Addsino (SZ:000547)2018-08-23 16:00Financial Performance - The company's operating revenue for the reporting period was ¥999,925,675.50, representing a 13.84% increase compared to ¥878,379,537.40 in the same period last year[17]. - The net profit attributable to shareholders was ¥167,790,337.30, a 44.85% increase from ¥115,837,700.57 year-on-year[17]. - The net profit after deducting non-recurring gains and losses was ¥152,145,367.48, up 42.87% from ¥106,494,043.83 in the previous year[17]. - The basic earnings per share increased by 50.00% to ¥0.12 from ¥0.08[17]. - The company achieved a revenue of 1 billion yuan, an increase of 13.84% year-on-year, with a net profit of 168 million yuan, up 44.85%[39]. - The company reported a 30.28% increase in total profit, reaching 205 million yuan[39]. - The company reported a significant reduction in net cash flow from investment activities, improving by 90.03% to a net outflow of ¥57,869,126.88 from ¥580,508,387.60 in the previous year[45]. - The company reported a loss of ¥24,961,600.00 from its securities investment in Guangfa Securities, with a fair value of ¥94,046,000.00 at the end of the period[56]. Assets and Liabilities - The total assets at the end of the reporting period were ¥7,628,002,296.02, a slight increase of 0.08% from ¥7,622,226,058.82 at the end of the previous year[17]. - The net assets attributable to shareholders increased by 2.79% to ¥5,545,297,905.17 from ¥5,394,793,214.41[17]. - The company's cash and cash equivalents increased to ¥1,519,006,335.79, accounting for 19.91% of total assets, up from 17.19% in the previous year[52]. - The total liabilities decreased, with short-term borrowings down to ¥80,036,534.00 from ¥90,850,000.00, reflecting a reduction of 0.21 percentage points in total asset proportion[52]. - The total assets of Chongqing Jinmeitong are reported at ¥1,310,791,690.00, with a net asset value of ¥663,576,885.00[61]. - The total liabilities decreased to approximately ¥1.79 billion from ¥1.94 billion, a reduction of about 7.9% year-over-year[133]. Cash Flow - The company reported a net cash flow from operating activities of -¥455,004,599.32, which is a 49.88% decline compared to -¥303,570,341.37 in the same period last year[17]. - The net cash flow from operating activities decreased by 49.88%, resulting in a net outflow of ¥455,004,599.32, primarily due to increased expenditures on goods and services[45]. - The company reported a net cash flow from operating activities of -9,432,236.55 yuan, an improvement from -163,810,603.30 yuan in the previous period[152]. - The net increase in cash and cash equivalents was -34,339,345.55 yuan, an improvement from -108,730,851.78 yuan in the prior period[152]. Business Development - The company is focusing on five major business directions, including electromagnetic technology engineering and communication command, while expanding into new areas such as network information security and marine information equipment[24]. - The company is actively developing the network information security sector, focusing on high-quality development in areas such as big data security and government security[27]. - The company is focusing on international business development, particularly in the marine information equipment sector, to enhance its market presence[41]. - The company is advancing its civilian industries, including intelligent transportation and automotive electronics, with rapid revenue growth in the new energy vehicle sector[41]. - The company plans to enhance its research and development capabilities to improve competitiveness in the military and civilian markets amid increasing market competition[63]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company’s major shareholders include China Aerospace Science and Industry Group with 7.27% (103,944,032 shares) and China Aerospace Science and Technology Corporation with 8.12% (116,146,578 shares)[103]. - The number of shareholders holding ordinary shares at the end of the reporting period was 110,227[103]. - The company plans to implement a shareholder dividend return plan from 2018 to 2020[96]. Financial Management - The company’s short-term borrowings decreased by 33%, indicating improved financial management[32]. - The company is actively pursuing capital operations and asset disposals to improve overall profitability and efficiency[43]. - The company maintained a loan repayment rate of 100% and an interest payment rate of 100%[123]. Risks and Compliance - The company faces risks related to mergers and acquisitions, market competition, and policy changes that could impact its operations[62][63][64]. - The half-year financial report has not been audited[71]. - There were no major litigation or arbitration matters during the reporting period[73]. - The company has not faced any penalties or rectification issues during the reporting period[73]. Accounting and Reporting - The financial statements are prepared based on the accrual basis of accounting, in accordance with the relevant accounting standards[169]. - The company follows the enterprise accounting standards, ensuring that the financial reports reflect a true and complete picture of its financial status as of June 30, 2018[170]. - The company has undergone a change in the scope of consolidation, reducing the number of subsidiaries included in the financial statements[166].