Jinyu Car City (000803): Net Loss In The First Half Of 49 Million 616 Thousand And 600 Yuan

000803.SZ issued its semi annual report in 2019, operating income of 11 million 272 thousand and 900 yuan, down 94.15% compared to the same period last year, a net loss of 49 million 616 thousand and 600 yuan attributable to shareholders of listed companies, a profit of 1 million 445 thousand and 100 yuan in the same period last year, a net loss of non recurring loss attributable to shareholders of listed companies, and a basic loss of 0.39 yuan per share.

In the first half of 2019, the company took the investment, service and operation and maintenance fields of new energy equipment as the strategic direction of the company's business transformation at the beginning of the year. Combined with the actual situation of the company's industrial transformation needs liquidity and supporting projects, it formulated the stock incentive plan and the non-public offering stock plan, but ultimately failed to pass the shareholder's disagreement on the proposal. The company is trapped in financial difficulties, lawsuits are ridden, and the performance in the reporting period has declined considerably. The reporting period only achieved 11 million 272 thousand and 900 yuan in operating income, 94.15% less than that in the same period last year, and realized net profit of -4961.66 million attributable to shareholders of listed companies.

Among them, the new energy electrical equipment business, since the "5. 31 photovoltaic policy" in 2018, the company's controlling subsidiary, Chi Lin electric business has been under impact, so far it has not improved. Its liquidity tension has not improved, and there are more accumulative litigation, which seriously affects its business development. During the reporting period, the new energy electrical equipment business achieved only 1 million 115 thousand and 100 yuan of business revenue, a decrease of 99.03% compared with the same period last year.

In the original traditional business, silk and automobile sales have been withdrawn in the second half of 2018. During the reporting period, income from property management was 7 million 753 thousand and 100 yuan, a slight increase of 5.67% over the same period last year. The real estate sales revenue is 12 thousand and 400 yuan, which is due to the difference in area.

The operation of the North Power Intelligent Cloud operation and maintenance business of the controlling shareholder has achieved 2 million 392 thousand and 300 yuan in the reporting period.