JOINTAS(SZ:002909)2023-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2023 was ¥635,932,424.75, a decrease of 13.25% compared to ¥733,089,703.67 in the same period last year[20]. - Net profit attributable to shareholders increased significantly to ¥10,452,521.62, up 699.38% from ¥1,307,586.58 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥9,146,522.04, compared to a loss of ¥1,891,041.92 in the same period last year, representing a 583.68% increase[20]. - The net cash flow from operating activities was ¥72,493,327.91, a turnaround from a negative cash flow of ¥84,174,227.09 in the previous year, marking a 186.12% improvement[20]. - Basic and diluted earnings per share rose to ¥0.0281, an increase of 702.86% from ¥0.0035 in the same period last year[20]. - Total assets at the end of the reporting period were ¥1,965,736,104.31, reflecting a 4.02% increase from ¥1,889,793,994.42 at the end of the previous year[20]. - The cost of sales decreased by 20.61% to ¥469,702,627.57 from ¥591,608,061.86 year-on-year[92]. - Research and development expenses increased by 6.80% to ¥31,564,099.12 from ¥29,553,112.95 year-on-year[92]. - The company's revenue for the reporting period was CNY 635.93 million, a year-on-year decrease of 13.25%[71]. - Net profit attributable to shareholders was CNY 10.45 million, a year-on-year increase of 699.38%[71]. Market and Industry Trends - The company operates in the chemical raw materials and chemical products manufacturing industry, focusing on the research, production, and sales of construction adhesives, industrial adhesives, and coatings[30]. - In the first half of 2023, the residential construction area was 557,083,000 square meters, a decrease of 6.9%, while the sales area of commercial housing was 59,515,000 square meters, down 5.3%[32]. - The market for construction silicone sealants is expected to remain stable, benefiting from policies supporting real estate financing and the recovery of leading real estate companies[32]. - The non-residential real estate sector has significant growth potential, with over 1,300 new infrastructure investment projects planned during the 14th Five-Year Plan, totaling more than 10 trillion yuan[33]. - The urban renewal plan is expected to boost demand for construction adhesives, with over 134,000 shantytown renovations and 5.25 million old community renovations initiated in 2022[35]. - By 2025, all new urban buildings are expected to be green buildings, promoting energy efficiency and reducing carbon emissions in the construction industry[36]. - The assembly-type construction policy is being strengthened, with a target for assembly-type buildings to account for 40% of new urban buildings by 2030[37]. - The demand for silicone sealants in assembly-type buildings is projected to increase significantly, as they are critical for sealing and waterproofing[37]. Product Development and Innovation - The company emphasizes the development of new products with excellent adhesion, weather resistance, and insulation properties[54]. - The company aims to expand its market presence in the photovoltaic and automotive sectors, leveraging its advanced adhesive technologies[52]. - The company is focused on R&D to innovate and improve product performance, ensuring compliance with environmental standards[54]. - The company has established a strong R&D team with 155 researchers, including 7 PhDs and 45 Masters, enhancing its core competitiveness through continuous innovation[78]. - The company has launched a new product, methyl silicone oil, which is expected to reduce product costs while being applicable in construction adhesives and electronic adhesives[75]. - The company has developed multiple water-based paint products since 2006, leading to a significant reduction in the use of traditional solvent-based paints[88]. Environmental Compliance and Sustainability - The company is committed to sustainable practices, producing low VOC and environmentally friendly products[54]. - The company has established a carbon emission intelligent monitoring center to support real-time monitoring of water supply, power supply, and energy consumption across various subsystems[157]. - The company has implemented measures to ensure that its emissions do not exceed the regulatory limits, with a focus on reducing VOCs to 8.8 mg/m³ in its operations[151]. - The company has achieved compliance in all environmental monitoring indicators, demonstrating effective pollution control measures[155]. - The company invested a total of 3.557 million yuan in environmental protection during the reporting period[154]. - The company has established emergency response plans for environmental incidents, with specific plans filed with local environmental authorities[153]. Community Engagement and Social Responsibility - The company donated approximately 200,000 RMB worth of blankets and sleeping bags to Turkey's disaster area and contributed 460,000 RMB to educational initiatives in various regions[163]. - The company actively participates in community welfare activities, including donations to local charities and educational foundations, demonstrating a commitment to social responsibility[163]. - The company engaged in agricultural support activities, including the recognition of millet planting and purchasing 8,605 kg of locally grown rice for employee distribution during holidays[167]. Corporate Governance and Financial Practices - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[171]. - The company has not reported any violations regarding external guarantees during the reporting period, reflecting sound financial practices[172]. - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[178]. - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal standing[175].