NBSS(SH:600884)2016-08-15 16:00Financial Performance - The company's operating revenue for the first half of 2016 was CNY 2,154,118,298.36, representing a 15.16% increase compared to CNY 1,870,566,612.08 in the same period last year[22]. - The net profit attributable to shareholders decreased by 65.72% to CNY 209,480,019.58 from CNY 611,167,011.56 year-on-year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 137.14% to CNY 201,721,330.48 from CNY 85,062,739.49 in the previous year[22]. - The basic earnings per share decreased by 86.49% to CNY 0.201 from CNY 1.488 in the same period last year[23]. - The weighted average return on equity decreased by 10.412 percentage points to 2.839% from 13.251% year-on-year[23]. - The significant decrease in net profit was primarily due to the lack of investment gains from the sale of shares in Ningbo Bank, which occurred in the previous year[23]. - The increase in net profit after deducting non-recurring gains and losses was mainly attributed to the growth in the main business profits, particularly in the lithium battery materials segment[23]. - The company achieved operating revenue of ¥2,154,118,298.36, representing a 15.16% increase compared to ¥1,870,566,612.08 in the same period last year[47]. - The net profit attributable to shareholders of the listed company was CNY 209.48 million, a year-on-year decrease of 65.72%, primarily due to investment income from the sale of available-for-sale financial assets in the previous year[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 201.72 million, a year-on-year increase of 137.14%[28]. Business Segments - The lithium battery materials business generated operating revenue of CNY 1,849.13 million, a year-on-year increase of 21.57%, with a net profit of CNY 137.44 million, up 193.76%[31]. - The company's clothing business reported operating revenue of CNY 239.98 million, a year-on-year decrease of 20.54%, but net profit increased by 263.21% to CNY 23.43 million due to operational adjustments[29]. - The negative electrode materials business achieved operating revenue of CNY 555.88 million, a year-on-year increase of 32.07%, with net profit rising 73.05% to CNY 41.10 million[34]. - The electrolyte business saw a significant revenue increase of 156.26% to CNY 186.53 million, with net profit turning positive at CNY 11.70 million[35]. Investments and Financing - The company completed a non-public offering of A-shares in February 2016, raising a net amount of approximately 3.43 billion RMB to invest in lithium-ion battery materials and key technology R&D for new energy vehicles[54]. - The company’s cash and cash equivalents increased by 207.12% to approximately 2.70 billion RMB, mainly due to the funds raised from the stock issuance[50]. - The company reported a significant increase in asset impairment losses, which rose by 193.31% to ¥33,885,449.40 due to increased provisions for receivables and inventory risks[47][48]. - The company has a cumulative external guarantee balance of 8.18 billion yuan, accounting for 60.2% of its net assets[146]. - The company issued "10 Shanshan Bonds" with a total scale of 600 million yuan, and the net fundraising amount after deducting issuance costs was 592.91 million yuan[141]. - The "10 Shanshan Bonds" were used to repay bank loans of 300 million yuan and the remaining funds were used to supplement working capital[141]. Assets and Liabilities - The company's total assets increased by 30.83% to CNY 13,342,059,070.69 from CNY 10,197,984,461.91 at the end of the previous year[22]. - The total equity attributable to shareholders increased by 72.03% to CNY 8,255,281,679.36 from CNY 4,798,830,615.82 at the end of the previous year[22]. - The total liabilities decreased to ¥4,739,703,595.98 from ¥5,098,780,891.83, indicating a reduction of approximately 7.1%[162]. - The total equity at the end of the reporting period is 4,397,359,469.32 CNY, an increase from the previous period's total of 3,672,863,414.60 CNY, reflecting a growth of approximately 19.7%[189]. Cash Flow - The net cash flow from financing activities was ¥2,756,054,017.09, compared to -613,380,777.32 RMB in the previous period, showing a positive turnaround in financing[178]. - The total cash inflow from financing activities reached 4,085,085,731.47 RMB, a substantial increase from 618,072,330.00 RMB in the prior period, reflecting strong capital raising efforts[178]. - The company reported a net cash outflow from operating activities of ¥523,456,290.42, compared to an outflow of ¥96,424,414.73 in the previous period[174]. - The total cash and cash equivalents at the end of the period amounted to 2,346,678,052.25 RMB, up from 579,359,324.18 RMB at the end of the previous period, indicating improved liquidity[178]. Corporate Governance - The company has maintained compliance with corporate governance standards as per relevant laws and regulations, ensuring independent operation of the board and management[112]. - The financial statements reflect the company's financial position, operating results, changes in shareholders' equity, and cash flows in a true and complete manner, in accordance with accounting standards[198]. - The company prepares financial statements based on the going concern principle, adhering to the accounting standards issued by the Ministry of Finance and relevant regulations[195]. Future Outlook - The company is actively pursuing the split-off of its clothing business for an H-share listing on the Hong Kong Stock Exchange to enhance brand value and expand financing channels[29]. - The company is focusing on expanding its market presence and enhancing product development strategies in the upcoming quarters[168]. - The company plans to invest in new technologies and product lines to drive future growth and market expansion[168].