GREE(SZ:000651)2017-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2017 was CNY 69.18 billion, an increase of 40.67% compared to CNY 49.18 billion in the same period last year[17]. - Net profit attributable to shareholders was CNY 9.45 billion, representing a growth of 47.64% from CNY 6.40 billion year-on-year[17]. - The net profit after deducting non-recurring gains and losses was CNY 9.00 billion, up 27.64% from CNY 7.05 billion in the previous year[17]. - The basic earnings per share increased to CNY 1.57, a rise of 48.11% compared to CNY 1.06 in the same period last year[17]. - The company achieved total revenue of 70.02 billion yuan, a year-on-year increase of 40%[29]. - The net profit attributable to shareholders reached 9.45 billion yuan, up 48% compared to the same period last year[29]. - The company's basic earnings per share increased to 1.57 yuan, reflecting a growth of 48% year-on-year[29]. - The total profit for the first half of 2017 was CNY 11.19 billion, up 44.5% from CNY 7.75 billion year-on-year[109]. - The company reported a comprehensive income total of CNY 9.47 billion, compared to CNY 6.46 billion in the same period last year, marking a 46.3% increase[110]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 204.58 billion, reflecting a 12.18% increase from CNY 182.37 billion at the end of the previous year[17]. - The total assets of the company were valued at 652,482.46 million CNY, with a total equity of 2,000,000 million CNY[67]. - The total assets of the company at the end of the reporting period were CNY 301,828 million, indicating a stable asset base[125]. - The total liabilities of the company amounted to CNY 154,393,847,593.54, up from CNY 137,599,988,601.15, indicating an increase of about 12.1%[107]. - The total current liabilities increased to RMB 92.73 billion from RMB 73.73 billion, representing a rise of about 25.83%[102]. Cash Flow - The company reported a significant decrease of 68.25% in net cash flow from operating activities, totaling CNY 3.64 billion compared to CNY 11.45 billion in the same period last year[17]. - The company's cash flow from operating activities decreased by 68.25% to 3.64 billion yuan, primarily due to increased cash payments related to operating activities[35]. - The net cash flow from operating activities for the first half of 2017 was CNY 3,637,139,726.23, a decrease of 68.2% compared to CNY 11,454,870,917.79 in the same period last year[116]. - Total cash inflow from operating activities amounted to CNY 56,493,920,077.68, while cash outflow was CNY 52,856,780,351.45, resulting in a net increase of CNY 5,213,508,594.03 in cash and cash equivalents[117]. Market Position and Strategy - The domestic central air conditioning market grew by 25%, with the company holding an 18.1% market share, ranking first for the sixth consecutive time since 2012[29]. - The company ranked first in user satisfaction among air conditioning brands with a score of 85, marking the sixth consecutive year at the top[30]. - The company plans to maintain its strategy of not distributing cash dividends or issuing bonus shares for the half-year period[55]. - The company plans to expand its market presence and invest in new product development to drive future growth[130]. - The company has initiated new strategies for market expansion and technological innovation to enhance competitiveness[130]. Investments and Financial Management - The company reported a derivative investment loss of 914.47 million yuan from futures hedging contracts during the reporting period[46]. - The company also recorded a derivative investment gain of 12,263.24 million yuan from forward foreign exchange contracts in the same period[46]. - The company has implemented risk control measures for derivative investments, including strict compliance with legal regulations and internal management systems[46]. - The company has established a management approach for futures hedging and foreign exchange trading to mitigate cost risks associated with raw material procurement[46]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 370,059[86]. - The largest shareholder, Zhuhai Gree Group, holds 18.22% of the shares, totaling 1,096,255,624 shares[86]. - The total number of shares outstanding is 6,015,730,878, with 5,970,602,379 being unrestricted shares[84]. - The chairman, Dong Mingzhu, increased her holdings by 170,000 shares during the reporting period[85]. Compliance and Governance - The financial report for the first half of 2017 was not audited[99]. - The company operates under the accounting standards issued by the Ministry of Finance, ensuring compliance with relevant regulations[135]. - Management believes there are no significant factors affecting the company's ability to continue as a going concern for the next 12 months[137].