航发控制(000738) - 2016 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2016 was ¥1,215,620,963.87, representing a 1.72% increase compared to ¥1,195,050,855.25 in the same period last year[20]. - The net profit attributable to shareholders was ¥112,987,965.91, which is a 17.33% increase from ¥96,302,400.02 year-on-year[20]. - The net profit after deducting non-recurring gains and losses was ¥105,335,078.38, up 14.19% from ¥92,243,428.51 in the previous year[20]. - The basic earnings per share increased to ¥0.0986, a rise of 17.24% compared to ¥0.0841 in the same period last year[20]. - The total profit reached 13,373,000 yuan, reflecting an 18.37% year-on-year growth, while net profit was 11,383,000 yuan, up 17.17% year-on-year[29]. - The company reported a net cash flow from operating activities of -12,835,000 yuan, a decrease of 12,595,000 yuan year-on-year[30]. - The company reported a significant increase in accounts payable, which rose to CNY 662,528,443.07 from CNY 653,294,594.45, an increase of about 1.9%[118]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,899,592,467.01, a decrease of 0.70% from ¥6,948,471,747.20 at the end of the previous year[20]. - The net assets attributable to shareholders increased to ¥4,838,482,001.33, reflecting a 1.97% growth from ¥4,744,882,881.60 at the end of the previous year[20]. - The total liabilities decreased to CNY 1,783,804,333.82 from CNY 1,926,472,922.08, a reduction of about 7.4%[118]. - Current liabilities totaled CNY 1,731,104,519.51, up from CNY 1,601,370,700.64, indicating an increase of approximately 8.1%[118]. Cash Flow - The net cash flow from operating activities was negative at -¥128,347,171.55, compared to -¥2,400,120.42 in the same period last year[20]. - Cash flow from investment activities was 5,825,000 yuan, down 5,324,000 yuan compared to the previous year[30]. - The total cash inflow from investment activities was 169,441,681.64 CNY, down from 320,941,564.86 CNY in the previous period, reflecting a decrease of approximately 47%[134]. - The net cash flow from financing activities was -141,678,129.84 CNY, a stark contrast to the positive 11,713,859.50 CNY recorded in the previous period, showing a shift in financing dynamics[134]. Investments and Projects - The company has not engaged in any external investments, securities investments, or derivative investments during the reporting period[40][42][45]. - The project for the automotive automatic transmission execution mechanism has a cumulative investment progress of 56.00%[52]. - The natural gas refueling integrated control system expansion project has a cumulative investment progress of 77.48%[52]. - The company has pre-invested a total of 26.6489 million CNY in two projects: 11.1799 million CNY for the automatic transmission actuator production line and 15.4690 million CNY for the CVT drive and control system production project[53]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 102,379[103]. - The largest shareholder, Xi'an Aero Engine Control Co., Ltd., holds 23.34% of shares, totaling 267,438,629 shares[104]. - The company did not experience any changes in its controlling shareholder during the reporting period[105]. - No share repurchase agreements were executed by the top shareholders during the reporting period[106]. Governance and Compliance - The company’s governance practices align with the requirements of the Company Law and relevant regulations[67]. - The cash dividend policy complies with the company’s articles of association and shareholder resolutions[63]. - The company has not encountered any major changes in the feasibility of the projects after adjustments were made due to market and customer demand changes[55]. - The company’s half-year financial report was not audited[93][94]. Accounting Policies - The financial statements are prepared in accordance with the relevant accounting standards and regulations, ensuring compliance and accuracy[164]. - The company uses the allowance method to account for bad debt losses, with management's judgment affecting the recognition of accounts receivable impairment[167]. - Inventory is measured at the lower of cost and net realizable value, with provisions for inventory write-downs based on management's assessment of marketability and realizable value[167]. - The company assesses impairment of non-financial non-current assets, including intangible assets, based on future cash flow projections and appropriate discount rates[169].