万里石(002785) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 539,404,204.48, representing a 76.65% increase compared to CNY 305,347,316.35 in the same period last year[26]. - Net profit attributable to shareholders was CNY 27,921,743.24, a significant increase of 517.88% from CNY 4,518,940.24 in the previous year[28]. - The net profit after deducting non-recurring gains and losses reached CNY 27,228,625.95, up 669.00% from CNY 3,540,801.32 year-on-year[28]. - Basic earnings per share increased to CNY 0.1396, a rise of 517.70% compared to CNY 0.0226 in the previous year[28]. - Operating revenue grew by 76.65% year-on-year, driven by recovery in export stone materials, significant growth in U.S. cabinet business, and large-scale growth in engineering construction[47]. - The revenue from engineering construction surged by 170.29% to ¥161,124,900.15, indicating substantial growth in this segment[63]. - The total operating revenue for the first half of 2021 reached ¥539,404,204.48, a significant increase of 76.6% compared to ¥305,347,316.35 in the first half of 2020[186]. - Net profit for the first half of 2021 was ¥27,664,348.87, compared to ¥3,786,583.19 in the same period last year, reflecting a growth of 631.5%[189]. - The total operating costs for the first half of 2021 were ¥538,707,962.61, up from ¥307,712,078.86, reflecting an increase of 75.0%[186]. - Investment income for the first half of 2021 was ¥25,807,775.56, significantly higher than ¥1,187,298.19 in the same period last year, marking an increase of 2075.5%[186]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 1,369,273,039.15, reflecting a 4.08% increase from CNY 1,314,679,809.87 at the end of the previous year[28]. - The company's total liabilities increased by 4.33%, with non-current liabilities rising by 60.65% due to adjustments in lease liabilities under new accounting standards[46]. - The company's accounts receivable increased to ¥639,802,411.11, representing 46.76% of total assets, reflecting a slight increase from 46.67% in the previous year[71]. - The company's total liabilities reached ¥683,444,698.10, up from ¥655,048,474.34, indicating an increase of around 4.3%[175]. - Owner's equity totaled ¥684,828,341.05, compared to ¥659,631,335.53, reflecting a growth of approximately 3.8%[175]. Cash Flow - The net cash flow from operating activities improved to -CNY 2,652,091.99, a 45.14% improvement from -CNY 4,834,388.32 in the previous year[28]. - The company reported a net cash outflow from operating activities of ¥2,652,091.99 for the first half of 2021, an improvement from a net outflow of ¥4,834,388.32 in the first half of 2020[197]. - Cash received from sales of goods and services was ¥535,593,133.53, up from ¥394,127,951.69 in the previous year, indicating a growth of 35.9%[197]. Market Performance - In the first half of 2021, the company achieved sales revenue of 67.87 million CNY in the Japanese market, reflecting a year-on-year increase of 9%[39]. - The company’s sales revenue in the European and American markets reached 80.40 million CNY, up 30.72% year-on-year, driven by extended service strategies[39]. - The revenue from domestic markets was ¥309,677,137.35, accounting for 57.41% of total revenue, with a year-on-year growth of 75.73%[63]. - The company’s domestic home decoration business generated 8.65 million CNY in revenue from the Belt and Road market in the first half of 2021[40]. - The company’s domestic home decoration business saw a revenue increase of 85.28%, reaching 8.65 million CNY, due to a focus on high-end customization[40]. Risks and Challenges - The company faced significant risks including exchange rate fluctuations due to its international business operations, which it mitigates through commercial agreements and hedging tools[85]. - Environmental policy risks are increasing due to stricter regulations, prompting the company to enhance its environmental management systems[86]. - The company is actively expanding its market presence beyond the US to mitigate trade tariff risks arising from ongoing trade tensions[90]. - The company has implemented measures to address talent shortages and funding challenges in emerging business areas[89]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares during this reporting period[6]. - The company has not engaged in any significant equity or non-equity investments during the reporting period[75][76]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[151]. - The company did not engage in any asset or equity acquisitions or sales during the reporting period[122]. - The company did not experience any violations regarding external guarantees during the reporting period[110]. Miscellaneous - The company reported no significant environmental issues or administrative penalties during the reporting period[103]. - There were no major lawsuits or arbitration matters during the reporting period, except for a contract dispute involving an amount of 865.5 thousand yuan, which is currently under trial[113]. - The semi-annual report was not audited[111]. - The total number of shares is 200,000,000, with 81.07% being unrestricted shares[143].