*ST惠天(000692) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,046,380,478.06, representing a 3.98% increase compared to ¥1,006,373,369.53 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -¥27,931,970.97, an improvement of 86.10% from -¥200,986,883.65 in the previous year[20]. - The basic earnings per share improved to -¥0.0524 from -¥0.3772, reflecting an 86.11% increase[20]. - The weighted average return on net assets was -10.26%, an improvement of 7.12 percentage points from -17.38% in the previous year[20]. - The company reported a net loss of CNY 888,163,743.86 in retained earnings as of June 30, 2021, compared to a loss of CNY 860,231,772.89 at the end of 2020[120]. - The company reported a net loss of CNY 27,870,189.49 for the first half of 2021, an improvement from a net loss of CNY 201,559,338.44 in the same period of 2020[124]. - The total comprehensive income for the period decreased by CNY 27,931,970.97, reflecting a significant decline in profitability[138]. - The total comprehensive income for the current period decreased by CNY 78,607,490.19, reflecting a significant decline compared to the previous period[145]. Cash Flow and Investments - The net cash flow from operating activities was -¥440,473,477.26, which is a decrease of 13.58% compared to -¥387,796,433.23 in the same period last year[20]. - The company achieved a net cash flow from investment activities of CNY 269,661,753.26, a substantial increase of 1,207.03% from a net outflow of CNY 24,359,064.18 in the previous year[33]. - Cash flow from financing activities generated a net inflow of 180,679,104.35 yuan, down from 467,813,047.65 yuan in the first half of 2020, indicating a decrease of approximately 61.4%[131]. - The company recorded a significant increase in cash inflow from investment activities, totaling 318,205,170.00 yuan, compared to only 5,282.00 yuan in the same period last year[130]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,615,076,048.61, down 7.71% from ¥5,000,795,830.54 at the end of the previous year[20]. - The company's total liabilities increased to CNY 2,468,025,652.94 from CNY 2,389,943,734.81, reflecting a growth of approximately 3.3%[124]. - The company's total liabilities decreased to CNY 4,283,702,517.96 from CNY 4,645,877,052.13, a reduction of about 7.8%[120]. - The company's short-term borrowings were CNY 1,609.00 million, representing 34.86% of total liabilities[41]. Revenue Segments - The heating segment accounted for 98.58% of total operating revenue, with a slight increase of 2.63% year-on-year[35]. - The company's total revenue for the heating segment was approximately CNY 1,031.51 million, representing a year-on-year increase of 2.63%[37]. - Revenue from the heating engineering segment decreased by 93.89% year-on-year due to a reduction in business volume[38]. - The company reported a significant increase in revenue from entrusted operations, which rose by 1,083.80% year-on-year, attributed to new business activities[37]. Cost Management - The operating cost decreased by 9.32% to CNY 1,017,724,764.40 from CNY 1,122,317,706.22, indicating effective cost control measures[33]. - The company incurred a total operating expense of 693,928,182.99 yuan, which is an increase from 663,058,180.97 yuan in the previous year, reflecting a rise of about 4.1%[130]. Environmental Compliance - The company is classified as a key pollutant discharge unit by the environmental protection department[64]. - Total emissions of sulfur dioxide from various plants reached 215.13 tons, with some exceeding the emission standard of 30 mg/m³[64]. - The company faced a fine of 200,000 yuan for non-compliance with air pollution prevention measures due to equipment malfunction[67]. - The company has implemented upgrades to pollution control facilities, achieving compliance with environmental discharge standards[64]. Shareholder Information - The largest shareholder, Shenyang Heating Group Co., Ltd., holds 35.10% of the shares, totaling 187,050,118 shares, with 93,000,000 shares pledged[106]. - The company reported a total of 32,429 common stock shareholders at the end of the reporting period[106]. - The company did not distribute cash dividends or issue new shares during the reporting period[60]. Strategic Initiatives - The company has implemented internal reforms to enhance operational efficiency and reduce costs, focusing on energy-saving indicators for key costs such as coal, water, electricity, and heat[28]. - The company has developed a strategic coal procurement plan in response to rising coal prices due to supply-demand imbalances exacerbated by the pandemic and international conditions[29]. - The company is actively researching and developing new technologies and equipment to align with national energy-saving and environmental protection trends, enhancing its profitability and corporate image[30]. Legal and Compliance Issues - The company faced 33 contract dispute cases, with a total compensation of 30,485,500 CNY already paid[77]. - The company is involved in ongoing litigation related to a loan contract dispute with an associate company[96]. - The company has not reported any non-compliance issues regarding the use of non-operating funds by major shareholders[70]. Financial Reporting and Accounting - The company's financial statements are prepared based on the going concern principle and comply with the relevant accounting standards[158]. - The company’s accounting policies and estimates are in accordance with the enterprise accounting standards, ensuring accurate financial reporting[160]. - The company uses RMB as its functional currency for financial reporting[164].