JSAC(SH:600389)2022-08-22 16:00Financial Performance - The company's operating revenue for the first half of the year reached ¥5,230,646,703.88, representing a 65.87% increase compared to the same period last year[22]. - Net profit attributable to shareholders was ¥1,212,849,030.43, a significant increase of 295.10% year-on-year[22]. - The net cash flow from operating activities was ¥1,073,231,003.12, reflecting a 563.83% increase compared to the previous year[22]. - Basic earnings per share were ¥4.0837, up 295.10% from ¥1.0336 in the same period last year[24]. - The weighted average return on net assets increased to 41.0550%, up 26.4865 percentage points year-on-year[24]. - The gross profit for the first half was 1.817 billion yuan, with an average gross margin rising from 19.73% to 34.75%[41]. - The company's retained earnings increased significantly to CNY 2,781,801,661.95 from CNY 1,568,952,631.52, showing a growth of about 77.1%[191]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 30.00 CNY (including tax) for every 10 shares, totaling approximately 916.1 million CNY based on a total share capital of 305,367,100 shares as of June 30, 2022[6]. - The total number of ordinary shareholders at the end of the reporting period is 17,171[169]. - The company issued 8,367,100 restricted shares under the 2022 Restricted Stock Incentive Plan, increasing the total shares from 297,000,000 to 305,367,100[167]. - The total number of restricted shares held by the company’s employees under the 2022 stock incentive plan is 8,367,100, with 3,346,840 shares eligible for trading after the lock-up period[175]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥7,019,559,183.22, a 23.60% increase from the end of the previous year[22]. - Total liabilities reached CNY 3,392,622,719.12, an increase from CNY 3,277,655,341.73, which is a rise of about 3.5%[191]. - Current assets totaled CNY 4,694,178,358.82, compared to CNY 3,374,600,971.95 at the beginning of the period, reflecting an increase of about 39.0%[187]. - Cash and cash equivalents increased to CNY 1,910,616,975.98 from CNY 1,243,083,748.53, representing a growth of about 53.6%[187]. - Accounts receivable grew to CNY 1,294,806,691.94 from CNY 757,900,247.34, reflecting an increase of approximately 70.7%[187]. - Inventory decreased to CNY 636,150,968.94 from CNY 1,034,925,102.33, indicating a decline of about 38.4%[187]. Research and Development - The company continues to focus on the research and development of pesticide products, including glyphosate and other herbicides, with no significant changes in its main business[30]. - Research and development expenses rose by 85.94% to ¥161,937,783.37, up from ¥87,093,399.54 year-on-year, indicating increased investment in innovation[53]. - New product development is on track, with 9 patents applied for during the reporting period, and the creation product JS-T205 has completed process verification[49]. Environmental Management - The company has been recognized as a national clean production demonstration enterprise and a green factory in Jiangsu Province[38]. - The company strictly adhered to pollution discharge management requirements, ensuring all environmental facilities operated within compliance[101]. - The total COD discharge was reported at 265.8 mg/L, significantly below the limit of 500 mg/L[104]. - The company invested approximately 135 million yuan in the construction of a hazardous waste incineration facility, which has commenced trial operations and utilizes advanced technology for enhanced disposal capacity and lower emissions[109]. - The company has implemented 62 environmental enhancement plans with a budget of 120 million yuan, focusing on projects such as deep denitrification of boiler flue gas to improve pollution control capabilities[115]. Governance and Compliance - The board of directors confirmed that all members attended the meeting, ensuring the accuracy and completeness of the semi-annual report[5]. - The semi-annual report has not been audited, but the management has assured the financial report's authenticity and accuracy[5]. - The company has not indicated any changes in its governance structure or significant shareholder changes during the reporting period[18]. - The company has experienced changes in its board and management, including the resignation of key executives and the election of new independent directors[92]. Risks and Challenges - There are no significant risks or violations reported regarding the use of funds by controlling shareholders or related parties[8]. - The company has not faced any major risks that could impact its operations or financial performance[8]. - The company faced risks related to safety, environmental protection, industry policies, market fluctuations, and exchange rates[80]. - The company is exposed to raw material price fluctuations, primarily for coal, yellow phosphorus, salt, methanol, and glycine, which could impact profit margins[85].