JONJEE(SH:600872)2023-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2023 was ¥2,654,168,746.02, a slight increase of 0.08% compared to ¥2,652,164,237.63 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was a loss of ¥1,442,865,048.12, a significant decrease of 560.78% compared to a profit of ¥313,134,476.13 in the same period last year[16]. - The basic earnings per share for the first half of 2023 was -¥1.8714, a decrease of 560.82% compared to ¥0.4061 in the same period last year[17]. - The diluted earnings per share also stood at -¥1.8714, reflecting the same decline as the basic earnings per share[17]. - The company reported a net profit excluding non-recurring gains and losses of ¥296,342,133.25, a slight decrease of 1.81% from ¥301,797,079.06 in the same period last year[16]. - The total comprehensive income for the first half of 2023 was a loss of 1,757,238,988.53 RMB[95]. Cash Flow and Assets - The net cash flow from operating activities was ¥460,021,455.43, representing an increase of 3.94% from ¥442,577,933.23 in the previous year[16]. - As of the end of the reporting period, cash and cash equivalents amounted to ¥917.46 million, representing 14.11% of total assets, an increase of 46.01% compared to the previous year[30]. - The total assets at the end of the reporting period were ¥6,504,371,707.32, an increase of 4.52% from ¥6,223,376,570.50 at the end of the previous year[16]. - The total current assets as of June 30, 2023, amount to 3,528,807,063.24 RMB, an increase from 3,237,329,149.35 RMB at the end of 2022[73]. - The company reported a significant increase in investment activity cash outflow by 93.20% due to large certificate of deposit investments[28]. Liabilities and Equity - The total liabilities rose to ¥4,459,692,594.06, compared to ¥2,758,540,203.95, marking an increase of about 61.6%[76]. - The net assets attributable to shareholders of the listed company decreased by 47.95% to ¥1,566,314,021.21 from ¥3,009,131,107.56 at the end of the previous year[16]. - The total equity attributable to shareholders decreased to CNY -1,958,141,222.96 from CNY -200,902,234.43, indicating a deterioration in shareholder equity[79]. - The company reported a total guarantee amount of 1.067 billion RMB, which accounts for 52.18% of its net assets[65]. Research and Development - The R&D expenses increased by 5.37% to 90 million RMB, reflecting the company's commitment to innovation[28]. - The company has established multiple R&D platforms, including a provincial-level technology center and a national key laboratory[26]. Market and Industry Context - The domestic seasoning industry is experiencing slow growth, with demand being supported by the recovery of the catering sector, although internal demand remains insufficient[23]. - The company is positioned to benefit from the development of the Guangdong-Hong Kong-Macao Greater Bay Area, with ongoing projects expected to enhance its market presence[23]. Environmental Compliance - Environmental compliance was reported, with actual COD emissions of 24.270 tons against a permitted limit of 74.095 tons, indicating no exceedance[44]. - The company has maintained compliance with environmental standards, with no reported exceedances in pollutant emissions[45]. - The company has conducted emergency drills to enhance its ability to respond to environmental incidents as per its emergency response plans[50]. Corporate Governance - The company held its annual shareholders' meeting on April 11, 2023, where the 2022 annual report and profit distribution proposal were approved[39]. - Significant management changes occurred, including the resignation of the general manager and several vice presidents, with new appointments made for key positions[41]. - The first extraordinary shareholders' meeting of 2023 took place on July 24, 2023, resulting in the dismissal of four directors and the election of three new non-independent directors[39]. Legal Matters - There are ongoing significant litigation matters related to land use rights transfer disputes, with details available in company announcements[57]. - The company received a first-instance judgment on January 28, 2023, ordering it to return industrial land totaling 167,300 square meters, refund the plaintiff 33 million RMB, and compensate for losses amounting to 602 million RMB[58]. Shareholder Information - The total number of ordinary shareholders reached 51,130 by the end of the reporting period[66]. - The largest shareholder, Zhongshan Torch Group, holds 156,510,149 shares, representing 19.93% of the total share capital[70].