凌云B股(900957) - 2023 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2023 was ¥61,757,256.59, a decrease of 4.53% compared to ¥64,689,599.26 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2023 was ¥19,298,679.35, down 12.47% from ¥22,048,239.05 in the previous year[21]. - The net cash flow from operating activities was negative at -¥5,821,243.79, compared to a positive cash flow of ¥4,938,014.39 in the same period last year[21]. - Basic earnings per share for the first half of 2023 were ¥0.0553, a decrease of 12.50% from ¥0.0632 in the same period last year[22]. - The weighted average return on net assets was 3.35%, down 0.76 percentage points from 4.11% in the previous year[22]. - The company achieved a settlement electricity volume of 79.45 million kWh in the first half of the year, a decrease of 3.69 million kWh or 4.44% compared to the same period last year[27]. - The operating revenue for the first half of the year was 61.76 million RMB, down 293.23 thousand RMB or 4.53% year-on-year[27]. - The net profit attributable to shareholders was 19.30 million RMB, a decrease of 274.96 thousand RMB or 12.47% compared to the previous year[27]. - The company reported a significant cash flow deficit from operating activities of -5.82 million RMB, compared to a positive cash flow of 4.94 million RMB in the same period last year[31]. - Total operating revenue for the first half of 2023 was CNY 61,757,256.59, a decrease of 4.3% compared to CNY 64,689,599.26 in the first half of 2022[74]. - Net profit for the first half of 2023 was CNY 19,296,690.03, representing a decline of 12.3% from CNY 22,013,665.53 in the first half of 2022[75]. - Cash received from sales of goods and services was CNY 18,344,235.87, down 12.0% from CNY 20,863,311.34 in the first half of 2022[80]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,067,733,802.62, a slight increase of 0.12% from ¥1,066,446,596.43 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 3.41% to ¥585,368,713.01 from ¥566,070,033.66 at the end of the previous year[21]. - The company's accounts receivable reached 364 million RMB, an increase of 52 million RMB from the previous year-end[29]. - The company's trading financial assets decreased by 92.40% to CNY 1,520,000 from CNY 20,001,087.41[33]. - Accounts receivable financing dropped by 59.33% to CNY 474,110 from CNY 1,165,630.74[33]. - Deferred tax assets increased by 39.78% to CNY 4,221,340.31 from CNY 3,020,071.46, primarily due to accounts receivable related to new energy subsidies[33]. - Accounts payable decreased by 64.30% to CNY 1,111,944.75 from CNY 3,114,724.75, indicating reduced payments to suppliers[33]. - Other current liabilities surged by 466.32% to CNY 3,114,752.48 from CNY 550,000, reflecting provisions for maintenance costs and audit fees[33]. - Total liabilities decreased from CNY 499,520,774.59 in December 2022 to CNY 481,511,290.75 in June 2023, a reduction of approximately 3.5%[70]. - Total equity increased from CNY 566,925,821.84 in December 2022 to CNY 586,222,511.87 in June 2023, reflecting a growth of about 3.5%[71]. - The company's total assets rose from CNY 591,867,629.41 in December 2022 to CNY 598,200,792.46 in June 2023, an increase of approximately 1.8%[72]. - The company's total equity attributable to shareholders rose from CNY 566,070,033.66 in December 2022 to CNY 585,368,713.01 in June 2023, reflecting an increase of about 3.5%[70]. Cash Flow - The net cash flow from operating activities was -5,821,243.79 RMB, a decrease from 4,938,014.39 RMB in the previous period[81]. - Total cash inflow from investment activities was 106,770,861.61 RMB, significantly higher than 30,612,437.02 RMB in the same period last year[81]. - The net cash flow from investment activities was 18,617,027.62 RMB, compared to 8,643,390.41 RMB in the previous year[81]. - Cash outflow from financing activities totaled 26,596,712.03 RMB, up from 13,968,217.51 RMB in the prior period[82]. - The net cash flow from financing activities was -26,596,712.03 RMB, reflecting an increase in cash outflows compared to -13,968,217.51 RMB last year[82]. - The ending balance of cash and cash equivalents was 26,891,078.95 RMB, down from 40,692,005.88 RMB at the beginning of the period[82]. - The cash and cash equivalents decreased to CNY 27,408,278.95 from CNY 41,209,205.88, indicating a decline of about 33.4%[68]. - The cash and cash equivalents net increase was -13,800,926.93 RMB, compared to -386,811.08 RMB in the prior period[82]. Management and Governance - The company has elected a new board of directors and management team, indicating a potential shift in strategic direction[45]. - No profit distribution or capital reserve increase plans were proposed for the half-year period[46]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[50]. - The total amount of guarantees provided by the company, excluding those to subsidiaries, is 0, while guarantees to subsidiaries amount to 46,170,000 RMB[56]. - The total guarantee amount, including those to subsidiaries, is 46,170,000 RMB, which accounts for 78.87% of the company's net assets[56]. - The company had a total of 21,668 common shareholders by the end of the reporting period[60]. - The largest shareholder, Guangzhou Jiaye Investment Group Co., Ltd., holds 29.62% of the shares, amounting to 103,370,000 shares, all of which are pledged[61]. - The second-largest shareholder, Guangzhou Noping Investment Co., Ltd., holds 11.77% of the shares, amounting to 41,080,000 shares, all of which are also pledged[61]. - There were no changes in the total number of shares or the capital structure during the reporting period[58]. - The company reported no changes in the status of strategic investors or major shareholders during the reporting period[63]. Risks and Challenges - The company faces significant pressure due to delayed renewable energy subsidy payments, impacting its cash flow and operational stability[29]. - The company faces significant risks including operational risks in photovoltaic power generation and potential fluctuations in electricity prices[40]. - The company has over CNY 364 million in overdue renewable energy subsidy payments, which poses a substantial payment risk[40]. - The management expenses increased by 27.14% year-on-year, primarily due to higher legal service fees, employee costs, and travel expenses[31]. Future Outlook - The report includes a risk statement regarding potential future plans and development strategies, advising investors to be cautious[5]. - The company plans to focus on market expansion and new product development in the upcoming quarters[75]. - Future guidance indicates a positive outlook for revenue growth, supported by strategic investments in new technologies and market segments[90]. - The company plans to continue its market expansion efforts, focusing on enhancing product offerings and technological advancements[90]. Compliance and Accounting Policies - The financial statements are prepared based on the principle of going concern, ensuring the company's ability to continue its operations[105]. - The accounting policies comply with the requirements of enterprise accounting standards, reflecting the company's financial status accurately[106]. - The company’s accounting period runs from January 1 to December 31 each year, with a 12-month operating cycle[108]. - The company has not changed its scope of consolidated financial statements, which includes subsidiaries such as Shanghai Kangli Industrial Co., Ltd. and Gansu Deyou Energy Technology Co., Ltd.[103]. - The company consolidates financial statements for the entire corporate group as a single accounting entity, reflecting overall financial status, operating results, and cash flows[112].