huasi(SZ:002494)2020-08-25 16:00Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥106.98 million, a decrease of 54.75% compared to ¥236.44 million in the same period last year[17]. - The net profit attributable to shareholders of the listed company was a loss of approximately ¥17.48 million, representing a decline of 244.94% compared to a profit of ¥12.06 million in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of approximately ¥68.00 million, a decrease of 840.19% compared to a profit of ¥9.19 million in the same period last year[17]. - The total profit for the period was -¥21,735,523.37, representing a decline of 254.99% year-on-year[35]. - The net profit attributable to shareholders was -¥17,479,881.97, down 244.94% from the same period last year[35]. - The company reported a net profit forecast for the period from January to September 2020 to be between -RMB 9,500,000 and -RMB 8,500,000, indicating a significant decline of 1,173.49% year-on-year[56]. - The net loss for the first half of 2020 was ¥19,751,493.74, compared to a net profit of ¥9,781,302.32 in the first half of 2019, indicating a significant decline in profitability[121]. - The total comprehensive loss for the first half of 2020 was ¥18,823,767.66, compared to a comprehensive income of ¥9,864,491.34 in the same period of 2019[122]. - The company’s management indicated a focus on cost reduction and efficiency improvements in response to the significant decline in revenue[121]. Cash Flow and Liquidity - The net cash flow from operating activities was approximately ¥1.08 million, a significant improvement from a negative cash flow of ¥176.19 million in the previous year, marking a 100.61% increase[17]. - The company's cash and cash equivalents at the end of the reporting period were RMB 286,731,750.59, down from RMB 328,140,629.89 at the same time last year[44]. - The ending balance of cash and cash equivalents as of June 30, 2020, was ¥286,731,750.59, down from ¥159,382,246.94 at the end of the first half of 2019[130]. - Total cash inflow from operating activities decreased to ¥180,885,336.10 in 2020 from ¥193,691,950.25 in 2019, reflecting a decline of approximately 6.6%[129]. - Cash outflow from operating activities also decreased to ¥179,807,329.99 in 2020 from ¥369,885,910.07 in 2019, indicating a reduction of about 51.5%[129]. - The net cash flow from investing activities was -¥3,187,296.52 in the first half of 2020, an improvement from -¥9,465,566.97 in the same period of 2019[130]. - Cash paid for purchasing goods and services decreased to ¥124,628,219.53 in 2020 from ¥275,168,767.61 in 2019, a reduction of approximately 54.7%[129]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥2.52 billion, a decrease of 0.57% from ¥2.54 billion at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were approximately ¥1.88 billion, down 0.86% from ¥1.89 billion at the end of the previous year[17]. - Total liabilities increased from CNY 648,460,433.47 to CNY 652,736,233.24, an increase of about 0.42%[113]. - Current liabilities decreased from CNY 484,952,344.68 to CNY 477,132,624.35, a decline of approximately 1.69%[113]. - Non-current liabilities increased from CNY 163,508,088.79 to CNY 175,603,608.89, an increase of about 7.77%[113]. - The company has significant liabilities, with short-term borrowings reduced to RMB 10,035,526.70 from RMB 101,706,734.33, primarily due to repayment of bank loans[44]. Investment and Development - Research and development investment decreased by 37.43% to ¥4,028,053.01 due to the impact of the pandemic[38]. - The company plans to increase technological investment over the next three to five years to enhance its competitive edge and market share[26]. - The company is focused on the development of the fur fashion industry, emphasizing innovation and service platform construction[25]. - The company is constructing a 130,000 square meter international fur trading center to facilitate raw material transactions in the fur industry[28]. - The company has established a breeding platform for high-quality mink in Denmark, integrating 1,700 farms to improve domestic breeding quality[28]. - The company plans to focus on high value-added products and invest in R&D to improve production processes and product quality[57]. Market and Sales - Domestic sales amounted to RMB 49,786,210.34, representing a 36.14% decline year-on-year, while export sales were RMB 24,768,299.11, down 51.31%[42]. - The OBM segment contributed ¥54,195,496.52, accounting for 50.65% of total revenue, despite a 33.02% decline year-on-year[40]. - The company's operating revenue decreased by 54.75% compared to the same period last year, primarily due to the impact of the pandemic, resulting in significant cancellations of foreign orders and a reduction in domestic brand orders[42]. - The gross profit margin for OBM products dropped by 72.45% year-on-year, while ODM products saw a decrease of 13.38%[42]. - The company’s e-commerce base aims to create a live-streaming platform for seasonal apparel, enhancing sales channels for suppliers[30]. Shareholder and Equity Information - The total number of shares is 385,560,818, with 23.48% being limited shares and 76.52% being unrestricted shares[92]. - The total number of common shareholders at the end of the reporting period is 42,831[94]. - The largest shareholder, He Guo Ying, holds 31.31% of the shares, totaling 30,180,093 common shares[95]. - The total equity attributable to the parent company at the end of the first half of 2020 was 1,888.14 million yuan, a decrease of 18.82% compared to the previous period[135]. - The total reserves decreased by 3,510,000, reflecting challenges in maintaining financial stability[138]. Risk Management and Compliance - The company has outlined potential risks and corresponding measures in its report, which investors should be aware of[4]. - The company confirmed its ability to continue as a going concern for the next 12 months without significant doubts[160]. - The financial statements comply with the accounting standards and accurately reflect the company's financial position and operating results[161]. - The company has not engaged in any major related party transactions during the reporting period[71]. - There were no significant litigation or arbitration matters during the reporting period[68]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit and has implemented various pollution control measures, including a comprehensive wastewater treatment facility with a capacity of 1600 m³/d[84]. - The company has obtained an emissions permit and all pollutants were discharged within the standards during the reporting period[85]. - There were no significant environmental incidents reported, and the company has established an emergency response plan for environmental events[86].