ZZDC(SZ:000753)2021-08-20 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,222,692,484.01, representing a 2.20% increase compared to CNY 1,196,407,033.28 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 66,447,519.82, an increase of 10.35% from CNY 60,216,525.60 year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 423.74% to CNY 47,660,375.80 from CNY 9,099,951.55 in the previous year[18]. - The basic earnings per share increased by 10.38% to CNY 0.0670 from CNY 0.0607 in the same period last year[18]. - The company's total revenue for the reporting period was ¥1,222,692,484.01, representing a year-over-year increase of 2.20% compared to ¥1,196,407,033.28 in the same period last year[36]. - The company's net profit for the first half of 2021 was not explicitly stated but can be inferred from the increase in retained earnings, which rose to CNY 694,121,816.66 from CNY 516,248,885.14 in the previous year, indicating a significant improvement[150]. - The company's net profit for the current period is CNY 133,362,673.35, which is a positive indicator of performance[170]. Asset and Liability Management - The company's total assets increased by 4.07% to CNY 7,385,779,395.41 compared to CNY 7,096,887,426.61 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company rose by 1.18% to CNY 2,491,690,788.63 from CNY 2,462,582,278.02 at the end of the previous year[18]. - Cash and cash equivalents decreased by 5.84% to CNY 549.11 million, accounting for 7.43% of total assets[47]. - Accounts receivable increased to CNY 461.24 million, representing 6.24% of total assets, up from 5.42%[47]. - Inventory rose by 18.66% to CNY 1.45 billion, now 19.61% of total assets[47]. - Short-term borrowings increased by 20.14% to CNY 788.93 million, making up 10.68% of total assets[47]. - Long-term borrowings increased by 31.14% to CNY 1.34 billion, representing 18.13% of total assets[47]. - The total liabilities and equity amounted to CNY 7,385,779,395.41 as of June 30, 2021, up from CNY 7,096,887,426.61 at the end of 2020, indicating a growth of about 4.1%[147]. Cash Flow Analysis - The net cash flow from operating activities was negative at CNY -454,438,608.12, a decline of 285.66% compared to CNY 244,775,281.57 in the previous year[18]. - The net cash flow from investing activities improved to -¥409,175,967.47 from -¥859,686,850.19, indicating reduced investment outflows[36]. - The net cash flow from financing activities decreased by 36.25% to ¥502,984,523.86 from ¥788,934,853.36, primarily due to a reduction in bank loans obtained[36]. - The company experienced a net cash outflow from operating activities of CNY -454,438,608.12, contrasting with a net inflow of CNY 244,775,281.57 in the first half of 2020[160]. - The cash inflow from operating activities was 233,087,155.35 yuan in the first half of 2021, down from 421,319,064.11 yuan in the first half of 2020, reflecting a decline of about 44.6%[163]. Business Segment Performance - The water business achieved operating revenue of 223 million yuan, a year-on-year increase of 22.67%, driven by increased water sales and the operation of new sewage treatment projects[25]. - The automotive business reported operating revenue of 748 million yuan, a year-on-year growth of 16.89%, despite a net loss of 17.41 million yuan due to brand adjustments and inventory clearance[26]. - The real estate business generated operating revenue of 95.31 million yuan, a decline of 39.69% year-on-year, primarily due to most projects being in the construction phase[29]. - The engineering construction business generated revenue of CNY 202 million, a decrease of 17.21% year-on-year, mainly due to reduced income from urban river remediation projects[32]. Investment and Project Development - The company is actively participating in land bidding activities and managing project quality, progress, safety, and costs effectively in the real estate sector[29]. - The company has made significant progress in expanding its water supply area through urban-rural integration projects, securing contracts for 20 years of operation and maintenance[25]. - The company is involved in multiple ongoing projects, including the South Jin County rural sewage treatment facility with a total investment of CNY 67.41 million[54]. - The company participated in the PPP project for the comprehensive treatment of urban river water environment in Zhangzhou, with a total estimated investment of CNY 2.718 billion[56]. Corporate Governance and Compliance - The company has not reported any significant penalties or corrective actions during the reporting period[106]. - The company has not engaged in any major related party transactions during the reporting period[107]. - The company has not sold any significant assets or equity during the reporting period[79]. - The company has received necessary environmental approvals for its projects, with the latest approvals obtained in 2020[95]. Shareholder and Equity Information - The company distributed a cash dividend of CNY 0.30 per share, totaling CNY 29,744,432.13, as approved in the 2020 annual shareholders' meeting[88]. - The company’s total shares remain at 991,481,071, with no changes in the shareholding structure reported[129]. - The largest shareholder, Fujian Zhanglong Group Co., Ltd., holds 27.55% of shares, totaling 273,180,885 shares[132]. - The total number of common shareholders at the end of the reporting period is 56,205[131]. Environmental and Social Responsibility - The company actively participates in local poverty alleviation and rural revitalization efforts, including water supply integration projects[100]. - Environmental monitoring is conducted by third-party companies, ensuring compliance with discharge standards[97]. - The company has implemented emergency response plans for environmental incidents, with updates currently in progress[96].