THGW(SH:600365)2022-08-19 16:00Financial Performance - The company's operating revenue for the first half of 2022 was CNY 351,675,276.25, representing a 1.37% increase compared to CNY 346,934,195.91 in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2022 was a loss of CNY 10,151,785.36, a significant decline of 331.32% from a loss of CNY 2,353,662.01 in the previous year[16]. - The net cash flow from operating activities improved by 16.51%, amounting to a loss of CNY 112,685,472.93 compared to a loss of CNY 134,965,050.96 in the same period last year[16]. - The basic earnings per share for the first half of 2022 was -CNY 0.02, a 100% decrease compared to -CNY 0.01 in the same period last year[17]. - The weighted average return on net assets was -2.82%, a decrease of 2.33 percentage points from -0.49% in the previous year[17]. - The company's revenue for the first half of 2022 was approximately ¥351.68 million, representing a 1.37% increase compared to ¥346.93 million in the same period last year[29]. - The company's net loss for the first half of 2022 was CNY 2,170,198.94, compared to a net loss of CNY 1,978,312.98 in the same period of 2021[82]. - The total profit for the first half of 2022 was a loss of CNY 18,128,072.33, compared to a profit of CNY 45,719,968.63 in the first half of 2021[86]. - The company's total comprehensive income for the first half of 2022 was CNY -10,147,964.54, compared to CNY 3,075,818.99 in the first half of 2021[84]. Assets and Liabilities - The total assets decreased by 7.15%, from CNY 857,577,252.74 at the end of the previous year to CNY 796,224,190.58 at the end of the reporting period[16]. - The total liabilities decreased to 440,770,678.77 CNY, down 10.54% from 492,662,322.32 CNY[78]. - The company's equity attributable to shareholders decreased to 355,449,743.73 CNY, down from 364,914,983.16 CNY[78]. - The total assets as of June 30, 2022, were CNY 915,093,263.80, compared to CNY 903,315,418.12 at the beginning of the year, reflecting a growth of approximately 1.9%[80]. - Total liabilities increased to CNY 243,711,537.23 from CNY 214,492,165.15, marking an increase of about 13.6%[80]. Operational Highlights - The company operates in the wine industry, focusing on the production and sales of various types of wines, including dry, ice, sweet, and grape spirits[21]. - The e-commerce business has been developed over 10 years, providing comprehensive online brand services across multiple platforms, including JD.com, Tmall, and Douyin[21]. - The company has established a strong brand presence, being recognized as a leader in sweet wines and producing China's first port wine and ice wine[23]. - The company is focusing on new product development to enhance its product line and meet market demands, with targeted marketing strategies for upcoming sales seasons[25]. - The company has implemented measures to mitigate the impact of COVID-19 on its operations, including supporting distributors and enhancing online marketing efforts[26]. Environmental and Social Responsibility - The company reported a total air pollutant emission of 0.018 tons per annum for waste gas and 24,387 tons per annum for wastewater during the first half of 2022[51]. - Waste gas is treated through a wet desulfurization and dust removal system, meeting the standards set by GB13271-2014 before being released[52]. - Wastewater is processed to meet the Class B discharge standards of GB18918-2002 before being discharged into the Hunjiang River[52]. - The company has committed to reducing related party transactions and avoiding competition with peers since 2012[55]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[50]. Legal Matters - The company is involved in a lawsuit with Dadong Industrial, with a claim amount of RMB 85 million, and the Nanjing Intermediate People's Court has frozen RMB 3.5643 million of the company's bank deposits[57]. - The company has won both the first and second trials against Dadong Industrial in Tonghua, with the court ruling that there is no guarantee relationship or actual transaction[57]. - The company has reached a settlement with Jiangsu Huanxin, clarifying that it is not the borrower of the related loans, thus releasing the company from guarantee and repayment responsibilities[57]. Shareholder Information - The number of ordinary shareholders as of the end of the reporting period was 20,452[66]. - The largest shareholder, Jilin Province Jixiang Jia Investment Co., Ltd., held 43,093,236 shares, representing 10.77% of total shares[68]. - The second-largest shareholder, Yin Bing, held 22,689,972 shares, representing 5.67% of total shares[68]. - The company granted 25.4 million restricted stocks to 22 incentive objects at a price of 2.27 CNY per share on June 23, 2022[71]. Research and Development - Research and development expenses increased by 9.28% to ¥422.48 thousand, mainly due to higher salaries for R&D personnel[31]. - The company plans to enhance the quality of its products and develop new high-end wine products, focusing on different consumer preferences[27]. - The company has completed technical upgrades to improve the freezing treatment capacity of raw wine, which is expected to enhance production efficiency and safety[28]. Risk Management - The company is facing market risks due to a slowdown in domestic economic growth and uncertainties from the pandemic, leading to a decline in wine consumption[38]. - The company is committed to complying with national laws and regulations to mitigate risks in production and operations, aiming to minimize potential hazards[38]. - The company is focusing on enhancing its risk management strategies to mitigate potential financial risks in the future[99].