JHSY(SZ:002597)2023-08-30 16:00Financial Performance - The company's revenue from food additives reached ¥1,508,540,518.70, a decrease of 32.05% year-on-year, with a gross margin of 33.99%[10] - Revenue from bulk chemicals was ¥853,785,587.61, down 18.81% year-on-year, with a gross margin of 8.20%[10] - Domestic sales accounted for ¥1,974,589,822.64, representing 73.82% of total revenue, while international sales were ¥700,230,638.08, accounting for 26.18%[10] - The company reported a significant increase in revenue from pharmaceutical intermediates, which rose by 108.76% year-on-year to ¥60,134,927.47[10] - The company reported a revenue of 1.5 billion CNY for the first half of 2023, representing a year-on-year increase of 15%[82] - The net profit attributable to shareholders for the same period was 300 million CNY, up 20% compared to the previous year[82] - The company reported a total revenue of 3,526.84 million CNY for the reporting period, with a significant portion attributed to related party transactions[114] Environmental Management - The company is focusing on enhancing safety and environmental management, with increased investments in safety production conditions and employee training[4] - The company is subject to environmental regulations, with total emissions of 836 kg for particulate matter and 1,713 kg for sulfur dioxide, all within compliance limits[51] - The company reported a total of 2,994.9 kg/a of ethanol emissions, exceeding the standard limit of 50 mg/Nm³[53] - The total annual emissions of non-methane total hydrocarbons reached 6,019.2 kg/a, with a limit of 70 mg/Nm³[55] - The company has a wastewater treatment facility with a capacity of 200 m³/d, ensuring compliance with local discharge standards[56] - The company conducted multiple emergency response drills for environmental incidents in the first half of 2023[57] - The company signed a contract with a third-party testing agency for environmental monitoring of wastewater, waste gas, and noise[58] - The company received environmental impact assessment approval for a project to produce 5,000 tons of sucralose on May 6, 2023[63] - The company invested CNY 27.652 million in environmental governance and protection in the first half of 2023[74] - The total environmental tax paid by the company amounted to CNY 123,300, covering factors such as ammonia, nitrogen oxides, smoke, and sulfur dioxide[74] - The company operates four wastewater treatment facilities with a total capacity of 12,600 tons per day, ensuring compliance with local discharge standards[71] - The company has 80+ air pollution control devices, enhancing its ability to manage emissions effectively[73] - The company reported a total annual sulfur dioxide emission of 76,970 kg from its 130-ton boiler, adhering to ultra-low emission standards[70] - The company achieved a total annual nitrogen oxide emission of 109,960 kg from its 130-ton boiler, in line with environmental regulations[70] - The company’s wastewater discharge meets the standards set by the local wastewater treatment plant, ensuring no adverse environmental impact[71] - The company has implemented a comprehensive monitoring system for wastewater, connecting to the Anhui Provincial Ecological Environment Department's platform[71] - The company’s air emissions from the 2 waste boiler include 49,050 kg of sulfur dioxide annually, complying with national standards[70] - The company maintains stable operation of its environmental protection facilities, ensuring effective treatment of waste[70] Corporate Governance and Management - The company has implemented a flat governance structure and efficient decision-making processes to improve operational management capabilities[8] - The company has not disposed of any significant assets during the reporting period, indicating stability in its asset management[17] - The company has no administrative penalties related to environmental issues during the reporting period[96] - The company has no significant litigation or arbitration matters during the reporting period[112] - There were no violations regarding external guarantees during the reporting period[110] - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[119] - The company’s half-year financial report has not been audited[122] - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[109] - The company has maintained a stable relationship with its controlling shareholders and related parties, with no overdue commitments[108] Research and Development - The company is committed to continuous innovation in production processes and technology to maintain competitive advantages in the market[5] - Investment in R&D increased by 25% to 150 million CNY, focusing on low-carbon technologies and sustainable materials[82] Shareholder Information - The company announced a cash dividend of RMB 8.00 per 10 shares, totaling RMB 440,825,060.00, based on a total share base of 551,031,325 shares after excluding repurchased shares[156] - The company successfully granted 2.732 million shares under the 2022 restricted stock incentive plan to 25 participants, with the grant date on October 31, 2022[160] - As of June 30, 2023, the company's total share capital increased to 560,928,666 shares, with a cumulative conversion of 10,468 shares from convertible bonds during the reporting period[161] - The company repurchased 7,395,319 shares, accounting for 1.32% of the total share capital, with a total transaction amount of RMB 199,771,507.27, at prices ranging from RMB 25.34 to RMB 30.70 per share[170] - Basic earnings per share were reported at RMB 0.73, while diluted earnings per share were RMB 0.72, reflecting slight increases from the previous year[163] - The company’s net asset per share attributable to ordinary shareholders was RMB 12.33, up from RMB 12.21 year-over-year[163] - The company’s total number of shareholders and shareholding structure were disclosed, indicating a diverse ownership base[164] - The top ten shareholders include Anhui Jinhe Industrial Co., Ltd. with a shareholding of 10,102,337 shares, representing 1.80%[177] - The largest shareholder, Anhui Jinrui Investment Group Co., Ltd., holds 250,487,223 shares, accounting for 44.66% of total shares[183] - The total number of common shareholders at the end of the reporting period is 52,913[183] - The second phase of the core employee stock ownership plan holds 6,665,400 shares, representing 1.19%[183] - Hong Kong Central Clearing Limited decreased its holdings by 8,396,021 shares, now holding 7,170,771 shares, which is 1.28%[183] - There were no changes in the shareholding of directors, supervisors, and senior management during the reporting period[192] - The company does not have any corporate bonds or enterprise bonds during the reporting period[196][197] - The conversion price of Jinhe convertible bonds was adjusted from 22.96 RMB/share to 22.42 RMB/share on April 16, 2020, and further adjusted to 21.97 RMB/share on May 21, 2021[199] - The company has a repurchase special account holding 10,102,337 shares, which is not included in the top ten shareholders list[177] - The company is unaware of any related party relationships or concerted actions among the other shareholders[185] Future Outlook - The company plans to launch two new products in Q3 2023, aiming to capture a 5% market share in the new segment[82] - Future guidance estimates a revenue growth of 12% for the full year 2023, projecting total revenue to reach approximately 3.2 billion CNY[82] - The company is expanding its market presence in Southeast Asia, targeting a 10% increase in sales from this region by the end of 2023[82] - The company aims to reduce carbon emissions by 30% by 2025 through innovative production processes and the use of bio-based materials[99]