Financial Performance - The company's consolidated revenue for the six months ended June 30, 2022, was RMB 36.4 million[4]. - The profit attributable to equity holders of the company was RMB -17.77 million, resulting in a loss per share of RMB -0.0205[4]. - Operating revenue for the current period reached CNY 36,398,794.86, representing a 27.96% increase compared to the same period last year[30]. - Net profit attributable to shareholders was CNY -17,771,697.62, a 50.36% decline from CNY -11,819,705.03 in the previous year[30]. - The company's revenue for the reporting period was RMB 36.4 million, an increase of 28% compared to RMB 28.45 million in the same period last year[75]. - The net loss attributable to shareholders was RMB 17.77 million, with a loss per share of RMB 0.0205[75]. - The company reported a net loss of ¥17,880,458.74 for the first half of 2022, worsening from a loss of ¥11,853,553.23 in the same period of 2021[193]. - The total comprehensive income for the first half of 2022 was -16,589,098.86 CNY, worsening from -11,572,089.60 CNY year-over-year[200]. - The company continues to face challenges in maintaining profitability, as indicated by the increased net loss year-over-year[196]. Financial Position - Total assets decreased by 5.57% to CNY 183,602,625.72 from CNY 194,427,879.43 at the end of the previous year[33]. - Total liabilities increased by 1.59% to CNY 367,727,760.81 from CNY 361,963,915.66 at the end of the previous year[33]. - The company's equity attributable to shareholders showed a decline, with a total of CNY -186,185,382.16 as of June 30, 2022, compared to CNY -169,697,083.93 at the end of 2021[173]. - The company has a negative equity of RMB -186,185,382.16 as of June 30, 2022, indicating a debt-to-asset ratio of 200.28%[120]. - The total assets as of June 30, 2022, amounted to ¥307,070,039.42, a decrease from ¥310,074,996.63 at the end of 2021[187]. - Total liabilities decreased to ¥200,933,624.46 as of June 30, 2022, down from ¥202,136,402.48 at the end of 2021, reflecting a reduction of approximately 0.6%[183]. Cash Flow - The company reported a net cash flow from operating activities of CNY -10,708,561.48, which is a 21.20% increase in outflow compared to CNY -8,835,387.64 in the previous year[35]. - The cash inflow from sales of goods and services surged by 263.51% to ¥87,463,461.05, accounting for 240.29% of operating revenue[93]. - The company's cash and cash equivalents decreased by 11.26% to ¥16,545,067.01, accounting for 9.01% of total assets[89]. - The company's cash and cash equivalents decreased to ¥7,393.51 from ¥18,629.59, indicating a decline of about 60.3%[176]. Corporate Governance - The board of directors confirmed that the financial report is true, accurate, and complete, with no false records or major omissions[4]. - The report was reviewed and approved by the board meeting held on August 30, 2022[4]. - The company did not declare any interim dividends for the six months ending June 30, 2022[76]. - The company plans not to distribute cash dividends or issue bonus shares for the fiscal year[127]. Shareholder Information - The total number of shares before the change was 873,370,000, with 99.31% being unrestricted shares[51]. - The number of shareholders holding more than 5% of ordinary shares was 37,355, with the largest shareholder, Hong Kong Central Clearing (Agent) Co., Ltd., holding 29.54%[54]. - The largest shareholder, Beijing Haihongyuan Investment Management Co., Ltd., holds 9.33% of the shares, totaling 81,494,850 shares[54]. - The company confirmed that the public shareholding is sufficient as of June 30, 2022[56]. Operational Highlights - The company has developed five new products, including fully insulated busbars and smart bus dehumidification systems, resulting in over RMB 10 million in revenue from new products[78]. - The company secured a contract worth RMB 14.27 million for a closed busbar project in the Hami region, marking its entry into the pumped storage power market[79]. - The company has been recognized as a high-tech enterprise in Liaoning Province, enhancing its competitive edge in the market[78]. - The company maintains a strong production capacity and advanced manufacturing capabilities in the power transmission and transformation equipment sector[79]. - The company expanded its hotel business by adding 6 new hotels, contributing to steady revenue growth[94]. Strategic Initiatives - The company is actively pursuing strategic transformation to mitigate risks associated with its A-share market exit and to ensure sustainable development[83]. - The management aims to improve operational efficiency and core competitiveness to reverse the current loss situation[84]. - The company is focusing on enhancing its operational efficiency to address the ongoing financial challenges[200]. Legal and Compliance - Fushun Electric Porcelain has filed a lawsuit against Northeast Electric for joint liability regarding a debt of RMB 11,258,221.34 due to a contract dispute[131]. - Northeast Electric incurred a loss of RMB 170.46 million due to a court ruling that did not recognize a payment as fulfilling a judgment, leading to a claim for the return of the amount[133]. - The company reported no significant post-balance sheet events as of the reporting date[158]. - The audit committee confirmed the financial accounting principles and methods adopted for the half-year results ending June 30, 2022[157].
东北电气(00042) - 2022 - 中期财报