JCON(BJ:836149)2022-08-22 16:00Revenue and Sales Performance - In the first half of 2022, the company's sales revenue from the top five customers was CNY 43.26 million, accounting for 34.14% of total sales revenue[12]. - The company's sales revenue in Jiangsu Province during the reporting period was CNY 79.44 million, representing 69.20% of main business revenue[12]. - The company's sales revenue from PC components was CNY 51.04 million, making up 44.74% of main business revenue[12]. - The company's overseas revenue in Australia was CNY 10.40 million, which accounted for 9.06% of total revenue[12]. - The company's operating revenue for the current period is ¥114,790,693.64, a decrease of 47.77% compared to the same period last year[30]. - The company achieved a revenue of 11,479.07 million yuan in the reporting period, a decrease of 47.77% compared to the same period last year[47]. - Revenue from mainland China decreased by 50.02% to ¥104,395,605.41 compared to the previous year[68]. - The company's main business revenue decreased by 47.87% to ¥114,066,150.29 compared to the previous period[64]. - The company's sales product revenue decreased by 51.91% to ¥57,845,779.89 compared to the previous year[66]. - The company's design consulting revenue increased by 61.35% to ¥15,082,296.53 compared to the previous year[66]. Financial Performance - The net profit attributable to shareholders is -¥6,843,366.06, representing a decline of 157.30% year-over-year[30]. - The company's net profit for the current period is -¥12,018,647.95, representing a decrease of 228.11% compared to a profit of ¥9,381,188.97 in the previous year[60]. - The gross profit margin for the company was 14.11%, impacted by project completion delays and rising costs of raw materials such as labor, steel, and cement[14]. - The gross profit margin has declined to 14.11% from 21.56% year-on-year[58]. - The company's accounts receivable accounted for 44.95% of total assets, leading to a relatively low accounts receivable turnover rate[14]. - The company's interest expenses of 6.29 million yuan in the first half of 2022 included 3.05 million yuan for lease liabilities[14]. - The total assets decreased by 6.02% to ¥660,178,022.52, while total liabilities decreased by 5.78% to ¥434,682,663.14[34]. - The company's operating cost for the period was 9,859.10 million yuan, down 42.82% year-on-year[47]. - Financial expenses increased by 89.72% to ¥6,354,288.79, driven by higher short-term borrowings and related interest expenses[61]. Market Expansion and Strategy - The company aims to expand its market presence outside of Suzhou and has set up branches in Nanjing and Shanghai[12]. - The company is actively expanding into the distributed rooftop power generation and photovoltaic building integration sectors, establishing a joint venture with Goodwe and China New Public Utilities[37]. - The company plans to increase its investment in the renewable energy sector, with expectations for related business to steadily grow in proportion over the coming years[80]. - The company aims to diversify its market presence beyond Suzhou and Shanghai to mitigate risks associated with customer and sales region concentration[83]. - The company has established a research and development team focused on BIPV (Building Integrated Photovoltaics) to promote the integration of solar energy solutions into its construction projects[79]. Risk Management - The company has faced risks related to market fluctuations and policy changes in the construction industry[12]. - The company has established a comprehensive labor supplier management system to mitigate labor subcontracting risks[12]. - The company is facing risks related to the tight cash flow of its subsidiaries due to increased procurement prepayments and delayed receivables[15]. - The company has implemented measures such as dynamic project type adjustments and expanding its industry chain coverage to mitigate risks from market fluctuations[81]. - The company is facing potential risks from the rising costs of shipping, with container freight rates expected to increase from approximately USD 1,500 to USD 4,000[92]. - The company is actively monitoring the political and economic conditions in Australia to manage risks associated with its overseas operations[92]. Corporate Governance and Shareholder Information - The actual controllers, Ding Jie and Ding Qiang, hold a combined 41.98% of the company's shares[22]. - The company has established measures to stabilize its stock price, including a commitment to repurchase shares if the stock price falls below the latest audited net asset value per share for 20 consecutive trading days[146]. - The company has a total of 73,758,000 shares outstanding, with 54.41% held by controlling shareholders and actual controllers[169]. - The company has a total of 5,575 shareholders as of the end of the reporting period[169]. - The company has implemented measures to ensure accountability for unfulfilled commitments by directors and senior management, including salary reductions and restrictions on share transfers[163]. Research and Development - The company has established a research and design department for prefabricated buildings since 2017, providing comprehensive consulting and design services[38]. - The company has invested in R&D, achieving 97 patents, including 6 invention patents, to maintain its competitive edge in the prefabricated construction industry[102][101]. - The company emphasizes the importance of high-end design and technical talent, implementing competitive compensation and career development pathways to attract and retain such talent[104][105]. Impact of COVID-19 - The ongoing impact of the COVID-19 pandemic has significantly affected production, transportation, and project execution, with expected continued negative effects on overseas business[25]. - The company faced significant impacts on production, transportation, and project installation due to COVID-19 outbreaks in Suzhou and Shanghai in the first half of 2022, which are expected to continue affecting operations[114]. - The company has implemented strict pandemic prevention measures to minimize the impact on operational performance and has negotiated with suppliers and customers to secure shipping plans[115]. Employee Information - Total employees decreased from 371 to 339, with a net reduction of 32 employees during the period[199]. - Core employees increased from 15 to 43, with 28 new additions and no reductions[200]. - Production personnel decreased significantly from 161 to 130, a reduction of 31 employees[199]. - Sales personnel decreased from 23 to 20, with a net loss of 3 employees[199]. - Technical personnel increased slightly from 104 to 105, with 16 new hires and 15 departures[199]. - Management personnel increased from 41 to 42, with 5 new hires and 4 departures[199]. - Financial personnel decreased from 14 to 13, with 3 new hires and 4 departures[199]. - Administrative personnel increased from 28 to 29, with 2 new hires and 1 departure[199].