Financial Position - As of June 30, 2024, total assets amounted to RMB 2,644,726,914.71, an increase of 1.3% from RMB 2,610,342,331.37 on December 31, 2023[7] - Current assets totaled RMB 1,780,480,650.76, slightly up from RMB 1,751,490,480.48, reflecting a growth of 1.7%[7] - Total liabilities rose to RMB 85,225,244.84, an increase of 5.6% from RMB 80,720,655.24[8] - Shareholders' equity attributable to the parent company increased to RMB 2,559,501,669.87, up from RMB 2,529,621,676.13, reflecting a growth of 1.2%[8] - The total equity attributable to shareholders at the end of the first half of 2024 was RMB 2,559,501,669.87, compared to RMB 2,529,621,676.13 at the end of the previous year, reflecting a slight increase[18]. Cash Flow and Investments - Cash and cash equivalents decreased significantly to RMB 241,227,468.43 from RMB 544,174,213.28, a decline of 55.7%[7] - Cash flow from operating activities for the first half of 2024 was RMB 319.91 million, a decrease of 25.7% from RMB 429.94 million in the first half of 2023[14] - Total cash inflow from investment activities in the first half of 2024 was RMB 1.63 billion, significantly lower than RMB 3.41 billion in the same period of 2023[14] - The company reported a net cash outflow from investment activities of RMB 522.71 million in the first half of 2024, compared to a net outflow of RMB 349.31 million in the same period of 2023[14] - The company experienced a net cash outflow from operating activities of RMB -86,861,923.90, compared to a net inflow of RMB 146,834,274.19 in the same period of 2023, indicating a significant decline in operational cash flow[16]. Revenue and Profitability - Operating revenue for the first half of 2024 reached RMB 632.18 million, a 27% increase from RMB 497.65 million in the same period of 2023[11] - Net profit for the first half of 2024 was RMB 133.83 million, down 18% from RMB 163.57 million in the first half of 2023[11] - Basic earnings per share for the first half of 2024 were RMB 0.38, compared to RMB 0.46 in the same period of 2023[11] - The company experienced a decrease in total profit for the first half of 2024, which was RMB 134.02 million, down from RMB 168.29 million in the same period of 2023[11] - The company reported a significant increase in other income, totaling RMB 588.72 thousand in the first half of 2024, compared to RMB 2.54 million in the same period of 2023[11]. Research and Development - Research and development expenses for the first half of 2024 amounted to RMB 3.11 million, up from RMB 2.78 million in the first half of 2023[11] - Future outlook includes continued investment in research and development to enhance product offerings and market competitiveness[9]. Inventory and Receivables - Inventory decreased to RMB 582,824,153.21, down 35.4% from RMB 900,933,178.00[7] - Trade receivables increased to RMB 281,012,871.18, up 108.6% from RMB 134,443,005.81[7] - The provision for bad debts for accounts receivable is 7.54%, with a total provision amounting to RMB 22,911,364.62[164] - The total inventory at the end of the period is 583,398,981.52, compared to 901,315,481.78 at the beginning, representing a decline of approximately 35.4%[173]. Subsidiaries and Consolidation - The company has included 12 subsidiaries in its consolidated financial statements, an increase of one compared to the previous period[32] - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[45]. Employee Compensation and Provisions - Employee compensation includes various forms of remuneration, including short-term and post-employment benefits[126] - Provisions are recognized when there is a present obligation that is likely to result in an outflow of economic benefits and the amount can be reliably measured[131]. Taxation - The corporate income tax rate applicable to the company is between 15% and 25%[157] - The company’s income tax rate for domestic subsidiaries is 25%, while certain subsidiaries enjoy a reduced rate of 15% from 2021 to 2030[159]. Government Grants - The company reported a total of 1,100,000.00 in government grants related to income at the beginning of the period, which increased to 2,084,894.57 by the end of the period[200] - Government subsidies are classified into asset-related and income-related subsidies, with asset-related subsidies used for long-term asset acquisition[141].
安德利果汁(02218) - 2024 - 中期财报