THVOW(SZ:002564)2025-08-22 11:00Financial Performance - The company's operating revenue for the first half of 2025 was approximately ¥1.24 billion, representing a 3.61% increase compared to ¥1.20 billion in the same period last year[21]. - The net profit attributable to shareholders was a loss of approximately ¥9.06 million, a decline of 158.43% from a profit of ¥15.51 million in the previous year[21]. - The net profit after deducting non-recurring gains and losses was approximately ¥1.41 million, a significant improvement of 104.81% compared to a loss of ¥29.27 million in the same period last year[21]. - The net cash flow from operating activities improved to a negative ¥65.82 million, a 41.72% reduction in loss compared to a negative ¥112.93 million last year[21]. - Total assets at the end of the reporting period were approximately ¥5.58 billion, down 6.97% from ¥5.99 billion at the end of the previous year[21]. - The net assets attributable to shareholders decreased to approximately ¥130.57 million, a decline of 5.54% from ¥138.22 million at the end of the previous year[21]. - The cost of goods sold increased by 3.97% to ¥1,030,119,872.05, up from ¥990,808,607.78 in the previous year[45]. - The gross margin for the high-end equipment manufacturing segment was 9.40%, a decrease of 7.14% compared to the previous year[49]. - The company reported a significant increase in foreign sales, which rose by 881.56% to ¥145,558,912.12, compared to ¥14,829,319.00 in the previous year[47]. - The company reported a total revenue of 13,769.26 million yuan for the period, with a significant portion attributed to procurement and sales transactions with its controlling shareholder[89]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[6]. - The company is focusing on the "dual carbon" goals and high-quality development in the chemical industry, with ongoing adjustments in the refining sector[28]. - The company aims to increase the proportion of non-fossil energy power generation capacity to 60% by 2025, with non-fossil energy accounting for 20% of total energy consumption[31]. - The company signed strategic cooperation agreements with four units, including China Energy Construction Xinjiang Institute, to expand its market channels in the power design and system solutions sector[35]. - The company has established a comprehensive safety responsibility system covering all employees, ensuring overall stability in safety production[36]. - The company has committed to ensuring the independence of Tianwo Technology's management and assets, with a focus on maintaining a separate financial accounting system[77]. - The company will not engage in new energy engineering service projects post-restructuring, avoiding competition with Tianwo Technology[77]. - The company has pledged to support Tianwo Technology in expanding opportunities in the energy engineering service sector[77]. Operational Efficiency - The company has implemented a monthly economic operation analysis mechanism to provide timely and effective data support for management decisions[36]. - The company has effectively reduced financing costs by lowering the interest rates on existing loans through a dual strategy of expanding new loans and optimizing existing ones[36]. - The company emphasizes project management and quality control to mitigate risks associated with product quality and project execution[66]. - The company has established a comprehensive strategy to enhance operational efficiency and market expansion in the upcoming fiscal year[89]. Social Responsibility - The company has actively engaged in social responsibility initiatives, including community support and volunteer activities, enhancing employee awareness of social contributions[73]. - The company provided support to two impoverished villagers, delivering essential goods and cash assistance of 1,000.00 yuan each, as part of rural revitalization efforts[74]. - The company has established a multi-level employee support system, assisting seven employees in need with a total of 9,000.00 yuan in cash aid[74]. - The company completed air conditioning cleaning in workshops and office areas in May, improving operational efficiency and work environment[75]. - The company upgraded the employee cafeteria in June, enhancing the dining experience and service quality[75]. - The company is committed to green and low-carbon development, implementing energy-saving measures to reduce energy consumption and waste emissions[75]. Legal and Compliance Matters - The company has received 108 notifications of litigation from minority shareholders, involving a total amount of ¥13,841,900, with some cases already settled[64]. - The company has initiated a lawsuit to protect the interests of its shareholders due to the lack of feedback from the performance compensation parties within the agreed timeframe[85]. - The company has been in communication with the performance compensation parties regarding the compensation and impairment testing matters[85]. - The company has not engaged in any violations regarding external guarantees during the reporting period[81]. - The semi-annual financial report has not been audited[82]. - There have been no bankruptcy reorganization matters during the reporting period[83]. - There are no significant litigation or arbitration matters reported[84]. Financial Position and Assets - The total assets at the end of the reporting period amounted to ¥5,570,000,000, with a notable increase in accounts receivable, which accounted for 20.99% of total assets[52]. - The company’s short-term borrowings decreased by 4.58% to ¥412,511,668.88, down from ¥717,749,558.97 in the previous year[52]. - The company’s investment activities generated a net cash outflow of -¥4,456,567.41, an improvement of 50.22% compared to -¥8,951,846.53 in the previous year[45]. - The total current assets decreased from 4,267,680,262.48 to 3,870,852,860.12, a decline of approximately 9.3%[122]. - The total liabilities decreased from ¥5,625,192,202.88 to ¥5,195,408,844.12, reflecting a decrease of approximately 7.7%[124]. - The total equity attributable to the parent company at the end of the reporting period was CNY 858,904,477.00[145]. - The total comprehensive income for the period was a loss of CNY 161,058,625.28[151]. Accounting and Financial Reporting - The financial statements are prepared in accordance with the Chinese Accounting Standards, reflecting the company's financial position and operating results accurately[161]. - The company has not reported any significant changes in accounting policies or prior period error corrections during the current reporting period[158]. - The company’s operational cycle is one year, aligning with its accounting period from January 1 to December 31[162][163]. - The company has established materiality thresholds for financial reporting, with a standard of 0.5% of the most recent audited net assets for significant items[165]. - The financial report was approved by the board of directors on August 22, 2025[158].