ST鼎龙(002502) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥225,946,458.58, a decrease of 16.59% compared to ¥270,877,630.18 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥506,970.14, down 98.10% from ¥26,695,853.20 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,004,592.94, a decline of 103.87% compared to ¥25,925,452.62 in the same period last year[22]. - The net cash flow from operating activities was -¥146,971,308.56, a decrease of 174.56% from ¥197,123,847.99 in the previous year[22]. - The basic earnings per share were ¥0.0006, down 98.06% from ¥0.0310 in the same period last year[22]. - Total revenue for the reporting period was ¥225,946,458.58, a decrease of 16.59% compared to ¥270,877,630.18 in the same period last year[37]. - The net profit attributable to shareholders was 507,000 yuan, down 98.10% year-on-year, mainly due to a decline in the gross margin of the gaming business and no significant reversal of bad debt provisions in the film business[29]. - The total profit for the first half of 2021 was CNY 2,970,331.08, down from CNY 25,657,335.42 in the previous year[147]. - The comprehensive income totalled CNY 10,925,932.80 for the first half of 2021, compared to CNY 20,465,416.50 in the previous year[147]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,456,711,945.42, an increase of 8.36% from ¥2,267,190,128.42 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were ¥1,319,496,261.65, a slight increase of 0.10% from ¥1,318,182,253.27 at the end of the previous year[22]. - The company's cash and cash equivalents decreased by 10.73% to ¥180,365,568.26, primarily due to increased investments in titanium mine production and film production costs[43]. - Accounts receivable increased to ¥98,477,456.44, reflecting a 0.07% increase from the previous year[43]. - The company's inventory rose to ¥119,622,127.41, mainly due to production costs associated with filming[43]. - The total current liabilities were not specified in the provided data, but the company reported a total current asset of RMB 745,064,834.85, down from RMB 792,812,182.06, a decrease of about 6.0%[137]. - The company's non-current assets totaled RMB 1,711,647,110.57, up from RMB 1,474,377,946.36, reflecting an increase of approximately 16.1%[137]. - The total liabilities at the end of the reporting period were 789 million, indicating a stable financial position[167]. Cash Flow - The net cash flow from operating activities was -146,971,308.56 CNY, a decrease from 197,123,847.99 CNY in the previous period[154]. - Total cash inflow from operating activities amounted to 344,383,898.28 CNY, while cash outflow was 491,355,206.84 CNY, resulting in a net cash flow deficit[154]. - Cash flow from investment activities showed a net outflow of -163,520,607.38 CNY, compared to a net inflow of 75,612,241.39 CNY in the previous period[155]. - The ending balance of cash and cash equivalents decreased to 168,589,013.49 CNY from 468,895,469.19 CNY at the beginning of the period[156]. - The company reported a significant decrease in cash received from operating activities, dropping to 117,719,821.73 CNY from 523,336,078.86 CNY year-over-year[157]. Research and Development - Research and development expenses decreased by 44.09% to 5.76 million yuan, primarily due to a reduction in personnel costs[35]. - Research and development expenses for the first half of 2021 were CNY 5,760,251.56, down 44.6% from CNY 10,303,304.87 in the previous year[145]. - New product development is underway, with an investment of 72.2 million RMB allocated for R&D in the next quarter[163]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company is actively preparing for the extension and conversion of two exploration rights into mining rights, while closely monitoring ecological protection regulations[30]. - The company is expanding its operations beyond gaming and film into titanium mining, which increases management complexity and requires improved decision-making efficiency[58]. - The company has initiated a strategic acquisition plan, aiming to acquire two smaller firms to enhance its service offerings[164]. Risks and Challenges - The company has detailed the major risks it may face in the report and the corresponding countermeasures[6]. - The company is facing risks related to fluctuations in titanium concentrate prices, which are influenced by supply-demand dynamics and geopolitical factors, potentially affecting profit margins[57]. - There are risks associated with significant upfront investments in mining projects, which could lead to delays if funding is not timely secured[60]. - The gaming and film industries are facing increased regulatory scrutiny, which could impact operations if compliance is not maintained[63]. - Rising production costs in both gaming and film sectors are a concern, prompting the company to optimize resource allocation and cost control measures[66]. Shareholder Information - The company held its first extraordinary general meeting on February 2, 2021, with a participation rate of 29.40%[69]. - The second extraordinary general meeting took place on April 19, 2021, with a participation rate of 12.49%[69]. - The annual general meeting on May 21, 2021, had a participation rate of 46.36%[69]. - The company launched a restricted stock incentive plan in 2021, proposing to grant up to 62 million shares at a price of 1.36 yuan per share[74]. - The total number of ordinary shareholders at the end of the reporting period was 27,042[121]. Compliance and Governance - The semi-annual financial report was not audited[84]. - The company has not faced any administrative penalties for environmental issues during the reporting period[77]. - There were no significant litigation or arbitration matters during the reporting period[87]. - The company’s financial report was approved by the board on August 12, 2021, indicating timely financial governance[175].