EA(SZ:002183)2019-08-01 16:00Financial Performance - The company's operating revenue for the first half of 2019 was CNY 30,336,903,665, a decrease of 17.42% compared to CNY 36,736,125,204 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 61,548,701, down 82.02% from CNY 342,281,448 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 36,373,634, a decline of 89.32% compared to CNY 340,499,448 in the same period last year[22]. - The net cash flow from operating activities was CNY 1,399,045,260, which represents a decrease of 29.78% from CNY 1,992,481,373 in the previous year[22]. - Basic earnings per share were CNY 0.03, down 81.25% from CNY 0.16 in the same period last year[22]. - The total profit for the first half of 2019 was 93 million yuan, down 79.91% year-on-year[51]. - The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was 1.094 billion yuan, down 15.78% year-on-year[51]. - The company expects a net profit decline of over 50% for the first nine months of 2019, with a projected range of RMB 5.86 million to RMB 11.71 million, compared to RMB 39.04 million in the same period last year[107]. Revenue Breakdown - The company achieved total operating revenue of 30.444 billion yuan, a decrease of 17.50% compared to the same period last year[51]. - The breadth supply chain business generated revenue of 9.925 billion yuan, an increase of 12.04% year-on-year[52]. - The deep supply chain business revenue was CNY 16.57 billion, down 20.88% year-on-year, with a gross profit of CNY 1.40 billion, a decrease of 15.87%[54][56]. - The logistics platform revenue increased by 4.04% to CNY 356.20 million, with a gross profit of CNY 51 million, up from the previous year[57]. - The global procurement platform revenue decreased by 46.59% to CNY 3.52 billion, primarily due to a significant drop in chemical business revenue[66]. - The revenue from the appliance sector was CNY 384.49 million, down from CNY 513.38 million in the previous year[56]. - The company reported a revenue of RMB 2.3 billion for its supply chain management and import-export business, with a year-on-year growth of 703%[100]. Asset and Liability Management - The total assets at the end of the reporting period were CNY 42,696,458,487, a decrease of 1.60% from CNY 43,392,231,949 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were CNY 5,951,342,830, an increase of 0.67% from CNY 5,911,802,160 at the end of the previous year[22]. - As of the end of the reporting period, cash and cash equivalents amounted to CNY 8,148,408,620, representing 19.08% of total assets, a decrease of 0.17% compared to the previous year[70]. - Accounts receivable stood at CNY 12,739,897,009, accounting for 29.84% of total assets, an increase of 0.16% year-on-year[70]. - Inventory was valued at CNY 8,086,857,778, making up 18.94% of total assets, with a slight increase of 0.07% from the previous year[70]. - Short-term borrowings decreased to CNY 17,728,485,737, which is 41.52% of total liabilities, down by 2.73% compared to the previous year[70]. - Long-term borrowings increased to CNY 1,652,622,874, representing 3.87% of total liabilities, an increase of 1.20% year-on-year[70]. Strategic Initiatives - The company is focusing on innovative business models such as cross-border financing and "distribution + marketing" to drive growth[52]. - The company plans to optimize its development strategy and management system in response to changing internal and external environments[57]. - The company aims to enhance collaboration with Shenzhen Investment Holdings to support financing and business development[57]. - The company is focusing on refining its platform management and improving resource allocation to enhance productivity[56]. - The company plans to enhance its supply chain business diversification and management precision to mitigate market risks and strengthen its competitive edge[110]. Legal Matters - The company is involved in several ongoing legal disputes with a total amount of approximately 5,000 million yuan, with no significant impact expected[128]. - The company is involved in multiple legal disputes, with claims totaling approximately 4,657.41 million and 3,600 million in two significant cases[131][134]. - The company has ongoing litigation with a total of 1,000 million in claims related to contract disputes, awaiting court decisions[140]. - The company has reported no significant impact from these legal disputes on its overall operations[131][134]. - The company is actively pursuing legal actions to recover debts, with several cases in execution phase totaling over 2,557.91 million[140]. Related Party Transactions - There are no significant related party transactions reported during the period, including asset acquisitions or sales[154][158]. - The company has provided guarantees totaling 20,000 thousand yuan and 100,000 thousand yuan for downstream micro-enterprises, with the actual guarantee amount being 1,100.63 thousand yuan[169]. - The company has a related party debt with Shenzhen Huamao Pawnshop totaling 50,000 thousand yuan, with an interest of 3,912.29 thousand yuan accrued during the period[160]. - The company has a related party debt with Shenzhen Zhongxiao Enterprise Credit Financing Guarantee Group totaling 76,000 thousand yuan, with an interest of 4,717.29 thousand yuan accrued during the period[160]. - The company has a related party debt with Shenzhen Gaoxin Investment Group totaling 95,000 thousand yuan, with an interest of 2,070 thousand yuan accrued during the period[160]. Guarantees and Liabilities - The company reported a total liability guarantee of 287,201.07 million for the period ending June 29, 2019[181]. - The company has a total of 30,000 million in liability guarantees expiring on June 16, 2018, with a duration of 3 years[181]. - A liability guarantee of 20,000 million was recorded on March 16, 2018, with a 3-year duration[181]. - The company has a guarantee amount of 10,000 for a subsidiary, with a guarantee period of 1 year[178]. - The company has a guarantee amount of 20,000 for another subsidiary, with a guarantee period of 1 year[178].