EBEM(SH:603002)2015-08-25 16:00Financial Performance - The company's operating revenue for the first half of 2015 was ¥485,933,734.84, a decrease of 16.7% compared to ¥583,361,110.09 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2015 was ¥28,824,003.47, down 9.18% from ¥31,735,994.06 in the previous year[17]. - The net profit after deducting non-recurring gains and losses increased by 22.92% to ¥24,345,408.97 from ¥19,805,765.76 year-on-year[17]. - The net cash flow from operating activities was negative at -¥58,982,736.67, compared to -¥54,778,155.78 in the same period last year, reflecting a decrease of 7.68%[17]. - The total assets at the end of the reporting period were ¥1,311,085,879.15, a decrease of 9.59% from ¥1,450,167,321.26 at the end of the previous year[17]. - The net assets attributable to shareholders increased by 1.05% to ¥944,746,011.78 from ¥934,923,889.48 at the end of the previous year[17]. - Basic earnings per share for the first half of 2015 were ¥0.07, down 12.50% from ¥0.08 in the same period last year[18]. - The weighted average return on net assets decreased by 12.89 percentage points to 3.04% from 3.49% year-on-year[18]. Revenue and Costs - The company achieved operating revenue of RMB 486 million in the first half of 2015, a decrease of 16.70% compared to the same period last year[23]. - Operating profit for the same period was RMB 34.47 million, indicating stable operations despite market challenges[23]. - The main business revenue from flame-retardant resin and liquid epoxy resin accounted for 58.68% and 24.15% of total revenue, respectively[26]. - The company's operating costs decreased by 19.08% to RMB 426 million, primarily due to a drop in raw material prices[25]. - Domestic sales generated RMB 426 million, a decline of 10.70%, while international sales fell by 43.54% to RMB 59.34 million[32]. - The average sales volume decreased by 13% year-on-year, contributing to the overall revenue decline[27]. - The gross profit margin for the main business increased by 2.66 percentage points to 12.22% despite lower sales[29]. Cash Flow and Investments - The overall cash flow from operating activities showed a net outflow of RMB 58.98 million, worsening by 7.68% compared to the previous year[25]. - The company reported a total of CNY 319,871,544.31 raised from its initial public offering, with CNY 13,395,787.32 utilized during the reporting period[38]. - The company has invested CNY 335,773,311.71 in the Zhuhai subsidiary for the electronic-grade chemical project, with CNY 22,042,265.46 cumulatively used[39]. - The company reported a net loss of CNY 25,133.03 from its Hong Kong subsidiary during the reporting period[41]. - The company has invested in various principal-protected financial products, with expected returns ranging from 3.0% to 5.2%[37]. - The company reported a cash inflow of 617,248,862.06 RMB from the recovery of investments, slightly lower than 652,170,000.00 RMB in the previous period[96]. Shareholder Information - The company plans to distribute profits by increasing capital reserves, proposing a 5-for-10 bonus share distribution without cash dividends[2]. - The company plans to distribute a capital reserve bonus of 5 shares for every 10 shares held, with no cash dividends for the 2015 interim profit distribution[45]. - The total number of shareholders at the end of the reporting period was 28,166[68]. - The top shareholder, EPOXY BASE INVESTMENT HOLDING LTD., holds 210,000,000 shares, representing 52.5% of the total shares[71]. - Zhang Ping, a significant shareholder, holds 11,100,000 shares, which is 2.755% of the total shares, and these shares are pledged[71]. Assets and Liabilities - Cash and cash equivalents increased to ¥444,297,274.36 from ¥209,184,828.77, showing a growth of approximately 112.4%[79]. - Accounts receivable decreased to ¥285,009,252.84 from ¥333,544,671.46, reflecting a decline of about 14.6%[79]. - Inventory decreased to ¥80,008,387.55 from ¥86,785,679.04, indicating a reduction of approximately 7.8%[79]. - The total current assets decreased to ¥1,180,387,007.49 from ¥1,328,893,163.74, a decline of about 11.2%[79]. - Fixed assets slightly decreased to ¥72,130,359.02 from ¥74,235,720.54, a reduction of approximately 2.8%[79]. - Current liabilities decreased from CNY 515,200,591.78 to CNY 366,311,307.37, a reduction of about 29%[80]. - Total liabilities decreased from CNY 515,243,431.78 to CNY 366,339,867.37, a decline of around 29%[81]. Corporate Governance and Compliance - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[4]. - There were no significant related party transactions reported during the period[52]. - The company has not faced any penalties or administrative actions from regulatory authorities[60]. - The company has retained Tianzhi International Accounting Firm for the 2015 audit without any changes during the audit period[59]. - The company did not experience any changes in its share capital structure during the reporting period[63]. - There were no major contracts or transactions reported during the period[57]. Accounting Policies and Practices - The company adheres to the accounting standards set by the Ministry of Finance, ensuring accurate financial reporting[120]. - The company has maintained its ability to continue as a going concern for at least 12 months from the reporting date[118]. - The accounting period for the company runs from January 1 to December 31 each year[121]. - The company’s accounting currency is RMB[123]. - The company recognizes sales revenue when the risks and rewards of ownership have transferred to the buyer, and the revenue amount can be reliably measured[180].