NBSS(SH:600884)2015-08-06 16:00Financial Performance - The company's operating revenue for the first half of 2015 was approximately CNY 1.87 billion, a slight decrease of 0.09% compared to the same period last year[20]. - Net profit attributable to shareholders reached approximately CNY 611.17 million, representing a significant increase of 413.79% year-on-year[20]. - Basic earnings per share for the reporting period was CNY 1.488, up 413.79% from CNY 0.290 in the previous year[18]. - The weighted average return on net assets increased by 9.602 percentage points to 13.251% compared to the same period last year[18]. - The net cash flow from operating activities was negative at approximately CNY -96.42 million, an improvement from CNY -262.84 million in the previous year[20]. - Total assets as of the end of the reporting period were approximately CNY 9.62 billion, an increase of 4.98% from the end of the previous year[20]. - Net assets attributable to shareholders increased by 17.39% to approximately CNY 4.98 billion compared to the end of the previous year[20]. - The company reported a decrease of 28.70% in net profit after deducting non-recurring gains and losses, amounting to approximately CNY 85.06 million[20]. - The company achieved a net profit attributable to shareholders of 61.12 million yuan in the first half of 2015, representing a year-on-year increase of 413.79%, primarily due to the sale of shares in Ningbo Bank[50]. - The operating income for the period was 1.87 billion yuan, a slight decrease of 0.09% compared to the previous year[44]. - The company reported an investment income of 733.03 million yuan, a significant increase of 452.36% year-on-year, mainly from the sale of Ningbo Bank shares[45]. Business Segments - The lithium-ion battery materials business reported sales volume of 17,354 tons, a year-on-year growth of 36.92%, with main business revenue of CNY 1,521.01 million, up 32.03%[28]. - The company's positive electrode materials sales volume increased by 49.44% to 8,068 tons, with main business revenue of CNY 1,027.33 million, a rise of 48.29%[29]. - The negative electrode materials business achieved sales volume of 7,197 tons, a year-on-year increase of 30.90%, but net profit decreased by 29.33% to CNY 237.53 million due to market competition[31]. - The apparel segment generated revenue of RMB 302 million, experiencing a significant decline of 55.36% year-on-year, but the gross margin improved by 16.15 percentage points to 41.11%[56]. Investments and Financing - The company initiated a non-public offering of A-shares to raise funds for lithium-ion battery materials and key technology research and development in the new energy vehicle sector[42]. - The company has established a CNY 500 million investment fund in Shenzhen to support the development of charging infrastructure and smart management for new energy vehicles[37]. - A joint venture was formed with Taiwan's Baida Innovation Technology Co., Ltd. to focus on powertrain system development, with a registered capital of CNY 120 million[34]. - The company plans to issue 15 million A-shares at a price of 22.97 CNY per share, raising a total of 344.55 million CNY for projects related to lithium-ion battery materials and key technology R&D for new energy vehicles[121]. Cash Flow and Liquidity - The net cash flow from operating activities improved to -96.42 million yuan, an improvement from -262.84 million yuan in the previous year[44]. - The company received cash dividends of RMB 58.48 million from Ningbo Bank, holding a total of 155,956,535 shares at the time of the dividend distribution[72]. - The company received CNY 1,215,531,806.79 from investment recoveries, a notable increase from CNY 390,018,923.94 in the previous year[147]. - The net cash flow from financing activities was -CNY 164,832,345.60, compared to a positive net cash flow of CNY 306,891,111.14 in the previous year[151]. Shareholder Information - The total number of shareholders at the end of the reporting period is 38,703[122]. - The largest shareholder, Shanshan Group Co., Ltd., holds 133,536,993 shares, accounting for 32.50% of the total shares[124]. - The company plans to distribute a cash dividend of RMB 0.80 per 10 shares, totaling RMB 32,868,659.76, which was approved at the 2014 annual general meeting[83]. Corporate Governance and Compliance - The company did not experience any non-operating fund occupation by controlling shareholders or related parties during the reporting period[3]. - There were no violations of decision-making procedures regarding external guarantees during the reporting period[4]. - The company has maintained an AA credit rating with a stable outlook for its bonds, indicating no risk of default on interest payments or principal repayment[53]. Research and Development - The company’s research and development expenses increased by 27.76% to 4.83 million yuan compared to the previous year[44]. - The company has a strong R&D capability with nearly 20 PhDs and has established post-doctoral workstations in multiple locations[60]. - The company has initiated a lithium-ion capacitor (LIC) project aimed at energy-saving transportation applications, with ongoing R&D efforts[36]. Legal and Regulatory Matters - The company has taken measures against the defendants in a lawsuit, including restricting their exit and freezing their bank accounts and properties[87]. - The company is in discussions regarding the follow-up arrangements for the canceled lithium-ion battery project with relevant departments[82]. - The company has halted the approval of the lithium-ion battery key materials project due to significant public response during the environmental impact assessment period[82]. Financial Position - The company's total assets reached CNY 7,871,862,086.87, up from CNY 6,872,385,261.76 at the beginning of the year[136]. - Total liabilities amounted to CNY 4,473,880,609.41, a decrease from CNY 4,755,613,691.58[136]. - The equity attributable to shareholders of the parent company increased to CNY 4,981,008,569.35 from CNY 4,243,186,760.66[136]. - The company's total equity increased to RMB 5,927,785,463.94 from RMB 5,342,273,420.26, indicating a growth of around 10.9%[132].