JSSH(SZ:000518)2015-08-18 16:00Financial Performance - The company's operating revenue for the first half of 2015 was CNY 108,698,999.38, a decrease of 17.53% compared to the same period last year[21]. - The net profit attributable to shareholders was CNY 4,096,891.98, representing an 82.08% decline year-on-year[21]. - The net profit after deducting non-recurring gains and losses was CNY 1,103,798.61, down 94.47% from the previous year[21]. - The net cash flow from operating activities was negative CNY 167,421,356.08, a significant decrease of 2,337.80% compared to the same period last year[21]. - The weighted average return on net assets was 0.80%, down from 3.33% in the previous year[21]. - The basic earnings per share decreased to CNY 0.0040, an 81.98% decline compared to the same period last year[21]. - The company reported a net loss of CNY 2.87 million for the current period, reflecting a decrease of 124.53% compared to the previous period[48]. - The total comprehensive income for the period was CNY 2,246,052.38, down from CNY 21,245,316.18, reflecting overall financial challenges[116]. - The total comprehensive income for the current period was a loss of CNY 3,727,929.91, compared to a loss of CNY 1,997,139.83 in the previous period, reflecting a worsening of approximately 86.7%[119]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 847,892,510.68, an increase of 3.64% from the end of the previous year[21]. - The company's total current assets increased to CNY 396,775,684.81 from CNY 348,625,967.93, representing a growth of approximately 13.5%[105]. - Inventory surged significantly to CNY 164,285,173.78, up from CNY 42,344,781.99, indicating an increase of about 287.5%[105]. - Total liabilities rose to CNY 124,054,520.38 from CNY 96,490,512.25, reflecting an increase of approximately 28.7%[107]. - The company's total assets reached CNY 847,892,510.68, compared to CNY 818,082,450.17 at the beginning of the period, marking a growth of about 3.4%[108]. - The company's cash and cash equivalents decreased to CNY 18,149,713.44 from CNY 34,747,081.43, a decline of approximately 47.8%[105]. - Accounts receivable increased to CNY 100,827,120.39 from CNY 84,334,453.12, showing a rise of about 19.6%[105]. - The total liabilities rose to CNY 240,199,225.01, compared to CNY 75,159,115.65, indicating a substantial increase in financial obligations[112]. Investments and Projects - The company plans to invest in the Xinjiang Aidi New Energy project, but faces challenges due to declining international oil prices and funding shortages[29]. - The total planned investment for the Xinjiang Aidi factory and production facilities is CNY 451.98 million, with CNY 76.9 million invested in the current reporting period and a cumulative actual investment of CNY 85.968 million, representing 19.02% project progress[50]. - The company made an external investment of ¥90,000,000.00 during the reporting period, marking a significant increase from the previous year[38]. - The company has made investments in new product development and technology, focusing on coal chemical products and catalysts[48]. Shareholder Information - The total number of shares after the recent changes is 1,029,556,222, with 100% being unrestricted shares[88]. - The largest shareholder, Guangzhou Shengjing Investment Co., Ltd., holds 40,000,000 shares, representing 3.89% of total shares[91]. - The second largest shareholder, Kunshan Chuangye Investment Co., Ltd., holds 31,785,868 shares, representing 3.09% of total shares[91]. - The total number of shareholders at the end of the reporting period is 178,062[90]. - There were no changes in the controlling shareholder or actual controller during the reporting period[93]. - The company did not distribute any dividends or profits to shareholders during this period[132]. Corporate Governance and Compliance - The company has not engaged in any asset acquisitions or sales during the reporting period[61][62]. - The company has not implemented any equity incentive plans during the reporting period[64]. - The company has not undergone any bankruptcy reorganization during the reporting period[60]. - The company has not reported any media controversies during the reporting period[59]. - The semi-annual financial report has not been audited[81]. - The company has experienced changes in its supervisory board, with new employee supervisors elected on June 12, 2015[100]. Accounting Policies - The company’s financial statements are prepared based on the going concern principle and comply with the relevant accounting standards[143]. - The company uses Renminbi as its functional currency for accounting[149]. - The company recognizes assets and liabilities acquired in business combinations at their book value on the merger date for same-control mergers[150]. - The company consolidates all subsidiaries under its control in its financial statements, reflecting the overall financial status and results of the group[154]. - The company recognizes impairment losses for financial assets if there is objective evidence of impairment, with specific methods for different types of financial assets[172]. - The company applies a provision for bad debts based on aging, with a 5% provision for accounts receivable within 1 year and 100% for those over 5 years[175].