GZYJPCO(SH:603058)2022-08-25 16:00Financial Performance - The company achieved operating revenue of RMB 251.44 million, an increase of 41.50% compared to the same period last year[21]. - Net profit attributable to shareholders decreased by 85.83% to RMB 12.50 million, while the net profit excluding non-recurring gains and losses increased by 24.15% to RMB 23.27 million[21]. - The weighted average return on net assets decreased by 6.22 percentage points to 1.13%[20]. - Total assets increased by 6.50% to RMB 1.79 billion compared to the end of the previous year[21]. - The net cash flow from operating activities decreased by 41.29% to RMB 53.31 million[20]. - The company reported a loss of RMB 14.40 million from investments in private equity funds, a decrease of 118.61% compared to the previous year's similar business income[21][23]. - The company’s net assets attributable to shareholders increased by 2.39% to RMB 1.13 billion compared to the end of the previous year[20]. - The company reported a net profit of 12.50 million yuan, a decline of 85.83% year-on-year, primarily due to losses in securities investments[46]. Revenue Breakdown - The sales revenue from tobacco label products increased by 49.36% to RMB 170.42 million, while the sales revenue from wine label products grew by 18.01% to RMB 49.53 million[21]. - The overseas subsidiary TB achieved sales revenue of RMB 12.15 million, a significant increase of 135.42% year-on-year[21]. - Revenue from the cigarette label business was 170.42 million yuan, up 49.36% year-on-year, while the wine label business generated 49.53 million yuan, an increase of 18.01%[46]. - The company achieved a sales revenue of 49.53 million RMB for wine labels in the first half of 2022, representing an 18.01% increase compared to the same period last year[32]. Product Development and Innovation - The company designed and developed 75 wine label products during the reporting period, with 7 products entering mass production[32]. - The company plans to launch 2-5 new products in the medical cannabis sector in the next six months, including high THC flower products[35]. - The company invested 12.13 million yuan in R&D during the reporting period, reflecting a year-on-year increase of 21.08%[47]. - The company developed 17 new cigarette label products, with 7 entering mass production, and 75 new wine label products, with 7 also in production[43]. Environmental Compliance - The company has implemented strict pollution control measures, ensuring that wastewater discharge complies with national standards, with no exceedance reported[80]. - The company has established effective waste gas treatment systems, with emissions from ink and oil smoke meeting regulatory requirements[82]. - The company has received the Pollution Discharge Permit from the Guizhou Provincial Environmental Protection Bureau, confirming compliance with environmental regulations[85]. - The company has set up an emergency response plan for environmental pollution incidents, which has been filed with local environmental authorities[86]. Financial Structure and Capital Management - The company issued 1,458,680 convertible bonds in April 2022, raising a total of 145.868 million yuan[100]. - The company’s controlling shareholder has committed to measures to mitigate the dilution of immediate returns due to the issuance of convertible bonds[101]. - The company’s board and senior management have pledged to uphold their duties and ensure compliance with regulations regarding the execution of return compensation measures[103]. - As of June 30, 2022, the company had a debt-to-asset ratio of 29.58%, indicating a stable financial structure[125]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 18,534[111]. - The largest shareholder, Guizhou Yongji Holding Co., Ltd., held 172,566,200 shares, accounting for 41.18% of the total shares[114]. - The company completed a share buyback, with the repurchased shares totaling 4,379,000, representing 1.0449% of the total share capital[114]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies[5]. - The report includes a section on major risks that investors should review[6]. - The company is closely monitoring exchange rate fluctuations, particularly between the CNY and AUD, to manage foreign exchange risks effectively[71]. Corporate Governance - The company guarantees the authenticity, accuracy, and completeness of the semi-annual report, with all directors present at the board meeting[7]. - There are no non-operating fund occupations by controlling shareholders or related parties[6]. - The company has no violations in decision-making procedures for external guarantees[6]. Accounting and Financial Reporting - The company prepares financial statements based on actual transactions and events in accordance with the accounting standards issued by the Ministry of Finance[166]. - The financial statements reflect the company's financial position, operating results, changes in shareholders' equity, and cash flows accurately and completely[169]. - The company's accounting period runs from January 1 to December 31 each year[170].