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苏豪弘业(600128) - 2023 Q2 - 季度财报
JIANGSU HOLLYJIANGSU HOLLY(SH:600128)2023-08-29 16:00

Financial Performance - The company's operating revenue for the first half of 2023 was ¥2,569,162,429.68, a decrease of 5.83% compared to the same period last year[20]. - The net profit attributable to shareholders for the first half of 2023 was ¥13,721,909.61, down 28.67% year-on-year[20]. - The net profit after deducting non-recurring gains and losses was ¥2,274,060.74, reflecting a significant decline of 86.30% compared to the previous year[20]. - The basic earnings per share for the first half of 2023 was ¥0.0556, a decrease of 28.72% from ¥0.0780 in the same period last year[21]. - The total profit for the period was 25.386 million yuan, reflecting a year-on-year increase of 14.22%[36]. - The company's export business faced downward pressure, but it maintained a stable foundation with traditional products like toys and labor protection gloves[36]. - The company reported a significant increase in the gross profit margin for chemical products, which rose by 1.41 percentage points to 3.97%[66]. - The company reported a net profit for the first half of 2023 of CNY 29,237,786.78, an increase of 105.4% compared to CNY 14,197,530.88 in the same period of 2022[122]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,299,335,331.14, a decrease of 0.97% from the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were ¥2,078,356,556.76, down 0.16% from the previous year-end[20]. - Total liabilities decreased to CNY 2,651,247,624.43 from CNY 2,716,117,024.01 at the end of 2022, indicating a reduction in financial obligations[114]. - The company's total liabilities at the end of June 2023 were CNY 1,453,535,166.03, compared to CNY 1,435,488,005.50 at the end of June 2022[143]. Cash Flow - The company experienced a net cash flow from operating activities of -¥96,504,602.73, an improvement compared to -¥193,124,244.94 in the previous year[20]. - The net cash flow from operating activities improved to -96,504,602.73 RMB from -193,124,244.94 RMB, indicating a reduction in cash outflow[44]. - The net cash flow from investing activities was 102,868,662.31 RMB, a significant recovery from -27,860,695.96 RMB in the previous year[44]. - The cash flow from operating activities totaled 802,520,101.66 RMB in the first half of 2023, compared to 730,376,236.35 RMB in the same period of 2022, showing growth in operational revenue[131]. Business Operations - The company's main business includes export, import, and domestic trade, focusing on toys, pet products, medical devices, and coal, among others[27]. - The company emphasizes a professional operating model, with self-operated and agency businesses contributing to its trade activities[28]. - The cross-border e-commerce business model involves selling products to overseas consumers through platforms like Amazon and eBay, generating profit from the price difference between sales and costs[30]. - The company is actively expanding its import business in agricultural machinery, wood, and paper products, while managing import quotas and rights[37]. Risk Management - The company has a robust evaluation process for both sales and procurement, ensuring compliance and risk management in its operations[28]. - The company is enhancing its risk management framework to address potential order shortages and fulfillment risks due to global economic challenges[64]. - Risk management measures will be integrated into key business processes to enhance governance levels[43]. Investments and Subsidiaries - The investment business aims to drive the supply chain construction and cultural industry development, exploring investment models that promote trade[27]. - The company established a wholly-owned subsidiary, Anhui Hongye Energy Co., Ltd., with a registered capital of 5 million RMB to engage in coal trading[52]. - The company’s wholly-owned subsidiary, Nantong Hongye Import and Export Co., Ltd., is currently undergoing a court-approved bankruptcy reorganization[84]. Shareholder Information - The company has a total of 21,800 ordinary shareholders as of the end of the reporting period[106]. - The largest shareholder, Jiangsu Suhao Holdings Group Co., Ltd., holds 55,420,061 shares, representing 22.46% of the total shares[105]. - The company has not proposed any profit distribution or capital reserve fund transfer plan for the first half of 2023[71]. Compliance and Governance - The company has committed to resolving existing competition with the listed company within three years and will take necessary measures to avoid conflicts of interest[79]. - The company has ensured that all related transactions with the listed company are conducted at fair market prices and comply with legal requirements[79]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[73]. Strategic Focus - The company plans to optimize its market structure and increase focus on emerging markets and countries along the "Belt and Road" initiative[63]. - The company is committed to innovation-driven development in its environmental business, aligning with the "dual carbon" goals and fostering independent brand growth[80]. - The company has focused on high-quality development, particularly in the toy, pet products, and fertilizer sectors, with a strategic shift to enhance competitive advantages in R&D, branding, and market integration[81].