HSSM(SZ:002290)2015-08-20 16:00Financial Performance - The company's operating revenue for the first half of 2015 was ¥573,222,728.40, representing a 2.21% increase compared to ¥560,840,608.69 in the same period last year[19]. - The net profit attributable to shareholders was ¥22,277,039.21, which is a 3.66% increase from ¥21,491,492.90 year-on-year[19]. - Basic earnings per share increased by 10.00% to ¥0.11 from ¥0.10 in the previous year[19]. - The weighted average return on net assets rose to 2.63%, an increase of 0.44% compared to 2.19% in the same period last year[19]. - The operating profit reached CNY 23.49 million, reflecting a growth of 7.71% compared to the previous year[29]. - The total profit for the first half of 2015 was CNY 25,232,487.21, an increase of 6.8% from CNY 23,625,721.01 in the same period of 2014[114]. - The company reported a total comprehensive income of 11,025,520.3 yuan for the current period, reflecting a significant increase compared to the previous period[133]. Cash Flow - The net cash flow from operating activities decreased significantly by 59.64%, amounting to ¥24,075,372.13 compared to ¥59,649,807.43 in the previous year[19]. - The net cash flow from operating activities for the first half of 2015 was CNY 30,104,071.44, a decrease of 50% compared to CNY 60,353,954.88 in the same period last year[122]. - Total cash inflow from operating activities was CNY 461,928,337.48, up from CNY 386,933,667.60 in the previous year, representing an increase of approximately 19.4%[122]. - Cash outflow from operating activities totaled CNY 431,824,266.04, compared to CNY 326,579,712.72 in the previous year, indicating a rise of about 32.2%[122]. - The net cash flow from investing activities was -CNY 13,964,137.09, a slight improvement from -CNY 249,219,981.48 in the previous year[122]. - The net cash flow from financing activities was -CNY 81,376,030.21, a decrease from CNY 87,742,337.05 in the same period last year[123]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,345,115,285.54, down 5.73% from ¥1,426,875,849.68 at the end of the previous year[19]. - The total liabilities decreased to CNY 514,825,079.89 from CNY 587,261,883.24, representing a decline of about 12.3%[104]. - The company's cash and cash equivalents decreased to CNY 205,393,621.36 from CNY 276,399,453.67, a drop of approximately 25.6%[102]. - The current liabilities totaled CNY 491,777,889.35, down from CNY 571,396,781.27, indicating a decrease of about 13.9%[104]. - The total equity attributable to shareholders decreased to CNY 830,290,205.65 from CNY 839,613,966.44, reflecting a decline of approximately 1.1%[105]. Dividend and Shareholder Information - The company plans to not distribute cash dividends or issue bonus shares for this period[4]. - The company distributed a cash dividend of 1.50 RMB per 10 shares, totaling 31.60 million RMB, based on a total share capital of 210,672,000 shares as of December 31, 2014[49]. - The total number of common shareholders at the end of the reporting period is 13,885[89]. - Zhao Dongming holds 39.68% of the shares, amounting to 83,584,550 shares[89]. - The company has no preferred shares in the reporting period[95]. Corporate Governance and Compliance - The company has maintained compliance with corporate governance regulations and has no discrepancies with the requirements of the Company Law and relevant regulations[55]. - There were no significant litigation or arbitration matters during the reporting period[56]. - The company did not engage in any asset acquisitions during the reporting period[58]. - There were no major contracts or other significant transactions reported during the period[75][76]. - The company did not implement any equity incentive plans during the reporting period[62]. Investment and Market Position - The company plans to raise funds through a private placement to invest in projects related to supply chain financial management and new composite materials production[28]. - The company reached an agreement to transfer 26.5% of its stake in Jinyingma to Mr. Teng, with the payment to be completed within three years at an annual interest rate of 8%[26]. - The company’s customer network includes major domestic and international white goods manufacturers, enhancing its market presence[34]. - The increase in net profit is attributed to the growth in sales of composite materials for home appliances[48]. Accounting Policies and Financial Reporting - 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[141]. - The financial statements comply with the requirements of enterprise accounting standards, accurately reflecting the company's financial position and operating results[143]. - The company employs the equity method for accounting for investments in subsidiaries and recognizes goodwill in business combinations when the purchase cost exceeds the fair value of identifiable net assets[147]. - The company recognizes revenue from the sale of goods when the main risks and rewards of ownership are transferred to the buyer, and the amount can be reliably measured[187]. Research and Development - Research and development investment decreased by 9.66% to CNY 14.70 million[30]. - The company has not disclosed any new product or technology developments in the report[68]. - The company has not reported any new product developments or market expansions during this period[1].