JAHB(SH:603822)2022-08-28 16:00Financial Performance - The company's operating revenue for the first half of 2022 reached ¥1,212,705,407.31, representing a 67.75% increase compared to ¥722,917,143.05 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2022 was ¥55,019,127.91, up 26.00% from ¥43,664,380.26 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥52,071,976.17, reflecting a 20.07% increase from ¥43,366,325.38 in the same period last year[17]. - Basic earnings per share for the first half of 2022 were ¥0.7499, a 25.36% increase from ¥0.5982 in the same period last year[18]. - The diluted earnings per share increased by 23.58% to ¥0.7291 from ¥0.5900 in the previous year[18]. - The weighted average return on equity rose to 5.92%, an increase of 0.74 percentage points from 5.18% in the same period last year[18]. - The company's revenue for the first half of 2022 reached CNY 1,212,705,407.31, representing a year-on-year increase of 67.75%[36]. - The sales volume of environmentally friendly plasticizers decreased by 28.25% to 47,350.999 tons in the first half of 2022, with sales revenue declining by 19.45% to CNY 53,159.41 million[31]. - The company's biomass energy production increased by 86.83% to 72,537.12 tons in the first half of 2022, with sales revenue from biodiesel reaching CNY 61,826.37 million, a growth of 2,114.10%[33]. Assets and Liabilities - The company's total assets increased by 16.24% to ¥2,861,990,404.17 from ¥2,462,166,561.49 at the end of the previous year[17]. - The net assets attributable to shareholders rose by 4.65% to ¥945,660,014.21 compared to ¥903,655,425.55 at the end of the previous year[17]. - The company's total liabilities amounted to CNY 1.88 billion, compared to CNY 1.53 billion at the beginning of the year, indicating an increase of approximately 22.7%[112]. - The company's cash and cash equivalents decreased by 32.10% to CNY 228,617,512.61, indicating a tighter liquidity position[37]. - Accounts receivable increased by 61.35% compared to the end of the previous year, primarily due to the increase in operating income[38]. - Short-term borrowings increased by 47.81% compared to the end of the previous year, mainly due to an increase in bank working capital loans[38]. - Inventory increased by 34.25% compared to the end of the previous year, primarily due to an increase in finished goods[38]. - The company's total liabilities at the end of the period were 447,878,898 RMB, reflecting the company's financial obligations[150]. Cash Flow - The net cash flow from operating activities was negative at -¥56,561,139.51, compared to -¥4,388,864.15 in the same period last year, indicating a significant change in cash flow dynamics[17]. - The cash flow from operating activities showed a net outflow of CNY 56,561,139.51 in the first half of 2022, compared to a smaller outflow of CNY 4,388,864.15 in the first half of 2021[126]. - The company reported cash inflows from operating activities totaling CNY 1,382,472,293.85, up from CNY 728,955,740.70 in the previous year[125]. - Cash inflow from financing activities was CNY 383,553,173.79, compared to CNY 250,561,684.40 in the previous period, while cash outflow was CNY 391,515,494.19, leading to a net cash flow of -CNY 7,962,320.40[130]. Research and Development - The company has 20 pending national invention patents and 25 utility model patents as of June 2022, demonstrating its commitment to R&D[29]. - Research and development expenses increased by 15.18% to CNY 32,888,367.03, reflecting ongoing investment in new products and technologies[36]. - The company is investing $30 million in R&D for new technologies aimed at enhancing user experience and product efficiency[74]. - The company reported a decrease in research and development expenses to CNY 27,021,180.30 in the first half of 2022, compared to CNY 23,896,526.93 in the first half of 2021, reflecting a strategic shift in R&D investment[122]. Environmental Impact - The company reported a total wastewater discharge of 42,420 tons in the first half of 2022, a reduction from 105,630 tons in 2021[56]. - The company operates a wastewater treatment facility with a capacity of 400 tons per day, which has been functioning normally since its commissioning in January 2007[58]. - The company has committed to green manufacturing practices, aiming for zero emissions and pollution, and reducing packaging materials[64]. - The company emphasizes the recycling and reuse of waste materials in its production processes to minimize environmental impact[64]. Corporate Governance - The company held three shareholder meetings during the reporting period, including one annual meeting and two extraordinary meetings, with no proposals rejected or changes made to previous resolutions[51]. - The company appointed a new Chief Financial Officer, Wu Yimin, who also serves as the Secretary of the Board[52]. - There were no profit distribution or capital reserve transfer plans proposed for the first half of 2022[52]. - The controlling shareholder and actual controller maintained a good integrity status, with no unfulfilled court judgments or significant overdue debts[80]. Market Strategy - The company is expected to benefit from the gradual release of production capacity from its wholly-owned subsidiary's new biodiesel project in the second half of 2022[33]. - Market expansion plans include entering three new international markets by Q3 2023, projected to increase user base by 15%[73]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for potential deals[75]. - Future guidance indicates a projected revenue growth of 20% year-over-year, driven by new product launches and market expansion strategies[140]. Shareholder Information - The total number of shares before the change was 73,362,554, and after the change, it increased to 73,366,697 shares due to the conversion of convertible bonds[89]. - The largest shareholder, Tongxiang Shunchang Investment Co., Ltd., holds 29,835,498 shares, accounting for 40.67% of the total shares[92]. - The total number of shares held by the top ten unrestricted shareholders amounts to 40,000,000 shares[93]. - The company has not issued any preferred shares or bonds during the reporting period[97]. Financial Instruments and Accounting - The company classifies financial instruments based on the business model and cash flow characteristics, including financial assets measured at amortized cost and those measured at fair value[180]. - Financial liabilities can be designated at initial recognition as measured at fair value through profit or loss if it significantly reduces accounting mismatches[181]. - The company assesses the transfer of financial assets based on the retention of risks and rewards, terminating recognition if almost all risks and rewards are transferred[184]. - Expected credit losses for receivables are measured based on the entire lifetime of the financial asset, with a significant increase in credit risk triggering a full lifetime loss provision[189].