ST浩源(002700) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥268,701,112.58, representing a 36.55% increase compared to ¥196,771,873.49 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was ¥50,956,017.41, a 46.71% increase from ¥34,732,314.24 in the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥51,714,211.57, which is a 102.73% increase from ¥25,509,422.29 in the same period last year[25]. - The basic earnings per share increased to ¥0.1206, up 46.72% from ¥0.0822 in the previous year[25]. - The weighted average return on net assets rose to 5.87%, an increase of 2.69% compared to 3.18% in the previous year[25]. - The total operating revenue for the first half of 2021 was CNY 268.70 million, an increase of 36.5% compared to CNY 196.77 million in the first half of 2020[160]. - The total profit for the first half of 2021 was CNY 66,810,529.88, compared to CNY 42,147,550.24 in the first half of 2020, marking an increase of about 58.6%[166]. - The net profit for the first half of 2021 reached CNY 55,989,801.68, compared to CNY 34,953,696.88 in the first half of 2020, reflecting a growth of approximately 60.2%[167]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,075,314,396.30, a decrease of 1.03% from ¥1,086,495,534.21 at the end of the previous year[25]. - The total liabilities decreased to CNY 186.37 million from CNY 288.33 million at the end of 2020, reflecting a reduction of 35.4%[159]. - The company's total assets as of June 30, 2021, were CNY 1,088.39 million, a decrease from CNY 1,166.38 million at the end of 2020[158]. - The company's current assets totaled CNY 502,835,299.59, down from CNY 535,743,114.54 at the end of 2020, reflecting a decrease of approximately 6.5%[153]. - The company's total liabilities and owner's equity at the end of the current period reached 48,650 million yuan[181]. Cash Flow - The net cash flow from operating activities was ¥54,259,508.06, a decrease of 51.12% compared to ¥111,008,310.13 in the same period last year[25]. - The cash flow from operating activities in the first half of 2021 was CNY 274,126,935.70, compared to CNY 210,957,872.52 in the first half of 2020, showing an increase of approximately 29.9%[169]. - The company reported a net cash flow from investing activities of -¥76,775,839.17, compared to -¥66,011,350.17 in the previous year, indicating increased investment outflows[171]. - The ending balance of cash and cash equivalents was ¥182,459,063.94, down from ¥221,202,545.60 at the beginning of the period[171]. Operational Highlights - The company's natural gas sales volume reached 12,288,000 cubic meters in the first half of 2021, representing a 31.45% increase compared to 9,348,000 cubic meters in the same period of 2020[35]. - The number of residential gas installations surged to 7,010, marking a significant growth of 169.30% from 2,603 installations in the previous year[35]. - Natural gas sales accounted for ¥228,015,055.50, which is 84.86% of total revenue, showing a growth of 32.69% from ¥171,839,596.86 in the previous year[47]. - The gross profit margin for the urban gas industry improved to 38.37%, up from 30.80% in the previous year, reflecting a 7.57% increase[49]. Investments and Subsidiaries - The subsidiary Shanghai Yuanhan Energy Technology Co., Ltd. reported total assets of CNY 279.72 million and a net loss of CNY 6.25 million for the period[63]. - The company has established several subsidiaries, including Xinjiang Zhiben Fine Chemical Co., Ltd., which is currently under construction and focuses on producing high-quality ethylene glycol[66]. - The company is actively seeking new strategic investors to restart the suspended project of Xinjiang Zhiben due to its large scale and funding requirements[66]. - The company has not generated any revenue from its subsidiaries as of June 30, 2021, with several projects still in the compliance or construction phase[67][68][70]. Risks and Challenges - The company is facing risks related to the occupation of funds by controlling shareholders and ongoing investigations by regulatory authorities[6][8]. - The company faces risks including bad debt preparation, regulatory penalties, and potential claims due to significant non-operating fund occupation by controlling shareholders[76][78]. - The controlling shareholder's related parties failed to repay the occupied funds as per the commitment plan[95]. - The company has acknowledged significant internal control deficiencies regarding the occupation of non-operating funds[100]. Shareholder and Equity Information - The company completed its share repurchase plan, buying back a total of 8,798,695 shares, which represents 2.0829% of the total share capital[86]. - Major shareholders include Zhou Jidong with 28.50% ownership, Akesu Shengwei Industrial Investment Co., Ltd. with 22.50%, and Hu Zhongyou with 5.01%[138]. - The company aims to use repurchased shares for employee stock ownership plans or equity incentives[131]. - The total number of shares is 422,426,800, with 25.20% being limited shares and 74.80% being unrestricted shares[130]. Compliance and Governance - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[126]. - The semi-annual financial report has not been audited[102]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[89]. - The company’s financial statements are prepared based on the going concern assumption, with no significant doubts about its ability to continue operations[191].