*ST新联(000620) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,919,444,605.20, representing an increase of 11.29% compared to CNY 1,724,665,851.45 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was a loss of CNY 725,878,444.43, which is a decline of 28.48% from a loss of CNY 564,971,484.81 in the previous year[25]. - The net cash flow from operating activities decreased by 65.16%, amounting to CNY 426,624,517.64 compared to CNY 1,224,523,056.93 in the same period last year[25]. - The basic and diluted earnings per share were both CNY -0.38, a decrease of 26.67% from CNY -0.30 in the same period last year[25]. - The weighted average return on net assets was -11.73%, a decline of 4.33% compared to -7.40% in the previous year[25]. - The company's operating revenue for the reporting period was CNY 1,919,444,605.20, representing an increase of 11.29% compared to the previous year[44]. - The cost of goods sold was CNY 1,702,185,623.30, reflecting a year-on-year increase of 15.15%[45]. - The revenue from the cultural tourism sector increased by 67.72% year-on-year, driven by enhanced services and expanded product offerings[50]. - The gross profit margin for the cultural tourism sector was -27.39%, indicating a significant decline compared to the previous year[50]. - The company reported a net profit of 23,026,176.87 CNY from its subsidiary Liling Xinhua Real Estate Development Co., Ltd., contributing significantly to overall performance[68]. - The company reported a significant increase in total assets across its subsidiaries, with Hunan Xinhua Real Estate Development Co., Ltd. showing total assets of 1,808,704,661.74 CNY[68]. Asset and Liability Management - The total assets at the end of the reporting period were CNY 49,453,211,887.11, down 1.86% from CNY 50,391,037,662.63 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company decreased by 12.73%, totaling CNY 5,771,436,178.56 compared to CNY 6,613,203,430.39 at the end of the previous year[25]. - The company's cash and cash equivalents decreased by 54.83% to CNY -580,019,354.97 compared to the previous year[45]. - Cash and cash equivalents at the end of the reporting period amounted to ¥2,269,096,772.71, representing 4.59% of total assets, a decrease of 1.59% from the previous year[54]. - Inventory increased to ¥22,198,165,195.20, accounting for 44.89% of total assets, up by 1.12% year-on-year[54]. - Long-term borrowings rose to ¥13,150,602,398.24, making up 26.59% of total assets, an increase of 3.37% compared to the previous year[54]. - Contract liabilities reached ¥6,952,406,340.50, which is 14.06% of total assets, reflecting a 2.43% increase from the previous year[54]. - The total amount of daily related party transactions for the year is estimated at CNY 13.6 million, with actual transactions amounting to CNY 1.18 million during the reporting period[99]. - The company reported a total debt guarantee of 100,000 for the period ending August 16, 2018, with a repayment amount of 86,454[124]. - The total approved guarantee amount during the reporting period was 150,000, with the actual amount incurred totaling 173,023[133]. - The actual guarantee amount accounted for 309.12% of the company's net assets[133]. Operational Strategies and Developments - The company has established a comprehensive industrial layout, including cultural tourism, urban renewal, health living, and rural revitalization, with a focus on cultural tourism as its core strategy[40]. - The company organized two marketing competitions, "Extreme Cold Rush" and "Spring Thunder Action," to boost sales and implemented competitive sales incentive policies for unsold commercial properties[36]. - The company has signed a city renewal cooperation agreement with Shanghai Qingpu District, marking its acceleration into new development tracks[40]. - The company has formed a complete industrial chain structure, integrating tourism and real estate development, scenic area operation, and property services, enhancing operational efficiency[41]. - The company has launched various themed activities and performances in its scenic areas to increase visitor engagement and improve operational performance[41]. - The company has strengthened its operational management and cost control measures, resulting in significant growth in operational income and visitor numbers compared to the previous year[36]. - The company aims to improve its cash flow by increasing the disposal of non-scenic properties such as hotels and shopping malls to address financial risks[73]. - The company is closely monitoring national macro policies and industry trends to ensure stable business development amidst ongoing real estate regulations[72]. - The company has set a goal to enhance operational capabilities in cultural tourism, focusing on product quality and speed of sales[72]. Challenges and Risks - The company faces various risks and has outlined corresponding countermeasures in its report[5]. - The company has faced challenges with overdue debts and is actively seeking solutions to manage these financial risks[73]. - The company disclosed that it is facing financial difficulties, including overdue financial debts and asset seizures[96]. - The company reported a significant lawsuit involving China Bank, with a disputed amount of CNY 496.97 million, which has entered the enforcement stage[94]. - The company has not experienced any bankruptcy reorganization matters during the reporting period[91]. - The company has no significant impairment risks associated with its overseas assets[58]. Shareholder and Governance Information - The company has established a first-phase employee stock ownership plan, purchasing 13,566,347 shares, which is 0.72% of the total share capital, for a total amount of 33,519,800 CNY[80]. - The total number of common shareholders at the end of the reporting period was 41,689[148]. - The largest shareholder, Xinhua Lian Holdings Co., Ltd., holds 61.17% of the shares, totaling 1,160,272,587 shares[148]. - The company has not conducted any repurchase transactions among the top 10 common shareholders during the reporting period[158]. - There were no changes in the controlling shareholder or actual controller during the reporting period[160]. - The company has no preferred shares outstanding during the reporting period[163]. Compliance and Regulatory Matters - The half-year financial report has not been audited[89]. - There were no administrative penalties related to environmental issues during the reporting period[83]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[87]. - The company has not reported any violations regarding external guarantees during the reporting period[88]. - No related party asset or equity acquisitions or sales occurred during the reporting period[104]. - No joint external investment related party transactions took place during the reporting period[105]. - There were no related party debt transactions during the reporting period[106]. - The company provided no guarantees to shareholders, actual controllers, or related parties[133]. - There were no other significant matters requiring explanation during the reporting period[138].