SHUNNA(SZ:000533)2023-08-28 16:00Financial Performance - The company's operating revenue for the first half of 2023 reached ¥950,077,062.24, representing a 17.85% increase compared to ¥806,146,887.24 in the same period last year[22]. - Net profit attributable to shareholders was ¥20,871,716.54, up 48.26% from ¥14,077,339.00 in the previous year[22]. - The net cash flow from operating activities improved significantly to ¥11,103,194.68, a 245.48% increase from a negative cash flow of ¥7,631,945.70 in the same period last year[22]. - The basic earnings per share increased to ¥0.0302, reflecting a growth of 48.04% compared to ¥0.0204 in the previous year[22]. - Operating profit reached 44.13 million CNY, up 67.56% year-on-year[31]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which reached ¥19,387,717.21, a 107.00% increase from ¥9,365,896.46 in the previous year[22]. - The total comprehensive income for the first half of 2023 was ¥35,036,080.22, compared to ¥23,304,205.38 in the same period of 2022, marking a 50.4% increase[157]. - The company reported a profit before tax of ¥44,966,540.54, up 50.0% from ¥29,977,011.76 year-over-year[156]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,533,375,169.20, a slight decrease of 0.71% from ¥2,551,363,400.47 at the end of the previous year[22]. - The company's net assets attributable to shareholders increased by 2.98% to ¥734,115,987.24 from ¥712,852,952.11 at the end of the previous year[22]. - The company's total assets included accounts receivable of ¥1,171,902,600.57, which accounted for 46.26% of total assets, reflecting a 4.39% increase due to higher sales revenue[67]. - Total liabilities decreased from ¥1,697,494,083.92 to ¥1,667,073,364.12, a reduction of about 1.8%[149]. - The company's equity attributable to shareholders increased from ¥712,852,952.11 to ¥734,115,987.24, an increase of approximately 2.0%[149]. Cash Flow - Cash flow from operating activities showed a significant improvement, with a net inflow of ¥11,103,194.68, compared to a net outflow of ¥7,631,945.70 in the same period last year, marking a 245.48% increase[60]. - The net cash flow from investing activities was -¥9,032,764.06 in H1 2023, worsening from -¥1,545,290.96 in H1 2022[163]. - The net cash flow from financing activities was -¥90,292,338.16 in H1 2023, compared to -¥7,317,918.92 in H1 2022, reflecting a significant increase in cash outflow[163]. Research and Development - Research and development expenses increased by 31.62% to ¥42,776,093.00, as the company intensified its investment in power distribution and transmission business[60]. - The company has a strong R&D capability with over 300 research and development personnel and has obtained 18 invention patents and 113 utility model patents[53]. - The company is actively investing in research and development to meet new industry demands for power distribution equipment, focusing on larger capacity and higher voltage levels[84]. Market and Operations - The company has a production capacity of 12 million kVA for dry-type transformers, with over 20,000 units in the market[32]. - The company has supplied over 14,000 box transformers for wind power projects and over 6,000 for solar power projects[37]. - The company has delivered over 7,000 sets of rectifier and power equipment for more than 200 urban rail transit lines[40]. - The company has secured contracts for 16 nuclear power projects, including 21 nuclear island 1E level products[41]. - The company is experiencing stable growth due to increased investment in infrastructure and power industry construction, as well as the promotion of renewable energy and smart grid development[46]. Corporate Governance and Compliance - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[6]. - The company has outlined potential risks and corresponding measures in its management discussion section, which investors are encouraged to review[5]. - The company received a public reprimand from the Shenzhen Stock Exchange for violations related to financial assistance and disclosure obligations[111]. - The company has not engaged in any related party transactions during the reporting period[113]. Environmental and Social Responsibility - The company aims to create a "zero-carbon production park" as part of its commitment to carbon neutrality, focusing on energy efficiency and reducing energy consumption[98]. - The company has invested in wastewater and air pollution treatment facilities, which are operating normally[94]. - The environmental impact assessment for the smart factory project was approved on April 13, 2023[95]. Shareholder Information - The total number of shares after the recent change is 690,816,000, with 99.14% being unrestricted shares[132]. - The number of shareholders holding more than 5% of ordinary shares includes Guangzhou Huifu Boyan Investment Partnership with 17.37% (120,000,000 shares) and Shao Weihua with 13.45% (92,902,059 shares)[135]. - The company has 43,536 ordinary shareholders at the end of the reporting period[135].