SJI(SZ:000975)2018-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2018 was CNY 2,095,835,620.98, representing a 158.71% increase compared to CNY 810,100,739.21 in the same period last year[17]. - The net profit attributable to shareholders of the listed company reached CNY 272,680,627.96, up 157.42% from CNY 105,929,377.59 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 260,575,011.41, reflecting a 172.52% increase from CNY 95,617,746.51 in the same period last year[17]. - The basic earnings per share increased to CNY 0.1375, a 109.60% rise compared to CNY 0.0656 in the previous year[17]. - The total operating revenue for the first half of 2018 reached CNY 2,095,835,620.98, a significant increase from CNY 810,100,739.21 in the same period of 2017, representing a growth of approximately 158.5%[147]. - Net profit for the first half of 2018 was CNY 304,203,884.12, compared to CNY 151,795,329.40 in the previous year, reflecting a growth of approximately 100.3%[147]. - The total comprehensive income for the first half of 2018 was CNY 304,633,768.72, up from CNY 152,264,624.02 in the previous year, representing a growth of 100.5%[148]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 10,746,608,586.57, a decrease of 5.12% from CNY 11,325,991,472.36 at the end of the previous year[17]. - The total liabilities as of the end of the reporting period were CNY 1,412,643,701.53, compared to CNY 1,360,664,827.36 at the beginning of the year, showing an increase of about 3.8%[140]. - The company's equity attributable to shareholders reached CNY 8,156,445,761.29, up from CNY 5,030,569,634.07, representing a growth of about 62.5%[140]. - The total current liabilities increased to RMB 55,000,000.00 from RMB 30,000,000.00, reflecting a growth of approximately 83%[138]. - The total owner's equity at the end of the period was approximately 1,983,373,047 RMB[170]. - The total liabilities of the company were reported at 5,101.7 million yuan, indicating a manageable debt level relative to its assets[166]. Cash Flow - The net cash flow from operating activities was CNY 348,478,300.15, showing a decrease of 6.70% compared to CNY 373,517,174.31 in the same period last year[17]. - The cash inflow from investment activities totaled CNY 4,390,061,351.14, significantly higher than CNY 1,760,786,511.07 in the same period last year, marking an increase of 149.5%[155]. - The company reported a total cash outflow from financing activities of 310,202,096.18 yuan, with a net cash flow of -285,202,096.18 yuan, indicating a significant outflow in financing[159]. - The company had a net increase in cash and cash equivalents of 100,412,558.03 yuan, contrasting with a decrease of -59,589,309.98 yuan in the prior period[160]. Investments and Acquisitions - The company completed the acquisition of 89.38% of Shanghai Shengwei, which became a wholly-owned subsidiary, as part of a business expansion strategy[18]. - The company reported a total investment of 77,634 million with a 100% ownership stake in the acquisition of mining assets[63]. - The company completed a significant acquisition, purchasing 89.38% of Shanghai Shengwei, with a transfer price of 403.1 million CNY and an assessed value of 404.503 million CNY[95]. - Shanghai Shengwei achieved a revenue of 73.04451 million CNY and a net profit of 23.50307 million CNY during the reporting period, indicating strong operational performance post-acquisition[96]. Operational Highlights - The company operates four mining enterprises, with the Yulong Mining being a lead-zinc-silver polymetallic mine, while the other three are gold mines, with production expected to resume at Qinghai Dachaidan in the first half of 2019[26]. - The company has increased investments in exploration projects, particularly in Qinghai Dachaidan and Jilin Banmiaozi, to enhance resource reserves and production capacity[31]. - The company’s main products include gold, silver-lead concentrate, and zinc concentrate, primarily sold to trading companies and smelting enterprises[27]. - The company’s trading subsidiary, Yintai Shenghong, provides risk management and trade financing services, enhancing its operational capabilities[26]. Risk Management - The company has established a comprehensive risk management system for its derivative investment business, which helps mitigate operational risks associated with price fluctuations[69]. - The company faces risks related to industry cyclicality, metal price volatility, and safety production, which it aims to address through improved management practices[77][78][79]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,923[122]. - Major shareholder Wang Shui held 242,831,756 shares, representing 15.74% of total shares, with a significant increase of 94,318,157 shares during the period[117]. - The company issued 335,078,964 new shares for asset acquisition on January 26, 2018, and an additional 566,678,013 shares were issued as a capital reserve distribution on June 1, 2018[114]. Compliance and Governance - The half-year financial report has not been audited[87]. - The company has not faced any penalties or rectification situations during the reporting period[91]. - The actual controller and major shareholder, China Yintai, and the actual controller, Mr. Shen Guojun, have a good integrity status[92]. - The company adheres to the accounting standards set by the Ministry of Finance and the relevant disclosure requirements[178].