LEEJUN(SZ:002651)2024-08-26 07:56Financial Performance - The company's operating revenue for the first half of 2024 was ¥344,843,629.19, a decrease of 45.40% compared to ¥631,613,078.33 in the same period last year[11]. - The net profit attributable to shareholders for the first half of 2024 was ¥83,778,007.42, down 54.89% from ¥185,737,457.78 in the previous year[11]. - The net profit after deducting non-recurring gains and losses was ¥79,926,208.04, a decline of 54.88% compared to ¥177,153,142.42 in the same period last year[11]. - The net cash flow from operating activities was ¥117,446,357.83, which is a decrease of 19.22% from ¥145,393,238.08 in the previous year[11]. - The basic earnings per share for the first half of 2024 was ¥0.08, down 55.56% from ¥0.18 in the same period last year[11]. - The company's total revenue for the reporting period was ¥344,843,629.19, a decrease of 45.40% compared to ¥631,613,078.33 in the same period last year[26]. - The net profit for the reporting period was ¥83,778,007.42, down 54.89% from ¥185,737,457.78 in the previous year[27]. - The company's total comprehensive income for the first half of 2024 was CNY 84,366,752.40, a decrease of 55.8% compared to CNY 190,657,692.68 in the previous year[88]. Revenue Breakdown - The company's operating costs were CNY 199.03 million, down 44.09% year-on-year[22]. - The grinding system and its supporting equipment manufacturing business generated revenue of CNY 167.40 million, a decrease of 46.85% from the previous year[20]. - Revenue from cement roller presses and supporting products increased by 79.52% to CNY 61.87 million, driven by the delivery of previous year’s orders[20]. - Revenue from mining high-pressure roller mills decreased by 83.43% to CNY 20.93 million due to reduced market demand[21]. - The aerospace component manufacturing business reported revenue of CNY 177.44 million, down 43.96% year-on-year[20]. - The revenue from the cement roller press and its supporting equipment was ¥61,867,423.62, representing 17.94% of total revenue, an increase of 79.52% year-on-year[27]. - The revenue from aerospace component manufacturing was ¥177,100,588.28, accounting for 51.35% of total revenue, a decrease of 41.53% compared to the previous year[27]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,288,490,103.60, a slight decrease of 0.12% from ¥3,292,560,360.25 at the end of the previous year[11]. - The company's asset-liability ratio stood at 16.59%, indicating a stable asset structure[22]. - The total amount of restricted assets at the end of the reporting period was ¥495,625,477.89, including cash and other non-current assets[32]. - The total liabilities decreased to CNY 545,649,188.51 from CNY 595,661,737.89, representing a decline of approximately 8.4%[85]. - The company's total liabilities increased to CNY 373,457,853.75 in the first half of 2024, compared to CNY 360,155,633.79 in the same period of 2023[87]. Cash Flow and Investments - The cash and cash equivalents increased by CNY 59.42 million, up 133.62% year-on-year[22]. - The company reported a significant increase in cash and cash equivalents, with a net increase of ¥59,422,901.63, up 133.62% from ¥25,435,652.58 in the previous year[26]. - The total cash inflow from operating activities decreased to CNY 416.16 million, down 18.3% from CNY 509.11 million in the previous year[90]. - The company reported a cash outflow from investment activities of CNY 54.66 million, an improvement from CNY 123.85 million in the first half of 2023[90]. - The company reported a significant increase in financial income, with interest income rising to CNY 9.66 million from CNY 6.90 million, marking an increase of 40.5%[89]. Research and Development - The company's research and development investment was ¥16,761,343.11, a decrease of 9.28% from ¥18,476,237.53 in the previous year[26]. - Research and development expenses for the first half of 2024 were CNY 16,761,343.11, a decrease of 9.3% from CNY 18,476,237.53 in the same period of 2023[88]. - The company plans to continue investing in technology research and development to maintain its competitive edge in grinding technology[44]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[2]. - Major shareholders include He Yamin with 32.34% (334,219,997 shares) and He Jia with 28.04% (289,775,148 shares), collectively holding 60.38% of the company[75][76]. - The total number of shares before the change was 1,033,460,000, with 45.28% being restricted shares and 54.72% being unrestricted shares[74]. Compliance and Governance - The semi-annual financial report has not been audited[54]. - The company has not engaged in any significant related party transactions during the reporting period[56]. - The company has established quality and environmental management systems to ensure sustainable development and social responsibility[51]. - The company has not experienced any administrative penalties related to environmental issues during the reporting period[51]. Risk Factors - The company faces risks related to policy adjustments in the aerospace industry, which could adversely affect its military product business[42]. - Economic policy adjustments may impact the company's performance, particularly in sectors like cement production and mining, which are sensitive to infrastructure development[43]. Accounting Policies - The financial statements were prepared in accordance with the accounting standards issued by the Ministry of Finance and relevant regulations[97]. - The company recognizes expected credit losses for significant individual receivables that show credit impairment[117]. - The company employs a straight-line depreciation method for fixed assets, with varying useful lives and depreciation rates for different asset categories, ensuring systematic expense recognition[130][131].