SMTC(SH:600822)2018-08-24 16:00Financial Performance - The company's operating revenue for the first half of 2018 was CNY 3,390,488,014.70, representing a 10.39% increase compared to CNY 3,071,457,212.55 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2018 was CNY 30,857,169.79, a significant increase of 149.36% from CNY 12,374,716.34 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 25,967,527.88, which is an 88.16% increase compared to CNY 13,800,688.08 in the same period last year[17]. - Basic earnings per share for the first half of 2018 were CNY 0.0622, up 148.80% from CNY 0.0250 in the same period last year[18]. - The weighted average return on net assets increased by 3.0661 percentage points to 5.3756% compared to 2.3095% in the previous year[18]. - The company’s total operating income for the first half of 2018 was approximately 3.39 billion yuan, a 10.39% increase compared to the same period last year[32]. - The company reported a net loss of CNY -1,756,716,642.51, improving from a loss of CNY -1,787,573,812.30[73]. - The company reported a total profit of ¥44,632,464.73, which is a 90.4% increase from ¥23,398,495.00 in the previous period[79]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 2,285,827,719.74, reflecting a 12.08% increase from CNY 2,039,512,491.85 at the end of the previous year[17]. - The net assets attributable to shareholders increased by 5.27% to CNY 588,764,813.79 from CNY 559,279,064.17 at the end of the previous year[17]. - Current liabilities rose to CNY 1,538,409,543.06 from CNY 1,320,000,400.15, an increase of about 16.54%[72]. - Total liabilities increased to CNY 1,639,303,644.37 from CNY 1,423,201,343.26, reflecting a growth of around 15.23%[72]. - The total balance of long-term equity investments decreased by 1.09% to ¥24,314.97 million from ¥24,581.83 million[36]. - The company’s cash and cash equivalents at the end of the reporting period amounted to ¥602,004,359.15, a decrease from ¥622,720,773.97 at the beginning of the period[71]. Cash Flow - The net cash flow from operating activities for the first half of 2018 was negative CNY 42,300,231.71, an improvement of 32.55% from negative CNY 62,713,775.76 in the same period last year[17]. - Total cash inflow from operating activities was 3,835,726,259.74 RMB, compared to 3,655,373,681.48 RMB in the previous year, reflecting a year-over-year increase of approximately 4.94%[83]. - Cash outflow from operating activities totaled 3,878,026,491.45 RMB, up from 3,718,087,457.24 RMB, indicating a year-over-year increase of about 4.30%[83]. - The net cash flow from investing activities was 16,533,923.05 RMB, compared to 12,782,662.07 RMB in the previous year, representing a year-over-year increase of approximately 29.00%[84]. - The net cash flow from financing activities was -94,675,387.19 RMB, improving from -138,307,715.98 RMB in the same period last year[84]. Sales and Market Performance - In the first half of 2018, the company sold 12,261 vehicles, a year-on-year increase of 47.62%, with Skoda sales surging by 184.22%[23]. - The company achieved a new car revenue of 1.764 billion yuan, up 27.7% year-on-year, with new car sales volume increasing by 44.14% to 11,919 units[29]. - The company’s sales volume of used cars reached 40,300 units, a year-on-year increase of 5.26%[29]. - The company’s revenue from the non-ferrous metal trading center reached 1.10698 billion yuan, with improved customer quality[30]. - The logistics business of Qiantong Investment saw a throughput of 132,300 tons, a year-on-year increase of 63.5%[30]. Shareholder and Equity Information - The company did not propose any profit distribution or capital reserve transfer to increase share capital for the first half of 2018[4]. - The company did not distribute any dividends or bonus shares for the reporting period, with a profit distribution plan indicating zero shares for every 10 shares held[42]. - The top shareholder, Bailian Group Co., Ltd., holds 238,575,962 shares, representing 48.10% of the total shares[64]. - The total equity attributable to the parent company at the end of the current period was CNY 603,571,795.66, showing an increase from the previous period[92]. Risks and Legal Matters - There were no significant risks or non-operating fund occupation by controlling shareholders or related parties during the reporting period[4]. - The company has ongoing litigation related to false statements, with compensation paid to 159 plaintiffs, leaving one investor unpaid[44]. Accounting Policies and Compliance - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status[105]. - The company has not disclosed any significant related party transactions during the reporting period[54]. - There were no changes in the company's accounting policies or estimates compared to the previous accounting period[58]. - The company has confirmed its ability to continue as a going concern for the next 12 months[103].