XZPT(SZ:002207)2021-08-29 16:00Financial Performance - The company's operating revenue for the reporting period was ¥74,574,718.45, a decrease of 3.25% compared to ¥77,076,186.44 in the same period last year[20]. - The net profit attributable to shareholders was a loss of ¥16,517,746.08, an improvement of 30.39% from a loss of ¥23,729,357.97 in the previous year[20]. - The net cash flow from operating activities was ¥16,782,779.80, a significant increase of 189.52% compared to a negative cash flow of ¥18,747,040.61 in the same period last year[20]. - The total assets at the end of the reporting period were ¥328,584,142.32, down 20.43% from ¥412,960,382.11 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 11.22%, from ¥147,059,752.78 to ¥130,562,192.25[20]. - The basic earnings per share improved to -¥0.06, a 40.00% increase from -¥0.10 in the previous year[20]. - The weighted average return on net assets was -11.90%, an improvement of 29.90% from -41.80% in the same period last year[20]. Revenue Segmentation - The industrial segment contributed ¥52,675,242.84, accounting for 70.63% of total revenue, which represents a 13.66% decline from the previous year's ¥61,011,700.84[44]. - The transportation segment saw a 32.17% increase in revenue, reaching ¥12,785,027.87 compared to ¥9,672,816.27 in the previous year[45]. - The construction segment experienced a 42.60% growth, with revenue of ¥9,114,447.74 compared to ¥6,391,669.33 in the same period last year[45]. - The company's revenue from the oil and gas extraction sector was approximately 74.57 million, a decrease of 3.25% year-over-year, with a gross margin of -23.98%[46]. - The industrial segment, including oil technology and oilfield management, reported revenue of about 52.68 million, down 13.66% year-over-year, with a gross margin of -33.57%[46]. - The transportation sector saw a revenue increase of 32.17% year-over-year, reaching approximately 12.79 million, with a gross margin of 0.51%[46]. - The construction segment's revenue increased by 42.60% year-over-year to about 9.11 million, with a gross margin of -2.86%[46]. Cash Flow and Liquidity - The company reported a net increase in cash and cash equivalents of ¥21,045,864.00, a 141.37% rise compared to a decrease of ¥48,453,551.88 in the same period last year[42]. - The total cash and cash equivalents at the end of the reporting period was ¥28,806,067.02, compared to ¥1,627,427.78 at the end of the previous year, showing a substantial increase[141]. - The company reported a significant increase in contract assets, rising to ¥53,100,287.00 from ¥9,484,682.18, an increase of approximately 460%[124]. - The cash flow from financing activities included a loan of ¥4,800,000.00, significantly lower than the ¥20,000,000.00 received in the same period last year[141]. - The total cash inflow from operating activities was ¥121,965,203.09, while cash outflow was ¥124,718,715.55, resulting in a net cash flow of -¥2,753,512.46, compared to a positive cash flow of ¥4,295,847.74 in the previous year[144]. Subsidiaries and Investments - The company registered a new subsidiary, Neng'an Zhihui, to initiate smart monitoring services in the mining sector, supported by a partnership with Zhongzhi Group[31]. - The company initiated the acquisition of 51% of Huan Yu Yi Da, which has secured contracts for continuous oil pipe operations in Bohai and South China Sea regions[31]. - The company completed the transfer of its research center's construction assets, expected to increase net profit by no more than 11.26 million yuan in the current period[34]. - The subsidiary "准油运输" turned a profit, recovering from losses due to the previous year's pandemic impact[60]. - The subsidiary "浩瀚能科" reduced its losses by 62.27% year-over-year, indicating early success in its business transformation[60]. - The subsidiary "准油天山" saw a 96.11% reduction in losses compared to the previous year, primarily due to decreased exchange losses[60]. Risks and Challenges - The company faces risks related to industry concentration, policy changes, and oil price fluctuations[5]. - The company plans to expand into high-value, technology-driven services to mitigate risks associated with industry concentration and enhance competitiveness[63]. - The oil and gas service industry is subject to policy changes and oil price fluctuations, which could impact the company's operations and profitability[64]. - The company faces risks from industry concentration, primarily relying on major clients like PetroChina and Sinopec in Xinjiang, which poses operational risks if market conditions change[63]. Corporate Governance and Compliance - The company has not distributed cash dividends or issued new shares from capital reserves for the reporting period[70]. - The company does not have any employee stock ownership plans or other incentive measures in place during the reporting period[71]. - The company is not classified as a key pollutant discharge unit and has not faced any environmental penalties during the reporting period[74]. - The company reported a total litigation amount of 51.77 million yuan related to two cases, with one case involving a claim for principal, interest, and penalties totaling 28.06 million yuan, and the other for 23.71 million yuan[82]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[78]. - There were no violations regarding external guarantees during the reporting period[79]. - The company has not undergone any bankruptcy reorganization during the reporting period[81]. - The half-year financial report has not been audited[80]. - The company has no major penalties or rectification situations during the reporting period[84]. - There were no significant related transactions during the reporting period, including daily operations, asset acquisitions, or joint investments[85][87][88]. Accounting Policies and Financial Reporting - The financial statements were prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring accuracy and completeness[171]. - The company has confirmed that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months[169]. - The company’s accounting policies include specific provisions for bad debts, inventory, fixed asset depreciation, and revenue recognition[170]. - The company uses RMB as its functional currency for accounting purposes[173]. - The company’s consolidated financial statements reflect the overall financial position and performance of the entire corporate group[174]. - The company recognizes expected credit losses for financial assets based on significant increases in credit risk since initial recognition, with provisions for losses recognized in profit or loss[188]. - The company applies a loss provision of 5% for receivables overdue within one year, increasing to 100% for receivables overdue by more than four years[191]. - Inventory is measured at the lower of cost and net realizable value, with provisions for inventory write-downs recognized in profit or loss when costs exceed net realizable value[193]. - The company uses the first-in, first-out (FIFO) method for inventory valuation upon issuance[193].