Financial Performance - The company's operating revenue for the first half of 2015 was ¥688,370,758.78, a decrease of 34.32% compared to ¥1,048,081,532.77 in the same period last year[17]. - Net profit attributable to shareholders increased by 132.50% to ¥7,478,499.29 from ¥3,216,513.56 year-on-year[17]. - The net profit after deducting non-recurring gains and losses rose by 205.02% to ¥6,427,661.26 compared to ¥2,107,273.83 in the previous year[17]. - Basic and diluted earnings per share increased by 131.82% to ¥0.051 from ¥0.022 year-on-year[18]. - The weighted average return on net assets rose to 1.529% from 0.668%, an increase of 0.861 percentage points[18]. - Total assets increased by 29.01% to ¥1,196,633,832.44 from ¥927,525,689.23 at the end of the previous year[17]. - Net profit for the first half of 2015 was CNY 7.48 million, representing a year-on-year increase of 132.50%[23]. - The gross profit margin for the wind power segment increased by 11.84 percentage points compared to the previous year[29]. Cash Flow and Investments - The net cash flow from operating activities decreased by 84.10% to ¥18,157,701.45 from ¥114,209,003.64 in the same period last year[17]. - The company’s investment activities resulted in a net cash outflow of CNY 55.11 million, primarily due to payments for wind power equipment[27]. - The company’s financing activities generated a net cash inflow of CNY 175.69 million, attributed to new bank loans[27]. - The company reported a net cash flow from operating activities of CNY 18.16 million, a decline of 84.10% year-on-year[27]. - The company generated 909,801,119.50 in cash from sales of goods and services, a decrease of approximately 30% compared to 1,292,604,651.82 in the previous year[88]. - The company reported a cash outflow of 895,100,207.36 from operating activities, down from 1,181,820,759.97 in the same period last year, indicating a reduction of about 24%[89]. Revenue Sources - The increase in profits was primarily driven by the wind power industry and rental income from properties[18]. - Wind power project revenue reached CNY 27.02 million, up 12.22% year-on-year, with a gross profit margin of 56.92%[29]. - Trade business revenue decreased to CNY 644.67 million, down 36.21% from the previous year[29]. - Property rental income increased by 32.26% to CNY 5.14 million, with a gross profit margin of 76.43%[29]. Legal and Compliance Issues - The company is involved in multiple lawsuits related to lease agreements, with claims including penalties of 96,600 CNY and daily rental fees of 1,610 CNY[44]. - The court ruled in favor of the plaintiff, requiring the defendants to vacate the leased properties within two months and pay daily rental fees of 3,220 CNY from August 16, 2012, until the property is returned[44]. - The company has ongoing legal proceedings related to rental agreements that have not been fulfilled by the lessees[46]. - The company has incurred legal costs related to the disputes, which are to be borne by the defendants[46]. Shareholder Information - The total number of shareholders as of the end of the reporting period is 11,538[63]. - The largest shareholder, Shanghai Hongchangsheng Group Co., Ltd., holds 48,373,895 shares, accounting for 32.83% of the total shares[65]. - The company plans to distribute dividends in cash, stock, or a combination of both, with a minimum cash distribution of 30% of the distributable profit for the years 2012-2014[56]. Asset Management and Strategy - The company is focusing on enhancing property management capabilities to improve profitability[24]. - The company has established a comprehensive internal control system, enhancing its management processes and ensuring compliance with regulatory requirements[32]. - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[70]. - The company’s focus on asset management and investment management suggests a strategy aimed at maximizing returns on investments[107]. Accounting Policies and Financial Reporting - The financial statements are prepared in accordance with the Accounting Standards for Business Enterprises issued by the Ministry of Finance[110]. - The company recognizes goodwill when the initial investment cost exceeds the fair value of identifiable net assets acquired in a non-common control merger[116]. - The company applies the aging analysis method to provision for bad debts, with a 100% provision rate for receivables over 4 years old[138]. - The company recognizes impairment losses for held-to-maturity investments based on the difference between their carrying amount and the present value of expected future cash flows[136]. Corporate Governance - The company has appointed new independent directors, indicating a potential shift in governance and strategic direction[70]. - The company has established a corporate culture team to enhance communication and cohesion within the organization, contributing to its soft power[33]. - The company has not reported any significant penalties or corrective actions involving its directors, supervisors, or senior management[60].

