MESNAC(SZ:002073)2020-08-25 16:00Financial Performance - The company's operating revenue for the first half of 2020 was ¥1,197,328,076.55, a decrease of 18.06% compared to ¥1,461,162,596.08 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was ¥5,590,486.65, down 91.43% from ¥65,251,861.33 in the previous year[23]. - The net cash flow from operating activities was negative at ¥6,477,693.59, a decline of 104.38% compared to ¥147,778,628.63 in the same period last year[23]. - The basic earnings per share decreased to ¥0.006, down 91.43% from ¥0.07 in the previous year[23]. - Operating profit was ¥7,740,005.35, down 84.00% year-on-year[46]. - Total profit amounted to ¥7,489,496.46, reflecting a decline of 85.83% compared to the previous year[46]. - The company reported a net profit excluding non-recurring gains and losses of -¥14,179,336.70, a decline of 131.00% compared to ¥45,742,847.62 in the previous year[23]. - The company expects a cumulative net profit of between 15 million and 22 million yuan for the year, representing a decline of approximately 78.87% compared to the previous year[84]. - Basic earnings per share are projected to be 0.01 yuan, down 87.50% from 0.08 yuan in the same period last year[84]. - The decline in revenue and profit is primarily attributed to project delivery delays caused by the COVID-19 pandemic[84]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,011,264,320.29, a slight decrease of 0.03% from ¥8,013,798,411.11 at the end of the previous year[23]. - The company's total assets included cash and cash equivalents of ¥701,843,690.88, which accounted for 8.76% of total assets, down 7.87% from the previous year[55]. - The company's current assets totaled ¥5,874,933,107.26, compared to ¥5,854,593,680.55 at the end of 2019, indicating a marginal increase[179]. - Total liabilities decreased to ¥3,494,845,312.76 from ¥3,566,946,324.04, showing a reduction of approximately 2%[184]. - The company's equity attributable to shareholders rose to ¥4,297,129,226.02 from ¥4,212,882,257.28, marking an increase of about 2%[185]. - The company's inventory increased to ¥1,665,098,724.91, up from ¥1,458,526,228.11, reflecting a growth of about 14.2%[176]. - Accounts payable increased to ¥799,808,992.93 from ¥680,302,492.94, indicating a rise of about 17.5%[182]. Research and Development - Research and development expenses were ¥53,416,991.30, down 19.92% from ¥66,702,043.87 in the previous year[47]. - The company has developed a new chemical rubber mixing technology, with a production line capable of producing 30,000 tons annually, enhancing performance in terms of wear resistance and rolling resistance[41]. - The company has established a global R&D system centered in China, the USA, and Slovakia, with nearly 1,000 patents and multiple national and international standards[39]. - The company plans to enhance its research and development capabilities to address macroeconomic risks and improve product efficiency and quality[87]. Market and Expansion - The company ranks third globally and first in China in the rubber machinery industry, according to the European Rubber Journal[36]. - The company’s marketing network covers over 30 countries and regions, serving more than 300 clients globally[39]. - The company is actively expanding into overseas markets in line with the national "Belt and Road" strategy[39]. - The company is exploring market expansion opportunities, although specific new products or technologies were not detailed in the report[196]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities[129]. - The total emissions of major pollutants from Fushun Ikos New Materials Co., Ltd. were 0.04 tons for waste gas and 15.76 tons for wastewater during the reporting period[129]. - The company has implemented a "clear sewage diversion" system for wastewater management, ensuring compliance with discharge standards[132]. - The company has established a waste oil separation and flotation pretreatment system for oily wastewater[132]. - The company has not conducted any targeted poverty alleviation work during the reporting period and has no plans for future initiatives[135]. Financial Management and Fundraising - The company raised a total of CNY 1,268,943.70 million from the non-public issuance of A-shares, with a net amount of CNY 1,245,820.50 million after deducting issuance costs[64]. - The company has made adjustments to its investment projects and has reported on the progress and feasibility of these projects[65]. - The company has committed a total investment of 124,582.05 million for various projects, with 38,622.79 million already utilized[68]. - The company plans to use part of the raised funds for repaying company bonds and bank loans, with a total of 85,959.26 million allocated for this purpose[72]. - The company has not reported any major non-raised fund investment projects during the reporting period[77]. Corporate Governance - The company has no commitments that were not fulfilled by the actual controller, shareholders, related parties, acquirers, or other related parties during the reporting period[93]. - The semi-annual financial report has not been audited[96]. - There are no major litigation or arbitration matters during the reporting period[98]. - The company has no penalties or rectification situations during the reporting period[99]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[153]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 50,813, with the largest shareholder holding 15.56% of shares[146]. - The total number of shares is 933,986,674, with 99.99% being unrestricted shares[142]. - The largest shareholder, Yuan Zhongxue, holds 145,308,486 shares, representing 15.56% of the total[151].