SD(SH:600626)2018-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2018 was ¥8,070,766,931.13, representing a 94.30% increase compared to ¥4,153,823,696.91 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2018 was ¥80,075,790.81, a 31.09% increase from ¥61,082,910.28 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥55,561,100.80, which is a 25.12% increase from ¥44,405,591.62 in the same period last year[20]. - The basic earnings per share for the first half of 2018 was ¥0.1127, up 31.05% from ¥0.086 in the same period last year[22]. - The company achieved a net profit attributable to shareholders of RMB 80.08 million, representing a year-on-year increase of 31.09%[40]. - The net profit for the first half of 2018 was CNY 102,782,502.02, an increase of 45.8% compared to CNY 70,475,507.83 in the same period last year[125]. - Total comprehensive income for the period was CNY 134,655,963.90, compared to CNY 78,279,742.13 in the previous year, reflecting a growth of 72.0%[125]. Assets and Liabilities - The total assets at the end of the reporting period were ¥10,693,036,938.52, a decrease of 1.24% from ¥10,827,525,191.67 at the end of the previous year[21]. - The company's total assets as of June 30, 2018, were ¥3,812,273,048.98, slightly down from ¥3,844,585,754.09 at the beginning of the year[121]. - Total liabilities decreased to ¥7,250,359,032.96 from ¥7,401,955,812.81, a reduction of approximately 2%[117]. - The total liabilities at the end of the period were CNY 520,172,726.80, reflecting the company’s leverage position[140]. Cash Flow - The net cash flow from operating activities was negative at -¥155,142,937.25, compared to -¥2,339,643.24 in the same period last year[21]. - The cash inflow from operating activities was CNY 8,555,292,453.17, significantly higher than CNY 4,914,185,666.96 in the same period last year[131]. - The net cash flow from financing activities was 92,260,966.32 RMB, compared to 198,713,396.11 RMB in the previous period, indicating a decrease of approximately 53.7%[132]. - The company reported a net increase in cash and cash equivalents of -410,992,652.02 RMB, compared to an increase of 269,208,789.53 RMB in the previous period, indicating a significant decline[132]. Business Segments - The company's automotive interior business has become one of its pillar businesses, with a market share ranking among the top three globally[27]. - The automotive interior business generated revenue of RMB 5.30 billion, with a gross margin of 12.37%, reflecting a decrease of 1.11 percentage points compared to the previous year[39]. - The textile new materials segment is a key growth area, with the main product being flexible coated composite materials applicable in various industries[29]. - The textile new materials business reported a revenue of RMB 87.57 million, down 10.22% year-on-year, while profit increased by 7.13% to RMB 6.13 million[40]. Investments and Acquisitions - Investment income for the period was RMB 96.51 million, accounting for 70.07% of total profit, with significant contributions from NYX and the sale of Shanghai Bank shares[47]. - The company completed the acquisition of 70% of AURIA, significantly increasing its market share and business volume in the automotive textile sector[67]. - The company plans to invest approximately CNY 50 million in the Baoji project, with expected annual sales revenue of CNY 59.49 million and net profit of CNY 1.92 million[55]. Environmental Compliance - The company has completed the upgrade of its wastewater treatment facilities, with full commissioning expected by the end of 2018[88]. - The company has a total of 35,208 tons of wastewater discharged from its facilities, adhering to national wastewater discharge standards[97]. - The company is committed to strict adherence to national environmental protection laws and regulations across all subsidiaries[96]. Corporate Governance - The company commits to minimizing related party transactions with Shenda Co. and will ensure fairness in any unavoidable transactions[72]. - The company guarantees to minimize related party transactions with Shenda Co. and will ensure fairness in any unavoidable transactions[73]. - The company will not engage in any business that competes with the current or future operations of Shenda Co., and will take necessary actions to exit any competitive situations[72]. Legal Matters - The company is involved in a lawsuit where the Shanghai Pudong New District People's Court has ruled that several companies must jointly bear a debt of 79 million RMB owed to Shanghai Shenda Import and Export Co., Ltd. by Shanghai Zhuoyou Jiaohui Technology Co., Ltd.[80]. - In a civil lawsuit, Shanghai Shenda Import and Export Co., Ltd. won a judgment for 2,397,903.13 RMB against Shanghai Zhongguan Plant Protection Technology Co., Ltd., which was upheld by the second-instance court, confirming the original ruling.[80]. Future Outlook - The company plans to enhance its global procurement strategy to reduce costs and improve the operating conditions of its import and export trade business[41]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[124].