*ST广田(002482) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,635,953,708.66, a decrease of 67.30% compared to ¥5,002,895,233.75 in the same period last year[25] - The net profit attributable to shareholders of the listed company was -¥235,533,776.91, a decline of 638.11% from ¥43,770,685.64 in the previous year[25] - The net cash flow from operating activities was -¥892,727,580.28, down 187.13% from ¥1,024,615,600.50 in the same period last year[25] - The basic earnings per share were -¥0.15, a decrease of 600.00% compared to ¥0.03 in the previous year[25] - Total assets at the end of the reporting period were ¥14,324,312,239.93, a decrease of 11.68% from ¥16,218,959,279.97 at the end of the previous year[25] - The net assets attributable to shareholders of the listed company were ¥287,832,947.63, down 45.15% from ¥524,757,928.74 at the end of the previous year[25] - The weighted average return on net assets was -57.87%, a decline of 58.57% compared to 0.70% in the previous year[25] - The company reported a net profit excluding non-recurring gains and losses of -¥236,033,290.10, a decrease of 634.10% from ¥44,192,472.55 in the previous year[25] - The company faced significant liquidity pressure due to the debt default of its largest customer, leading to a sharp decline in new orders[35] Operational Challenges - The company faced significant operational risks and has outlined measures to address these risks in the report[6] - The company is actively optimizing its management structure to reduce operational costs and improve asset recovery efforts[37] - The company maintains close communication with clients and suppliers to ensure project delivery despite liquidity challenges[40] - The company is focused on maintaining its operational health and protecting investor interests amid these challenges[121] - The company is actively pursuing debt recovery and has established a dedicated team to manage asset preservation through negotiations and legal actions[87] Research and Development - The company has developed over 400 patents and software copyrights, focusing on technological innovation in modular construction and BIM technology[47] - The GT-Assembly 3.0 product was officially completed in September 2020, integrating various modules and advanced technology systems[47] - Research and development expenses decreased by 63.87% to ¥45,583,252.13 from ¥126,159,618.34 year-on-year[53] Financial Obligations and Guarantees - The company has provided guarantees totaling 56 million yuan for Shenzhen Hetian Construction Engineering Labor Service Co., with a guarantee period extending three years after the main contract obligations are fulfilled[150] - The company has a related party debt of 490 million yuan to Guangtian Holding Group, with an interest rate of 6.00%, and a balance of 139.92 million yuan at the end of the period[140] - The total approved external guarantee amount during the reporting period is 123,800, with an actual occurrence of 34,100[180] - The total approved external guarantee amount at the end of the reporting period is 117,830, which accounts for 409.37% of the company's net assets[181] - The actual guarantee balance for subsidiaries at the end of the reporting period is 50,580[180] Legal and Regulatory Issues - The company is under risk warning from the Shenzhen Stock Exchange due to potential bankruptcy restructuring, which could lead to delisting if unsuccessful[86] - The company has ongoing litigation concerning construction contract disputes, with amounts in dispute including 13.06 million yuan and 12.03 million yuan for different cases[127] - The company has initiated legal proceedings against Shanghai Rongxin Decoration Co., Ltd. and others for unpaid equity repurchase payments totaling RMB 12.61 million, with the case currently under review by the Shenzhen Intermediate People's Court[186] - The company has a pending lawsuit against Qingdao Panlong Real Estate Development Co., Ltd. for a loan of RMB 50 million, which has been overdue, with the case currently in execution proceedings[191] Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[6] - The company has a comprehensive regulatory framework to protect shareholder rights, ensuring accurate and timely information disclosure[104] - The company emphasizes employee rights protection by providing competitive compensation and improving working conditions through ISO14001 and OHSAS18001 certifications[105] - The company reported a participation rate of 62.35% in its annual shareholder meeting held on May 20, 2022[93] Community Engagement - The company has been involved in community service, with 127 volunteers participating in pandemic relief efforts, serving over 20,000 citizens since March 2022[107]