维尔利(300190) - 2019 Q2 - 季度财报

Financial Performance - Total revenue for the first half of 2019 reached ¥1,122,092,026.21, representing a 25.33% increase compared to ¥895,344,909.35 in the same period last year[20]. - Net profit attributable to shareholders was ¥156,685,474.97, up 45.26% from ¥107,863,280.87 year-on-year[20]. - The net profit after deducting non-recurring gains and losses was ¥148,034,213.78, reflecting a 50.52% increase from ¥98,349,013.75 in the previous year[20]. - Basic earnings per share increased to ¥0.200, a rise of 44.93% compared to ¥0.138 in the same period last year[20]. - The operating profit for the same period was ¥167,932,555.71, reflecting a growth of 34.30% compared to the previous year[42]. - The company achieved operating revenue of ¥1,122,092,026.21, a year-on-year increase of 25.33%[42]. - The company reported a total comprehensive income of CNY 153,196,131.30, up from CNY 112,358,492.49 in the previous year, reflecting an increase of 36.4%[171]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥7,416,074,426.45, a 2.82% increase from ¥7,212,673,349.94 at the end of the previous year[20]. - Total liabilities as of June 30, 2019, were CNY 3,580,829,613.13, compared to CNY 3,488,594,321.01 at the end of 2018, showing an increase of about 2.65%[162]. - The company's equity attributable to shareholders reached CNY 3,735,480,147.52, up from CNY 3,618,974,456.09, indicating a growth of approximately 3.23%[162]. - Accounts receivable increased to RMB 1,293.32 million, accounting for 17.44% of total assets, up from 15.81% in the previous year[54]. - Short-term loans increased significantly to RMB 744.35 million, which is 10.04% of total assets, up from 1.68% in the previous year[54]. Cash Flow - The net cash flow from operating activities was negative at -¥170,934,005.05, worsening by 58.62% compared to -¥107,763,368.72 in the same period last year[20]. - The net cash flow from financing activities improved by 132.04%, reaching RMB 75,292,580.17, due to increased bank loans[50]. - The company's cash and cash equivalents decreased to CNY 743,212,793.84 from CNY 1,102,666,870.20, reflecting a decline of approximately 32.60%[159]. - The net cash flow from financing activities was positive at approximately ¥75.29 million in the first half of 2019, a recovery from a negative cash flow of -¥235.01 million in the same period of 2018[179]. Business Operations and Strategy - The company focuses on the resource utilization and harmless treatment of organic waste, aiming to provide high-cost performance engineering technology and operational services[27]. - The company has developed various business models including EPC, O&M, EMC, BOT, and equipment sales, with EPC and O&M being the primary models for new orders in the first half of 2019[28]. - The company has been actively developing its research and development capabilities, establishing a group-level industrial research institute to enhance innovation and resource allocation[45]. - The company is focusing on expanding its market share in waste leachate treatment and kitchen waste processing, leveraging favorable government policies[43]. - The company has established a comprehensive service model covering wastewater treatment, solid waste treatment, and industrial energy-saving solutions, with over 100 projects undertaken[37]. Research and Development - Research and development investment rose by 48.24% to RMB 38,247,946.19, reflecting the company's commitment to innovation[49]. - The company has strengthened its existing business by optimizing processes and developing new technologies in the oil and gas recovery sector[37]. - The company has a strong technological advantage in leachate treatment, having completed over 200 projects and continuously optimizing treatment processes to improve recovery rates and reduce costs[32]. Investments and Projects - The company plans to allocate a total of RMB 134.39 million for waste management and engineering projects, with RMB 84.39 million for concession projects and RMB 50 million for engineering projects[61]. - The company has committed 21,260 million CNY to repay non-public bonds, achieving a 100% completion rate[67]. - The company has initiated the expansion of the Changshu Second Household Waste Incineration Power Plant, with a projected investment of 1,630 million CNY[67]. - The company has reported a total investment of 112,256 million CNY for various projects, with a completion rate of 100% for some initiatives[67]. Shareholder and Equity Information - The company has completed the repurchase of 30,327,873 shares, accounting for 3.73% of the total share capital, with a total transaction amount of approximately ¥155.41 million[134]. - The largest shareholder, Changzhou Dezhe Industrial Investment Co., Ltd., holds 41.53% of shares, totaling 325,472,256 shares[143]. - The total number of shareholders is not specified, but the report indicates a diverse ownership structure among executives[141]. - The company has a significant number of shares held by executives, indicating strong management alignment with shareholder interests[140]. Compliance and Governance - The company has no major litigation or arbitration matters during the reporting period[98]. - The company has not engaged in any significant related party transactions during the reporting period[102]. - The company has established a long-term commitment to avoid competition and regulate related transactions[95]. - The company has ensured that commitments made to minority shareholders are fulfilled in a timely manner[95].