LHM(SZ:002535)2021-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥232,626,104.24, a decrease of 39.78% compared to ¥386,320,356.78 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was -¥87,446,819.52, representing a decline of 844.31% from -¥9,260,405.39 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥92,999,607.26, a decrease of 249.35% compared to -¥26,621,081.79 in the same period last year[21]. - The basic and diluted earnings per share were both -¥0.1091, a decline of 840.52% from -¥0.0116 in the same period last year[21]. - The weighted average return on net assets was -11.22%, a decrease of 10.04% compared to -1.18% in the previous year[21]. - The company reported a significant decrease in cash and cash equivalents, totaling ¥176,648,723.92, down 8.45% from the previous year[46]. - The total current assets were reported at ¥2.28 billion, while current liabilities were ¥3.08 billion, indicating a potential uncertainty in the company's ability to continue as a going concern[95]. - The total equity of the company was CNY 1.20 billion, down from CNY 1.28 billion, reflecting a decrease of 5.9%[143]. - The net loss for the first half of 2021 was CNY 87.38 million, compared to a net loss of CNY 7.71 million in the first half of 2020, representing an increase in loss of 1,134.4%[146]. Cash Flow - The net cash flow from operating activities was -¥43,680,741.35, an improvement of 36.03% from -¥68,280,761.19 in the previous year[21]. - The company reported a net cash flow from operating activities of CNY -43.68 million, an improvement of 36.03% compared to the previous period[39]. - Cash inflow from operating activities totaled 533,354,852.57 CNY, down 10.77% from 597,819,506.37 CNY in the previous year[152]. - Cash outflow from operating activities was 577,035,593.92 CNY, a decrease of 13.36% compared to 666,100,267.56 CNY in the first half of 2020[152]. - Cash flow from financing activities resulted in a net outflow of -243,326,006.04 CNY, compared to a slight inflow of 2,192,786.50 CNY in the first half of 2020[153]. Revenue Breakdown - Revenue from coal mining machinery and comprehensive services was CNY 203.98 million, down 42.35% year-on-year, with a gross margin of 10.71%[30]. - The military products segment saw revenue drop by 95.55% to ¥1,251,545.73 from ¥28,139,963.86 in the previous year[41]. - Revenue from other segments increased by 527.11% to ¥27,396,097.11, compared to ¥4,368,647.94 last year[41]. - The North China region generated ¥68,679,975.01 in revenue, a decrease of 35.54% year-on-year[43]. - The Central China region experienced a revenue increase of 136.86% to ¥69,530,211.78, compared to ¥29,354,700.04 last year[43]. Investments and Acquisitions - The company made investments totaling ¥132,000,000.00 during the reporting period, marking a 100% increase compared to the previous year[48]. - The company acquired a 29.20% stake in Beijing Zhongke Hongba Technology Co., Ltd. for a transaction price of RMB 132 million[56]. - Long-term equity investments increased by 3.61% to ¥589,802,561.98, attributed to the acquisition of equity in Zhongke Hongba[46]. - The company plans to acquire a 29.19575% stake in Beijing Zhongke Hongba Technology Co., Ltd. for RMB 132 million, with the total equity valuation of the target company at RMB 458.63 million[106]. Governance and Compliance - The company held 2 shareholder meetings and 4 board meetings in the reporting period, ensuring compliance with governance regulations and facilitating investor participation[75]. - A total of 49 information disclosure documents were published in 2021, providing transparent operational updates to investors[76]. - The company has established a comprehensive governance structure and is focused on improving management practices to adapt to industry changes[58]. - The company has not engaged in any securities or derivative investments during the reporting period[52][53]. - The company has not reported any penalties or corrective actions during the reporting period[99]. Environmental Responsibility - The company has implemented pollution prevention facilities in compliance with environmental regulations[69]. - The company obtained an environmental impact assessment approval for all construction projects, complying with the Environmental Protection Management Regulations[70]. - The company has established an emergency response plan for environmental incidents, which includes prevention, warning, and response measures, and conducts annual drills[71]. - The company has implemented a self-monitoring plan for pollution sources, ensuring compliance with national environmental monitoring standards and timely public disclosure of data[72]. - The company actively promotes environmental protection and sustainability, utilizing modern information technology to reduce paper waste and conducting activities to save resources[81]. Research and Development - Research and development investment increased by 71.46% to CNY 16.46 million, reflecting a focus on innovation[39]. - Research and development expenses increased to CNY 16.46 million, up 71.9% from CNY 9.60 million in the previous year[144]. Shareholder Information - The total number of shares is 801,683,074, with 28.99% being limited shares and 71.01% being unrestricted shares[121]. - The largest shareholder, Guo Xiansheng, holds 29.54% of the shares, totaling 236,852,214 shares, with a decrease of 2,118,400 shares during the reporting period[123]. - The company has 40,010 total common shareholders at the end of the reporting period[123]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[126]. Legal Matters - The company is involved in a significant lawsuit with a claim amount of RMB 12,878.67 million, which is currently undecided[97]. - The company has a guarantee liability of RMB 36,975.37 million related to a lawsuit that is in the execution and settlement phase[98]. - The company has a total of 5 ongoing lawsuits with amounts ranging from RMB 15.28 million to RMB 1,685.88 million, all of which are in various stages of resolution[98].