津膜科技(300334) - 2020 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2020 was ¥162,031,901.93, a decrease of 33.51% compared to ¥243,695,274.54 in the same period last year[18]. - The net profit attributable to shareholders was a loss of ¥41,625,121.71, representing a decline of 146.36% from a loss of ¥16,896,337.13 in the previous year[18]. - The total profit for the period was -¥41,286,450.81, representing a decline of 169.07% compared to the previous year[34]. - The net profit attributable to the parent company was -¥41,625,121.71, down 146.36% year-on-year[34]. - The net loss for the first half of 2020 was ¥41,808,316.24, compared to a net loss of ¥16,857,231.26 in the same period of 2019, indicating a significant increase in losses[159]. - The company's operating profit (loss) for the first half of 2020 was -¥45,316,226.45, worsening from -¥16,852,080.12 in the previous year[159]. - The total comprehensive loss for the first half of 2020 was -¥41,808,316.24, compared to -¥16,857,231.26 in the previous year[160]. - The company reported a net loss of CNY 18,603,314 for the first half of 2020, compared to a profit in the same period of the previous year[183]. Cash Flow - The net cash flow from operating activities was ¥59,791,251.42, down 24.52% from ¥79,215,539.45 in the same period last year[18]. - The net cash flow from operating activities for the first half of 2020 was CNY 59,791,251.42, a decrease from CNY 79,215,539.45 in the same period of 2019, reflecting a decline of approximately 24.5%[166]. - Total cash inflow from operating activities was CNY 297,604,102.89, while cash outflow was CNY 237,812,851.47, resulting in a net cash inflow of CNY 59,791,251.42[166]. - The company reported a total cash inflow from financing activities of CNY 257,068,884.00, while cash outflow was CNY 341,350,862.57, leading to a net cash outflow of CNY 84,281,978.57[167]. - The ending balance of cash and cash equivalents decreased to CNY 60,643,081.15 from CNY 131,422,176.51 year-over-year, indicating a decline of approximately 53.8%[167]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,947,635,429.87, a decrease of 3.61% from ¥2,020,568,158.97 at the end of the previous year[18]. - The total liabilities decreased from CNY 1,111,780,507.78 to CNY 1,082,205,076.23, a decline of approximately 2.6%[151]. - The company's total equity decreased from CNY 908,787,651.19 to CNY 865,430,353.64, a decline of about 4.8%[152]. - The company's total equity at the end of the reporting period was 1,748.6 million yuan, with a capital reserve of 1,075 million yuan[176]. Research and Development - Research and development projects included the development of complete equipment for seawater utilization and advanced technologies for urban sewage treatment[34]. - The company has established a strong research and development capability, supported by national-level laboratories and engineering design qualifications[30]. - The company aims to enhance its core competitiveness through continuous technological innovation and integration of resources[30]. - Research and development investment decreased by 21.97% to CNY 20,871,637.75 compared to the previous year[37]. - The company is committed to research and development of new technologies in water treatment and membrane separation[188]. Operational Risks and Management - The company faces operational risks, which are discussed in detail in the report[4]. - The company focused on strict cost control and risk management to enhance operational efficiency during the reporting period[34]. - The company has implemented strict management of accounts receivable, including setting up a dedicated collection team for large or aged receivables[62]. - The company emphasizes talent retention and development, facing risks related to the potential loss of key technical and management personnel[63]. Shareholder and Equity Information - The company’s total share capital is 302,065,356 shares, with 96.61% being unrestricted shares[123]. - The company’s limited shares decreased from 10,241,289 to 9,386,332, a reduction of 854,957 shares, representing a decline of approximately 8.35%[123]. - The largest shareholder, Tianjin Membrane Technology Co., Ltd., holds 21.19% of shares, totaling 64,004,465 shares[131]. - The company did not distribute cash dividends or issue new shares from capital reserves during the reporting period[70]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[100]. - The company has reported a total COD discharge of 527 tons, with no instances of exceeding discharge standards[100]. - Environmental self-monitoring measures include 24-hour online monitoring of various pollutants, with monthly and quarterly third-party testing conducted[106][107]. - The company has completed environmental impact assessments and obtained necessary permits for its projects[104]. Legal and Regulatory Matters - The company has not experienced any major litigation or arbitration matters during the reporting period[75]. - The company reported a loan dispute with Jiangsu Mountain Spring Membrane Environmental Engineering Co., with a claim for repayment of RMB 19.2 million and corresponding interest[77]. - The company has ongoing litigation regarding unpaid project funds amounting to RMB 19.3 million from Tianjin Huashui Company[77]. Accounting Policies and Standards - The financial report is prepared in accordance with the accounting standards issued by the Ministry of Finance of China[190]. - The company has specific accounting policies for accounts receivable, fixed asset depreciation, intangible asset amortization, and revenue recognition[192]. - The accounting period follows the calendar year, from January 1 to December 31[194].