CSSD(601512)2024-08-26 07:55Financial Performance - The company's operating revenue for the first half of 2024 was CNY 1,511,416,337.52, a decrease of 20.88% compared to CNY 1,910,394,654.99 in the same period last year[14]. - The net profit attributable to shareholders of the listed company was CNY 561,641,718.00, down 27.14% from CNY 770,860,484.08 in the previous year[14]. - Basic earnings per share for the first half of 2024 were CNY 0.37, a decrease of 27.45% from CNY 0.51 in the same period last year[14]. - The diluted earnings per share were also CNY 0.37, reflecting the same decrease of 27.45% compared to the previous year[14]. - The company reported a decrease of 22.08% in net profit after deducting non-recurring gains and losses, amounting to CNY 552,623,550.57 compared to CNY 709,241,107.19 last year[14]. - The company reported a net profit for the first half of 2024 of CNY 164,253,312.58, down from CNY 252,565,269.33 in the first half of 2023, representing a decline of about 35%[161]. - The total comprehensive income for the first half of 2024 was CNY 498,522,560.40, compared to CNY 653,000,862.16 in the same period of 2023[165]. Cash Flow and Assets - The net cash flow from operating activities increased by 64.01% to CNY 557,356,575.93, compared to CNY 339,827,523.03 in the same period last year[14]. - The company's cash flow from operating activities showed improvement, with a net cash inflow of CNY 785,365,834.65 compared to CNY 1,127,914,367.22 in the previous year[161]. - Cash and cash equivalents at the end of the first half of 2024 were CNY 3,276,255,207.89, down from CNY 4,353,454,484.90 at the end of the first half of 2023[168]. - The total assets at the end of the reporting period were CNY 35,454,672,495.57, reflecting a 1.20% increase from CNY 35,035,731,323.56 at the end of the previous year[14]. - The company's cash and cash equivalents decreased to CNY 3,449,056,724.24 from CNY 3,858,068,723.43, representing a decline of 10.59%[156]. - The total liabilities reached CNY 16,201,269,380.42, up from CNY 15,929,288,054.33, indicating an increase of 1.70%[157]. Investments and Projects - The company has invested in various sectors including information technology, high-end equipment, and new energy materials, covering all stages from early to mature phases[21]. - The company has established an industrial investment fund totaling 800 million RMB, focusing on early to mid-stage investments in key industries such as life sciences, information technology, and high-end equipment[28]. - The company has cumulatively delivered approximately 526,000 square meters of projects in various districts, with a total building area of about 1.5 million square meters in the regional development[49]. - The company has introduced over 2,540 projects to the park, with more than 600 technology projects and a total of 191 billion USD in registered foreign investment[36]. - The company has signed 22 new projects at the Singapore International Business Cooperation Center, bringing the total to over 130 projects, including more than 30 high-quality technology enterprises[36]. Environmental and Social Responsibility - The company is focusing on green development, with initiatives in green power generation, emission reduction, and green services to support low-carbon operations[29]. - The company has established a comprehensive environmental management system to ensure compliance with discharge standards[88]. - The actual emissions for hazardous air pollutants in the first half of 2024 were all reported as zero, indicating compliance with emission standards[93]. - The company has facilitated local employment and entrepreneurship through various initiatives, including the development of a 30-acre peach orchard[104]. - The company has improved rural infrastructure and environment, enhancing the living conditions in local villages[104]. Corporate Governance and Compliance - The company held its annual general meeting on May 10, 2024, where all proposals were approved without any dissenting votes[79]. - The company confirms that the prospectus for its initial public offering (IPO) does not contain any false records, misleading statements, or significant omissions, and it assumes legal responsibility for its authenticity, accuracy, and completeness[108]. - The company will publicly apologize if it fails to fulfill its commitments and will not transfer its shares until the commitments are fulfilled[115]. - The company has not received any penalties or corrective actions related to violations of laws or regulations during the reporting period[118]. - The company has not disclosed any major related party transactions during the reporting period[118]. Financial Ratios and Performance Metrics - The current ratio decreased to 1.99 from 2.19, a decline of 9.13%[155]. - The debt-to-asset ratio increased slightly to 45.70% from 45.47%, showing a change of 0.23%[155]. - The interest coverage ratio decreased to 5.32 from 7.30, a decline of 27.12%[155]. - The cash interest coverage ratio improved to 6.10 from 5.27, an increase of 15.75%[155]. - The company's total interest-bearing debt decreased by 1.96% year-on-year, from CNY 44.48 billion at the beginning of the period to CNY 43.61 billion at the end of the period[149].