NSWRC(SH:600165)2015-08-28 16:00Financial Performance - The company's operating revenue for the first half of 2015 was ¥382,056,483.98, a decrease of 47.84% compared to ¥732,403,316.88 in the same period last year[21]. - The net profit attributable to shareholders was a loss of ¥58,218,083.29, representing a decline of 457.60% from a profit of ¥16,280,171.89 in the previous year[21]. - Basic earnings per share for the first half of 2015 were -¥0.213, a decrease of 461.02% compared to ¥0.059 in the same period last year[22]. - The weighted average return on net assets was -6.529%, a decrease of 8.086 percentage points from 1.557% in the previous year[22]. - The company reported a significant decline in sales volume and prices due to the sluggish coal and steel industries, impacting overall revenue[28]. - The company reported a net loss of ¥146,757,812.73 compared to a loss of ¥88,539,729.44 in the previous period[80]. - The comprehensive income for the current period is a loss of CNY 58,412,088.94, indicating a significant decline in profitability[99]. - The total equity at the end of the current period is CNY 881,918,265.14, down from 924,044,008.97 at the end of the previous period, reflecting a decrease of 4.56%[103]. Cash Flow - The net cash flow from operating activities increased by 302.16% to ¥129,981,731.56, compared to ¥32,321,283.18 in the same period last year[21]. - Operating cash inflow for the period was CNY 617,974,505.67, down 37.0% from CNY 980,197,023.69 in the previous period[93]. - Cash inflow from sales of goods and services was CNY 573,337,032.81, a decline from CNY 909,443,934.91 in the previous period[93]. - Cash outflow from investment activities totaled CNY 241,924,632.98, significantly higher than CNY 13,309,375.53 in the previous period[94]. - Cash inflow from financing activities was CNY 654,131,000.00, up from CNY 325,100,000.00 in the previous period[94]. - The ending cash and cash equivalents balance decreased to CNY 34,544,216.56 from CNY 117,078,264.15 in the previous period[94]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,484,589,672.04, an increase of 3.49% from ¥2,400,794,698.54 at the end of the previous year[21]. - Total liabilities increased to ¥1,618,971,185.28 from ¥1,476,468,804.51, marking an increase of approximately 9.6%[80]. - Current assets increased to ¥1,241,852,939.99 from ¥1,127,230,025.26, representing a growth of approximately 10.2%[78]. - Total equity attributable to shareholders decreased to ¥862,279,018.34 from ¥920,783,885.27, a decline of approximately 6.3%[80]. Shareholder Information - The company plans to increase its capital reserve by converting every 10 shares into 15 shares, resulting in a total share capital increase to 684,883,775 shares[5]. - The first major shareholder's equity was judicially auctioned, with Shanghai Zhongneng acquiring the company's shares[58]. - The first major shareholder, Shanghai Zhongneng, holds 80 million shares, which are still under lock-up restrictions[64]. - The company guarantees not to harm the interests of minority shareholders during its normal production and operational activities[55]. Governance and Compliance - The company has established a governance structure in compliance with relevant laws and regulations, with no significant discrepancies noted[57]. - The company has committed to not utilizing its controlling position to harm the interests of the company and its minority shareholders[55]. - The financial report indicates that the company is in compliance with auditing requirements, as an audit report is applicable[76]. - The company has not reported any changes in accounting policies or significant errors during the reporting period[58]. Investment and Capital Structure - The investment income decreased by ¥68,730,000 due to the previous year's sale of shares in Lanzhou Bank, which generated an investment income of ¥87,160,000[28]. - The company acquired 703,300 shares of Huanghe Bank, increasing its total holdings to 138,481,513 shares, representing 9.55% of the bank's total equity[39][40]. - The total amount of guarantees provided by the company, including those to subsidiaries, is 53,269,000 RMB, which accounts for 60.37% of the company's net assets[52]. Accounting Policies - The financial statements are prepared in accordance with the relevant accounting standards, with the reporting currency being Renminbi[77]. - The company recognizes the operating results and cash flows of subsidiaries from the beginning of the reporting period in which they are consolidated[118]. - The company follows specific accounting treatments for mergers and acquisitions, including the recognition of goodwill when the acquisition cost exceeds the fair value of identifiable net assets[116]. - The company employs a systematic approach to assess and recognize bad debts, ensuring financial statements reflect accurate receivable values[132]. Inventory and Receivables - The ending balance of inventory is RMB 452,897,158.60, with a decrease of RMB 9,630,939.55 during the period[196]. - The company's accounts receivable at the end of the period amounted to ¥392,775,672.27, with a bad debt provision of ¥29,715,154.29, representing 7.57% of the total[177]. - The total amount of receivable dividends was ¥18,007,612.44 at the end of the period[184].