*ST天沃(002564) - 2015 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2015 was CNY 1,045,235,166.88, a decrease of 8.56% compared to CNY 1,143,023,977.28 in the same period last year[22]. - Net profit attributable to shareholders increased by 8.00% to CNY 46,087,655.36, up from CNY 42,675,064.32 year-on-year[22]. - The net profit after deducting non-recurring gains and losses rose by 21.78% to CNY 42,579,682.88, compared to CNY 34,965,782.94 in the previous year[22]. - Basic earnings per share increased by 6.90% to CNY 0.062, compared to CNY 0.058 in the previous year[22]. - The comprehensive gross profit margin for the main business was 22.72%, an increase of 2.76% compared to the previous year[38]. - The total revenue for the overall business was 1,035,282,715.43 CNY, with a year-on-year decrease of 7.32% and a gross margin of 22.72%[44]. - The total current assets of the company were CNY 4,680,858,749.64, an increase from CNY 4,325,416,022.59 at the beginning of the period[123]. - The total equity attributable to the parent company at the end of the period is 2,993,698,587.89 CNY, an increase from the previous period's total of 2,945,523,606.38 CNY, reflecting a growth of approximately 1.63%[149]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to CNY 20,721,124.78, a turnaround from a negative cash flow of CNY -170,639,478.84 in the same period last year, representing a 112.14% increase[22]. - Cash inflows from operating activities totaled CNY 1,129,317,089.06, a decrease from CNY 1,212,336,853.99 in the prior period[138]. - The ending balance of cash and cash equivalents was CNY 615,509,345.99, compared to CNY 934,510,290.84 at the end of the previous period[140]. - The company’s cash outflows for purchasing goods and services decreased from CNY 888,410,063.06 to CNY 644,387,482.11[139]. - The net increase in cash and cash equivalents was 156,423,957.51 CNY, a decrease of 65.68% compared to the previous period, primarily due to reduced financing activities[40]. Investments and R&D - Research and development investment decreased by 62.49% to CNY 19,890,013.97, primarily due to the initiation of new R&D projects[39]. - The company established the Jiangsu Engao Industrial Technology Research Institute to enhance R&D capabilities in fine chemical products and energy-saving technologies[34]. - The company has made significant progress in clean energy and general contracting businesses, with successful bids for three projects from China Aluminum Corporation[45]. - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[132]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 69,091[109]. - The largest shareholder, Chen Yuzhong, holds 38.04% of the shares, totaling 281,408,574 shares, with a decrease of 37,000,000 shares during the reporting period[109]. - The shareholder structure indicates a significant concentration of ownership, with the top three shareholders holding over 40% of the total shares[109]. - The company does not have any preferred shares outstanding during the reporting period[114]. Governance and Compliance - The company has established a governance structure in compliance with relevant laws and regulations, ensuring the protection of investor interests[76]. - The company will continue to strengthen its governance practices and internal control systems for sustainable development[76]. - There were no significant litigation or arbitration matters during the reporting period[77]. - The company has not reported any changes in accounting policies or prior period error corrections during the current period[149]. Future Outlook - The expected net profit attributable to shareholders for the period from January to September 2015 is projected to range from RMB 47.15 million to RMB 72.12 million, reflecting a change of -15.00% to 30.00% compared to the same period in 2014[69]. - The company plans to explore cooperation opportunities in regions with urgent gas supply needs, such as Zibo and Jiangxi, leveraging the successful implementation of the China Aluminum demonstration project[46].