SHCF(SH:600621)2016-08-28 16:00Financial Performance - The company's operating revenue for the first half of 2016 was ¥406,676,159.04, representing a 36.22% increase compared to ¥298,542,678.85 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2016 was ¥142,223,120.15, a decrease of 9.36% from ¥156,906,492.65 in the previous year[20]. - The basic earnings per share for the first half of 2016 were ¥0.27, down 10.00% from ¥0.30 in the same period last year[21]. - The weighted average return on equity decreased by 1.10 percentage points to 7.42% from 8.52% in the previous year[21]. - The total comprehensive income for the first half of 2016 was CNY 131,662,182.30, compared to CNY 170,036,789.47 in the same period last year, reflecting a decrease of 22.5%[84]. - The company reported a net profit of ¥161,173,009.92 for the first half of 2016, down 16.5% from ¥193,118,153.24 in the previous year[82]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥343,853,622.18, compared to -¥62,092,865.95 in the same period last year, indicating a significant decline in cash flow[20]. - Operating cash flow net amount decreased by 453.77% to -CNY 343.85 million, primarily due to reduced cash inflow from property sales[29]. - Cash and cash equivalents decreased to ¥282,135,576.04 from ¥446,755,679.47, a decline of 36.8%[79]. - The company reported a significant increase in sales tax and additional expenses, totaling CNY 83,135,347.70, compared to CNY 9,720,343.91 in the previous year[86]. - The net cash flow from financing activities was 343,483,072.93 RMB, compared to a negative cash flow of -344,901,242.03 RMB in the previous period[94]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,918,643,399.10, an increase of 8.86% from ¥3,599,592,623.71 at the end of the previous year[20]. - The total liabilities amount to 1,903,272,040.12 RMB, compared to 1,677,067,260.59 RMB at the beginning of the period[76]. - The total current assets amount to 2,336,951,835.44 RMB, an increase from 1,986,509,243.77 RMB at the beginning of the period[75]. - The total equity attributable to the parent company at the end of the period is CNY 2,012,902,106.21, showing a slight decrease from the previous period's CNY 2,015,371,358.98[99]. Revenue Sources - Real estate business revenue accounted for 90.48% of total revenue, amounting to CNY 367.95 million, which represents a 41.08% increase year-on-year[34]. - The company achieved operating revenue of CNY 406.68 million, an increase of 36.22% compared to the same period last year[26]. - The company reported non-operating income of ¥1,685,400.00 from government subsidies closely related to its normal business operations[23]. Investments and Subsidiaries - The investment income from Shanghai Jinxin United Development Co., Ltd. accounted for 40.21% of total investment income, with 867.97 million RMB recognized in the first half of 2016[45]. - The company completed a capital increase for Suzhou Industrial Park Qingjian Lake Real Estate Co., Ltd., raising its registered capital from 100 million RMB to 168 million RMB while maintaining a 51% ownership stake[43]. - The company has established a joint venture, Shanghai Huaxin Zhicheng Technology Co., Ltd., with a registered capital of 3 million RMB, aimed at enhancing service quality in smart park operations[43]. Shareholder Information - The total number of shareholders at the end of the reporting period is 44,316[68]. - The top shareholder, Huaxin Real Estate (Group) Co., Ltd., holds 139,517,522 shares, accounting for 26.62% of total shares[69]. - The company distributed a cash dividend of 0.75 RMB per 10 shares, totaling 39.31 million RMB, which represents 30.15% of the net profit attributable to shareholders for 2015[46]. Management and Governance - The company has not experienced any significant discrepancies in its governance structure compared to the requirements set by the China Securities Regulatory Commission[64]. - The company has appointed Zhonghua Accounting Firm as the auditor for the 2016 financial year, responsible for auditing the financial statements and internal controls[63]. - The company has outlined procedures for the transfer of state-owned assets and approvals required for the injection of related businesses and assets[61]. Accounting Policies - The company’s financial statements comply with accounting standards, ensuring transparency and accuracy in reporting its financial status[113]. - The company has maintained its accounting policies without any changes reported for this period[103]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired on the purchase date[119]. Employee Compensation and Benefits - Short-term employee compensation is recognized as a liability and expensed in the period services are provided, including various social insurance contributions[190]. - The company recognizes employee benefits under defined contribution plans as liabilities based on calculated amounts, and discounts future payments if they are not expected to be paid within twelve months[192].