*ST美盛(002699) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥512,861,276.84, representing a 6.81% increase compared to ¥480,183,220.00 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥26,132,765.07, a significant increase of 43.72% from ¥18,182,853.72 in the previous year[20]. - Basic earnings per share increased by 45.00% to ¥0.029 from ¥0.020 in the previous year[20]. - The operating profit for the period was 16.60 million yuan, which is a 3.4% increase from the previous year's 16.06 million yuan[33]. - The company's revenue for the cultural segment reached ¥510,596,753.75, representing a year-on-year increase of 6.70%[38]. - The company's net profit for the first half of 2021 showed a significant improvement with investment income of CNY 32,013,723.76, up from CNY 3,994,312.14 in the previous year[118]. - The total profit for the first half of 2021 was CNY 18,828,197.02, an increase of 7.0% from CNY 17,591,149.29 in the first half of 2020[120]. - The total comprehensive income for the first half of 2021 was CNY 20,440,633.88, an increase from CNY 19,996,303.68 in the same period of 2020[120]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥191,170,777.05, a decrease of 1,216.97% compared to -¥14,515,906.41 in the same period last year[20]. - The company’s cash and cash equivalents decreased by 627.89 million yuan, a 230.45% increase in outflow compared to a decrease of 190.01 million yuan in the previous year[34]. - The company reported a cash flow from operating activities net amount of -CNY 191,170,777.05 for the first half of 2021, compared to -CNY 14,515,906.41 in the same period of 2020[126]. - The company experienced a net decrease in cash and cash equivalents of -627,888,502.96 CNY in the first half of 2021, compared to -190,009,487.68 CNY in the first half of 2020, indicating worsening liquidity[128]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,766,847,727.29, a decrease of 2.20% from ¥2,829,028,851.66 at the end of the previous year[20]. - The company's current assets decreased to CNY 1,371,402,984.96 from CNY 1,757,426,887.99 at the end of 2020, reflecting a decline of approximately 22%[110]. - The total liabilities decreased to CNY 1,371,402,984.96 from CNY 1,757,426,887.99, indicating a reduction of about 22%[110]. - The total liabilities as of June 30, 2021, were CNY 854,665,435.19, up from CNY 759,996,434.28 at the end of 2020, marking an increase of about 12.5%[116]. Investments and Expenditures - The total investment during the reporting period was ¥322,320,000, a significant increase of 876.73% compared to ¥33,000,000 in the same period last year[45]. - The company reported a net cash flow from investing activities of -205,247,955.40 CNY for the first half of 2021, compared to -137,462,977.30 CNY in the same period of 2020, showing an increase in cash outflow[128]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The total number of ordinary shareholders at the end of the reporting period is 32,919[95]. - Major shareholders include Meisheng Holdings Group Co., Ltd. with a 33.11% stake and Zhao Xiaoqiang with a 20.62% stake[95]. Risk Management - The company faces risks from rising costs due to global pandemic impacts and trade tensions, which may pressure profit margins[52]. - The company is actively managing supply chain relationships to mitigate cost increases and maintain profitability[52]. - The company is also addressing foreign exchange risks through forward exchange contracts to stabilize earnings[53]. Corporate Governance - The company held its first extraordinary general meeting of shareholders on April 23, 2021, with a participation rate of 4.98%[56]. - The annual general meeting on May 21, 2021, had a participation rate of 59.70%[56]. - There were no changes in the company's board of directors, supervisors, or senior management during the reporting period[57]. Compliance and Reporting - The half-year financial report has not been audited[69]. - The financial statements were approved for release by the board on August 27, 2021, ensuring compliance with accounting standards[147]. - The financial statements comply with the requirements of the Accounting Standards for Enterprises, accurately reflecting the financial position as of June 30, 2021[152]. Accounting Policies - The company has established specific accounting policies for bad debt provisions, inventory, fixed asset depreciation, and revenue recognition[151]. - The company uses the expected credit loss model for impairment accounting on financial assets measured at amortized cost, including receivables[172]. - The company employs a three-stage model for measuring loss provisions on financial assets, assessing significant increases in credit risk[175].