MYSE(SH:601615)2023-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2023 was ¥10,559,205,535.21, a decrease of 25.84% compared to ¥14,237,957,724.31 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥654,121,337.60, down 73.28% from ¥2,447,743,981.34 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥537,204,009.13, a decrease of 76.66% compared to ¥2,301,196,087.25 in the same period last year[17]. - The net cash flow from operating activities was -¥3,338,457,114.09, compared to -¥2,414,890,030.32 in the previous year[19]. - Basic earnings per share decreased by 75.42% to CNY 0.29 compared to CNY 1.18 in the same period last year[20]. - Diluted earnings per share decreased by 75.21% to CNY 0.29 compared to CNY 1.17 in the same period last year[20]. - The gross profit margin was 18.36%, a decline of 7.29 percentage points compared to the previous year[45]. - The company sold 3.45 GW of wind turbines, a decrease of 52.87% year-on-year, with related sales revenue of CNY 9.45 billion, down 28.64%[46]. - The company reported a total of 7.58 GW in new wind turbine orders, a decline of 59.36% year-on-year[46]. - The company achieved operating revenue of CNY 10.56 billion, a year-on-year decrease of 25.84%[45]. Assets and Liabilities - The total assets at the end of the reporting period were ¥75,107,851,632.36, an increase of 8.95% from ¥68,940,224,911.06 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company at the end of the reporting period were ¥28,094,972,041.52, a slight decrease of 0.07% from ¥28,113,710,200.58 at the end of the previous year[19]. - The company's asset-liability ratio increased to 62.26%, up by 3.40% from the end of the previous year[135]. - Total liabilities increased to CNY 46.76 billion, compared to CNY 40.57 billion, representing a growth of about 15.4%[139]. - The company's equity attributable to shareholders decreased slightly to CNY 28.09 billion from CNY 28.11 billion, a decline of approximately 0.1%[139]. - The total amount of stockholders' equity decreased by 6,542,423.16 due to various adjustments[163]. Research and Development - The company is advancing in the photovoltaic sector with ongoing projects in HJT photovoltaic cells, Topcon photovoltaic modules, and perovskite solar cell research[29]. - The company continues to enhance its self-research and production capabilities for core components, improving cost control and product competitiveness[42]. - Research and development expenses decreased to CNY 238,424,230.00, a reduction of 42.1% from CNY 411,664,817.53 in the previous year[147]. Market and Industry Trends - In the first half of 2023, China's newly installed wind power capacity reached 22.99GW, a year-on-year increase of 77.67%, with total installed capacity reaching 389GW, up 13.7%[31]. - Solar power saw a significant increase, with newly installed capacity of 78.42GW in the first half of 2023, representing a 154% year-on-year growth, bringing total installed capacity to 470GW[31]. - Renewable energy's share of total installed capacity in China surpassed coal power for the first time, reaching 1322GW, which accounts for approximately 48.8% of the total installed capacity[31]. Environmental and Social Responsibility - The company has implemented measures to reduce noise pollution, ensuring that external noise levels are below 70dB[76]. - The company does not use coal, petroleum coke, oil, or gas as fuel in its blade production, and its operations are not classified as key pollutant discharge units[77]. - The company has established a wastewater treatment system to handle pollutants such as CODcr from its production bases and solar power plants[74]. - The company has invested in renewable energy projects in underdeveloped regions, contributing to local employment and economic development[85]. - The company donated RMB 5 million to support offshore wind power technology research and RMB 1.005 million to local charities, including RMB 1 million for educational development[86]. Corporate Governance and Compliance - There were no profit distribution plans or capital reserve transfer to share capital plans during the reporting period[4]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[5]. - The company reported no significant litigation or arbitration matters during the reporting period[105]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[104]. - The company will strengthen compliance management regarding securities laws and regulations to prevent future incidents of short-term trading by related parties[106]. Future Outlook and Strategy - The report includes forward-looking statements regarding industry forecasts and company development strategies, which do not constitute profit forecasts or commitments to investors[4]. - The company plans to continue expanding its market presence and investing in new technologies[53]. - The company is actively exploring overseas markets, but may encounter challenges due to differing business environments and the need for experienced teams and technical support[63]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the H sector[90]. Shareholder Information - The company has committed to maintaining shareholder value through share buybacks, with a plan to repurchase up to $I million worth of shares over the next J months[90]. - The total number of pledged shares by major shareholders amounts to 263,599,267 shares, representing 11.60% of the company's total share capital[118]. - The company has 575,718,024 shares held by major shareholders, accounting for 25.34% of the total share capital[118]. - The company’s total share capital increased to RMB 2,271,983,706 after the repurchase of 102,000 shares from departing employees[166].