JHS(SH:603922)2022-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥223,472,788.62, a decrease of 7.50% compared to ¥241,589,024.77 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was -¥1,847,028.63, an improvement of 71.15% from -¥6,403,214.54 in the previous year[17]. - The net cash flow from operating activities was ¥44,774,580.40, down 13.65% from ¥51,850,236.27 in the same period last year[17]. - The total assets at the end of the reporting period were ¥1,228,348,530.01, a decrease of 2.29% from ¥1,257,120,653.52 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were ¥1,047,482,888.44, a slight decrease of 0.78% from ¥1,055,729,917.07 at the end of the previous year[17]. - The basic earnings per share for the reporting period was -¥0.01, an increase of 80.00% compared to -¥0.05 in the same period last year[18]. - The weighted average return on net assets was -0.18%, a decrease of 0.8 percentage points from 0.62% in the previous year[19]. - The total comprehensive income for the first half of 2022 was CNY -1,847,028.63, compared to CNY -6,403,214.54 in the same period of 2021, indicating a significant reduction in losses[107]. Cash Flow and Investments - The company's investment activities generated a net cash flow of -CNY 65,733,848.18, a significant decrease compared to CNY 1,476,183.91 in the previous year[36]. - The cash inflow from investment activities rose significantly to ¥277,594,517.31 in the first half of 2022, compared to ¥111,614,727.78 in the same period of 2021, marking an increase of approximately 148.5%[113]. - The net cash flow from investment activities turned negative at -¥65,733,848.18 in the first half of 2022, compared to a positive cash flow of ¥1,476,183.91 in the first half of 2021[113]. - The total cash and cash equivalents at the end of the first half of 2022 stood at ¥317,883,357.02, compared to ¥201,653,787.25 at the end of the first half of 2021, indicating an increase of approximately 57.7%[113]. Research and Development - The company has developed 33 projects as of June 2022, with 5 new R&D projects undertaken in the first half of the year[30]. - The company focuses on advanced mold design and manufacturing technology, achieving multiple patents in core technologies[26]. - The company has obtained a total of 27 invention patents and 101 utility model patents, with 2 new invention patents and 11 utility model patents added in the first half of 2022[31]. Market and Industry Trends - In the first half of 2022, the national automobile production and sales reached 12.117 million and 12.057 million units, representing a year-on-year decline of 3.7% and 6.6% respectively[24]. - New energy vehicle production and sales reached 2.661 million and 2.600 million units, showing a year-on-year growth of 120%[24]. - The automotive parts industry is expected to maintain a long-term positive trend despite recent market fluctuations[25]. Environmental Compliance - The company has been listed as a key pollutant discharge unit, but has not faced any major environmental violations or penalties during the reporting period[54]. - The company’s waste gas emissions were well below the regulatory standards, with nitrogen oxides measured at 39 mg/m3 against a limit of 300 mg/m3[55]. - The company has established wastewater pre-treatment facilities, ensuring that both production and domestic wastewater are treated and discharged into the municipal sewage system[58]. - The company has developed an emergency response plan for environmental incidents, which has been filed with relevant authorities[61]. Shareholder and Governance Matters - The company has committed to a stable dividend policy, ensuring cash dividends in years with positive net profit and retained earnings[72]. - The actual controllers of the company have pledged not to transfer more than 25% of their shares during their tenure as directors and senior management, with a six-month restriction post-departure[69]. - The company has established a long-term commitment to investor returns through consistent and stable profit distribution policies[72]. - The company has improved its corporate governance structure and internal control measures in accordance with the requirements for listed companies[33]. Financial Position and Assets - The company's total liabilities decreased from CNY 201,390,736.45 to CNY 180,865,641.57, a reduction of about 10.5%[100]. - The company's cash and cash equivalents decreased from CNY 370,936,384.22 to CNY 343,491,069.22, a decline of approximately 7.3%[99]. - The total equity at the end of the reporting period was 1,047,482,888.44, reflecting a slight decrease from the previous year's total of 1,039,144,826.69[122]. Accounting Policies and Financial Reporting - The company's financial statements comply with the requirements of the enterprise accounting standards, reflecting its financial position and operating results accurately[152]. - The company recognizes joint operations by confirming individually held assets and liabilities, as well as shared assets and liabilities based on its share[165]. - The company assesses expected credit losses based on the risk of default, with different stages determining the measurement of loss provisions[179].