DHCC(SZ:002065)2015-10-27 16:00Financial Performance - Total assets increased by 30.10% to CNY 10,309,403,363.74 compared to the end of the previous year[7]. - Net profit attributable to shareholders decreased by 3.92% to CNY 192,571,979.98 for the reporting period[7]. - Operating revenue for the period rose by 24.88% to CNY 1,438,551,948.88 year-on-year[7]. - Net assets attributable to shareholders increased by 20.24% to CNY 7,560,700,786.62 compared to the previous year[7]. - Basic earnings per share decreased by 5.64% to CNY 0.1254 for the reporting period[7]. - The company reported a weighted average return on equity of 2.67%, down by 0.57% from the previous year[7]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 75,451[11]. - The largest shareholder, Beijing Donghua Integrity Computer Technology Development Co., held 20.33% of shares[11]. - The company did not engage in any repurchase transactions during the reporting period[12]. Cash Flow and Assets - Cash flow from operating activities showed a net outflow of CNY 418,528,108.63, an increase of 29.03% compared to the previous year[7]. - Cash and cash equivalents decreased by 42.52% compared to the end of the previous year, mainly due to increased procurement payments for projects and investments in available-for-sale financial assets[15]. - Prepaid accounts increased by 108.37% compared to the end of the previous year, primarily due to increased inventory procurement for projects[15]. - Inventory increased by 63.97% compared to the end of the previous year, mainly due to increased procurement of equipment for projects[15]. - Goodwill increased by 76.78% compared to the end of the previous year, resulting from the acquisition of Shenzhen Zhigao Communication and Beijing Donghua Wanxing, where the purchase cost exceeded the fair value of identifiable net assets[15]. - Long-term borrowings increased to 20.08 million yuan, primarily due to increased long-term borrowings from the subsidiary Shenzhen Zhigao[15]. Financial Expenses and Income - Financial expenses increased by 178.81% compared to the same period last year, mainly due to increased loan interest repayments[15]. - Investment income increased by 1774.38% compared to the same period last year, primarily due to the reduction of shares in the associated company Dongfang Tong and increased investment income for 2013 and 2014[15]. - Cash outflow from investment activities increased by 161.94% compared to the same period last year, mainly due to cash payments for the acquisition of Beijing Donghua Wanxing and Shenzhen Zhigao Communication[15]. Acquisitions and Approvals - The company completed the acquisition of 100% equity in Shenzhen Zhigao Communication and the share transfer procedures, making it a wholly-owned subsidiary[17]. - The company received approval from the China Securities Regulatory Commission for the issuance of shares and cash to purchase assets and raise matching funds for the acquisition of Shenzhen Zhigao Communication[17]. Future Projections - The estimated net profit attributable to shareholders for 2015 is expected to range from ¥103,865.4 million to ¥124,638.48 million, representing a change of 0% to 20% compared to 2014[21]. - The company is transitioning towards an "Internet+" model while maintaining steady growth in traditional business areas, leading to an increase in contract volume and value[21]. Shareholding Changes - As of May 15, 2015, the company reduced its holdings in Dongfang Tong by 2,218,056 shares, accounting for 1.9251% of its total share capital[23]. - Following the reduction, the company held 6,654,168 shares of Dongfang Tong, representing 5.7752% of its total share capital[23]. - The company plans to increase its holdings in Dongfang Tong by up to ¥21,000,000, with a total of 396,000 shares acquired by September 25, 2015, raising its stake to 6.1189%[24].