SDWH(SH:600241)2022-08-24 16:00Financial Performance - The company's operating revenue for the first half of 2022 was CNY 495,349,331.47, representing a 51.48% increase compared to CNY 327,016,535.44 in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2022 was CNY 63,536,516.63, an increase of 86.53% from CNY 34,061,832.29 in the previous year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 62,932,506.37, up 91.45% from CNY 32,871,491.65 year-on-year[16]. - The basic earnings per share for the first half of 2022 was CNY 0.22, an increase of 83.33% compared to CNY 0.12 in the same period last year[17]. - The company achieved operating revenue of 495.35 million RMB, a year-on-year increase of 51.48%[24]. - The net profit attributable to shareholders was 63.54 million RMB, representing a year-on-year growth of 86.53%[24]. - The subsidiary Jiuyi Lithium achieved operating revenue of 350.28 million RMB, up 69.15% year-on-year, with a net profit of 64.83 million RMB, a significant increase of 296.08%[25]. - Jiuyi Energy reported operating revenue of 143.43 million RMB, a year-on-year increase of 21.93%, but net profit decreased by 63.07% to 3.49 million RMB due to rising raw material prices and pandemic impacts[25]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,480,196,523.58, reflecting an 8.17% increase from CNY 1,368,349,122.92 at the end of the previous year[16]. - The net assets attributable to shareholders at the end of the reporting period were CNY 1,057,532,127.43, a 6.39% increase from CNY 993,995,610.80 at the end of the previous year[16]. - The total current assets as of June 30, 2022, amounted to CNY 994,172,790.54, an increase from CNY 870,479,653.91 at the beginning of the period, reflecting a growth of approximately 14.2%[77]. - The total liabilities increased to CNY 1,480,196,523.58, reflecting a growth in financial obligations[79]. - The total amount of guarantees provided by the company, including those to subsidiaries, stands at 30 million RMB, representing 2.84% of the company's net assets[66]. Cash Flow - The net cash flow from operating activities for the first half of 2022 was CNY 63,738,849.46, a decrease of 6.73% compared to CNY 68,338,983.98 in the previous year[16]. - Cash flow from operating activities for the first half of 2022 was CNY 63,738,849.46, a decrease of 6.5% from CNY 68,338,983.98 in the same period of 2021[93]. - The company reported a net cash flow from investment activities of -16,320,243.69 RMB, worsening from -7,343,032.86 RMB in the same period last year[94]. - The total cash inflow from financing activities was 230,456,046.15 RMB, significantly higher than 100,000,000.00 RMB in the previous year[94]. - Cash outflow from financing activities totaled 318,969,781.61 RMB, compared to 256,729,225.22 RMB in the first half of 2021, resulting in a net cash flow from financing activities of -88,513,735.46 RMB[94]. Research and Development - The company is actively investing in R&D to optimize product structure and improve production efficiency in response to rising raw material costs[25]. - Research and development expenses increased by 42.43% to ¥21,263,175.98, compared to ¥14,928,725.68 in the previous year[29]. - Research and development expenses for the first half of 2022 were ¥21,263,175.98, up from ¥14,928,725.68 in the first half of 2021, indicating an increase of about 42.5%[85]. Shareholder Information - The controlling shareholder holds 143,133,473 shares, accounting for 48.63% of the total share capital of 294,302,115 shares[54]. - As of the reporting period, a total of 142,633,473 shares have been judicially frozen, representing 48.46% of the total share capital[54]. - The company had a total of 10,090 common shareholders as of the end of the reporting period[69]. - The largest shareholder, Liaoning Shidai Wanheng Holding Group Co., Ltd., holds 48.63% of the shares, with a total of 143,133,473 shares[71]. Legal and Compliance - The company has reported the existence of non-operating fund occupation by controlling shareholders and their related parties[5]. - The total amount of non-operating funds occupied by controlling shareholders and other related parties is 2,991.10 million RMB, which accounts for 3.01% of the latest audited net assets[53]. - The company is actively seeking solutions to resolve the issue of non-operating fund occupation to protect the rights of the company and its investors[53]. - The company has made commitments to avoid competition with its subsidiaries and ensure no harm to shareholder interests[48]. - The company has established a commitment to reduce related party transactions and ensure compliance with relevant laws and regulations[49]. Environmental and Social Responsibility - The company and its subsidiaries are not classified as key pollutant discharge units by environmental protection authorities[46]. - There were no administrative penalties related to environmental issues during the reporting period[46]. - The company has not reported any measures taken to reduce carbon emissions during the reporting period[46]. Accounting Policies - The financial statements are prepared based on the going concern assumption, with no identified issues affecting the company's ability to continue operations[113]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect a true and complete picture of the company's financial status[115]. - The group determines the scope of consolidated financial statements based on control, which includes the company and all subsidiaries[123]. - The group accounts for joint arrangements based on rights and obligations, classifying them as joint operations or joint ventures[128]. Revenue Recognition - The company recognizes revenue when control of goods is transferred to customers, with specific conditions outlined for domestic and international sales[188]. - Revenue is confirmed at the point of control transfer, which includes factors such as payment obligations and ownership transfer[190]. - The company recognizes contract costs as assets if they are directly related to obtaining contracts and are expected to be recoverable[192].