TSP(SZ:300129)2018-08-27 16:00Financial Performance - Total revenue for the first half of 2018 was CNY 441,831,486.01, a decrease of 38.34% compared to CNY 716,509,833.32 in the same period last year[16]. - Net profit attributable to shareholders was CNY 11,847,680.90, down 89.06% from CNY 108,322,034.27 year-on-year[16]. - Net profit after deducting non-recurring gains and losses was CNY 3,184,380.41, a decline of 96.35% compared to CNY 87,252,037.56 in the previous year[16]. - Basic earnings per share decreased to CNY 0.02, down 86.67% from CNY 0.15 in the previous year[16]. - The company's total operating revenue for the reporting period was CNY 441.83 million, a decrease of 38.34% compared to the same period last year[46]. - The net profit attributable to the parent company was CNY 11.85 million, down 89.06% year-on-year[46]. - The company reported a net loss of 57,532,260.48 yuan for the period, compared to a profit in the previous year, highlighting a substantial shift in financial performance[172]. - The total comprehensive income for the period decreased by 2,386,716.40 yuan, reflecting a significant decline compared to the previous period[171]. Cash Flow and Assets - Operating cash flow for the period was CNY 93,896,840.71, a significant increase of 349.49% from -CNY 37,636,188.75 in the same period last year[16]. - The company's cash and cash equivalents increased to ¥406,271,385.40 from ¥326,840,641.58, representing a growth of approximately 24.3%[147]. - Total current assets amounted to ¥2,202,229,108.71, up from ¥2,126,856,331.86, reflecting a growth of about 3.5%[148]. - Total assets at the end of the reporting period were CNY 3,303,495,135.38, an increase of 2.67% from CNY 3,217,674,304.31 at the end of the previous year[16]. - The total amount of raised funds is CNY 106,782.31 million, with CNY 3,301.56 million invested during the reporting period[67]. Revenue Breakdown - Revenue from wind power equipment sales reached 373.46 million, accounting for 84.52% of total revenue, representing a decrease of 45.19% year-on-year[24]. - Revenue from marine engineering equipment increased to 60.64 million, making up 13.73% of total revenue, with a year-on-year growth of 137.98%[24]. - The national wind power generation volume for the first half of 2018 was 191.7 billion kWh, reflecting a year-on-year growth of 28.7%[26]. Investments and Projects - The company invested CNY 165.16 million in the "Heavy Equipment Industry Collaborative Technological Transformation Project," achieving a progress rate of 96.10%[47]. - The company established two new subsidiaries for wind farm development and operation, namely 泰胜风能（北京）科技发展有限公司 and 广东泰胜风电有限公司, to expand its business operations[49]. - The company plans to invest RMB 20.1 million in establishing a holding subsidiary in Hulunbuir, Inner Mongolia, for a 2MW-5MW wind turbine heavy tower production project[71]. Risks and Challenges - The company faces risks including significant fluctuations in raw material prices and project delays[4]. - The company is closely monitoring policy changes regarding land-based wind power projects in Zhejiang and is prepared to expedite the approval process for the 玉环 project once regulations are lifted[49]. - The company is facing delays in revenue generation from its Hohhot subsidiary due to local wind power consumption issues, but remains optimistic about project feasibility due to government support[70]. Management and Governance - The company appointed four new deputy general managers on May 3, 2018, indicating a strategic shift in management[140]. - The company has implemented an employee stock ownership plan, with the first phase completed on January 18, 2016[104]. - The company has not engaged in any significant related party transactions during the reporting period[105]. Compliance and Legal Matters - The company is involved in a lawsuit with Jiangsu Great Crane Machinery Co., Ltd. for a claim of 7,599,720 CNY due to breach of contract, with no impact on the current period's performance[100]. - The company has ensured compliance with relevant regulations regarding the use and disclosure of raised funds, with no irregularities found during the reporting period[73]. Market Outlook - The company anticipates that the wind power market will continue to grow, with significant developments in offshore wind power projects across various provinces[31]. - Global wind power installations are projected to exceed 840 GW by 2022, indicating a robust growth trajectory for the industry[33].