SHREG(SZ:000803)2014-08-08 16:00Financial Performance - The company's operating revenue for the first half of 2014 was ¥70,774,967.08, representing a 2.53% increase compared to ¥69,026,425.57 in the same period last year[21]. - The net profit attributable to shareholders was ¥1,516,954.49, a significant recovery from a loss of ¥13,651,510.90 in the previous year, marking a 111.11% improvement[21]. - The basic earnings per share improved to ¥0.01 from a loss of ¥0.11, indicating a 109.09% increase[21]. - The weighted average return on net assets was 1.02%, a significant recovery from -9.94% in the previous year[21]. - The company achieved operating revenue of 70.77 million yuan, a 2.53% increase compared to 69.03 million yuan in the same period last year[31]. - Main business revenue reached 70.61 million yuan, up 5.35% from 67.02 million yuan year-on-year[31]. - Net profit attributable to the parent company was 1.52 million yuan, a turnaround from a net loss of 13.65 million yuan in the same period last year[30]. - Operating profit improved significantly to $2,683,152.13 from a loss of $13,524,732.98 in the previous period[113]. - Net profit for the current period is $1,518,374.80, compared to a net loss of $13,695,414.16 in the previous period, marking a substantial turnaround[113]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥55,179,688.45, a decline of 540.76% from ¥12,519,087.97 in the same period last year[21]. - The company’s cash and cash equivalents increased by 94% compared to the same period last year[32]. - Cash flow from operating activities shows a net outflow of $55,179,688.45, a decline from a net inflow of $12,519,087.97 in the previous period[120]. - The ending cash and cash equivalents balance is $31,109,627.80, up from $28,222,067.84 in the previous period[120]. - The company experienced a net decrease in cash and cash equivalents of -6,021,486.24 CNY during the period[124]. Assets and Liabilities - The total assets at the end of the reporting period were ¥502,549,469.00, reflecting a 2.39% increase from ¥490,820,328.06 at the end of the previous year[21]. - Total current assets increased to CNY 439,494,407.37 from CNY 428,939,515.18, representing a growth of approximately 1.3%[105]. - Total liabilities increased to CNY 353,520,823.10 from CNY 343,310,056.96, which is an increase of about 3.5%[107]. - The company's total assets reached CNY 502,549,469.00, up from CNY 490,820,328.06, indicating a growth of approximately 2.4%[107]. - The total amount of external guarantees approved during the reporting period was CNY 11,000 million, with actual guarantees amounting to CNY 11,000 million[79]. Investments and Projects - The company invested 4.5 million yuan in external equity investments during the reporting period, compared to no investments in the previous year[38]. - The company is actively advancing the development of the "Shengshi Tiancheng" real estate project, which has shown good sales progress[33]. - The company plans to build a modern factory for silk production to adapt to the market's shift towards high-end products[37]. - The company provided a loan of 500 million with an interest rate of 0.58% to Sichuan Meiya Silk Co., Ltd. for supplementing working capital[44]. - The company acquired a 30-acre land use right for the Meiya Silk Park project, with a transaction price of 240,000 CNY[62]. Corporate Governance and Compliance - The company maintained compliance with corporate governance regulations and ensured the protection of shareholder rights[57]. - The company has not experienced any major litigation or arbitration matters during the reporting period[58]. - There were no violations or penalties reported during the reporting period[84]. - The company did not engage in any corporate mergers during the reporting period[65]. - The company has not reported any new product developments or technological advancements in this period[134]. Shareholder Information - The total number of shares outstanding is 127,730,893, with 29.33% being restricted shares and 70.67% being unrestricted shares[90]. - The total number of common shareholders at the end of the reporting period was 8,307[93]. - Chengdu Jinyu Group Holdings Co., Ltd. holds 23.51% of shares, totaling 30,026,000 shares[93]. - The company did not experience any changes in its controlling shareholder during the reporting period[95]. - The company’s major shareholder did not propose or implement any share buyback plans during the reporting period[88]. Accounting Policies - The financial statements are presented in Renminbi (RMB) yuan[104]. - The company continues to adhere to the accounting standards set forth by the Ministry of Finance since January 1, 2007[135]. - The company recognizes estimated liabilities when there is a present obligation likely to result in an outflow of economic benefits, and the amount can be reliably measured[191]. - The company recognizes impairment losses for long-term equity investments when the carrying amount exceeds the recoverable amount, with losses not reversible in future periods[164]. - The company uses a weighted average method to calculate capitalized interest for general borrowings based on asset expenditure exceeding specialized borrowings[179].