Der(002631)2018-08-14 16:00Financial Performance - The company's operating revenue for the first half of 2018 was ¥786,688,910.31, representing a 12.94% increase compared to ¥696,551,747.90 in the same period last year[18]. - The net profit attributable to shareholders decreased by 21.68% to ¥81,708,287.14 from ¥104,328,799.35 year-on-year[18]. - Basic earnings per share fell by 18.75% to ¥0.13 from ¥0.16 in the same period last year[18]. - Operating profit was 102.95 million yuan, a decrease of 21.06% year-on-year[34]. - The company's net profit for the first half of 2018 was CNY 77,759,510.72, a decrease of 26.4% compared to CNY 105,470,750.64 in the same period of 2017[130]. - The total revenue for the period was reported at 1,617 million, reflecting a growth of 5.22% compared to the previous period[149]. Cash Flow and Liquidity - The net cash flow from operating activities significantly dropped by 95.27%, amounting to ¥5,225,700.03 compared to ¥110,368,400.43 in the previous year[18]. - Cash and cash equivalents increased by 105.17% primarily from the proceeds of the equity sale[27]. - The company's cash and cash equivalents increased to RMB 515,017,916.18 from RMB 251,023,476.94, representing a growth of approximately 105.5%[119]. - The total cash inflow from investment activities was 1,082,364,776.72, significantly higher than 423,319,063.03 in the previous period[142]. - The net cash flow from financing activities surged by 1,508.94% to ¥117,670,352.98, driven by new loans and capital contributions[40]. Assets and Liabilities - Total assets increased by 5.78% to ¥2,366,138,771.28 from ¥2,236,816,008.59 at the end of the previous year[18]. - The total assets at the end of the reporting period amounted to CNY 2,425,713,670.53, compared to CNY 2,392,146,116.85 at the beginning of the year[126]. - Total liabilities decreased to CNY 543,653,363.88 from CNY 646,598,074.85 at the beginning of the year, a reduction of approximately 15.93%[126]. - The company's non-current assets totaled RMB 832,208,583.33, down from RMB 1,038,210,474.34, representing a decrease of approximately 19.9%[120]. Investments and R&D - The company’s R&D investment decreased by 71.79% to ¥8,233,317.28, attributed to the completion of certain R&D projects[40]. - The company is focusing on the development of graphene new materials and expanding its marketing channels in this sector[34]. - The company is involved in the research and development of graphene-related products and new energy materials[157]. Strategic Initiatives - The company plans to issue A-share convertible bonds to raise funds for home and flooring projects[34]. - The company aims to establish five major production bases across China to better control logistics costs and serve the national market[34]. - The company is focusing on expanding its market presence and developing new products and technologies[51]. - The company has plans for future investments and strategic initiatives to enhance growth and profitability[51]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The registered capital of the company established by Suzhou Baidesheng and its partners is 50 million yuan, with Suzhou Baidesheng holding a 38% stake[83]. - The total equity attributable to the owners of the parent company at the end of the period was 650,480,000, an increase from the previous year's 632,400,000[149]. Risks and Challenges - The company faced significant risks and challenges, which are detailed in the report's section on risks and countermeasures[5]. - The company is focusing on dual business development strategies in the home furnishing and new materials sectors, which may increase operational management risks if not properly managed[64]. Corporate Governance - The company's half-year financial report has not been audited, indicating a need for careful internal review before finalizing financial statements[70]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[107]. - There were no changes in the board of directors, supervisors, or senior management personnel during the reporting period[113].