JOINTAS(SZ:002909)2022-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥733.09 million, a decrease of 8.99% compared to ¥805.53 million in the same period last year[19]. - The net profit attributable to shareholders was approximately ¥1.31 million, down 91.85% from ¥16.05 million in the previous year[19]. - Basic and diluted earnings per share were both ¥0.0035, a decline of 94.93% from ¥0.0691 in the previous year[19]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, with a loss of approximately ¥1.89 million compared to a profit of ¥13.11 million in the previous year, representing a decrease of 114.43%[19]. - The company reported a significant increase in revenue, with a year-over-year growth of 15% in the first half of 2022[51]. - The company achieved a net profit of 148.46 million, a 10% increase compared to the previous year[130]. - The company reported a total revenue of 709.1 million for the first half of 2022, with a year-on-year increase of 2.29%[176]. - The company achieved operating revenue of 73,308.97 million yuan, a year-on-year decrease of 8.99%[62]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥1.92 billion, an increase of 1.60% from ¥1.89 billion at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 4.94%, amounting to approximately ¥800.96 million compared to ¥842.57 million at the end of the previous year[19]. - Cash and cash equivalents decreased by 10.93% to CNY 208,008,775, accounting for 10.84% of total assets, primarily due to land purchase payments[107]. - Accounts receivable increased by 4.50% to CNY 523,288,327, representing 27.26% of total assets, attributed to extended collection periods[107]. - Inventory rose to CNY 124,039,142, up 0.73% from the previous year, now accounting for 6.46% of total assets, due to an increase in raw materials and goods[107]. - Short-term borrowings increased by 3.35% to CNY 397,849,299, making up 20.73% of total liabilities, mainly due to an increase in bank loans with a maturity of less than one year[107]. Research and Development - The R&D budget has been increased by 15% to accelerate the development of innovative products in the electronics and automotive sectors[51]. - The company invested 29.55 million yuan in R&D during the reporting period, a year-on-year increase of 0.79%[83]. - The company holds 117 valid patents, including 85 invention patents[83]. - The company has a strong R&D team with 144 personnel, including 5 PhDs and 44 master's degree holders[82]. - Research and development expenses increased by 12% to 52 million, focusing on innovative chemical products[129]. Market and Industry Trends - The organic silicone adhesive industry is expected to grow steadily due to increasing demand in emerging markets such as new energy vehicles, photovoltaic, and 5G communications[28]. - The market for organic silicone sealants in the construction industry is projected to remain stable, driven by urban renewal projects and increasing demand for residential quality improvements[29]. - By 2025, the proportion of prefabricated buildings in new urban construction is expected to exceed 30%, with significant growth potential in this segment[30]. - The demand for adhesive and potting materials in new energy vehicle batteries is increasing, with organic silicone adhesives becoming a primary material due to their superior performance[34]. - The company is positioned to benefit from the high-quality development of the organic silicone industry, as policies restrict low-end production capacity and promote environmental standards[28]. Strategic Initiatives - The company plans to invest in a project with an annual production capacity of 20,000 tons of vinyl silicone oil and 20,000 tons of new energy sealant, among others, to enhance profitability[62]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2024[51]. - A strategic acquisition of a local competitor is expected to enhance the company's product offerings and distribution network, projected to close by Q3 2023[51]. - The company is actively expanding into new markets such as steel structure manufacturing, mechanical equipment, and new energy vehicles, aiming to cultivate future growth points[59]. Environmental and Social Responsibility - The company has implemented strict environmental protection measures, ensuring all pollutants are treated in compliance with regulations[148]. - The company has reduced VOC emissions by 60%-70% through the use of water-based coatings compared to traditional oil-based paints[153]. - The company has established emergency response plans for environmental incidents, with registrations completed at local environmental protection bureaus[152]. - The company donated a total of 110,000 RMB in scholarships to educational institutions and supported community welfare initiatives, including donations to children's welfare[159]. Corporate Governance and Compliance - The company will not distribute cash dividends or issue bonus shares for the half-year period, focusing instead on reinvestment strategies[140]. - The company has a stock incentive plan in place, with 706,580 restricted shares eligible for release, representing 0.19% of the total share capital[141]. - The company has not faced any environmental pollution incidents or penalties during the reporting period[153]. - The company has not reported any significant contracts during the reporting period[194].