宁波东力(002164) - 2014 Q2 - 季度财报

Financial Performance - The company reported a revenue of ¥239,322,251.24 for the first half of 2014, a decrease of 13.12% compared to ¥275,449,553.09 in the same period last year[19]. - The net profit attributable to shareholders was a loss of ¥4,253,652.58, representing a decline of 201.05% from a profit of ¥4,209,383.95 in the previous year[19]. - The net cash flow from operating activities was negative at ¥15,549,735.41, a significant decrease of 181.95% compared to ¥18,975,527.12 in the same period last year[19]. - Operating revenue for the current period was ¥239.32 million, a decrease of 13.12% compared to ¥275.45 million in the same period last year[29]. - The net profit attributable to the parent company was -¥4.25 million, reflecting a decrease of 201.05% from a profit of ¥4.21 million in the previous year[29]. - The company's net profit margin was impacted by an asset impairment loss of CNY -8,331,941.00, compared to a gain of CNY 5,790,032.00 in the previous period[110]. - The net profit for the current period is ¥7,521,320.25, compared to ¥10,080,206.02 in the previous period, indicating a decline[114]. - The total profit for the current period is ¥3,025,573.42, down from ¥11,933,933.41 in the previous period[114]. Assets and Liabilities - The company's total assets increased by 1.79% to ¥1,958,814,553.18 from ¥1,924,274,192.70 at the end of the previous year[19]. - The total amount of raised funds was ¥53.38 million, with cumulative investment of ¥53.80 million as of the reporting period[43]. - Current liabilities totaled CNY 855,572,528.29, an increase of 4.9% from CNY 815,425,983.75 in the previous period[105]. - The company's total liabilities increased, with cash used for debt repayment amounting to ¥181,000,000.00, compared to ¥239,850,000.00 in the previous period[122]. Cash Flow - The company's cash and cash equivalents decreased by 41.97% to -¥11.94 million from -¥20.57 million year-on-year[30]. - The net cash flow from operating activities was -¥15.55 million, a decline of 181.95% compared to ¥18.98 million in the same period last year[29]. - The cash flow from operating activities was significantly impacted by a reduction in cash outflows related to employee payments, which decreased from ¥9,808,150.27 to ¥5,017,592.46[121]. - The net cash flow from investing activities was -¥27,756,793.06, showing a significant decline compared to -¥130,307,905.49 in the previous period[121]. Investments and Projects - The company reported a total investment of ¥36.96 million in external equity, a slight increase of 0.53% from ¥36.77 million in the previous year[35]. - The modular reduction motor project aimed for an annual production of 40,000 units but did not meet expected benefits due to a downturn in the downstream industry, resulting in lower sales[48]. - The large wind turbine gearbox industrialization project also failed to achieve expected benefits, as it is still in the early operational phase and did not recognize revenue in the first half of the year[48]. - The company plans to continue using the remaining fundraising for the original committed investment projects, primarily for equipment payments and related bank interest[49]. Shareholder Information - The total number of shares outstanding is 445,625,000, with 90.91% being unrestricted shares[89]. - The largest shareholder, Dongli Holding Group, holds 33.32% of shares, totaling 148,500,000 shares, with 86,000,000 shares pledged[91]. - The total number of common shareholders at the end of the reporting period was 25,081[91]. Corporate Governance - The company has maintained compliance with corporate governance regulations and has not faced any penalties or corrective actions during the reporting period[63][84]. - The company has committed to avoiding competition with its parent company and has adhered to this commitment throughout the reporting period[83]. - There were no significant litigation or arbitration matters during the reporting period[64]. Accounting Policies - The company adheres to the accounting standards set by the Ministry of Finance and the China Securities Regulatory Commission for financial reporting[135][136]. - The company recognizes goodwill in mergers when the acquisition cost exceeds the fair value of identifiable net assets acquired[140][141]. - The company recognizes impairment losses for financial assets if there is objective evidence of impairment, with specific criteria for different types of financial assets[161]. Research and Development - Research and development expenses decreased by 24.38% to ¥8.43 million from ¥11.15 million year-on-year[29]. - Research and development expenditures are classified into research phase and development phase, with specific criteria for each[200].