2021-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥418,371,887.26, a decrease of 11.01% compared to ¥470,121,307.00 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥51,837,891.19, down 40.07% from ¥86,490,641.69 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥57,265,209.40, a decrease of 29.05% compared to ¥80,711,735.69 in the same period last year[20]. - The net cash flow from operating activities was ¥370,474,383.16, which is a decline of 21.35% from ¥471,033,021.44 in the previous year[20]. - Basic earnings per share decreased by 42.15% to CNY 0.140 compared to the same period last year[22]. - Diluted earnings per share also decreased by 42.15% to CNY 0.140 compared to the same period last year[22]. - The weighted average return on equity dropped by 1.98 percentage points to 2.44% compared to the same period last year[22]. - The gross profit for the first half of 2021 was CNY 78,568,292.73, with a gross margin of 18.78%, down from CNY 137,230,677.61 and a gross margin of 29.19% in the previous year[43]. - The company's revenue for the first half of 2021 was CNY 418,371,887.26, a decrease of 11.01% compared to CNY 470,121,307.00 in the same period of 2020[45]. - The net profit attributable to the parent company for the first half of 2021 was CNY 51,837,891.19, representing a decrease of 40.07% from CNY 86,490,641.69 in the same period last year[43]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,279,273,819.32, an increase of 2.47% from ¥2,224,359,551.49 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were ¥2,117,391,603.83, reflecting a slight increase of 0.46% from ¥2,107,791,120.85 at the end of the previous year[20]. - Total current assets as of June 30, 2021, amounted to RMB 1,492,439,955.40, an increase from RMB 1,450,613,628.93 as of December 31, 2020[112]. - The total current assets increased to ¥1,120,125,785.33 from ¥929,233,272.24, showing a growth of approximately 20.6%[118]. - Total liabilities increased to ¥161,882,215.49 from ¥116,568,430.64, representing a growth of approximately 38.8%[116]. - Total liabilities increased to CNY 638,288,474.88, compared to CNY 396,099,042.40 in the previous year[122]. - The total non-current assets include fixed assets valued at RMB 658,950,503.67, slightly down from RMB 667,605,005.22[112]. Cash Flow - Cash and cash equivalents increased by 86.32% to CNY 350.25 million, primarily due to seasonal production halts leading to higher cash inflows from sales[50]. - The company's operating cash flow for the first half of 2021 was CNY 370,474,383.16, down 21.35% from CNY 471,033,021.44 in the previous year[45]. - The cash and cash equivalents at the end of the period amounted to ¥261,338,645.97, down from ¥668,562,628.66 at the end of the first half of 2020[137]. - The company reported a significant increase in cash received from other operating activities, which increased significantly to ¥67,061,471.90 from ¥4,302,153.36 in the previous year[135]. - The company incurred financial expenses of approximately ¥2.15 million in the first half of 2021, compared to a financial income of approximately ¥5.42 million in the same period of 2020[130]. Risks and Challenges - The company faces risks including supply shortages of key raw materials, uncertainties from the global COVID-19 pandemic, and rising logistics costs[6]. - The ongoing COVID-19 pandemic presents uncertainties in the operating environment, potentially affecting production and logistics[57]. - The company faced risks related to raw material supply shortages, with apple procurement costs accounting for approximately 65% of product costs[55]. - Rising logistics costs are a concern due to complex international trade environments and COVID-19 impacts, leading to increased shipping costs[59]. - The company is monitoring the pandemic situation and communicating with clients to mitigate the impact of rising shipping costs[60]. Research and Development - Research and development expenses increased by 72.48% to CNY 1,486,610.18 compared to CNY 861,917.82 in the same period last year[45]. - The R&D center, established with an investment of over CNY 40 million, supports new product development and technological advancements[33]. - The company is diversifying its product offerings by developing and selling apple fructose, pear fructose, and drinking water to reduce dependence on concentrated juice[58]. Environmental Compliance - Three subsidiaries have been listed as key pollutant discharge units by local environmental authorities, indicating environmental compliance challenges[68]. - The company has established wastewater treatment plants for its subsidiaries, with White Water Andeli's plant built in 2004, Dalian Andeli's in 2007, and Yongji Andeli's in 2007, all passing environmental protection assessments by 2008 and 2009[73]. - The company has implemented online monitoring systems for wastewater discharge, ensuring real-time self-monitoring capabilities[76]. - The company emphasizes green and sustainable practices as part of its long-term strategy, aiming to create a resource-saving and environmentally friendly enterprise[78]. Shareholder Information - The total number of shares before the change was 378,000,000, with a decrease of 10,700,000 shares, resulting in a total of 367,300,000 shares after the change[100]. - The total number of shareholders at the end of the reporting period was 7,200, including 7,177 A-share shareholders and 23 H-share shareholders[101]. - The largest shareholder, Hong Kong Central Clearing, held 96,888,626 shares, representing 26.38% of the total shares[102]. - The company has a 36-month lock-up period for shares post-IPO for major shareholders[82]. Management and Governance - The company has appointed a new vice president while another has resigned, indicating changes in management structure[65]. - The company has committed to taking remedial measures for any issues arising during the reporting period[84]. - The company has no significant litigation or arbitration matters during the reporting period[90]. - The company has maintained good integrity status with no major debts or court judgments unfulfilled[90]. Strategic Plans - The company aims to capitalize on the growing demand for natural and additive-free juices in developing countries[30]. - The company plans to optimize its customer base by actively seeking new clients through various channels such as exhibitions and client visits[41]. - The company is planning to expand its market presence and product offerings, although specific new products and technologies were not detailed in the report[106].