SD(SH:600626)2015-08-28 16:00Financial Performance - The company's operating revenue for the first half of 2015 was CNY 3,359,424,043.52, a slight increase of 0.07% compared to CNY 3,357,144,918.23 in the same period last year[17]. - The net profit attributable to shareholders was CNY 52,526,638.57, representing a decrease of 27.98% from CNY 72,935,135.76 year-on-year[17]. - The basic earnings per share decreased to CNY 0.0740, down 27.95% from CNY 0.1027 in the previous year[18]. - The company reported a significant decline in operating profit, which was CNY 69,970,200, a decrease of 26.71% year-on-year[21]. - The weighted average return on net assets decreased to 2.28%, down 1.06 percentage points from the previous year[18]. - The gross profit margin decreased due to rising operating costs, with operating costs increasing by 1.10% to CNY 3,110,737,901.40[23]. - The company reported a decrease in revenue from the Jiangsu region by 36.57% year-on-year, totaling 91,329,610.70 CNY[29]. - Revenue from the domestic market decreased by 6.08% year-on-year, totaling 1,155,288,215.22 CNY[29]. - The company reported a significant increase in other receivables, which decreased from ¥269,496,647.84 to ¥204,458,898.26, a reduction of about 24.2%[74]. Cash Flow and Investments - The cash flow from operating activities was negative at CNY -102,399,661.16, an improvement from CNY -232,307,309.55 in the same period last year[17]. - The company reported a cash inflow from operating activities of RMB 3,147,869,971.41, down from RMB 3,156,292,534.53, a decrease of approximately 0.3%[87]. - The total cash inflow from investment activities was 1,205,653,272.82 RMB, compared to 591,675,192.90 RMB in the prior period, showing a significant increase[88]. - The company received 1,192,000,000.00 RMB from investment recoveries, significantly higher than 571,492,720.00 RMB in the previous period[88]. - The company made an external equity investment of 2,000,000 USD, a 100% increase compared to the previous year, establishing a joint venture for automotive safety belt production[32]. - The company utilized its own idle funds for all investments, indicating a strategy focused on self-funding[40]. Market and Business Segments - The automotive interior business saw a revenue increase of 21.31% year-on-year, totaling 633,764,673.76 CNY[29]. - The textile and apparel export market faced challenges, with a 3.32% year-on-year decline in exports totaling USD 128.1 billion in the first half of 2015[21]. - Revenue from the Hong Kong, Macau, and Taiwan regions increased by 47.46% year-on-year, totaling 63,088,043.50 CNY[29]. - The company maintained its core competitiveness without significant changes during the reporting period[31]. Assets and Liabilities - The company's total assets increased by 2.07% to CNY 4,051,258,824.95 from CNY 3,969,019,470.52 at the end of the previous year[17]. - The total liabilities rose to ¥1,587,206,661.25, compared to ¥1,524,173,368.51, indicating an increase of about 4.1%[76]. - The total amount of guarantees provided to subsidiaries during the reporting period is 201,600,000.00 RMB[55]. - The total guarantee amount (including guarantees to subsidiaries) is 231,600,000.00 RMB, which accounts for 9.40% of the company's net assets[55]. Shareholder Information - The total number of shareholders at the end of the reporting period is 60,855[61]. - The total number of shares held by the largest shareholder, Shanghai Shenda Group, is 220,692,510, accounting for 31.07% of the company's total shares[65]. - The company distributed a cash dividend of 1.00 CNY per 10 shares, totaling 71,024,281.60 CNY, based on the total share capital of 710,242,816 shares as of the end of 2014[46]. Accounting and Financial Reporting - The financial statements are prepared in accordance with the enterprise accounting standards, ensuring a true and complete reflection of the company's financial status[108]. - The company’s accounting period runs from January 1 to December 31 each year, adhering to a 12-month operating cycle[109]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of the identifiable net assets acquired in a business combination[112]. - The company applies the equity method for long-term equity investments where it has significant influence, typically defined as holding 20% to 50% of voting rights[131]. Risk Management and Provisions - The company uses the aging analysis method to provision for bad debts, with a 5% provision for accounts receivable within 1 year, increasing to 95% for those over 5 years[124]. - Provisions for contingent liabilities include guarantees, pending litigation, and product quality assurances[150]. - The company has significant overdue prepayments, including 28,489,783.64 RMB to Wealth-Nation Limited, which is under litigation[179]. Other Financial Metrics - The company reported a total of 1,900,490,827.08 CNY in main business revenue from Shanghai Shenda Import and Export Co., with a net profit of 25,390,753.95 CNY, accounting for 48.34% of the net profit attributable to the parent company[45]. - The company has a total of CNY 70,000,000.00 in trading financial assets, all classified as debt instruments[164]. - The company applies a 15% corporate income tax rate due to its qualification as a high-tech enterprise[160].