TFE(SH:600237)2023-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2023 was ¥536,938,772.41, representing a 3.38% increase compared to ¥519,364,545.88 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was ¥42,752,163.98, an increase of 8.09% from ¥39,552,608.47 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥42,295,072.28, which is a 15.91% increase from ¥36,488,343.06 in the same period last year[21]. - Basic earnings per share for the first half of 2023 were ¥0.0758, an increase of 8.09% compared to ¥0.0701 in the same period last year[23]. - The weighted average return on net assets was 3.4324%, slightly up from 3.3805% in the previous year[23]. - The total comprehensive income for the first half of 2023 was ¥39,700,691.52, compared to ¥37,426,829.23 in the same period last year, showing an increase of 6.1%[102]. - The company reported a net loss of CNY 203,654,392.24 in retained earnings, an improvement from a loss of CNY 246,406,556.22 in the previous period[96]. Cash Flow - The net cash flow from operating activities decreased by 19.32% to ¥26,989,239.84 from ¥33,453,515.51 in the previous year[21]. - The company's cash flow from investing activities decreased by 210.71% due to increased cash payments for fixed assets and other long-term assets[33]. - Cash outflow from operating activities totaled CNY 411,320,048.98, compared to CNY 417,732,785.91 in the previous year, resulting in a net cash flow from operating activities of CNY 26,989,239.84, down 19.8% from CNY 33,453,515.51[107]. - Financing activities produced a net cash inflow of CNY 47,629,690.40, an increase of 128.5% compared to CNY 20,928,736.60 in the same period last year[108]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,957,176,661.08, a 1.70% increase from ¥1,924,529,260.86 at the end of the previous year[22]. - The total liabilities amounted to CNY 621,505,305.70, a decrease of 2.93% from CNY 638,558,597.01 in the previous period[94]. - Current assets decreased to CNY 1,153,098,139.56 from CNY 1,182,511,326.52, reflecting a decline of approximately 2.6%[91]. - Accounts receivable increased to CNY 266,509,502.51 from CNY 233,128,452.03, representing an increase of approximately 14.3%[91]. - The total equity at the end of the first half of 2023 was approximately 1,335.67 million, reflecting an increase from 1,199.19 million in the same period last year[117]. Investments and Projects - Research and development expenses rose by 34.98% to 22,579,826.86 CNY, indicating a significant increase in investment in R&D[33]. - The company has invested a total of 34,550,000 CNY in the thin film material project, with the first production line's main equipment delivered by the end of 2022 and installation nearing completion[43]. - The direct current grid capacitor project has an investment of 8,264,000 CNY, with the main equipment for phase one starting to arrive for installation[43]. - The investment in the electric capacitor project for electric vehicles amounts to 15,160,000 CNY, with phase one successfully launched in August 2022 and phase two progressing as planned[43]. Environmental Compliance - The company has established an emergency response plan for environmental incidents, which has been approved and filed with the local environmental authority[60]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[62]. - The company has implemented a self-monitoring plan for pollution sources, ensuring compliance with discharge standards[61]. - The company has constructed 19 sets of dust collection devices and 12 sets of activated carbon adsorption devices to control emissions, with regular maintenance and operation[58]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 43,881[80]. - The largest shareholder, Tongling Dajiang Investment Holding Co., Ltd., held 111,705,979 shares, representing 19.79% of the total shares[82]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[52]. Accounting Policies - The company adheres to the continuous operation basis for its financial reporting, ensuring compliance with relevant accounting standards[129]. - The company has not reported any significant changes in accounting policies or prior period error corrections for the current reporting period[128]. - The company recognizes expected credit losses based on the risk of default weighted average for financial assets measured at amortized cost and fair value through other comprehensive income[160].