ZJR(SZ:002021)2022-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥512,835,165.43, a decrease of 0.41% compared to ¥514,955,270.46 in the same period last year[21]. - Net profit attributable to shareholders increased by 39.58% to ¥20,612,901.25 from ¥14,768,160.67 year-on-year[21]. - The net profit after deducting non-recurring gains and losses rose by 62.69% to ¥19,806,808.50 compared to ¥12,174,605.83 in the previous year[21]. - The basic earnings per share increased by 39.53% to ¥0.0300 from ¥0.0215 in the same period last year[21]. - The weighted average return on equity rose significantly by 14.48 percentage points to 16.80% from 2.32% year-on-year[21]. - The gross profit margin for the main business slightly increased due to the appreciation of the US dollar and a slight rise in sales prices[40]. - The company reported a net profit of 373 million yuan for the current period, down from 432 million yuan in the previous year, indicating a decline of 13.65%[187]. - The total comprehensive income for the first half of 2022 was 14 million, indicating a significant decline from the previous year[190]. Assets and Liabilities - Total assets decreased by 5.72% to ¥1,381,955,112.78 from ¥1,465,874,829.10 at the end of the previous year[21]. - The company's total liabilities as of June 30, 2022, were CNY 1,244,573,541.18, down from CNY 1,349,142,125.27 at the start of the year, indicating a reduction of about 7.8%[168]. - The total equity attributable to shareholders of the parent company increased to CNY 132,949,660.43 from CNY 112,397,133.14, reflecting a growth of approximately 18.4%[168]. - The company's total liabilities were reported at 3.6 billion yuan, which is an increase of 2.4% compared to the previous year[187]. Cash Flow - The net cash flow from operating activities showed a significant decline of 107.60%, dropping to -¥16,207,008.91 from ¥213,247,677.78 in the same period last year[21]. - Cash inflow from operating activities totaled 551,682,446.81 CNY, down from 1,872,028,153.21 CNY in the previous year[180]. - Cash outflow from operating activities was 567,889,455.72 CNY, compared to 1,658,780,475.43 CNY in the same period of 2021[180]. - The ending balance of cash and cash equivalents was 134,224,052.45 CNY, down from 200,244,184.28 CNY at the end of the first half of 2021[181]. Investment and R&D - The company has invested 130 million RMB in advanced flexible manufacturing lines, significantly improving production efficiency and capacity[36]. - Research and development investment increased by 30.60% year-on-year, totaling CNY 13.77 million, primarily due to an increase in R&D personnel[44]. - The company completed 29 patent applications during the reporting period, indicating a focus on innovation[42]. - The company is actively pursuing digital transformation initiatives to enhance management efficiency and operational effectiveness[42]. Market and Sales - The company has established a marketing network consisting of nearly 500 first-level distributors, enhancing brand visibility and market reach[34]. - Domestic sales of sewing equipment saw a significant decline, with a year-on-year drop of 19.24% in domestic revenue[47]. - Domestic sales amounted to ¥259.81 million, reflecting a decrease of 16.95% year-on-year, while overseas sales increased by 32.43% to ¥248.45 million[49]. Risks and Legal Matters - The report highlights potential risks and future plans, urging investors to pay attention to investment risks[3]. - The company faces significant risks, including a 48.45% revenue exposure to foreign markets, making it vulnerable to exchange rate fluctuations, particularly against the US dollar[80]. - The company is under investigation by the China Securities Regulatory Commission for alleged information disclosure violations, which could lead to significant penalties and potential delisting risks[80]. - The company is appealing a court ruling that could impose significant financial liabilities, which may affect its financial stability and operations[83]. Corporate Governance - The annual shareholders meeting had a participation rate of 29.94% and was held in June 2022[88]. - There were no changes in the board of directors, supervisors, or senior management during the reporting period[89]. - The company has not encountered any significant changes in the planned investment direction or expected returns for the projects[65]. Environmental and Social Responsibility - The company emphasizes employee welfare by ensuring timely payment of salaries and providing medical insurance and health check-ups[99]. - The company has established an emergency response plan for environmental incidents, which includes various specialized teams[96]. - The company has installed an online monitoring system for pollution sources, which has passed inspection by environmental authorities[97].