HNHD(SZ:002163)2022-08-24 16:00Financial Performance - The company's operating revenue for the reporting period was ¥1,374,226,816.09, a decrease of 17.15% compared to ¥1,658,696,748.11 in the same period last year[28]. - The net profit attributable to shareholders was a loss of ¥57,286,616.47, representing a decline of 290.85% from a profit of ¥30,015,813.27 in the previous year[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥58,846,436.84, a decrease of 452.08% compared to a loss of ¥10,659,136.58 last year[28]. - The net cash flow from operating activities was a negative ¥321,861,462.46, worsening by 38.34% from a negative ¥232,665,270.16 in the previous year[28]. - Basic earnings per share were -¥0.07, down 275.00% from ¥0.04 in the same period last year[28]. - The company's operating costs were ¥1,262,058,036.29, down 9.71% from ¥1,397,767,754.22 year-on-year[62]. - Total operating revenue decreased by 17.15% to CNY 1,374,226,816.09 from CNY 1,658,696,748.11 in the same period last year[66]. - Domestic revenue decreased by 19.10% to CNY 1,236,814,213.46, while export revenue decreased by 22.03% to CNY 177,066,813.05[66]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,132,096,719.76, an increase of 5.62% from ¥5,805,779,804.99 at the end of the previous year[28]. - The net assets attributable to shareholders increased by 58.83% to ¥1,431,454,438.63 from ¥901,251,516.33 at the end of the previous year[28]. - Cash and cash equivalents at the end of the reporting period amounted to ¥1,176,887,632.36, representing 19.19% of total assets, an increase of 4.95% from the previous year[75]. - Accounts receivable decreased to ¥594,936,513.09, accounting for 9.70% of total assets, a decline of 4.29% due to decreased revenue[75]. - Contract assets increased to ¥1,144,743,175.98, making up 18.67% of total assets, an increase of 2.16%[75]. - Short-term borrowings rose to ¥914,302,416.67, representing 14.91% of total liabilities, a slight increase of 0.11%[75]. Cash Flow - Net cash flow from operating activities decreased by 38.34% to CNY -321,861,462.46, mainly due to a decline in revenue and reduced collections[65]. - Net cash flow from financing activities increased significantly by 4,899.51% to CNY 628,317,108.98, primarily due to funds raised during the period[65]. - The net increase in cash and cash equivalents was CNY 297,632,075.53, a 218.24% increase compared to the previous period[65]. Business Operations - The company has established modern research and production bases in multiple locations, including Shenzhen, Beijing, and Shanghai, focusing on three main business areas: curtain wall and interior decoration engineering, photovoltaic glass, and deep processing of special glass[38]. - The company focuses on the dual main business of curtain walls and interior decoration, leveraging brand advantages and major customer resources to drive growth in the Hainan and Greater Bay Area regions[53]. - The company has established a comprehensive R&D, procurement, production, sales, and after-sales service system, primarily adopting a "sales-driven production" business model[51]. - The company aims to enhance production management levels and reduce labor costs while improving product quality through increased automation in production lines[55]. - The company has been recognized as a "National Intellectual Property Advantage Enterprise" and has undertaken multiple national and provincial-level major scientific research projects[60]. Market and Industry Insights - The construction decoration industry in China is projected to grow from ¥5.24 trillion in 2021 to ¥5.63 trillion in 2022, reflecting a growth rate of 7.43%[38]. - The photovoltaic glass production in China is expected to reach 5.14 million tons in 2022, with a compound annual growth rate of 11.9% from 2016 to 2019[40]. Risk Management - The management highlighted potential risks and strategies to address them in the report[5]. - The company faces risks from macroeconomic conditions, including the impact of COVID-19 on global supply chains and rising prices of natural gas and raw materials, which may lead to project suspensions or cancellations[96]. - The company is implementing strategies to mitigate risks from rising energy and raw material prices by locking in prices for certain materials and enhancing production management to reduce costs[97]. - The company is actively monitoring customer financial health to manage accounts receivable and has implemented measures to ensure timely collections[98]. Environmental and Social Responsibility - The company has established pollution control facilities that are operating normally and has obtained environmental impact assessment reports and discharge permits[110][111]. - The company has implemented measures to reduce carbon emissions, although specific effects are not detailed[116]. - The company has actively participated in pandemic prevention efforts, earning recognition as an excellent party organization in the fight against COVID-19[116]. Shareholder and Corporate Governance - The total number of ordinary shareholders at the end of the reporting period was 68,045, with the largest shareholder, Hainan Development Holdings, holding 30.69% of shares[190]. - The company’s management changes included Zhang Tingting, who left her position as chair of the supervisory board, holding 300 shares at the end of the period[200]. - The company has maintained normal performance of commitments made by controlling shareholders and related parties[119]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[129].