JLSG(SH:600189)2024-04-14 08:48Financial Performance - The company reported a net profit attributable to shareholders of -457,186,658.98 yuan for the fiscal year 2023[6]. - As of December 31, 2023, the cumulative distributable profit was -1,484,008,321.75 yuan, with the parent company's distributable profit amounting to -2,063,296,346.26 yuan[6]. - The board of directors approved a profit distribution plan for 2023, stating that no profit distribution or capital reserve transfer to share capital will be conducted[6]. - The company faced significant financial challenges, with a net loss of -300,649,012.67 yuan reported in the parent company's financial statements for 2023[6]. - The company reported a revenue of approximately ¥1.12 billion in 2023, a decrease of 11.58% compared to ¥1.27 billion in 2022[23]. - The net profit attributable to shareholders was a loss of approximately ¥457.19 million in 2023, compared to a profit of ¥57.73 million in 2022, marking a significant decline[23]. - The adjusted net profit, excluding non-recurring items, was a loss of approximately ¥508.52 million in 2023, compared to a loss of ¥47.15 million in 2022[23]. - The operating cash flow for 2023 was approximately ¥224.72 million, down 32.86% from ¥334.71 million in 2022[23]. - The total assets decreased by 11.76% to approximately ¥4.32 billion in 2023 from ¥4.90 billion in 2022[23]. - The net assets attributable to shareholders decreased by 27.71% to approximately ¥1.19 billion in 2023 from ¥1.65 billion in 2022[23]. - Basic earnings per share were reported at -¥0.64 in 2023, a decrease of 900% from ¥0.08 in 2022[24]. - The company experienced a significant drop in weighted average return on equity, which was -35.77% in 2023 compared to 3.56% in 2022[24]. - Operating profit was CNY -41,787,940, a decline of CNY 51,382,000 year-on-year[55]. - Net profit attributable to shareholders was CNY -45,718,670, down CNY 51,491,720 from the previous year[55]. Risk Management and Compliance - The company has outlined various risks in its annual report, which investors are advised to pay attention to[8]. - The company is committed to ensuring the accuracy and completeness of its financial reports, as stated by its management[5]. - The audit report issued by Da Hua Accounting Firm confirmed the company's financial statements without reservations[5]. - The company has not disclosed any non-operating fund occupation by controlling shareholders or related parties[8]. - There were no violations of decision-making procedures regarding external guarantees[8]. - The company has established a robust internal control system to ensure compliance with legal regulations and protect shareholder interests[110]. - The company has committed to avoiding related party transactions and ensuring fair pricing in unavoidable transactions[170]. - The company has pledged to prevent any business activities that may compete with its subsidiaries, ensuring no conflict of interest arises[171]. Operational Strategy and Development - The company aims to improve operational quality and reduce risks to lay a solid foundation for future development[35]. - The company has not indicated any plans for market expansion or new product development in the current report[7]. - The company is actively exploring long-term incentive mechanisms, including employee stock ownership and equity incentives for technology enterprises[41]. - The company has established effective collaborations with major clients such as Sinopec and China Southern Airlines, enhancing its national market influence through e-commerce channels[37]. - The company has applied for 18 national patents in 2023, reflecting its commitment to technological innovation and product development[42]. - The company is implementing a comprehensive budget management system to control operational costs and improve efficiency[105]. - The company is focusing on digital management to enhance operational analysis and decision-making support[105]. - The company plans to enhance channel construction, focusing on quality improvement and new channel development in both core and peripheral markets[99]. - The company aims to expand its market presence by increasing product consumption breadth and depth, particularly in profit zones and new channels like e-commerce[102]. Subsidiary Performance - The total assets of the subsidiary Jilin Sen Gong Group Quan Yang Quan Beverage Co., Ltd. reached CNY 1,462.56 million, with a net profit contribution of CNY 111.38 million to the company in 2023[82]. - The total assets of the wholly-owned subsidiary Suzhou Industrial Park Landscape Engineering Co., Ltd. amounted to CNY 1,853.78 million, but it reported a net loss of CNY 209.19 million, contributing negatively to the company's net profit[83]. - The total assets of the wholly-owned subsidiary Beijing Holz Home Technology Co., Ltd. were CNY 300.22 million, with a net profit contribution of CNY 3.24 million in 2023[84]. - The total assets of the subsidiary Fushun County Lushuihe Tianxiang Specialty Products Co., Ltd. were CNY 18.11 million, reporting a net loss of CNY 5.58 million, contributing negatively to the company's net profit[85]. - The total assets of the wholly-owned subsidiary Jilin Longquan Industrial Co., Ltd. reached CNY 107.57 million, with a net loss of CNY 13.53 million, contributing negatively to the company's net profit[87]. - The total assets of the subsidiary Jilin Sen Gong Group Investment Co., Ltd. were CNY 5,702.63 million, with a net profit contribution of CNY 5.24 million to the company in 2023[89]. - The total assets of the subsidiary Jilin Sen Gong Environmental Technology Co., Ltd. were CNY 7.57 million, reporting a net loss of CNY 0.77 million, contributing negatively to the company's net profit[89]. Governance and Shareholder Relations - The company held 2 shareholder meetings and 21 board meetings during the reporting period, ensuring effective governance practices[111]. - The company has committed to maintaining the independence of its financial and operational structures from its controlling shareholder[116]. - The company is enhancing investor relations through multiple communication channels to improve transparency and shareholder engagement[113]. - The company held its annual shareholder meeting on May 22, 2023, where all proposed resolutions were approved without any rejections[123]. - The company has established a complete governance structure to ensure independence from controlling shareholders[119]. - The total compensation for directors and senior management during the reporting period amounted to CNY 337.55 million[127]. - The company reported a decrease of 2,173,600 shares held by a director due to personal financial needs, reducing his holdings from 44,419,694 to 42,246,094 shares[127]. Environmental and Social Responsibility - The company has invested a total of 1.5126 million yuan in public welfare projects during the reporting period, including 1.26 million yuan in donations and 1.5 million yuan for scholarships[165]. - The company has established an environmental protection mechanism, although specific investment amounts in environmental protection were not disclosed[161]. - The company has planted various northern greening plants in non-paved areas of its factory to enhance green coverage[164]. - The company is actively promoting the "Cangyuan Wa Autonomous County World Wa Township Rural Revitalization Demonstration Project," contributing to rural economic development in Yunnan Province[165]. Accounting and Financial Reporting - The company has implemented changes in accounting policies effective from January 1, 2023, in accordance with the Ministry of Finance's new guidelines[182]. - The company will adjust its financial statements to reflect the impact of new accounting interpretations on retained earnings and related financial items[183]. - The total liabilities adjusted to CNY 3,310,597,138.69, with an increase of CNY 1,615,532.63 as a result of the same interpretation[184]. - The company engaged Da Hua Accounting Firm for a three-year audit period, with a fee of CNY 114,000[188]. - The company reported no significant litigation or arbitration matters during the fiscal year[190].