Financial Performance - The company's operating revenue for 2014 was approximately CNY 2.12 billion, a decrease of 3.27% compared to CNY 2.19 billion in 2013[26]. - The net profit attributable to shareholders for 2014 was CNY 7.96 million, representing a 19.52% increase from CNY 6.66 million in 2013[26]. - The net cash flow from operating activities improved significantly to CNY 145.52 million in 2014, compared to a negative cash flow of CNY 27.42 million in 2013, marking a 630.78% increase[26]. - The total assets of the company at the end of 2014 were CNY 927.53 million, reflecting a 7.78% increase from CNY 860.60 million at the end of 2013[26]. - The company’s weighted average return on equity increased to 1.65% in 2014, up from 1.39% in 2013, an increase of 0.254 percentage points[27]. - The basic earnings per share for 2014 was CNY 0.054, a 19.47% increase from CNY 0.0452 in 2013[27]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching CNY 3.64 million in 2014, a 126.37% increase from CNY 1.61 million in 2013[26]. - In 2014, the company achieved a total revenue of 2.123 billion RMB, with a net profit of 7.9582 million RMB, representing a year-on-year growth of 19.52%[32]. Dividend Policy - The company plans to distribute a cash dividend of 0.17 CNY per 10 shares, totaling 2,504,858.06 CNY for the year 2014[2]. - The company will not convert its capital reserve into share capital for 2014, with remaining undistributed profits carried forward to the next year[2]. - The company reported a cash dividend of 0.15 RMB per 10 shares for 2013, totaling 2,210,110.75 RMB, which accounted for 33.19% of the net profit attributable to shareholders[75]. - For 2014, the proposed cash dividend is 0.17 RMB per 10 shares, totaling 2,504,858.06 RMB, representing 31.48% of the net profit attributable to shareholders[78]. - The company has established a complete cash dividend policy, ensuring transparency and protection of minority shareholders' rights during the decision-making process[75]. Wind Power Operations - The company operates the Inner Mongolia Zhuozi Bayin Xile Wind Farm, which has an average wind speed of 9.8 m/s at 65m height and 10.0 m/s at 74m height, indicating a strong wind resource[9]. - The company emphasizes the importance of high-quality wind resources for sustainable development in the wind power sector[9]. - The company is classified as a capital-intensive enterprise, requiring significant investment in large wind power equipment[9]. - The company has successfully connected its first phase wind farm in Inner Mongolia to the grid and is progressing with the second phase project, which has received project approval[20]. - The company is actively preparing for the second phase of the wind power project, with site selection and equipment procurement already completed[34]. - The company aims to complete the construction and operation of the second phase of the wind power project to create greater profit margins[60]. - The company's wind power project has entered a stable operation phase, generating significant profits, with the second phase of the wind power project under active construction[52]. Risk Management - The company emphasizes risk prevention in its trading department due to the declining copper prices, which fell from 52,500 yuan to around 44,500 yuan[59]. - The company has implemented stricter trade supervision to manage risks associated with market fluctuations[40]. - The company acknowledges the risks associated with wind resource fluctuations and the impact on profitability, emphasizing the need for effective risk management strategies[67]. - The company is focused on establishing a comprehensive internal control system over the next five years to mitigate risks and prevent fraud, ensuring compliance and asset security[64]. - The company emphasizes the importance of financial risk management, aiming to improve capital turnover and optimize resource allocation to support its expanding investment needs[68]. Corporate Governance - The company has received a standard unqualified audit report from its accounting firm[3]. - The company has maintained independence from its controlling shareholder in business, personnel, assets, and financial aspects[152]. - The board of directors is responsible for establishing and implementing effective internal controls, with the supervisory board overseeing this process[155]. - The company has established a framework for related party transactions to ensure compliance with market pricing standards[89]. - The company ensures equal treatment of all shareholders, particularly minority shareholders, in accordance with legal requirements[138]. - The company has a total of 4 specialized committees under the board of directors, including the Strategy Development Committee and the Audit Committee[140]. Social Responsibility - The company emphasizes its commitment to social responsibility, ensuring accurate information disclosure and protecting shareholder interests[79]. - The company donated a total of 48,000 RMB to support 11 underprivileged students in 2014[80]. - The company actively fulfills its corporate social responsibility by organizing targeted charitable activities for impoverished students[80]. - The company emphasizes the importance of social harmony while developing its business[80]. Market and Investment Strategy - The company aims to transform into a significant player in the renewable energy sector, particularly in wind power, leveraging government support and policy incentives[34]. - The company plans to enhance its property leasing business by conducting market research and optimizing property design to attract strong clients[60]. - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[164]. - The company plans to invest a total budget of CNY 350.48 million for the Phase II project of the 49.5MW wind farm, with CNY 200 million expected to be financed through bank loans[65]. Financial Adjustments and Compliance - The company implemented changes to its accounting policies, adopting eight new accounting standards effective from January 26, 2014, which did not affect the net assets at the beginning or end of the year[70]. - The company adjusted the classification of long-term equity investments, impacting only the presentation of financial statements without affecting net assets[71]. - The company’s long-term prepaid expenses were reclassified, which also did not impact net assets[72]. - The company’s adjustments to tax payable balances were reflected in non-current assets, maintaining net asset integrity[73]. - The company made adjustments to its financial reporting standards, which did not affect the net assets at the beginning or end of the year[108].