SESPACE(SZ:002135)2023-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2023 was ¥6,536,599,380.08, representing an increase of 8.03% compared to ¥6,050,687,707.75 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 25.34% to ¥221,662,388.14 from ¥296,908,153.20 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥210,014,403.03, down 16.31% from ¥250,941,918.63 in the same period last year[20]. - Basic earnings per share decreased by 26.92% to ¥0.19 from ¥0.26 in the same period last year[20]. - The total comprehensive income for the first half of 2023 was CNY 223,503,975.79, a decrease of 25.0% from CNY 298,012,696.05 in the same period of 2022[192]. - The company's total profit for the first half of 2023 was CNY 263,748,222.54, a decrease of 24.4% from CNY 349,142,073.24 in the same period of 2022[1]. - The company's operating profit for the first half of 2023 was CNY 263,592,894.78, down 24.1% from CNY 347,581,117.21 in the previous year[1]. - The company's financial expenses increased to CNY 48,916,199.69, up 38.9% from CNY 35,206,761.79 in the previous year[1]. - The company reported a significant increase in cash generated from financing activities, which rose by 979.29% to approximately ¥635.13 million, compared to ¥58.85 million in the same period last year[66]. Assets and Liabilities - Total assets at the end of the reporting period were ¥19,091,963,596.47, an increase of 8.94% from ¥17,524,447,829.86 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company increased by 1.72% to ¥6,299,052,650.76 from ¥6,192,451,319.83 at the end of the previous year[20]. - Current liabilities totaled CNY 11,724,080,935.09 as of June 30, 2023, an increase of 16.31% from CNY 10,076,837,589.54 at the start of the year[184]. - Long-term borrowings decreased to CNY 975,849,892.18 from CNY 1,160,883,972.39, representing a decline of 15.87%[184]. - The total liabilities as of June 30, 2023, were CNY 12,749,204,585.52, compared to CNY 11,289,987,152.37 at the beginning of the year, marking an increase of 12.93%[184]. Cash Flow - The net cash flow from operating activities improved by 23.86%, reaching -¥575,055,019.50 compared to -¥755,309,598.20 in the previous year[20]. - Operating cash inflow for the first half of 2023 was CNY 6,036,839,369.23, an increase of 6.37% from CNY 5,676,270,490.65 in the same period of 2022[197]. - The total cash and cash equivalents at the end of the first half of 2023 was CNY 873,064,566.96, down from CNY 1,150,082,810.27 at the end of the first half of 2022[198]. - The net increase in cash and cash equivalents for the first half of 2023 was -CNY 43,337,265.04, an improvement from -CNY 774,904,800.82 in the same period last year[198]. Industry Outlook - The steel structure industry is expected to maintain stable growth, driven by government investment in infrastructure and policies promoting green building practices[29]. - By 2025, the proportion of prefabricated buildings in new urban constructions is projected to reach 30%, with a focus on green, low-carbon construction methods[31]. - The company anticipates that the EPC (Engineering, Procurement, and Construction) model will enhance industry concentration, benefiting larger firms with competitive advantages[32]. - The integration of digital technologies and smart construction practices is expected to drive high-quality development in the steel structure manufacturing sector[33]. Research and Development - Research and development expenses rose by 19.71% to approximately ¥208.22 million, up from ¥173.94 million in the previous year[66]. - The company has established 15 innovation platforms and has collaborated with several prestigious universities to enhance its technological capabilities[59]. - The company holds over 480 patents, including 106 invention patents, enhancing its competitive edge in the steel structure industry[55]. Environmental Compliance - The company strictly adheres to environmental protection laws and regulations, ensuring compliance with national emission standards[110]. - The company has obtained environmental management system certification and has received pollution discharge permits for its operations[111]. - The company reported that its main pollutant emissions are within the allowable limits, with a specific emission rate of 7.72 mg/m3 for non-methane total hydrocarbons, well below the standard of ≤80 mg/m3[112]. - The company has invested in two sets of VOCs treatment facilities, utilizing "activated carbon adsorption + catalytic combustion" technology, ensuring compliance with environmental regulations[116]. Legal Matters - The company is involved in a lawsuit against China Railway Third Bureau Group, claiming an amount of CNY 99.74 million for overdue project payments[135]. - The company is also pursuing a claim against Hainan Guorui Investment Development Co., Ltd. for CNY 23.11 million, which is currently in the execution phase[135]. - The company is currently appealing a judgment related to a claim against Tianjin Dongnan Construction Engineering Co., Ltd. for CNY 17.08 million[136]. - The company is actively managing its legal disputes to recover overdue payments and protect its financial interests[135][136]. Strategic Initiatives - The company is actively expanding its sales channels and seeking stable domestic and international customers to improve operational efficiency[47]. - The company is focused on green development and aims to become a leader in green buildings, aligning with national strategies for low-carbon development[52]. - The company plans to issue convertible bonds, which have been approved by the board and shareholders, with a total amount of RMB 200 million allocated for this purpose[158]. - The company established a wholly-owned subsidiary, Zhejiang Southeast Future Construction Technology Co., Ltd., with an investment of RMB 200 million, aimed at strategic planning and business development[162].