000621SZSE

Summary of *ST Bit Technology Co., Ltd. 2004 Semi-Annual Report

*ST Bit Co., Ltd.··12 pages

✨ AI Summary

This semi-annual report summary provides an overview of *ST Bit Technology Co., Ltd.'s financial performance for the first half of 2004. The company reported a net profit of 1,132,283.63 RMB, a significant recovery from a loss of 97,380,686.65 RMB in the same period last year. Key actions include debt restructuring and asset swaps aimed at improving financial stability and operational capacity. The report highlights ongoing liquidity risks and the need for continued asset management efforts.

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Full Translation

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Important Notes

1.1 The Board of Directors and its members guarantee that the information contained in this report does not have any false records, misleading statements, or major omissions, and bear individual and joint responsibility for the authenticity, accuracy, and completeness of its content. This semi-annual report summary is extracted from the full semi-annual report, which is also published in the "China Securities Journal" and on the Giant Tide Information Network (http://www.cninfo.com.cn). Investors wishing to understand the detailed content should carefully read the full semi-annual report. 1.2 No director has declared that they cannot guarantee the authenticity, accuracy, and completeness of the semi-annual report content or has any objections. 1.3 Mr. Xie Tianjun and Mr. Zhou Yage did not personally attend this board meeting due to work reasons and have authorized Chairman Mr. Lü Bangbai and Director Mr. Zhang Lu to attend and exercise voting rights on their behalf. Independent Director Mr. Chen Zhanyun did not personally attend this board meeting due to work reasons and has authorized Independent Director Mr. Zhang Youli to attend and exercise voting rights on his behalf. Director Mr. Zheng Yuguang and Independent Director Mr. Dai Xiaobing were unable to attend the meeting due to work reasons. 1.4 Shanghai Lixin Changjiang Certified Public Accountants issued a qualified audit report with an emphasis of matter paragraph for the company. The Board of Directors and the Supervisory Board have provided detailed explanations regarding the relevant matters, and investors are advised to read them carefully. 1.5 The person in charge of the company, Lü Bangbai, and the head of the accounting institution, Du Jian, guarantee the authenticity and completeness of the financial report in the annual report.

Basic Information of the Listed Company

2.1 Basic Information

  • Stock Abbreviation: *ST Bit
  • Stock Code: 000621
  • Listed Exchange: Shenzhen Stock Exchange
  • Secretary of the Board: Huang Yawen
  • Securities Affairs Representative: Mao Cibo
  • Contact Address: Room 1702, Wisdom Plaza, No. 488 Wuning South Road, Shanghai
  • Phone: (021) 52957163 - 106, (021) 52957163 - 105
  • Fax: (021) 52987981
  • Email: huangyw@bittech.com.cn, maocibo@bittech.com.cn

2.2 Key Financial Data and Indicators 2.2.1 Main Accounting Data and Financial Indicators

ItemEnd of Reporting PeriodEnd of Previous YearChange (%)
Current Assets42,801,874.0338,064,180.2112.45%
Current Liabilities277,543,784.29277,777,884.14-0.08%
Total Assets64,795,261.3563,897,077.571.41%
Shareholders' Equity-212,748,522.94-213,880,806.57--
Net Asset per Share-1.42-1.43--
Adjusted Net Asset per Share-1.42-1.43--
Net Profit1,132,283.63-97,380,686.65--
Net Profit (Excluding Non-Recurring Gains and Losses)632,282.63-97,679,569.74--
Earnings per Share0.01-0.65--
Adjusted Earnings per Share0.01----
Return on Equity0.53%-127.20%127.73%
Net Cash Flow from Operating Activities8,422,534.40-11,090,095.58--

2.2.2 Non-Recurring Gains and Losses

ItemAmount (RMB)
Gains from disposal of long-term equity investments, fixed assets, construction in progress, intangible assets, and other long-term assets500,000.00
Total500,000.00

2.2.3 Differences in Domestic and International Accounting Standards

  • Applicable: No

Changes in Share Capital and Shareholder Information

3.1 Changes in Shares

  • Applicable: No

3.2 Shareholding of Top Ten Shareholders

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