TST(SZ:002337)2018-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2018 was ¥142,412,434.86, a decrease of 19.57% compared to ¥177,063,035.92 in the same period last year[17]. - The net profit attributable to shareholders was -¥28,339,863.57, representing a decline of 160.81% from ¥46,603,804.99 in the previous year[17]. - The net cash flow from operating activities was -¥12,451,200.44, down 116.08% from ¥77,413,017.26 in the same period last year[17]. - The basic earnings per share were -¥0.05, a decrease of 162.50% compared to ¥0.08 in the previous year[17]. - The company achieved total revenue of 142.41 million yuan in the first half of 2018, a year-on-year decrease of 19.57%[35]. - The net profit attributable to shareholders was -28.34 million yuan, representing a year-on-year decline of 160.81%[35]. - The company reported a net profit loss forecast for the first nine months of 2018, estimated between -39.19 million to -15.87 million yuan, compared to a profit of 63.88 million yuan in the same period of 2017[63]. - The total comprehensive income for the period was -25,931,356.85 CNY, compared to 49,511,594.23 CNY in the previous period[136]. - The company reported a profit distribution of CNY -5,886,150, which includes the allocation to shareholders[153]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,622,440,022.12, a decrease of 2.17% from ¥1,658,406,755.06 at the end of the previous year[17]. - The net assets attributable to shareholders were ¥1,180,093,066.01, down 2.82% from ¥1,214,327,681.75 at the end of the previous year[17]. - The company's total equity decreased to CNY 1,246,962,699.17 from CNY 1,278,780,213.52, a decline of 2.48%[128]. - Total liabilities rose to CNY 299,080,897.63, up from CNY 243,895,945.22, marking an increase of 22.56%[128]. - The company's total equity attributable to the parent company's owners at the end of the period was 1,334,353,397.00 yuan, reflecting a decrease from the previous period[145]. Cash Flow - Cash inflow from operating activities totaled 273,786,932.34 CNY, a decrease from 323,472,956.92 CNY year-over-year[139]. - The net cash flow from operating activities was -12,451,200.44 CNY, down from 77,413,017.26 CNY in the previous period[139]. - Cash inflow from investment activities was 136,552,803.64 CNY, compared to 388,669,900.00 CNY in the previous period[140]. - The net cash flow from investment activities was 16,272,307.35 CNY, a significant improvement from -97,310,476.23 CNY year-over-year[140]. - The company reported a decrease in cash inflow from sales of goods and services, which was 222,359,843.99 CNY compared to 189,333,580.96 CNY in the previous period[138]. Business Operations - The main business remains focused on the rubber machinery industry, specifically on the R&D and manufacturing of key intelligent equipment for radial tires[24]. - The company continues to serve a global customer base, primarily consisting of well-known tire manufacturers[24]. - The company focuses on "order-based production" to provide personalized key intelligent equipment through efficient and standardized information processes[26]. - The company has developed multiple series of intelligent equipment for radial tires, with most products being domestic firsts and achieving international leading quality[26]. - The company is leveraging advanced technologies such as AGV mobile robots and automated logistics to create intelligent tire factories[32]. Research and Development - The company holds 80 valid invention patents, including 5 foreign patents, and has received numerous national awards for technological advancements[30]. - The company emphasizes continuous innovation and has established a national-level enterprise technology center to drive research and development[29]. - Research and development expenses fell by 12.73% to $15.50 million, down from $17.76 million in the previous year[37]. - The company has developed new products including fully automatic tire forming machines and engineering tire production lines in the past two years[158]. Legal and Compliance - The company has not experienced any major litigation or arbitration matters during the reporting period[74]. - The company has taken legal actions to enforce a court judgment related to a loan dispute, indicating active management of its financial risks[74]. - The company is involved in multiple legal disputes with total claims exceeding 10 million CNY, including penalties and legal fees[76]. - The company has incurred significant legal costs, including 120,000 CNY in one case and 60,000 CNY in another, highlighting the financial burden of litigation[75]. Shareholder Information - The total share count of 588,615,750, with 99.83% being unrestricted shares[102]. - The largest shareholder, Tianjin Saixiang Venture Investment Co., Ltd., holds 32.15% of the shares, amounting to 189,230,000 shares[106]. - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[107]. Corporate Governance - The company has committed to not engaging in any competitive business activities that could conflict with its interests, ensuring long-term stability[70]. - There were no stock incentive plans, employee stock ownership plans, or other employee incentive measures implemented during the reporting period[80]. - The company has not reported any new product developments or technological advancements in the current financial period[150]. Market and Economic Conditions - The company faces risks related to raw material price fluctuations and increasing accounts receivable[4]. - The company is actively responding to challenges from rising raw material prices and trade tensions by optimizing supplier management and improving manufacturing efficiency[35]. - The company reported a high overall quality of accounts receivable, with a low probability of bad debts, but acknowledged potential risks from market competition and macroeconomic factors[64].