SDDSC(SZ:002041)2016-07-22 16:00Financial Performance - The company's operating revenue for the first half of 2015 was CNY 602,884,508.01, representing a 7.04% increase compared to CNY 563,213,430.73 in the same period last year[20]. - The net profit attributable to shareholders was CNY 177,208,179.20, an increase of 8.51% from CNY 163,303,006.35 year-on-year[20]. - The basic earnings per share increased to CNY 0.2014, up 8.51% from CNY 0.1856 in the same period last year[20]. - The company achieved operating revenue of CNY 602.88 million in the reporting period, representing a year-on-year growth of 7.04%[31]. - The main business revenue was CNY 601.16 million, with a year-on-year increase of 7.58%, while the main business cost rose by 13.10% to CNY 281.22 million[29]. - The gross profit margin for the main business decreased by 2.28 percentage points to 53.22%[35]. - The company reported a total profit for the first half of 2015 was CNY 223,487,833.67, compared to CNY 200,447,771.57, reflecting a year-on-year increase of 11.5%[125]. - The total comprehensive income for the period was CNY 209,978,011.65, compared to CNY 193,243,798.28, indicating an increase of 8.7%[126]. Cash Flow and Investments - The net cash flow from operating activities was negative at CNY -65,297,313.59, a significant decrease of 150.46% compared to CNY 129,392,967.11 in the previous year[20]. - The company reported a decrease in sales expenses to CNY 62,069,947.14 from CNY 65,081,523.06, a reduction of 3.1%[125]. - Total cash inflow from investment activities reached 3,297,390,562.91 CNY, compared to 2,867,134,538.53 CNY in the prior period, reflecting an increase of approximately 15%[134]. - The net cash flow from investment activities was 37,744,878.51 CNY, a recovery from a negative cash flow of -786,552,780.11 CNY in the previous period[134]. - The company reported a total cash outflow from financing activities of 174,570,848.14 CNY, compared to 234,023,608.52 CNY in the previous period, indicating a reduction of approximately 25%[134]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,707,711,508.94, down 6.12% from CNY 3,949,334,688.29 at the end of the previous year[20]. - Current assets totaled ¥3,042,376,388.65, down from ¥3,297,934,418.41 at the beginning of the period, indicating a decrease of about 7.8%[116]. - Total liabilities decreased to ¥764,682,756.63 from ¥1,046,013,099.49, a decline of approximately 26.9%[117]. - Owner's equity increased to ¥2,943,028,752.31 from ¥2,903,321,588.80, showing a growth of about 1.4%[118]. Research and Development - The company invested CNY 16.35 million in R&D, an increase of 11.06% compared to the previous year[31]. - The company has applied for 131 plant variety rights and obtained 101, with 17 patents filed and granted during the reporting period[36]. - The company developed a new corn variety "Denghai 685," which passed the preliminary review by the National Variety Approval Committee[93]. Dividends and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[5]. - The company distributed a cash dividend of 3.5 RMB per 10 shares and issued 14 bonus shares per 10 shares based on a total share capital of 35,200,000 shares as of December 31, 2014, resulting in a total profit distribution of 616,000,000 RMB[64]. - The actual controller of the company, Mr. Li Denghai, increased his shareholding by purchasing 286,200 shares, representing 0.03% of the total issued shares, for a total of 500.2746 million RMB[93]. Financial Products and Returns - The company has maintained a focus on non-associated parties for its financial products, ensuring a diversified investment strategy[46]. - The financial products offered by the company have shown resilience in returns despite market fluctuations, indicating strong management and product selection[47]. - The company reported a total of 2,300 units in guaranteed income products with an annualized return of 26.08% for the period from October 11, 2014, to January 12, 2015[46]. - The company achieved an annualized return rate of 3.62% for 1,000 million in principal-protected income from April 15 to May 15, 2015[49]. Corporate Governance and Compliance - The company did not engage in any major litigation or arbitration matters during the reporting period[71]. - The company did not conduct any asset acquisitions or sales during the reporting period[73][74]. - The company has no significant related party transactions during the reporting period[77]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring accurate financial reporting[168]. Future Outlook - Future outlook remains optimistic with plans for market expansion and potential mergers and acquisitions being discussed[116]. - The company is focusing on expanding its market presence through strategic investments and partnerships[51]. - New product development initiatives are underway to enhance the company's competitive edge in the market[51].