SEWPG(SH:688660)2023-08-30 16:00Financial Performance - The basic earnings per share for the first half of 2023 was -0.28 yuan, a decrease of 354.55% compared to 0.11 yuan in the same period last year[16]. - The diluted earnings per share for the same period was also -0.28 yuan, reflecting a 354.55% decline year-on-year[16]. - The net profit attributable to shareholders decreased significantly to -CNY 371,025,489.65, representing a decline of 363.63% year-on-year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -CNY 447,268,332.74, a decrease of 1,272.80% compared to the previous year[17]. - The company reported a significant increase in financial expenses by 373.99%, amounting to CNY 40,091,103.74, primarily due to increased interest expenses from new loans[68]. - The company reported a total comprehensive loss of ¥413,685,186.08 for the first half of 2023, compared to a comprehensive income of ¥131,971,315.90 in the first half of 2022[171]. - The company incurred financial expenses of ¥31,219,351.07 in the first half of 2023, compared to a financial income of ¥7,879,232.42 in the same period of 2022, indicating a shift in financial performance[170]. Revenue and Costs - The company's operating revenue for the first half of 2023 was CNY 4,241,741,609.13, a decrease of 18.07% compared to the same period last year[17]. - The total operating costs for the first half of 2023 were ¥4,415,110,881.17, compared to ¥4,250,452,638.33 in the same period of 2022, reflecting a 3.9% increase[170]. - The revenue from offshore product sales experienced a substantial decline compared to the previous year, impacting overall profitability[16]. - The company paid CNY 5,089,883,156.25 for goods and services, a decrease of 18.3% compared to CNY 6,229,918,292.79 in the first half of 2022[176]. Research and Development - Research and development expenses accounted for 6.64% of operating income, an increase of 1.28 percentage points compared to 5.36% in the same period last year[16]. - The total R&D investment reached approximately ¥281.61 million, representing 6.64% of operating revenue, an increase of 1.28 percentage points from the previous year[43]. - The number of R&D personnel increased to 558, representing 31.05% of the total workforce, up from 29.10% in the previous year[49]. - The company has filed for 42 new invention patents and obtained 60, bringing the total to 826 applications and 271 granted patents[41]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 30,796,234,127.72, an increase of 1.95% from the end of the previous year[17]. - The net assets attributable to shareholders decreased by 5.23% to CNY 6,766,936,822.20 compared to the end of the previous year[17]. - Total liabilities reached ¥24,019,931,223.59, an increase from ¥23,057,967,466.83, representing a rise of about 4.19%[158]. - The company's current ratio decreased by 7.28% to 0.9988 compared to the end of the previous year[152]. Market and Orders - The company received new orders totaling 1,496.00 MW in the reporting period, a decrease of 56.55% compared to the same period last year[57]. - The cumulative orders on hand at the end of the reporting period amounted to 9,438.50 MW, a decrease of 4.34% year-on-year[57]. - The wind power market in China saw an increase of 22.0% in new installed capacity, with 22.99 million kW added in the first half of 2023[25]. Environmental and Social Responsibility - The company has committed to environmental protection responsibilities throughout the development, construction, and operation of wind power projects, utilizing green technologies[33]. - The company has achieved a reduction of 3,067.96 tons in carbon emissions through the implementation of clean energy generation measures[98]. - The company has received ISO 14001:2015 environmental management system certification, ensuring compliance with environmental laws and regulations[95]. Corporate Governance and Compliance - The report indicates that the financial statements have not been audited, which may affect the reliability of the reported figures[5]. - The company has established a commitment to avoid major legal violations that could lead to delisting[102]. - There are no significant lawsuits or arbitration matters during the reporting period[109]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[109]. Future Outlook and Strategy - The company is transitioning from a turbine manufacturer to a full lifecycle service provider in the wind energy sector, focusing on digitalization and intelligent manufacturing[32]. - The company is actively expanding its market presence through the development of new products and technologies, aiming to strengthen its competitive position in both onshore and offshore segments[35]. - The company plans to spin off its subsidiary, Electric Wind Power, for listing on the Shanghai Stock Exchange's Sci-Tech Innovation Board[108].