ZNGF(SZ:000717)2023-08-22 16:00Financial Performance - The company reported a total deposit balance of 291,207,500 CNY at the end of the period, with a net increase of 61,346,000 CNY during the reporting period[1]. - The net increase in cash and cash equivalents for the period was CNY 1,295,832,641.83, compared to a decrease of CNY 922,127,468.16 in the previous period[25]. - The ending cash balance was CNY 1,995,694,226.60, significantly up from CNY 699,861,584.77 at the beginning of the period, representing an increase of approximately 185%[25]. - The net profit for the period was reported at CNY -54,353,486.99, an improvement from CNY -105,006,928.48 in the previous period[95]. - The net profit for the first half of 2023 was a loss of CNY 2,149,541.26, compared to a profit of CNY 213,977,282.68 in the first half of 2022, indicating a significant decline[137]. - The total comprehensive income for the first half of 2023 was a loss of CNY 2,043,499.03, compared to a comprehensive income of CNY 213,177,290.18 in the first half of 2022[137]. Assets and Liabilities - The company has a total of CNY 515,386,421.74 in assets with ownership or usage rights restrictions[26]. - The total assets increased to CNY 21,423,625,635.34 as of June 30, 2023, up from CNY 20,222,893,994.85 at the beginning of the year, representing a growth of approximately 5.93%[86]. - Total liabilities increased to CNY 12,251,709,979.37 from CNY 10,941,036,900.76, representing a growth of approximately 11.97%[90]. - The total current liabilities reached CNY 10,210,984,171.13, an increase from CNY 8,916,165,386.81 in the previous period, reflecting a rise of 14.5%[123]. Revenue and Expenses - The total operating revenue for the first half of 2023 was CNY 19,598,809,038.30, an increase of 9.8% compared to CNY 17,857,695,454.57 in the same period of 2022[131]. - The total operating costs for the first half of 2023 were CNY 19,628,284,054.13, up from CNY 17,549,256,616.80 in the first half of 2022, reflecting an increase of 11.9%[131]. - Research and development expenses for the first half of 2023 amounted to CNY 315,703,663.60, compared to CNY 238,882,748.46 in the same period of 2022, representing a growth of 32.2%[131]. Investments and Acquisitions - The acquisition of 100% equity in Guangdong Kunlun Information Technology Co., Ltd. was completed, and it is now a wholly-owned subsidiary included in the consolidated financial statements[19]. - The company completed the acquisition of Guangdong Kunlun Information Technology Co., Ltd. on February 28, 2023, with a total merger cost of CNY 68,255,500.00[37][38]. - The revenue from the acquired company for the period from the beginning of the year to the merger date was CNY 24,165,926.52, with a net profit of CNY 2,024,342.17[37]. Related Party Transactions - The company has a credit line of 2,800,000 CNY with related parties, with actual transactions amounting to 1,004,635.4 CNY during the reporting period[1]. - The company has no significant related party transactions or major guarantees during the reporting period[3][12]. - The company’s related party sales of steel and materials to Shanghai Ouyue Material Technology Co., Ltd. reached CNY 1,191,934,537.72, showing strong inter-company transactions[193]. Government Subsidies and Taxation - The company received government subsidies totaling CNY 35,608,833.80 for technology transformation projects, with CNY 1,863,807.84 recognized in the current period's profit and loss[32]. - The corporate income tax rate has been reduced to 15% due to the high-tech enterprise certification obtained on December 22, 2022, valid for three years[200]. Risk Management - The company has implemented risk management policies to mitigate financial risks associated with its financial instruments[101]. - The company is exposed to foreign exchange risks primarily related to USD and EUR, impacting its export business and certain bank borrowings[115]. - The company is actively monitoring the RMB/USD exchange rate to mitigate currency risk associated with its import operations[198]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 90,499, with the largest shareholder, Baowu Group, holding 52.95% of shares, equating to 1,283,512,890 shares[57]. - The total equity attributable to shareholders of the parent company was CNY 9,086,607,482.99 as of June 30, 2023, down from CNY 9,224,440,853.67 at the end of 2022, a decrease of 1.5%[123].