HJHS(SH:603616)2022-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥146,774,932.28, a decrease of 65.78% compared to ¥428,909,134.54 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was -¥39,782,533.97, representing a decline of 246.40% from a profit of ¥27,173,144.65 in the previous year[21]. - The net cash flow from operating activities was -¥37,034,802.83, down 162.78% from ¥58,992,481.88 in the same period last year[21]. - Basic earnings per share decreased to -0.1043 yuan/share, a decline of 212.64% compared to the same period last year[22]. - The company reported a net profit excluding non-recurring gains and losses of -¥39,721,838.74, a decrease of 243.94% from ¥27,595,302.52 in the previous year[21]. - The PCCP business, the company's core traditional business, generated sales revenue of 79.85 million yuan, a year-on-year decline of 73.99%[37]. - The company reported a significant loss in the environmental sector, with 清青环保 showing a net loss of 719.06 million yuan, indicating challenges in this area[53]. Assets and Liabilities - Total assets decreased by 3.60% to ¥2,351,171,063.43 from ¥2,439,075,074.29 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company decreased by 3.64% to ¥1,060,766,432.07 from ¥1,100,806,718.25 at the end of the previous year[21]. - The company's cash and cash equivalents decreased by 70.82% to CNY 43.96 million from CNY 150.66 million at the end of the previous year[45]. - The company's inventory increased by 78.45% to CNY 312.48 million, compared to CNY 175.11 million in the previous year[45]. - Total liabilities decreased to CNY 1,290,404,631.36 from CNY 1,338,268,356.04, a decline of approximately 3.6%[110]. Business Operations and Strategy - The company is focusing on expanding its environmental protection business, particularly in air pollution control, to enhance market competitiveness[29]. - The company aims to transition from a construction-focused model to a comprehensive investment and operation service model in its environmental business[29]. - The company has established a strong brand presence, with its "He Shan" brand recognized as a well-known brand in Beijing[33]. - The company plans to expand its market presence and increase the volume of PCCP project contracts to support sustainable development[39]. - The company is actively pursuing new technologies and product development in the construction and environmental sectors[52]. Risks and Challenges - The company faces risks related to bidding for contracts, with the potential for significant impacts on future performance if the number or value of contracts awarded falls below expectations[55]. - The company is exposed to risks from fluctuations in raw material prices, particularly steel, cement, and sand, which can affect production costs[57]. - The competitive landscape in the PCCP market is intensifying, with the top ten companies accounting for 80% of the national output, leading to pressure on profit margins[57]. - The company acknowledges the ongoing risk of COVID-19 impacting project timelines and bidding processes, which could adversely affect revenue[59]. Corporate Governance and Compliance - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital for this reporting period[6]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[7]. - The company has not faced any violations of decision-making procedures for providing guarantees to external parties[7]. - The company has revised its governance structure to enhance transparency and protect investor rights, including updates to multiple internal regulations[40]. Environmental and Social Responsibility - Company has implemented measures to reduce dust emissions, achieving a dust removal rate of over 95%[66]. - Sulfur dioxide emissions recorded at 0.3517 tons, nitrogen oxide emissions at 0.3060 tons, both meeting local discharge standards[67]. - Company provided poverty alleviation assistance totaling over 20,000 yuan to seven impoverished families in Inner Mongolia[68]. - Social care activities included donations worth approximately 38,000 yuan for pandemic prevention efforts in Jilin Province[69]. - Company actively integrates social responsibility into its development strategy and corporate culture[69]. Shareholder Information - The company has a total of 381,368,000 shares outstanding, with 293,360,000 being unrestricted shares[92]. - The largest shareholder, Beijing Hanjian Group Co., Ltd., held 133,697,200 shares, representing 35.06% of the total shares[99]. - The company completed a non-public offering of 88,008,000 shares to five specific investors, approved by the China Securities Regulatory Commission on January 21, 2021[93]. - The total number of restricted shares at the beginning of the period was 88,008,000, with no new restricted shares added during the reporting period[95]. Financial Reporting and Accounting - The financial statements are prepared in accordance with the enterprise accounting standards, ensuring a true and complete reflection of the company's financial status[158]. - The company recognizes the operating results and cash flows of subsidiaries from the beginning of the reporting period in which control is obtained[165]. - The company measures expected credit losses for notes receivable and accounts receivable based on the entire lifetime expected credit loss amount, categorizing them into different groups based on credit risk characteristics[177]. - The company adopts the cost method for accounting long-term equity investments in subsidiaries and the equity method for joint ventures and associates[192].