NBSS(SH:600884)2014-08-21 16:00Financial Performance - In the first half of 2014, the company achieved operating revenue of CNY 1,872,190,868.29, an increase of 5.95% compared to the same period last year[25]. - The net profit attributable to shareholders was CNY 118,951,907.83, reflecting a year-on-year increase of 28.46%[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 119,301,218.51, up 52.46% year-on-year[25]. - The basic earnings per share for the first half of 2014 was CNY 0.290, an increase of 28.46% compared to CNY 0.225 in the same period last year[22]. - The weighted average return on net assets increased to 3.649%, up 0.681 percentage points from the previous year[22]. - The company's total assets reached CNY 8,478,379,333.04, a 13.80% increase from the end of the previous year[24]. - The net cash flow from operating activities was negative at CNY -262,840,273.03, compared to a positive CNY 13,634,467.28 in the same period last year[24]. - The company achieved a net profit attributable to shareholders of 118.95 million yuan, representing a year-on-year increase of 28.46%[46]. Business Segment Performance - The apparel business reported a revenue of CNY 67,652.33 million, a decline of 11.81% year-on-year, primarily due to losses in the OEM and multi-brand segments[26]. - The "Shanshan" brand business achieved a main operating revenue of 170.68 million RMB, a year-on-year increase of 8.78%, with a net profit attributable to shareholders of 13.31 million RMB, slightly down due to a 5 million RMB donation[27]. - The multi-brand business reported a main operating revenue of 154.26 million RMB, a year-on-year decrease of 15.04%, with a net profit attributable to shareholders of -6.27 million RMB, reducing losses by 7.18 million RMB compared to the previous year[28]. - The knitting products (OEM) business generated a main operating revenue of 351.58 million RMB, a year-on-year decline of 17.98%, with a net profit attributable to shareholders of -7.94 million RMB, an increase in losses by 3.33 million RMB year-on-year[29]. - The lithium battery materials business achieved a main operating revenue of 1,151.99 million RMB, a year-on-year increase of 18.21%, with a net profit attributable to shareholders of 51.30 million RMB, down 5.03% due to intense market competition[31]. - The positive electrode materials business reported a main operating revenue of 692.79 million RMB, a year-on-year increase of 23.56%, with a net profit attributable to shareholders of 12.49 million RMB, down 7.94% due to price competition and increased financial and management expenses[32]. - The negative electrode materials business achieved a main operating revenue of 377.41 million RMB, a year-on-year increase of 29.11%, with a net profit attributable to shareholders of 33.61 million RMB, up 28.32% due to optimized product structure[33]. - The electrolyte business generated a main operating revenue of 81.79 million RMB, a year-on-year decrease of 3.87%, with a net profit attributable to shareholders of 5.81 million RMB, down 58.39% due to declining raw material prices and high initial costs of new projects[34]. Cash Flow and Financing - The company issued "13 Shanshan Bonds" with a total face value of 750 million yuan, contributing to a significant increase in cash flow from financing activities, which amounted to 577.74 million yuan, up 1,869.57%[45]. - Cash and cash equivalents increased by 36.42% to 1.15 billion yuan, primarily due to the funds raised from bond issuance[44]. - The company’s financing leasing business completed 47 projects, generating a main operating revenue of 17.20 million RMB, but incurred a net loss of 2.87 million RMB due to high initial expenses[37]. - The company’s cash flow from operating activities turned negative at -262.84 million yuan, mainly due to significant upfront investments in leasing equipment[45]. - Cash inflow from financing activities was 1,750,394,440.06 RMB, compared to 1,137,417,591.37 RMB in the previous year, showing an increase of approximately 54%[136]. - The net cash flow from financing activities was 577,738,220.88 RMB, a significant improvement from 29,333,241.09 RMB in the same period last year[136]. Investment and Assets - The company holds shares in Ningbo Bank valued at CNY 1.65 billion, with a reported profit of CNY 71.6 million during the reporting period[61]. - The company’s investment in Zhejiang Chouzhou Commercial Bank is valued at CNY 908.16 million, with a profit of CNY 58.38 million reported[63]. - The company reported a total of 403.61 million yuan in entrusted financial management, with an actual return of 988,875.31 yuan[64]. - The company’s total liabilities increased by 124.73% to 1.34 billion yuan, reflecting the issuance of new bonds[45]. - The company reported an increase in asset impairment losses by 176.57% to 25.26 million yuan, attributed to the growth in accounts receivable and inventory[45]. Corporate Governance and Compliance - The company has continuously improved its corporate governance structure and internal management systems in compliance with relevant regulations[89]. - The company strictly adheres to the regulations regarding the management of insider information and has implemented a registration system for insider information[97]. - The company has not received any administrative penalties or public reprimands from the China Securities Regulatory Commission during the reporting period[88]. - The company has established a transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management[95]. Shareholder Information - The total number of shareholders at the end of the reporting period was 52,053[101]. - The largest shareholder, Shanshan Group Co., Ltd., holds 32.50% of the shares, totaling 133,536,993 shares[102]. - The second-largest shareholder, Bailian Group Co., Ltd., holds 2.58% of the shares, totaling 10,601,250 shares[102]. - There were no changes in the total number of shares or the share capital structure during the reporting period[99]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[125]. - The financial report indicates a strategic emphasis on improving operational efficiency and managing costs effectively moving forward[146].