NSU(SZ:002089)2018-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2018 was ¥191,011,608.22, a decrease of 69.30% compared to ¥622,245,600.19 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥13,310,353.74, down 76.24% from ¥56,020,728.71 year-on-year[17]. - The net profit after deducting non-recurring gains and losses was -¥91,326,677.06, a decline of 489.51% compared to ¥23,446,647.15 in the previous year[17]. - Basic and diluted earnings per share were both ¥0.0097, reflecting a decrease of 76.23% from ¥0.0408 in the previous year[17]. - The company achieved a total operating revenue of 191.01 million yuan in the first half of 2018, a decrease of 69.30% compared to 622.25 million yuan in the same period of 2017[46]. - The LED business revenue was 71.27 million yuan, down 47.60% year-on-year, while the communication network products revenue was 29.65 million yuan, a decline of 45.14%[46]. - The company reported a total profit for the current period of ¥12,916,275.58, down from ¥74,418,269.66 in the previous period, indicating a decrease of 82.7%[197]. Cash Flow and Assets - The net cash flow from operating activities improved to ¥61,208,479.40, a significant increase of 159.31% from -¥103,198,418.47 in the same period last year[17]. - The total assets at the end of the reporting period were ¥4,647,799,004.43, an increase of 0.76% from ¥4,612,854,628.75 at the end of the previous year[17]. - The company’s cash and cash equivalents decreased by 56.30% to -¥146,770,863.51, compared to -¥335,861,812.43 in the same period last year[52]. - Total current assets increased to CNY 1,827,738,160.19 from CNY 1,653,960,408.96, representing a growth of approximately 10.5%[188]. - Total liabilities increased to CNY 2,751,226,325.06 from CNY 2,709,759,619.04, reflecting a growth of about 1.5%[189]. - Total equity decreased slightly to CNY 1,896,572,679.37 from CNY 1,903,095,009.71, a decline of approximately 0.1%[190]. Investments and Subsidiaries - The company plans to invest 500 million yuan in collaboration with Guoao Fund for lithium industry projects, including a lithium spodumene processing plant in Canada and a domestic lithium carbonate processing facility[38][45]. - The company has invested in Jiangxi Dibi Ke, which specializes in lithium-ion battery systems for electric vehicles, and its products are also used in energy storage and communication bases[28]. - Major subsidiaries contributing over 10% to the company's net profit include Shenzhen Yisi Bo Software Technology Co., Ltd., with a net profit of 17,919,746.2 yuan[69]. - The company is actively pursuing a major asset restructuring related to Shaanxi Tongjia, which is progressing normally[71]. Research and Development - The company has established a research and development system for electric logistics vehicles and batteries, enhancing its competitive edge in technology[40]. - The company aims to enhance its product offerings through ongoing research and development in both the new energy and communication fields[25]. - Research and development expenses decreased by 38.27% to ¥18,538,219.48, down from ¥30,032,076.42 in the previous year[52]. Market and Business Strategy - The company is focused on expanding its market presence in the new energy and communication sectors, leveraging technological advancements[25]. - The company has integrated resources to support businesses aligned with its strategic transformation, while divesting from non-core operations[39]. - The company aims to maintain its leading position in the electric logistics vehicle market, which has seen strong sales, and plans to expand its market share while managing risks associated with market demand fluctuations[75]. Related Party Transactions - The company engaged in related party transactions, with a procurement transaction amount of 77.74 million yuan, accounting for 2.75% of the same type of transaction amount[102]. - The total amount of daily related party transactions for 2018 is estimated to not exceed 383.50 million yuan, with actual transactions during the reporting period amounting to 3.2861 million yuan, which is within the expected range[105]. - The company has not engaged in any asset or equity acquisition or sale related party transactions during the reporting period[106]. Legal and Compliance Issues - The company is currently involved in a lawsuit against Hunan Taida for failing to pay performance compensation amounting to 235.1 million yuan[96]. - The company has implemented measures to freeze Hunan Taida's assets equivalent to the value of the performance compensation owed[93]. - The semi-annual financial report for the company has not been audited[94]. Employee Stock Ownership - The first employee stock ownership plan held a total of 23,024,264 shares at the beginning of the reporting period, with a reduction of 10,100,000 shares during the period, representing 0.73% of the total shares[99]. - As of the end of the reporting period, the first employee stock ownership plan retained 12,924,264 shares, accounting for 0.94% of the total share capital[99]. - The third employee stock ownership plan purchased a total of 18,164,055 shares, approximately 1.32% of the total share capital, with a total transaction amount of 132,303,674.95 yuan, at an average price of 7.28 yuan per share[100].