SENSSUN(SZ:002870)2018-08-22 16:00Financial Performance - The company's revenue for the current period is ¥434,468,123.38, representing a 1.04% increase compared to ¥430,013,110.06 in the same period last year[19]. - Net profit attributable to shareholders decreased by 66.19% to ¥13,703,044.72 from ¥40,525,566.27 year-over-year[19]. - The net profit after deducting non-recurring gains and losses fell by 87.50% to ¥4,953,676.26 from ¥39,620,249.69 in the previous year[19]. - The net cash flow from operating activities increased significantly by 167.75% to ¥26,630,595.56 compared to ¥9,946,195.83 in the same period last year[19]. - Total assets at the end of the reporting period reached ¥1,398,086,799.27, a 42.81% increase from ¥978,966,975.37 at the end of the previous year[19]. - The company's goodwill increased by CNY 184 million, representing a 100% growth, primarily due to the acquisition of 51% equity in Baosheng Automation[33]. - The company achieved operating revenue of CNY 434,468,123.38, with a net profit attributable to shareholders of CNY 13,703,044.72, reflecting a year-on-year decrease of 66.19%[44]. - The company's investment income was ¥9,315,821.04, contributing 53.22% to total profit, primarily from financial product returns[55]. - The company reported a significant increase in cash flow from operating activities, which rose by 167.75% to ¥26,630,595.56[49]. - The company’s comprehensive income totaled CNY 17,377,709.67, down from CNY 40,510,934.74 in the previous year, reflecting a decrease of approximately 57.1%[151]. Strategic Initiatives - The company acquired 51% equity of Baosheng Automation through cash payment, enhancing its market position in automation technology[18]. - The company continues to focus on product development and technological innovation to enhance its competitive edge in the market[4]. - The report outlines the company's strategic direction and future project plans based on market conditions[4]. - The company plans to invest in new projects for household scales and health smart measurement products, as well as high-end commercial electronic scales, with an expected annual increase in fixed asset depreciation costs of over 2,400 million yuan after project completion[78]. - The company aims to strengthen its global market presence, focusing on emerging markets and second- and third-tier cities in China[45]. - The company plans to expand its e-commerce efforts, particularly in cross-border channels, to enhance market share and brand influence[45]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[166]. Operational Performance - The report includes a comprehensive analysis of the company's operational performance and market conditions during the reporting period[4]. - The company has established a complete R&D system for weighing products, including market research and product innovation[27]. - The sales model includes direct sales, agency sales, and e-commerce, catering to both domestic and international markets[31]. - The company has a strong patent portfolio with 64 authorized patents and 87 pending applications, enhancing its competitive edge in technology[40]. - The company has built a global sales network, exporting products to over 80 countries and regions, maintaining the top position in export revenue for household scales in the domestic industry from 2006 to 2017[37]. - The company has a stable core technical team of approximately 200 R&D personnel, contributing to its innovation and development capabilities[41]. Financial Management - The financial report ensures the accuracy and completeness of the financial data presented, with the responsible parties affirming its authenticity[3]. - The company has maintained its contact information and disclosure practices consistent with previous reports, ensuring transparency[16]. - The company has not disclosed specific performance commitments to investors, highlighting the difference between operational plans and performance promises[4]. - The company is implementing measures to mitigate risks from raw material price fluctuations and rising labor costs through supplier management and automation improvements[77]. - The company is committed to enhancing its management capabilities to address the complexities arising from its expansion and cultural differences within its workforce[79]. - The company will conduct annual impairment tests on goodwill related to the acquisition of Baosheng Automation to assess potential risks from economic fluctuations and operational performance[79]. Market Risks - The company emphasizes the potential risks associated with its future business plans, urging investors to maintain awareness of these uncertainties[4]. - The company faces significant market risks, with over 60% of its main business revenue coming from exports, making it vulnerable to international market fluctuations[75]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,113[125]. - The largest shareholder, Zhao Yukun, holds 33,200,000 shares, representing 29.88% of the total shares[126]. - The total number of restricted shares at the end of the period was 40,115,975, with 9,684,025 shares released during the reporting period[122]. - The total number of shares held by the top ten unrestricted shareholders was consistent, with no new strategic investors introduced[126]. Compliance and Governance - The company reported no major litigation or arbitration matters during the reporting period[88]. - The company has not engaged in any related party transactions during the reporting period[92]. - The company has not conducted any asset or equity acquisitions or sales during the reporting period[93]. - The company has no significant guarantees or external guarantees during the reporting period[102]. - The half-year financial report has not been audited[86]. - The company has not implemented any employee stock ownership plans or incentive measures during the reporting period[91]. - The company has not experienced any penalties or rectification situations during the reporting period[90]. - The company has not reported any media controversies during the reporting period[89]. - The company has not undergone any bankruptcy reorganization during the reporting period[87]. Asset Management - Cash and cash equivalents decreased by 12.46% to ¥92,899,130.12, accounting for 6.64% of total assets, primarily due to idle funds being invested in guaranteed financial products[58]. - Accounts receivable increased by 7.40% to ¥186,928,140.20, representing 13.37% of total assets, mainly due to the acquisition of Baosheng Automation[58]. - Inventory rose by 1.81% to ¥218,801,934.60, making up 15.65% of total assets, also attributed to the acquisition of Baosheng Automation[58]. - Fixed assets increased by 5.72% to ¥190,005,890.90, which is 13.59% of total assets, due to the completion of fundraising project construction and the addition of production equipment[58]. - Short-term borrowings surged to ¥132,407,162.70, representing 9.47% of total assets, primarily due to increased bank loans[58]. Investment and Financing - Total funds raised amounted to ¥48,670.55 million, with ¥2,877.1 million invested during the reporting period and a cumulative investment of ¥17,515.68 million[63]. - The company has invested ¥32,050.00 million in financial products from the raised funds, with a net interest income of ¥1,297.20 million[63]. - The net cash flow from investing activities was -¥68,101,385.07, an improvement from -¥381,286,465.50 in the previous period, showing reduced investment losses[159]. - The net cash flow from financing activities was ¥59,773,349.05, down from ¥402,029,581.20, reflecting a reduction in financing activities[159]. Accounting and Reporting - The company adheres to the accounting standards set by the Ministry of Finance, ensuring accurate financial reporting[178]. - The company recognizes goodwill in business combinations when the purchase price exceeds the fair value of identifiable net assets acquired[186]. - The company assesses financial assets for impairment at the balance sheet date, determining losses based on the difference between the asset's carrying amount and the present value of expected future cash flows[195]. - The company categorizes financial assets into four types: financial assets measured at fair value with changes recognized in profit or loss, held-to-maturity investments, receivables, and available-for-sale financial assets[193].