CRUN(SZ:002272)2015-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2015 was CNY 376,140,808.30, a decrease of 7.33% compared to CNY 405,877,361.99 in the same period last year[17]. - The net profit attributable to shareholders was CNY 4,758,797.87, down 7.32% from CNY 5,134,867.82 year-on-year[17]. - The company reported a significant increase in net profit excluding non-recurring gains and losses, which rose by 74.46% to CNY 1,893,392.96 compared to CNY 1,085,283.30 in the previous year[17]. - The company achieved operating revenue of ¥376,140,808.30, a year-on-year decrease of 7.33%[27]. - The net profit for the period was ¥4,758,797.87, reflecting a year-on-year decline of 7.32%[27]. - Operating profit for the current period is CNY 1,336,847.85, significantly up from CNY 307,155.90 in the previous period, marking an increase of 335.5%[84]. - The company reported a total comprehensive income of CNY 4,758,784.00 for the current period, compared to CNY 5,134,867.82 in the previous period[85]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,834,818,073.24, reflecting a decrease of 2.73% from CNY 1,886,411,087.90 at the end of the previous year[17]. - Total liabilities decreased from CNY 665,460,023.02 to CNY 609,108,224.36, a decrease of approximately 8.5%[77]. - The total current assets decreased from CNY 1,202,585,894.96 to CNY 1,165,331,457.67, a decline of approximately 3.1%[75]. - The company’s total assets decreased from CNY 1,886,411,087.90 to CNY 1,834,818,073.24, a decline of approximately 2.7%[76]. - The company’s short-term borrowings decreased significantly from CNY 137,500,000.00 to CNY 65,000,000.00, a reduction of about 52.8%[76]. Cash Flow - The cash flow from operating activities improved, with a net cash flow of CNY -26,965,262.78, an improvement of 40.88% compared to CNY -45,610,686.65 in the previous year[17]. - Cash flow from operating activities was -¥26,965,262.78, an improvement of 40.88% from -¥45,610,686.65 in the previous period[26]. - The net cash flow from operating activities was -26,965,262.78 CNY, an improvement from -45,610,686.65 CNY in the previous period[91]. - Total cash inflow from operating activities was 238,153,982.25 CNY, while cash outflow was 265,119,245.03 CNY, resulting in a net cash flow deficit[91]. - The company’s cash flow from operating activities showed a significant improvement, with a net cash flow of 95,790,260.19 CNY compared to -27,168,321.40 CNY previously[94]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,105, with a total share capital of 419,700,000 shares[60]. - Major shareholders included Luo Lihua with 21.01% (66,132,262 shares) and Zhong Ligang with 6.80% (21,390,000 shares), both of whom are subject to share pledges[61]. - The company did not distribute cash dividends or bonus shares during this reporting period[5]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[40]. Research and Development - Research and development expenses amounted to ¥6,767,115.75, down 14.11% compared to the previous period[26]. - The company maintained stable growth in wind power product orders and strengthened new product technology development in the environmental sector[27]. Corporate Governance and Compliance - The company has maintained compliance with corporate governance regulations and has not faced any penalties or corrective actions[54]. - The company has not experienced any major litigation or arbitration matters during the reporting period[45]. - The company has not implemented any stock incentive plans during the reporting period[49]. Asset Restructuring - The company is undergoing a major asset restructuring, with its stock suspended since April 20, 2015, and will continue to be suspended until further notice[24]. - The company announced a major asset restructuring, resulting in the suspension of its stock trading since April 20, 2015, and continuing from July 1, 2015[55]. - The company has been actively disclosing progress on its major asset restructuring through various announcements during the suspension period[55]. Financial Reporting and Accounting Policies - The financial statements have been approved by the company's board of directors on August 25, 2015[115]. - The financial statements are prepared based on the going concern principle and comply with the relevant accounting standards[120]. - The company confirms its ability to continue as a going concern for the next 12 months[118]. - The company follows specific accounting policies for revenue recognition and bad debt provisions[119]. Inventory and Receivables - The company reported a significant increase in accounts receivable, with major receivables exceeding 1 million yuan and other receivables over 500,000 yuan being assessed for impairment[166]. - Inventory is primarily classified into raw materials, work in progress, finished goods, and low-value consumables, with acquisition costs recorded at actual cost[170].