SHBM(SH:900939)2021-08-19 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 9,281,630.81, a decrease of 2.21% compared to CNY 9,491,154.62 in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2021 was CNY 5,045,740.86, down 43.83% from CNY 8,983,674.78 in the previous year[16]. - The basic earnings per share for the first half of 2021 were CNY 0.0278, a decrease of 43.84% compared to CNY 0.0495 in the same period last year[17]. - The weighted average return on equity was 5.04%, down 5.56 percentage points from 10.60% in the previous year[17]. - The net profit after deducting non-recurring items was CNY 4,830,965.13, an increase of 2.91% compared to CNY 4,694,418.06 in the same period last year[16]. - The total operating income for the period was 9,281,630.81 yuan, a decrease of 2.21% compared to the same period last year[29]. - The net profit attributable to shareholders was 504.57 million yuan, a decrease of 43.83% year-on-year, primarily due to the absence of asset disposal gains from the previous year[31]. - The total comprehensive income for the first half of 2021 was CNY 5,023,476.68, compared to CNY 9,018,952.78 in the same period of 2020[74]. - The net profit for the first half of 2021 was a loss of CNY 1,096,468.22, compared to a loss of CNY 1,505,624.90 in the same period of 2020, representing an improvement of approximately 27.2%[76]. Cash Flow and Assets - The net cash flow from operating activities was CNY 5,249,978.38, an increase of 2.41% compared to CNY 5,126,471.69 in the same period last year[16]. - The company's monetary funds at the end of the period amounted to 61,303,030.21 yuan, representing 48.05% of total assets[33]. - The cash and cash equivalents at the end of the first half of 2021 stood at 6,375,610.19 RMB, a decrease from 30,780,619.90 RMB at the end of the first half of 2020[82]. - The total cash inflow from investment activities decreased to 33,242,666.67 RMB in the first half of 2021 from 52,887,076.39 RMB in the first half of 2020, reflecting a reduction in investment returns[82]. - The total cash outflow from investment activities was 31,000,000.00 RMB in the first half of 2021, compared to 45,050,000.00 RMB in the same period of 2020, showing a decrease in capital expenditures[82]. Liabilities and Equity - Total liabilities amounted to CNY 21,614,699.49, slightly down from CNY 21,713,826.35, showing a decrease of about 0.5%[66]. - Shareholders' equity rose to CNY 105,975,857.15 from CNY 100,952,380.47, marking an increase of approximately 5.0%[66]. - The total owner's equity at the end of the reporting period is RMB 201,849,793.35, a decrease from RMB 203,355,418.25 at the end of the previous year, reflecting a decline of approximately 0.74%[94]. - The total equity attributable to the parent company at the end of the reporting period was CNY 181,500,000, with a decrease of CNY 1,096,468.22 during the period[89]. Business Operations - The company's main business revenue primarily comes from leasing its own factory buildings, with rental income from the Huily Floor Company amounting to 9.0775 million yuan during the reporting period[22]. - The company is actively preparing to resolve overdue rent issues through legal means to prevent further losses[23]. - The company has 264.75 million yuan in overdue rental income that has not been collected, primarily from the tenant Chen Sheng Company[23]. - The company operates in the manufacturing sector, focusing on chemical building materials and related services, with a business scope that includes production, sales, and research and development[96]. Risks and Challenges - The company faces significant risks, including uncertainty in strategic development and potential delisting due to slow growth and reliance on rental income, which is under threat as existing contracts expire[41]. - The company has been strengthening its development efforts but acknowledges a lack of competitive market position, leading to substantial uncertainty in future growth[41]. - The company is at risk of being adversely affected by the ongoing losses of its associate, Huili Coatings, which has shown continuous losses in recent years[41]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,092[55]. - The largest shareholder, Shanghai Huili Group Co., Ltd., held 51,989,300 shares, representing 28.64% of the total shares[57]. - The second-largest shareholder, CITIC Real Estate Group Co., Ltd., held 9,897,800 shares, accounting for 5.45%[57]. Accounting Policies - The financial statements are prepared based on the going concern principle, adhering to the relevant accounting standards[98]. - The company’s accounting policies comply with the requirements of the enterprise accounting standards, ensuring a true and complete reflection of its financial status[100]. - The company’s accounting period runs from January 1 to December 31 each year, with a business cycle of 12 months[102]. Investment and Equity - The company recognizes investment income from cash dividends or profits declared by the investee as current investment income[172]. - For long-term equity investments, if the initial investment cost is less than the fair value of identifiable net assets at the time of investment, the difference is recognized in current profit or loss[173]. - The company applies the cost method for long-term equity investments where it can exert control, adjusting the investment cost for additional or recovered investments[172].