SMHC(SH:600131)2015-08-07 16:00Financial Performance - The company achieved operating revenue of CNY 434,299,167.91, representing an increase of 11.64% compared to the same period last year[20]. - The net profit attributable to shareholders was CNY 76,816,334.51, reflecting a growth of 6.48% year-on-year[20]. - Basic earnings per share increased to CNY 0.152, up 6.29% from the previous year[21]. - The company reported a significant increase in operating costs, with total operating costs rising by 18.94% to CNY 356,709,601.27[30]. - The company reported a net profit increase, with retained earnings rising to CNY 226,041,108.55 from CNY 167,685,043.04, an increase of 34.7%[104]. - The company reported a profit distribution of -25,206,257.75 RMB during the current period, reflecting a decrease in profit allocation to shareholders[128]. - The comprehensive income for the current period amounts to CNY 74,299,113.39, reflecting a significant change in the company's financial performance[119]. Assets and Liabilities - The total assets of the company reached CNY 2,329,533,999.15, an increase of 2.36% from the end of the previous year[20]. - The company's total liabilities amounted to CNY 147,779,540, resulting in a debt-to-asset ratio of 63.44%[27]. - The company's total current assets as of June 30, 2015, are 141,269,335.02 RMB, a decrease from 146,181,481.54 RMB at the beginning of the period[101]. - Non-current assets total 2,188,264,664.13 RMB, up from 2,129,570,409.69 RMB at the beginning of the period[101]. - Total liabilities increased to CNY 1,477,795,378.19, up from CNY 1,473,106,125.91, reflecting a slight growth of 0.2%[102]. - Current liabilities totaled CNY 533,149,693.37, an increase of 28.5% compared to CNY 415,171,953.09 from the previous period[102]. - Owner's equity increased to CNY 905,734,189.89 from CNY 847,378,124.38, marking a rise of 6.9%[104]. Cash Flow - The company's cash flow from operating activities was CNY 56,966,621.14, down 37.17% compared to the previous year[20]. - Operating cash inflow for the current period was CNY 449,845,389.41, an increase of 5.1% from CNY 426,758,608.79 in the previous period[113]. - Cash inflow from investment activities totaled CNY 52,649,568.67, up 25.9% from CNY 41,782,557.67 in the previous period[113]. - The ending cash and cash equivalents balance decreased to CNY 97,242,429.67 from CNY 185,384,899.06 in the previous period, a decline of 47.6%[114]. - Cash outflow for purchasing goods and services increased to CNY 299,375,849.71, up 19.2% from CNY 251,031,232.54 in the previous period[113]. Investments and Dividends - The company achieved an investment income of ¥66,137,119.01 and received cash dividends of ¥44,000,000.00 during the reporting period[35]. - The company distributed cash dividends of ¥0.50 per 10 shares, totaling ¥25,206,257.75, as approved in the 2014 annual shareholders' meeting[43]. - Long-term equity investments increased from ¥440,893,883.71 at the beginning of the year to ¥463,031,002.72 at the end of June 2015, reflecting an increase of ¥22,137,119.01[35]. Legal Matters - The company is seeking compensation for significant economic losses due to construction quality issues at the Yangjiawan hydropower station, which has delayed operations for over two years[55]. - The company has initiated legal proceedings against Tianwei Sichuan Silicon Industry Co., Ltd. for a total of RMB 38,248,692.25, which includes principal, interest, and related fees due to guarantee obligations[59]. - The company has a pending lawsuit regarding a 400,000 CNY engineering guarantee and a 100,000 CNY project establishment guarantee from Huayuan Mining Company[54]. - The company has incurred legal fees and other costs related to the lawsuits, which may affect its financial performance[68]. Governance and Compliance - The company has established a clear governance structure and internal control system, ensuring compliance with legal requirements and protecting investor rights[83]. - The company has not received any administrative penalties or public reprimands from the China Securities Regulatory Commission during the reporting period[82]. - The financial statements are prepared based on the assumption of going concern, in accordance with the relevant accounting standards and regulations[135]. Operational Highlights - The company completed a power generation of 23,777.77 million kWh and sold 132,780.31 million kWh during the reporting period[27]. - The company's primary business focus is on hydropower generation, with related power transmission and supply services[130]. - The company is actively pursuing the restoration of the Yangjiaba Hydropower Station, which had been halted due to quality issues, and construction resumed in 2014[86].