WSBE(SH:600421)2023-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2023 was ¥56,934,579.92, representing a 44.12% increase compared to ¥39,505,672.79 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was -¥2,455,995.23, an improvement from -¥4,466,062.17 in the previous year[19]. - The net cash flow from operating activities was ¥3,162,179.37, a significant recovery from -¥7,806,276.56 in the same period last year[19]. - The basic earnings per share for the first half of 2023 was -¥0.013, compared to -¥0.020 in the same period last year[20]. - The weighted average return on net assets was -13.01%, down from -9.00% in the previous year[20]. - The net profit for the first half of 2023 was a loss of ¥1,200,021.15, an improvement from a loss of ¥5,380,237.15 in the same period of 2022[88]. - The total profit for the first half of 2023 was a loss of ¥271,133.20, compared to a loss of ¥5,987,292.05 in the first half of 2022[88]. - The company reported a net loss of CNY 431,603,834.45 for the current period, compared to a loss of CNY 2,455,995.23 in the previous period[100]. Assets and Liabilities - The total assets at the end of the reporting period were ¥125,022,718.75, a decrease of 1.89% from ¥127,433,325.82 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company decreased by 11.47% to ¥18,567,873.06 from ¥20,973,417.00 at the end of the previous year[19]. - Total current assets as of June 30, 2023, amount to ¥110,670,615.87, slightly down from ¥110,734,446.07 at the end of 2022[78]. - Total liabilities decreased from CNY 81,107,590.59 to CNY 79,798,080.57, a decline of approximately 1.6%[80]. - The total liabilities for the current period are CNY 434,059,829.68, highlighting a significant financial burden[100]. Revenue Sources - Sales revenue from mold products reached CNY 39.38 million, an increase of 9.61% year-on-year[36]. - Sales revenue from mold table products was CNY 2.01 million, showing a significant growth of 55.41% compared to the previous year[36]. - The company expanded its market presence from East China to South China, enhancing its revenue structure and sources[35]. Cash Flow - Cash and cash equivalents increased by 92.30% to ¥7,123,481.08, representing 5.70% of total assets[44]. - The ending balance of cash and cash equivalents as of June 30, 2023, was ¥7,123,481.08, compared to ¥11,608,109.84 at the end of June 2022, reflecting a decrease of about 38.5%[93]. - The company reported a cash inflow of ¥14,000,000.00 from borrowings in the first half of 2023, compared to ¥5,000,000.00 in the same period of 2022, indicating a 180% increase[93]. Cost Management - The company implemented over 10 cost-reduction measures, including optimizing material utilization and reducing energy costs[37]. - The financial expenses for the first half of 2023 were ¥990,387.10, a significant increase from ¥111,784.72 in the previous year[87]. Shareholder Information - Total number of common stock shareholders as of the end of the reporting period is 9,064[71]. - The top shareholder, Zhejiang Hengshun Investment Co., Ltd., holds 38,136,775 shares, accounting for 19.50% of total shares[72]. - Wuhan New Generation Technology Co., Ltd. holds 34,234,261 shares, representing 17.50% of total shares, with all shares pledged[72]. Strategic Initiatives - The company plans to enhance its technical capabilities and product development in wind power and underground space sectors[37]. - The company is focusing on risk management to avoid bad debts and optimize internal mechanisms related to sales performance[38]. - The company plans to acquire 100% equity of Nanjing Kaituo Optoelectronics Technology Co., Ltd. through a combination of issuing shares and cash payment, which is expected to constitute a major asset restructuring[62]. Government Grants and Income - Government grants are classified into asset-related and income-related, with specific criteria for each classification[196]. - Asset-related government grants reduce the carrying amount of the related asset or are recognized as deferred income, amortized over the asset's useful life[199]. - Income-related government grants are recognized as deferred income and accounted for in the period when the related costs are recognized[200]. Accounting Policies - The company recognizes revenue when control of goods or services is transferred to customers, which is based on the fulfillment of performance obligations[175]. - The company assesses expected credit losses for accounts receivable based on aging categories, referencing a table of expected loss rates over the entire lifetime[137]. - The company recognizes liabilities for prepayments from customers until performance obligations are fulfilled, converting them to revenue only when appropriate[188].