SACO(SZ:002025)2019-08-19 16:00Financial Performance - The company's operating revenue for the first half of 2019 was CNY 1,619,461,314.86, representing a 38.56% increase compared to CNY 1,168,748,357.79 in the same period last year[10]. - The net profit attributable to shareholders of the listed company was CNY 187,110,890.62, up 19.17% from CNY 157,014,702.96 year-on-year[10]. - The net profit after deducting non-recurring gains and losses was CNY 173,744,103.73, an increase of 18.17% compared to CNY 147,026,539.10 in the previous year[10]. - The company's basic earnings per share increased to CNY 0.44, reflecting an 18.92% growth from CNY 0.37 in the same period last year[10]. - The company reported a total operating revenue of RMB 1,619,461,314.86, representing a year-on-year increase of 38.56%[28]. - The net profit for the period was ¥187,110,890.62, reflecting a growth of 19.17% compared to the previous year[21]. - The company reported a total profit for the first half of 2019 reached CNY 231,680,329.30, compared to CNY 188,000,892.81 in the previous year, marking a growth of 23.2%[93]. - The total comprehensive income for the first half of 2019 was CNY 203,609,052.18, compared to CNY 162,315,728.22 in the same period of 2018, indicating a growth of 25.5%[94]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,034,243,764.59, a 6.62% increase from CNY 4,721,708,076.86 at the end of the previous year[10]. - The company's current assets totaled RMB 4,232,247,087.04 as of June 30, 2019, compared to RMB 3,943,251,410.83 at the end of 2018, indicating an increase of about 7.3%[84]. - Accounts receivable at the end of the period amounted to ¥2,339,196,211.34, an increase of 61.45% from the beginning of the year[19]. - The total liabilities as of June 30, 2019, were RMB 1,499,544,673.96, compared to RMB 1,419,514,820.00 at the end of 2018, reflecting an increase of about 5.6%[86]. - The total equity attributable to shareholders increased to ¥2,263,143,034.56 as of June 30, 2019, from ¥2,173,888,950.22 at the end of 2018[91]. Cash Flow - The company reported a net cash flow from operating activities of CNY -336,602,233.41, which is a decline of 105.75% compared to CNY -163,600,904.62 in the same period last year[10]. - Cash outflow from operating activities increased to 1,108,292,608.61 yuan in the first half of 2019, compared to 842,878,844.01 yuan in the same period of 2018, representing a rise of about 31.5%[98]. - The net cash flow from investing activities was -31,361,733.28 yuan in the first half of 2019, worsening from -5,056,982.19 yuan in the first half of 2018[99]. - The total cash and cash equivalents at the end of the first half of 2019 were 335,990,434.94 yuan, down from 567,193,963.16 yuan at the end of the first half of 2018[99]. Research and Development - Research and development expenses totaled ¥120,908,918.58, a 24.63% increase year-on-year, due to heightened investment in new products and technologies[26]. - Research and development expenses for the first half of 2019 amounted to ¥120,908,918.58, compared to ¥97,011,547.87 in the previous year, indicating a 24.5% increase[92]. Market and Business Operations - The main business includes the research, production, and sales of high-end relays, connectors, micro motors, optoelectronic products, and cable assemblies, primarily serving high-tech fields such as aerospace and electronics[15]. - The company is focusing on expanding its market presence in military, civilian, and international sectors, with international orders exceeding ¥100 million for the first time[23]. - The company operates eight subsidiaries across various regions, with over 70% of its products sold to high-end clients in aerospace, aviation, and military sectors[15]. Shareholder and Equity Information - The total number of shares after the recent changes is 429,000,000, with 99.98% being unrestricted shares[70]. - The largest shareholder, Guizhou Aerospace Industry Co., Ltd., holds 41.65% of the total shares, amounting to 178,666,306 shares[73]. - The company has not issued any new securities during the reporting period[73]. - The report indicates no significant changes in the shareholding structure during the reporting period[74]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities[61]. - The company plans to implement 1-2 poverty alleviation projects in the second half of 2019 as part of its corporate social responsibility[66]. - The company has established an emergency response plan for environmental incidents, complying with national and local regulations[65]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, indicating the company’s ability to continue operations for the next 12 months[116]. - The company adheres to the Chinese Accounting Standards, ensuring that the financial reports accurately reflect its financial position and operating results[119]. - The semi-annual financial report for 2019 has not been audited[83].