LAT(SZ:000697)2015-08-14 16:00Financial Performance - The company reported a revenue of CNY 31,774,089.20, a decrease of 67.32% compared to the same period last year[28]. - The net profit attributable to shareholders was CNY 23,959,904.30, reflecting a slight increase of 1.70% year-on-year[28]. - The net profit after deducting non-recurring gains and losses was CNY 1,929,292.50, down 91.16% from the previous year[20]. - The operating profit was CNY 2,634,680.00, a decrease of 6.94% year-on-year[28]. - Revenue for the reporting period was $31,774,089.20, a decrease of 67.32% compared to the same period last year due to increased inventory from raw material procurement for the rhenium-molybdenum separation project[30]. - Operating costs were $13,738,223.53, down 69.70% year-over-year, reflecting the same reasons as revenue decline[30]. - The company reported a net cash inflow from operating activities of -$7,820,274.30, an improvement of 73.59% compared to the previous year[30]. - The total comprehensive income for the period was approximately 24,229,522.04 yuan, reflecting an increase compared to the previous period[138]. - The company reported a profit distribution of -11,193,583.02 yuan to shareholders, indicating a loss allocation for the period[139]. - The total comprehensive income for the period was approximately CNY 20.63 million, reflecting a decrease of 9.23% compared to the previous period[144]. - The net loss attributable to owners was approximately CNY 11.19 million, indicating a significant loss distribution to shareholders[144]. Cash Flow and Liquidity - The operating cash flow showed a significant improvement, with a net cash flow of CNY -7,820,274.30, an increase of 73.59% compared to the previous year[20]. - The net cash flow from operating activities was -7,820,274.30, an improvement from -29,614,650.30 in the previous period[131]. - The net cash flow from investing activities was 154,489,667.62, compared to -659,491,081.08 in the previous period, indicating a significant recovery[132]. - The net increase in cash and cash equivalents was $140,196,346.04, representing a 44.81% increase compared to the previous year[30]. - The total cash and cash equivalents at the end of the period amounted to 526,248,148.07, up from 298,370,569.82 in the previous period[132]. - Cash and cash equivalents at the end of the reporting period stood at 300 million RMB, providing a solid liquidity position for future investments[173]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,583,828,088.65, up 0.68% from the end of the previous year[20]. - Total current assets decreased to ¥926,345,770.74 from ¥1,031,120,299.87, a decline of about 10.2%[116]. - Total liabilities decreased to ¥145,739,505.99 from ¥148,037,771.21, a reduction of about 1.7%[117]. - The company's total equity rose to ¥1,438,088,582.66 from ¥1,425,052,643.64, indicating an increase of approximately 0.9%[118]. - The total liabilities at the end of the period were approximately 566,848,177.41 yuan, reflecting a stable financial position[140]. Investments and Projects - The company completed the construction and equipment installation for the molybdenum-rhenium separation project, with trial production scheduled for August 2015[31]. - The company has committed a total investment of 60,000,000 CNY in the aerospace engine project, with a cumulative investment of 35,704,900 CNY, achieving 59.51% of the planned investment progress[52]. - The total amount of raised funds is CNY 789.21 million, with CNY 104 million invested during the reporting period[50]. - Cumulative investment of raised funds amounts to CNY 379.85 million, leaving CNY 440.38 million unutilized[50]. - The company is collaborating with the Chinese Academy of Sciences to develop advanced engines for drones and administrative aircraft, aiming to create new growth points[37]. - The company aims to enhance its market position through strategic asset acquisitions and capital increases to support future growth[148]. Shareholder and Equity Information - The company reported a cash dividend of 0.20 CNY per share (including tax) based on a total of 559,680,049 shares, approved at the 2014 annual general meeting[60]. - The company has not made any adjustments to its cash dividend policy, ensuring compliance with regulations and protecting minority shareholders' rights[61]. - The company reported a total of 559,680,049 shares, with 54.42% being restricted shares prior to the changes[98]. - The largest shareholder, Zhang Zheng, holds 24.76% of the shares, totaling 138,553,701 shares, with 128,380,000 being restricted[101]. - The company has 22,028 shareholders at the end of the reporting period[100]. Regulatory and Compliance - The company has not faced any penalties or rectification issues during the reporting period[92]. - There are no risks of delisting due to legal violations during the reporting period[93]. - The financial report for the half-year period was not audited[113]. - The company confirms that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months[155]. - The financial statements are prepared in accordance with the relevant accounting standards and accurately reflect the company's financial position as of June 30, 2015[157]. Accounting Policies - The company adheres to the accrual basis of accounting, with historical cost as the measurement basis for most financial statements[154]. - The company has specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition tailored to its operational characteristics[156]. - Financial assets are classified into categories including those measured at fair value through profit or loss, held-to-maturity investments, loans and receivables, and available-for-sale financial assets[180]. - The company recognizes investment income based on the cash dividends or profits declared by the investee, reducing the book value of the long-term equity investment accordingly[200].