LH(SH:600099)2018-08-24 16:00Financial Performance - The company's operating revenue for the first half of 2018 was ¥260,584,838.01, representing a 17.79% increase compared to ¥221,233,358.26 in the same period last year[17]. - The net profit attributable to shareholders of the listed company decreased by 83.92% to ¥218,399.32 from ¥1,358,351.99 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥71,181.33, down 93.41% from ¥1,080,108.99 in the same period last year[17]. - The basic earnings per share decreased by 83.87% to ¥0.0010 from ¥0.0062 in the same period last year[19]. - The weighted average return on net assets decreased to 0.0464% from 0.28% in the previous year[19]. - The operating cost increased to ¥233,187,612.77, reflecting a 17.55% rise from ¥198,367,858.19 year-on-year[33]. - The company reported a total of ¥147,217.99 in non-recurring gains and losses during the reporting period[21]. Assets and Liabilities - The total assets increased by 9.3% to ¥607,537,608.63 from ¥555,846,306.13 at the end of the previous year[18]. - The company's net assets attributable to shareholders increased slightly by 0.05% to ¥470,820,345.43 from ¥470,601,946.11 at the end of the previous year[18]. - Total liabilities were reported at ¥136,717,263.20, an increase from ¥85,244,360.02[70]. - Total current assets increased to CNY 412,190,489.07 from CNY 355,494,362.56, representing a growth of 15.9%[71]. - Total current liabilities rose to CNY 121,897,422.14, compared to CNY 64,756,039.66, indicating an increase of 88.1%[72]. Cash Flow - The net cash flow from operating activities was -¥27,399,638.60, slightly worse than -¥27,162,934.62 in the same period last year[34]. - Cash and cash equivalents at the end of the reporting period were ¥146,747,032.68, down from ¥173,250,518.28 at the beginning of the period[69]. - The company reported a total cash outflow from operating activities of CNY 197,388,219.34, compared to CNY 170,328,722.39 in the previous period[78]. Inventory and Receivables - Accounts receivable increased by 63.98% to ¥130,900,093.07 from ¥79,826,269.72 year-on-year[36]. - Inventory levels rose by 38.52% to ¥117,689,345.44 compared to ¥84,961,355.31 in the previous year[36]. - Accounts receivable increased to ¥130,900,093.07 from ¥79,826,269.72, indicating a significant rise in credit sales[69]. - Inventory at the end of the reporting period was ¥117,689,345.44, compared to ¥84,961,355.31 at the beginning, reflecting an increase in stock levels[69]. Business Operations - The main business includes manufacturing and sales of forestry and garden power machinery, agricultural machinery, and motorcycles[24]. - The company operates primarily on a sales-driven production model, adjusting production based on sales plans or customer orders[25]. - The company aims to enhance product quality and promote a "Quality Year" initiative to improve overall operational standards[31]. - The company is focusing on expanding sales in key products and underperforming regions through various marketing strategies[31]. Related Party Transactions - The company reported a significant related party transaction amounting to ¥117,316,990.80, which accounted for 45.02% of similar transactions[47]. - The company engaged in purchasing goods and components from related parties, with a total transaction amount of ¥6,179,916.41, representing 2.63% of similar transactions[47]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,401[58]. - The largest shareholder, China Fuma Machinery Group Co., Ltd., held 92,256,920 shares, representing 42.10% of total shares[60]. Environmental and Social Responsibility - The company emphasized its commitment to environmental protection and sustainable development, adhering to ISO14001 environmental management system certification[54]. Governance and Compliance - The company reported no major litigation or arbitration matters during the reporting period[46]. - The company has not disclosed any significant changes in accounting policies or estimates compared to the previous accounting period[55]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[46]. Accounting Policies - The financial statements are prepared based on the actual transactions and events, in accordance with the accounting standards issued by the Ministry of Finance[96]. - The company has not made any changes to its accounting policies during the reporting period[98]. - The accounting period for the company is from January 1 to December 31 each year[99]. - The company's functional currency for accounting purposes is the Renminbi (RMB)[101].