*ST广田(002482) - 2020 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2020 was ¥4,354,601,940.09, a decrease of 23.73% compared to ¥5,709,449,962.69 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥30,205,046.09, down 82.75% from ¥175,062,261.96 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was ¥27,021,801.82, a decrease of 74.40% compared to ¥105,556,268.18 in the previous year[18]. - The basic earnings per share were ¥0.02, down 81.82% from ¥0.11 in the same period last year[18]. - The diluted earnings per share were also ¥0.02, reflecting the same decline of 81.82% compared to ¥0.11 year-on-year[18]. - The weighted average return on net assets was 0.43%, a decrease of 2.03% from 2.46% in the previous year[18]. - The company reported a significant decrease in accounts receivable, which fell to CNY 3,516,249,397.26 from CNY 8,900,433,078.97, a decline of 60.4%[149]. - The company reported a net loss of CNY 46,118,389.71 for the current period[180]. Cash Flow - The net cash flow from operating activities was ¥563,299,050.24, an increase of 154.90% compared to a negative cash flow of ¥1,026,056,707.94 in the same period last year[18]. - The company reported a significant increase in cash flow from operating activities, totaling CNY 5.10 billion, compared to CNY 4.32 billion in the first half of 2019[162]. - The total cash inflow from operating activities reached ¥5,423,565,596.03, while cash outflow was ¥4,860,266,545.79, resulting in a net cash inflow[163]. - The cash flow from operating activities showed a net inflow of ¥566,439,579.71, compared to a net outflow of ¥1,008,112,689.77 in the first half of 2019[167]. Assets and Liabilities - The total assets at the end of the reporting period were ¥23,050,502,537.00, a decrease of 5.70% from ¥24,444,193,026.03 at the end of the previous year[18]. - The company's cash and cash equivalents at the end of the period were ¥3,296,578,891.25, a slight decrease in proportion to total assets[56]. - The total current liabilities amounted to CNY 14,166,973,146.48, down from CNY 14,837,923,709.87, indicating a decrease of about 4.50%[146]. - The total liabilities at the end of the current period were 1,165 million RMB, indicating a manageable debt level relative to equity[171]. Market Position and Strategy - The company holds the leading market share in the residential fine decoration sector, with a nationwide market share ranking first, and plans to expand into maintenance and repair services for existing homes due to policy adjustments and slowing real estate growth[30]. - The company aims to leverage the policy advantages of the Guangdong-Hong Kong-Macao Greater Bay Area and the Shenzhen Special Economic Zone to promote long-term development[32]. - The company plans to continue adjusting its business structure and enhance assembly decoration projects in the second half of 2020[47]. Research and Development - Research and development investment decreased by 41.66% to CNY 94.74 million, primarily due to reduced R&D activities impacted by the pandemic[49]. - The company has incubated a total of 468 national patents and software copyrights, demonstrating its strong capabilities in technological innovation and research and development[33]. - The company actively promoted assembly-type decoration and launched over 10 new patents related to assembly interior decoration[44]. Compliance and Governance - The half-year financial report has not been audited, which may affect the reliability of the financial data presented[83]. - The company has made commitments to prevent the misuse of funds by its controlling shareholders, ensuring financial integrity[82]. - The company has not reported any penalties or corrective actions during the reporting period, reflecting compliance with regulatory standards[88]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 23,204[125]. - Guangtian Holdings Group holds 39.71% of shares, totaling 610,395,398 shares, with 175,680,000 shares pledged[125]. - The employee stock ownership plan (ESOP) was approved by the board on February 1, 2018, and the total subscription limit for non-director employees was adjusted from 166.6 million CNY to 154.2 million CNY[90].