苏威孚B(200581) - 2022 Q2 - 季度财报(更正)

Financial Performance - The report includes a comprehensive analysis of the company's financial performance and key indicators for the first half of 2022[6]. - The total comprehensive income for the current period is 1,645,389,487.32 CNY, reflecting a decrease of 18,712,800.55 CNY compared to the previous period[96]. - The total revenue for the first half of 2022 was approximately CNY 2.41 billion, an increase from CNY 2.17 billion in the same period of 2021, representing a growth of about 11.1%[166]. - The company’s net profit attributable to shareholders was reported as a loss of CNY 1,513,341,439.50, indicating a significant decrease compared to the previous period[191]. - The comprehensive income for the current period amounts to CNY 909,178,628.46, contributing positively to the owner's equity[195]. Governance and Compliance - The management emphasizes the importance of accurate financial reporting and acknowledges potential risks in future operations[12]. - The company has committed to ensuring the authenticity and completeness of the financial report, taking legal responsibility for any misstatements[3]. - The company’s financial statements comply with the requirements of the accounting standards, reflecting a true and complete picture of its financial status and operating results[155]. - The board of directors has confirmed the attendance of all members at the meeting discussing the report[4]. Shareholder and Capital Structure - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves[5]. - The company has not disclosed any significant changes in shareholder structure or stock movements during the reporting period[7]. - The total owner's equity at the end of the reporting period is CNY 17,132,600,045.86, with a decrease of CNY 733,264,416.45 during the current period[195]. - The owner's equity at the end of the current period is 19,437,466,566.68 CNY, with a total decrease of 525,235,188.79 CNY during the period[93]. - The company’s total liabilities increased to CNY 1,804,481,411.00 from CNY 1,690,795,178.00, showing an increase of approximately 6.7%[186]. Assets and Liabilities - The company’s total assets at the end of the period were CNY 6,006,785,482.60, reflecting a stable asset base[188]. - The company’s total liabilities at the end of the reporting period are CNY 1,008,950,570.00[193]. - The company’s total assets at the end of the reporting period are CNY 18,978,483,653.70[193]. - The company’s accounts receivable totaled 2,907,347,658.13, with a bad debt provision of 81,465,304.70, representing a provision ratio of 1.76%[84]. Revenue Recognition - The company recognizes revenue from foreign sales upon customs clearance completion, based on the export date stated on the customs declaration[39]. - The company recognizes domestic sales revenue upon delivery and confirmation of goods with the buyer, transferring risks and rewards at that point[53]. - The company applies the expected value or most likely amount method to determine variable consideration in contracts with customers[38]. Inventory and Impairment - The company has reduced its inventory stock by 49,425,996.76 CNY, contributing to improved liquidity[93]. - The inventory balance at the end of the period is CNY 709,886,475.14, with a provision for inventory impairment of CNY 116,703,542.91[165]. - The company reported an increase in the provision for inventory impairment, with specific provisions based on the estimated net realizable value being lower than the book value[166]. Taxation - The company enjoys a preferential corporate income tax rate of 15% for high-tech enterprises[75]. - The company’s total tax rates include 25% for corporate income tax in Denmark and 20% in the United States[67]. - The company has benefited from a reduced corporate income tax rate of 15% for its operations in the western region, as per government policy[97]. Investments and Subsidiaries - The company has subsidiaries involved in manufacturing engine parts, automotive components, silencers, purifiers, and fuel cell components[179]. - The company has invested in new technologies, including fuel cell components, with subsidiaries like IRD Fuel Cells A/S and Borit Inc. focusing on this area[181]. - The investment in joint ventures and associates at the end of the period amounts to CNY 5,582,235,398.4, with an investment income recognized of CNY 824,615,542.59[150]. Cash and Liquidity - The company’s cash and cash equivalents were reported at 1,008,950,570.00, reflecting its liquidity position[69]. - The total cash and cash equivalents at the end of the period amounted to CNY 2,357,955,196.57, an increase from CNY 1,896,063,265.69 at the beginning of the period, representing a growth of approximately 20.4%[101]. - The cash held in overseas accounts totaled CNY 165,582,379.20, up from CNY 69,969,414.25 at the beginning of the period[101]. Risk Management - The management has indicated that future plans and projections are subject to market risks and uncertainties[12]. - The company reported a provision for bad debts based on the expected credit loss model, considering historical repayment data and macroeconomic indicators[62]. - The company has no significant factors affecting its ability to continue as a going concern within the next 12 months[157].