CORUN(SH:600478)2020-08-24 16:00Financial Performance - The company's operating revenue for the first half of 2020 was ¥989,022,341.59, representing a 23.73% increase compared to ¥799,351,877.36 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -¥95,906,106.18, an improvement from -¥133,154,432.83 in the previous year[20]. - The net cash flow from operating activities was ¥122,552,503.78, a significant recovery from -¥5,380,525.29 in the same period last year[20]. - Revenue for the current period reached ¥989,022,341.59, an increase of 23.73% compared to ¥799,351,877.36 in the same period last year, primarily driven by increased sales in consumer batteries, power batteries, and electrode materials[23]. - Operating costs increased to ¥857,742,504.27, up 21.46% from ¥706,197,965.20, reflecting the rise in sales volume of consumer and power batteries[23]. - The company reported a net loss of ¥100,823,869.18 for the first half of 2020, compared to a net loss of ¥164,930,570.19 in the same period of 2019, showing an improvement[179]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,168,665,136.37, down 3.78% from ¥6,411,333,381.04 at the end of the previous year[20]. - The total liabilities decreased to approximately CNY 3.25 billion, down 4.3% from CNY 3.39 billion at the end of 2019[167]. - The total equity attributable to shareholders decreased to approximately CNY 2.42 billion, down 3.7% from CNY 2.51 billion at the end of 2019[167]. - The company's long-term investments increased to approximately CNY 601.45 million, up 42.4% from CNY 422.68 million at the end of 2019[165]. - The company's total non-current assets increased to approximately CNY 4.67 billion, up 3.7% from CNY 4.50 billion at the end of 2019[165]. Cash Flow - The company’s financing activities resulted in a net cash outflow of ¥72,285,962.11, a 163.97% decrease compared to the previous year[72]. - Cash inflow from operating activities totaled 1,175,708,834.72 RMB, compared to 867,690,193.64 RMB in the previous period, marking an increase of approximately 35.4%[194]. - The ending cash and cash equivalents balance was $449,061,756.27, a decrease from $922,277,642.08 at the end of the previous period[196]. Research and Development - Research and development expenses decreased by 55.02% to ¥29,440,093.09 from ¥65,447,316.45, primarily due to changes in accounting treatment for R&D costs[25]. - The company is actively engaged in research and development of new technologies, particularly in the field of automotive power batteries[88]. - As of June 2020, the company holds 628 authorized patents, including 228 invention patents, which support ongoing research and innovation[59]. Market and Sales - The company plans to expand its market presence in the energy storage and new energy sectors, focusing on advanced battery materials and systems[30]. - The sales revenue from HEV vehicle batteries reached 789 million yuan, with a year-on-year increase of 27.25%[67]. - The company plans to expand production capacity to 480,000 sets per year by June 2021, driven by the growing demand for Toyota's hybrid vehicles[55]. Environmental Compliance - The company has no significant environmental violations reported in the first half of 2020[112]. - The company has maintained compliance with pollution discharge standards across various pollutants[112]. - The company reported a total nitrogen discharge of 2.04 mg/L, significantly below the limit of 40 mg/L[116]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 51,450[145]. - Geely Technology held 49,149,883 shares with a lock-up period ending on April 3, 2022[148]. - The top ten shareholders included Hunan Keli Yuan High-Tech Group with 237,329,700 shares, representing 14.36% of total shares[148].