BESTWAY(SZ:300008)2022-08-25 16:00Business Performance - The company's operating revenue for the reporting period was CNY 1,017,984,610.14, representing a year-on-year increase of 74.43%[40]. - The net profit attributable to shareholders of the listed company was CNY 40,010,732.96, an increase of 26.84% compared to the same period last year[40]. - The net profit after deducting non-recurring gains and losses was CNY 34,652,364.14, reflecting a growth of 23.90% year-on-year[40]. - The net cash flow from operating activities was CNY 346,977,075.65, a significant increase of 330.98% compared to the previous year[40]. - The total assets at the end of the reporting period amounted to CNY 3,179,313,456.67, up 29.73% from the end of the previous year[40]. - The net assets attributable to shareholders of the listed company were CNY 1,725,177,960.04, showing a slight increase of 2.85% compared to the previous year[40]. - The basic earnings per share were CNY 0.0232, which is a 26.78% increase from CNY 0.0183 in the same period last year[40]. Market and Business Strategy - In the first half of 2022, the company significantly increased its new order volume, focusing on offshore wind installation platforms, transport vessels, and marine engineering ships, capitalizing on the recovery of the international ship market[13]. - The company is actively adjusting its product structure and expanding its marine engineering business to mitigate risks associated with the cyclical nature of the international shipbuilding market[7]. - The company plans to enhance its research and development efforts across its three main business segments: marine engineering, defense equipment, and new energy, to improve core competitiveness and ensure stable growth[16]. - The company is pursuing strategic partnerships, such as its stake in Shan Jiao Tian Hai, to expand its energy trading business[13]. - The overall external environment for the company's development is improving, driven by the recovery of the international ship market and new requirements for national defense equipment[13]. Cost and Risk Management - The company reported that the domestic steel and raw material prices remain unstable, which, along with rising labor costs, is expected to impact the cost of ongoing projects[12]. - The company is focusing on cost control measures to reduce the impact of rising costs on its financial performance[12]. - The company is facing customer default risks due to global uncertainties, including the COVID-19 pandemic and geopolitical conflicts, and is enhancing contract management to mitigate these risks[11]. - The company emphasizes the importance of risk prevention strategies related to exchange rate fluctuations, particularly for export orders denominated in USD and EUR[8]. Research and Development - The company has a dedicated technical R&D team that collaborates with international partners for high-end projects, integrating mature foreign technologies with its engineering experience[55]. - The company has over 200 technology patents and has been recognized as a high-tech enterprise in Shanghai, with its ship design services awarded the "Shanghai Brand" certification[68]. - Research and development investment decreased by 6.11% to ¥30,361,083.80 from ¥32,335,790.08, indicating a slight reduction in R&D spending[78]. - The company is currently developing new defense products, which are in the research and development stage, and expects to generate orders in the future[82]. Defense Equipment - The defense equipment business includes the design and assembly of military auxiliary vessels and special defense equipment, with a focus on rescue and underwater security[59]. - The company aims to expand its military-civilian integration business, supported by a complete set of qualifications and a robust product structure[59]. - The company secured new orders in defense equipment, including products for maritime police ship repair, land rescue, and underwater security, such as towing ropes and diving equipment[60]. - The company has established a comprehensive military qualification system, enhancing its competitive edge in defense equipment and related fields[73]. Environmental and Social Responsibility - The company emphasized its commitment to environmental responsibility, stating that it does not belong to key pollutant discharge units and has not faced any administrative penalties for environmental issues during the reporting period[113]. - The company has implemented a training system for employees, focusing on both internal and external training to enhance employee skills and career development[119]. Financial Management and Compliance - The company will not distribute cash dividends, issue bonus shares, or convert reserves into share capital for the current period[17]. - The company has committed to avoiding direct or indirect competition with its controlled enterprises, ensuring compliance with industry competition regulations[122]. - The company has not disclosed any new product or technology developments in the reporting period, indicating a potential area for future growth[120]. - The company is actively working on compliance and transparency improvements following the regulatory scrutiny[179]. Legal Matters - The company is involved in ongoing litigation with various parties, with amounts in dispute totaling approximately 2,085,000 yuan and 934,260 yuan[159][162]. - The company has successfully defended against claims in multiple cases, resulting in favorable judgments[165][168]. - The company faced administrative penalties from the China Securities Regulatory Commission for false records in the 2017 annual report, resulting in a fine of 400,000 yuan[175]. - The company has initiated corrective measures following the administrative penalties, which may involve adjustments to previously reported financial statements[179].