JSSH(000518)2016-08-23 16:00Financial Performance - The company achieved a revenue of ¥132,019,042.17, representing a year-on-year increase of 21.45%[21]. - The net profit attributable to shareholders was -¥4,914,240.13, a decline of 219.95% compared to the previous year[21]. - The net profit after deducting non-recurring gains and losses was -¥4,299,279.57, a decrease of 489.50% year-on-year[21]. - The net cash flow from operating activities improved to ¥30,637,387.74, a significant increase of 118.30% compared to the previous year[21]. - Total operating revenue for the first half of 2016 was CNY 132,019,042.17, an increase of 21.5% compared to CNY 108,698,999.38 in the same period of 2015[116]. - The net loss for the first half of 2016 was CNY 5,278,598.46, compared to a net profit of CNY 2,246,052.38 in the same period last year[116]. - The company reported a significant decrease in sales expenses, which dropped to CNY 188.68 from CNY 4,850.00 in the previous period[119]. - The total comprehensive income for the period was -5,278,598.00 CNY, reflecting a loss in the current financial period[131]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,077,532,646.16, up 29.12% from the end of the previous year[21]. - The company's total liabilities reached RMB 474,122,743.29, up from RMB 225,839,223.80, which is an increase of approximately 109.5%[108]. - The company's current assets totaled RMB 670,474,975.66, up from RMB 442,835,563.71, indicating a significant increase of about 51.4%[107]. - Accounts payable rose sharply to RMB 323,532,611.02 from RMB 84,266,599.64, marking an increase of around 284.5%[108]. - The total equity attributable to the parent company was CNY 502,637,646.76, down from CNY 510,562,078.86 at the beginning of the year[113]. Operational Changes and Strategies - The company plans to transition towards "big agriculture" through its subsidiary Jiangsu Chenwei Ecological Park Technology Co., Ltd., and has signed greening subcontract agreements with multiple partners[29]. - The company is in the process of properly disposing of its equity in Xinjiang Aidi, which is currently inactive[29]. - The decline in sales and profits was primarily attributed to Beijing Sihuan's performance[29]. - The company is expanding its operations into the agricultural sector, implementing a diversified development strategy that combines biopharmaceuticals and agriculture[33]. - The company has decided to terminate the Xinjiang Aidi New Energy project due to ongoing challenges including low international oil prices and funding shortages[32]. Shareholder Information - The company has a total of 1,029,556,222 shares outstanding, with 100% being unrestricted shares[89]. - The total number of ordinary shareholders at the end of the reporting period was 98,904[91]. - The largest shareholder, Kunshan Chuangye Investment Co., Ltd., holds 7.06% of the shares, totaling 72,671,714 shares[92]. - The second-largest shareholder, Zhongwei Small Enterprise Investment Group Co., Ltd., holds 4.99% of the shares, totaling 51,390,049 shares[92]. - The company did not distribute cash dividends or issue bonus shares for this period[6]. Cash Flow and Investments - The company reported a net cash outflow from investing activities of -¥6,586,586.37, a 105.57% decrease compared to a net inflow of ¥118,242,937.79 in the previous year[31]. - The cash outflow for the acquisition of fixed assets and other long-term assets was 90,000,000 CNY, indicating significant investment in growth[128]. - The company raised CNY 10,000,000.00 from borrowings during the current period, down from CNY 35,000,000.00 in the previous period[125]. Compliance and Governance - There were no significant litigation or arbitration matters affecting the company during the reporting period[58]. - The company has not engaged in any asset acquisitions or sales during the reporting period[62][63]. - The company did not undergo any significant changes in its shareholding structure or asset and liability structure during the reporting period[89]. - The half-year financial report has not been audited[81]. - The company does not face any risks of delisting due to legal violations during the reporting period[83]. Accounting Policies - The company prepares financial statements based on the going concern assumption and adheres to the accounting standards issued by the Ministry of Finance[145]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired[154]. - The company assesses the carrying value of financial assets for impairment at the balance sheet date, recognizing impairment losses for available-for-sale financial assets when fair value declines significantly[173]. - The company recognizes long-term equity investments using the cost method for subsidiaries and the equity method for joint ventures and associates[187].