huasi(SZ:002494)2019-08-21 16:00Financial Performance - The company's operating revenue for the first half of 2019 was RMB 236,435,419.63, representing a 9.02% increase compared to RMB 216,880,358.23 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was RMB 12,060,317.08, a 2.25% increase from RMB 11,795,267.77 year-on-year[19]. - The total profit amounted to ¥14,024,089.36, reflecting a growth of 16.00% year-on-year[36]. - The basic earnings per share for the reporting period was RMB 0.0315, reflecting a 2.94% increase from RMB 0.0306 in the same period last year[19]. - The company reported a net profit of approximately 21.86 million yuan for the current period, reflecting a significant increase in comprehensive income[144]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 28.91%, reaching RMB -176,193,959.82, compared to RMB -247,848,962.73 in the previous year[19]. - The total cash inflow from operating activities was CNY 193,691,950.25, down from CNY 317,448,014.55 in the previous year[128]. - The cash flow from investment activities resulted in a net outflow of -¥9,465,566.97, an improvement from -¥54,341,130.91 in the first half of 2018, indicating a positive change of about 83%[130]. - The total cash and cash equivalents at the end of the period were ¥159,382,246.94, down from ¥266,704,177.27 at the end of the first half of 2018, a decline of approximately 40%[131]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 2,460,516,585.99, a decrease of 3.99% from RMB 2,562,789,231.73 at the end of the previous year[19]. - The company's current assets totaled RMB 1,200,481,861.52, down from RMB 1,289,573,804.03 at the end of 2018, indicating a decline of approximately 6.8%[112]. - Total liabilities as of June 30, 2019, were CNY 463,138,828.07, down from CNY 481,017,828.86 at the end of 2018, indicating a reduction of 3.5%[118]. - Long-term borrowings increased significantly by 3.70% to RMB 184,000,000.0, due to new long-term financing[45]. Research and Development - The company invested ¥6,437,721.25 in R&D, a decrease of 7.24% compared to the previous year[38]. - The company aims to enhance R&D investment and focus on high-value products to mitigate risks from increased market competition and rising labor costs[56][57]. Market and Business Strategy - The company plans to focus on the development of the fur fashion industry and enhance its service platform to support the deep processing of animal fur and the design and manufacturing of fur clothing and accessories[27]. - The company established the Huasi Fur Town, which includes various facilities such as a one-stop winter clothing shopping center and an e-commerce incubation park[36]. - The company plans to focus on expanding its market presence and developing new products in the upcoming quarters[140]. Shareholder and Equity Information - The company repurchased a total of 8,250,100 shares, accounting for 2.1398% of the total share capital, with a total payment of RMB 50,003,856.10[93]. - The largest shareholder, He Guoying, holds 31.31% of the shares, amounting to 120,720,374 shares, with 30,180,093 shares pledged[95]. - The total number of shares after the recent changes is 385,560,800, with 23.48% being restricted shares and 76.52% being unrestricted shares[92]. Compliance and Environmental Responsibility - The company has maintained compliance with environmental regulations, with all pollutants meeting discharge standards[82]. - The comprehensive wastewater treatment facility has a processing capacity of 1600m³/d and operates normally[82]. - The company has established pollution prevention facilities that are operating normally[82]. Financial Reporting and Governance - The financial report for the first half of 2019 was not audited[109]. - The financial statements were approved by the board of directors on August 21, 2019[156]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect a true and complete picture of its financial status and operations[159].