顺控发展(003039) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 623,200,371.53, a decrease of 0.22% compared to CNY 624,599,829.72 in the same period last year[27]. - The net profit attributable to shareholders of the listed company was CNY 107,134,688.22, down 2.63% from CNY 110,030,457.84 year-on-year[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 102,158,043.20, a decline of 4.39% compared to CNY 106,848,647.20 in the previous year[27]. - The net cash flow from operating activities was CNY 255,731,783.40, which is a decrease of 1.84% from CNY 260,513,077.50 in the same period last year[27]. - Basic earnings per share were CNY 0.17, down 10.53% from CNY 0.19 in the previous year[27]. - Total assets at the end of the reporting period were CNY 4,374,669,593.29, a decrease of 1.08% from CNY 4,422,313,815.12 at the end of the previous year[27]. - The net assets attributable to shareholders of the listed company increased by 1.24% to CNY 2,267,134,061.16 from CNY 2,239,270,668.62 at the end of the previous year[27]. - The weighted average return on net assets was 4.67%, down from 5.67% in the previous year, reflecting a decrease of 1.00%[27]. Revenue and Costs - Operating costs increased by 3.93% year-on-year to 340.99 million yuan[45]. - The total profit amounted to 185.38 million yuan, reflecting a year-on-year increase of 0.92%[45]. - The revenue from the waste incineration power generation project was ¥204,764,140.06, a decrease of 2.52% from ¥210,067,922.75 in the previous period[52]. - Other business revenue surged by 90.34%, reaching ¥13,574,850.75, compared to ¥7,132,021.73 in the previous period[52]. - The gross profit margin for water supply sales was 36.93%, reflecting a decrease of 2.75% compared to the previous period[52]. Cash Flow and Investments - Net cash flow from investing activities improved by 51.61%, amounting to -¥210,585,388.62, compared to -¥435,191,257.46 previously[49]. - Net cash flow from financing activities showed a significant decline of 206.46%, totaling -¥162,466,181.76, influenced by last year's IPO fundraising[49]. - The company reported a total of ¥3,779.11 million in cumulative investment from raised funds, with ¥28,302.31 million remaining unutilized[67]. - The second phase expansion project of the Shunde Yutan Water Plant has received an investment of ¥756.37 million, with a total investment of ¥17,252.23 million committed[68]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[6]. - The controlling shareholder holds over 50% of the company's shares, which may influence major decisions and pose risks to minority shareholders[93]. - The company has fulfilled all commitments made by controlling shareholders and related parties during the reporting period, with no overdue commitments as of the end of the reporting period[118]. - The company has no significant litigation or arbitration matters during the reporting period[130]. Risks and Challenges - The management has highlighted potential risks and countermeasures in the report, urging investors to pay attention to investment risks[5]. - The company faces risks related to water price adjustments, which are subject to government approval, potentially impacting profitability and growth[81]. - Regulatory changes in the water supply industry may introduce uncertainties affecting the company's operations, as the market is gradually opening to diversified social capital participation[88]. - The company is required to receive at least 1.095 million tons of municipal waste annually from the local government for its waste-to-energy project, which directly impacts operational profitability[87]. Environmental and Social Responsibility - The company reported total emissions of 265.24 tons of nitrogen oxides and 24.54 tons of sulfur dioxide during the reporting period[109]. - The company has established an emergency response plan for environmental incidents, which has been filed with the relevant authorities[112]. - The company actively supported poverty alleviation efforts in four deeply impoverished villages during the first half of 2022[114]. - Over 200 employees participated in volunteer services for pandemic prevention and control efforts[114]. Corporate Structure and Operations - The company has not sold any significant assets during the reporting period, indicating stability in its asset management[77]. - The company has not reported any significant changes in the implementation of fundraising projects, maintaining operational consistency[76]. - The company has established a joint venture with a total investment of 100 million, with its contribution being 26 million, accounting for 26% of the registered capital[7]. - The joint venture, Guangdong Tianruide New Materials Co., Ltd., was officially established on July 14, 2022[8]. Financial Reporting and Compliance - The half-year financial report has not been audited[126]. - The company did not issue any preferred shares during the reporting period[190]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[186]. - There were no changes in the shareholding of directors, supervisors, and senior management during the reporting period[185].