Yongfu(SZ:300712)2018-08-22 16:00Financial Performance - Total revenue for the reporting period reached ¥298,932,107.81, an increase of 13.07% compared to ¥264,370,236.60 in the same period last year[19]. - Net profit attributable to shareholders was ¥38,252,321.83, reflecting a 2.44% increase from ¥37,340,197.40 year-on-year[19]. - Net profit after deducting non-recurring gains and losses was ¥37,959,869.34, up 8.69% from ¥34,924,357.60 in the previous year[19]. - Basic earnings per share decreased by 23.16% to ¥0.2731 from ¥0.3554 year-on-year[19]. - Operating profit for the same period was CNY 45.62 million, reflecting a growth of 5.64% compared to the previous year[46]. - The company reported a total profit of CNY 45,712,498.38, an increase of 6.0% compared to CNY 43,423,473.75 in the same period of 2017[159]. Cash Flow - The net cash flow from operating activities was -¥103,408,709.55, a significant decline of 338.81% compared to ¥43,300,866.67 in the same period last year[19]. - The company achieved a cash inflow from operating activities of CNY 161,215,551.03, compared to CNY 250,475,571.02 in the previous year[166]. - The total cash inflow from investment activities amounted to ¥440,424,732.88, primarily driven by cash recovered from investments of ¥435,000,000.00[168]. - Cash inflow from financing activities totaled ¥115,000,000.00, with cash outflow for debt repayment at ¥109,410,000.00, resulting in a net cash flow of -¥11,128,976.90[168]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,284,162,749.56, a 6.81% increase from ¥1,202,239,854.29 at the end of the previous year[19]. - Total liabilities amounted to CNY 389,520,011.46, compared to CNY 331,841,438.02, reflecting a growth of approximately 17.4%[151]. - The company’s total liabilities decreased by 9.28% year-on-year, with short-term borrowings at CNY 140,000,000.00[60]. - The company reported a total of CNY 9,300,000.00 in available-for-sale financial assets, which is 0.72% of total assets, an increase from 0.67% year-on-year, due to new investments in technology companies[61]. Shareholder Information - The total number of shares is 140,080,000, with 75% being limited shares and 25% being unrestricted shares[131]. - The largest shareholder, Fuzhou Bohong Investment Management Co., Ltd., held 29.98% of shares, totaling 41,995,950 shares[134]. - The total number of ordinary shareholders at the end of the reporting period was 19,434[134]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[4]. - The report includes a discussion on the company's operational risks and corresponding mitigation strategies[4]. - The company faces risks related to the power industry policies, which depend on national economic conditions and investment scales[86]. - The company plans to focus on developing smart distribution networks, clean energy, and new energy generation businesses to mitigate risks[86]. Corporate Governance - The financial report is guaranteed to be true, accurate, and complete by the company's board and management[3]. - All board members attended the meeting to review the report, ensuring collective responsibility[4]. - The financial statements were approved by the board of directors on August 22, 2018, ensuring compliance and accuracy in reporting[187]. Research and Development - The company has developed 83 proprietary or cooperative patented technologies, with 13 patents obtained in the first half of 2018[37]. - The company is enhancing its R&D capabilities by establishing a digital technology R&D department to focus on digital design and lifecycle management[50]. - The company aims to become a technology leader in smart distribution networks within Fujian Province, enhancing R&D in new materials and technologies[31]. Market Expansion - The company has expanded its market presence across over 20 provinces in China and several countries in Southeast Asia, Africa, and the Middle East[26]. - The company is focused on expanding its engineering and consulting services in the clean energy sector[10]. - The company is actively involved in offshore wind power technology research, having won multiple bids for significant offshore wind projects[38]. Compliance and Reporting - The report outlines the company's commitment to maintaining compliance with the relevant financial reporting standards[9]. - The company prepares financial statements based on the going concern principle, adhering to the accounting standards issued by the Ministry of Finance and relevant regulations[190]. - The financial report for the first half of 2018 was not audited[147]. Community Engagement - In the first half of 2018, the company donated CNY 100,000 worth of books to a primary school as part of its educational poverty alleviation efforts[124]. - The company plans to continue supporting poverty alleviation through initiatives like village-enterprise pairing and educational support[126].