FOUNTAIN(SZ:000005)2021-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 163,611,677.78, representing a 22.80% increase compared to CNY 133,235,863.47 in the same period last year[16]. - The net profit attributable to shareholders of the listed company reached CNY 193,280,426.78, a significant increase of 701.53% from a loss of CNY 32,131,567.76 in the previous year[16]. - The basic earnings per share improved to CNY 0.1826, compared to a loss of CNY 0.0304 per share in the same period last year, marking a 700.66% increase[16]. - The weighted average return on net assets was 14.46%, up by 16.32 percentage points from -1.86% in the previous year[16]. - The company's total revenue for the reporting period reached ¥163.61 million, representing a year-on-year increase of 22.80% compared to ¥133.24 million in the same period last year[38]. - The company reported a significant increase in income tax expenses, amounting to ¥8.49 million, a 6,149% increase due to higher taxable income[38]. - The company reported a net profit for the first half of 2021 reached CNY 208,211,606.27, compared to a net loss of CNY 20,336,269.65 in the first half of 2020, indicating a significant turnaround[123]. - The total profit for the first half of 2021 was CNY 216,428,274.73, compared to a loss of CNY 20,336,269.65 in the same period last year[122]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,426,484,439.23, a decrease of 1.70% from CNY 2,468,377,463.56 at the end of the previous year[16]. - The total liabilities decreased to CNY 901,567,618.98 from CNY 1,135,674,272.50, marking a reduction of approximately 20.6%[113]. - The company's current assets totaled CNY 1,315,728,336.48, down from CNY 1,368,567,792.25 at the end of 2020, indicating a decrease of about 3.9%[112]. - The total liabilities at the end of the reporting period were CNY 1,181.96 million, indicating a manageable debt level[141]. - The company's total liabilities at the end of the reporting period were CNY 1,650,000,000, indicating a decrease compared to the previous period[136]. Cash Flow - The net cash flow from operating activities was -¥79.73 million, a decrease of 297.11% compared to ¥40.45 million in the previous year, primarily due to the repayment of operating receivables[38]. - The company generated CNY 165,000,000.00 from investment activities in the first half of 2021, compared to only CNY 1,000.00 in the same period of 2020[126]. - The net cash flow from financing activities was -94,457,280.98 CNY, worsening from -51,397,544.72 CNY in the first half of 2020[127]. - The ending balance of cash and cash equivalents decreased to 82,380,031.65 CNY from 98,468,249.66 CNY at the beginning of the period[127]. - The company reported a total cash outflow from operating activities of 128,964,096.11 CNY, compared to 11,410,433.17 CNY in the previous year[129]. Research and Development - The company invested ¥9.97 million in technology research and development related to environmental pollution and cleaning projects during the reporting period[30]. - Research and development expenses were reported at ¥12,640,426.04, slightly higher than ¥12,145,218.50 in the first half of 2020, indicating a focus on innovation[119]. - The company has allocated CNY 1,369,000 for research and development in new technologies during this reporting period[137]. - The company has partnered with the Max Planck Institute for research and development in water technology, indicating a focus on innovation in low-carbon technology[28]. Market and Operations - The company is engaged in various projects including transportation, clean energy, and water resource infrastructure, with ongoing developments in the Shenzhen-Hong Kong cooperation project[24][27]. - The company is actively promoting a clean microgrid system for pollution cleaning and renewable energy in Indonesia, applying for demonstration projects in Bali and Jakarta[29]. - The company continues to manage land development rights for urban renewal projects, with investments in the Pinghu Village project amounting to approximately ¥121.26 million[33]. - The hotel management and property management services under the "Smart Space" brand saw revenue growth, overcoming adverse impacts from the COVID-19 pandemic[31][40]. Shareholder Information - The company has a total of 14.5 million CNY in irregular guarantees, accounting for 8.80% of the latest audited net assets[69]. - The company has a total of 1,058,536,842 shares outstanding, with 99.94% being unrestricted shares[95]. - The total number of ordinary shareholders at the end of the reporting period is 105,761[97]. - The largest shareholder, China Investment Corporation, holds 13.91% of the shares, amounting to 147,240,445 shares[97]. Compliance and Governance - The semi-annual financial report has not been audited[70]. - The company has not conducted any major litigation or arbitration matters during the reporting period[73]. - The company has not engaged in any major related party transactions during the reporting period[75]. - There were no commitments unfulfilled by the actual controller, shareholders, or related parties during the reporting period[65]. Future Outlook - The company plans to not distribute cash dividends or issue bonus shares for this period[6]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[136]. - The company aims to increase its market share by 10% in the next fiscal year through strategic initiatives and enhanced customer engagement[145]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product portfolio[145].