SWSC(SH:600369)2016-08-31 16:00Financial Performance - The basic earnings per share for the first half of 2016 was CNY 0.15, a decrease of 70.00% compared to CNY 0.50 in the same period last year[24]. - The diluted earnings per share for the first half of 2016 was also CNY 0.15, reflecting a 70.00% decline from CNY 0.50 year-on-year[24]. - Operating revenue for the first half of the year is ¥2,002,953,221.85, representing a decline of 66.83% compared to ¥6,039,202,380.39 in the same period last year[25]. - Net profit attributable to shareholders of the parent company is ¥860,368,675.67, down 69.73% from ¥2,842,499,775.04 year-on-year[25]. - The company's total operating revenue for the first half of 2016 was approximately ¥2.00 billion, a decrease of 66.83% compared to ¥6.04 billion in the same period of 2015[67]. - Net profit for the same period was CNY 880 million, down 69.13% year-on-year[45]. - The company's total operating expenses decreased by 58.93% to CNY 1,029,149,071.77 from CNY 2,505,971,083.49[32]. - The company's investment income dropped by 83.86% to CNY 552,423,075.07 from CNY 3,422,690,742.95 year-on-year[32]. Assets and Liabilities - The company's net capital at the end of the reporting period was CNY 13,781,007,888.49, slightly down from CNY 13,837,228,198.98 at the end of the previous year[11]. - Total assets increased by 10.18% to ¥79,054,372,273.19 from ¥71,749,438,233.09 at the end of the previous year[25]. - Total liabilities rose by 14.71% to ¥59,832,101,848.44 from ¥52,159,299,089.46 at the end of the previous year[25]. - The net capital to total liabilities ratio decreased to 38.53% from 52.07% year-on-year[25]. - The company's total liabilities increased to CNY 59.83 billion from CNY 52.16 billion, reflecting a growth of around 14.0%[149]. - The company's equity attributable to shareholders decreased to CNY 18.60 billion from CNY 19.02 billion, a decline of about 2.2%[149]. Cash Flow - The company's cash flow from operating activities shows a significant negative value of -¥12,055,367,892.42, compared to a positive cash flow of ¥14,355,163,432.93 in the same period last year, indicating a decline of 183.98%[25]. - The net cash flow from operating activities decreased significantly to -12,055,367,892.42 RMB compared to 14,355,163,432.93 RMB in the previous period, indicating a decline of approximately 184%[160]. - The net cash flow from investment activities was -1,466,024,779.22 RMB, a decline from 2,688,481,171.24 RMB in the previous period[160]. - The net cash flow from financing activities was 8,672,336,049.18 RMB, down from 13,314,576,359.49 RMB, reflecting a decrease of about 35%[160]. Regulatory Compliance and Governance - The financial report for the first half of 2016 was unaudited[3]. - The company has maintained compliance with regulatory decision-making procedures regarding external guarantees[4]. - The company was under investigation by the China Securities Regulatory Commission for failing to fulfill its duties as required, and is cooperating with the investigation[101]. - The company received approval from the Shenzhen Stock Exchange to conduct a pilot program for stock incentive financing for listed companies[105]. Shareholder Information - The company distributed a cash dividend of RMB 1.30 per 10 shares, totaling RMB 733.86 million, which accounted for 30.41% of the distributable profits as of the end of 2015[87]. - The total number of shareholders at the end of the reporting period was 157,978[113]. - 重庆渝富资产经营管理集团有限公司持有1,523,443,610股，占比26.99%[114]. Legal Matters - The company is involved in multiple legal disputes, including a claim for RMB 117 million against Cai Kaijian and a successful settlement of RMB 140 million with Tongling Sanjia Electronics[91][92]. - The company has a pending lawsuit regarding a historical stock trading dispute with Xinhua Securities, claiming damages of RMB 62.23 million[93]. Investment Activities - The company completed 2 IPO projects with a total financing amount of 962 million RMB and 9 non-public issuance projects totaling 18.668 billion RMB[59]. - The company’s investment in Qihoo 360 Technology Co., Ltd. amounted to ¥60 million, representing a strategic move into internet security services[72]. - The company’s investment in financial enterprises totaled approximately ¥1.63 billion, with a report period profit of ¥62.84 million[78]. Accounting Policies - The company has not reported any significant changes in accounting policies or prior period adjustments, suggesting stability in financial reporting practices[164]. - The accounting treatment for business combinations under common control measures the acquired assets and liabilities at the carrying amount in the consolidated financial statements of the ultimate controlling party[180].