SJA(SH:600609)2022-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,339,315,819.16, a decrease of 11.44% compared to ¥2,641,439,269.91 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥68,951,402.17, down 56.48% from ¥158,436,595.48 in the previous year[20]. - The net cash flow from operating activities was -¥481,232,430.95, compared to ¥71,583,484.64 in the same period last year, indicating a significant decline[20]. - The total assets at the end of the reporting period were ¥4,240,070,915.76, a decrease of 4.14% from ¥4,423,078,758.26 at the end of the previous year[20]. - Basic earnings per share for the first half of 2022 were ¥0.053, down 56.20% from ¥0.121 in the same period last year[21]. - The weighted average return on net assets decreased by 16.2 percentage points to 8.46% from 24.66% in the previous year[21]. - The company achieved operating revenue of 2.339 billion yuan, a year-on-year decrease of 11.44%[33]. - The net profit attributable to shareholders was 68.95 million yuan, down 56.48% year-on-year[33]. - Operating costs decreased by 8.21% to ¥1,974,453,149.15 from ¥2,151,147,425.55 year-on-year[36]. - The company reported a net loss of CNY 2,482,208,480.12, compared to a loss of CNY 2,551,159,882.29 in the previous period[104]. Assets and Liabilities - The total assets at the end of the reporting period were 4.240 billion yuan, a decrease of 4.14% from the beginning of the year[33]. - The total liabilities decreased from CNY 3,393,012,887.25 to CNY 3,067,453,306.56, a decrease of about 9.6%[104]. - The company’s debt-to-asset ratio was 72.34%, down 4.37 percentage points from the beginning of the year[33]. - Total current assets decreased from CNY 2,911,518,610.67 to CNY 2,779,341,747.14, a decline of approximately 4.5%[103]. - Total liabilities decreased to ¥973,855,255.78 from ¥1,307,185,961.17, indicating a reduction of 25.52%[108]. Research and Development - R&D investment increased to 81.43 million yuan, representing a year-on-year growth of 137%[33]. - R&D expenses increased significantly by 137.22% to ¥81,433,194.66, up from ¥34,327,747.92, due to new product design and development costs for major clients[36]. - The company launched several projects, including the G18 and G28 electric door panels, which were successfully put into production[33]. - The company added 15 new patents during the reporting period, including 2 invention patents and 13 utility model patents[33]. Environmental Compliance - The company’s subsidiary, Shenyang Jinbei Lear Automotive Seating Co., Ltd., was listed as a key pollutant discharge unit in Shenyang for 2022[56]. - Environmental monitoring conducted in June 2022 showed that the discharge of chemical oxygen demand was 35 mg/L, which is below the standard of 300 mg/L[58]. - The company has completed the environmental impact assessment report and obtained approval in March 2019, with the discharge permit issued in October 2019[59]. - The company conducts quarterly environmental monitoring through a third-party agency, as it is not a mandatory online monitoring enterprise[60]. - The company has implemented pollution prevention facilities, including UV photolysis for VOCs treatment, which are regularly maintained[58]. Shareholder and Ownership Structure - The company has a total of 51,466 common shareholders as of the end of the reporting period[91]. - The largest shareholder, Shenyang Automotive Industry Asset Management Co., Ltd., holds 242,967,345 shares, representing 18.53% of the total shares[93]. - The second-largest shareholder, Liaoning M&A Equity Investment Fund Partnership, holds 218,533,426 shares, accounting for 16.67%[93]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the first two shareholders alone accounting for over 35%[93]. - The company’s major shareholder is undergoing a restructuring process, with the draft restructuring plan not yet approved by creditors[84]. Financial Management and Risks - The company faces risks related to cost control, quality assurance, market share, and talent shortages, which could impact its operations[44][45]. - The company plans to enhance cost management, quality control, and talent acquisition to address these risks and improve profitability[46]. - The company did not distribute profits or increase capital reserves during this reporting period[6]. - The company did not propose any profit distribution or capital reserve transfer plan for the reporting period[53]. Accounting Policies and Financial Instruments - The financial statements are prepared in accordance with the relevant accounting standards, ensuring a true and fair view of the company's financial status[128]. - The company recognizes financial assets or liabilities upon entering into a financial instrument contract, with specific conditions for derecognition[142]. - The company applies an expected credit loss model for impairment accounting on financial assets measured at amortized cost and those measured at fair value through other comprehensive income[149]. - The company recognizes impairment losses or gains in profit or loss based on changes in expected credit losses at each reporting date[149]. - The company assesses impairment for goodwill and indefinite-lived intangible assets at least annually, and recognizes impairment losses when recoverable amounts are less than carrying amounts[196].