huasi(SZ:002494)2018-08-20 16:00Financial Performance - The company's operating revenue for the first half of 2018 was ¥216,880,358.23, a decrease of 11.86% compared to ¥246,054,156.85 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥11,795,267.77, an increase of 5.96% from ¥11,132,024.97 year-on-year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,089,423.97, up 22.90% from ¥7,395,621.41 in the previous year[19]. - The total profit for the same period was ¥12,089,442.39, down 17.20% year-on-year, while the net profit attributable to shareholders increased by 5.96% to ¥11,795,267.77[37]. - The basic earnings per share remained unchanged at ¥0.03, with diluted earnings per share also at ¥0.03[19]. - The weighted average return on net assets was 0.61%, slightly up from 0.56% in the previous year[19]. - The company reported a net loss of RMB 574.23 thousand for the current period[54]. - The expected net profit attributable to shareholders for the period from January to September 2018 is projected to be between RMB 113.943 million and RMB 195.331 million, reflecting a change of -30.00% to 20.00% compared to RMB 162.776 million in the same period of 2017[65]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥247,848,962.73, a significant decline of 299.18% compared to ¥124,432,522.66 in the same period last year[19]. - The company's cash and cash equivalents decreased by 2,732.10% to a net reduction of ¥276,604,079.86, primarily due to increased asset acquisition expenditures[40]. - The total cash and cash equivalents at the end of the period decreased to CNY 266,704,177.27 from CNY 424,352,552.40[139]. - The company reported a significant increase in cash paid for purchasing goods and services, totaling CNY 485,763,423.37, compared to CNY 160,171,562.24 in the previous period[138]. - The net cash increase for the period was CNY -276,604,079.86, compared to CNY -9,766,764.97 in the previous period[139]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,686,107,945.51, an increase of 0.73% from ¥2,666,630,227.83 at the end of the previous year[19]. - Total liabilities increased to ¥758,936,896.37 from ¥748,766,823.02, marking an increase of approximately 1.5%[122]. - The company's total equity rose to ¥1,927,171,049.14 from ¥1,917,863,404.81, indicating an increase of about 0.67%[123]. - Inventory increased by 7.96% to ¥785,182,653.50, attributed to the company's plans for land development[46]. - The company’s other receivables increased significantly to ¥357,405,604.53 from ¥155,410,607.80, showing a growth of approximately 130%[125]. Investment and R&D - The company invested in R&D with a total expenditure of ¥6,940,299.85, reflecting a 12.22% increase from the previous year[39]. - The company established the largest fur raw material trading platform in China, with a total construction area of 130,000 square meters for the China Suni International Fur Trading Center[29]. - The company has developed 7 R&D projects in 2017, including technologies for skin splicing and dyeing processes, and currently holds 18 patents[30]. - The company aims to enhance its competitive edge by increasing investment in technology and developing proprietary brands, such as "Yijiaqi," which has received multiple honors[32]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 61,700[104]. - The largest shareholder, He Guoying, holds 31.31% of the shares, totaling 120,720,374 shares[104]. - The company has a total of 385,560,818 shares, with 23.48% being restricted shares and 76.52% being unrestricted shares[102]. - The company has committed to not distributing cash dividends or bonus shares for the half-year period[70]. Environmental and Compliance - The company has established pollution prevention facilities that are operating normally[92]. - The company has a comprehensive wastewater treatment facility with a processing capacity of 1600m³/d[92]. - The company has obtained an environmental discharge permit and all pollutants were discharged within standards during the reporting period[93]. - The company has developed an emergency response plan for environmental incidents[94]. Strategic Focus and Future Outlook - The company focuses on the fur fashion industry, emphasizing innovation and service platform development[27]. - The company’s strategic focus includes the construction of the Huasi Fur Town, which aims to integrate industry, life, and tourism[29]. - The company anticipates stable development in its main business, with ongoing construction of the Huasi Fur Town project[65]. - The company faces risks related to large-scale capital investments and the need for sufficient funding sources to support rapid growth[66]. Financial Reporting and Governance - The company did not conduct an audit for the semi-annual financial report[74]. - There were no significant litigation or arbitration matters during the reporting period[76]. - The company has no major related party transactions during the reporting period[80]. - The company has not encountered any issues with the use of raised funds or changes in fundraising projects[59].