TJKJ(SH:600846)2016-08-12 16:00Financial Performance - The company's operating revenue for the first half of 2016 was CNY 1,574,682,454.58, representing a 3.50% increase compared to CNY 1,521,379,119.00 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was CNY 45,025,517.81, up 5.45% from CNY 42,698,441.05 in the previous year[16]. - The company reported a decrease of 2.74% in net profit after deducting non-recurring gains and losses, amounting to CNY 39,197,232.55 compared to CNY 40,300,459.34 last year[16]. - The total comprehensive income for the first half of 2016 was CNY 39,733,178.05, compared to CNY 52,261,943.73 in the same period last year, reflecting a decrease of approximately 24%[80]. - The company reported a significant increase in cash paid to employees, totaling CNY 109,604,767.10, compared to CNY 64,408,513.62 in the prior year[83]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -96,095,775.88, a decrease of 236.38% compared to CNY 70,462,840.30 in the same period last year[16]. - Cash inflows from operating activities amounted to CNY 2,245,816,269.89, an increase of about 37.4% from CNY 1,635,078,456.43 in the previous year[82]. - Cash outflows for operating activities totaled CNY 2,341,912,045.77, up from CNY 1,564,615,616.13, indicating a rise of approximately 49.5%[83]. - The cash and cash equivalents at the end of the period stood at CNY 645,617,315.99, a decrease from CNY 1,084,454,530.28 at the end of the previous period[83]. - The company reported a cash balance of approximately ¥682.84 million at the end of the period, down from ¥869.52 million at the beginning of the period, indicating a decrease of about 21.4%[175]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 9,041,309,177.44, an increase of 6.57% from CNY 8,483,720,431.99 at the end of the previous year[16]. - The company's total liabilities reached ¥6,061,498,004.02, up from ¥5,362,628,521.12, indicating an increase of about 13.0%[71]. - The total equity attributable to shareholders decreased to ¥1,766,539,173.16 from ¥1,787,061,067.69, a decline of approximately 1.3%[72]. - The company’s total assets and liabilities were not detailed in the provided documents, but the equity changes indicate a focus on maintaining financial stability[88]. Investments and Expenditures - Research and development expenses increased by 60.59% to approximately ¥8.2 million, up from ¥5.1 million in the previous year, reflecting a focus on environmental innovation technologies[25]. - The total investment amount during the reporting period was 10.00 million RMB, a decrease of 10,262.40 million RMB compared to the previous year's investment of 10,272.40 million RMB[35]. - The company has ongoing projects with a total investment amount of 697,258 million RMB, with 471,413 million RMB already invested[41]. Shareholder Information - The company plans to distribute a cash dividend of 1 RMB per 10 shares, totaling 62,476,151.6 RMB, based on the total share capital of 624,761,516 shares[42]. - The company held 88,696 shareholders by the end of the reporting period[61]. - The largest shareholder, Shanghai Tongji Asset Management Co., Ltd., holds 146,051,849 shares, accounting for 23.38% of total shares[63]. Corporate Governance - The company conducted 2 shareholder meetings, 4 board meetings, and 4 supervisory board meetings during the reporting period, ensuring compliance with governance standards[57]. - The company has not experienced any changes in controlling shareholders or actual controllers during the reporting period[65]. - The company reappointed Zhonghua Certified Public Accountants (Special General Partnership) for the 2016 financial and internal control audit, with audit fees of 660,000 RMB for financial audit and 280,000 RMB for internal control audit[55]. Accounting Policies - The accounting policies followed by the company comply with the relevant accounting standards, ensuring the accuracy of financial reporting[98]. - The company recognizes the difference between the initial investment cost of long-term equity investments and the fair value of identifiable net assets acquired as goodwill or current profit and loss[103]. - The company measures the fair value of remaining equity interests after losing control over subsidiaries and recognizes the difference as current investment income[105]. Receivables and Provisions - The total accounts receivable at the end of the period amounted to CNY 279,694,688.61, with a bad debt provision of CNY 1,759,764.73, representing a provision rate of 0.63%[181]. - The total balance of other receivables was CNY 1,026,597,221.66, with a bad debt provision of CNY 16,585,098.90, resulting in a provision rate of 1.62%[188][196]. - The company did not recognize any bad debt provisions for the current period, with no recoveries or reversals reported[182]. Inventory Management - The balance of work-in-progress inventory is CNY 48,661,827.29, down from CNY 73,287,934.21 at the beginning of the period[200]. - The total inventory balance at the end of the period is CNY 5,630,199,301.93, with a total provision for decline in value of CNY 20,473,500.00[200].