WBDE(SZ:002082)2017-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2017 was ¥5,868,811,676.29, representing a 58.96% increase compared to ¥3,692,111,698.69 in the same period last year[17]. - The net profit attributable to shareholders of the listed company decreased by 22.41% to ¥29,730,016.12 from ¥38,314,538.29 year-on-year[17]. - Basic earnings per share fell by 25.00% to ¥0.12 from ¥0.16 in the same period last year[17]. - The company achieved a net profit attributable to shareholders of 29,730,016.12 yuan, a year-on-year decrease of 22.41%[26]. - Revenue for the reporting period was 5,868,811,676.29 yuan, representing a year-on-year increase of 58.96%[34]. - The total profit for the first half of 2017 was CNY 36,821,056.03, compared to CNY 45,604,165.12 in the previous year, reflecting a decrease of approximately 19.0%[124]. - The total comprehensive income for the first half of 2017 was CNY 31,026,059.89, down from CNY 40,353,359.64 in the previous year, a decrease of approximately 23.0%[124]. Cash Flow - The net cash flow from operating activities was negative at -¥29,230,925.25, a decline of 136.48% compared to ¥80,125,747.85 in the previous year[17]. - The net cash flow from investing activities also worsened to -¥216,000,912.29, a decrease of 97.92% from -¥109,138,174.87[37]. - The net cash flow from financing activities decreased by 106.53% to -¥59,500,000.00 from -¥28,808,959.03[37]. - The net cash flow from operating activities was -29,230,925.25 CNY, a decrease from 80,125,747.85 CNY in the previous period, indicating a significant decline in operational performance[130]. - Total cash inflow from operating activities was 7,007,159,963.89 CNY, compared to 4,489,307,048.53 CNY in the previous period, reflecting a growth of approximately 56.7%[130]. - Cash outflow from operating activities totaled 7,036,390,889.14 CNY, up from 4,409,181,300.68 CNY, marking an increase of about 59.3%[130]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,654,131,845.30, a slight decrease of 0.26% from ¥1,658,423,235.33 at the end of the previous year[18]. - The company's total equity decreased to CNY 1,368,100,232.61 from CNY 1,396,574,172.72, indicating a decline of about 2.0%[116]. - The company's total liabilities at the end of the reporting period were 775,972,000.00 CNY, showcasing a manageable debt level[140]. - The company's cash and cash equivalents decreased significantly from CNY 431,730,907.83 to CNY 182,405,220.49, a reduction of approximately 57.7%[118]. - The company's accounts receivable increased by 51.37% compared to the beginning of the period, attributed to lower sales collection at the end of the previous year[28]. Inventory and Costs - The company’s inventory increased by 68.79% compared to the beginning of the period, primarily due to an increase in product stock[28]. - The cost of sales increased to ¥5,788,620,559.90, reflecting a year-on-year growth of 60.91% from ¥3,597,536,363.26[37]. - Total operating costs for the first half of 2017 were CNY 5,835,187,225.51, compared to CNY 3,649,692,034.04 in the previous year, reflecting an increase of about 60.0%[123]. Research and Development - Research and development expenses rose by 13.99% to ¥22,320,588.96 from ¥19,580,917.40 in the previous year[37]. - The company developed a total of 35 new product series during the reporting period, including 20 window products and 15 curtain wall products[35]. - The company aims to enhance its competitiveness through increased R&D investment and by improving product performance and precision[56]. Governance and Risk Management - The company plans to enhance its governance structure and risk control to ensure the achievement of development goals and maintain investor relations[35]. - The company has outlined potential risks and corresponding countermeasures in the report[6]. - The company is committed to adhering to its promises regarding share transfer limitations and maintaining shareholder trust[61]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[7]. - The controlling shareholder, Lu Zhibao, transferred 22,472,680 shares to Wanbangde Group, resulting in Wanbangde holding 18.88% of the company[84]. - The total number of common shareholders at the end of the reporting period is 39,582[95]. Legal and Compliance - The company did not conduct any significant litigation or arbitration matters during the reporting period[66]. - The company has no major related party transactions during the reporting period[70]. - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[71]. Financial Reporting - The company's half-year financial report has not been audited[64]. - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[150]. - The company adheres to the enterprise accounting standards, ensuring that the financial statements reflect its financial position and operating results accurately[151].