凌云B股(900957) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 56,060,760.11, a 0.47% increase compared to CNY 55,800,086.82 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2021 was CNY 14,909,818.13, representing a 34.84% increase from CNY 11,057,078.31 in the previous year[19]. - The basic earnings per share for the first half of 2021 was CNY 0.0427, up 34.70% from CNY 0.0317 in the same period last year[20]. - The company reported a net loss of CNY 30,727,150.06, an improvement compared to a net loss of CNY 45,636,968.19 in the previous year[64]. - The total comprehensive income for the first half of 2021 was CNY 14,913,774.36, compared to CNY 11,097,328.84 in the same period of 2020, reflecting a growth of 34.5%[73]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 1,010,474,970.59, a slight increase of 0.19% from CNY 1,008,561,997.16 at the end of the previous year[19]. - The company's net assets attributable to shareholders at the end of the reporting period were CNY 512,820,841.99, reflecting a 2.99% increase from CNY 497,911,023.86 at the end of the previous year[19]. - The total liabilities increased, with cash and cash equivalents decreasing by 82.02% to 2.9 million yuan due to partial repayment of bank loans[29]. - Total liabilities decreased to CNY 496,833,617.31 from CNY 509,834,418.24, a reduction of approximately 2.2%[64]. - Current assets totaled CNY 260,296,297.82, up from CNY 246,874,783.07, indicating an increase of approximately 5.8%[63]. Cash Flow - The company reported a net cash flow from operating activities of CNY -785,437.93, which is not comparable to the previous year's CNY 12,849,070.04[19]. - Operating cash flow turned negative at -785,438 yuan, compared to a positive 12.85 million yuan in the same period last year[28]. - The net cash increase for the first half of 2021 was -13,237,948.84 RMB, an improvement from -21,544,393.24 RMB in the first half of 2020[81]. - The total cash outflow from operating activities was 16,367,132.46 RMB in the first half of 2021, compared to 11,928,486.69 RMB in the same period of 2020, indicating a rise of approximately 37%[80]. - Cash and cash equivalents at the end of the first half of 2021 stood at 2,383,819.81 RMB, a decrease from 14,026,211.32 RMB at the end of the first half of 2020[81]. Operational Highlights - The company's main business includes photovoltaic power generation and commercial property leasing, with electricity revenue being the primary source of income[22]. - The national electricity consumption increased by 16.2% year-on-year in the first half of 2021, indicating a strong economic recovery[22]. - The installed capacity of solar power generation increased by 23.7% year-on-year, contributing to the growth of renewable energy sources[23]. - The photovoltaic power station achieved a settlement electricity of 76.59 million kWh, a year-on-year decrease of 2.25%[24]. - The company is exploring partnerships with local power grid authorities to secure contract electricity shares that match the scale of its power stations[25]. Cost Management - The company reduced its operating costs by 13.86% year-on-year, with management expenses down by 20.84%[28]. - Total operating costs decreased to CNY 43,225,741.82 from CNY 48,496,063.97, reflecting a reduction of about 10.5%[71]. - The company's management expenses rose to CNY 3,154,540.88 in the first half of 2021, compared to CNY 3,984,929.38 in the previous year, showing a decrease of 20.8%[72]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,825[52]. - The top shareholder, Guangzhou Jiaye Investment Group, holds 103,370,000 shares, representing 29.62% of the total shares, all of which are pledged[54]. - Guangzhou Noping Investment holds 41,080,000 shares, accounting for 11.77% of the total shares, also fully pledged[54]. - The total number of restricted shares held by major shareholders is 159,000,000, with all being non-circulating stocks[56]. Regulatory and Compliance - The company has not faced any environmental penalties and has implemented measures to protect the environment and address climate change[41]. - There were no significant lawsuits or arbitration matters during the reporting period[44]. - The company has not disclosed any stock incentive plans or employee stock ownership plans during the reporting period[39]. - The company has not engaged in any major related party transactions during the reporting period[45]. - The company has maintained a good integrity status without any major debts or court judgments pending[44]. Investment and Income - Investment income from joint ventures increased by 49% year-on-year to 7.2 million yuan[24]. - The company reported a decrease in trading financial assets from ¥16,600,000.00 at the end of 2020 to zero as of June 30, 2021[62]. - The company’s long-term investments in equity reached CNY 304,459,957.13, up from CNY 297,255,780.10, indicating an increase of about 2.4%[63]. - Investment income increased to CNY 7,566,015.09 in the first half of 2021, compared to CNY 4,987,949.06 in the same period of 2020, marking a growth of 51.5%[72]. Risk Management - The company faced significant cash flow pressure with accounts receivable for new energy subsidies increasing to 269 million yuan, a rise of 20.05% compared to the end of the previous year[29]. - The company is facing risks related to operational maintenance, regional power restrictions, and delays in renewable energy subsidy payments, which account for two-thirds of its electricity settlement income[32]. - The company aims to enhance internal management to reduce operational failures and maximize electricity generation[25].