ST雪发(002485) - 2020 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2020 was ¥671,176,184.18, a decrease of 60.51% compared to ¥1,699,665,664.20 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was a loss of ¥35,144,107.87, representing a decline of 591.23% from a profit of ¥7,154,299.91 in the previous year[17]. - The net cash flow from operating activities was a negative ¥216,962,086.45, a significant drop of 1,849.27% compared to a negative ¥11,130,410.28 in the same period last year[17]. - The basic earnings per share were -¥0.0646, down 589.39% from ¥0.0132 in the previous year[17]. - The company reported a significant decrease of 66.94% in other business income, mainly due to reduced income from cultural tourism projects[41]. - The company reported a total comprehensive loss of approximately -¥16.76 million for the first half of 2020, compared to -¥7.98 million in the same period of 2019[144]. - The company experienced a net loss of 1,675.6 million, indicating a significant decline in profitability[163]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,837,063,184.08, an increase of 2.29% from ¥3,751,250,255.63 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company decreased by 1.39% to ¥2,282,157,473.72 from ¥2,314,334,208.41 at the end of the previous year[17]. - Total liabilities increased to CNY 1,459,191,225.04 as of June 30, 2020, compared to CNY 1,332,776,072.31 at the end of 2019, marking an increase of approximately 9.5%[132]. - The company's total liabilities increased to CNY 687,138,531.89 in the first half of 2020, up from CNY 532,887,768.38 in the same period of 2019[137]. - The company has a total of ¥1,391,753,652.38 in restricted assets, primarily due to loan collateral[49]. Revenue Breakdown - The cultural tourism business generated revenue of ¥74,227,016.09, down 93.96% year-on-year, with an operating profit of ¥16,247,190.11, a decline of 86.99%[33]. - The apparel business reported revenue of ¥377,563,627.68, a decrease of 13.15% year-on-year, with an operating profit of ¥63,378,259.65, down 1.23%[33]. - The company's tourism revenue decreased by 93.96% compared to the same period last year, primarily due to the impact of the pandemic on tourism operations[40]. - Domestic sales reached ¥568,039,001.23, a 14.15% increase year-on-year, while overseas sales grew by 1.65% to ¥91,021,978.00[40]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has initiated exploration into bulk commodity supply chain business, although this remains in the early stages with significant uncertainty for future development[34]. - The company plans to enhance its operational capabilities and profitability through various strategic initiatives[80]. - The company is closely monitoring the development of the COVID-19 pandemic and its impact on the macroeconomic environment and policies[60]. - The company plans to sell or lease up to 28 properties with a total book value not exceeding 850 million RMB based on market prices[85]. Market Outlook - The company has outlined a future outlook projecting a revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[156]. - The company provided a future outlook, projecting a revenue growth of 8% for the next quarter, aiming for $4.63 billion[157]. - The company is investing in market expansion, targeting an increase in market share by 5% in the Asia-Pacific region[157]. - The company aims to achieve a net profit margin of 12% by the end of the next fiscal year, up from 10% in the current period[158]. Financial Support and Investments - The company has received financial support from its controlling shareholder, increasing the total amount from no more than RMB 500 million to no more than RMB 1 billion, with a borrowing period of 24 months[80]. - The company invested 2.1 million RMB in bank financial products using its own funds[92]. - The company has not engaged in any significant equity or non-equity investments during the reporting period[50][55]. Corporate Governance - The company appointed a new chairman and financial director, with the new chairman being Han Gang[102]. - The company has not engaged in any significant litigation or arbitration matters during the reporting period[69]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[72]. Compliance and Reporting - The financial report for the half-year period was not audited[128]. - The company follows the enterprise accounting standards, ensuring that the financial reports accurately reflect the financial position and performance as of June 30, 2020[178]. - The company’s financial reports will now comply with the new revenue standards effective from January 1, 2020[99].