HTC(SZ:200771)2014-08-17 16:00Financial Performance - The company's operating revenue for the first half of 2014 was ¥1,743,362,642.27, a decrease of 13.68% compared to the same period last year[21]. - The net profit attributable to shareholders was ¥196,174,851.01, down 15.78% year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥181,414,092.36, reflecting a decline of 17.55% compared to the previous year[21]. - Total profit amounted to ¥26,737,600, reflecting a year-on-year decline of 20.53%[32]. - Net profit was ¥22,770,210, down 21.15% compared to the previous year[32]. - Basic and diluted earnings per share were both ¥0.26, down 16.13% from the previous year[21]. - The weighted average return on equity decreased to 4.53%, down 1.31 percentage points year-on-year[21]. - The gross profit margin for the company was 38.37%, which represents an increase of 5.24% year-on-year[41]. - The company reported a total comprehensive income of CNY 228,453,434.91, a decrease of 20.9% compared to CNY 288,780,620.92 in the prior period[100]. Cash Flow and Assets - The net cash flow from operating activities increased by 6.63% to ¥119,786,983.72[21]. - The company's total assets at the end of the reporting period were ¥7,760,453,482.73, representing a 1.50% increase from the end of the previous year[21]. - Current assets rose to CNY 6,126,178,959.09, up from CNY 6,014,392,719.46, indicating an increase of about 1.86%[95]. - The company's cash and cash equivalents decreased to CNY 771,330,801.56 from CNY 883,141,568.17, a decline of about 12.63%[95]. - Total cash inflow from investment activities was 529,852,809.48 yuan, while cash outflow was 423,752,130.39 yuan, resulting in a net cash flow of 106,100,679.09 yuan[104]. - The total cash and cash equivalents at the end of the period amounted to 423,425,045.57 yuan, an increase from 378,882,861.62 yuan at the end of the previous period[104]. Investments and R&D - The company's R&D investment decreased by 6.68% to ¥80,416,519.61[35]. - The company applied for 12 patents and was granted 5 utility model patents during the reporting period[37]. - The company achieved service revenue of over ¥40 million from operational gas turbines during the reporting period[38]. - Investment income for the period was CNY 33,668,236.76, down 48.0% from CNY 64,696,068.76 in the previous period[100]. Liabilities and Equity - Total liabilities rose to CNY 3,151,211,234.77 from CNY 3,034,028,737.69, marking an increase of about 3.87%[96]. - The company's equity attributable to shareholders increased to CNY 4,276,885,828.98 from CNY 4,230,942,110.74, reflecting a growth of approximately 1.08%[96]. - The total equity at the end of the current period increased to CNY 4,611,620,068.74, showing growth[108]. - The retained earnings increased by CNY 287,081,740.44 during the current period[108]. Governance and Compliance - The company did not distribute cash dividends or bonus shares for the reporting period[6]. - The company’s governance practices were in compliance with the Company Law and relevant regulations[60]. - The cash dividend policy was found to be clear and compliant with the company’s articles of association[56]. - The financial report for the half-year period is unaudited[73]. Accounts Receivable - The total accounts receivable balance at the end of the period is CNY 2,646,338,724.88, with a bad debt provision of CNY 512,207,974.55, representing 19.36% of the total[194]. - The aging analysis shows that 50.72% of accounts receivable (CNY 1,342,118,551.21) is within one year, with a bad debt provision of CNY 67,244,077.57[194]. - The total bad debt provision increased from CNY 490,093,213.04 at the beginning of the period to CNY 545,228,454.74 at the end, reflecting a rise of approximately 11.3%[194]. - The top five accounts receivable customers account for 47.94% of the total accounts receivable, with the largest customer contributing CNY 734,306,431.32, which is 27.41% of the total[200].