Keda Group(SH:600499)2014-08-21 16:00Financial Performance - The company's operating revenue for the first half of 2014 reached ¥2,161,078,169.47, representing a 33.17% increase compared to ¥1,622,849,921.66 in the same period last year[17]. - Net profit attributable to shareholders was ¥261,018,988.72, up 38.51% from ¥188,446,594.24 year-on-year[17]. - The net profit after deducting non-recurring gains and losses was ¥249,312,415.05, reflecting a 39.84% increase from ¥178,286,942.83 in the previous year[17]. - Basic earnings per share increased to ¥0.382, a rise of 33.10% from ¥0.287 in the same period last year[19]. - The weighted average return on net assets was 8.10%, an increase of 0.65 percentage points from 7.45% year-on-year[19]. - Operating profit reached CNY 27,593.22 million, reflecting a growth of 39.42% compared to the previous year[24]. - Net profit for the period was CNY 26,101.90 million, marking a 38.51% increase year-on-year[23]. Assets and Liabilities - The company's total assets increased by 19.08% to ¥7,652,564,922.08 from ¥6,426,502,892.06 at the end of the previous year[17]. - The net assets attributable to shareholders rose by 19.20% to ¥3,432,316,572.55 compared to ¥2,879,340,391.29 at the end of the last year[17]. - Total liabilities reached CNY 4,000,653,125.33, up from CNY 3,306,084,307.28, indicating an increase of 21.0%[67]. - Owner's equity totaled CNY 3,651,911,796.75, a growth of 16.9% from CNY 3,120,418,584.78[68]. - The total amount of guarantees provided by the company to subsidiaries during the reporting period was 883,906,900 RMB, with a total guarantee balance of 1,393,621,600 RMB at the end of the period, accounting for 40.60% of the company's net assets[40]. Cash Flow - The company reported a net cash flow from operating activities of -¥214,212,777.00, a significant decrease compared to ¥16,880,933.09 in the previous year[17]. - Cash flow from operating activities was ¥1,735,458,546.03, compared to ¥1,447,788,268.18 in the same period last year, showing an increase of 19.9%[82]. - Total cash inflow from operating activities was 1,765,561,825.41 RMB, while cash outflow was 1,979,774,602.41 RMB, resulting in a net cash outflow of 214,212,777.00 RMB[83]. - Cash inflow from financing activities amounted to 1,191,604,415.30 RMB, with a net cash inflow of 450,359,066.96 RMB, compared to a net outflow of 26,465,659.45 RMB in the previous period[84]. Share Capital and Equity - The total number of shares increased from 666,248,700 to 697,227,161 after issuing 30,978,461 new shares[45]. - The company issued 16,995,461 shares at a price of 13 CNY per share to acquire 100% of Dongda Tailong, with a lock-up period of 36 months[45]. - The total owner's equity at the end of the current period is CNY 3,164,537,666.93, an increase from CNY 2,742,322,657.86 at the end of the previous year, representing a growth of approximately 15.4%[96]. - The total capital contributions from owners amounted to CNY 30,978,461.00, reflecting a significant increase from the previous year's CNY 14,582,159.00[93]. Acquisitions and Investments - The company completed the acquisition of Dongda Tailong, enhancing its upstream and downstream supply chain[23]. - The company completed the acquisition of 100% equity of Dongda Tailong, issuing a total of 16,995,461 shares at a price of 13 RMB per share, and raised net funds of 108,998,000 RMB for the transaction[35]. - The company acquired 55% of Zhuodahao Company for CNY 27,500,000, with the identifiable net assets valued at CNY 23,069,954.26[185]. Research and Development - Research and development expenses amounted to CNY 8,340.43 million, up 62.27% from the previous year[25]. Shareholder Information - The total number of shareholders at the end of the reporting period is 29,825[52]. - The largest shareholder, Lu Qin, holds 15.42% of the shares, totaling 107,511,667 shares[52]. - The total number of shares held by the top ten shareholders accounts for 26.67% of the total shares[52]. Accounting Policies - The company uses the accrual basis of accounting, with historical cost as the measurement attribute for most assets and liabilities[114]. - The company assesses the carrying value of financial assets at the balance sheet date and recognizes impairment losses if there is objective evidence of impairment[116]. - The company recognizes sales revenue when the major risks and rewards of ownership have transferred to the buyer, and the amount can be reliably measured[134]. Legal and Regulatory Compliance - The company has not faced any penalties or criticisms from the China Securities Regulatory Commission or the stock exchange during the reporting period[43]. - The company has no major litigation or arbitration matters during the reporting period[32].