WISCOM(SZ:002090)2016-08-28 16:00Financial Performance - The company achieved operating revenue of CNY 709,196,789.55, representing a 25.31% increase compared to the same period last year[21]. - The net profit attributable to shareholders decreased by 40.09% to CNY 48,333,005.95 from CNY 80,678,942.93 in the previous year[21]. - The net profit after deducting non-recurring gains and losses increased by 11.17% to CNY 43,401,381.74[21]. - Basic earnings per share decreased by 46.25% to CNY 0.2086 from CNY 0.3881[21]. - The total revenue for the first half of 2016 was CNY 707.66 million, representing a 33.85% increase compared to CNY 468.15 million in the same period last year[48]. - The company reported a total comprehensive income of CNY 66,980,822.36, compared to CNY 76,274,573.38 in the previous year, indicating a decrease of 12.4%[165]. - The company reported a net profit of CNY 436,677,232.38, which is an increase from CNY 423,102,062.03, showing a growth of 3.0%[157]. - The company’s total comprehensive income for the current period was CNY 66,980,000, reflecting a decrease of 21.95% compared to the previous period[179]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at CNY -126,461,451.42, a decline of 160.06% compared to the previous year[21]. - The cash flow from operating activities showed a negative net amount of ¥126.46 million, a decline of 160.06% compared to the previous year, primarily due to increased operational expenditures[43]. - Cash inflows from operating activities totaled CNY 531,924,368.12, slightly down from CNY 541,286,620.83 in the previous period[169]. - The company reported a cash balance of ¥545,760,053.56 at the end of the period, an increase of 19.8% from ¥455,600,392.47 at the beginning[154]. - The total cash inflow from financing activities was 885,042,388.00 CNY, up from 623,299,276.02 CNY, reflecting increased financing efforts[172]. - The net cash flow from investing activities was -373,504,782.89 CNY, worsening from -252,704,254.33 CNY, highlighting significant investment outflows[172]. Assets and Liabilities - Total assets increased by 24.61% to CNY 3,292,713,720.72 compared to the end of the previous year[21]. - Total liabilities increased to CNY 2,047,974,632.04 from CNY 1,430,914,085.85, representing a growth of 43.1%[156]. - The company’s long-term borrowings increased to CNY 350,980,166.35 from CNY 316,639,091.57, reflecting a rise of 10.8%[156]. - The company’s inventory decreased to CNY 23,626,142.51 from CNY 51,729,995.87, a decline of 54.4%[159]. Research and Development - The company achieved significant progress in R&D for smart grid and smart city sectors, with successful testing of the new PACS-5900/5900D high-voltage protection devices and iPACS-5996 smart terminals[30]. - Research and development expenses increased by 4.35% to ¥50.79 million, indicating a commitment to innovation[43]. - The company has enhanced its R&D and market promotion efforts for new technologies and products related to smart grids since 2009, positioning itself as a rising player in the market[37]. Market and Business Operations - The company secured multiple contracts in the power generation and industrial automation sectors, including large-scale projects for 600MW and above units, despite a year-on-year decline in coal power investment[32]. - The company maintained strong performance in power design and engineering services, winning multiple contracts in wind and solar power projects, including a 99MW wind farm in Hubei[35]. - The company is actively expanding into overseas markets, particularly in Southeast Asia, to enhance its international presence[41]. - The company is focused on expanding its operations in the power automation sector, with ongoing investments in new technologies and products[68]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company distributed a cash dividend of 1.50 CNY per 10 shares, totaling 34,757,835.60 CNY (including tax) based on a total share capital of 231,718,904 shares as of February 2016[71]. - The total number of ordinary shareholders at the end of the reporting period was 18,410[141]. - Jiangsu Jinzhi Group Co., Ltd. held 37.69% of the shares, totaling 87,323,800 shares, with 33,248,700 shares pledged[142]. Stock Option Incentive Plan - The company implemented a stock option incentive plan in 2013, granting 16 million stock options to 144 incentive targets[84]. - The total cost of stock option incentives recorded in the financial statements for the reporting period was 1.9165 million CNY[87]. - The company’s stock option incentive plan aims to align the interests of employees with those of shareholders[87]. - The total number of options available for exercise in the second phase was 5.4005 million, while in the third phase it increased to 6.084 million[86][87]. Future Outlook - The projected net profit for the period from January to September 2016 is expected to be between CNY 70 million and CNY 80 million, reflecting a decrease of 20% to 30% compared to the same period in 2015[69]. - The company expects to maintain a stable growth trajectory in the upcoming quarters, with a projected revenue of 4,000 million[89]. - Future outlook remains positive, with management expressing confidence in achieving set performance targets for the year[89].