2015-08-21 16:00Financial Performance - Operating revenue for the first half of 2015 was RMB 24,223,323, a decrease of 15.85% year-on-year[17]. - Net profit attributable to shareholders for the first half of 2015 was RMB 4,705,345, down 19.17% from the same period last year[17]. - Basic earnings per share for the first half of 2015 were RMB 0.89, a decline of 19.17% compared to RMB 1.10 in the previous year[17]. - The weighted average return on equity decreased to 6.90%, down 3.02 percentage points from 9.92% in the previous year[17]. - The overall gross profit margin decreased to 28.66%, down 8.1 percentage points from the previous year due to significant price declines[41]. - The company reported a decrease in sales revenue by 15.67% in the first half of 2015, with a total of CNY 23.59 billion compared to CNY 27.97 billion in the same period of 2014[37]. - The total profit for the period was CNY 6,241,954,376, representing a decline of 20.4% from CNY 7,845,209,044 in the same period of 2014[135]. - The total comprehensive income for the first half of 2015 was RMB 6,545,609,065, compared to RMB 8,469,031,143 in the same period of 2014, indicating a decrease of about 22.7%[160]. Cash Flow and Investments - Net cash flow from operating activities for the first half of 2015 was RMB 4,186,543, a significant drop of 48.66% compared to RMB 8,153,994 in the same period last year[17]. - The company reported a net cash outflow from investing activities of CNY 7,412,599,844 for the six months ended June 30, 2015, compared to a net outflow of CNY 2,872,739,461 in the same period of 2014[145]. - The net cash flow from financing activities was -3,776,931,894 RMB for the six months ended June 30, 2015, compared to -4,868,755,385 RMB for the same period in 2014, indicating an improvement[148]. - The company received cash from investment activities totaling 14,878,077,972 RMB, compared to 7,291,298,430 RMB in the same period of 2014, showing a substantial increase[150]. - Cash outflow from investment activities was 15,837,529,919 RMB, resulting in a net cash flow of -959,451,947 RMB for the investment activities[150]. Assets and Liabilities - Total assets as of June 30, 2015, reached RMB 105,179,724, an increase of 2.86% compared to the beginning of the year[17]. - The company's total liabilities as of June 30, 2015, were RMB 33.80 billion, compared to RMB 32.64 billion at the end of 2014, indicating an increase of about 3.5%[123]. - The total equity attributable to shareholders reached RMB 67.78 billion as of June 30, 2015, up from RMB 66.22 billion at the end of 2014, reflecting a growth of approximately 2.4%[126]. - The company's current assets totaled RMB 25.98 billion as of June 30, 2015, compared to RMB 25.10 billion at the end of 2014, marking an increase of about 3.5%[121]. - Short-term borrowings increased significantly to RMB 1.37 billion as of June 30, 2015, from RMB 272.38 million at the end of 2014, indicating a substantial rise[123]. Shareholder Information - The total number of shareholders as of June 30, 2015, was 169,962, with H-share shareholders numbering 107[99]. - The largest shareholder, Conch Group, held 1,948,869,927 shares, representing 36.78% of the total shares[100]. - The company’s total share capital remained unchanged during the reporting period, totaling 5,299,302,579 shares[99]. - The company’s A-shares accounted for 75.48% of the total shares, while H-shares accounted for 24.52%[100]. Corporate Governance and Compliance - The company has established an audit committee to oversee financial reporting and internal control processes, in compliance with corporate governance codes[96]. - The company complied with the relevant provisions of the corporate governance code during the reporting period[114]. - There were no significant events affecting the company reported during the period up to the publication date of the semi-annual report[97]. Strategic Initiatives - The company is actively expanding its international presence with ongoing projects in Indonesia, Laos, and Cambodia[25]. - The company plans to continue its international development strategy, advancing projects in Indonesia and West Papua in the second half of 2015[55]. - The company is actively developing cement projects in Myanmar and Laos, and is also pursuing mergers and acquisitions to enhance market positioning[56]. Financial Instruments and Risk Management - The company utilized financial instruments to hedge against exchange rate risks, locking in different forward exchange rates monthly to mitigate volatility[54]. - The company recognizes financial liabilities at amortized cost using the effective interest method, except for those measured at fair value with changes recognized in profit or loss[176]. Investment and Capital Management - Capital expenditures for the reporting period were 4,330 million CNY, primarily for investments in cement and clinker production lines, waste heat power generation projects, and acquisition expenditures[53]. - The company invested a total of 6,858 million CNY to increase the registered capital of Lushan Conch Cement, raising it from 3,142 million CNY to 10,000 million CNY[60]. - The company has increased its investment in Yangchun Conch Cement by 37,000 million CNY, raising its registered capital from 18,000 million CNY to 55,000 million CNY[60]. Employee Information - The total number of employees as of June 30, 2015, was 48,493, with a total compensation amounting to approximately RMB 1.72 billion during the reporting period[116].