JAHB(SH:603822)2021-08-23 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥722,917,143.05, representing a 57.29% increase compared to ¥459,595,110.15 in the same period last year[19] - The net profit attributable to shareholders for the first half of 2021 was ¥43,664,380.26, a 95.51% increase from ¥22,333,957.86 in the previous year[19] - The basic earnings per share for the first half of 2021 was ¥0.5982, up 96.45% from ¥0.3045 in the same period last year[20] - The diluted earnings per share for the first half of 2021 was ¥0.5900, an increase of 93.76% compared to ¥0.3045 in the same period last year[20] - The company reported a net profit after deducting non-recurring gains and losses of ¥43,366,325.38, which is a 103.71% increase from ¥21,288,524.27 in the same period last year[19] - Revenue increased by 57.29% year-on-year, primarily due to the rise in unit product prices and expanded sales volume of plasticizer products following the market rebound post-pandemic[6] - Net profit attributable to shareholders increased by 95.51% year-on-year, driven by revenue growth and improved product gross margins[6] - Basic earnings per share increased by 96.45% year-on-year, attributed to the growth in net profit attributable to shareholders[6] - The overall gross profit margin improved to 19.94%, an increase of 5.42 percentage points from 14.52% in the same period of 2020[43] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,070,920,807.69, a 1.78% increase from ¥2,034,707,033.21 at the end of the previous year[19] - The company's net assets attributable to shareholders at the end of the reporting period were ¥855,157,153.38, reflecting a 3.35% increase from ¥827,413,698.22 at the end of the previous year[19] - The company's total assets as of June 30, 2021, amounted to ¥1,637,820,330.58, an increase from ¥1,578,272,850.53 at the end of 2020[133] - Total liabilities stood at ¥1,183,215,791.69, slightly up from ¥1,169,950,392.36, indicating an increase of approximately 1.1%[130] - The company's equity attributable to shareholders rose to ¥855,157,153.38 from ¥827,413,698.22, reflecting an increase of about 3.3%[130] Cash Flow - The net cash flow from operating activities for the first half of 2021 improved to -¥4,388,864.15, a 93.48% improvement from -¥67,302,722.21 in the same period last year[19] - The net cash flow from operating activities improved significantly, with a year-on-year increase of 93.48%, attributed to the growth in net profit attributable to shareholders[48] - The company’s cash and cash equivalents decreased by 46.72% due to investments in construction projects and inventory purchases[51] - The company reported a net cash flow from operating activities of RMB -4,388,864.15 for the first half of 2021, an improvement from RMB -67,302,722.21 in the first half of 2020[141] Research and Development - Research and development expenses rose by 76.67% to CNY 28,555,019.31, reflecting ongoing investment in new products and technologies[48] - The company has invested CNY 2,855.50 million in R&D for 15 new products, including a new type of epoxy fatty acid methyl ester, which has been recognized as a provincial-level industrial new product[46] - Research and development expenses for the first half of 2021 were ¥28,555,019.31, up from ¥16,162,661.89 in the same period of 2020, showing an increase of 76.6%[134] Environmental and Social Responsibility - The company strictly adheres to pollution control measures, including a complete wastewater collection and treatment system, ensuring compliance with environmental standards[71] - The company has established a robust system for handling hazardous waste generated during production processes, ensuring proper disposal by qualified agencies[71] - The company reported a total wastewater discharge of 36,960 tons in the first half of 2020, which increased to 41,490 tons in the first half of 2021, with key pollutants being within the regulatory limits[72] - The company donated 100,000 yuan for the construction of a primary school in January 2021, contributing to rural revitalization efforts[80] Corporate Governance - The company held a total of 4 shareholder meetings during the reporting period, including 1 annual meeting and 3 temporary meetings, with no proposals being rejected or changed[66] - The company experienced changes in its board, with the resignation of the financial director and an independent director[67] - The company has not disclosed any progress or changes regarding employee stock ownership plans or other incentive measures[70] Future Outlook and Strategy - The company plans to expand its market presence and invest in new product development to drive future revenue growth[162] - The company is considering potential mergers and acquisitions to strengthen its market position and diversify its product offerings[156] - The future outlook remains cautious, with guidance suggesting a potential revenue growth of 5-10% in the upcoming quarters[156] Financial Compliance and Audit - The company received a non-standard audit opinion for the 2020 annual report, which has since been resolved as confirmed by the audit firm on June 4, 2021[92] - The company incurred a penalty of 1 million RMB for non-compliance, with the actual controller also fined 1 million RMB, and two directors fined 500,000 RMB each[96] - The company has completed the required rectifications as mandated by the regulatory authority following the penalties imposed[93] Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 8,339[108] - The largest shareholder, Tongxiang Shunchang Investment Co., Ltd., held 16,700,000 shares, representing 22.76% of the total shares[110] - The total number of shares held by the top ten shareholders was 29,835,498, with no repurchase accounts among them[112] Convertible Bonds - The company issued convertible bonds totaling 185 million RMB, with a maturity of 6 years and an annual interest payment structure[125] - The total amount of convertible bonds converted during the reporting period was 63,000 RMB, resulting in 1,398 shares being issued[121] - The remaining amount of convertible bonds that have not been converted is 184,607,000 RMB, which constitutes 99.79% of the total issued convertible bonds[121]