ZJR(SZ:002021)2024-08-30 10:09Financial Performance - The company's operating revenue for the first half of 2024 was CNY 457,966,060.40, representing a 19.79% increase compared to CNY 382,306,105.61 in the same period last year[11]. - The net profit attributable to shareholders of the listed company reached CNY 17,821,192.43, a significant increase of 728.54% from a loss of CNY 2,835,327.60 in the previous year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 12,583,752.20, up 647.61% from a loss of CNY 2,297,932.55 in the same period last year[11]. - The basic earnings per share were CNY 0.0148, compared to a loss of CNY 0.0024 in the previous year, marking a 716.67% increase[11]. - The total operating revenue for the reporting period reached CNY 457,966,060.40, a 19.89% increase compared to CNY 382,306,105.61 in the same period last year[39]. - The company achieved a revenue of CNY 457.97 million in the first half of 2024, representing a year-on-year growth of 19.79%[31]. - The company reported a net cash flow from operating activities of CNY -327,989,153.34, a decline of 307.85% compared to CNY 157,803,229.03 in the previous year[11]. - The company reported a significant increase in cash paid for goods and services, amounting to CNY 638,906,102.21, compared to CNY 220,862,096.95 in the previous year[112]. - The company’s other income for the first half of 2024 was CNY 15,957.61, up from CNY 7,327.87 in the same period of 2023[110]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 929,476,459.54, a decrease of 42.80% from CNY 1,625,051,237.52 at the end of the previous year[11]. - The net assets attributable to shareholders of the listed company were CNY 635,681,867.40, reflecting a 2.86% increase from CNY 618,013,459.14 at the end of the previous year[11]. - The company reported a significant reduction in contract liabilities to ¥5,460,602.69, down from ¥14,313,918.84, a change of -0.29%[46]. - The company’s fixed assets were valued at ¥201,546,358, accounting for 21.68% of total assets, a decrease from 12.84% last year, a change of 8.84%[46]. - The total liabilities decreased to ¥12,138,594.02 from ¥17,586,505.13, a decline of 30.0%[107]. - The total cash and cash equivalents increased by 6,551,120.61 CNY in the first half of 2024, contrasting with a decrease of 1,114,506.26 CNY in the previous year[114]. Research and Development - The company invested CNY 16.45 million in R&D, marking a 35.08% increase due to higher personnel costs and material usage[36]. - The company is focusing on 23 key R&D projects, including noise reduction and human-machine interaction technologies[34]. - The company holds 493 valid patents, including 71 invention patents, and has filed 10 new patents in the first half of 2024[26]. Production and Operations - The company achieved a production capacity of approximately 800,000 industrial sewing machines annually, making it one of the largest production bases globally[16]. - The company’s industrial sewing machine production increased by 16.39% year-on-year, with a total output of 2.35 million units in the first half of 2024[19]. - The company has implemented significant upgrades to its production facilities, enhancing its annual production capacity to 800,000 sewing machine shells[27]. - The company has established a comprehensive quality control system, employing nearly 50 quality control personnel to oversee the entire production process[28]. Market and Sales - Domestic sales revenue increased by 41.08% to CNY 260,789,020.95, while overseas sales revenue saw a slight increase of 0.20% to CNY 197,177,039.45[42]. - The total export value of sewing machinery products reached 1.608 billion USD in the first half of 2024, reflecting a year-on-year growth of 10.15%[22]. - The sales revenue from sewing machine heads accounted for 91.66% of total revenue, amounting to CNY 419,782,843.89, with a gross profit margin of 16.41%[41]. Financial Management - The company plans not to distribute cash dividends or issue bonus shares for the first half of 2024[1]. - The company has reduced short-term borrowings significantly, leading to a 90.02% decrease in financial expenses[36]. - The company reported a net cash flow from financing activities of -CNY 98,785,598.07, reflecting a reduction in short-term borrowings to optimize the asset-liability structure, an increase of 778.40% year-on-year[38]. Environmental and Social Responsibility - The company has established an emergency response plan for environmental incidents, including a comprehensive emergency management structure[62]. - The company paid an environmental protection tax of CNY 2.11 million from January to June 2024[63]. - The company has implemented various employee welfare policies, including timely payment of social insurance and employee salaries[65]. - The company conducts regular training and development programs to enhance employee skills and career growth[65]. Legal and Compliance - The company has confirmed that it and its largest shareholder have not been included in the list of dishonest persons subject to enforcement[75]. - The company has not reported any administrative penalties related to environmental issues during the reporting period[64]. - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period[67]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,686, with significant shareholders including Yuhuan Hengjie and Guangzhou Rural Commercial Bank holding 10.75% and 8.77% respectively[91]. - The company plans to repurchase shares with a total amount not less than RMB 20 million and not exceeding RMB 40 million, at a price not exceeding RMB 2.96 per share, within 12 months from the approval date[90].