NGL(SZ:002836)2022-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥77,391,086.26, representing a 12.86% increase compared to ¥68,570,086.12 in the same period last year[22]. - The net profit attributable to shareholders was ¥8,710,561.77, which is a 13.90% increase from ¥7,647,463.50 in the previous year[22]. - The basic earnings per share remained unchanged at ¥0.05, consistent with the same period last year[22]. - The weighted average return on equity increased to 2.38%, up from 1.94% in the previous year[22]. - The company's revenue for the reporting period was ¥77,391,086.26, representing a year-on-year increase of 12.86% compared to ¥68,570,086.12 in the same period last year[48]. - The company's total profit for the first half of 2022 was CNY 9,585,954.26, compared to CNY 7,669,893.14 in the same period of 2021, reflecting a growth of 25%[176]. - The total comprehensive income for the first half of 2022 was CNY 8,710,561.77, compared to CNY 7,647,463.50 in the same period of 2021, marking an increase of 13.9%[176]. Cash Flow and Investments - The net cash flow from operating activities decreased by 43.35% to ¥20,391,843.19, down from ¥35,997,095.32 in the same period last year[22]. - The net cash flow from investing activities was -¥6,160,679.33, a significant decrease of 104.93% compared to the previous year's net cash inflow of ¥124,875,951.71[48]. - The company's cash and cash equivalents decreased by 78.29% to ¥14,242,756.35 from ¥65,598,351.00[48]. - The company's operating cash flow for the first half of 2022 was ¥20,391,843.19, a decrease of 43.2% compared to ¥35,997,095.32 in the same period of 2021[181]. - The net cash flow from investment activities was -¥6,160,679.33, a decline from ¥124,875,951.71 in the previous year, indicating a shift in investment strategy[182]. - The company's cash flow from financing activities was negative at -¥95,271,349.52, indicating a significant outflow compared to the previous year[182]. Assets and Liabilities - The total assets at the end of the reporting period were ¥437,698,332.83, reflecting a 4.10% increase from ¥420,464,680.97 at the end of the previous year[22]. - The total liabilities increased to ¥114,737,389.05 from ¥58,214,298.96, indicating a significant rise in financial obligations[168]. - Shareholders' equity decreased to ¥322,960,943.78 from ¥362,250,382.01, reflecting a decline of 10.8%[168]. - Current assets as of June 30, 2022, totaled ¥220,857,291.74, an increase from ¥203,717,997.34 at the beginning of the year[166]. Business Operations and Market Position - The main business of the company is cigarette labels, which are crucial for brand building, cultural dissemination, and anti-counterfeiting in the tobacco industry, with an overall market size of approximately 30-40 billion RMB[30]. - The company has established partnerships with major tobacco companies, including Zhejiang, Yunnan, Guangdong, and Sichuan Tobacco, becoming a leading professional cigarette label service provider in China[33]. - The company has a strong production capacity with multiple leading printing production lines, enabling it to meet large-scale and multi-batch manufacturing demands efficiently[41]. - The company emphasizes a comprehensive service model that integrates design, manufacturing, and service, allowing for rapid response to customer needs and effective product development[44]. - The overall scale of the cigarette label printing industry is considered a "golden field" due to its stable orders, cash flow, and higher profit margins compared to other consumer packaging sectors[30]. Research and Development - The company has filed 13 new national patents during the reporting period and actively participates in the formulation of national and industry standards[42]. - Research and development expenses decreased by 10.09% to ¥5,070,051.67 from ¥5,638,790.99[48]. Risks and Challenges - The company faces certain risks and uncertainties, which are detailed in the management discussion and analysis section of the report[4]. - The company faces risks from rising raw material prices and declining product prices, which could impact gross margins, and plans to minimize these effects through scale production and cost management[76]. - There is a risk of goodwill impairment if the acquired entities experience deteriorating operational conditions, which could negatively impact the company's financial results[79]. Environmental and Social Responsibility - The company has implemented environmental protection measures, ensuring that all wastewater and emissions meet regulatory standards[90][92]. - The company has established a comprehensive environmental monitoring plan and conducts regular third-party assessments to ensure compliance with environmental regulations[97]. - The company has been recognized as a "Clean Production Enterprise" in Chaozhou and has maintained a blue card rating for environmental credit for five consecutive years[105]. - The company actively participates in social responsibility initiatives, including producing protective masks during the pandemic[107]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,288[153]. - The largest shareholder, Yize Holdings Limited, holds 63.74% of the shares, totaling 101,977,000 shares[153]. - The company did not experience any changes in its controlling shareholder during the reporting period[156].