*ST碳元(603133) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 217.91 million, a decrease of 14.40% compared to CNY 254.57 million in the same period last year[20]. - The net profit attributable to shareholders of the listed company was a loss of CNY 361.98 million, compared to a loss of CNY 41.79 million in the same period last year, representing a decrease of 766.21%[20]. - The net cash flow from operating activities was CNY 13.97 million, down 36.15% from CNY 21.88 million in the previous year[20]. - The total assets at the end of the reporting period were CNY 1.15 billion, a decrease of 28.49% from CNY 1.61 billion at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company decreased by 41.54% to CNY 468.62 million from CNY 801.64 million at the end of the previous year[20]. - The basic earnings per share for the first half of 2021 was -CNY 1.72, a decrease of 760.00% compared to -CNY 0.20 in the same period last year[21]. - The weighted average return on net assets was -57.05%, a decrease of 52.25 percentage points compared to -4.80% in the previous year[21]. - The significant changes in financial indicators were primarily due to the subsidiary Haicheng Optoelectronics' suspension of production, impairment of fixed assets, and one-time amortization of leased factory renovations[22]. - The company achieved operating revenue of 217.91 million yuan, a year-on-year decrease of 14.40%[32]. - The net profit attributable to shareholders was -361.98 million yuan, an increase in loss of 766.21% year-on-year[32]. Assets and Liabilities - Cash and cash equivalents at the end of the period amounted to CNY 131,406,659.22, representing 11.39% of total assets, an increase of 12.60% from the previous year[37]. - Accounts receivable decreased by 40.28% to CNY 72,910,533.84 from CNY 122,096,046.67, reflecting the company's efforts to enhance cash collection[37]. - Inventory decreased by 32.13% to CNY 78,512,262.13 from CNY 115,681,670.21, indicating a reduction in stock levels[37]. - The company’s long-term borrowings decreased by 14.66% to CNY 152,903,332.33 from CNY 179,166,666.66, reflecting a reduction in debt levels[38]. - The total liabilities decreased to CNY 671,403,887.42 from CNY 792,453,621.25, reflecting a reduction of about 15.2%[93]. - The company's equity attributable to shareholders decreased significantly from CNY 801,644,071.83 to CNY 468,617,311.60, a drop of approximately 41.5%[93]. Operational Developments - The company maintained its market position in high thermal conductivity graphite films for major smartphone brands such as Samsung, Huawei, Vivo, and OPPO[32]. - The subsidiary, Carbon Yuan Green Building, has established over 20 agents and is actively expanding its product offerings in various sectors including hospitals and offices[31]. - The company is actively exploring the cooling needs in the notebook and screen module sectors, leveraging its experience in thermal solutions[32]. - The company emphasizes automation in production to enhance product consistency and reduce labor costs[31]. - The company plans to assess and dispose of assets related to the suspended subsidiary, which may have a significant impact on future financial performance[33]. Environmental and Regulatory Compliance - The company has implemented pollution control measures, including a high-temperature incineration system for waste gas treatment, which is currently operating normally[52]. - The company has received environmental assessment approval for a project with an annual capacity of 10 million heat pipe units and 14 million heat pipe modules[53]. - The company has committed to environmental monitoring through a third-party firm, with quarterly assessments showing compliance with standards[54]. - The company has not disclosed any additional environmental information or measures taken to reduce carbon emissions during the reporting period[55]. Shareholder and Equity Information - The company transferred 10.5% of its subsidiary Carbon Yuan Green Construction's equity to its controlling shareholder Xu Shizhong and 24.5% to Guangdong Hongsheng Youxuan No. 9 Investment Partnership, with a total transfer amount of RMB 14.69 million and RMB 10.58 million respectively[64]. - The company repurchased and canceled 206,500 restricted shares during the reporting period, reducing the total shares from 210,323,500 to 210,117,000[72]. - The company has not reported any changes in its commitments or performance during the reporting period[56]. - The largest shareholder, Xu Shizhong, holds 66,399,353 shares, representing 31.60% of the total shares, with 29,666,700 shares pledged[80]. Future Outlook and Strategic Plans - The company provided a positive outlook for the second half of 2021, projecting a revenue growth of 25%[61]. - New product launches are expected to contribute an additional 300 million in revenue by the end of the year[62]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 500 million allocated for potential deals[61]. - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[124]. Financial Reporting and Accounting Policies - The financial statements are prepared based on the going concern principle, with no identified issues affecting the company's ability to continue operations[130]. - The company adheres to the accounting standards and guidelines set forth by the relevant regulatory bodies, ensuring the accuracy of its financial reporting[132]. - The company recognizes employee short-term compensation as a liability in the period services are provided, including wages, bonuses, and benefits[193]. - The company conducts annual impairment tests for goodwill and intangible assets with indefinite useful lives, regardless of whether there are indications of impairment[189].