JHEC(SH:600273)2023-08-03 16:00Financial Performance - The company achieved total revenue of 4.499 billion RMB, a decrease of 27.63% compared to the same period last year[1]. - Net profit attributable to shareholders was 626 million RMB, down 39.02% year-on-year; net profit excluding non-recurring items was 590 million RMB, a decline of 41.90%[1]. - The company's net assets attributable to shareholders were 9.697 billion RMB, a decrease of 0.68% from the end of the previous year[1]. - The company's operating revenue for the first half of 2023 was CNY 4,499,341,879.91, a decrease of 27.63% compared to the same period last year[140]. - The net profit attributable to shareholders for the same period was CNY 626,008,936.36, down 39.02% year-on-year[140]. - The net cash flow from operating activities was CNY 106,308,361.37, reflecting a significant decline of 86.74% compared to the previous year[140]. - The basic earnings per share for the first half of 2023 was CNY 0.4500, a decrease of 38.55% from CNY 0.7323 in the same period last year[140]. - The weighted average return on net assets decreased to 6.28%, down 4.57 percentage points from 10.85% in the previous year[140]. - The total assets at the end of the reporting period were CNY 11,820,733,250.76, a decrease of 3.67% compared to the end of the previous year[140]. - The total liabilities amounted to ¥2,092,723,277.01, a decrease from ¥2,477,819,692.92 in the previous period[154]. - The total equity attributable to shareholders was ¥9,696,716,551.01, down from ¥9,763,592,779.12[154]. - The company reported a total of 4.31 tons of hazardous waste from discarded packaging, which was entrusted for disposal to a qualified third party[57]. - The company reported a total waste disposal amount of 0.04 tons for wastewater from the sulfuric acid plant during the first half of 2023[58]. Environmental Management - The company has established an ISO14001 environmental management system and has been certified, indicating a commitment to environmental standards[44]. - The company has implemented a "Leak Detection and Repair" (LDAR) system and has conducted the fifth round of clean production audits, demonstrating proactive environmental management[44]. - The company has invested in environmental pollution liability insurance, safety liability insurance, and public fire liability insurance, enhancing its risk management framework[45]. - The company has a wastewater biochemical treatment facility with a capacity of 3000 tons per day, operational since 2011, indicating robust waste management capabilities[37]. - The company has a sulfuric acid wastewater treatment system with a capacity of 200 tons per day, operational since 2020, further supporting its environmental compliance efforts[37]. - The company has established emergency response plans for environmental incidents to mitigate risks associated with chemical and fire accidents[42]. - The company has undergone modifications to its self-monitoring plan in June 2023, ensuring compliance with monitoring standards and practices[43]. - The company has a total of 1,197.06 tons of general solid waste (wastewater sludge) disposed of through qualified units, reflecting its waste management practices[35]. - The company monitored emissions of sulfur dioxide at a concentration of 11.39 mg/L from the sulfuric acid plant during the first half of 2023[59]. - The total emissions of nitrogen oxides from the sulfuric acid plant were recorded at 66.9 mg/L for the first half of 2023[59]. - The company achieved a compliance rate with air pollutant discharge standards, with no exceedances reported for sulfur dioxide and nitrogen oxides emissions[60]. - The company has implemented automatic monitoring for major pollutants, ensuring real-time compliance with environmental standards[60]. - The company is committed to environmental protection, as indicated by its status as a key pollutant discharge unit[53]. Strategic Initiatives - The company is actively exploring low-carbon technology innovations and has entered the trial operation phase for two 1 MW hydrogen fuel cell power generation stations[4]. - The company has extended its upstream supply chain and adjusted procurement strategies to mitigate risks associated with fluctuating raw material prices[2]. - The company has invested in environmental protection and energy-saving projects, which have been recognized as benchmark projects by provincial authorities[5]. - The company plans to distribute a cash dividend of 2.0 yuan per 10 shares to all shareholders, with the total share capital as the base for the distribution[64]. - The company plans to repurchase shares with a budget of no less than RMB 100 million and no more than RMB 200 million, having already repurchased 1,100,000 shares for a total of RMB 9.93 million as of July 31, 2023[111]. - The company is currently in a state of suspension of production[72]. - The company plans to focus on market expansion and new product development in the upcoming quarters to drive future growth[171]. Shareholder and Governance - The company approved a proposal to apply for a credit limit for the year 2023 during the first extraordinary shareholders' meeting held on January 12, 2023[49]. - The annual shareholders' meeting on April 21, 2023, passed nine proposals, including the 2022 annual board work report[49]. - The company’s major shareholder, Zhejiang Jiahua Group, holds 515,493,351 shares, representing a significant portion of the total equity[115]. - The company has committed to avoiding competition with the listed company and ensuring its independence[76]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[78]. - The company has not reported any violations of decision-making procedures regarding external guarantees[99]. - There are no significant risk events reported during the reporting period[67]. - There are no significant changes in the audit opinions from the previous annual report[98]. - The company has not disclosed any major litigation or arbitration matters during the reporting period[100]. - The company has implemented measures to avoid and resolve industry competition issues[102]. Cash Flow and Investments - The cash outflow for purchasing goods and services was ¥3,212,495,524.46, down from ¥3,528,886,900.27[160]. - The company recorded other operating income and expenses of ¥1,098,604.95[141]. - The company reported a foreign exchange gain of CNY 510,317.33 in the first half of 2023, compared to a loss of CNY 2,813,568.07 in the same period of 2022[172]. - The company’s total assets impairment loss for the first half of 2023 was CNY 28,028,637.04, a decrease from CNY 46,191,314.70 in the first half of 2022[172]. - The company’s cash flow from operating activities for the first half of 2023 was not detailed but is critical for assessing liquidity and operational efficiency[179]. - Cash outflow from investing activities totaled 262,430,413.44, compared to 114,820,908.39 in the previous period, reflecting an increase of about 129%[189]. - Cash inflow from financing activities was 808,215,168.40, significantly higher than 151,635,530.88 in the previous period, marking an increase of approximately 433%[189]. - The net cash flow from financing activities was -600,677,730.40, slightly improved from -627,939,571.02 in the previous period[189]. - The ending balance of cash and cash equivalents was 299,454,250.12, down from 825,141,072.17 in the previous period, a decrease of about 64%[190].