CREAT(SZ:002350)2018-08-17 16:00Financial Performance - The company's operating revenue for the current period reached ¥1,119,186,206.89, representing a 25.88% increase compared to ¥889,062,953.39 in the same period last year[16]. - Net profit attributable to shareholders was ¥37,830,508.79, a significant increase of 173.12% from ¥13,851,427.20 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was ¥36,825,895.02, up 227.76% from ¥11,235,485.03 year-on-year[16]. - The company's total assets at the end of the reporting period were ¥3,447,586,747.39, an 18.14% increase from ¥2,918,279,967.41 at the end of the previous year[16]. - The net assets attributable to shareholders increased by 44.74% to ¥1,761,840,300.48 from ¥1,217,226,839.09 at the end of the previous year[16]. - The company reported a basic earnings per share of ¥0.0847, which is a 156.67% increase from ¥0.0330 in the same period last year[16]. - The company achieved a revenue of 1,119.19 million yuan, representing a year-on-year growth of 25.88%[42]. - The net profit reached 39.33 million yuan, with a significant year-on-year increase of 109.19%[42]. - New contracts signed amounted to 1,751 million yuan, reflecting a year-on-year growth of 32.65%[42]. Dividend Distribution - The company plans to distribute a cash dividend of 0.6 RMB per 10 shares (including tax) to all shareholders[5]. - The cash dividend for the first half of 2018 is set at 0.6 CNY per 10 shares, with a total cash dividend amounting to approximately 29.97 million CNY, representing 100% of the distributable profit[106][109]. Market Expansion and Strategy - The company is actively pursuing market expansion opportunities in the distribution automation sector[10]. - The company aims to enhance its market presence through innovative products and technologies, aligning with national high-tech development plans[10]. - The company is focusing on the development of smart energy management and service cloud platforms, as well as intelligent low-voltage monitoring devices[25]. - The company is positioned as a leader in the distribution automation technology sector, maintaining a stable bidding rate for its products in the industry[32]. - The company is actively expanding its market presence in sectors such as railways and wind power, aiming to increase its market share[38]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[51]. Research and Development - The company has accumulated 153 patent authorizations, including 22 invention patents, 129 utility model patents, and 2 design patents, reflecting strong R&D capabilities[36]. - Research and development expenses increased by 38.16% to ¥59,631,887.49, up from ¥43,163,007.31, reflecting the company's commitment to enhancing R&D efforts[51]. - The company emphasizes continuous innovation and talent acquisition to maintain its competitive edge in the power distribution equipment sector[101]. Risk Management - The report includes a detailed discussion of risk factors and the company's strategies to mitigate them[5]. - The company plans to mitigate risks from increasing market competition by enhancing R&D investment, improving product technology, expanding production scale, and strengthening internal cost control[100]. - The company has implemented measures to control risks from potential changes in market conditions and customer procurement strategies[100]. Subsidiaries and Investments - The company has established multiple subsidiaries and joint ventures to enhance its capabilities in new technology and business fields, including energy management and power maintenance services[102]. - The company established a wholly-owned subsidiary, Xiong'an Keri Energy Management Co., Ltd., to enhance its smart distribution equipment supply and comprehensive energy efficiency services[43]. - The company has completed the liquidation of several subsidiaries, which will not significantly impact its overall business development and profitability[82]. Financial Position - Cash and cash equivalents saw a net increase of ¥189,835,896.38, a remarkable improvement of 270.71% compared to a decrease of ¥111,201,338.98 in the previous year[51]. - The company's total liabilities included fixed assets valued at ¥120,086,866.18, which were pledged as collateral for bank loans[62]. - The company's total accumulated investment in equity investments reached ¥17,043,000.00, representing a 4.61% stake in the invested company[65]. - The company’s total liabilities decreased slightly to ¥1,607,755,502.23 from ¥1,620,202,878.75, a reduction of about 0.9%[196]. Corporate Governance - The company emphasizes the importance of accurate and complete financial reporting, with key personnel affirming the report's integrity[4]. - The company has ensured that all directors and senior management will diligently fulfill their responsibilities to protect the interests of the company and all shareholders[113]. - The actual controller and shareholders have fulfilled their commitments during the reporting period, with no overdue commitments as of the reporting date[112]. Environmental and Social Responsibility - The company has been actively involved in strategic cooperation agreements, including one with the Xiong'an New Area Management Committee[154]. - The company donated 30,000 RMB for poverty alleviation projects in partnership with local authorities[153]. - The company has established a dedicated hazardous waste storage area for proper disposal of hazardous materials[152]. - The company has been recognized as not being a key pollutant discharge unit by environmental protection authorities[152].