GJNY(SZ:000096)2020-08-20 16:00Financial Performance - The company's operating revenue for the first half of 2020 was ¥587,605,946.97, a decrease of 26.31% compared to ¥797,401,158.23 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥27,606,294.65, down 22.23% from ¥35,498,544.70 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥21,993,347.62, a decrease of 28.24% compared to ¥30,646,404.99 in the same period last year[19]. - The basic earnings per share were ¥0.05, down 28.57% from ¥0.07 in the previous year[19]. - The total comprehensive income for the first half of 2020 was RMB 29,163,817.67, down from RMB 37,773,063.07 in the same period of 2019[133]. - The company reported a significant increase in accounts payable, which rose to CNY 691,187.32 from CNY 345,459.32, a growth of approximately 100%[124]. - The company reported a profit distribution of RMB -14,220,751.98, which includes a distribution to shareholders of RMB -10,560,000.00[147]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,943,012,432.69, a slight decrease of 0.13% from ¥2,946,707,959.22 at the end of the previous year[19]. - The total equity as of June 30, 2020, was RMB 2,751,028,143.04, slightly up from RMB 2,736,225,982.13[126]. - Total liabilities decreased to CNY 191,984,289.65 from CNY 210,481,977.09, reflecting a reduction of about 8.83%[126]. - The company's total equity as of June 30, 2020, was RMB 2,028,183,874.03, down from RMB 2,034,264,183.02 at the end of 2019, reflecting a decrease of about 0.3%[162]. Cash Flow - The net cash flow from operating activities was negative at -¥74,318,921.15, compared to -¥23,994,444.30 in the same period last year[19]. - The cash outflow for investing activities was -21,297.00 RMB, a notable decrease from -39,436,000.00 RMB in the same period of 2019, indicating a shift in investment strategy[171]. - The cash outflow for financing activities was -4,682,155.19 RMB, slightly improved from -4,708,570.60 RMB in the first half of 2019, showing a stable financing approach[171]. Revenue Sources - Revenue from refined oil was CNY 420,742,352.39, accounting for 71.60% of total revenue, down 16.77% year-on-year[40]. - Hazardous chemical trading revenue increased by 16.72% year-on-year to CNY 154,207,119.14, representing 26.24% of total revenue[40]. - The total sales volume of refined oil was 78,300 tons, a decrease of 33% year-on-year[35]. Operational Changes - The company has fully ceased its liquid chemical storage business and is exploring operational transformation[29]. - The company anticipates significant market challenges due to the transition to new energy vehicles, which may impact its fuel retail business[55]. - The company is focusing on enhancing its central control platform to improve customer service and expand its business operations[57]. Shareholder Information - The company did not distribute cash dividends or issue bonus shares for this period[4]. - The company’s major shareholder, Guangju Investment Holding Group, strictly fulfilled its non-competition commitment since its IPO in February 1999[61]. - The largest shareholder, Shenzhen Guangju Investment Holdings, holds 55.54% of the shares, totaling 293,270,377 shares[96]. Compliance and Governance - The financial statements were approved by the board on August 20, 2020, ensuring compliance with regulatory requirements[186]. - The company reported no major litigation or arbitration matters during the reporting period[65]. - The company did not experience any penalties or rectification issues during the reporting period[67].