LPSK(SZ:002333)2020-08-24 16:00Financial Performance - The company's operating revenue for the first half of 2020 was ¥255,457,730.01, a decrease of 28.29% compared to ¥356,254,588.92 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was -¥19,445,752.95, representing a decline of 135.96% from ¥54,079,980.70 in the previous year[16]. - The net cash flow from operating activities was -¥17,774,138.36, an improvement of 32.62% compared to -¥26,379,389.92 in the same period last year[16]. - The total assets at the end of the reporting period were ¥1,336,668,863.61, a decrease of 1.94% from ¥1,363,055,516.16 at the end of the previous year[16]. - The net assets attributable to shareholders of the listed company were ¥1,247,113,433.33, down 1.54% from ¥1,266,559,186.28 at the end of the previous year[16]. - The basic earnings per share for the reporting period was -¥0.0387, a decrease of 135.97% compared to ¥0.1076 in the same period last year[16]. - The weighted average return on net assets was -1.54%, down 5.54% from 4.00% in the previous year[16]. - The net profit after deducting non-recurring gains and losses was -¥21,558,171.14, an improvement of 27.96% from -¥29,925,382.75 in the previous year[16]. - The company reported a significant decrease in investment cash flow, which was -¥102,142,749.66, down 165.28% from ¥156,479,480.04 in the previous year[34]. - The company reported a total profit loss amounted to CNY 20.09 million, a year-on-year decline of 138%[30]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The total number of ordinary shareholders at the end of the reporting period was 11,763[96]. - The largest shareholder, Ropsk Holdings, held 35.61% of shares, with a decrease of 15 million shares during the reporting period[96]. - The second-largest shareholder, Zhongyi Feng Holdings Group, held 29.84% of shares, with an increase of 15 million shares during the reporting period[96]. - The company’s total share capital at the end of the reporting period was 502,603,600 shares[94]. - The company did not have any preferred shares or convertible bonds during the reporting period[99][102]. - The company did not implement any equity incentive plans or employee stock ownership plans during the reporting period[69]. Operational Developments - The company aims to optimize its internal management structure to enhance operational efficiency and market competitiveness[30]. - The company plans to focus on the construction engineering market to drive sales growth through strategic partnerships with key clients[31]. - The company introduced a new controlling shareholder, Zhongyi Feng Holdings Group, to enhance sustainable development of its main business[30]. - The company added 11 new patents during the reporting period, including 1 utility model patent and 10 design patents[31]. - The company expects to recover approximately CNY 10 million from divesting underperforming subsidiaries, improving asset liquidity and efficiency[31]. Risk Management - The company faces risks from macroeconomic cycles, raw material price fluctuations, and market competition, particularly in the aluminum industry[57][58]. - To mitigate risks, the company plans to adjust its business strategies, enhance product quality, and optimize product structure[58]. - The company intends to issue new shares to introduce a new controlling shareholder, which will help improve management and alleviate future funding pressures[58]. Financial Health - The company's cash and cash equivalents decreased to CNY 97,461,351.18 from CNY 217,378,238.60, representing a decline of approximately 55.2%[110]. - The total current assets as of June 30, 2020, were CNY 843,915,092.38, slightly down from CNY 846,822,575.79 at the end of 2019[111]. - The company's inventory increased to CNY 111,773,649.13 from CNY 100,129,404.90, reflecting a growth of about 11.6%[110]. - The total liabilities decreased to CNY 87,979,644.27 from CNY 92,587,386.82, indicating a reduction of approximately 5.0%[112]. - The equity attributable to the owners of the parent company decreased to CNY 1,247,113,433.33 from CNY 1,266,559,186.28, a decline of about 1.5%[113]. Compliance and Governance - The semi-annual financial report was not audited[64]. - The company reported no significant litigation or arbitration matters during the reporting period[66]. - There were no penalties or rectification situations reported for the company during the reporting period[67]. - The company and its controlling shareholders did not have any unfulfilled court judgments or significant overdue debts during the reporting period[68]. - The company did not engage in any significant related party transactions involving asset or equity acquisitions or sales during the reporting period[71]. Accounting Policies - The company prepares consolidated financial statements based on the financial statements of the parent and its subsidiaries, following relevant accounting standards[160]. - Cash and cash equivalents include cash on hand and deposits that are readily available for payment, with cash equivalents being short-term, highly liquid investments[164]. - The company classifies financial assets based on its management model and cash flow characteristics, including those measured at amortized cost and those measured at fair value[167]. - The company measures expected credit losses based on the original effective interest rate, considering all reasonable and supportable information, including forward-looking information[171]. - The company recognizes long-term equity investments at initial cost, adjusting for the fair value of identifiable net assets at the time of investment[189].