JAHB(SH:603822)2024-08-30 09:27Financial Performance - The company's operating revenue for the first half of 2024 was ¥759,242,105.67, a decrease of 51.68% compared to ¥1,571,413,468.73 in the same period last year[12]. - The net profit attributable to shareholders of the listed company was -¥69,826,918.96, a decline of 288.08% from a profit of ¥37,125,206.08 in the previous year[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥70,824,016.06, down 324.24% from ¥31,584,537.01 in the same period last year[12]. - Basic earnings per share decreased by 288.70% to -0.9050 RMB per share compared to the same period last year[13]. - Net profit attributable to shareholders decreased by 288.08%, primarily due to a significant reduction in biomass energy export volume[13]. - The net profit for the first half of 2024 was a loss of CNY 69,245,458.67, contrasting with a net profit of CNY 38,117,010.64 in the same period of 2023[68]. - The total comprehensive income for the first half of 2024 was a loss of CNY 69,245,458.67, compared to a gain of CNY 38,117,010.64 in the same period of 2023[69]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥364,194,241.37, an increase of 24.95% compared to ¥291,482,390.49 in the previous year[12]. - Cash and cash equivalents at the end of the reporting period amounted to CNY 749.64 million, representing 14.74% of total assets, an increase of 366.74% from the previous year[21]. - The net cash flow from financing activities increased by 97.52% compared to the previous year, mainly due to an increase in borrowings[19]. - The company reported a decrease in cash flow from operating activities, reflecting challenges in maintaining liquidity during the first half of 2024[70]. - The company reported a cash balance of approximately ¥749.64 million at the end of the period, up from ¥160.61 million at the beginning[145]. - The company received cash from borrowings amounting to approximately ¥1.78 billion, compared to ¥1.04 billion in the previous year, an increase of about 71%[74]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,085,384,573.88, an increase of 43.66% from ¥3,539,873,436.91 at the end of the previous year[12]. - The total liabilities reached CNY 3,481,167,661.67, up from CNY 2,156,435,552.19, indicating a growth of 61.5%[62]. - The company's short-term borrowings reached CNY 1.77 billion, accounting for 34.89% of total liabilities, reflecting a 39.32% increase year-on-year[21]. - The total amount of guarantees related to shareholders, actual controllers, and their related parties is RMB 118,537.67 million[54]. - The total balance of construction in progress at the end of the period is CNY 1,741,929,893.37, up from CNY 993,789,804.41 at the beginning of the period, indicating a significant increase of approximately 75%[175]. Investments and Projects - The company has invested significantly in its subsidiary projects, leading to a net cash outflow from investment activities of CNY 934.11 million[19]. - The company plans to implement a project in Lianyungang with an annual production capacity of 500,000 tons of waste oil converted into bioenergy, which is expected to positively impact future profitability and development[24]. - The book value of the green energy biodiesel project at the end of the period is CNY 279,638,235.11, with a total investment of CNY 525,137,300.00, reflecting a completion rate of 46.24%[179]. - The book value of the 50,000 tons/year waste oil conversion project is CNY 1,391,360,424.10, with a total investment of CNY 2,745,670,000.00, indicating a completion rate of 67%[179]. Research and Development - Research and development expenses rose to CNY 22,491,733.03 in the first half of 2024, compared to CNY 20,214,003.96 in the same period of 2023, marking an increase of approximately 11.3%[66]. - The company has introduced 1 PhD and 16 master's degree holders to strengthen its talent pool[17]. - The company is actively involved in drafting industry standards for biodiesel, enhancing its technical leadership[16]. Environmental and Social Responsibility - The company donated 50,000 yuan to the Jiaxing Charity Federation in May 2024 as part of its efforts to support poverty alleviation and rural revitalization[41]. - The company has established emergency response plans for environmental pollution incidents and conducts regular drills to enhance response capabilities[37]. - The company aims for zero emissions and pollution through green manufacturing practices and efficient resource utilization[39]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period is 8,133[55]. - The largest shareholder, Tongxiang Shunchang Investment Co., Ltd., holds 29,835,498 shares, representing 38.67% of the total shares[56]. - The company has not experienced any changes in its total share capital or share structure during the reporting period[55]. Compliance and Governance - The company has not faced any administrative penalties related to environmental issues during the reporting period[39]. - There are no significant litigation or arbitration matters during the reporting period[49]. - The company has not received any penalties or corrective actions related to violations of laws and regulations during the reporting period[49]. Financial Instruments and Accounting Policies - Financial instruments are classified into three categories: financial assets measured at amortized cost, financial assets measured at fair value with changes recognized in other comprehensive income, and financial assets measured at fair value with changes recognized in profit or loss[102]. - The company assesses the degree of risk and rewards retained when transferring financial assets to determine whether to derecognize them[103]. - The company recognizes revenue when control of goods or services is transferred to the customer, either at a point in time or over time based on specific criteria[131].