2018-08-30 16:00Financial Performance - Total operating revenue for the first half of 2018 reached ¥16,541,974,640.71, an increase of 7.57% compared to ¥15,378,356,331.50 in the same period last year[21]. - Net profit attributable to shareholders of the listed company was ¥514,298,835.52, up 5.81% from ¥486,037,837.74 in the previous year[21]. - Net profit after deducting non-recurring gains and losses increased by 41.71%, reaching ¥465,268,804.22 compared to ¥328,316,124.81 in the same period last year[21]. - The net cash flow from operating activities was ¥740,356,448.15, a significant recovery from a negative cash flow of ¥949,017,670.67 in the previous year[21]. - Basic earnings per share were RMB 0.17, up 6.25% from RMB 0.16 in the same period last year[34]. - The weighted average return on equity increased to 1.93%, up 0.06 percentage points from the previous year[1]. - The gross profit margin for the reporting period was 18.12%, down 0.99 percentage points from the previous year[34]. - Revenue increased by 6.87% year-on-year, reaching approximately 16.1 billion RMB, while operating costs rose by 9.05%[43][44]. Asset and Liability Management - Total assets decreased by 4.03% to ¥87,197,720,791.10 from ¥90,858,120,211.51 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company increased by 3.32% to ¥27,320,955,388.86 from ¥26,443,729,182.87 at the end of the previous year[21]. - The company’s total liabilities decreased to RMB 58.67 billion from RMB 63.21 billion, a reduction of around 7.9%[139]. - Short-term borrowings decreased by 57.34% to approximately 28 million RMB, reflecting effective debt management[47]. - Accounts receivable decreased to RMB 17.09 billion from RMB 18.56 billion, reflecting a reduction of about 7.9%[135][139]. - Inventory decreased to RMB 13.12 billion from RMB 14.63 billion, indicating a decline of approximately 10.3%[135][139]. Business Expansion and Strategy - The company completed a share issuance for asset acquisition, increasing total shares from 2,336,900,368 to 3,090,803,431[8]. - The business scope has expanded to include power electronics and control, finance, logistics, trade, new energy, and industrial intelligent equipment[9]. - The company plans to enhance its core competitiveness through the integration of power electronics and intelligent control, finance, logistics, and new energy sectors[31]. - The company aims to strengthen its international business and improve its risk resistance capabilities through the newly acquired businesses[31]. - The company expanded its business scope by acquiring 95% equity of Dongfang Financial and other assets, totaling RMB 6.793 billion[30]. Research and Development - Research and development expenses grew by 21.45% to approximately 431.5 million RMB, reflecting increased investment in innovation[43][44]. - The company is involved in the design and manufacturing of wind turbines through its 100% owned subsidiary, contributing to the renewable energy sector[53]. Environmental Compliance - The company has maintained compliance with environmental regulations, with no pollution incidents reported during the year[90]. - The company has established 77 environmental pollution control facilities, all of which are operating normally[95]. - The company operates 2 industrial wastewater treatment stations and 4 domestic wastewater treatment stations, with online monitoring systems for COD and ammonia nitrogen[95]. - The company has achieved compliance with wastewater discharge standards, with COD levels at 180 mg/l and ammonia nitrogen at 50.6 mg/l for its boiler division[94]. Corporate Governance and Compliance - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange regulations[105]. - The company has retained its auditing firm, Lixin Certified Public Accountants, for the 2018 annual audit[64]. - The company has not reported any impact on financial metrics such as earnings per share or net asset value due to share changes after the reporting period[114]. - The company confirmed compliance with the Hong Kong Stock Exchange's standards for securities trading by directors and supervisors during the reporting period[106]. Social Responsibility and Community Engagement - The company plans to invest 9.3872 million RMB in targeted poverty alleviation projects in 2018, focusing on various initiatives including livelihood, education, and industrial support[81]. - During the reporting period, the company has completed several poverty alleviation projects, including the construction of solar street lights and a demonstration base for pepper planting, with direct funding of 3.05547 million RMB[82]. - The company has committed to ensuring that three targeted counties achieve poverty alleviation by 2020, aligning with national goals for comprehensive well-being[80]. - The company has successfully helped Shanxi Province's Jixian County to exit the poverty designation, transitioning to a new phase of development[86]. Shareholder Information - The total number of shares held by the top ten shareholders includes significant holdings by state-owned entities, indicating a strong institutional presence[119]. - The major shareholder, China Dongfang Electric Group, holds 55.91% of the total share capital, reflecting a strong controlling interest[124]. - The company has a total of 753,903,063 restricted shares that will become tradable on June 12, 2021, which may impact liquidity[123]. - The total equity attributable to the parent company at the end of the period is CNY 28,529,720,841.78, an increase of CNY 886,521,627.55 compared to the beginning of the year[159].