LEEJUN(SZ:002651)2022-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥420,258,321.88, a decrease of 19.83% compared to ¥524,184,492.53 in the same period last year[27]. - The net profit attributable to shareholders of the listed company was ¥102,126,501.31, down 28.01% from ¥141,867,568.29 year-on-year[27]. - The net profit after deducting non-recurring gains and losses was ¥99,360,589.43, a decrease of 23.67% compared to ¥130,171,558.08 in the previous year[27]. - The basic earnings per share were ¥0.10, down 28.57% from ¥0.14 in the same period last year[27]. - The total assets at the end of the reporting period were ¥3,236,562,186.36, an increase of 4.37% from ¥3,100,916,030.68 at the end of the previous year[27]. - The net assets attributable to shareholders of the listed company were ¥2,454,553,682.78, up 3.53% from ¥2,370,750,121.33 at the end of the previous year[27]. - The net cash flow from operating activities was ¥23,561,334.08, a significant decrease of 70.59% compared to ¥80,104,885.35 in the same period last year[27]. - The operating profit for the same period was CNY 121.18 million, down 27.72% year-on-year[54]. - The cash and cash equivalents net increase was CNY 102.23 million, a significant drop of 67.10% year-on-year[54]. - The total operating costs decreased by 14.97%, with the total operating cost amounting to 241.7275 million yuan compared to 284.2896 million yuan in the previous year[59]. - The company's gross profit margin for the manufacturing sector is 42.05%, a decrease of 3.58% compared to the previous year[71]. - The company's other income decreased by 37.15%, amounting to 4,593,480.16 compared to 7,308,581.20 in the same period last year[68]. - The company reported a significant decrease in asset disposal income, which fell by 126.07% compared to the previous year[68]. Market and Industry Position - The company focuses on the manufacturing of grinding systems and aerospace components, with key products including high-pressure roller mills used in cement and mineral processing industries[37]. - The high-pressure roller mill is recognized as one of the most efficient and energy-saving grinding devices, with significant applications in cement production and mineral processing, contributing to energy conservation and emission reduction[41]. - The domestic market for high-pressure roller mills has seen a shift towards local production, breaking the previous foreign monopoly, with increasing domestic market share[41]. - The company has established a strong market position in the grinding equipment sector, leveraging technological advancements to enhance product efficiency and sustainability[42]. - The aerospace component manufacturing segment is integrated with military and civilian applications, focusing on research, design, and production[45]. - The company is positioned to benefit from national policies promoting energy conservation and emission reduction, aligning with industry trends towards sustainable manufacturing practices[42]. - The market for grinding equipment is expanding due to increasing demands for energy-efficient solutions in the cement and mining industries, with a focus on reducing carbon emissions[41]. - The company has achieved technological breakthroughs in the application of roller mills in metallurgy and mining, enhancing its competitive edge in these sectors[45]. Research and Development - Research and development expenses increased by 15.41%, reaching 17,039,276.08 compared to 14,764,190.77 in the same period last year[68]. - The company is committed to continuous innovation and investment in technology to maintain its leading position in the grinding systems market[42]. - The company holds 133 valid national patents, including 53 invention patents, and obtained 11 new patents during the reporting period[63]. Subsidiaries and Investments - The company established a wholly-owned subsidiary, Chengdu Lijun Daguan Technology Co., Ltd., with an investment of ¥100,000,000 to implement a new heavy equipment manufacturing project[94]. - The company agreed to acquire 30% equity of its subsidiary Chengdu Dekun Aerospace Technology Co., Ltd. for RMB 15 million, with the transaction completed in June 2022[146]. - The company provided financial support of 62 million yuan to its subsidiary for operational needs, with a total financial assistance limit of up to 80 million yuan approved by the board[144]. - The company approved a guarantee limit of up to RMB 400 million for its wholly-owned subsidiary Li Jun Holdings (Singapore) Pte. Ltd., with actual guarantees totaling RMB 358.59 million during the reporting period[162]. Risks and Challenges - The company has acknowledged the risks associated with its future plans and strategies, urging investors to be cautious[5]. - The company faces risks related to policy changes in the aerospace industry, which could adversely affect its military product business[103]. - The company is implementing measures to mitigate risks from fluctuations in raw material prices, including pre-ordering and optimizing production processes[104]. - The company faces market expansion risks as its main product, high-pressure roller mills, has not been widely adopted in the mining and metallurgy sectors[108]. Corporate Governance and Social Responsibility - The company emphasizes the importance of social responsibility, balancing economic benefits with social contributions[125]. - The company strictly adheres to labor laws and regulations, ensuring employee rights and safety, and has established a comprehensive employee welfare mechanism, including health check-ups and financial support for employees in need[126]. - The company has implemented strict quality inspection procedures and safety management systems to continuously improve product quality and prevent major safety incidents[126]. - The company has not reported any changes in its board of directors, supervisors, or senior management during the reporting period[113]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,674, with significant shareholders holding over 5% of the shares[177]. - He Yamin and He Jia, who are father and daughter, collectively hold 60.38% of the company's shares and are considered acting in concert[178]. - The company reported a total of 1,033,460,000 shares, with 46.21% being restricted shares and 53.79% being unrestricted shares[172]. - The company has a significant shareholder, He Yamin, holding 32.34% of the shares, and another major shareholder, He Jia, holding 28.04%[177]. Financial Assistance and Transactions - The company provided financial assistance of RMB 62 million to its subsidiary Chengdu Dekun Aerospace Technology Co., Ltd. from July 2021 to January 2022[160]. - The company approved a financial assistance limit of up to RMB 80 million for its subsidiary Chengdu Dekun Aerospace Technology Co., Ltd., which includes the previously provided RMB 62 million[161]. - The company has no significant contracts, leasing, or entrusted financial management during the reporting period[147][149][154]. Audit and Compliance - The company's financial report for the first half of 2022 was not audited[194].