WINNERWAY(SZ:000573)2022-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥350,448,562.50, a decrease of 45.66% compared to ¥644,894,367.61 in the same period last year[19]. - The net profit attributable to shareholders was ¥16,238,110.92, down 85.26% from ¥110,170,328.12 year-on-year[19]. - The net cash flow from operating activities was -¥161,153,331.04, a decline of 269.89% compared to ¥94,859,970.40 in the previous year[19]. - Basic earnings per share decreased to ¥0.0254, down 85.28% from ¥0.1726 in the same period last year[19]. - Total assets at the end of the reporting period were ¥2,428,216,094.03, a decrease of 3.17% from ¥2,507,820,529.67 at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 2.84% to ¥1,629,702,816.42 from ¥1,677,365,968.40 at the end of the previous year[19]. - The weighted average return on net assets was 0.96%, down from 6.76% in the previous year[19]. - The company reported a total of ¥119,209.16 in non-recurring gains and losses during the reporting period[23]. - The company reported a revenue of CNY 350,448,562.50 for the first half of 2022, a decrease of 45.66% year-on-year, with a net profit attributable to shareholders of CNY 16,238,110.92, down 85.26% compared to the same period last year[44]. - The company experienced a significant increase in sales expenses, which decreased by 66.56% to CNY 7,325,392.10, primarily due to reduced sales service fees[52]. - The total profit decreased by 89.00% to CNY 14,312,393.78, primarily due to reduced revenue from real estate sales and investment income[52]. - The company reported a total comprehensive income of CNY 13,438,002.57 for the first half of 2022, down from CNY 109,991,278.91 in the same period of 2021[192]. - The company reported a total revenue of approximately CNY 3.81 billion for the period, with a significant increase in user data and project sales[82]. Business Operations - The company primarily engages in real estate development, waste lead recycling, coal mining and sales, industrial park leasing, and water and electricity engineering construction[27]. - The real estate business includes residential, commercial, and parking space development, with notable projects such as Hongyuan Garden and Jiangnan First City, contributing to a strong brand presence in Dongguan[27]. - The lead recycling business has an annual processing capacity of 137,000 tons, with 100,000 tons specifically for waste lead-acid batteries, driven by environmental policies and downstream demand[28]. - The coal mining operations include two mines with verified coal resources of 99.93 million tons and 32.43 million tons, respectively, focusing on a 450,000 tons/year expansion plan[30]. - The company has a total land reserve of 36.66 million square meters, with a remaining developable area of 25.38 million square meters[32]. - The company is actively participating in land joint bidding and project cooperation with industry leaders to enhance its market position[27]. - The company has a total of 11 major projects under development, with a cumulative investment amount of approximately CNY 1.5 billion[35]. - The company aims to enhance its real estate projects by expediting the sales of existing inventory and ensuring timely completion of ongoing projects, such as the Tiantian Mountain Garden and the Kunshan project[41]. - The company plans to expand its recycling lead business by ensuring the smooth transition of hazardous waste permits and increasing production efficiency to boost sales of lead products[41]. - The coal mining segment has obtained a new mining license for 450,000 tons per year at the Walnut Ping coal mine, with ongoing efforts to complete necessary infrastructure improvements[41]. Market Conditions - The real estate sector faced significant challenges, with Guangdong province's GDP growing only 2.0% and Dongguan's GDP increasing by 1.6% in the same period, leading to a 3.1% decline in real estate investment in Dongguan[44]. - The company continues to adapt to changing macroeconomic conditions and real estate policies to optimize its operational strategies[27]. - The company is exposed to market risks due to fluctuations in commodity prices, which may impact operational results[107]. - The company faces significant macroeconomic risks due to the uncertainty of the domestic COVID-19 situation and geopolitical factors[105]. Environmental and Compliance - The company is classified as a key pollutant discharge unit and has implemented measures to ensure compliance with environmental standards[115]. - The company has established a comprehensive waste treatment system, ensuring that all wastewater is treated and reused without discharge[115]. - The company is committed to improving its environmental protection measures and has obtained necessary environmental permits for its operations[116]. - The company has established an emergency response plan for environmental incidents, which has been filed with the Qingyuan Environmental Protection Bureau[117]. - There were no administrative penalties due to environmental issues during the reporting period[117]. - The company has implemented a self-monitoring plan for environmental compliance, with quarterly assessments by qualified third-party organizations[117]. Strategic Initiatives - The company has identified the need for strategic transformation and exploration of new business opportunities to ensure sustainable growth in the face of economic uncertainties[40]. - The company is actively researching and validating potential investment opportunities in the lithium battery recycling market to extend its business from lead-acid battery recycling[47]. - The company is actively pursuing market expansion through strategic partnerships and investments in the real estate sector[88]. - The company plans to enhance research on urban industrial development and strengthen cooperation with leading real estate enterprises to achieve positive interaction between capital and industry[106]. Shareholder and Governance - The total number of ordinary shareholders at the end of the reporting period is 47,223[169]. - Guangdong Hongyuan Group Co., Ltd. holds 19.95% of the shares, totaling 127,359,707 shares, with 81,820,000 shares pledged[169]. - The company has 5,350,579 restricted shares, which remain unchanged during the reporting period[167]. - The company’s stock structure includes 632,930,025 unrestricted shares, accounting for 99.16% of total shares[165]. - The company has not reported any changes in the number of restricted shares during the reporting period[166]. - There were no changes in the controlling shareholder or actual controller during the reporting period, ensuring continuity in governance[173]. Legal Matters - The company has initiated legal proceedings against individuals for recovery of debts related to coal mine transactions[131]. - The company has received a final judgment from the Intermediate People's Court of Neijiang regarding a debt of 9.5 million yuan owed by Sichuan Weibo[131]. - The company is seeking to recover funds that were forcibly deducted, amounting to 15.56 million yuan, from the court[131]. - The company has taken steps to ensure compliance and protect its legal rights in ongoing litigation[131]. - The company has initiated legal proceedings against Jin Ronghui and Yi Ying for breach of contract, seeking a penalty of 3 million yuan, which was upheld by the court but will not significantly impact current or future profits[150].