YILIDA(SZ:002686)2016-07-28 16:00Financial Performance - The company's operating revenue for the first half of 2016 was ¥430,923,280.86, representing a 23.46% increase compared to ¥349,046,970.39 in the same period last year[19]. - The net profit attributable to shareholders was ¥60,655,770.50, a 35.31% increase from ¥44,828,635.55 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥47,224,504.34, which is a 10.33% increase compared to ¥42,801,317.05 in the previous year[19]. - The net cash flow from operating activities reached ¥78,759,263.40, marking a significant increase of 77.91% from ¥44,268,492.30 in the same period last year[19]. - Basic earnings per share rose to ¥0.147, up 33.64% from ¥0.110 in the previous year[19]. - Total assets at the end of the reporting period were ¥1,612,783,046.62, reflecting a 14.04% increase from ¥1,414,175,546.67 at the end of the previous year[19]. - The net assets attributable to shareholders increased to ¥897,776,682.47, a 4.41% rise from ¥859,857,183.70 at the end of the previous year[19]. - The weighted average return on equity was 6.81%, an increase of 1.25% compared to 5.56% in the previous year[19]. Cash Flow and Investments - The company reported a net increase in cash and cash equivalents of CNY 73.90 million, a remarkable increase of 764.59%[31]. - Cash flow from operating activities increased significantly by 77.91% to CNY 78.76 million, mainly due to timely collection of receivables[30]. - The total cash outflow from investing activities was CNY 34,580,702.39, compared to CNY 54,482,698.74 in the prior period[128]. - The net cash flow from investing activities was negative at CNY -21,711,476.88, an improvement from CNY -54,441,698.74 previously[128]. - The cash inflow from financing activities totaled CNY 115,704,111.92, slightly down from CNY 119,820,000.00 last year[128]. - The net cash flow from financing activities was CNY 16,391,195.38, compared to a negative CNY -1,582,006.63 in the previous period[128]. Sales and Market Performance - Domestic sales accounted for CNY 311.70 million, with a gross profit margin of 40.57%[35]. - Export sales reached CNY 119.23 million, showing a significant year-on-year increase of 141.83%[35]. - The company is actively expanding its international market presence and promoting energy-saving motors[32]. - The company has strengthened its brand and technological advantages, maintaining its leading position in the central air conditioning fan industry[36]. Research and Development - Research and development investment rose to CNY 11.75 million, reflecting a growth of 26.51% year-on-year[30]. - The company is actively involved in research and development of new products and technologies in the fan manufacturing sector[150]. Corporate Governance and Structure - The company has established a sound corporate governance structure in compliance with relevant laws and regulations[64]. - The company has a total of 11 subsidiaries, with ownership stakes ranging from 51% to 100%[151]. - The company’s actual controller is Zhang Qizhong, highlighting the ownership structure[150]. Shareholder Information - The company distributed a cash dividend of 0.60 RMB per share (including tax), totaling 24,720,300 RMB, based on a total share capital of 412,005,000 shares[59]. - The total number of ordinary shareholders at the end of the reporting period was 20,725[95]. - The top shareholder, Zhang Qizhong, holds 76,500,000 shares, accounting for 18.57% of the total shares[95]. Future Outlook - The company plans to continue expanding its market presence and investing in new product development to sustain growth in the upcoming periods[119]. - The expected performance increase is attributed to the integration of new business operations and the sale of idle old factory buildings[57]. - The company aims to improve operational efficiency through strategic investments in new technologies and potential acquisitions[140]. Financial Reporting and Compliance - The half-year financial report was not audited[86]. - The financial statements were approved by the board of directors on July 28, 2016, ensuring compliance with regulatory requirements[150]. - The financial statements are prepared in accordance with the Chinese Accounting Standards, reflecting the company's financial position and operating results accurately[155]. Asset and Liability Management - Total liabilities increased to CNY 579,856,997.02 from CNY 463,799,454.69, marking an increase of around 25%[111]. - The company reported a significant increase in inventory, which rose to CNY 131,721,707.51 from CNY 127,918,276.05, a growth of approximately 3%[109]. - The total liabilities were reported at 217,578,000.00 CNY, indicating a manageable debt level relative to equity[138]. Accounting Policies - The company recognizes financial assets at fair value upon initial recognition, with subsequent measurement varying by asset category[173]. - The company employs a perpetual inventory system for tracking inventory levels[182]. - The company uses a straight-line depreciation method for fixed assets, with varying useful lives: buildings (20-40 years), machinery (5-15 years), and electronic equipment (3-12 years)[192].