LFBC(SZ:002513)2022-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥884,189,774.47, representing a 38.09% increase compared to ¥640,322,365.49 in the same period last year[23]. - The net profit attributable to shareholders of the listed company reached ¥2,457,615.73, a significant turnaround from a loss of ¥13,507,735.71 in the previous year, marking an increase of 118.19%[23]. - Basic and diluted earnings per share improved to ¥0.0070 from -¥0.0397, reflecting a 117.63% increase[23]. - The company's revenue for the reporting period reached ¥884.19 million, representing a 38.09% increase compared to ¥640.32 million in the same period last year[45]. - The company's revenue for the agricultural chemicals segment reached ¥823,779,589.65, representing a year-on-year increase of 28.65%[48]. - The gross profit margin for the agricultural chemicals segment decreased by 3.81% compared to the previous year, now standing at 4.77%[48]. - The company reported a total revenue of 1,440,815,000 CNY for the period, with a net profit of 199,948,300 CNY[65]. - The company reported a total comprehensive income of 1.1 billion yuan for the first half of 2022, reflecting a strong performance in its operations[182]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,117,506,622.68, up 22.54% from ¥1,727,949,962.51 at the end of the previous year[23]. - Total assets reached 2.12 billion yuan, up 22.54% from the previous year, while total liabilities increased by 36.44% to 1.45 billion yuan[37]. - The company's total assets increased to ¥2,292,564,650.66 as of June 30, 2022, up from ¥2,089,255,953.94 at the beginning of the year[162]. - Total liabilities increased to CNY 1,448,026,001.05 from CNY 1,061,312,988.31, marking a rise of about 36.4%[158]. - The total liabilities at the end of the current period are 1,098 million yuan, which is a decrease from 1,274 million yuan in the previous year, showing a reduction of approximately 14%[186]. Cash Flow - The net cash flow from operating activities was -¥46,181,038.45, a decline of 204.28% compared to ¥44,283,807.14 in the same period last year[23]. - The company reported a total cash and cash equivalents balance of ¥17,942,975.98 at the end of the first half of 2022, down from ¥140,497,478.41 at the end of the first half of 2021[172]. - The company experienced a net cash decrease of ¥15,024,050.46 in the first half of 2022, compared to a decrease of ¥86,297,489.79 in the first half of 2021[172]. - The cash outflow for financing activities totaled 152,776,767.41 CNY, which is an increase from 133,832,065.67 CNY in the prior period[174]. Research and Development - The company's R&D investment decreased by 68.03% to ¥2.27 million from ¥7.09 million due to capitalized expenditures on collaborative projects with research institutions[45]. - The company has allocated 44 million yuan for research and development in the first half of 2022, emphasizing its commitment to innovation[182]. - Research and development expenses decreased to ¥2,266,478.70 from ¥7,089,994.86 in the first half of 2021, a reduction of approximately 68%[165]. Market and Competition - The agricultural pesticide industry remains in a high prosperity phase, despite challenges from rising production costs and supply chain disruptions[31]. - The company is facing intense market competition in the pesticide industry, with many small manufacturers posing a challenge despite its strong production capacity and reliable product quality[67]. - To mitigate market competition risks, the company plans to accelerate technological upgrades, reduce costs, and expand into emerging markets[67]. - The company is exploring potential mergers and acquisitions to enhance its competitive edge in the market[182]. Environmental and Safety Measures - The company has implemented a comprehensive waste gas treatment plan, achieving significant improvements in equipment integration, automation, and pipeline sealing[84]. - The company has made substantial investments in pollution control technologies, leading to a stable and continuous reduction in various pollutants[82]. - The company has established a hazardous waste temporary storage facility that meets the requirements of the Hazardous Waste Storage Pollution Control Standards[86]. - The company organized a total of 7 workshop-level drills and 1 hazardous waste special drill in the first half of 2022[88]. Shareholder and Stock Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company launched a stock incentive plan, granting up to 33.95 million restricted shares at a price of 3.00 CNY per share to attract and retain key talent[76]. - The stock incentive plan is designed to comply with relevant regulations and is expected to contribute positively to the company's long-term performance[133]. - The total number of restricted shares before the change is 25,670,446, representing 7.55% of the total shares[132]. Legal Matters - The company is involved in a lawsuit regarding performance compensation amounting to 62.5 million yuan, with ongoing enforcement proceedings[105]. - The company is pursuing a performance compensation of 55.02 million yuan due to a court ruling against a former employee[106]. - A court has ordered the immediate execution of a compensation amounting to 69 million yuan from a former employee's bank account[107]. - The company is involved in a legal dispute with Beijing Bochengli New Environment Technology Co., with a claim amount of 13.33 million yuan[108].