Der(SZ:002631)2019-08-29 16:00Financial Performance - The company reported a total operating revenue of RMB 816,383,193.41, representing a 3.77% increase compared to the same period last year[18]. - Net profit attributable to shareholders decreased by 25.32% to RMB 61,018,228.18 from RMB 81,708,287.14 in the previous year[18]. - The net profit after deducting non-recurring gains and losses fell by 41.44% to RMB 46,952,639.53[18]. - Operating profit decreased by 37.25% to RMB 64.60 million, while total profit fell by 35.06% to RMB 68.16 million[38]. - The company reported a decrease in net cash and cash equivalents by 42.38%, totaling ¥152,754,265.67 compared to ¥265,084,747.14 in the previous year[40]. - The net profit attributable to the parent company for the first half of 2019 was CNY 61,018,228.18, a decrease of 25.5% compared to CNY 81,708,287.14 in the same period of 2018[152]. - The total comprehensive income for the first half of 2019 was CNY 40,648,163.45, down from CNY 65,287,504.61 in the first half of 2018, indicating a decrease of 37.8%[157]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at RMB -24,902,591.86, a decline of 576.54% compared to the previous year[18]. - The net cash flow from investing activities also saw a decline of 400.00%, amounting to -¥426,562,922.25, attributed to longer-term financial product maturities[40]. - The net cash flow from financing activities increased by 413.49% to ¥604,219,779.78, mainly due to cash received from the issuance of convertible bonds[40]. - The cash inflow from operating activities totaled CNY 905,477,817.11 for the first half of 2019, compared to CNY 885,483,467.73 in the same period of 2018, showing a slight increase of 2.1%[158]. - The cash outflow from operating activities was CNY 930,380,408.97 for the first half of 2019, up from CNY 880,257,767.70 in the same period of 2018, reflecting an increase of 5.7%[160]. - The total cash inflow from investment activities was 637,848,822.25 RMB, down from 1,082,364,776.72 RMB in the previous year, reflecting a decline of 41.1%[164]. Assets and Liabilities - The company’s total assets increased by 24.45% to RMB 3,200,566,551.05 compared to the end of the previous year[18]. - The company's asset-liability ratio increased to 40.72%, up from 31.86% in the previous year, reflecting a rise of 8.86%[130]. - The total liabilities increased to CNY 1,263,425,271.37, up from CNY 763,993,992.81 at the end of 2018[147]. - The total assets at the end of the period amounted to 679.12 million, with a notable increase in cash reserves[169]. - The total owner's equity at the end of the reporting period was 1.765 billion, reflecting a decrease of 5.03%[173]. Research and Development - Research and development expenses surged by 158.45% to ¥21,278,946.38, primarily due to upgrades in raw materials and product updates[40]. - The company is investing in research and development to innovate and improve product offerings, aiming for a competitive edge in the market[168]. - The research and development expenses for the first half of 2019 were CNY 4,240,372.63, slightly down from CNY 4,377,240.08 in the same period of 2018[155]. Strategic Initiatives - The company launched new product lines including "万象", "视界Plus", and "奇遇" aimed at younger consumers during the reporting period[26]. - The company is transitioning from a product supplier to a comprehensive solution provider in the flooring industry as part of its 2020 strategy[26]. - The company plans to focus on the "big home" strategy and cultivate new materials to enhance its market position[26]. - The company is actively expanding its graphene research and application capabilities, collaborating with Nobel laureate Konstantin Novoselov to establish a new materials technology company[38]. - The company aims to enhance its market expansion strategies, focusing on new product development and technological advancements[168]. Shareholder and Equity Information - The company does not plan to distribute cash dividends or issue bonus shares for the reporting period[6]. - The total number of ordinary shareholders at the end of the reporting period was 50,079, with the largest shareholder, Del Group, holding 53.33% of the shares[112]. - The company completed the initial grant of 17.386 million restricted stock at a price of RMB 4.77 per share as part of its 2018 incentive plan[81]. - The company approved the grant of 1.323 million reserved restricted stocks at a price of RMB 4.44 per share to 41 eligible participants on April 30, 2019[82]. Market and Revenue Insights - The revenue from the home furnishing sector accounted for 99.14% of total revenue, with a 4.17% increase year-on-year[43]. - Export revenue skyrocketed by 26,567.20%, driven by the expansion of custom cabinet sales in overseas markets[45]. - The new materials sector experienced a significant revenue decline of 58.94%, primarily due to decreased sales of graphene preparation equipment and services[45]. - The company aims to increase its market share through strategic acquisitions and partnerships in the upcoming quarters[168]. Compliance and Governance - The financial report was approved by the board of directors on August 29, 2019[182]. - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the financial position and operating results accurately[185]. - The company has not encountered any issues or other situations regarding the use and disclosure of raised funds[61].