哈森股份(603958) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 360.55 million, a decrease of 24.41% compared to CNY 476.96 million in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2022 was a loss of CNY 72.44 million, a significant decline from a profit of CNY 6.05 million in the previous year, representing a decrease of 1,297.66%[18]. - The net cash flow from operating activities was a negative CNY 41.89 million, worsening from a negative CNY 20.80 million in the same period last year[18]. - Basic earnings per share for the first half of 2022 were -CNY 0.33, compared to CNY 0.03 in the same period last year, reflecting a decrease of 1,200.00%[19]. - The weighted average return on equity was -7.89%, a decrease of 8.51 percentage points from 0.62% in the previous year[19]. - The company reported a total comprehensive income of -27,811,231.81 RMB for the first half of 2022, compared to 25,904,398.69 RMB in the same period of 2021[97]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1.01 billion, down 12.70% from CNY 1.16 billion at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 7.28% to CNY 884.65 million from CNY 954.16 million at the end of the previous year[19]. - The company's total liabilities decreased to CNY 101,690,915.11 in the first half of 2022 from CNY 169,166,790.54 in the same period of 2021, a reduction of 40.0%[90]. - Total current assets decreased from CNY 960,650,077.19 to CNY 826,671,455.70, a decline of approximately 13.9%[82]. - Total liabilities decreased from CNY 206,996,352.69 to CNY 129,036,786.04, a decline of about 37.7%[84]. Revenue Sources - Direct sales channels generated operating revenue of 324 million RMB, down 28.40% year-on-year, while online channels saw revenue growth of 9.20% to 90 million RMB[31]. - Revenue from self-owned brands, including HARSON and KADINA, was 292 million RMB, a decrease of 28.16%[31]. - Total revenue from sales of goods and services received was 459,344,007.29 RMB, down from 497,947,216.21 RMB in the first half of 2021, representing a decrease of approximately 7.5%[98]. Inventory and Impairment - The company reported an increase in inventory impairment provisions, which contributed to the decline in net profit due to the impact of the pandemic[20]. - The company's inventory at the end of the reporting period was valued at 321 million yuan, accounting for 31.64% of total assets, despite a 13.84% decrease from the previous year[44]. - The inventory decreased from CNY 372,258,161.58 to CNY 320,742,184.74, a reduction of approximately 13.8%[82]. Research and Development - Research and development expenses surged by 228.60% to ¥1,035,899.79, reflecting increased investment in R&D and a rise in personnel[33]. - The company employs significant accounting judgments and estimates in revenue recognition, which may impact reported revenue and expenses[122]. Shareholder Information - The company has 12,494 common shareholders as of the end of the reporting period[73]. - The largest shareholder, Zhenxing International Co., Ltd., holds 143,916,535 shares, accounting for 65.01% of the total shares[75]. - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[5]. Compliance and Governance - There were no significant lawsuits or arbitration matters during the reporting period[65]. - The company has not faced any penalties or corrective actions related to legal violations during the reporting period[65]. - The company has committed to reducing and regulating related party transactions, ensuring compliance with normal commercial practices[63]. Financial Management - The company reported a significant increase in fair value gains of 654.52%, reaching ¥1,562,844.64, attributed to floating returns from private equity investments[34]. - The company's financial expenses improved, showing a decrease to -¥2,205,587.27 from -¥2,381,423.19, indicating better management of financial costs[33]. Strategic Initiatives - The company focuses on a multi-brand strategy to meet diverse consumer needs in the mid-to-high-end shoe market[29]. - The company emphasizes digital transformation to enhance data management and analysis capabilities, improving core competitiveness[28]. - The company is actively enhancing its online sales channels to counteract the negative impacts of potential COVID-19 outbreaks on its offline store operations[45]. Accounting Policies - The financial statements prepared by the company comply with accounting standards and accurately reflect its financial position and performance[129]. - The company uses an expected credit loss model for assessing financial asset impairments, which requires significant judgment and estimation based on various economic factors[123]. - The company recognizes impairment losses for right-of-use assets based on the principles outlined in the long-term asset impairment section[193].