ST升达(002259) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 was ¥814,597,217.30, representing a 24.69% increase compared to ¥653,301,408.13 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was -¥57,563,655.59, a decrease of 336.62% from ¥24,327,120.13 in the previous year[22]. - The company reported a basic earnings per share of -¥0.0765, a decline of 336.11% from ¥0.0324 in the same period last year[22]. - The company reported a net profit of 20 million yuan for the first half of 2022, compared to 30 million yuan in the same period last year, showing a decline of 33.33%[149]. - The total revenue for the first half of 2022 was RMB 7.837 billion, showing a significant increase compared to the previous period[156]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥34,662,644.57, which is a 32.92% increase from ¥26,077,405.20 in the same period last year[22]. - The company reported a net cash increase of ¥29,006,042.71, a significant improvement of 135.18% compared to a net decrease of ¥82,454,381.54 in the previous year[38]. - The company's operational cash flow remained stable, ensuring the ability to meet debt obligations post-restructuring[78]. - The cash and cash equivalents at the end of the period amounted to CNY 11,392.20 million, an increase of CNY 11,361.50 million compared to the beginning of the period[143]. - The company has maintained stable operating cash flow and has fulfilled debt repayment obligations during the reporting period, ensuring the ability to service restructured and extended debts[167]. Assets and Liabilities - The total assets at the end of the reporting period were ¥953,920,161.02, a decrease of 1.40% from ¥967,473,235.71 at the end of the previous year[22]. - The total liabilities rose to RMB 890,073,498.19 from RMB 843,178,766.05, indicating an increase of about 5.6%[126]. - The company's total assets decreased to CNY 1,087,071,204.23 in the first half of 2022 from CNY 1,092,534,252.56 in the previous year[130]. - The total liabilities increased to CNY 1,002,055,416.56 in the first half of 2022, compared to CNY 933,722,476.91 in the same period of 2021[130]. - The total amount of other payables totaling CNY 545,121,083.40, which increased from CNY 515,034,467.39 in the previous year[130]. Business Operations - The main business of the company is natural gas liquefaction processing, with multiple subsidiaries involved in the natural gas business[30]. - The company's LNG business performance is influenced by upstream pricing mechanisms, product storage capacity, international LNG prices, and demand from urban gas, industrial, and transportation sectors[31]. - The company expanded its sales radius to the eastern coastal regions in response to market changes and challenges[34]. - The company implemented refined management practices to optimize production processes and reduce costs amid rising raw material prices[35]. - The company plans to expand its market presence and invest in new product development, although specific figures were not provided[146]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period was 18,510[110]. - The largest shareholder, Huabao Trust, holds 28.33% of the shares, totaling 213,115,525 shares[110]. - The total equity attributable to shareholders decreased from RMB 114,704,700.75 to RMB 55,060,142.42, a decline of approximately 52.0%[126]. - The ending balance of equity attributable to shareholders is 752.3 million yuan, compared to 757.3 million yuan in the previous year[152]. - The company has not issued any new shares or conducted any share buybacks during the reporting period[108]. Legal and Compliance Issues - The company is currently facing significant risks due to litigation related to the former controlling shareholder's fund occupation issues[5]. - The company reported that the original controlling shareholder, Shengda Group, has illegally occupied CNY 1.15 billion of the listed company's funds, which the company is actively pursuing through legal means[58]. - The company is involved in multiple ongoing lawsuits related to financial disputes and securities false statement liability[101]. - The company has appointed new senior management, including a new general manager and financial director[99]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[72]. Strategic Initiatives and Future Outlook - The company aims to achieve better operational results in 2022 while strengthening compliance and management foundations[59]. - The company is focusing on enhancing its operational efficiency and exploring potential mergers and acquisitions to drive growth[146]. - The company has initiated research and development for new technologies to improve product offerings and customer satisfaction[149]. - The company plans to continue expanding its market presence and product offerings in the LNG sector[162]. - The company is actively reducing its debt scale through debt restructuring and is seeking debt extensions[168]. Financial Reporting and Standards - The semi-annual financial report has not been audited[76]. - The financial statements are prepared on a going concern basis, which is deemed reasonable[169]. - The company adheres to the enterprise accounting standards, ensuring that financial statements accurately reflect its financial position, operating results, and cash flows[171]. - The accounting period for the company runs from January 1 to December 31 each year[172]. - The company uses Renminbi as its functional currency for accounting purposes[174].