,001.99, a decrease from CNY 694,948,071.67, representing a decline of approximately 0.15%[89]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥43,084,474.26, worsening from a net outflow of ¥23,162,581.79 in the previous year[28]. - The company's cash inflow from operating activities for the first half of 2021 was CNY 228,971,583.81, compared to CNY 203,258,508.95 in the same period of 2020, representing an increase of approximately 12.5%[99]. - The net cash flow from operating activities was negative CNY 43,084,474.26, worsening from a negative CNY 23,162,581.79 in the first half of 2020[99]. - The total cash outflow from operating activities increased to CNY 272,056,058.07, up from CNY 226,421,090.74 in the previous year, indicating a rise of about 20.2%[99]. Expenses - Sales expenses rose by ¥5,250,000, a 44.57% increase, primarily due to sales expansion efforts[28]. - Management expenses increased by ¥1,951,467.53, a 23.86% rise, mainly due to higher employee compensation and service fees[28]. - Research and development expenses for the first half of 2021 were RMB 964,978.13, down from RMB 1,219,510.66 in the first half of 2020, showing a decrease of 20.9%[94]. Environmental Management - The company’s wastewater treatment process ensures that 80% of treated wastewater is reused in production, with the remaining discharged in compliance with environmental standards[47]. - The company has established stable raw material supply channels and long-term partnerships with key suppliers, ensuring production continuity[25]. - The company’s wastewater treatment facilities are equipped with monitoring systems to ensure compliance with national discharge standards[45]. - The company has committed to regular environmental quality announcements on its official website, providing transparency on heavy metal emissions and management[62]. Shareholder Information - The company has not proposed any profit distribution or capital reserve transfer plans for the reporting period[42]. - The company has committed to transferring existing business-related assets to the controlling shareholder, with a minimum transfer price of 680 million yuan[67]. - As of the end of the reporting period, the total number of ordinary shareholders is 8,105[78]. - The top ten shareholders hold a total of 57,000,000 shares, representing approximately 37.5% of the total shares[79]. Regulatory Compliance - The company has not faced any administrative penalties related to environmental issues during the reporting period[63]. - The company has not reported any significant litigation or arbitration matters during the reporting period[69]. - The company has not disclosed any tax incentives applicable to its operations[180]. Accounting Policies - The financial statements are prepared based on the principle of continuous operation, adhering to the requirements of enterprise accounting standards[121]. - The company has not made any significant changes to its accounting policies or estimates during the reporting period[44]. - The company recognizes financial assets or liabilities when it becomes a party to the financial instrument contract, measuring them at fair value initially[129]. Credit and Bad Debt Provisions - The company reported a bad debt provision of CNY 2,053.60 for commercial acceptance bills, with a provision rate of 5%[189]. - The provision for accounts receivable over 5 years is 100%, amounting to 18,987,340.68 RMB[197]. - The combined bad debt provision increased from 28,142,899.33 RMB to 30,153,846.22 RMB, indicating an increase of 2,011,482.89 RMB[199].