Palm(SZ:002431)2022-08-19 16:00Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥1.61 billion, a decrease of 42% compared to ¥2.77 billion in the same period last year[19]. - The net profit attributable to shareholders was a loss of approximately ¥282.61 million, a significant decline of 1,895.55% compared to a profit of ¥15.74 million in the previous year[19]. - The net cash flow from operating activities was approximately ¥30.75 million, down 13.64% from ¥35.61 million in the same period last year[19]. - The basic earnings per share were -¥0.19, reflecting a decrease of 2,000% compared to ¥0.01 in the previous year[19]. - The total revenue for the first half of 2022 was CNY 1,605,906,608.33, representing a 42.00% decrease compared to CNY 2,768,967,691.70 in the same period last year[47]. - The net loss for the first half of 2022 was CNY 297,757,222.22, compared to a net profit of CNY 13,542,434.10 in the first half of 2021[180]. - The company's total equity decreased to CNY 3,947,635,073.04 from CNY 4,192,641,574.45, reflecting a decline of approximately 6%[177]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥17.64 billion, a slight decrease of 0.22% from ¥17.68 billion at the end of the previous year[19]. - The total assets as of June 30, 2022, were 17,643,581,145.85 yuan, a slight decrease from 17,681,727,368.47 yuan at the beginning of the year[172]. - The total liabilities increased to 13,989,252,313.31 yuan from 13,736,515,232.46 yuan at the beginning of the year[172]. - The company's inventory decreased by 6.5% to 985,619,310.00 yuan compared to the end of the previous year[170]. - The company's retained earnings showed a significant decline, reaching -500,650,143.72 yuan compared to -218,044,726.03 yuan at the end of the previous year[172]. Investment and R&D - Research and development investment increased by 14.82% to ¥86,145,115.67 from ¥75,028,227.12, indicating a commitment to innovation despite revenue challenges[46]. - The company received 9 patent authorizations and 3 new plant variety rights during the reporting period, indicating strong R&D performance[29]. - The company has established several new research divisions, including the Carbon Neutrality Research Institute, to enhance its R&D capabilities in ecological technology and green low-carbon technology[29]. Market and Project Development - During the reporting period, the company won 5 major project bids, including the "Zhu Xian Town Green Life Rural Revitalization Demonstration Project" and the "Kailu County Yellow River Bay Rural Revitalization Project" among others[26]. - The company is actively involved in rural revitalization projects, which are expected to become a new growth driver for the cultural tourism industry[33]. - The company has established a comprehensive ecological town business model, which includes four core product lines: rural revitalization, urban renewal, cultural commerce, and tourism[43]. Financial Management and Risks - The company has acknowledged various risks in its operations and has outlined corresponding countermeasures in the report[4]. - The company is addressing risks related to macroeconomic changes, including tightening financial regulations and the ongoing impact of the COVID-19 pandemic[83]. - The company is focusing on improving management levels and internal controls to mitigate risks in its traditional ecological environment business[84]. - The company plans to enhance cash flow management and diversify financing methods to address funding pressure in the capital-intensive landscaping industry[87]. Shareholder and Equity Information - The total number of shareholders at the end of the reporting period was 105,564, with significant shareholders including 河南省豫资保障房管理运营有限公司 holding 13.10% and 南京栖霞建设股份有限公司 holding 11.75%[146]. - The largest shareholder, 河南省豫资保障房管理运营有限公司, held 194,731,418 shares, representing 13.10% of total shares[147]. - The company has not reported any significant changes in the measurement attributes of its major assets during the reporting period[57]. Corporate Governance - The company has undergone changes in its board of directors, with new appointments including Wang Gengchao as Chairman and Zhang Qiya as Finance Director[94]. - The half-year financial report has not been audited[109]. - The company has not faced any administrative penalties for environmental issues during the reporting period[99].