维尔利(300190) - 2023 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2023 was ¥1,138,740,781.37, representing a 12.43% increase compared to ¥1,012,862,667.05 in the same period last year[21]. - Net profit attributable to shareholders decreased by 51.10% to ¥16,677,005.19 from ¥34,102,358.29 year-on-year[21]. - The net profit after deducting non-recurring gains and losses fell by 70.86% to ¥4,187,840.97, down from ¥14,372,349.32 in the previous year[21]. - Basic earnings per share decreased by 50.00% to ¥0.02 from ¥0.04 year-on-year[21]. - The company's operating profit for the same period was ¥22,857,075.02, a decline of 42.26% compared to the previous year[44]. - The company reported a net profit of 92,413,720 CNY from its subsidiary Nanjing Dole, contributing over 10% to the overall net profit[82]. - The company reported a total revenue of 1.5 billion RMB for the first half of 2023, representing a year-on-year increase of 15%[104]. - The company reported a significant increase in revenue for the first half of 2023, achieving a total of 1.5 billion RMB, representing a year-on-year growth of 25%[106]. - The company reported a total revenue of 12,392 million for the first half of 2023, representing a year-on-year increase of 6.5%[140]. - The company reported a net income of 300 million RMB, a 20% increase year-on-year[104]. Cash Flow and Assets - The net cash flow from operating activities improved by 74.13%, reaching -¥18,878,641.94 compared to -¥72,988,449.87 in the same period last year[21]. - Total assets at the end of the reporting period were ¥9,505,661,125.34, a decrease of 4.04% from ¥9,905,726,198.16 at the end of the previous year[21]. - The net cash and cash equivalents decreased by 88.77% to -¥293,653,443.61, influenced by comprehensive impacts from operating, investing, and financing activities[55]. - As of the end of the reporting period, cash and cash equivalents amounted to ¥630,493,696, representing 6.63% of total assets, a decrease of 2.68% compared to the previous year[61]. - Accounts receivable increased to ¥1,683,506,510, accounting for 17.71% of total assets, up by 2.94% from the previous year[61]. - The company reported a total cash decrease of 218,012,997.06 CNY in the first half of 2023, compared to a decrease of 190,000,158.14 CNY in the same period of 2022[197]. Investments and Research - The company has added 4 invention patents and 17 utility model patents during the reporting period, bringing the total to over 370 patents[49]. - Research and development investment decreased by 9.51% to ¥41,185,934.27 from ¥45,515,125.21, with no significant changes reported[55]. - The company is investing 1,000 million in R&D for new technologies aimed at enhancing environmental sustainability[140]. - The R&D expenditure for new products is projected to increase by 8% in the next half of the year[200]. Market and Business Expansion - The company is actively exploring new business areas, including biogas and industrial waste resource utilization, in response to carbon reduction policies[45]. - The company is actively expanding its market presence in the wet waste treatment business, leveraging successful projects as models for nationwide promotion[33]. - The company plans to enhance its business layout and improve management efficiency to mitigate operational risks and boost competitiveness[84]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2025[104]. - The company is exploring partnerships with international firms to enhance its technological capabilities and expand its product offerings[105]. Environmental Compliance and Initiatives - The company operates in the environmental protection industry, adhering to multiple laws including the Environmental Protection Law and the Water Pollution Prevention Law[97]. - The company has obtained all necessary environmental permits, which are currently valid[98]. - The company is focused on enhancing its wastewater treatment systems to ensure compliance with environmental regulations[101]. - The company aims to achieve a reduction in overall pollutant discharge by 10% in the next fiscal year[101]. - The company has implemented a leachate treatment project that processes domestic sewage and landfill wastewater, achieving compliance with GB16889-2008 Table 2 standards for discharged wastewater[110]. Shareholder and Corporate Governance - The company emphasizes the protection of shareholder rights by ensuring equal treatment and facilitating participation in shareholder meetings[114]. - The company has established a supplier management system to protect the rights of suppliers and maintain mutually beneficial relationships[115]. - The company has not engaged in any entrusted financial management, derivative investments, or entrusted loans during the reporting period[79][80][79]. - The company did not distribute cash dividends or issue bonus shares for the half-year period[93]. Risks and Challenges - The company faced external economic pressures, including insufficient demand and structural issues, impacting the recovery of the domestic economy[84]. - Rising project execution costs due to increased raw material prices pose a risk to profitability, prompting the company to optimize procurement and management practices[85]. - The company is experiencing longer accounts receivable collection periods, which could affect cash flow and increase the risk of bad debts[85]. - The company is actively pursuing mergers and acquisitions to expand its business, which introduces additional financial risks and requires stringent management[86].