XAYS(000721)2021-08-24 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥255,069,605.64, representing a 97.56% increase compared to ¥129,108,871.22 in the same period last year[23]. - The net profit attributable to shareholders was -¥61,780,447.83, an improvement of 11.72% from -¥69,979,855.42 in the previous year[23]. - The net cash flow from operating activities was -¥12,776,321.83, showing a 36.66% improvement compared to -¥20,171,500.11 in the same period last year[23]. - The company's operating revenue for the reporting period was approximately ¥255.07 million, representing a year-on-year increase of 97.56% compared to ¥129.11 million in the same period last year[35]. - The revenue from the restaurant service segment was CNY 191,761,359.01, accounting for 75.18% of total revenue, with a year-on-year growth of 106.98%[37]. - The company reported a net loss of CNY 47,767,311.04 for the first half of 2021, compared to a profit of CNY 14,013,136.79 in the same period of 2020[113]. - The total comprehensive income for the first half of 2021 was a loss of CNY 43.16 million, compared to a loss of CNY 56.23 million in the same period of 2020[125]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,378,277,409.75, a 9.69% increase from ¥1,256,480,021.35 at the end of the previous year[23]. - The total liabilities increased to CNY 811,437,553.99 from CNY 626,912,557.82, marking an increase of around 29.3%[113]. - The company's cash and cash equivalents decreased by CNY 119,641,279.78, a decline of 1.60% from the previous period[37]. - The company's long-term borrowings decreased significantly from CNY 53,752,707.47 to CNY 3,683,766.50, a reduction of about 93.2%[113]. - Current assets decreased to CNY 268,718,072.80 from CNY 383,212,970.17, reflecting a decline of about 29.9%[112]. Shareholder Equity - The total equity attributable to shareholders decreased to CNY 565,595,119.08 from CNY 627,375,566.91, a decline of approximately 9.9%[113]. - The total equity of the company decreased to CNY 718,998,057.90 in the first half of 2021, down from CNY 762,155,002.24 in the same period of 2020, a decline of about 5.7%[120]. - The total equity attributable to the parent company's shareholders at the end of the current period is ¥549,843,353.24, down from ¥620,405,415.69 at the end of the previous period[138]. Operational Costs - The company's operating costs increased by 75.97% to approximately ¥198.40 million, primarily due to the significant rise in revenue[35]. - Total operating costs for the first half of 2021 were CNY 322,796,919.64, up from CNY 201,549,718.06 in the previous year, indicating an increase of about 60.1%[120]. - The company's financial expenses for the first half of 2021 were CNY 10,364,381.68, significantly higher than CNY 2,652,076.50 in the same period of 2020, indicating an increase of about 290.5%[120]. Market Position and Strategy - The company is positioned as a leading player in the restaurant industry, ranking 33rd in the 2020 China Top 50 Dining Groups[31]. - The company is actively expanding its market presence through innovative strategies, including digital transformation and product upgrades[31]. - The company launched over 1,000 new dishes and 30 cultural banquet themes, enhancing its brand and product offerings in the market[31]. Cash Flow - The cash flow from operating activities showed a net outflow of CNY 12.78 million, which is an improvement from a net outflow of CNY 20.17 million in the same period last year[128]. - The total cash inflow from investment activities was CNY 54.93 million, while cash outflow was CNY 139.32 million, resulting in a net cash outflow of CNY 84.40 million[130]. - The ending cash and cash equivalents balance increased to ¥140,999,973.63 in H1 2021, up from ¥78,377,677.41 in H1 2020, a growth of 79.9%[133]. Corporate Governance - The company has not declared any cash dividends or stock bonuses for the half-year period, nor has it implemented any employee stock ownership plans[55][56]. - There were no significant litigation or arbitration matters during the reporting period[71]. - The company did not engage in any major related party transactions during the reporting period[72]. Financial Reporting and Compliance - The half-year financial report has not been audited[68]. - The financial statements are prepared in accordance with the Enterprise Accounting Standards, ensuring a true and complete reflection of the company's financial status[146]. - The company has not made any significant changes in accounting policies or corrections of prior period errors during the current reporting period[138].