LGWH(SH:601599)2014-08-08 16:00Financial Performance - The company achieved operating revenue of CNY 1.202 billion, representing a 14.77% increase compared to the same period last year[18]. - The net profit attributable to shareholders was CNY 36.61 million, an increase of 28.61% year-on-year[21]. - Basic earnings per share rose to CNY 0.11, reflecting a 37.50% increase from the previous year[17]. - The net profit after deducting non-recurring gains and losses increased by 106.90% to CNY 28.35 million[18]. - The net profit for the first half of 2014 was CNY 36,206,058.83, representing a 28.5% increase from CNY 28,152,266.07 in the same period last year[65]. - The company's gross profit margin for the current period was approximately 12.99%, calculated from the total operating revenue and operating costs[197]. - The main business income from fine spinning was CNY 557,011,138.93, while the cost of goods sold for this segment was CNY 504,219,104.95, indicating a gross profit of CNY 52,792,033.98[194]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 37.45% to CNY 124.28 million[18]. - The net cash flow from operating activities was CNY 160,875,989.85, an increase from CNY 156,351,520.62 in the previous period[75]. - Total cash inflow from operating activities reached CNY 1,262,573,602.35, compared to CNY 1,072,749,542.96 in the prior period, reflecting a growth of approximately 17.6%[75]. - Cash outflow for purchasing goods and services was CNY 998,251,197.81, up from CNY 845,686,434.10, indicating a rise of about 18.1%[75]. - The ending cash and cash equivalents balance was CNY 64,363,729.04, down from CNY 289,004,203.42, indicating a decrease of about 77.7%[76]. Assets and Liabilities - The total assets of the company increased by 8.59% to CNY 2.799 billion compared to the end of the previous year[18]. - The company reported a total net assets of CNY 974.59 million, a 2.17% increase from the previous year-end[18]. - Total liabilities rose to RMB 1,759,828,784.03 from RMB 1,559,876,817.31, reflecting an increase of about 12.8%[58]. - The company's current assets totaled RMB 1,419,276,531.19, up from RMB 1,190,054,692.03 at the start of the year, indicating a growth of approximately 19.2%[56]. - Accounts receivable increased significantly to RMB 437,676,255.94 from RMB 155,291,630.43, representing a growth of about 182.5%[56]. Investments and Expansion - The company is actively expanding into markets in Japan, South Korea, and Southeast Asia while enhancing brand recognition for high-value products[21]. - The company plans to invest in a subsidiary in Vietnam, but will reassess the situation due to recent events affecting Chinese enterprises in Vietnam[23]. - The company has initiated the acquisition of Century Long Dragon Film and Television Co., Ltd. through a combination of stock issuance and cash payment[22]. - The company is actively pursuing new product development and technological innovation to enhance competitiveness[30]. Shareholder and Equity Information - The company plans to distribute a cash dividend of RMB 0.5 per 10 shares, totaling RMB 15,900,000, with the remaining profit carried forward to the next year[39]. - The total equity attributable to the parent company at the end of the reporting period is CNY 1,039,512,056.31, an increase from CNY 1,018,063,959.54 at the beginning of the year, reflecting a growth of approximately 2.3%[79]. - The company distributed CNY 16,880,000.00 to shareholders, which includes CNY 15,900,000.00 for profit distribution and CNY 980,000.00 for other allocations[79]. Compliance and Governance - The company has no major litigation, arbitration, or media disputes during the reporting period[41]. - The company has not faced any administrative penalties or public reprimands from the China Securities Regulatory Commission during the reporting period[46]. - The company has not reported any changes in accounting policies or prior period error corrections during the current reporting period[81]. Research and Development - The company’s research and development expenses for the current period were CNY 2,938,671.16, down from CNY 5,236,493.57 in the previous period, indicating a focus on cost management[200]. Miscellaneous - The company has a total of RMB 9,030,000 in guarantees for its subsidiaries, which represents 8.69% of the company's net assets[43]. - The company has a significant ongoing construction project with a budget of CNY 318,000,000, of which CNY 145,470,599.98 has been invested so far[165].