TLGD(SZ:300029)2021-10-25 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥54,734,078.42, representing a significant increase of 9,088.34% compared to ¥595,690.88 in the same period last year[22]. - The net profit attributable to shareholders was -¥21,598,927.14, a decrease of 50.72% from -¥14,330,526.29 year-on-year[22]. - The net cash flow from operating activities improved to ¥2,823,644.73, a 128.44% increase from -¥9,928,989.78 in the previous year[22]. - The total assets decreased by 21.98% to ¥172,268,184.68 from ¥220,807,920.85 at the end of the previous year[22]. - The net assets attributable to shareholders were -¥7,030,753.46, a decline of 148.26% from ¥14,568,173.68 at the end of the previous year[22]. - The basic and diluted earnings per share were both -¥0.1080, reflecting a 50.63% decrease from -¥0.0717 in the same period last year[22]. - The weighted average return on net assets was -573.11%, a significant drop of 533.80% from -39.31% year-on-year[22]. - The total operating revenue for the first half of 2021 was CNY 54,734,078.42, compared to CNY 595,690.88 in the same period of 2020[112]. - The net loss for the first half of 2021 was CNY 21,565,611.14, compared to a net loss of CNY 14,330,526.29 in the first half of 2020[114]. - The operating profit (loss) for the first half of 2021 was -CNY 15,420,964.99, worsening from -CNY 7,021,207.00 in the previous year[114]. Cash Flow and Liquidity - The cash flow from operating activities improved to ¥2,823,644.73, a 128.44% increase from a negative cash flow of ¥9,928,989.78 in the previous year[34]. - Total cash inflow from operating activities was CNY 78,109,216.41, while cash outflow was CNY 75,285,571.68, resulting in a net cash flow of CNY 2,823,644.73[122]. - Cash inflow from financing activities amounted to CNY 20,700,000.00, with a net cash flow of CNY 4,100,000.00 after outflows of CNY 8,600,000.00[123]. - The company reported a total cash and cash equivalents balance of CNY 4,932,724.77 at the end of the reporting period, compared to CNY 168,602.70 at the end of the previous period[123]. - The company incurred total cash outflows from operating activities of CNY 22,412,574.68, leading to a net cash flow of -CNY 1,425,736.00[126]. Business Strategy and Focus - The company has shifted its focus to new energy projects, including photovoltaic and wind power, aligning with national goals for carbon neutrality[30]. - The company has made progress in developing new energy projects and EPC engineering, which is expected to provide a reliable foundation for future business growth[30]. - The company aims to reposition itself as a comprehensive service platform for the entire renewable energy industry chain, focusing on solar and wind power projects[144]. - The company anticipates that the renewable energy sector will enter a rapid development phase, driven by national policies aimed at carbon neutrality[144]. - The company has identified a number of quality projects in the renewable energy sector, which will support its future growth[145]. Risks and Challenges - The company faces risks related to cash flow and potential bad debts due to the development of new energy projects[6]. - The company has been issued a delisting risk warning due to negative net profit and revenue below ¥100 million in the previous fiscal year[5]. - The company has faced significant uncertainty regarding the acquisition of new energy project development indicators, which are crucial for its performance in a key development year[49]. - The company’s revenue for the reporting period fell below 100 million RMB, triggering potential delisting risks under Shenzhen Stock Exchange regulations[143]. - The company’s management believes that it can sustain operations in the next 12 months despite significant uncertainties[145]. Shareholder and Equity Information - The total number of shares remains at 200 million, with no changes in shareholding structure during the reporting period[88]. - The largest shareholder, Dayou Holdings Limited, held 12.80% of shares, totaling 25,598,494 shares[91]. - The second-largest shareholder, Changzhou Noah Technology Co., Ltd., held 11.89% of shares, totaling 23,788,606 shares[91]. - The total equity at the end of the reporting period was 200 million yuan, with a capital reserve of 835.27 million yuan[136]. - The company reported a total of CNY 14,410.00 million in equity at the end of the current period[129]. Operational Performance - Operating costs also surged to ¥50,926,936.60, reflecting a 5,011.01% increase from ¥996,415.69, primarily due to the cessation of single crystal and multi-crystal furnace production[33]. - The gross profit margin for the new energy EPC engineering segment was reported at 7.31%[36]. - The company’s production lines were in a state of suspension during the reporting period, impacting overall performance[142]. - The subsidiary Sichuan Zhongshu Shilian Construction Engineering Co., Ltd. reported a net loss of approximately CNY 2.65 million during the reporting period[48]. Financial Reporting and Compliance - The financial report for the first half of 2021 was not audited[102]. - The company does not have any preferred shares or bonds outstanding[97][99]. - The company has not engaged in any derivative investments or entrusted loans during the reporting period[44][45]. - There were no major asset or equity sales during the reporting period[46][47]. - The company has not reported any significant risks affecting contract performance, suggesting stable operational conditions[82]. Accounting Policies and Practices - The company recognizes goodwill when the purchase price exceeds the fair value of identifiable net assets acquired in a business combination[154]. - The company assesses control based on the ability to influence returns from the investee's relevant activities[159]. - The company recognizes identifiable intangible assets separately if they meet specific criteria during business combinations[155]. - The company measures expected credit losses for accounts receivable and notes receivable based on the entire duration of the expected credit loss, using historical credit loss experience and current conditions[182]. - The company employs a perpetual inventory system for inventory management, using weighted average and specific identification methods for inventory valuation[186].