JMC(SZ:200550)2024-08-29 11:17Financial Performance - The company's operating revenue for the first half of 2024 reached ¥17,920,065,801, representing a 16.14% increase compared to ¥15,429,372,309 in the same period last year[10]. - Net profit attributable to shareholders was ¥895,480,117, up 22.77% from ¥729,387,557 in the previous year[10]. - The net profit after deducting non-recurring gains and losses was ¥811,172,488, a significant increase of 94.19% compared to ¥417,729,211 in the same period last year[10]. - Basic earnings per share rose to ¥1.04, reflecting a 22.77% increase from ¥0.84 in the previous year[10]. - The total operating revenue for the first half of 2024 reached RMB 17.92 billion, a 16.2% increase from RMB 15.43 billion in the same period of 2023[75]. - The net profit attributable to shareholders of the parent company was RMB 895.48 million, up 22.8% from RMB 729.39 million year-on-year[75]. - The total profit for the first half of 2024 amounted to RMB 553.92 million, a rise of 56.2% from RMB 355.08 million in the previous year[75]. Assets and Liabilities - Total assets at the end of the reporting period were ¥29,874,677,888, a 2.52% increase from ¥29,141,187,886 at the end of the previous year[10]. - The company's total liabilities reached RMB 19.87 billion, up from RMB 19.16 billion at the end of 2023, indicating an increase of 3.7%[74]. - Current assets totaled RMB 19.88 billion, compared to RMB 19.38 billion at the end of 2023, reflecting a growth of 2.6%[73]. - The total equity attributable to shareholders increased to RMB 8.54 billion from RMB 8.23 billion, showing a growth of 3.8%[74]. - The cash and cash equivalents decreased to RMB 11.04 billion from RMB 11.83 billion, a decline of 6.6%[73]. - The total accounts receivable as of June 30, 2024, was RMB 4,837,351,925, compared to RMB 4,529,566,682 as of December 31, 2023, indicating an increase of 6.79%[158]. Cash Flow - The company reported a net cash flow from operating activities of ¥733,329,677, down 55.75% from ¥1,657,148,337 in the previous year[10]. - In the first half of 2024, Jiangling Motors reported a net cash flow from operating activities of RMB 733,329,677, a decrease of 55.8% compared to RMB 1,657,148,337 in the same period of 2023[76]. - Jiangling Motors' cash outflow from financing activities decreased to RMB 1,819,616,234 from RMB 2,919,193,863 in the first half of 2023, indicating improved cash management[76]. Research and Development - The company has invested ¥802,077,814 in R&D, which is a decrease of 26.02% compared to the previous year[18]. - Research and development expenses decreased to RMB 617.24 million, down 17.5% from RMB 748.14 million in the first half of 2023[75]. - The company’s internal R&D expenses for the first half of 2024 included RMB 371,085,867 in salaries and benefits, an increase of 5.4% from RMB 351,747,851 in the same period of 2023[198]. Market and Sales Performance - The company's operating income from complete vehicles reached ¥16,234,132,009, accounting for 90.59% of total revenue, with a year-on-year growth of 21.76%[19]. - The sales volume of the company's light commercial vehicles maintained a leading market share, with a total export volume of 52,989 units, reflecting a growth of 5.9% year-on-year[16]. - The production and sales of new energy vehicles reached 492.9 thousand and 494.4 thousand units, respectively, with year-on-year growth rates of 30.1% and 32%[15]. Environmental and Social Responsibility - The company processed approximately 360,000 tons of wastewater in the first half of 2024, meeting national discharge standards[41]. - The company achieved a 23.7% reduction in hazardous waste disposal per unit compared to 2023[41]. - The company donated CNY 2 million to the China Rural Development Foundation in the first half of 2024[47]. - The company helped local villages by purchasing over 4,000 jin of rapeseed oil and 43,000 jin of yellow peaches in the first half of 2024[47]. Shareholder Information - The total number of shares after the recent changes is 863,214,000, with 99.91% being unrestricted shares[64]. - The largest shareholder, Nanchang JMC Investment Co., Ltd., holds 354,176,000 shares, representing 41.03% of the total shares[66]. - Ford Motor Company is the second-largest shareholder with 276,228,394 shares, accounting for 32.00% of the total shares[66]. Risk Management - The management highlighted potential risks and countermeasures in the report, urging investors to pay attention to investment risks[1]. - The company aims to focus on customer-centric strategies to explore new business growth points amid industry changes[29]. Corporate Governance - The semi-annual financial report has not been audited[72]. - The report indicates that there were no changes in the controlling shareholder or actual controller during the reporting period[69]. - The company has not engaged in any significant asset or equity sales during the reporting period[27].