*ST围海(002586) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥872,647,472.76, representing a 24.15% increase compared to ¥702,912,804.09 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥18,731,820.21, a significant turnaround from a loss of ¥35,399,316.37 in the previous year, marking a 152.92% improvement[20]. - The net cash flow from operating activities was ¥33,095,722.06, compared to a negative cash flow of ¥165,706,101.62 in the same period last year, indicating a 119.97% increase[20]. - The basic earnings per share increased to ¥0.0164 from a loss of ¥0.0309, reflecting a 153.07% improvement[20]. - The company's revenue for the reporting period exceeded 872 million yuan, representing a year-on-year growth of 42.83%[31]. - The net profit attributable to shareholders, after deducting non-recurring gains and losses, was -38.12 million yuan, a decrease of 65.21% compared to the previous year[31]. - The company reported a total revenue of 13,720 million CNY for the first half of 2021, reflecting a significant increase compared to the previous period[138]. - The net profit for the first half of 2021 was CNY 16,971,952.05, a significant recovery from a net loss of CNY 37,284,092.65 in the first half of 2020[182]. - The total profit for the first half of 2021 was CNY 32,176,073.24, compared to CNY 7,695,189.58 in the previous year, marking an increase of approximately 318%[186]. Assets and Liabilities - Total assets decreased by 7.44% to ¥7,628,761,598.73 from ¥8,242,208,932.64 at the end of the previous year[20]. - Cash and cash equivalents at the end of the reporting period amounted to ¥245,376,848.46, representing 3.22% of total assets, a decrease of 1.47% compared to the previous year[49]. - Accounts receivable totaled ¥1,404,363,081.92, accounting for 18.41% of total assets, down by 1.01% from the previous year[49]. - Long-term receivables increased to ¥3,058,545,501.37, making up 40.09% of total assets, an increase of 2.24% year-over-year[49]. - The company reported a total liability of 72,322.37 million RMB, representing a 21.92% increase compared to the previous period[88]. - The company's total liabilities decreased to CNY 3,942,134,708.31 from CNY 4,057,600,289.43, reflecting a reduction of approximately 2.8%[179]. Cash Flow - The net cash flow from operating activities improved to ¥33,095,722.06, a significant recovery from a negative cash flow of ¥165,706,101.62 in the previous year[41]. - The net cash flow from investing activities decreased by 80.78% to ¥35,706,896.69 from ¥185,755,105.62, primarily due to reduced investment project financing following special treatment of the company’s guarantees[41]. - The net cash flow from financing activities improved by 37.83% to -¥201,181,739.30 from -¥323,618,426.63, reflecting a decrease in the scale of financing due to special treatment[41]. - Cash flow from operating activities generated a net inflow of CNY 33,095,722.06, a recovery from a net outflow of CNY -165,706,101.62 in the first half of 2020[190]. - The ending balance of cash and cash equivalents was CNY 185,892,720.96, down from CNY 447,109,413.85 at the end of the first half of 2020, reflecting a decrease of about 58%[191]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has transitioned its business model from general contracting to engineering general contracting, expanding into investment, design, and operation[30]. - The company is focused on introducing strategic investors to resolve issues related to the controlling shareholder's bankruptcy restructuring[31]. - The company aims to introduce strategic investors to resolve issues related to guarantees and fund occupation, potentially leading to a brighter future[64]. - The company is committed to resolving legal disputes related to guarantees and fund occupation to minimize losses and unfreeze bank accounts[65]. Risks and Compliance - The company has detailed the risks it may face and corresponding countermeasures in the management discussion and analysis section of the report[5]. - The company faces risks related to safety in production and potential delays in project payments, which could impact financial performance[61]. - The company has been under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws since July 2019, with potential risks of administrative penalties and delisting[63]. - The company plans to strengthen internal control management and improve compliance processes to enhance governance and risk management[64]. - The company is actively monitoring related party transactions to prevent fund occupation by controlling shareholders[101]. Legal Matters - The company is currently involved in legal proceedings related to multiple illegal guarantee cases, with varying amounts and outcomes[88][89]. - The company has taken measures to address illegal guarantees, including litigation against Chang'an Bank for 600 million RMB in guarantees, with ongoing legal proceedings[88]. - The company is facing significant financial liabilities due to ongoing legal disputes and overdue loans, impacting its operational stability[108]. - The company has been involved in several legal disputes regarding loan defaults, with judgments requiring repayment of significant amounts, including a case involving a loan of 2.8 million yuan[113]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,387[157]. - Zhejiang Weihai Holdings Group Co., Ltd. holds 43.06% of the shares, amounting to 492,677,204 shares[158]. - The top ten shareholders include Zhejiang Weihai Holdings Group Co., Ltd. with 302,080,000 shares and Zhejiang Dongrui Asset Management Co., Ltd. with 41,296,060 shares[159]. - The company has a significant number of pledged shares, with various shareholders having pledged their holdings[158]. - The company’s management and supervisors have a lock-up period for their shares, with a maximum transfer limit of 25% during their tenure[155].