SHINRY(SZ:300745)2018-08-14 16:00Financial Performance - Total revenue for the first half of 2018 reached ¥295,276,852.57, representing a 75.24% increase compared to ¥168,495,819.79 in the same period last year[16]. - Net profit attributable to shareholders was ¥43,760,089.67, up 41.98% from ¥30,821,181.39 year-on-year[16]. - Basic earnings per share increased by 33.33% to ¥0.48 from ¥0.36 in the previous year[16]. - The company achieved total operating revenue of ¥295,276,852.57, a year-on-year increase of 75.24%[35]. - The net profit attributable to shareholders reached ¥43,760,089.67, reflecting a growth of 41.98% compared to the previous year[35]. - The sales volume of the company's products reached 116,400 units, representing a 91.13% increase year-on-year[35]. - The gross profit margin for the overall business was 28.91%, a decrease of 13.49% compared to the previous year[40]. - The company's overall gross margin for the reporting period was 28.91%, a decrease of 13.49% compared to the same period last year, primarily due to raw material prices, product prices, and changes in product structure[62]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,480,867,529.69, a 31.94% increase from ¥1,122,388,593.40 at the end of the previous year[16]. - Total liabilities increased to CNY 439,901,896.71 from CNY 422,317,074.21, showing a rise of approximately 4%[118]. - Owner's equity totaled CNY 1,040,965,632.98, compared to CNY 700,071,519.19, representing an increase of around 48.7%[118]. - The total current assets reached RMB 1,343,319,633.30, up from RMB 982,584,537.49, marking a growth of around 37%[116]. - The company's inventory decreased to RMB 188,266,219.16 from RMB 210,951,861.53, showing a decline of about 10%[115]. Cash Flow - The net cash flow from operating activities was negative at -¥130,087,487.40, a decline of 244.74% compared to ¥89,878,782.56 in the same period last year[16]. - Cash and cash equivalents increased by 402.14% to ¥263,831,075.35, primarily due to fundraising activities[39]. - The net cash flow from investment activities was 77,298,383.64 yuan, compared to -46,759,830.13 yuan in the previous period, indicating a significant improvement[136]. - The total cash and cash equivalents at the end of the period reached 379,038,521.42 yuan, an increase from 83,991,776.33 yuan in the previous period[136]. - The cash flow from operating activities totaled 143,958,455.25 yuan, down 48.9% from 281,960,860.97 yuan in the prior period[135]. Research and Development - The company has a strong R&D team of 284 members, accounting for over 26% of the total workforce, and holds 15 invention patents and 112 utility model patents[28]. - The company has experienced a 100% increase in development expenditures, reflecting a focus on capitalizing R&D projects during the reporting period[27]. - The company's R&D investment increased by 24.45% to ¥30,755,794.43, aimed at enhancing product competitiveness[38]. - The company focuses on the research, production, and sales of onboard power supplies for new energy vehicles, including onboard DC/DC converters and chargers[154]. Market and Partnerships - The company maintains long-term stable partnerships with major domestic electric vehicle manufacturers, including BAIC New Energy and Geely, while also starting bulk supply for new clients[29]. - The company plans to expand its market presence by first focusing on domestic clients before entering international markets[35]. - The company has established strategic partnerships with suppliers to mitigate risks associated with raw material price fluctuations[63]. Corporate Governance and Compliance - The company has not distributed cash dividends or bonus shares for the half-year period and does not plan to increase capital through reserves[68]. - The company has no significant litigation or arbitration matters during the reporting period[73]. - The company is classified as a national high-tech enterprise and benefits from a 10% corporate income tax rate, along with VAT tax refund policies for its embedded software products[63]. - The company’s financial statements are prepared in accordance with the Chinese Accounting Standards, reflecting its financial position and operating results accurately[160]. Subsidiaries and Consolidation - The company has included three subsidiaries in its consolidated financial statements: Jiangsu Xinrui New Energy Technology Co., Ltd., Hangzhou Xinrui Technology Co., Ltd., and Shanghai Xinrui Electric Control Technology Co., Ltd.[155]. - The company has included three subsidiaries in the consolidated financial statements, all with a 100% ownership and voting rights, indicating full control[176]. Risks and Challenges - The company faced risks and has outlined corresponding measures in the report[4]. - The company is facing risks related to the fluctuation of raw material prices, particularly in semiconductor and capacitor components, due to global trade tensions[63].