贝肯能源(002828) - 2019 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 682,649,189.74, representing an increase of 182.13% compared to CNY 241,962,945.44 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 34,725,128.21, up 70.93% from CNY 20,315,446.53 year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 23,214,655.05, an increase of 38.95% compared to CNY 16,706,767.83 in the previous year[18]. - The company reported operating revenue of 683 million RMB, an increase of 182.13% compared to the same period last year[35]. - Net profit for the period was 34.88 million RMB, reflecting a year-on-year growth of 71.67%[35]. - The company's gross profit margin for the first half of 2019 was approximately 3.6%, compared to 10.2% in the first half of 2018, reflecting a decline in profitability[126]. - The total profit for the first half of 2019 reached CNY 37.01 million, up from CNY 24.33 million in the same period last year, marking a growth of approximately 52.0%[132]. - The company's financial expenses amounted to CNY 5.16 million, a decrease of 23.1% compared to the previous year's CNY 1.19 million[131]. - The operating profit for the first half of 2019 was CNY 33.65 million, compared to CNY 21.60 million in the same period of 2018, indicating an increase of about 55.9%[132]. - The total comprehensive income for the first half of 2019 was CNY 34.44 million, compared to CNY 20.37 million in the same period last year, reflecting an increase of about 69.0%[132]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 2,442,317,669.36, a growth of 29.88% from CNY 1,880,390,459.21 at the end of the previous year[18]. - The company's current assets totaled RMB 1,528,343,649.89, up from RMB 1,114,986,747.89 at the end of 2018, indicating a growth of approximately 37%[116]. - The total current liabilities increased to CNY 1,197,086,261.25 as of June 30, 2019, compared to CNY 1,151,146,518.16 at the end of 2018, marking an increase of about 4%[123]. - Non-current liabilities rose to CNY 115,441,666.48 in the first half of 2019, compared to CNY 20,237,714.06 at the end of 2018, showing a substantial increase of approximately 471%[123]. - The total assets of the company as of June 30, 2019, amounted to CNY 2,300,426,845.81, compared to CNY 2,117,395,046.82 at the end of 2018, reflecting an increase of about 9%[124]. - The company's cash and cash equivalents decreased significantly to CNY 168,303,820.72 as of June 30, 2019, from CNY 422,120,824.39 at the end of 2018, indicating a decline of approximately 60%[121]. - The company's short-term borrowings increased to ¥147,900,000.00, representing 6.06% of total liabilities, up from ¥40,000,000.00[45]. - The total liabilities at the end of the reporting period were 957.22 million yuan, indicating a slight increase compared to the previous period[144]. Cash Flow - The company reported a negative net cash flow from operating activities of CNY 96,209,109.29, which is a 3.17% improvement compared to CNY 99,360,346.69 in the same period last year[18]. - The cash inflow from operating activities was CNY 632.88 million, compared to CNY 410.76 million in the first half of 2018, representing an increase of approximately 54.0%[134]. - The net cash flow from operating activities for the first half of 2019 was -159,542,702.87 CNY, compared to -46,474,875.43 CNY in the same period of 2018, indicating a significant decline in operational performance[139]. - The total cash inflow from financing activities was 214,306,525.40 CNY, a substantial increase from 72,270,579.77 CNY in the previous year, reflecting improved financing efforts[137]. - The net cash flow from investing activities was -169,128,059.84 CNY, worsening from -22,381,821.21 CNY year-over-year, highlighting increased investment outflows[137]. Research and Development - The company has established a strong R&D management system, holding 7 invention patents and 31 utility model patents as of June 30, 2019[30]. - Research and development expenses surged by 308.06% to ¥4,589,050.44 from ¥1,124,602.16, indicating a significant increase in R&D investment[38]. - The company's research and development expenses were CNY 4.52 million, indicating ongoing investment in innovation[131]. - The company has initiated research and development for new technologies aimed at improving operational efficiency[152]. Market Expansion and Strategy - The company is actively expanding into international markets, particularly in Southwest shale gas and Ukraine, to stabilize and grow its market presence[34]. - The company is focusing on enhancing core drilling services and optimizing the oilfield engineering service industry chain to improve comprehensive service levels[26]. - The company plans to focus on expanding its market presence and developing new technologies in the upcoming quarters[143]. - The company aims to enhance its operational efficiency and reduce costs in response to market challenges[143]. Risk Management - The report includes detailed risk factors and corresponding measures taken by the company[4]. - The company faces risks related to fluctuations in investment scale in the oil and gas exploration and development industry, which could impact operational performance[63]. - The company has implemented a strict HSE management system to mitigate safety risks associated with oil and gas exploration and production[64]. - The company faces foreign operational risks in Ukraine due to geopolitical factors, including regional conflicts and regulatory challenges[65]. - The company is actively managing risks associated with natural disasters that could impact its operations[64]. Shareholder Information - The company has completed the repurchase and cancellation of restricted stock, reducing the total share capital from 204,680,000 shares to 204,578,000 shares[79]. - The total number of ordinary shareholders at the end of the reporting period was 25,679[100]. - The largest shareholder, Chen Pinggui, holds 16.08% of the shares, amounting to 32,895,000 shares, with 11,849,000 shares pledged[100]. Compliance and Governance - The company is committed to complying with national laws and regulations regarding safety and environmental protection[64]. - The company has not reported any significant safety or environmental incidents during the reporting period[64]. - The financial report was approved by the board of directors on August 22, 2019[155]. - The financial statements are prepared in accordance with the latest accounting standards issued by the Ministry of Finance[161].