*ST金一(002721) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,631,212,967.67, a decrease of 14.05% compared to the same period last year[25]. - The net profit attributable to shareholders of the listed company was -¥202,988,301.49, an improvement of 17.43% year-on-year[25]. - The net cash flow from operating activities increased by 75.11% to ¥408,999,043.25 compared to the previous year[25]. - The total assets at the end of the reporting period were ¥9,877,682,743.97, down 4.21% from the end of the previous year[25]. - The net assets attributable to shareholders of the listed company decreased by 9.00% to ¥2,223,563,232.12[25]. - The basic earnings per share improved to -¥0.21, a 27.59% increase compared to -¥0.29 in the same period last year[25]. - The company reported a net loss of CNY 2,051,886,872.85 as of June 30, 2021, compared to a loss of CNY 1,848,898,571.36 at the end of 2020[162]. - The net profit for the first half of 2021 was a loss of CNY 222,767,234.74, compared to a loss of CNY 264,513,395.69 in the same period of 2020, indicating an improvement[172]. Revenue and Costs - The company's total operating revenue for the first half of 2021 was CNY 1,631,212,967.67, a decrease of 14.06% compared to CNY 1,897,860,407.06 in the first half of 2020[170]. - Total operating costs decreased to CNY 1,883,048,215.38, down 11.6% from CNY 2,129,721,629.71 in the previous year[170]. - The cost of goods sold decreased by 13.39% to ¥1,433,671,135.92 from ¥1,655,269,447.08 year-on-year[52]. - Revenue from the franchise channel decreased by 93.00% to ¥38,670,853.66, mainly due to adjustments in sales channel strategies[57]. - Revenue from pure gold products decreased by 41.96% to ¥455,662,071.20, attributed to a decline in sales through the franchise channel[57]. Assets and Liabilities - Cash and cash equivalents at the end of the reporting period amounted to ¥448,087,214.65, representing 4.54% of total assets, a slight increase from 4.26% in the previous year[61]. - Accounts receivable decreased to ¥2,961,384,280.51, accounting for 29.98% of total assets, down from 30.84% year-over-year[61]. - Inventory stood at ¥4,303,033,969.30, making up 43.56% of total assets, a minor decrease from 43.69% in the previous year[61]. - Total liabilities were CNY 7,778,307,832.05, down from CNY 7,972,695,602.28, reflecting a decrease of approximately 2.4%[160]. - The company's equity attributable to shareholders decreased to CNY 2,223,563,232.12 from CNY 2,443,346,795.31, a decline of about 9.0%[162]. Strategic Initiatives - The company focuses on the R&D, design, production, and sales of precious metal crafts and gold jewelry, leveraging traditional Chinese culture[34]. - The company aims to enhance product uniqueness through cultural creativity and technology, while meeting diverse consumer demands[34]. - The company is transitioning towards a "Cultural+" strategy, integrating cultural industry resources and enhancing brand influence[40]. - The company has launched a new brand, KINGEE, targeting the young consumer market with a focus on trendy and affordable jewelry[49]. - The company has established partnerships with cultural institutions and is a licensed producer and retailer for the 2022 Hangzhou Asian Games[51]. Investor Relations and Governance - The company is actively engaging with investors through various communication channels, including an investor hotline and email responses, to address their concerns[40]. - The company has maintained a good investor relations management, ensuring timely and accurate information disclosure to enhance market perception[89]. - The semi-annual financial report has not been audited[95]. - The company has not encountered any bankruptcy restructuring or major litigation matters during the reporting period[96]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[85]. Risks and Challenges - The company faced risks that have been described in detail in the report, which investors should carefully read[5]. - The company is facing risks from macroeconomic conditions, including uncertainty from the ongoing pandemic, which may impact industry development and operations[77]. - Fluctuations in raw material prices, particularly for gold, silver, and platinum, pose a significant risk to product sales and inventory value, prompting the company to engage in hedging and inventory management strategies[78]. - The company is in a strategic transformation phase, focusing on e-commerce and cultural innovation, which has not yet achieved scale sales, and is adjusting marketing strategies to enhance competitiveness[78]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 35,763, with a significant shareholder, Beijing Haixin Asset Management Co., Ltd., holding 29.98% of shares[136]. - The largest unrestricted shareholder, Beijing Haixin Asset Management Co., Ltd., holds 162,541,699 shares, representing a significant portion of the company's equity[143]. - The company has repurchased 5,485,600 shares, accounting for 0.57% of its total share capital, with a total transaction amount of 16,596,671 yuan by June 30, 2021[40].