Financial Performance - Total operating revenue for the first half of 2015 was CNY 161,936,467.97, a decrease of 3.76% compared to CNY 168,265,778.53 in the same period last year[18]. - Net profit attributable to ordinary shareholders was CNY 33,427,425.78, down 16.50% from CNY 40,031,563.69 year-on-year[18]. - Basic earnings per share decreased to CNY 0.84, down 16.00% from CNY 1.00 in the same period last year[18]. - The gross profit margin for the overall business was 53.21%, reflecting a decrease of 4.71% compared to the previous year[38]. - The company reported a decrease in short-term borrowings, which were previously at ¥30,000,000.00[109]. - The total profit for the period was CNY 38,655,971.76, down 17.5% from CNY 47,079,665.01 in the first half of 2014[117]. - The company reported a profit distribution of -24,003,000.00 CNY to shareholders[139]. Cash Flow and Liquidity - Net cash flow from operating activities was CNY 4,571,174.90, a significant decline of 67.25% compared to CNY 13,958,199.14 in the previous year[18]. - The total cash inflow from financing activities was 416,330,700.00 CNY, significantly higher than 30,000,000.00 CNY in the previous period[126]. - The net increase in cash and cash equivalents was 387,250,017.47 CNY, compared to 39,341,199.88 CNY in the previous period, indicating a substantial improvement[126]. - The cash flow from operating activities showed a net increase of 4,370,394.26 CNY, a recovery from a negative cash flow of -2,984,896.75 CNY in the previous period[128]. - The company experienced a significant increase in cash and cash equivalents, with a net increase of CNY 387.25 million, up 884.34% due to fundraising activities[34]. Assets and Liabilities - Total assets increased by 85.05% to CNY 893,078,324.69 from CNY 482,607,815.45 at the end of the previous year[18]. - Total liabilities decreased to ¥134,513,716.51 from ¥143,379,879.72, a reduction of about 6.0%[109]. - Owner's equity surged to ¥758,564,608.18 from ¥339,227,935.73, indicating an increase of approximately 123.5%[110]. - Accounts receivable increased by 43.59% to CNY 197.74 million, indicating a decrease in cash collection[34]. Research and Development - R&D expenses increased by 7.12% to 9.95 million, with a new patent obtained for a safety sealing device[32]. - The company continues to focus on the development of high-parameter mechanical seals to meet industry standards[18]. - The company is focusing on developing high-temperature and high-pressure mechanical seals for diesel hydrogenation, aiming to establish a leading position in this technology domestically[45]. Market and Competition - The company plans to deepen its focus on high-quality customers and expand into new application fields to mitigate revenue decline from main equipment manufacturers[24]. - The company’s market share remains below 10%, indicating potential for further growth through new product launches and quality improvements[29]. - The company faces risks from the macroeconomic slowdown affecting downstream industries like petrochemicals and coal chemicals, leading to reduced demand and increased competition in the mechanical seal industry[46][48]. Corporate Governance and Compliance - The company has not made any adjustments to previous accounting data due to policy changes or errors[17]. - The company has committed to a profit distribution policy that is set to last until December 31, 9999, and is being fulfilled normally[85]. - The company has not conducted any major asset acquisitions, sales, or mergers during the reporting period[72]. - The company has not engaged in any major asset acquisitions, sales, or mergers during the reporting period[72]. Shareholder Information - The total number of shareholders at the end of the reporting period is 13,124[95]. - The largest shareholder, Chuanji Investment, holds 27.50% of the shares, totaling 14,666,000 shares[95]. - The company has a total of 40,000,000 shares, with 100% being limited shares before the change, and after the change, 74.99% remain limited shares[90]. Financial Reporting and Audit - The financial report for the first half of 2015 has not been audited[105]. - The company has not conducted an audit for the semi-annual financial report[88]. - The financial statements are prepared based on the accounting standards and reflect the company's financial status accurately[146].