SSET(SZ:300540)2021-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥167,422,695.27, a decrease of 7.80% compared to ¥181,578,741.43 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥3,946,560.06, down 57.92% from ¥9,378,003.69 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,892,104.48, a decline of 60.75% compared to ¥7,368,685.70 in the same period last year[22]. - The net cash flow from operating activities was -¥48,362,505.55, a significant decrease of 1,579.43% from ¥3,268,991.47 in the previous year[22]. - Basic earnings per share were ¥0.0317, down 57.85% from ¥0.0752 in the same period last year[22]. - Revenue for the reporting period was RMB 167.42 million, a decrease of 7.80% compared to the previous year, while operating costs decreased by 9.19%[50]. - The company reported a net loss of 3,740,759.79 attributed to profit distribution, which includes allocations to surplus reserves[169]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,252,538,728.84, an increase of 4.08% from ¥1,203,465,169.75 at the end of the previous year[23]. - Total liabilities as of June 30, 2021, were CNY 648,528,878.02, up from CNY 614,334,795.05 at the end of 2020[139]. - The company's equity attributable to shareholders increased to CNY 581,923,942.91 from CNY 566,877,054.61, showing a growth of about 2.7%[139]. - The total amount of new contracts signed during the reporting period was approximately RMB 85.82 million, mainly involving liquefaction devices and highway supporting equipment[42]. Research and Development - The company has established a technical innovation management system to enhance the capabilities of its R&D personnel and maintain technological advantages[34]. - Research and development investment increased by 10.88% to ¥7,723,769.12, reflecting the company's commitment to innovation[56]. - The company is focusing on the development of hydrogen liquefaction, helium extraction, and liquid air energy storage technologies, aligning with national carbon neutrality goals[31]. - The company has initiated research and development for new products aimed at increasing market competitiveness[172]. Shareholder and Control Changes - The company completed a change of control, with the controlling shareholder now being Sichuan Jiaotou Industrial Co., Ltd., and is drafting a new development strategy for the "14th Five-Year Plan"[31]. - The company underwent a change in control, resulting in the resignation of several board members and the election of new directors on February 8, 2021[77][78]. - The new controlling shareholder is Sichuan Jiaotou Industrial Co., Ltd., effective January 14, 2021[127]. Risk Management - The company has strengthened risk control measures for new contracts, leading to a decrease in new contract amounts and operating income compared to the same period last year[34]. - The company faces risks related to the collection of accounts receivable, with a significant balance that could impact asset quality and financial status if not managed effectively[71]. - The company is enhancing its accounts receivable management and debt collection strategies to mitigate financial risks[71]. Environmental and Social Responsibility - The company has established an environmental management system in compliance with GB/T 24001-2016 / ISO14001:2015 standards and has not faced any administrative penalties for environmental violations[83]. - The company is actively promoting the development of green energy projects, including LNG and hydrogen energy, and has initiated several projects in Qinghai and Ningxia[87]. Financing Activities - The company applied for a loan of 100 million CNY from its controlling shareholder, with a current balance of 70 million CNY[41]. - The company reported a substantial increase in cash flow from financing activities, amounting to ¥75,975,104.05, representing a 304.13% increase due to higher loan amounts[56]. - The company raised ¥185 million in borrowings during the first half of 2021, significantly higher than ¥28 million in the same period of 2020, indicating increased financing activities[154]. Market and Industry Trends - In 2020, China's natural gas consumption grew by 7.6%, with total production reaching 188.8 billion cubic meters, marking a 9.8% year-on-year increase[35]. - The hydrogen energy industry in China saw an investment scale of 71.2 billion CNY in 2020, with 51.5 billion CNY specifically in the fuel cell industry chain[39]. - The expected market for comprehensive energy equipment is vast, with over 150 million slow charging interfaces projected by 2035[40]. Corporate Governance - The company held three shareholder meetings during the reporting period, with participation rates of 49.45%, 29.45%, and 47.97% respectively[76]. - The company plans to implement a three-year shareholder return plan (2021-2023) to ensure appropriate returns to shareholders based on its profitability and operational needs[84].