LEEJUN(SZ:002651)2019-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2019 was CNY 276,257,477, a slight increase of 0.02% compared to CNY 276,192,571.20 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 81,718,741.78, representing a growth of 3.02% from CNY 79,325,666.89 year-on-year[22]. - The net profit after deducting non-recurring gains and losses was CNY 67,710,204.16, which is a decrease of 6.40% compared to CNY 72,340,392.23 in the previous year[22]. - The net cash flow from operating activities was negative at CNY -1,654,386.79, a decline of 123.21% from CNY 7,129,191.29 in the same period last year[25]. - The total assets at the end of the reporting period were CNY 2,563,746,494.60, an increase of 2.11% from CNY 2,510,719,753.72 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company were CNY 2,076,524,596.33, up 1.47% from CNY 2,046,513,041.92 at the end of the previous year[25]. - The basic earnings per share remained stable at CNY 0.08, unchanged from the previous year[25]. - The company reported a total of CNY 14,008,537.62 in non-recurring gains and losses during the reporting period[27]. - The weighted average return on net assets was 3.93%, a slight decrease from 4.07% in the previous year[25]. Revenue Breakdown - The revenue from the cement roller press and its supporting equipment increased by 6.79% to CNY 108.78 million[58]. - The revenue from the mining high-pressure roller mill and its supporting equipment saw a significant decline of 208.94%, resulting in a negative revenue of CNY 10.07 million[58]. - The aviation parts and tooling design and manufacturing business reported a revenue drop of 77.15%, totaling CNY 12.03 million[58]. - Operating costs rose by 1.65% to CNY 150.91 million, with significant increases in costs associated with cement roller presses and supporting equipment[58]. - Management expenses surged by 37.85% to CNY 32.16 million, primarily due to stock incentive expenses[62]. Research and Development - The company has established a robust independent R&D system to maintain its innovation capabilities and industry leadership in roller press technology[40]. - The company is committed to supporting green and low-carbon production, aligning with national energy-saving and emission reduction goals[32]. - The company holds a total of 129 valid national patents, including 52 invention patents, with several more pending[45]. - The company's self-developed "CLF intelligent high-efficiency energy-saving roller press" is included in the National Torch Program[46]. - The company has achieved a significant improvement in the service life of components by 3-5 times and reduced metal consumption by over 50% through its self-created roller press technologies[48]. Investments and Fundraising - The total amount of funds raised was ¥97,759.54 million, with ¥16.69 million invested during the reporting period[81]. - The total amount of raised funds accumulated is CNY 600.72 million[84]. - The cumulative amount of changed use of raised funds is CNY 369.39 million, accounting for 37.79% of the total raised funds[84]. - The total investment amount for the large roller press system industrialization base construction project is CNY 496.60 million, with a completion rate of 99.63%[89]. - The company has authorized the use of up to RMB 200 million of idle fundraising and RMB 400 million of self-owned funds to purchase broker income certificates or principal-protected bank financial products[93]. Subsidiary Performance - The company’s subsidiary Chengdu Lijun Technology Co., Ltd. reported total assets of RMB 664.1197 million and net profit of RMB 19.08199 million[98]. - The subsidiary Sichuan Lijun Technology Industry Co., Ltd. reported total assets of RMB 115.3994 million and net profit of RMB 345.97131 thousand[98]. - Operating revenue for Chengdu Lijun Technology Co., Ltd. decreased by 45.09% to ¥32,169,864.84, primarily due to a decline in sales of cement roller presses and a return of previously sold products[102]. Risks and Challenges - The company faces risks related to aviation industry policy adjustments, economic policy regulation, raw material price fluctuations, and technological advancements[110]. - The marketing efforts for high-pressure roller mills in the mining sector are still in the initial stages, posing a risk to market expansion[111]. - The company plans to enhance product technology and internal management to maintain competitive advantages and improve risk resilience[110]. Corporate Governance - The company strictly fulfilled commitments made by its actual controller and shareholders during the reporting period, including share transfer restrictions and avoiding competition commitments[115]. - The company has not undergone any bankruptcy reorganization during the reporting period[119]. - There are no significant litigation or arbitration matters affecting the company, with a total amount involved in one case being CNY 32.01 million, which has been ruled on but not executed[120]. Shareholder Information - The major shareholder, He Yamin, holds 34.60% of the shares, totaling 352,039,997 shares[168]. - The total number of shareholders at the end of the reporting period was 40,255[168]. - The company did not conduct any repurchase transactions during the reporting period[171].