LJRB(SH:600853)2022-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2022 was CNY 5,851,693,358.33, representing a 13.55% increase compared to CNY 5,153,336,826.38 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2022 was CNY 53,047,311.49, a significant increase of 47.41% from CNY 35,986,382.16 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 48,021,575.18, reflecting a 63.59% increase compared to CNY 29,354,367.66 in the same period last year[21]. - The basic earnings per share for the first half of 2022 was CNY 0.05, a 39.66% increase from CNY 0.0358 in the same period last year[22]. - The diluted earnings per share also stood at CNY 0.05, reflecting the same percentage increase of 39.66% compared to the previous year[22]. - The weighted average return on net assets increased to 2.23%, up 0.7551 percentage points from 1.4749% in the previous year[22]. - The company achieved operating revenue of CNY 585,169.34 million and a net profit attributable to shareholders of CNY 5,304.73 million during the reporting period[44]. - The company reported a total revenue of 1,000 million yuan for the first half of 2022, with a significant increase in construction projects contributing to this growth[67]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at CNY -2,266,764,218.71, an improvement from CNY -2,509,888,252.75 in the previous year[21]. - The total assets at the end of the reporting period were CNY 28,959,292,771.21, an increase of 8.79% from CNY 26,620,643,935.49 at the end of the previous year[21]. - The net assets attributable to shareholders at the end of the reporting period were CNY 2,410,548,200.80, up 2.63% from CNY 2,348,875,280.54 at the end of the previous year[21]. - The total liabilities as of June 30, 2022, are not specified but are critical for assessing the company's financial health[139]. - The total current assets as of June 30, 2022, amount to RMB 16,605,015,212.33, an increase from RMB 15,863,413,912.08 at the beginning of the period[139]. - The cash and cash equivalents decreased to RMB 4,895,134,473.54 from RMB 5,359,731,223.16[139]. - The accounts receivable decreased slightly to RMB 3,939,778,702.96 from RMB 4,043,555,931.14[139]. - The total liabilities reached ¥24,886,300,736.12, up from ¥22,588,252,753.81, marking a growth of around 10.2%[141]. Investments and Projects - The company is involved in PPP projects, where it manages design, construction, and operation, ensuring a stable revenue stream[32]. - The company successfully secured major projects such as the PPP project for the Beimo Expressway and the construction of the "Beautiful Heilongjiang" border road, consolidating its leading position in the provincial market[45]. - The company is planning to establish a clean coal powder processing plant in Heilongjiang Province, with related technologies already patented[39]. - The company is involved in a PPP project with a total investment of 1,095,015,100 CNY, where the company has contributed 21,901,510 CNY, representing 10% of the project's registered capital[106]. - The total investment for the PPP project in Fuyun City, Heilongjiang Province is CNY 499.01 million, with the company contributing CNY 29.94 million, accounting for 30% of the registered capital[107]. Research and Development - Research and development expenses rose significantly to CNY 118,791,528.44, marking a 44.44% increase year-on-year, reflecting a focus on innovation[53]. - During the reporting period, the company added 87 national patents, including 2 invention patents and 85 utility model patents, and published 42 technical papers[40]. - The company launched the upgraded version 2.0 of the "Smart Construction Site Comprehensive Command Cloud Platform" and promoted it in various projects[48]. - The company has 66 ongoing technology projects, with 23 newly initiated research projects during the reporting period[48]. Risk Management - The company reported no significant risk events during the reporting period, and potential risks and countermeasures are detailed in the report[7]. - The company faces risks related to funding, as the shift towards public-private partnerships (PPP) increases competition and financial exposure[68]. - The company has a large accounts receivable amount due to long project durations, which poses a collection risk[70]. - The company is exposed to foreign exchange risks primarily related to USD transactions, which could impact financial performance[72]. - The company is facing increased safety risks on construction sites due to a higher volume of work and personnel involved[73]. Corporate Governance and Compliance - The company has maintained an "A" credit rating or above for 11 consecutive years in the national transportation system credit evaluation, enhancing its reputation in the industry[41]. - The company has committed to not using raised funds for unrelated investments, ensuring compliance with regulatory requirements[202]. - There are no significant non-operating fund occupations by major shareholders or related parties during the reporting period[95]. - The company has established a dedicated account for raised funds to ensure proper usage according to disclosed purposes[202]. - The company adheres to ISO14001 environmental management standards, ensuring compliance with national and local environmental regulations, with no environmental pollution incidents reported during the reporting period[83]. Social Responsibility - The company actively participates in poverty alleviation and rural revitalization efforts, contributing to infrastructure development and disaster relief initiatives[87]. - The company donated materials to support government pandemic prevention efforts during the reporting period[88]. - The company's report titled "Be a Pioneer of the Times, Assist Rural Revitalization" was selected as an excellent practice case by the China Listed Companies Association[88]. Shareholder Information - The largest shareholder, Heilongjiang Construction Investment Group Co., Ltd., holds 446,690,030 shares, representing 44.01% of total shares[131]. - The company has a total of 63,082 common stock shareholders as of the end of the reporting period[129]. - The total owner's equity at the end of the first half of 2022 was CNY 2,218,100,000[165].