CRUN(SZ:002272)2022-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥717,466,959.21, a decrease of 12.44% compared to ¥819,424,977.75 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥2,607,730.69, down 93.73% from ¥41,593,281.21 year-on-year[22]. - Basic earnings per share decreased by 93.74% to ¥0.0061 from ¥0.0974 in the same period last year[22]. - The net profit after deducting non-recurring gains and losses was -¥15,407,480.00, a decline of 145.11% compared to ¥34,154,529.16 in the previous year[22]. - The comprehensive gross margin was 19.53%, down 6.36% year-on-year[36]. - Net profit was 5.21 million yuan, a decline of 89.08% compared to the previous year[36]. - The total comprehensive income attributable to the parent company was CNY 2,612,034.17, down from CNY 41,592,448.03 in the previous year, indicating a decrease of about 93.7%[148]. - The total operating profit for the first half of 2022 was a loss of CNY 9,712,820.28, compared to a profit of CNY 588,876.47 in the first half of 2021[151]. Cash Flow and Assets - The net cash flow from operating activities improved by 52.42%, reaching -¥88,955,061.84 compared to -¥186,968,118.91 in the previous year[22]. - The company's total assets at the end of the reporting period were ¥3,020,830,846.67, reflecting a slight increase of 0.60% from ¥3,002,924,432.72 at the end of the previous year[22]. - The cash and cash equivalents decreased to CNY 222,095,392.67 from CNY 322,908,177.39, indicating a decline of about 31.2%[138]. - Accounts receivable increased to CNY 889,176,598.83 from CNY 753,919,881.25, representing a growth of approximately 17.9%[138]. - Inventory levels rose to CNY 464,120,862.64 from CNY 398,893,156.70, marking an increase of about 16.4%[138]. - The company reported a net cash outflow from investment activities of 32,139,031.77 RMB, contrasting with a net inflow of 2,529,653.78 RMB in the prior year[155]. Market and Industry Outlook - The wind power industry is expected to have a bidding capacity of 75 GW in 2022, with an anticipated installation of 60-65 GW in 2023[31]. - The market for energy-efficient and environmental protection equipment is projected to have significant growth potential, with recoverable waste heat resources estimated at 1.25 billion tons of standard coal[32]. - The company is focusing on providing comprehensive solutions for distributed energy power plants, including solar, wind, and biomass energy[31]. - The company plans to enhance market expansion strategies and invest in new product development to drive future growth[146]. Research and Development - The company has added 33 new R&D projects and filed 40 new patent applications during the reporting period[37]. - Research and development investment decreased by 34.59% to ¥19,506,229.12 due to ongoing project phases[44]. - The company is focusing on enhancing its research and development capabilities to innovate new technologies and products[165]. - Research and development expenses increased by 31.11%, reflecting the company's commitment to innovation[169]. Risk Factors - The company faces market risks, accounts receivable bad debt risks, and foreign exchange rate fluctuation risks[6]. - Accounts receivable increased due to sales growth, raising concerns about potential bad debt risks[67]. - The company holds foreign currency monetary assets and liabilities, which are subject to exchange rate fluctuations[67]. Corporate Governance and Shareholder Relations - The company emphasizes the protection of shareholder and creditor rights, ensuring equal treatment for all shareholders, especially minority shareholders[80]. - The company held its first extraordinary general meeting of 2022 on March 14, with an investor participation rate of 30.21%[70]. - The company plans not to distribute cash dividends or issue bonus shares for this period[6]. Operational Efficiency - The company has established long-term stable partnerships with well-known clients such as GE and Siemens, enhancing its market position[40]. - The company has received multiple quality certifications, including ISO9001 and CE certifications, ensuring a comprehensive quality management system[40]. - The company has multiple production bases across the country, optimizing processes and investing in smart manufacturing to meet growing customer demands[41]. Financial Management - The company reported a significant decrease in financial expenses by 21.72% to ¥12,072,825.19, attributed to reduced borrowing fees and exchange gains[44]. - The company reported a total of CNY 162,469,065.27 in restricted assets, primarily due to bank acceptance bill guarantees and performance bonds[57]. - The company has not engaged in any major related party transactions during the reporting period[93]. Future Guidance - The company has set a performance guidance for the next quarter, aiming for a revenue growth of approximately 10%[163]. - Future guidance indicates a continued upward trend in revenue and profitability, with expectations of further market expansion[169].