Financial Position - As of June 30, 2022, total assets amounted to RMB 2,545,930,772.28, an increase of 3.3% from RMB 2,464,111,598.87 as of December 31, 2021[7][8] - Total liabilities as of June 30, 2022, were RMB 239,944,944.07, a slight increase from RMB 238,542,901.32 at the end of 2021[8] - Shareholders' equity increased to RMB 2,305,985,828.21, up 3.6% from RMB 2,225,568,697.55 as of December 31, 2021[8] - The total equity of the parent company as of June 30, 2022, is RMB 1,083,223,832.73, a decrease of RMB 38,592,561.43 compared to the previous year[22] Cash Flow and Liquidity - Cash and cash equivalents increased to RMB 518,987,708.58, up 36.5% from RMB 380,359,588.27 in the previous year[7] - Cash flow from operating activities for the first half of 2022 was RMB 432.60 million, an increase from RMB 370.47 million in the first half of 2021[14] - The company experienced a significant increase in cash inflow from investment activities, totaling RMB 1.64 billion in the first half of 2022, compared to RMB 226.73 million in the same period of 2021[14] - Cash and cash equivalents at the end of the first half of 2022 totaled RMB 508,987,708.58, compared to RMB 350,250,578.98 at the end of the first half of 2021, reflecting a 45.3% increase[15] - The company reported a net cash outflow from financing activities of RMB (44,888,070.63) in the first half of 2022, compared to RMB (26,224,611.38) in the same period of 2021[15] Revenue and Profitability - The company's operating revenue for the first half of 2022 reached RMB 568.62 million, a 36% increase compared to RMB 418.37 million in the same period of 2021[12] - Net profit for the first half of 2022 was RMB 130.92 million, significantly up from RMB 51.84 million in the first half of 2021, representing a growth of 152%[12] - The company reported a basic earnings per share of RMB 0.36 for the first half of 2022, compared to RMB 0.14 in the same period of 2021, indicating a 157% increase[12] - The total profit for the first half of 2022 was RMB 130.95 million, up from RMB 51.71 million in the first half of 2021, marking a growth of 153%[12] Inventory Management - Inventory decreased significantly to RMB 310,837,303.95, down 51.1% from RMB 635,542,840.40 in the previous year[7] - The total inventory at the end of the period was 312,290,965.34, compared to 637,181,330.48 at the beginning, reflecting a significant decrease[191] - The inventory impairment provision at the end of the period was 1,453,661.39, down from 1,638,490.08, showing a reduction of approximately 11.3%[192] Investment Activities - The company’s investment activities resulted in a net cash outflow of RMB 268.43 million in the first half of 2022, compared to a net outflow of RMB 180.11 million in the same period of 2021[14] - Cash inflow from investment activities reached RMB 1,856,112,700.28, significantly up from RMB 230,515,472.24 in the first half of 2021[16] Accounting Policies and Practices - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position and operating results accurately[31] - The company uses RMB as its accounting currency for domestic subsidiaries, while foreign subsidiaries use the local currency of their operating environment[34] - The accounting basis used is the accrual basis, with historical cost as the measurement basis, except for certain financial instruments measured at fair value[30] Employee Compensation and Benefits - Employee compensation includes various forms of remuneration, such as short-term salaries and post-employment benefits[134] - Short-term compensation is recognized as a liability and expensed in the period the services are provided[135] - Post-employment benefits are classified as defined contribution plans, with liabilities recognized based on contributions to social insurance[136] Financial Instruments and Risk Management - Financial instruments are recognized when the company becomes a party to the financial instrument contract, with amortized cost calculated using the effective interest method[57] - The company assesses the extent of risks and rewards retained when transferring financial assets, determining whether to derecognize the asset based on the transfer conditions[71] - The company applies expected credit loss accounting for financial assets measured at amortized cost and those measured at fair value through other comprehensive income, recognizing loss provisions accordingly[75] Taxation - The corporate income tax rate applicable to the company is between 15% and 25%[167] - The company's income tax rate for domestic subsidiaries is 25%, while certain subsidiaries enjoy a reduced rate of 15% from 2021 to 2030[169] Fixed Assets and Depreciation - Fixed assets are recognized when it is probable that economic benefits will flow to the company and the cost can be reliably measured[111] - The company utilizes the straight-line method for depreciation of fixed assets, with a depreciation rate of 10% for buildings and structures, and 4.5% to 3% for machinery and equipment[117] - The total fixed assets at the end of the period amounted to 1,498,893,777.95, with an increase of 17,859,211.80 during the current period[195] Subsidiaries and Consolidation - The company has 11 subsidiaries included in the consolidated financial statements, all of which are wholly owned except for one holding subsidiary with an 85% voting rights[27] - The consolidated financial statements include all subsidiaries controlled by the company, reflecting the entire group as a single accounting entity[41]
安德利果汁(02218) - 2022 - 中期财报