JL(SZ:300589)2023-08-24 16:00Financial Performance - The company's operating revenue for the first half of 2023 was RMB 434,483,662.44, representing a 75.01% increase compared to RMB 248,263,985.18 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was RMB 12,741,269.48, up 43.29% from RMB 8,892,189.11 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was RMB 7,163,685.48, a significant increase of 324.53% compared to RMB 1,687,454.89 in the same period last year[23]. - The net cash flow from operating activities reached RMB 324,698,262.77, a remarkable turnaround from a negative cash flow of RMB -20,206,063.24 in the previous year, marking a 1,706.93% increase[23]. - Basic earnings per share were RMB 0.0337, reflecting a 43.40% increase from RMB 0.0235 in the same period last year[23]. - The company achieved total revenue of 434.48 million yuan in the first half of 2023, representing a year-on-year increase of 75.01%[65]. - Net profit attributable to shareholders was 12.74 million yuan, up 43.29% compared to the same period last year[65]. - The company signed new orders worth 1.78 billion yuan, setting a historical record, with total orders on hand reaching 2.56 billion yuan as of June 30, 2023[65]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 1,967,726,783.20, a 26.99% increase from RMB 1,549,483,070.88 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company were RMB 783,231,180.41, showing a slight increase of 2.24% from RMB 766,057,275.17 at the end of the previous year[23]. - The company's total liabilities increased to CNY 1,164,069,387.69 from CNY 760,798,625.91, reflecting a growth of approximately 53%[198]. - The contract liabilities surged to CNY 849,441,476.69, a significant increase from CNY 402,360,089.11, representing a growth of approximately 111%[198]. - Fixed assets amounted to CNY 371,575,120.51, slightly up from CNY 363,144,378.10, showing a modest increase of about 2%[197]. - The company's equity attributable to shareholders reached CNY 783,231,180.41, compared to CNY 766,057,275.17, reflecting a growth of approximately 2%[198]. - The inventory decreased to CNY 68,922,511.63 from CNY 115,540,477.65, indicating a decline of about 40%[196]. Market and Industry Trends - In the first half of 2023, the shipbuilding industry in China saw a completion volume of 21.13 million deadweight tons, a year-on-year increase of 14.2%, and new orders of 37.67 million deadweight tons, up 67.7%[31]. - The total revenue of 1,176 large-scale shipbuilding enterprises reached 276.71 billion yuan, representing a year-on-year growth of 24%, while total profits increased by 187.3% to 9.5 billion yuan[31]. - The company expects the global shipbuilding completion volume to remain at a high level of 90 million deadweight tons in 2023, with new orders exceeding 100 million deadweight tons[32]. - The shipbuilding industry is experiencing a cyclical recovery, with global active shipyards decreasing from 1,014 in 2008 to 373 in 2022, leading to a tight supply situation[42]. - The demand for special operation vessels, including marine cleaning ships and firefighting boats, is also rapidly increasing, indicating a positive market outlook[50]. Research and Development - Research and development investment increased by 27.32% to 27.26 million yuan, driven by higher design fees and stock payment costs[66]. - The company has increased its R&D efforts in new energy vessels, successfully industrializing hybrid and fully electric vessels, and has developed technical reserves for methanol and hydrogen fuel-powered vessels[120]. - The company delivered multiple fully electric vessels and one hydrogen-powered vessel during the reporting period, contributing to carbon emission reduction[120]. - The company has been recognized as a national intellectual property advantage enterprise and has established various research centers to enhance its R&D capabilities and maintain core competitiveness[99]. Corporate Governance and Management - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has implemented an employee stock ownership plan to incentivize core management and key employees, aligning their interests with the company's performance[62]. - The company experienced changes in its board, with several executives, including the financial director, resigning or being appointed on May 18, 2023[109]. - The employee stock ownership plan (ESOP) involved 72 employees, with a total of 4,348,581 shares held, representing 1.15% of the company's equity[112]. Environmental and Social Responsibility - The company has received national-level green factory certification, reflecting its commitment to green manufacturing practices[61]. - The company installed over 30,000 square meters of photovoltaic power generation facilities at its Zhongshan plant and plans to add another 10,000 square meters at its Zhuhai plant this year[121]. - The company has been actively involved in social welfare activities, including organizing blood donation events where employees donated a total of 14,400 milliliters[126]. - The company has established a health and safety management system compliant with GB/T45001-2020/ISO45001:2018 standards, ensuring the health of frontline employees[127]. Strategic Initiatives - The company is focusing on expanding into the new energy boat market and developing overseas markets, particularly in countries along the "Belt and Road" initiative, to mitigate risks from single market fluctuations and product singularity[94]. - The company emphasizes technological innovation and green manufacturing to enhance product competitiveness and reduce homogenization risks in the boat manufacturing industry[96]. - The company has developed a foreign exchange hedging management system to mitigate risks associated with currency fluctuations due to its expanding international business[103].