BOE(SZ:200725)2019-08-26 16:00Financial Performance - The company's operating revenue for the reporting period was CNY 55,039,208,687, representing a 26.60% increase compared to CNY 43,473,904,966 in the same period last year[15]. - The net profit attributable to shareholders of the listed company decreased by 43.92% to CNY 1,668,448,449 from CNY 2,975,206,500 in the previous year[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 651,490,434, down 56.65% from CNY 978,868,759 in the same period last year[15]. - The basic earnings per share decreased by 43.53% to CNY 0.048 from CNY 0.085 in the previous year[15]. - The total comprehensive income for the period was CNY 2,605,824,061, which includes various adjustments and distributions[128]. - The company reported a net profit distribution of CNY -1,740,789,879 for the current period, indicating a significant loss compared to the previous year[128]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 317,061,830,609, an increase of 4.29% from CNY 304,028,491,385 at the end of the previous year[15]. - The total liabilities increased to CNY 192.57 billion from CNY 183.67 billion, an increase of about 4.9%[106]. - The company's equity attributable to shareholders increased to CNY 86,523,347,828 from CNY 85,856,748,703 at the end of the previous year[15]. - The company's long-term borrowings increased to ¥107,924,953,091, up from ¥83,261,644,214, primarily due to new project financing[41]. - The total equity attributable to the parent company at the end of the reporting period was CNY 84,809,816,377, with a minority interest of CNY 19,474,446,456, resulting in total equity of CNY 104,284,262,833[127]. Cash Flow - The net cash flow from operating activities was CNY 11,594,984,349, showing a slight increase of 0.12% compared to CNY 11,439,605,846 in the previous year[15]. - The total cash and cash equivalents at the end of the period was CNY 40.24 billion, a decrease from CNY 43.09 billion at the end of the first half of 2018[118]. - The cash inflow from investment activities was CNY 19.40 billion, down 58.6% from CNY 46.84 billion in the same period of 2018[118]. - The cash outflow for purchasing goods and services totaled CNY 50.37 billion, compared to CNY 31.79 billion in the previous year[117]. Research and Development - Research and development investment rose by 6.81% to ¥3,893,611,519, up from ¥3,645,381,340[36]. - Research and development expenses surged to ¥2,924,658,236 in the first half of 2019, compared to ¥1,600,194,723 in 2018, reflecting an increase of approximately 82.5%[111]. - The company has filed 4,872 new patent applications in the first half of the year, with over 35% being overseas patents[29]. Strategic Focus - The company continues to focus on its IoT transformation strategy, enhancing capabilities across seven business groups[22]. - The smart IoT segment offers solutions in smart retail, finance, and healthcare, leveraging AI and big data[24]. - The company aims to enhance its AMOLED global competitiveness and accelerate the development of its sensing business to improve profitability[52]. Environmental Compliance - The company has established a strict environmental management system, ensuring compliance with national and local environmental standards[76]. - All construction projects have undergone environmental impact assessments and received necessary approvals[77]. - The company reported a total wastewater discharge of 218.102 tons with a COD concentration of 192.70 mg/L, well below the standard of 500 mg/L[74]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 1,499,878, with 1,460,087 A-share shareholders and 39,791 B-share shareholders[90]. - Beijing State-owned Capital Operation and Management Center holds 11.68% of shares, totaling 4,063,333,333 shares[92]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[94]. Legal Matters - The company is currently involved in a lawsuit with a claim amounting to approximately 284.71 million yuan, with proceedings ongoing in a higher court[58]. - The company reported a total of 91.82 million yuan in litigation matters for the first half of 2019, with no expected liabilities arising from these cases[59]. Corporate Governance - The company underwent a board restructuring on June 28, 2019, with several key personnel changes[99]. - The company appointed Chen Yanshun as the new chairman and Pan Jinfeng as the new vice chairman on June 28, 2019[99]. Accounting Policies - The financial statements comply with the accounting standards issued by the Ministry of Finance of the People's Republic of China and reflect the company's financial position as of June 30, 2019[138]. - The company does not have any significant changes in accounting policies or corrections of prior period errors during this reporting period[127].