JMC(SZ:200550)2021-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 17.68 billion, representing a 25.60% increase compared to CNY 14.07 billion in the same period last year[26]. - The net profit attributable to shareholders was CNY 405.21 million, a significant increase of 95.03% from CNY 207.77 million year-on-year[26]. - The net profit after deducting non-recurring gains and losses was CNY 113.84 million, up 130.68% from CNY 49.35 million in the previous year[26]. - The basic earnings per share rose to CNY 0.47, reflecting a 95.03% increase compared to CNY 0.24 in the same period last year[26]. - The total operating revenue for the first half of 2021 was RMB 17,675,621,088, representing a 25.5% increase from RMB 14,073,417,878 in the same period of 2020[150]. - The net profit attributable to shareholders of the parent company reached RMB 405,214,055, up 95.1% from RMB 207,771,782 in the first half of 2020[150]. - The total profit for the first half of 2021 was RMB 421,564,950, compared to RMB 221,908,939 in the same period of 2020, reflecting a growth of 90.0%[150]. - The total comprehensive income for the first half of 2021 was RMB 405,214,055, compared to RMB 207,771,782 in the same period of 2020, showing a growth of 95.1%[150]. Cash Flow and Assets - The net cash flow from operating activities was CNY 69.92 million, a decrease of 90.48% compared to CNY 734.28 million in the same period last year[26]. - Cash flow from operating activities saw a significant decline of 90.48%, totaling ¥69,917,849, mainly due to increased payments to suppliers[40]. - The company's cash and cash equivalents decreased to RMB 10,950,186,735 from RMB 11,121,955,129, a decline of about 1.5%[146]. - The total cash inflow from operating activities was RMB 19,793,001,003, up 34.5% from RMB 14,686,395,128 in the first half of 2020[154]. - The cash flow from financing activities resulted in a net outflow of RMB 17,714,459, contrasting with a net inflow of RMB 1,276,424,368 in the same period of 2020[154]. - The total assets at the end of the reporting period were CNY 28.41 billion, a slight increase of 0.79% from CNY 28.19 billion at the end of the previous year[26]. - The company's total equity decreased to RMB 8,391,156,200 from RMB 10,986,474,009, a decline of approximately 23.7%[147]. Expenses and Costs - The operating cost increased by 26.90% to ¥15,050,224,719 from ¥11,860,122,365, resulting in a gross margin decrease of 0.88% to 14.85%[43]. - Sales expenses surged by 60.34% to ¥949,514,418, primarily due to increased market expenses from higher sales volume and new model launches[40]. - Research and development expenses amounted to RMB 726,466,190, a slight increase of 4.0% compared to RMB 696,582,452 in the first half of 2020[150]. - The company reported a financial expense of RMB 145,442,287, which is a significant increase from RMB 66,731,813 in the same period last year[150]. Investments and Projects - The company invested ¥159,743,826 in the Fushan new factory project during the reporting period, with a cumulative investment of ¥1,202,953,697, achieving 55% project progress[52]. - The company sold 60% equity of its wholly-owned subsidiary, Taiyuan Jiangling Power Co., Ltd., for ¥36,000,000, with a net loss contribution of ¥2,306,000 from the beginning of the year to the sale date[56]. - The company is in the process of selling 60% of its subsidiary Taiyuan Jiangling Power Co., Ltd. for 360 million CNY[112]. Shareholder Information - The total number of shares is 863,214,000, with 99.91% being unrestricted shares[119]. - The largest shareholder, Nanchang JMC Investment Co., Ltd., holds 354,176,000 shares, representing 41.03% of total shares[127]. - Ford Motor Company is the second-largest shareholder with 276,228,394 shares, accounting for 32%[127]. - The company distributed dividends amounting to RMB 3,000,531,864 to shareholders during the first half of 2021[160]. Regulatory Compliance and Governance - The company has maintained compliance with the Chinese accounting standards, ensuring the accuracy and reliability of its financial reporting[174]. - The financial statements reflect the company's commitment to transparency and adherence to regulatory requirements in its operations[174]. - There were no significant litigation or arbitration matters during the reporting period[93]. - The company did not undergo an audit for the semi-annual financial report[89]. Environmental and Social Responsibility - The company has established six wastewater treatment stations since 2006, with the completion of the wastewater treatment station at the Fushan factory in 2021[75]. - The total emissions for COD were 54.49 tons and for ammonia nitrogen were 1.06 tons, both within the approved limits[74]. - The company actively participated in poverty alleviation and rural revitalization efforts, conducting nearly 100 visits to support impoverished households[82].