NGL(SZ:002836)2019-08-21 16:00Financial Performance - The company's operating revenue for the first half of 2019 was CNY 214,225,420.19, representing a 140.67% increase compared to CNY 89,013,634.76 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 21,374,831.63, up 62.64% from CNY 13,142,609.82 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was CNY 21,235,153.77, reflecting a 91.40% increase from CNY 11,094,564.82 in the previous year[18]. - The net cash flow from operating activities reached CNY 71,027,104.39, a significant rise of 141.35% compared to CNY 29,429,199.47 in the same period last year[18]. - Basic earnings per share were CNY 0.13, up 62.50% from CNY 0.08 in the same period last year[18]. - The diluted earnings per share also stood at CNY 0.13, reflecting a 62.50% increase compared to CNY 0.08 in the previous year[18]. - The weighted average return on net assets was 4.92%, an increase of 1.79% from 3.13% in the same period last year[18]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 782,637,098.80, an increase of 48.60% from CNY 526,657,337.97 at the end of the previous year[18]. - The total liabilities increased to CNY 314,652,227.29 from CNY 89,993,353.80, marking a substantial rise of about 249.5%[118]. - The company's equity attributable to shareholders decreased to CNY 378,038,815.80 from CNY 436,663,984.17, a decline of approximately 13.4%[118]. - The company's long-term borrowings increased to RMB 69,825,000.00, primarily due to acquisition loans[46]. Revenue Segmentation - The packaging printing segment accounted for 98.10% of total revenue, with a year-on-year growth of 147.52%[39]. - Revenue from the East China region surged by 305.63% to RMB 115,864,179.06, while the gross profit margin improved to 30.13%[42]. - The Southwest region's revenue increased by 85.09% to RMB 77,475,731.15, with a gross profit margin of 36.45%[42]. Acquisitions and Investments - The company acquired 55.45% of Jiangsu Unicom Epoch Printing Co., Ltd., resulting in a significant increase in assets, including goodwill rising by RMB 114.00 million[27]. - The company completed a major acquisition of Jiangsu Liantong Jiyuan Printing Co., Ltd., with an investment of RMB 221,800,000.00, representing a 100% increase compared to the previous year[48]. - The company is actively working to expand into upstream and premium packaging sectors to ensure sustained growth[69]. Research and Development - The company’s R&D investment rose by 129.84% to RMB 10.93 million, reflecting a commitment to innovation and new product development[36]. - Research and development expenses increased to CNY 10,927,652.47, up 30.5% from CNY 4,754,533.27 in the first half of 2018[126]. Cash Flow and Financial Management - The cash flow from financing activities showed a net inflow of CNY 6.14 million, a recovery from a net outflow of CNY 39.95 million in the first half of 2018[136]. - The company reported a cash outflow from investing activities of CNY 110.65 million, which was a significant increase from CNY 9.93 million in the same period of 2018[135]. - The company paid CNY 82.31 million in dividends and interest during the first half of 2019, compared to CNY 39.99 million in the same period of 2018, indicating a rise of 106.0%[136]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,621[101]. - The largest shareholder, Yize Holdings Limited, holds 64.77% of the shares, totaling 103,632,000 shares[101]. - The total number of shares outstanding is 160,000,000[99]. Regulatory and Compliance - The company has not faced any penalties or corrective actions during the reporting period[81]. - The company has not engaged in any significant related-party transactions during the reporting period[83]. - The company has no significant doubts regarding its ability to continue as a going concern for the next 12 months[156]. Accounting Policies - The company adheres to the enterprise accounting standards, ensuring that its financial reports accurately reflect its financial status and operating results[158]. - The company measures financial assets at fair value, with changes recognized in other comprehensive income, and dividends (excluding recovery of investment cost) recognized in current profit or loss[168]. - Financial liabilities measured at fair value with changes recognized in profit or loss include trading financial liabilities and derivatives, with gains or losses from credit risk changes recorded in other comprehensive income[169].