SHREG(SZ:000803)2020-08-07 16:00Financial Performance - The company's operating revenue for the reporting period was CNY 33,190,849.89, representing a 194.43% increase compared to CNY 11,272,920.58 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 2,631,869.99, a significant turnaround from a loss of CNY 49,616,561.69 in the previous year, marking a 105.30% improvement[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -16,919,091.20, which is a 46.45% reduction in losses compared to CNY -31,596,677.42 last year[18]. - The basic earnings per share were CNY 0.02, compared to a loss of CNY -0.39 per share in the same period last year, reflecting a 105.13% improvement[18]. - The diluted earnings per share were also CNY 0.02, showing the same improvement as the basic earnings per share[18]. - The weighted average return on net assets improved to -2.57%, a 78.22% increase from -80.79% in the previous year[18]. - The company reported a net profit attributable to shareholders of the parent company of -193 million yuan for 2019, with total equity of -111 million yuan as of December 31, 2019[65]. - The company achieved a net profit attributable to shareholders of 2,631,869.99 CNY in the first half of 2020[168]. - The company reported a net loss of CNY 281,242,522.33 for the first half of 2020, slightly improved from a loss of CNY 283,874,392.32 in the same period of 2019[133]. Revenue and Sales - The company achieved operating revenue of CNY 33,190,849.89, a 194.43% increase compared to the same period last year, primarily due to increased boiler sales[30]. - Revenue from product sales accounted for ¥31,681,415.93, a staggering increase of 2,709.89% from ¥1,127,495.83 in the previous year[33]. - The gross profit margin for product sales improved to 52.40%, up by 107.41% from the previous year[34]. - The revenue from the industrial IoT platform was ¥4,336,283.18, with a gross profit margin of 99.90%[36]. - Operating income from outside Sichuan province was ¥33,190,849.89, a remarkable increase of 846.31% from ¥3,507,395.97 in the previous year[33]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 996,546,506.55, an increase of 158.32% from CNY 385,774,960.90 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company were CNY 242,511,849.22, a significant increase of 318.94% from a negative net asset of CNY -110,767,672.83 at the end of the previous year[18]. - The company's total liabilities reached CNY 662,190,752.04 as of June 30, 2020, up from CNY 495,706,402.33 at the end of 2019, reflecting a growth of approximately 33.5%[133]. - The company's asset-liability ratio decreased from 128.50% to 66.45% following the acquisition of Shandong Shifang Environmental Energy Co., Ltd.[169]. Cash Flow - The net cash flow from operating activities was CNY -41,324,931.24, a decline of 166.53% from CNY 62,110,702.30 in the previous year[18]. - Operating cash flow was negative at CNY -41,324,931.24, a decline of 166.53% compared to the previous year, attributed to slower customer payments[32]. - The cash flow from operating activities showed a decline, with cash inflow decreasing from 114,591,226.09 yuan to 23,293,999.50 yuan year-on-year[151]. - The total cash inflow from financing activities was 23,440,000.00 yuan, while cash outflow was 19,291,146.31 yuan[152]. Acquisitions and Investments - The company completed the acquisition of 86.34% of Shandong Shifang Environmental Energy Co., Ltd., enhancing its core competitiveness in the energy and environmental sectors[29]. - The company completed a major asset restructuring project in 2019, acquiring 100% equity of Shifang Huaneng, which optimized its asset-liability structure[57]. - The company plans to raise up to CNY 290 million in matching funds for the acquisition of Shifang Environmental, with preliminary credit cooperation intentions of CNY 300 million from several banks[56]. - The company reported a total investment of CNY 379,006,768.65 for the reporting period, representing a significant increase of 12,533.56% compared to the previous year[47]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has a total of 7.477 billion CNY in ongoing litigation against it, with no results yet available[70]. - The total number of ordinary shareholders at the end of the reporting period was 4,646[113]. - The company issued 7,620,000 shares at a price of 7.51 on January 3, 2020[111]. - The total share capital of the company increased from 12,773.09 million CNY to 16,312.25 million CNY due to multiple capital increases[166]. Legal and Compliance Matters - The company has not faced any penalties for environmental violations during the reporting period, adhering to various environmental protection laws[94]. - The company has not experienced any bankruptcy reorganization matters during the reporting period[68]. - The company has maintained a stable financial position with no significant changes in its integrity status reported[74]. - The company has resolved a civil loan dispute by repaying 200,000 CNY in principal and 2% monthly interest since January 2016[71]. Future Outlook and Strategic Plans - The company plans to focus on promoting its core technology in organic waste resource utilization, including kitchen waste disposal and biomass energy utilization[30]. - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[155]. - The overall performance guidance for the next quarter indicates a cautious optimism with expected growth in revenue and user base[155]. - The company is actively pursuing new technology development in the field of energy management and IoT solutions, enhancing its service offerings[77].