JLSG(SH:600189)2021-08-18 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 746,812,565.78, representing a 68.99% increase compared to CNY 441,926,411.78 in the same period last year [22]. - The net profit attributable to shareholders for the first half of 2021 was CNY 62,824,267.79, which is a 14.65% increase from CNY 54,797,455.24 in the previous year [22]. - Basic earnings per share for the first half of 2021 were CNY 0.09, a 12.50% increase from CNY 0.08 in the same period last year [22]. - Operating profit reached 99.24 million yuan, up by 37.89 million yuan, reflecting a growth of 61.76% year-on-year [34]. - The company reported a net profit contribution of CNY -1.73 million from its subsidiary Lushuihe Tianxiang Specialty Products Co., Ltd., which has total assets of CNY 30.72 million and a net loss of CNY 3.39 million for the first half of 2021 [45]. - The company reported a comprehensive income of ¥62,824,267.79 for the first half of 2021, compared to a loss in the previous period [149]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 16.62% to CNY 125,373,098.67 from CNY 150,366,888.85 in the same period last year [22]. - The company’s cash and cash equivalents at the end of the period were ¥336,263,143.00, down 28.34% from ¥469,221,578.13 at the end of the previous year [39]. - Cash flow from operating activities for the first half of 2021 was CNY 125,373,098.67, down from CNY 150,366,888.85 in the same period of 2020, a decrease of approximately 16.6% [139]. - The ending balance of cash and cash equivalents decreased to ¥217,997,185.26 from ¥308,690,701.24, a decline of 29.3% [145]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,082,077,449.58, an increase of 4.88% compared to CNY 4,845,716,981.74 at the end of the previous year [22]. - The company’s total liabilities decreased to CNY 3,000,384,132.28 from CNY 3,200,000,000.00, indicating a reduction of approximately 6.3% [119]. - The company’s short-term borrowings were CNY 768,379,270.00, down from CNY 857,341,860.66, reflecting a decrease of about 10.4% [119]. - Total liabilities increased to ¥3,385,004,090.42 from ¥3,221,991,904.02, which is an increase of about 5% [121]. Research and Development - The company reported a 19.74% decrease in R&D expenses, totaling ¥6,182,316.86 compared to ¥7,703,241.21 in the previous year [36]. - Research and development expenses were ¥6,182,316.86, a decrease of 19.7% from ¥7,703,241.21 in the first half of 2020 [131]. Shareholder Information - The total number of shares after the recent changes is 715,197,812, with 688,282,134 shares classified as tradable [94]. - The company issued 62,100,000 shares to specific investors as part of a private placement [104]. - The largest shareholder, Sen Gong Group, had 46,720,254 restricted shares released on May 16, 2021 [99]. - The company has a total of 51,193,531 shares held by Changzhou Puxin Tongyuan Investment Partnership, accounting for 7.16% of the total [110]. Risk Factors - The company faces risks related to macroeconomic cycles, which could impact its mineral water and landscaping businesses if consumer demand declines [50]. - The ongoing COVID-19 pandemic poses risks to the company's mineral water sales and project execution in landscaping [50]. - The company emphasizes the importance of recognizing stock market risks due to various factors including international and macroeconomic changes [50]. Corporate Governance and Compliance - The company did not distribute profits or increase capital reserves during the reporting period [6]. - There were no significant risk events reported during the period [8]. - The company confirmed that there were no non-operating fund occupations by controlling shareholders or related parties [8]. - The company has not received any penalties or corrective actions related to legal violations during the reporting period [78]. Environmental and Social Responsibility - The company actively fulfilled its social responsibility by providing aid to Zhengzhou after the disaster, delivering the first batch of supplies on July 25 [35]. - The company is involved in environmental protection through its subsidiary, Jilin Forest Industry Environmental Technology Co., Ltd., focusing on carbon asset management and energy management [61]. - The company has established a partnership for carbon reduction projects, enhancing its environmental responsibility [61]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, with no significant issues affecting the company's ability to continue operations for at least 12 months from the reporting date [168]. - The company adheres to the accounting standards, ensuring that the financial statements accurately reflect its financial position, operating results, changes in equity, and cash flows [169]. - The company has not reported any significant changes in its accounting policies or estimates that would impact the financial statements [168].