LNCD(SH:600739)2017-08-25 16:00Financial Performance - The company's operating revenue for the first half of 2017 reached CNY 6,396,426,049.50, representing a 68.14% increase compared to CNY 3,804,323,727.72 in the same period last year[18]. - Net profit attributable to shareholders of the listed company was CNY 867,864,483.26, up 19.89% from CNY 723,864,659.59 year-on-year[18]. - The total profit reached 916 million RMB, with a year-on-year increase of 15.74%[24]. - Basic earnings per share increased by 19.89% to CNY 0.5673 from CNY 0.4732 in the same period last year[19]. - The total comprehensive income for the first half of 2017 was ¥966,895,985.72, compared to ¥480,741,593.16 in the previous year, indicating a growth of 101.5%[93]. - The company reported a total comprehensive income of CNY 1,372,796,090.51 for the period, which includes a net profit of CNY 1,266,313,485.94[109]. Assets and Liabilities - The company's total assets increased by 1.93% to CNY 33,895,536,380.77 compared to CNY 33,252,311,852.98 at the end of the previous year[18]. - The total current assets as of June 30, 2017, amounted to CNY 5,721,403,788.17, showing an increase from CNY 5,664,268,701.47 at the beginning of the period[84]. - The total non-current assets increased to CNY 22,109,007,329.36 from CNY 21,609,438,662.25, reflecting a growth of about 2.3%[84]. - The total liabilities amounted to CNY 13.09 billion, down from CNY 13.25 billion, a decrease of 1.19%[86]. - The company's retained earnings increased to CNY 10.35 billion from CNY 9.49 billion, a growth of 9.06%[86]. Cash Flow - The company reported a net cash flow from operating activities of -CNY 46,350,983.26, a decrease of 125.45% compared to CNY 182,144,226.31 in the previous year[18]. - The total cash inflow from operating activities was ¥5,975,738,618.79, an increase from ¥3,730,303,081.40 in the same period last year[98]. - The company experienced a negative impact of -315,056,018.12 RMB in the net increase of cash and cash equivalents during the reporting period[102]. - The net cash flow from financing activities was -72,555,213.52 RMB, compared to a positive cash flow of 5,904,764,006.02 RMB in the same period last year[102]. Investments and Expenditures - The company invested 41,851,000.00 CNY during the reporting period, reflecting a 94.97% decrease compared to the previous year's investment of 832,560,000.00 CNY[38]. - The company plans to invest 4.34 billion CNY in the first phase of the Xinjiang oil shale comprehensive development project, with 3.58 billion CNY already invested by the end of 2016[41]. - Research and development expenditure was 21.76 million RMB, slightly down by 2.93% compared to the previous year[33]. Shareholder Information - The total number of common stock shareholders reached 86,079 by the end of the reporting period[72]. - The largest shareholder, Liaoning Chengda Group Co., Ltd., holds 169,889,039 shares, representing 11.11% of total shares[74]. - The company distributed dividends totaling 158,285,782.88 RMB during the reporting period[104]. Risk and Compliance - The company has outlined potential risks in its operations, which are detailed in the report[4]. - The company has no major litigation or arbitration matters during the reporting period[52]. - The company has no significant related party transactions during the reporting period[55]. - The financial report was approved by the company's board of directors on August 25, 2017, ensuring compliance with regulatory requirements[114]. Social Responsibility - The company invested a total of 600,000 RMB in poverty alleviation efforts during the first half of the year, including 300,000 RMB in funds and 300,000 RMB in material support[62]. - A total of 65 registered impoverished individuals were lifted out of poverty through the company's initiatives[63]. - The company received recognition as an advanced unit in targeted poverty alleviation from Liaoning Province[63]. Accounting Policies - The financial statements are prepared based on the assumption of going concern, indicating the company's ongoing viability[119]. - The company recognizes unrealized internal transaction gains and losses in the consolidated financial statements, impacting net profit attributable to the parent company[137]. - The company applies an aging analysis method for bad debt provision, with rates ranging from 5% for receivables within 1 year to 100% for those over 5 years[181].